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Gjensidige Forsikring to offload Baltic subsidiary to Ergo

The deal is projected to result in an accounting loss of around Nkr120m ($10.8m), which will be recognised in the third quarter (Q3) of 2024.

Latest news

BMS names new UK chief growth officer 

Watkins, who has been with the company for more than a decade, will lead the implementation of BMS' client-centric growth strategy. 

Ryan Specialty’s financial lines MGU unifies operations, expands offerings 

Coinciding with the rebranding is the activation of a new $10m international facility for Ryan Financial Lines. 

Twelve Capital, Securis agree on merger to create $7.8bn ILS manager 

The deal, the financial terms of which were not disclosed, will establish one of the world's largest insurance-linked securities (ILS) managers. 

Blink Parametric launches with Heymondo for travel solutions

MAWDY, part of the MAPFRE Group, will underwrite the coverage for Blink and Heymondo.

Indian insurtech company Acko buys OneCare to bolster healthcare offerings 

With this move, Acko aims to create a comprehensive healthcare ecosystem that addresses various aspects of health insurance. 

Allianz Partners Australia expands alliance with Singapore Airlines 

The new integrated model will allow passengers to obtain insurance quotes directly through the Singapore Airlines website. 

KwikFit’s motor insurance policy highlights the threat of embedded insurance

GlobalData’s 2023 UK Insurance Consumer Survey found that 30.4% of UK consumers would be happy to purchase motor insurance from a car manufacturer.