Acquisitions
Aon Acquires NFP in Landmark Deal
Aon has completed the acquisition of middle market property and casualty broker NFP from Madison Dearborn Partners and HPS Investment Partners.
April 26, 2024
9:46 am
Aon has completed the acquisition of middle market property and casualty broker NFP from Madison Dearborn Partners and HPS Investment Partners.
Marsh has introduced the Global Alternative Risk Solutions practice, aiming to blend the company’s expertise in parametric solutions, alternative risk transfer, captives, and complex risk.
Coalition, the world’s first Active Insurance provider focused on preventing digital risks before they occur, has released its 2024 Cyber Claims Report.
As the 2024 election season unfolds, 65% of North American business leaders are concerned that political risks may negatively affect their ability to trade internationally.
Allstate Insurance may soon start offering new homeowners policies in California again, provided the state Department of Insurance allows the use of catastrophic modeling when requesting rate increases.
MAPFRE RE, the reinsurance division of the Madrid-based insurer MAPFRE, saw its net income rise nearly 70% to €216 Million – and also reported a 7% increase in premiums during the first quarter of 2024, amounting to nearly $2.4 billion.
Marsh has introduced the Global Alternative Risk Solutions practice, aiming to blend the company’s expertise in parametric solutions, alternative risk transfer, captives, and complex risk.
ICEYE, a leading provider of satellite-powered disaster management solutions, has entered into a multi-year collaboration with Juniper Re, a reinsurance broking arm and subsidiary of BRP Group, Inc.
Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched Prime Tech with Cowbell Co-Pilot, a generative AI solution designed to streamline underwriting within its Prime Tech offering.
Flow Specialty, previously known as Capitola Insurance, has announced its official rebrand. Supported by Munich Re Ventures and Lightspeed Venture Partners, Flow Specialty is poised to elevate the specialty wholesale insurance market with its innovative approach.
Swiss Re has introduced an enhanced version of its market-leading Life & Health underwriting manual, Life Guide. The updated version features Swiss Re Life Guide Scout, an underwriting assistant powered by Generative AI.
Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, announced its latest cloud-based claims solution.
PCF Insurance Services, a top 20 U.S. insurance brokerage, has secured US$400 million in additional debt financing.
UK Insurtech firm PeppercornAI has successfully raised US$4 million in funding, with investments coming from Wealth Club, EHE, and Angels Invest Wales.
Faura, a startup focused on building resilience in the property insurance sector, has raised $500,000 in its first round of funding.
Rainwalk Technology, a leading white-label pet insurance technology provider, has announced the successful completion of a $4 million Seed funding round.
Estaly, a French insurance startup, has secured US$3.8 in seed funding from OneRagtime, CDG Invest, and approximately 20 angel investors.
AI insurance ventures experienced an 18% year-on-year increase in funding in 2023, raising nearly $2 billion through private equity and venture financing, according to GlobalData’s Technology Foresights model.
As Global Leader for the Life Insurance, Annuities and Benefits sector for Capgemini, Samantha Chow has a unique view of the industry. Insurtech Insights finds out more.
Karim Derrick of Kennedys IQ explores the risks and rewards as the sector looks to an AI future.
Sebastien Gaudin is the passionate leader, Co-founder & CEO of The CareVoice, a groundbreaking digital health platform that has just completed its Series B funding round – raising an impressive US$10 million in the process.
Insurtech Insights Europe has experienced its busiest year yet, with more than 6,000 insurance industry delegates pouring through the doors for the fifth edition of the annual conference.
In the dynamic landscape of the European insurance market, Managing General Agents (MGAs) are emerging as pivotal players, reshaping the distribution of Property and Casualty (P&C) insurance.
In this provocative thought leadership article, James Doe, UK Sales Manager, for Novidea explores Tesla’s handling of insurance – and what the industry can gain from the example.
Aon has completed the acquisition of middle market property and casualty broker NFP from Madison Dearborn Partners and HPS Investment Partners.
Marsh McLennan Agency, a subsidiary of Marsh, has announced its intent to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) from Trustmark National Bank in a significant all-cash transaction valued at $345 million.
Arthur J. Gallagher & Co., has announced its acquisition of Australia’s Prasidium Credit Insurance. Details of the transaction have not been disclosed.
Chubb has announced a definitive agreement to acquire Healthy Paws, a U.S.-based managing general agent (MGA) specialising in pet insurance, from Aon plc (NYSE: AON), a global professional services firm.
