Munich Re’s India Partner Weighs Selling Health Insurer Stake: Sources

Prathap C. Reddy and his family, founders of India’s Apollo Hospitals Enterprise Ltd., plan to sell their holdings in an insurance venture with Munich Re AG to repay debt, people with knowledge of the matter said. The family is seeking …

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UK’s Pool Re Extends Terrorism Cover to Include Non-Damage Business Interruption

UK’s Pool Re now is able to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack. Before a change in the law, Pool Re, a public-private partnership …

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Ascot and Beazley Launch $50M Insurtech-Linked Cargo Consortium for SMEs

Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range of cargo carriers that will provide a …

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Cook Named Next Managing Director of Iowa’s Global Insurance Accelerator

The Global Insurance Accelerator (GIA), headquartered in Des Moines, Iowa, has appointed Nicole Cook as the group’s managing director effective May 1. She joined the GIA full time on Feb. 11. During the GIA’s 2019 cohort, Cook will work alongside …

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InsurTechs Take Note: Chubb’s Digital Marketplace Serves 1,000 Agents a Day

Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, security, chatbots, analytics and data. The effort includes using digital capabilities to …

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Nationwide Invests in Core Systems Insurtech Start-Up Socotra

Nationwide’s latest venture capital investment is in a core technology start-up that promises to help insurers create new insurance products and get them to market faster and integrate more easily with future technologies. The San Francisco start-up, Socotra, is a …

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Arthur J. Gallagher Acquires Surety Solutions, and Agency Multiplied in Oregon

Arthur J. Gallagher & Co. has acquired Salem, Ore.-based Surety Solutions LLC and Agency Multiplied Inc. Terms of the deal were not disclosed. Surety Solutions is a surety focused agency that specializes in offering surety bonds for mortgage brokers, artisan …

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