Swiss Re and T-Hub partner to become innovation enablers in the Insurtech space

Key Signals in Insurance

Centre Setup and Expansion
Milliman announces the opening of the Bermuda office 
A new office opening formalizes Milliman’s presence in the vital insurance domicile. Milliman’s expertise has long been relied upon by companies operating in Bermuda and global clients with interests on the island. Read More>>
Enstar in US casualty LPT deal with Argo 
The company has announced that it has entered a significant loss portfolio transfer deal with specialty insurance underwriter Argo Group International Holdings. Under the terms of the LPT, Enstar will reinsure several Argos direct U.S. casualty insurance portfolios, including construction, relating to accident years 2011 to 2019. Read More>>
Lemonade partners with tech provider for auto insurance 
Mitchell, a technology and information provider for the property-casualty claims and collision repair industries, has selected its claims workflow, automation, and total loss products to support Lemonade Car, the insurer’s latest product offering. Read More>>
AXA selects Cognizant for digital transformation 
The French Insurance company has entered a multi-year partnership with NASDAQ-listed IT consultancy Cognizant to support and modernize the IT operations of the insurer’s UK and Irish businesses. As part of the agreement, Cognizant will operate, streamline, and transform the insurer’s legacy technology into a digitally enabled and agile IT environment. Read More>>
Swiss Re to drive InsurTech innovation with T-Hub 
Swiss Re and T-Hub will drive innovation in the InsurTech space. The partnership involves Swiss Re’s analytics and innovation hub in India, Swiss Re Global Business Solutions India. They will work to discover innovative technologies and trends to develop new business models and products and adopt open innovation strategies. Read More>>
Merger and Acquisition
Arthur J. Gallagher & Co. acquires Evergreen Insurance Managers Inc. 
The company announced that it had acquired Hillsboro, Oregon-based Evergreen Insurance Managers Inc. The terms of the transaction were not disclosed. Founded in 2006, Evergreen Insurance Managers is a wholesale insurance broker and managing general agency offering commercial insurance solutions for various industries. Read More>>
Truist Insurance Holdings to acquire BenefitMall 
Truist signed a definitive agreement to acquire BenefitMall, a general agency broker services, from funds managed by global investment firm Carlyle. The transaction will add approximately USD 150 Mn of annual revenue to Truist Insurance Holdings’ wholesale division. With this acquisition, CRC Group will provide the broadest selection of products and services from a wholesale broker. Read More>>
Executive Movement
Argo Group appoints Jessica Snyder as President, U.S. Insurance 
The company announced Jessica Snyder had been appointed to serve as president of U.S. insurance, effective immediately. With almost 30 years of industry experience, Snyder joins Argo from GuideOne Insurance, where she most recently served as its president and a chief executive officer from 2017 through 2022. Read More>>
Berkshire Hathaway Specialty launches E&P Lines in Switzerland, appoints Head 
Berkshire Hathway Specialty launched Executive & Professional (E&P) Lines coverage in Switzerland, naming Christoph Kammermann as Head. Metzger was appointed Country Manager in the newly opened Zurich office after BHSI entered the Swiss market in July of this year. Read More>>
Crum & Forster promotes Nick Cook to Chief Risk Officer 
The company announced that Nick Cook had been named to the newly created position of Chief Risk Officer, reporting to Marc Adee, Chairman, and CEO. In this newly formed role, Cook will lead claim audit and claim litigation management and oversee catastrophe modeling and the ceded reinsurance function. Read More>>

Latest Industry Insights from Draup Braindesk

  • Covea Insurance plc focuses on introducing a life product that streamlines and accelerates the application process for life insurance, cutting the usually drawn-out procedure down to minutes. 
  • Covea Insurance plc aims to attract and engage clients in new ways by educating and empowering them about the benefits of planning. 
  • Covea Insurance plc intends to make it easier for clients to obtain manufacturer-branded vehicle insurance while buying a new and used automobile from one of the 16 manufacturers. 
  • Halifax, United Kingdom, serves as the key location, and Application Development and Maintenance is the key outsourced segment. Qualitest is the key strategic outsourcing partner for Covea Insurance plc. 

Startup Spotlight

Company – Cachet
Total Funding – USD 7.59 Mn
About: Cachet aims to create a better, healthier platform economy. It gives gig workers [in ride-hailing] a single insurance policy across platforms that are priced, personalized, and easy to use. With services that help platform workers reduce their costs, improve their net earnings, and feel empowered in their lifestyle. Read More>>

Latest Reports Published in Draup

Hawaii Medical Service Association Account Intelligence Report 
Hawaii Medical Service Association provides employee benefits through vaccinations to ensure the safety and security of its workplaces, workforce, and members. It includes health plans and programs to support customers using telehealth services. Read More>>
The Allstate Corporation Account Intelligence Report 
Allstate enhances its digital capabilities across its product portfolio, solutions, and services to accelerate the digital transformation journey. By utilizing the National General platform, Allstate Corporation grows personal liability insurance. Read More>>
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