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This move follows the establishment of its surety division as part of the bond, credit and guarantee subsegment in November 2023.
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The transaction lifts Sedgwick’s enterprise value to approximately $13.2bn, an increase from $6.7bn in 2018.
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The IT platform aims to streamline parametric insurance distribution, starting with Tower’s cyclone response cover in Fiji and Tonga.
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The partnership will mean insurers have access to EarthScan’s asset-level climate risk intelligence data through Cytora’s platform.
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Sigo Seguros aims to offer affordable auto insurance to immigrant and working-class communities.
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The optimism held by the majority of insurance insiders reflects the belief that AI’s development is still in the early stages.
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