News Archives | Page 488 of 1094

Editorial Team June 19, 2024 Acquisitions, M&A, News, Partnerships

Zurich Acquires US$670 Million Majority Stake in Kotak General Insurance to Build Leading Insurer in India

Zurich Insurance has announced the acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited ("Kotak General Insurance"), marking a significant milestone as the first foreign insurer to enter India since the foreign direct investment (FDI) rules were…

Editorial Team June 19, 2024 AI, Insights, News

AI Shortens Hiscox Underwriting Journey from 3 days to 3 minutes

Hiscox has managed to shorten its lead underwriting process for the London Market sabotage and terrorism book from three days to just three minutes through the incorporation of Generative Artificial Intelligence.

Editorial Team June 19, 2024 Climate, News, Reports

Verisk: Flood Losses in Southern Germany Could Reach US$3.9 Billion

A relatively high proportion of the overall losses for the event are likely to be insured, owing to the high insurance take up for the flood peril

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