All articles by Shivam Mishra
Shivam Mishra
Evolin Broking launches terrorism insurance facility
The facility is spearheaded by specialty reinsurance company Chaucer and underwritten at Lloyd’s of London.
Munich Re net result surges more than 68% to €2.14bn in Q1 2024
The company’s insurance revenue from contracts issued was €15.06bn ($16.16bn), up from €14.27bn in the first quarter (Q1) of 2023.
Acrisure expands in UK with two acquisitions
The deals, whose financial terms remain undisclosed, expand Acrisure’s presence in southern England.
AI-powered insurance solutions provider Simplifai garners funding
Simplifai’s InsuranceGPT is said to be the industry’s first insurance-specific generative AI (GenAI) technology.
Ardonagh enters $1.5bn deal to buy Australia’s PSC Insurance
PSC manages operations across Australia, Bermuda, Hong Kong, Ireland, New Zealand, the UK and Vietnam.
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Honeycomb Insurance raises $36m to enhance AI technology and reach
The company leverages AI-driven technology to provide granular risk management and underwriting at the individual building level.
Truist concludes sale of US insurance unit to Stone Point and CD&R
The all-cash deal, which was first announced in February, places the enterprise value of the insurance broker at $15.5bn.
MPCH teams up with Canopius to offer insurance for crypto assets
The insurance covers potential losses or damage to the physical security measures that could render the crypto assets irrecoverable.
Investor consortium acquires 85% stake in Filipino insurer MAAGAP
This move is aimed at enhancing non-life insurance coverage for small businesses and vulnerable households in the Philippines.
AXA XL introduces new cyber insurance endorsement for US public companies
The new product covers the costs associated with investigating a breach, including legal fees necessary for compliance and disclosure of the incident.