Imagine a world where doctors can monitor the effectiveness of your medication without you ever having to leave your home. This scenario is no longer a distant dream but a developing reality due to groundbreaking advancements in Therapeutic Drug Monitoring (TDM). This innovation is about to
Phoenix Financial Ltd., an Israel-based financial, insurance, and investment group, has announced an impactful Loss Portfolio Transfer (LPT) reinsurance agreement with Ayalon Insurance Company Ltd. This move represents a significant expansion of Phoenix's Property and Casualty (P&C) insurance
AM Best, a renowned credit rating agency, recently revised the outlook for Group Ark Insurance Limited (GAIL) from stable to positive regarding its Long-Term Issuer Credit Rating (Long-Term ICR). Concurrently, it affirmed a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term ICR of “a”
In a significant move for the global insurance industry, the Ardonagh Group has secured a milestone equity investment valued at $14 billion from Stone Point Capital LLC, a prominent US-based private equity firm. This substantial transaction positions Stone Point as a major shareholder in Ardonagh,
American International Group, Inc. (AIG) has completed a significant transaction, selling approximately 120 million shares of Corebridge Financial's common stock to Nippon Life Insurance Company. This resounding deal, valued at $3.8 billion with each share priced at $31.47, reflects AIG's
A major shift has taken place within the Board of Directors at Corebridge Financial, a well-known American multinational financial services company. Alan Colberg has been elected as the new Chairman of the Board, a role previously held by Peter Zaffino since November 2021. Colberg joined the Board
