Sector Updates

Steadily, a leading provider of property insurance for landlords, has partnered with Tractic.io to enhance and streamline landlord insurance for real estate investors.

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has announced the opening of a new office in Miami on 1 September 2024.

Imagine a world where insurance isn’t bogged down by endless paperwork, long processing times, and one-size-fits-all policies. Instead, envision a landscape where every interaction is tailored to fit your unique needs, claims are processed swiftly and accurately, and customer service is available around the clock. Welcome to the transformative era of generative AI in insurance. 

Everest Reinsurance has announced the appointment of Mayur Doshi as head of North America treaty casualty.

Understory, a provider of insurance solutions against severe weather losses, has secured $15m in a Series A funding round.

Sixfold, the company empowering underwriters with a generative AI solution for end-to-end risk analysis, has announced a successful $15m Series A funding round.

CoverGo, the leading global no-code insurance SaaS platform, has launched an innovative, AI-powered insurance platform designed for omni-channel distribution.

Arch Insurance International, a leading provider of insurance and reinsurance solutions, has announced the appointment of Ketan Motwani as UK chief operating officer (COO), effective immediately.

McKenzie Intelligence Services (MIS) has announced the launch of a cutting-edge AI damage classifier to enhance its human intelligence-led damage assessments for insurers following catastrophic events.

Richmond National, a specialty excess and surplus lines insurance company, has announced the successful closure of an oversubscribed equity capital raise.