Tokio Marine Group has made a strategic investment in Kita, the specialist carbon insurer and Lloyd’s coverholder, as the two companies deepen their collaboration to support the growth and integrity of global carbon markets.
Ageas has agreed to sell its 30.95% stake in Malaysian joint venture Maybank Ageas Holdings Berhad (MAHB) to Malayan Banking Berhad (Maybank) for €1.1 billion in cash, marking the end of a 25-year partnership in the Malaysian insurance market.
CLARA Analytics has launched what it describes as the insurance industry’s first platform to combine claim-level document intelligence with predictive claims triage, aiming to help commercial insurers turn unstructured medical and legal documents into actionable claims insights.
Willis Towers Watson (WTW) reported higher second-quarter revenue but lower net income as acquisition-related costs weighed on earnings, while announcing a $625 million investment to accelerate artificial intelligence and automation across the business.
AI-powered commercial insurance startup Corgi has reportedly secured a further extension to its Series B financing, lifting its valuation to $4 billion after its third funding round in approximately two months.
Markel Insurance has expanded its artificial intelligence strategy with the launch of Cortex, a new business unit developed in partnership with Bain & Company to transform the underwriting and servicing of hard-to-place U.S. casualty risks.
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