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Indian insurer Niva Bupa looks to garner $360m in IPO
The funds raised from the IPO are earmarked for bolstering Niva Bupa’s balance sheet and covering operational expenses.
BCIC unveils omnichannel insurance ecosystem on EIS platform
The digital ecosystem promises increased accessibility to BCIC’s products and rapid deployment of new offerings.
R&Q Insurance to divest Inceptum to Marco Capital
The sale of Inceptum, a UK-based legacy general insurance company, is expected to enhance R&Q’s liquidity by £13m.
Prudential launches $2bn share buyback initiative
The insurance company anticipates the completion of the buyback programme by mid-2026.
Seventeen Group buys East Pennine Insurance Consultants
The latest acquisition marks Seventeen Group’s entry into the Yorkshire market.
Mapfre announces leadership changes
José Manuel Corral Vázquez’s new appointment will be effective from 1 August 2024.
Achmea sponsors European windstorm catastrophe bond
The bond aims to protect Achmea’s non-life insurance entities from severe weather events in Europe.
Howden launches carbon credits warranty and indemnity policy
Carbon Credits W&I policy aims to catalyse investment into the carbon market by ensuring integrity and value of the credits.
Aon launches $350m Ukraine war cover programme
The new programme aims to enhance insurance capacity and expedite capital investment for Ukraine’s economic recovery.
CoverGo launches AI-driven insurance distribution platform
The new solution is engineered to assist insurance companies, brokers and managing general agents (MGAs) in distributing life, health and property and casualty (P&C) products.