Sector Updates

Resilience, a leading cyber risk solution provider, has announced a significant expansion of its underwriting capacity to offer up to £10m in cyber insurance coverage for clients across the United Kingdom and European Union.

Verisk has recently confirmed two major appointments in its UK sales and business development segment.

Boost Insurance, the innovative insurance infrastructure platform, has unveiled a strategic partnership with Canopius US Insurance Holdings, a subsidiary of Canopius Group.

iA Financial Corporation is set to acquire Vericity in a significant all-cash transaction valued at approximately $170m.

Skyward Specialty Insurance Group, Inc., a leading player in the specialty P&C market, and eMaxx, a tech-enabled specialty provider of commercial P&C insurance captive solutions and programs, have come together to expand their captives partnership.

Scandinavian insurance giant Tryg has unveiled a series of strategic and structural modifications, including the consolidation of two key business lines and a significant workforce reduction.

Unless you’ve spent the past year under a rock, you’ll be aware of the excitement for generative AI. While many have used the technology to write emails, do homework or create CVs, generative AI could be one of the most transformative technology stacks to businesses. Laila Beane, the chief marketing officer at IntellectAI, the insurtech and wealthtech brand of Intellect Design Arena, recently delved into generative AI’s impact on insurance.

Cincinnati Re, the reinsurance subsidiary of The Cincinnati Insurance Companies, has added Christopher Toppi to its team.

K2 Insurance Services, an insurance services holding company, has recently publicised its strategic equity investment in Titan Flood.

Origami Risk, a leading risk, safety, and insurance Software as a Service (SaaS) technology firm, has announced the appointment of Chris Bennett as Chief Strategy Officer and Mike Kaplan as Division President within its Core Solutions unit.