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XL Group to buy 20% stake in Mahindra Insurance Brokers Global insurance and reinsurance firm XL Group has agreed to acquire a 20% stake in Mahindra Insurance Brokers (MIBL), a subsidiary of Mahindra & Mahindra Financial Services which primarily serves rural and semi-urban India. News
XL Group to buy 20% stake in Mahindra Insurance Brokers By IBR Staff Writer
Global insurance and reinsurance firm XL Group has agreed to acquire a 20% stake in Mahindra Insurance Brokers (MIBL), a subsidiary of Mahindra & Mahindra Financial Services which primarily serves rural and semi-urban India.
News FidentiaX builds world's first marketplace for tradable insurance policies Fintech start-up fidentiaX is developing the world's first marketplace for tradable insurance policies which empowers policyholders to monetise policies on blockchain.
News Oak Underwriting adds home cyber cover for HNW offering By IBR Staff Writer
RSA-owned Oak Underwriting has enhanced its legal expenses and home emergency cover for high-net-worth (HNW) clients with home cyber protection.
News
IBM, MetLife, Majesco develop new platform for insurers By IBR Staff Writer
Tech-giant IBM and insurance companies MetLife and Majesco have joined forces on what they claim an industry-first insurance platform.
News Bar Harbor Bankshares to divest McCrillis & Eldredge Insurance Bar Harbor Bankshares has signed a definitive agreement with Cross Insurance to sell their insurance subsidiary, McCrillis & Eldredge Insurance, a family owned and operated company headquartered in Bangor, Maine.
News MS&AD to acquire 15% stake in ReAssure for £800m By IBR Staff Writer
MS&AD Insurance Group Holdings of Japan has agreed to acquire an initial 5% stake in ReAssure, a UK closed life book consolidator of Swiss Re Life Capital, for £175m as part of its £800m investment for acquiring 15% shareholding in ReAssure.
General Insurance > Commercial lines > News

Latest News and Insight by Sector

General Insurance

Bar Harbor Bankshares to divest McCrillis & Eldredge Insurance
Bar Harbor Bankshares has signed a definitive agreement with Cross Insurance to sell their insurance subsidiary, McCrillis & Eldredge Insurance, a family owned and operated company headquartered in Bangor, Maine.
News
MS&AD to acquire 15% stake in ReAssure for £800m
By IBR Staff Writer
MS&AD Insurance Group Holdings of Japan has agreed to acquire an initial 5% stake in ReAssure, a UK closed life book consolidator of Swiss Re Life Capital, for £175m as part of its £800m investment for acquiring 15% shareholding in ReAssure.
General Insurance > Commercial lines > News

Life Insurance And Pensions

IBM, MetLife, Majesco develop new platform for insurers
By IBR Staff Writer
Tech-giant IBM and insurance companies MetLife and Majesco have joined forces on what they claim an industry-first insurance platform.
News
Symetra expands universal life portfolio
Symetra Life Insurance has introduced new indexed universal life product, Symetra Accumulator IUL.
Life Insurance & Pensions > News

Intermediaries

Lloyd's of London signs deal with AI company Expert System
By IBR Staff Writer
Lloyd's of London has signed artificial intelligence (AI) deal with Expert System, which develops cognitive computing and text analytics software based on AI algorithms.
News
Arthur J. Gallagher buys New Jersey-based Franklin-Case Agency
Arthur J. Gallagher has acquired Franklin-Case Agency based in Flemington, New Jersey.
Intermediaries > Brokerage > News

Reinsurance

US, EU sign agreement to streamline insurance regulation
The US and the European Union (EU) have signed an agreement to streamline the insurance and reinsurance regulations.
Reinsurance > News
Monument Re buys stake in ABN AMRO Life Capital Belgium
Monument Re has acquired complete ownership over Benelux Life Run-Off SCS, including its acquisition of ABN AMRO Life Capital Belgium, the Belgian life insurance subsidiary of ABN AMRO (AALCB), subject to regulatory approvals.
Reinsurance > News

Technology

FidentiaX builds world's first marketplace for tradable insurance policies
Fintech start-up fidentiaX is developing the world's first marketplace for tradable insurance policies which empowers policyholders to monetise policies on blockchain.
News
Equisoft achieves specialization on Oracle Insurance Policy Administration
Equisoft has became the world's first system integrator specialized on the latest certifiable version (version 10) of the Oracle Insurance Policy Administration (OIPA) for Life and Annuity platform.
Technology > Technology in Insurance > News

Regulatory & Risk

FidentiaX builds world's first marketplace for tradable insurance policies
Fintech start-up fidentiaX is developing the world's first marketplace for tradable insurance policies which empowers policyholders to monetise policies on blockchain.
News
Equisoft achieves specialization on Oracle Insurance Policy Administration
Equisoft has became the world's first system integrator specialized on the latest certifiable version (version 10) of the Oracle Insurance Policy Administration (OIPA) for Life and Annuity platform.
Technology > Technology in Insurance > News