Investments

The shares will be priced in a range of C$19 to C$22 apiece and will be listed on the Toronto Stock Exchange under the symbol “DFY,” Waterloo, Ontario-based Definity said in a statement Monday.

The funding round was led by AIA Insurance Inc. as Tiki looks to expand into life insurance and plans a U.S. initial public offering.

Lemonade Car, a telematics auto insurance product, is now live in Illinois and will roll out across the U.S. soon.

Life insurers are warning Chile that they may have their day in court if a bill that allows people to demand early annuity payments is passed into law.

The company sold as much as 162 million new shares, at 120 rubles each in Moscow, it said in a statement. The sale values the insurance group, controlled by investors led by Boris Jordan, at 66.8 billion rubles. The stake was smaller than initially planned, when the company said it could raise up to 25.2 billion rubles.

Renaissance Insurance, Russia’s largest online policy provider, is trawling the country’s traditional insurers for acquisition targets as it prepares for a possible initial public offering.

Kotak Mahindra Capital Co., JM Financial Ltd., Citigroup Inc. and Nomura Holdings Inc. are also on the shortlist, based on their technical and financial bids, after 16 investment banks presented their pitches to the government on Thursday, the people said, asking not to be identified because the information isn’t public.

Allowing FDI in LIC would permit so-called strategic investors such as massive pension funds or insurance firms to participate in the initial public offering, which is slated to be India’s largest ever.

The owner of the SoftBank Group Corp.-backed startup has submitted initial documents with the market regulator for what would be the third-largest Indian debut of 2021.

Firms using the fintech will lose support on September 6.

New flows to traditional fixed income investments remain strong, according to Cerulli Associates data.

Permanent life insurance has a bad reputation. Here’s what financial advisors think about its potential for retirement planning if taxes rise under Biden.

The inevitable cancellation of the takeover transaction by China Oceanwide means Genworth will be spinning out a portion of its U.S. mortgage insurance business.

Celent finds the two most important corporate goals impacting 2021 tech plans are growth and process optimization.

The health insurance startup co-founded by Josh Kushner in a filing Friday listed the size of the offering as $100 million.

The transaction with Reinvent Technology Partners is set to value the combined entity at more than $5 billion.

The trend toward accelerating digital interaction development is happening, but it's not coming with a lift in financial resources.

Remote processing and customer service investments are up, according to new research from Celent.

Many insurers report no changes to their plans, with some reshaping and a few accelerating, but very few pausing or retrenching.

Counting Farmers among its clients, company’s platform provides touchless claims and roadside assistance.