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Probitas 1492 partners KYND to improve cyber capabilities
Probitas will have access to KYND’s risk intelligence and analytics to improve cyber risk assessment throughout the insurance life cycle.
Sanlam makes buyout bid for South African insurer Assupol
The proposed acquisition, currently subject to regulatory approvals, will integrate Assupol into Sanlam’s retail mass cluster.
Cigna Group profit drops to $5.16bn in 2023
At a group level, adjusted revenues for 2023 totalled $195.32bn, up 8.1% from $180.64bn in 2022.
JMG Group-owned Astute closes Sandhouse acquisition
Sandhouse managing director Mark Weedon, with 45 years of industry experience, has now joined Astute.
Hadron expands into UK with Folgate Insurance purchase
Founded in 1877, Folgate Insurance underwrites classes including general and professional liability, and property.
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Generali closes $2.5bn Liberty Seguros acquisition deal
The acquisition will allow Generali to improve the group’s overall earnings profile as well as enhance its property and casualty (P&C) business.
Vouch launches new insurance coverage for AI startups
AI Insurance will cover financial losses from artificial intelligence (AI) products, addressing risks such as algorithmic bias and large language model (LLM) hallucinations.
NextGen i.i, AXA sign reinsurance deal for new IPMI products
The alliance will offer comprehensive coverage for individuals, families and businesses in the Latin America and Caribbean market.
Specialty insurer Fortegra launches US IPO
The company filed a registration statement with the Securities and Exchange Commission (SEC) to offer 18 million of its shares to the public at $15–18 apiece.
Medical Mutual plans to buy health insurer Paramount Health
Upon deal completion, anticipated by 1 May 2024, Paramount will operate as a fully owned subsidiary of Medical Mutual.