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Aventum, an international (re)insurance group, has announced it is investing in the development of an innovative AI Underwriting Assistant, following the conclusion of its inaugural Bear Cave Innovation Challenge.
Hiscox has announced today that it is rolling out its AI-Enhanced Lead underwriting model to all London market brokers following a successful proof of concept.
Howden has completed the acquisition of Health and Life Insurance broker Help Me Compare Group (which trades as ActiveQuote) and its subsidiaries, boosting Howden’s position in the UK market.
Howden Re has announced it is partnering with Temblor Inc, a natural-disaster modelling company specialising in seismic hazard and risk assessments.
Lloyd’s, the world’s preeminent marketplace for insurance and reinsurance, has today announced that AM Best has upgraded its financial strength rating to A+ (Superior) from A (Excellent).
Swiss Re has estimated that a high frequency of small to medium events has resulted in global insured losses from natural disasters of $60 billion in the first half of 2024.
Aviva is set to begin writing marine business in Lloyd’s beginning next year for the first time in 200 years, following Aviva’s acquisition of Lloyd’s syndicate Probitas in July.
Ambac Financial Group has completed the acquisition of a 60% controlling stake in London-based insurance underwriting and MGA incubation platform Beat Capital Partners.
AXA has announced it is set to acquire Gruppo Nobis for an upfront payment of €423 million, with a potential extra earn-out of up to €55 million.
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