All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Allianz seals preliminary deal with Jio for Indian insurance JV
The proposed collaboration would encompass both health and general insurance sectors.
Prudential new business profit rises 11% in 2024
On a CER basis, the company’s adjusted operating profit after tax grew by 7% to $2.58bn (£1.99bn) in 2024 from $2.45bn in 2023.
Penn Mutual Life Insurance names new CFO
The transition follows the planned departure of Dave Raszeja, who has worked for more than 20 years at Penn Mutual.
Prudential, HCL’s Vama to set up Indian health insurance JV
Prudential Group will own 70% of the JV and Vama Sundari 30%.
The Doctors Company enters $1.3bn deal to buy ProAssurance
Upon finalisation, ProAssurance’s common stock will be delisted from the NYSE.
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Vienna Insurance Group picks 48.82% stake in Phinance
This move grants VIG access to Phinance’s customer and consultant network, helping it to strengthen its foothold in Poland.
ZestyAI’s Severe Convective Storm Suite gets approval in five more US states
This suite is designed to predict the probability and severity of hail, wind and storm claims at an individual property level.
Allianz, BlackRock and T&D to buy Cinven’s Viridium for €3.5bn
Viridium will continue to operate as an independent platform under its current management team.
Talanx net income soars 25% in 2024
The company’s operating profit stood at €4.9bn ($5.32bn) in 2024, a 60% jump year-on-year.
Swiss Re offloads full stake in Definity Financial
The transaction is priced at C$56.20 ($39.25) per share, resulting in total proceeds of approximately C$655m.