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NSM closes purchase of UK travel insurance brands AllClear and InsureandGo
The brands will leverage the speciality insurer’s capacity, resources, and technology solutions to fuel their growth.
ICA creates new Expert Report Standard in insurance
The new Standard outlines a specific procedure for creating an Expert Report, its application, and customer expectations.
Emerald Bay boosts admitted capabilities with Mainsail purchase
The company will operate as a wholly owned subsidiary of Emerald Bay Specialty Insurance Company, a surplus lines carrier.
Stillwater Insurance picks Simplifai’s tool to automate claims
Use of Claims Intake Solution will allow the insurer to automate handling of emails and attachments related to claims.
The Standard to buy Allstate’s voluntary benefits business for $2bn
Completion of the deal is anticipated in the first half (H1) of 2025, contingent on the receipt of regulatory clearances.
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Society Insurance adopts Sapiens’ reinsurance automation tool
Using Sapiens’ cloud-based platform will help the insurer streamline financial reporting and minimise claims leakage.
Cytora and Xapien to automate due diligence for commercial insurers
The alliance is said to reduce the time required for due diligence from several hours/days to minutes.
Carrot gains exclusive rights to use behavioural-based insurance
The exclusive rights have already come into effect and Carrot has started offering the behavioural-based insurance (BBI) auto insurance product.
NSM Insurance expands specialty offerings with acquisition of GIG and GWI
The company sees these acquisitions as a strategic boost to its specialty insurance programmes for both commercial property and casualty (P&C) and consumer markets.
Insurer Ryan Specialty finalises deal to acquire US Assure
Post-acquisition, US Assure will be integrated into the Underwriting Managers Specialty division of Ryan Specialty.