AUB wraps up £500m acquisition of Lloyd’s broker Tysers
Australian insurance broker AUB Group has completed the acquisition of Lloyd’s wholesale broker Tysers in a deal valued at £500m. London-based Tysers is a…
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Swiss Re acquires equity stake in Verily to expand in health and life space
Reinsurance giant, Swiss Re has acquired an equity stake in Verily by exchanging its investment in Granular Insurance Company (Granular). Following the exchange, Granular…
M&T Bank to sell M&T Insurance Agency to Arthur J Gallagher
American bank holding company M&T Bank has signed a deal to sell M&T Insurance Agency (MTIA) to insurance brokerage Arthur…
Allianz X purchases 100% stake in German insurtech simplesurance
Allianz X, the digital investment arm of Allianz Group, has acquired 100% stake in simplesurance, an embedded insurance insurtech. The…
Optio launches operations in Dubai with new MGA and reinsurance broker
UK-based speciality managing general agent (MGA) Optio Group has announced plans to set up an MGA and reinsurance broker in Dubai. Both…
Poland’s PZU partners Upptec to digitise contents claims
Polish insurer PZU has struck an agreement with Swedish insurtech company Upptec for digitising its contents claims. Under the agreement,…
Acrisure continues acquisition spree with CRK Commercial Insurance purchase
American insurance broker Acrisure has expanded its footprint in the UK by acquiring CRK Commercial Insurance Services, which specialises in…
Blockchain-powered reinsurer Re enters market with $14m seed fund
Re, a US-based blockchain-powered reinsurer, has announced its launch with a seed funding of $14m. It was in incubation under…