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Insurance Business Review

Global Risk Partners acquires Marshall Wooldridge to expand broker portfolio Global Risk Partners (GRP) has acquired Marshall Wooldridge for an undisclosed amount to expand its portfolio of insurance brokers. News
Atain selects Oceanwide’s Bridge Insurance Software Suite and Insurity’s Claims Decisions Atain Insurance Companies (Atain) has selected Oceanwide’s Bridge Insurance Software Suite and Insurity’s Claims Decisions to support its commercial package, commercial property, and commercial general liability lines of business.
Technology > Technology in Insurance > News Global Risk Partners acquires Marshall Wooldridge to expand broker portfolio By IBR Staff Writer
Global Risk Partners (GRP) has acquired Marshall Wooldridge for an undisclosed amount to expand its portfolio of insurance brokers.
News Verisk Insurance Solutions joins Guidewire PartnerConnect as solution partner Verisk Insurance Solutions has joined Guidewire PartnerConnect as a solution partner.
Technology > Technology in Insurance > News
Universal Insurance launches direct-to-consumer online platform in three US states Universal Insurance Holdings has made Universal Direct, its direct-to-consumer online platform for Universal Property & Casualty Insurance Company ("UPCIC") products, available to homeowners in Florida, Hawaii and North Carolina.
Technology > Technology in Insurance > News Canada's BICO reaches agreement to restart operations Canada's BridgePoint Indemnity Company (BICO) has reached an agreement with FSCO and FICOM to resume operations, effective immediately.
General Insurance > Personal Lines > News Citi divests reinsurance block to Munich Re Citi has completed the sale of Financial Reassurance Company 2010, Ltd. (“FRAC”), a special purpose financial insurance company, to a subsidiary of Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re).
Reinsurance > News

Latest News and Insight by Sector

General Insurance

Canada's BICO reaches agreement to restart operations
Canada's BridgePoint Indemnity Company (BICO) has reached an agreement with FSCO and FICOM to resume operations, effective immediately.
General Insurance > Personal Lines > News
Metromile secures $191.5m in funding; buys insurance carrier
Metromile, a pay-per-mile car insurance provider in the US, announced $191.5m funding to fuel its growth initiatives, advance nationwide expansion and acquire an insurance carrier.
General Insurance > Commercial lines > News

Life Insurance And Pensions

Kemper unveils improvements to life insurance claims procedures
Kemper's Life & Health division has started implementing enhancements to its life insurance claims procedures.
Life Insurance & Pensions > News
Aviva to lay off 85 jobs in Leicester and London
By IBR Staff Writer
Insurance giant Aviva is laying off 85 jobs in Leicester and London amid the growth of its digital platform.
Life Insurance & Pensions > News

Intermediaries

Arthur J. Gallagher & Co buys Gabor Insurance Services
By IBR Staff Writer
Insurance brokerage and risk management services firm Arthur J. Gallagher & Co has acquired Gabor Insurance Services and its subsidiary, American Professional Liability Underwriters.
Intermediaries > Brokerage > News
JLT Re acquires Olsa Re’s reinsurance portfolio in Peru
By IBR Staff Writer
JLT Re, a subsidiary of Jardine Lloyd Thompson Group, has acquired the portfolio of Olsa Re in Peru, for an undisclosed sum.
Intermediaries > Brokerage > News

Reinsurance

Citi divests reinsurance block to Munich Re
Citi has completed the sale of Financial Reassurance Company 2010, Ltd. (“FRAC”), a special purpose financial insurance company, to a subsidiary of Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re).
Reinsurance > News
Munich Re digitizes business with SAS Hadoop and big data analytics
Munich Re is depending on SAS Analytics and Hortonworks Data Platform (HDP) for its big data initiative.
Reinsurance > News

Technology

Atain selects Oceanwide’s Bridge Insurance Software Suite and Insurity’s Claims Decisions
Atain Insurance Companies (Atain) has selected Oceanwide’s Bridge Insurance Software Suite and Insurity’s Claims Decisions to support its commercial package, commercial property, and commercial general liability lines of business.
Technology > Technology in Insurance > News
Verisk Insurance Solutions joins Guidewire PartnerConnect as solution partner
Verisk Insurance Solutions has joined Guidewire PartnerConnect as a solution partner.
Technology > Technology in Insurance > News

Regulatory & Risk

Atain selects Oceanwide’s Bridge Insurance Software Suite and Insurity’s Claims Decisions
Atain Insurance Companies (Atain) has selected Oceanwide’s Bridge Insurance Software Suite and Insurity’s Claims Decisions to support its commercial package, commercial property, and commercial general liability lines of business.
Technology > Technology in Insurance > News
Verisk Insurance Solutions joins Guidewire PartnerConnect as solution partner
Verisk Insurance Solutions has joined Guidewire PartnerConnect as a solution partner.
Technology > Technology in Insurance > News