We regularly curate the latest insights and reports provided by and in collaboration with our partners and stakeholders to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
MagMutual Insurance Company, the nation’s largest mutual insurer of physicians, has completed its acquisition of MDAdvantage Insurance Company of New Jersey. The transaction received final corporate approval and regulatory approval by the New Jersey Department of Banking and Insurance in December.
Managing general agency Johnson & Johnson announced that it recently acquired the assets of Statewide Insurance Corp as it looks to expand into a number of Southwestern states.
Arthur J. Gallagher & Co. today announced the acquisition of Abilene, Texas-based CBS Insurance, LLP. Terms of the transaction were not disclosed.
Disruption within the insurance industry has been kicked into high gear over the past couple of years, with new customer demands and emerging technologies putting traditional insurers under pressure. To stay ahead of this fast pace, insurers must assess the factors shaping the industry including new business models, customer expectations and emerging technologies being used by competitors.
As the insurance industry continues to navigate the pace of change, complexity and uncertainty in our world, consumers continue to respond, expecting companies to be more responsive to their needs. This year’s underwriting predictions offer guidance on how carriers can respond faster.
The past few years have seen a surge of interest in all things insurtech. First, we saw cries of disruption, aggressive fundraising and rapid growth. VCs seeded hundreds of companies to identify opportunities across life and health, and property and casualty. Most of this momentum came to a screeching halt in early 2022.
Arthur J. Gallagher & Co. announced on Tuesday that it has agreed to acquire the partnership interests of Buck, a provider of retirement, HR and employee benefits consulting and administration services. The transaction is expected to close during the first half of 2023, subject to customary regulatory approvals.
OKX Ventures, the venture arm of world-leading cryptocurrency platform OKX, and crypto hedging protocol Neptune Mutual today announced a partnership to deliver OKX’s first-ever cover pool. The decentralized cover solution will be listed on Neptune Mutual’s P2P cover marketplace, which offers protection against hacks and attacks in DeFi, CeFi, and metaverse protocols.
To further drive sustainability together with its customers as well as within its own operations, Allianz Global Corporate & Specialty (AGCS) has established a dedicated in-house organization for Environmental, Social & Governance (ESG) activities including several high-level leadership roles and appointments.
J.P. Morgan Asset Management and Lincoln Financial Group today announced that they have strengthened their partnership to have J.P. Morgan’s world class investment capabilities as part of Lincoln Financial Group’s platform, further enhancing Lincoln’s broad offerings of leading insurance, retirement and variable annuity solutions.
Please feel free to send us an email
news@insurtechinsights.com
