All articles by vidhya munnangi

vidhya munnangi

Sedgwick to buy legal spend management division from Bottomline 

The company will integrate LSM technology infrastructure including the Legal-X and Legal eXchange web platforms. 

Specialty Risk Re secures $50m in funding  

The company said this investment strengthens its ability to address the increasing shortfall in reinsurance capacity. 

Pacific Life Re, NN Life complete €2bn longevity swap in Netherlands 

The deal encompasses a €2bn ($2.09bn) block of in-force individual annuity life policies, with provisions to reinsure future new business. 

Waterdrop integrates DeepSeek to enhance insurance services 

Using advanced AI models, Waterdrop’s AI Insurance Expert now supports multimodal interactions including voice and text.  

Resilience extends territorial limits of binding authority with RSA 

The expanded partnership targets US businesses with revenues of up to $10bn. 

Manulife reports fall in Q4 2024 net income attributable to shareholders 

For the full year, Manulife’s net income attributable to shareholders increased by 5% to $5.4bn (C$7.66bn), up from $5.1bn in 2023.  

Pen Underwriting expands ports and terminals insurance to US 

The company markets the services under the trading name BMM P&T. 

CFC rolls out bulk quoting service for cyber insurance 

The service will initially be available for CFC’s cyber insurance products. 

North Carolina League of Municipalities picks Gradient AI’s underwriting tool 

The improved visibility allows NCLM to differentiate between groups of the same size but with varying risk profiles. 

AI-driven insurtech company COVU boosts Series A financing to $22m 

Originally set as “milestone-based financing”, the round was increased to $10m and oversubscribed.