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Following a robust 2023 driven by robust US economic expansion, the global economy is poised to decelerate by 0.4 percentage points, reaching a 2.2% real GDP growth in 2024.
Swiss insurer Zurich has revealed that its wholly owned U.S.-based Farmers Group is poised to acquire three brokerage entities—namely Kraft Lake Insurance Agency, Western Star Insurance Services, and Farmers General Insurance Agency—along with the flood-program servicing arm of Farmers Exchanges. The strategic acquisition is valued at $760 million.
Guidewire has joined forces with Swiss Re Reinsurance Solutions to transform the insurance landscape by leveraging cutting-edge technology.
Rory Yates, Chief Strategy Officer for EIS, unpicks the pros and cons of Amazon’s new Health Insurance offering
E.design, an insurtech company affiliated with the Tokio Marine Group, has selected Guidewire Cloud to strengthen its core operations. Guidewire has also announced the release of its new cloud solution, Innsbruck.
Coalition has bolstered its footprint in the UK and announced the appointment of Gareth Machin as its inaugural Manchester-based underwriter.
Aon, a global leader in risk management, has announced the expansion of its Climate Risk Advisory function to encompass the firm’s Risk Capital capability.
In response to ongoing reorganisation efforts, Hiscox has made the decision to reduce its workforce by approximately 10% in the United States.
Berlin-based insurtech, wefox, is unveiling its latest brand claim: “wefox Empowering Insurance.” This new tagline signals the company’s distinctive role, emphasising that it goes beyond the conventional insurance realm.
Insurance broker WTW has unveiled its plan to realign its climate and Risk & Analytics capabilities under the unified leadership of Peter Carter.
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