AXA Partners and ROCK Insurance will work together to underwrite travel insurance policies

Key Signals in Insurance

Ulster Bank in car and home insurance deal with Aviva 
The bank has agreed on a deal with Aviva Direct Ireland to transfer its home and car insurance books to Aviva for renewal rights. The affected customers do not need to take any action, and it will write to them shortly to communicate this change and what it means. Read More>>
Merger and Acquisition
Ardonagh Europe acquires Lons Group 
Ardonagh acquired a Dutch broker firm and consultancy Lons Group. Headquartered in Amsterdam and founded in 1951 by Max Lons, Lons Group specializes in full-service insurance solutions for corporate clients. It is renowned for its expertise in complex cases and international operations. Read More>>
Brown & Brown, Inc., completes the acquisition of Patrick Quinlan Insurance by OLeary Insurance Ltd. 
Brown & Brown acquired Quinlan Insurance by OLeary Insurances Ltd., part of Brown & Brown. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results and condition. Read More>>
NFP acquires Toronto-based Newport Private Wealth Inc. 
The company agreed to acquire Newport Private Wealth Inc., a Toronto-based private wealth management firm with approximately USD 4.3 Bn in assets under management and offices in Waterloo, ON; Kingston, ON; Calgary, AB; and Kelowna, BC. Read More>>
AXA Partners and ROCK Insurance Group announce partnership 
The company partnered with Rock insurance group. The strategic partnership sees the company underwrite several ROCK Insurance Groups’ travel insurance policies, including Jet2, Onthebeach, Travel Republic, Insurefor, Leisure Guard, and Big Blue, among others. Read More>>
NFP partners with Palm Beach North Athletic Foundation 
NFP is partnered with Palm Beach North Athletic Foundation and is an active participant in a project that will bring tremendous benefit to families in and around Palm Beach County; Doug Hammond, chairman and CEO of NFP. Read More>>
Executive Movement
AXA IM names Laurent Caillot Global Chief Operating Officer 
The company appointed Laurent Caillot as Global Chief Operating Officer, effective 1 September 2022. Based in Paris, Caillot will be a member of the AXA IM Management Board, reporting to Marco Morelli, Executive Chairman of AXA IM. Read More>>
Tokio Marine Highland announced new CEO 
The company announced its new CEO. His most recent position with the company was as a chief underwriting officer. He coordinated the underwriting operations and relationships between Tokio Marine Highland and Tokio Marine Kiln, a significant player in the Lloyds of London insurance market. Read More>>
Prudential Life Insurance appoints new CEO 
Prudential appointed Dr. Hazel Berrard Amuah as Chief Executive Officer. Prudential intentionally ensures that its African growth story is written by talented people who are the true face of the continent. Read More>>
Financial and Market Activity
Brown & Brown, Inc. announces 2022 second-quarter earnings release and conference call dates 
Brown & Brown will release its 2022 second-quarter earnings on July 25, 2022, after the close of the market. The company’s executives will host an investor update conference call concerning Brown & Brown’s second-quarter 2022 financial results. Read More>>
ProAssurance second quarter 2022 results release and teleconference 
The company will report results for the quarter ended June 30, 2022, after the close of normal New York Stock Exchange trading on August 8, 2022. ProAssurance will conduct a conference call at 10:00 AM ET on Tuesday, August 9, 2022, to discuss the results and other items of interest to investors participating in the call. Read More>>

Latest Industry Insights from Draup Braindesk

1. Capability Enhancements
  • Cambia Health Solutions provide a wide range of products and services, including healthcare information technology and software development, retail healthcare, and health insurance plans. It carries the Blue Cross and Blue Shield brand, life insurance, pharmacy benefit management, consumer engagement, and wellness. 
  • The Company provides cost estimates and a shopping incentives program to empower members in choosing high-quality, cost-effective care.
2. Outsourcing Opportunities
  • Cambia Health Solutions has ~21 outsourcing partners. Cognizant is the major outsourcing partner for Cambia Health Solutions. 
  • Application Development & Maintenance is the major outsourced segment. 
3. Key Focus and Recommended Area
  • Cambia Health Solutions focuses on Healthcare Platform Enhancements to improve customer capabilities. 
  • Key Recommended Area is: Connected Health Systems

Startup Spotlight

Company – FloodFlash
Total Funding – USD 17.65 Mn
About: FloodFlash is an insurance technology company that combines computer models, cloud software, and internet-of-things sensors into flood cover. FloodFlash is the first parametric flood insurance available to the mass market. Read More>>

Latest Reports Published in Draup

Willis Towers Watson Public Limited Company Account Intelligence Report 
Willis Towers provides a suite of aviation insurance broking products in Australia and New Zealand and cyber risk assessment services to support clients with tailored solutions to effectively manage risk in a challenging and fast-evolving cyber threat environment. Read More>>
Swiss Re Account Intelligence Report 
Swiss Re provides reinsurance, insurance, and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations, and public sector clients. Read More>>
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