InsurTech

Arthur J. Gallagher & Co., a global insurance brokerage, has announced the acquisition of Australia-based Prasidium Credit Insurance.

Nexus Underwriting, a specialty managing general agent, has appointed Steve Willett as its new Development Head.

Chubb, a global insurance leader, announced a definitive agreement to acquire Healthy Paws, a US-based managing general agent (MGA) specialising in pet insurance, from Aon.

Macquarie Insurance Facility is set to enhance its insurance offerings following its recent approval as a Lloyd’s coverholder and a newly established binding authority agreement with Mosaic Insurance.

Zywave, a leading InsurTech provider, has unveiled its latest offering, Cyber Quoting, aimed at simplifying insurance distribution processes.

Aurionpro Solutions Limited has announced the acquisition Arya.ai in a bid to enhance its portfolio of enterprise FinTech offerings with cutting-edge AI technologies.

Intermap Technologies, a global leader in 3D geospatial products and intelligence solutions, has introduced its Aquarius RMA software and the latest generation of flood risk solutions for the Slovakian market. 

Thousands of Californians are on the brink of losing their home insurance this summer as two major insurers, Tokio Marine and Trans Pacific Insurance, announce their exit from the state.

Marsh, the world’s leading insurance broker and risk advisor and business of Marsh McLennan, has appointed Megan McClellan as Southeast Zone Leader, effective today.

In a constantly evolving landscape, insurance businesses grapple with macroeconomic trends impacting profitability and sustainability. From shifts in claims costs driven by inflation to the escalating risks posed by climate change, insurers face multifaceted challenges. State Farm and Allstate’s retreat from California’s home insurance market due to wildfire risks underscores the severity of these challenges.