Recent

Acquisitions

Starr Announces Acquisition of IQUW Group

Starr has entered into a definitive agreement to acquire IQUW Group, a specialty insurance and reinsurance business with gross written premiums of approximately $1.9 billion. The group includes two Lloyd’s syndicates: IQUW, a specialty (re)insurer operating across multiple specialty lines, and ERS, the United Kingdom’s largest motor insurer at Lloyd’s, as well as IQUW Re Bermuda, the company’s Bermuda-based reinsurance platform.

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Conferences

AA Ireland Partners with Abry

AA Ireland has entered a partnership with Abry Partners, a Boston-based private equity firm with extensive experience in the insurance and mobility sectors. The collaboration marks a key milestone in AA Ireland’s growth journey, aimed at accelerating its expansion and enhancing its service offerings.

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Conferences

Amwins Launches Cyber+ to Address SME Cyber Insurance Gaps

Amwins has launched Cyber+, a proprietary cyber insurance product designed to provide comprehensive coverage for small and mid-sized enterprises. The product aims to close existing gaps in the SME cyber market by offering broader protection and proactive risk management support.

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Conferences

Zurich Launches AI Lab

Zurich Insurance Group has launched the Zurich AI Lab to accelerate the development of scalable solutions that address real-world insurance challenges and redefine what customers can expect from their insurer. The initiative aims to combine research excellence with practical application to drive innovation across the insurance value chain.

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Conferences

Acrisure Appoints Benjamin Funk as Chief Technology and Chief AI Officer

Acrisure has appointed Benjamin Funk as Chief Technology and Chief AI Officer. In this role, Funk will lead Acrisure’s global technology strategy with a focus on AI transformation, enterprise automation and enhancing the firm’s digital client experience. He will report to Mark Wassersug, Acrisure’s Chief Operating Officer.

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Product Launches

Amwins Launches Cyber+ to Address SME Cyber Insurance Gaps

Amwins has launched Cyber+, a proprietary cyber insurance product designed to provide comprehensive coverage for small and mid-sized enterprises. The product aims to close existing gaps in the SME cyber market by offering broader protection and proactive risk management support.

Read More »

Zurich Launches AI Lab

Zurich Insurance Group has launched the Zurich AI Lab to accelerate the development of scalable solutions that address real-world insurance challenges and redefine what customers can expect from their insurer. The initiative aims to combine research excellence with practical application to drive innovation across the insurance value chain.

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Funding

Aviva Ventures Completes Strategic Investment in Indico Data to Accelerate AI-Driven Insurance Automation

Indico Data, a global leader in AI-powered automation for insurance operations, has announced a strategic investment from Aviva Ventures, the corporate venture capital arm of Aviva plc, one of the United Kingdom’s largest insurers. The investment strengthens Indico Data’s growing leadership in the London Market and supports its expanding adoption among global property and casualty carriers.

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Previsico Secures Series A Funding to Accelerate Global Growth

Previsico, the live flood alert insurtech, has announced the successful close of its Series A funding round. The investment includes participation from Connecticut Innovations (CI), Connecticut’s strategic venture capital arm, and BlueOrchard Finance Limited, a leading global impact investment manager and member of the Schroders Group. The round builds on earlier investment led by Burnt Island Ventures, with continued support from Foresight Capital.

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Thought Leadership

Acquisitions

Starr Announces Acquisition of IQUW Group

Starr has entered into a definitive agreement to acquire IQUW Group, a specialty insurance and reinsurance business with gross written premiums of approximately $1.9 billion. The group includes two Lloyd’s syndicates: IQUW, a specialty (re)insurer operating across multiple specialty lines, and ERS, the United Kingdom’s largest motor insurer at Lloyd’s, as well as IQUW Re Bermuda, the company’s Bermuda-based reinsurance platform.

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Guidewire to Acquire ProNavigator

Guidewire has announced that it has entered into a definitive agreement to acquire ProNavigator, a knowledge management platform designed specifically for the property and casualty (P&C) insurance industry. The acquisition aims to strengthen Guidewire’s capabilities in delivering advanced, context-aware intelligence across its platform.

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Ryan Specialty to Acquire Stewart Specialty Risk Underwriting

Ryan Specialty has announced that it has entered into a definitive agreement to acquire Stewart Specialty Risk Underwriting, a Canadian managing general underwriter specialising in large-account, high-hazard property and casualty solutions. Following the completion of the transaction, Stewart Specialty Risk Underwriting, also known as SSRU, will become part of the Ryan Specialty Underwriting Managers division.

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Wright Flood to Acquire Assets of Poulton Associates

Wright National Flood Insurance has announced that its affiliate, Wright National Flood Insurance Services, an operating company of Arrowhead Programs, has entered into an agreement to acquire the assets of Poulton Associates, one of the leading providers of private flood insurance in the United States.

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Leadership Changes

Acrisure Appoints Benjamin Funk as Chief Technology and Chief AI Officer

Acrisure has appointed Benjamin Funk as Chief Technology and Chief AI Officer. In this role, Funk will lead Acrisure’s global technology strategy with a focus on AI transformation, enterprise automation and enhancing the firm’s digital client experience. He will report to Mark Wassersug, Acrisure’s Chief Operating Officer.

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Ryan Gill Appointed CEO of Bspoke Group as Business Enters New Chapter

Bspoke Group has appointed Ryan Gill as its new Chief Executive Officer, marking the first major leadership change since the company was acquired by NFP, an Aon company. Gill, who previously served as Chief Commercial Officer, succeeds Tim Smyth. Smyth will take on the role of Deputy Chair, focusing on strategy and long-term opportunities under NFP ownership.

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Technology

AI

Industry Trends

AI Regulation Divide Poses Growing Risks for Insurers, say Leaders

The UK and US collective decision not to sign a global AI declaration, underscores a growing division over international regulation and raises concerns about the emerging risks of unregulated AI, say insurance business leaders. Insurtech Insights gets the lowdown from Mark Kirby, Professional Services Director at Intersys Ltd. and Risto Rossar, Founder and CEO of Insly.

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