Fidelity & Guaranty Life Sold to Chinese Insurance Company

Fidelity & Guaranty Life has announced their plans to sell their insurance company to Anbang Insurance, a Chinese firm, and the deal will close in the second quarter of 2016. The move comes at a time when both Anbang insurance and many other Chinese companies are increasing their market share in insurance and real estate […]

Read More

Anthem Buys Cigna for 54.2 Billion BIG ONES

Anthem (ANTM), has helped to consolidate the Insurance Industry even further, by purchasing Cigna, for a reported $54.2 Billion, that’s billions! This transaction serves to further reduce the major players in the industry from five major players to three. The proposed purchase is the largest ever in the Insurance Industry, exceeding Aetna’s recent acquisition of […]

Read More

Chile is the Latest Nation Looking to Issue Catastrophe Bonds

Chile is reportedly looking to issue a catastrophe (cat) bond in order to be more prepared for natural disasters and severe weather. A cat bond is like insurance, transferring monetary risk from Chile, in case of disaster, to investors in the bond. Cat bonds were first used in the 1990s in the aftermath of Florida’s […]

Read More