Omaha National, a leading provider of workers’ compensation insurance, has successfully acquired Sutter Insurance Company.
Resideo Technologies, Inc. has announced that it has entered into a definitive agreement to acquire Snap One Holdings Corp.
In a recent industry move, Marsh has appointed Megan McClellan as Southeast Zone Leader, effective immediately. Based in Washington, D.C., McClellan will report to Pat Donnelly, President of U.S. and Canada at Marsh.
WTW (Willis Towers Watson) has announced the appointment of Neil Harrison, formerly Aon’s global chief claims officer, as its new global head of claims.
Lloyds, the world’s leading marketplace for insurance and reinsurance, has today announced that Dawn Miller has been appointed as Chief Commercial Officer of Lloyd’s and CEO of Lloyd’s Americas, based in New York, with effect from 1 September 2024.
Swiss Re has revealed a significant leadership transition. In a statement released today, the Board of Directors has appointed Andreas Berger as the new Group Chief Executive Officer, effective from July 1, 2024.
State Farm has revealed that Jon Farney, currently serving as the President of State Farm, will be the next Chief Executive Officer (CEO), effective June 1. Farney succeeds Michael Tipsord, who has been at the helm since 2015.
ARMD, a prominent insurance Managing General Agent (MGA) championing the £6.5 billion underserved tradespeople market in the UK, has made a significant addition to its leadership team.
Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched Prime Tech with Cowbell Co-Pilot, a generative AI solution designed to streamline underwriting within its Prime Tech offering.
Swiss Re has introduced an enhanced version of its market-leading Life & Health underwriting manual, Life Guide. The updated version features Swiss Re Life Guide Scout, an underwriting assistant powered by Generative AI.
Tesla is recalling 3,878 Cybertrucks to address a faulty accelerator pedal pad that could come loose and become trapped in the interior trim.
PwC has achieved the Guidewire Migration Acceleration Specialisation, aimed at facilitating insurers’ transition to Guidewire Cloud with enhanced efficiency and cost-effectiveness.
ICEYE, a global leader in satellite-powered disaster management solutions, has finalised a definitive agreement for an oversubscribed US$93 million growth funding round, with Solidium Oy at the forefront.
Cyber insurtech Coalition has revealed new integrations between its cyber risk management platform, Coalition Control, and leading cloud services providers Microsoft 365, Google Workspace®, and Amazon Web Services.
Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched Prime Tech with Cowbell Co-Pilot, a generative AI solution designed to streamline underwriting within its Prime Tech offering.
AI insurance ventures experienced an 18% year-on-year increase in funding in 2023, raising nearly $2 billion through private equity and venture financing, according to GlobalData’s Technology Foresights model.
Swiss Re has introduced an enhanced version of its market-leading Life & Health underwriting manual, Life Guide. The updated version features Swiss Re Life Guide Scout, an underwriting assistant powered by Generative AI.
Tesla is recalling 3,878 Cybertrucks to address a faulty accelerator pedal pad that could come loose and become trapped in the interior trim.
McKinsey and Google Cloud have joined forces to unleash the potential of generative artificial intelligence (gen AI), projecting a staggering $4 trillion in prospective business value.
Sayata, a leading provider of innovative insurance solutions tailored for small and medium-sized businesses (SMBs), has launched the Sayata Risk Engine.
Zurich Insurance Group AG has announced significant changes to its underwriting policies, revealing it will no longer support new oil and gas ventures and will tighten scrutiny on clients looking to expand into metallurgical coal mining.
Insurtech Insights Europe has experienced its busiest year yet, with more than 6,000 insurance industry delegates pouring through the doors for the fifth edition of the annual conference.
In this latest Thought Leadership article, Rory Yates, Chief Strategy Officer at EIS, examines the Gap insurance quandary and explores how the FCA is attempting to level the playing field for customers.
SCOR has disclosed a record net income of €812 million for the fiscal year 2023, signaling a notable upturn from the losses incurred in 2022.
A new report from Embedded Finance & Super App Strategies and InsureMO describes the commercial potential for Embedded Insurance in Europe.
As the Chief Commercial Officer at Sayata, Upasana Unni oversees the supply side of the two-sided marketplace. Initially focused on cyber insurance, Sayata has since broadened its offerings to include other lines for small and medium businesses.