Centre Setup and Expansion
BMO to celebrate the opening of BMO Place in Toronto
The revitalized space features collaborative technology, flexible workspaces, and connection cafes on each floor. The 350,000-square-foot space will be home to over 3,000 employees and is designed to attract and retain the next generation of the top talent in Toronto. Read More>>
Merger and Acquisition
Arthur J. Gallagher & Co. acquires Tay River Holdings Ltd
The terms of the deal have not been disclosed, but the acquisition is expected to expand Gallagher’s employee benefits consulting and brokerage capabilities. The acquisition is part of Gallagher’s ongoing strategy to grow through targeted acquisitions and expand its capabilities to serve clients in various industries. Read More>>
Canada Life Assurance Co. acquiring wealth management firm
The company is acquiring Investment Planning Counsel Inc., a wealth management firm, from its sister company IGM Financial and the transaction is expected to be modestly accretive after two years. Read More>>
Partnerships
Insurance Intelligence Provider Percayso Inform partners with software-as-a-service provider Acturis
Percayso Inform will make its next-generation enrichment hub available to Acturis, allowing intelligence to be accessed with a simple API call at a significant volume. Additionally, Percayso will provide its ground-breaking Percayso Inform Manager low-code solution, enabling Acturis broker, MGA, and insurer partners to dynamically and intuitively build, adapt and optimize their data enrichment, rating, and intelligence strategies. Read More>>
Ambit Finvest and Bajaj Finserv Direct join hands for a digital lending platform for MSMEs
The partnership to develop a D2C (direct-to-customer) instant loan application to give business loans to MSME business owners through a completely paperless and automated digital onboarding process. Read More>>
Tune Protect Group and Bolttech partner to offer a new generation of device protection solutions
The two companies have announced a strategic partnership to launch a new generation of device protection solutions and support services in Malaysia. Through the partnership, Bolttech and Tune Protect aim to offer customers a convenient and seamless end-to-end customer experience for device protection solutions. Read More>>
Executive Movements
Rosengren joins Berkshire Bank board
Rosengren was elected to the boards of Berkshire Bank and its parent company, Berkshire Hills Bancorp Inc., as an independent director, effective April 5. The board also designated Rosengren as one of its financial experts. Read More>>
Brown & Brown, Inc. announces the appointment of Michael Vaughan as chief data officer
Mike is a proven leader in developing, aligning, communicating, and delivering data strategies, capabilities, and roadmaps. Before joining Brown & Brown, Michael served as a senior vice president in the analytics data platform delivery and data strategy and architecture divisions of Truist. Read More>>
Safety Insurance Group, Inc. announces Board of Director updates
With the retirement of Mr. Brussard, the Board of Directors has elected Mr. Murphy to serve as the Chairman of the Board, effective May 17, 2023, in addition to continuing as CEO and President. Mr. Murphy has led Safety to continued success over his tenure, consistently generating positive underwriting results during the growing surplus of insurance entities. Read More>>
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Startup Spotlight
Company – Hedvig
Total Funding – USD 98.86 Mn
About: Hedvig is an innovative approach to insurance. It is an EU-licensed carrier providing home, contents, accident, travel, clumsiness, and car insurance. With stellar service and ultra-fast claims handling, Hedvig creates a service that people long to use. Read More>>
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