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The buyer was formed by Sequence Holdings and DFO Management, the family office of Dell Technologies founder Michael Dell, and will acquire a majority stake in Baldwin.
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Autonomous driving technology company Waymo is planning a phased commercial deployment starting in Germany, with the possibility of extending the service to additional markets over time.
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GlobalData finds 9.2% of UK commercial brokers view AI as the biggest threat to their business.
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GlobalData finds almost half of UK consumers remain unconvinced by the use of AI in determining insurance premiums.
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Established in 1987, Moores works with HNW individuals and businesses in 43 states, offering P&C insurance services to both commercial and personal-risk clients.
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The deal, the transaction value of which was not revealed, marks MNK Group's first risk carrier domiciled in the EU.
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