Merger and Acquisition
AssuredPartners agrees to acquire Clare’s O’Donovan Insurances
AssuredPartners has announced its plans to acquire O’Donovan Insurances through its Irish subsidiary, Gallivan Murphy Insurance Brokers. The acquisition is expected to expand AssuredPartners’ presence in Ireland and increase its annual gross written premiums to over EUR 100 Mn (USD 108.5 Mn). Read More>>
Arthur J. Gallagher & Co. acquires Stewart, Brimner, Peters & Company, Inc.
Arthur J. Gallagher & Co. has acquired Stewart, Brimner, Peters & Company, a retail insurance broker based in Fort Wayne, Indiana. The terms of the deal have not been disclosed. SBP offers commercial and personal insurance products and employee benefits consulting to central and northern Indiana clients. Read More>>
Partnership
DWS extends strategic alliance with Nippon Life
The extended partnership aims to expand distribution reach, product innovation, and research insight by complementing each other’s strengths and working on greater investments, distribution, knowledge transfer, and collaboration outside Japan. The partnership positions both companies to expand their asset management business globally. Read More>>
Executive Movements
QBE Re appoints head of claims
QBE Re has appointed Debbi Wood to the role of head of claims. This appointment is another great example of their internal talent within QBE. Debbi’s depth of claims experience will continue to further enhance its customer value proposition. Read More>>
Northwestern Mutual names new chief insurance officer
Northwestern Mutual has announced changes to its executive team, including the retirement of executive vice president and chief insurance officer John Grogan on June 30. Kamilah Williams-Kemp, the current vice president of risk products, will succeed Grogan and be promoted to executive vice president and chief insurance officer. Read More>>
PCF Insurance Services appoints Brandon Gray to Vice President of the Treasury
Gray will oversee the company’s treasury function, including cash management, forecasting, and liquidity. He will also develop and implement strategies to optimize the company’s cash position and manage its financial risks. Read More>>
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Latest Industry Insights from Draup Braindesk
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Digital Insurance Solutions:
- Crawford is keen on providing digital assistance services to support desk adjusting operations by leveraging innovative technologies like self-service mobile applications, claims platforms, and portals.
- Crawford provides advanced security options for customers by opening cyber operation centers with solutions related to cyberattacks, frauds, and business interruptions.
- Crawford intends to provide digital authentication solutions to enhance claim and asset management services and offers a self-service online digital portal that helps customers get secure and personalized services.
Digital Customer Services:
- Crawford focuses on Digital Customer services to allow enterprises more easily comply with evolving document accessibility regulations, mitigating the risks and costs of non-compliance.
- The Company supports motor claims processing through digital strategy and includes features like data capture, location maps, and real-time weather reports.
- Crawford Technologies offers accessibility consulting, assessments, and training services to support companies in enhancing the customer experience.
- Service Providers with rich expertise in Digital Customer Services would serve Crawford & Company with better solutions.
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Key Funding Alert
Bank of Baroda-backed IndiaFirst Life Insurance gets Sebi green light to IPO
The IPO includes the issuance of fresh shares worth INR 500 Cr (USD 60.8 Mn) and an offer-for-sale of 14.12 crore equity shares by selling shareholders. The offer-for-sale will see Bank of Baroda and Carmel Point Investments India offloading 8.9 crores and 3.92 crore equity shares, respectively. Read More>>
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Startup Spotlight
Company – PasarPolis
Total Funding – USD 71 Mn
About: PasarPolis is an insurtech startup that provides an online insurance comparison platform for individuals. The company offers quotes for health, life, car, personal, property, and claims processing services. Read More>>
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