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American International Group (NYSE: AIG) today announced that it has entered into a binding memorandum of understanding with Stone Point Capital LLC (Stone Point), a leading private equity firm focused on investing in businesses within the global financial services industry, to form an independent Managing General Agency (MGA) to serve High Net Worth and Ultra High Net Worth markets.
Due to the complexity of the insurance industry, the adoption of new technologies has been slow. This is a paradox, since insurance is one of the business application areas where the introduction of new technologies, especially the ones related to Web3, offers big potential.
Joining Duck Creek’s ecosystem strengthens CIS’ability to offer easy-to-use performance testing and stabilization products to Duck Creek SaaS and on-premises customers.
Berkley Re Solutions today announced a partnership with Barton Mutual Insurance Company to introduce a first-of-its-kind coverage for individuals and families who experience traumatic events.
SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announced it has partnered with Swiss Re to offer its customers Swiss Re’s Automated Claims Experience solution, a state-of-the-art digital tool that guides beneficiaries through the claims process.
Alacrity Solutions Group, LLC (“Alacrity Solutions” or the “Company”), a recognized leader in providing insurance claims management services in North America, today announced that BlackRock Alternatives, through its Long Term Private Capital (“LTPC”) strategy, has acquired a majority interest in the Company.
Palantir Technologies Inc. (“Palantir,” NYSE: PLTR) and Palantir Technologies Japan K.K. today announced a $50 million, five-year expansion of its work with SOMPO Holdings (“SOMPO”) and its group companies including SOMPO Japan, the company’s insurance business.
Swiss Re Corporate Insurance has announced that it will provide PULSE & Network to the UNIQA Group, giving UNIQA access to a single digital platform that will manage and deliver structured and compliant international programs for them.
CloudCover® is an AI-generative cybersecurity threat prevention platform, today announced the inclusion of the $1 Million Ransomware Warranty backed and insured by the Munich Re Group.
Allianz Partners and Bridgestone EMIA have agreed to join forces to co-create new offers and services around each partner’s key areas of expertise: tyres and insurance.
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