Recent

Product Launches

Funding

Lexasure Financial Group Signed Business Combination Agreement to Go Public

Lexasure Financial Group, a leading provider of reinsurance and digital insurance solutions in Southeast and South Asia, and Capitalworks Emerging Markets Acquisition Corp., a publicly traded special purpose acquisition company organized in the Cayman Islands to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization or other similar business combination, today announced a definitive business combination agreement to provide Lexasure with a path to becoming a publicly listed company through a new Cayman Islands holding company, Lexasure Financial Holdings Corp., that will acquire both Lexasure and CEMAC.

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Thought Leadership

5 technologies impacting insurance

Throughout 2022, the insurtech sector experienced a fundraising paradigm shift from “growth at all costs” to a greater operational focus on sustainability, responsible growth, and even more importantly, toward a clear path to profitability.

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Swiss Re’s multidimensional view of motor risk

Challenging times for the automotive industry. From lingering supply chain disruptions to global food shortages and the energy crisis, the economic landscape has been cumbersome, and companies worldwide have had to adapt to this complex new environment.

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Acquisitions

Leadership Changes

RT Specialty names new EVP

International specialty insurance firm Ryan Specialty Group has announced the promotion of Michael van Acker to executive vice president of RT Specialty, Ryan Specialty’s wholesale brokerage and binding authority specialty.

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Chris Lay appointed CEO Marsh McLennan UK

Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today announced the appointment of Chris Lay as CEO Marsh McLennan UK, in addition to his responsibilities as CEO of Marsh UK, effective 1 March 2023.

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Markel Corporation names Teri Gendron CFO

Markel Corporation (NYSE: MKL) announced today that Teri Gendron will become its next Chief Financial Officer effective March 20, 2023, succeeding Jeremy Noble who became President of Markel’s insurance operations earlier this year.

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Technology

AI

How insurers can win the race to AI maturity

Artificial intelligence has been around since the 1950s, but over the last several years the business potential of AI has expanded dramatically. We now live in a world where big data and powerful computational capabilities allow AI to flourish. Companies—including insurance carriers—are investing in establishing data lakes, optimizing for cloud-based operations and activating AI for targeted analytics.

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Industry Trends

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Bradley Collins

Bradley Collins