UFCIC to accept cryptocurrency for premium payments
Universal Fire & Casualty Insurance Company (UFCIC) has announced that it will accept cryptocurrency for premium payments, claimed to be the first in the US. UFCIC said it accepts a…
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BHSI unveils energy and technical lines casualty insurance products in UK
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its casualty capabilities in the UK by launching…
Insurtech Advisr completes seed investment round to fund international growth
Advisr, an Australia-based independent broker platform, has completed a seed investment round led by Spacer co-founder and former insurance executive…
Tokio Marine HCC rebranded as WorldTrips, enhances travel portfolio
Tokio Marine HCC – Medical Insurance Services Group (TMHCC – MIS Group) has renamed itself WorldTrips as part of a…
Generali to purchase majority stake in AXA’s JV in Malaysia
Italian insurer Generali has finalised deals to purchase majority stake in AXA Affin joint ventures and to purchase 100% of…
Insurtech unicorn wefox Insurance forges alliance with Akur8
wefox Insurance has entered into a partnership with insurtech Akur8 to strengthen its pricing process. wefox Insurance will leverage Akur8’s…
Zurich extends sponsorship deal with Melbourne Football Club
Zurich Financial Services Australia (Zurich) has extended its sponsorship of the Melbourne Football Club for two more years. Zurich has been Co-Principal Partner of Melbourne Football Club since 2018. In…
Mapfre Re joins forces with Kovrr to mitigate & manage cyber risk
Mapfre Re has partnered with Israeli cyber risk modelling company Kovrr to manage cyber risk exposure. This partnership will be used by the reinsurer to better assess cyber risk exposure…
Insurtech Hellas Direct raises €32m to accelerate business growth
Hellas Direct, a technology-driven insurer operating in Greece and Cyprus, has raised €32m in the latest round of funding. The insurtech also added the European Bank for Reconstruction and Development…
Insurance Ireland charged with breach of EU antitrust rules
The European Commission has charged Insurance Ireland with restricting competition in the motor insurance market, thereby breaching EU antitrust rules. Insurance Ireland is an association of Irish insurers. Its members…
Fairfax Asia to acquire remaining shares of Singapore Re
Fairfax Asia has agreed to acquire all the shares of Singapore Reinsurance held by dissenting shareholders. The Asian unit of the Canada-based financial group Fairfax Financial received valid acceptances amounting…
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