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Pen Underwriting acquires Irish MGA Wrightway
The deal is said to bolster Pen Underwriting’s specialist offerings and establish its first “on-the-ground presence” in Ireland.
MIS unveils AI damage classifier to boost insurers’ catastrophic event response
The AI damage classifier enables insurers to expedite incident and claims responses and refine their portfolio loss analysis.
Earnix, Verisk tie up to improve commercial insurance pricing
The partnership is set to empower insurers with enhanced accuracy, regulatory compliance and quicker delivery times.
UK’s Broadstone launches Insurance Regulatory Risk Advisory division
The new division is dedicated to both life and non-life insurance sectors including the London market and Lloyd’s.
Desjardins fully acquires Canadian P&C insurer ICPEI
By acquiring ICPEI, Desjardins General Insurance Group aims to strengthen its position in the Canadian market.
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India’s Canara Bank approves diluting 14.5% stake in life insurance arm
This process will be carried out by listing Canara HSBC Life Insurance Company on the stock exchanges through an initial public offering (IPO).
Australia forms taskforce on natural hazards risk reduction
The taskforce aims to address rising insurance costs exacerbated by increasingly intense and frequent weather events.
Marsh McLennan Agency expands US reach with Perkins purchase
The acquisition will enable Marsh McLennan Agency to offer an expanded set of services to its clients in West Texas.
ABAX introduces Fair Car Insurance in Norway
Fair’s technological platform utilises predictive risk insights to offer equitable insurance premiums.
AIA Group opens newly redeveloped Hong Kong headquarters
The new building spans 23,600m² across 22 floors and will house around 1,800 employees at full capacity.