All articles by Shubhendu Vimal
Shubhendu Vimal
Alan raises $115m in funding, valuation surpasses $5.7bn
The funding round was led by Index Ventures through its growth fund, with additional participation from Belfius, Greenoaks, Kaaf Investments and SH Capital.
Marsh names Nick Studer as CEO of Marsh Risk
Studer will succeed Martin South, who will move into an enterprise-wide role as CCO of Marsh.
IRDAI approves Allianz Jio Reinsurance and Kiwi General Insurance
The IRDAI granted certificates of registration to the two entities during its 134th board meeting.
VEON subsidiary to acquire controlling stake in TPL Insurance
The company expects the transaction to be completed in mid-2026, subject to regulatory approvals.
CZ Health Insurances selects Sapiens IDITSuite to modernise operations
Sapiens International said its IDITSuite platform will help CZ to streamline and automate processes for both customers and employees.
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NFP launches P&C group captive practice following Trinity Risk acquisition
Alan Wise, president of Trinity Risk, will head the practice as a managing director.
Cigna appoints Brian Evanko as next CEO
David M Cordani will retire from the CEO position and move into the role of executive chair of the company’s board.
Zurich raises SFr3.9bn to support Beazley takeover
The Swiss insurer issued approximately 7.09 million new registered shares, each with a par value of SFr0.10, at SFr550 per share, generating gross proceeds of approximately SFr3.9bn ($4.95bn).
UnitedHealth limits salary increases to 2% during restructuring – report
The limited rises coincide with notifications of layoffs to an unspecified number of staff.
Gallagher acquires German broker KROSE to expand reach
Founded in 1920 and based in Bremen, KROSE provides commercial insurance and reinsurance services to large corporates across Germany.