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Munich Re to acquire cyber insurtech company At-Bay for $575m

At-Bay will be overseen by HSB, the technology-forward, cyber-focused arm of Munich Re's Specialty insurance portfolio.

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Thoma Bravo to acquire Accelerant in $4bn take-private deal 

Under the definitive agreement, holders of Accelerant Class A and Class B shares will receive $20.25 per share in cash.  

Standard Life agrees $2.72bn PRT partnership with investor consortium

The consortium consists of CVC Capital Partners, PFI, Goldman Sachs and MS&AD Insurance Group, together with other long-term institutional investors.

Embedded insurance gains pace as IKEA enters UK home insurance market

Urban Jungle gains access to IKEA’s huge pool of UK customers in home insurance partnership while the FCA fast-tracks its support to the insurtech.

Aon launches $200m Sidecar X facility for transactional risk cover

The facility sits within Aon's Global Sidecar Platform, which covers representations and warranties insurance alongside tax insurance.

Aviva’s H1 profit falls by 49%

The company said operating profit increased by 24% to $1.79bn (£1.32bn), which it attributed to continued progress on its Direct Line integration and growth across its core business lines.

Bank-offered SME insurance sees low take up as HSBC UK teams with Gallagher

GlobalData shows low bank conversion for SME insurance as HSBC UK refers commercial clients to Gallagher for advice and cover.

Many Group uses AI to create a faster pet insurance journey

GlobalData research highlights the importance of quicker purchasing journeys for direct pet insurance customers, as AI and automation streamline processes and reduce friction.