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AIG Set to Exit Corebridge Financial With $710M Stake Sale
Insurance giant American International Group said on Tuesday it had agreed to sell its remaining stake in life insurance and retirement firm Corebridge Financial, marking the culmination of a five-year separation. Here are some details: AIG has agreed to sell …
POSTED MAY 06, 2026 7:47 PM |
People Moves: NCDOI Names Price Deputy Commissioner Over Company Services
North Carolina’s insurance commissioner has named a financial analysis veteran to the role of senior deputy commissioner, overseeing the Company Services Group at the Department of Insurance. Jessica Price has led financial analysis at NCDOI for 15 years, and before …
POSTED MAY 06, 2026 4:47 PM |
People Moves: Brotherhood Mutual Announces Leadership Promotions & Transition; Assurex Global’s Johnson Named SVP, Global Growth Strategy
Brotherhood Mutual Announces Leadership Promotions & Transition Brotherhood Mutual Insurance Company, headquartered in Fort Wayne, Indiana, made several changes to its executive team. Scott Figgins assumes a new role as senior vice president – integration officer. He previously served as …
POSTED MAY 06, 2026 4:45 PM |
Allianz Commercial Transitions its Standalone Cyber Business to MGA Coalition
Allianz Commercial announced an agreement which transitions its standalone commercial cyber insurance business to Coalition, the managing general agent and specialist cyber insurer. The agreement establishes Coalition as Allianz’s exclusive global partner for cyber insurance across all commercial segments, combining …
POSTED MAY 06, 2026 3:25 PM |
Texas Mutual Board Approves $300M Dividend Distribution
Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced that its board of directors has approved a $300 million general dividend distribution for 2026. This marks the 28th consecutive year Texas Mutual has paid a general …
POSTED MAY 06, 2026 3:13 PM |
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices
Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced this week that it has gone out of business after 34 years. The ultralow cost airline that once operated hundreds of daily …
POSTED MAY 06, 2026 3:06 PM |
Fire Destroys Lab Building on University of South Florida Campus
Firefighters worked through the night to extinguish a blaze at a laboratory on the University of South Florida campus in St. Petersburg and officials said Sunday that the building could be a total loss. The fire Saturday night prompted evacuations …
POSTED MAY 06, 2026 2:50 PM |
Business Moves: Howden Acquires Cyber Analytics Firm Cybeta
Howden announced it has acquired the intellectual property assets of Cybeta, LLC, a cyber data and analytics provider. Terms of the deal were not disclosed. Howden said the acquisition enables the brokerage to provide clients with faster, more precise insight …
POSTED MAY 06, 2026 2:43 PM |
Florida’s Baldwin Group Brokerage Sees Small Q1 Loss After Busy Merger Year
One quarter after Tampa-headquartered The Baldwin Group purchased CAC Group brokerage and reported a $26 million net loss, the brokerage posted just a $1.9 million loss for Q1 2026. On a per-share basis, Baldwin saw net income of 2 cents. …
POSTED MAY 06, 2026 2:38 PM |
Pacific Hurricane Season Brings Higher Risk of Impacts for Hawaii, SoCal, Mexico
Exceptionally warm waters and a developing El Niño will increase the risk of direct hurricane impacts in Hawaii, Southern California and parts of Mexico this year, according to an AccuWeather analysis out on Wednesday. The forecast shows the Eastern and …
POSTED MAY 06, 2026 1:32 PM |
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