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EY announces alliance with INSTANDA to help insurers modernise core architecture for the AI era
The EY organization has announced an alliance between INSTANDA, one of the leading AI-augmented no-code insurance platforms, and Ernst & Young LLP (EY UK) to help insurers execute transformation at scale, unlock the potential of AI, and support their people to provide greater value across the business.
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Novacore to acquire Diesel Insurance Solutions to add cross-border trucking cover
Novacore has agreed to acquire Diesel Insurance Solutions, a California-based managing general underwriter specialising in cross-border trucking, physical damage, and cargo insurance. Financial terms were not disclosed.
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Generali and the World Bank Group partner to advance insurance and resilience in emerging markets
Generali and the World Bank Group (WBG) have signed a Memorandum of Understanding during the Annual Meetings of the WBG and the International Monetary Fund in Bangkok, built on a shared commitment to mobilise private capital, strengthen resilience, and expand targeted insurance and investment solutions across emerging markets. The collaboration aims to advance emerging markets […]
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Howden names reinsurance chair Richardson as group chief commercial officer
Howden has appointed Elliot Richardson to the newly created role of group chief commercial officer, putting him in charge of a new commercial strategy designed to make fuller use of the broking, reinsurance, underwriting, and employee benefits businesses the group has built.
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$20.72m deal: FWD to buy 25% stake in Bolttech Insurance (Hong Kong)
FWD has announced plans to acquire a 25% stake in Bolttech Insurance (Hong Kong) for a base consideration of $20.72m (HK$161.62m), subject to closing adjustment. Bolttech Insurance (Hong Kong) is currently a wholly owned subsidiary of Bolttech Discovery Holdings, which is ultimately owned by bolttech Holdings. Its principal business is the underwriting of general insurance […]
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SageSure invests in Pillar Capital Management
SageSure, a managing general underwriter, has made an investment in insurance-linked securities fund manager Pillar Capital Management, which has over $4bn of institutional assets under management. SageSure’s existing debt facility with long-standing capital partner Ares Management was expanded to support the investment. The investment adds Pillar’s reinsurance risk underwriting capabilities and institutional investor relationships to […]
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