All articles by vidhya munnangi
vidhya munnangi
Admiral Group to divest US motor insurance portfolio to J.C. Flowers
Elephant Insurance offerings include tools designed to assist customers in selecting protection within their financial means.
Sapiens to buy automation service provider Candela
This move is intended to augment Sapiens’ life insurance product suite and extend its market reach in APAC.
Swiss insurers Helvetia and Baloise plan merger
Helvetia Baloise will be the second-largest insurance group in Switzerland with business volumes of SFr20bn ($24.34bn) upon deal completion.
MS&AD reportedly plans $5bn investment to boost North American growth
The company expects North American net profits, including Canada and Mexico, to soar 3.5-times to Y166bn ($1.18bn) for the fiscal year ending March 2025.
Digital insurer Roamly opens headquarters in Fort Lauderdale, Florida
Roamly has formed partnerships with several national insurance carriers including Ahoy! Insurance and American Modern.
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Applied Underwriters spins off United Risk as stand-alone entity
Set up in 2023, United Risk offers a global P&C underwriting platform that includes 28 MGA and MGU programmes.
W.R. Berkley Corporation profit dips to $417.6m in Q1 2025
The company’s operating income for the quarter was $404.7m, down from $423.3m in Q1 2024.
Insurtech company Guidewire to invest $60m in Japanese operations
The initiative is said to help insurers achieve profitable growth, business and IT agility, and regulatory compliance.
Ryan Specialty enters deal to buy USQRisk assets
The acquisition will incorporate USQ into Ryan Specialty’s alternative risk business.
Oman launches national health insurance platform
The platform, Dhamani, is now connected to 33 private hospitals and three healthcare complexes.