VERMEG and LUXHUB partner to allow banks and insurance companies collect and process custodian data
Key Signals in Insurance
Merger and Acquisition NFP acquires Tailored Finance Limited, Dublin-based health and life insurance advisors The company has also acquired HMP Insurance and Pension Advisors, Aiken Insurance Limited, ReSure Corporate Brokers, and Simon Shirley Advisors. Acquiring Tailored Finance’s boutique business is significant for their growth in Ireland, and they are thrilled to welcome Jeremy and his team to NFP. Read More>> Arthur J. Gallagher expands in California with a buyout Arthur acquired Bulen & Associates Insurance Services, Inc. Adding Bulen & Associates to Arthur J. Gallagher’s portfolio provides the latter with better growth opportunities to increase its existing capabilities in the property and casualty insurance space and reinforce its presence in southern California. Read More>>Partnership Banking and insurance software firm VERMEG partners with open finance provider LUXHUB VERMEG and open finance pioneer LUXHUB are partnering around collecting and processing custodian data available to insurance companies. Custodix Hub facilitates the flows and financial data exchanges between custodian banks and insurance companies through the combined tech expertise and industry knowledge of both partners. Read More>>Executive Movements Tysers Insurance Brokers names new non-executive chair Andrew is a highly regarded leader in the Lloyds, London Market, and European insurance industry and brings strong knowledge, expertise, and relationships in the London Wholesale Insurance market. His industry experience and understanding of the regulatory environment are highly valued and will add further depth to the Tysers board. Read More>> Allstate announces Christine DeBiase to join as Chief Legal Officer Christine DeBiase will join Allstate as Executive Vice President, Chief Legal Officer, General Counsel, and Corporate Secretary. Debiase brings more than 25 years of experience in the insurance industry and legal experience. Read More>> Convex hires former AXA XL Bermuda reinsurance chief Convex named former AXA XL executive Paul Simons as deputy CEO of its reinsurance operations. Bermuda-based Mr. Simons spent more than 20 years at Axa XL and its predecessor companies, rising to CEO of Bermuda reinsurance. Read More>>Financial and Market Activity John Hancock premium dividend fund to issue a monthly dividend of USD 0.10 The company announced a monthly dividend on December 2nd. The company has decreased its dividend by an average of 2.9% per year over the last three years. John Hancock premium dividend fund has a twelve-month low of USD 12.80 and a twelve-month high of USD 17.69. Read More>> Looking into Proassurance’s return on capital employed The company’s earnings fell to a loss of USD 9.12 Mn, resulting in a 450.03% decrease from the last quarter. Proassurance collected USD 247.27 Mn in revenue during Q2 but reported earnings showed a USD 1.66 Mn loss. Read More>>
Latest Industry Insights from Draup Braindesk
Customer Support Solutions
Chubb focuses on increasing customer support to facilitate ease of business platforms, develop new customers, and identify and assess customer needs to achieve satisfaction for employee health benefits decisions.
Chubb is keen to strengthen its customer experience and become an important competitive differentiator in the insurance industry to establish relationships between insurers and customers’ demands during each customer journey phase.
Risk Management Solutions
Chubb is keen to develop a Risk Management platform that helps to enhance risk management, data analytics, and superior claims service with AI-based customer behavioral science to complement prevention, protection, and purpose solutions.
Chubb is eager to develop the process of identifying, assessing, and controlling threats to an organization’s capital and earnings to enhance and empower a business with the necessary tools adequately identify and deal with potential risks.
Funding Alert
RE increases capital by EUR 250 Mn (USD 257.8 Mn) to boost growth
RE will raise the company’s capital to reinforce MAPFRE RE’s balance sheet to offer greater reinsurance capacity to its clients in the market and greater flexibility to structure its reinsurance protections, thereby optimizing underwriting risk at a time when rising demand for coverage is driving rates upward. Read More>>
Startup Spotlight
Company – Stubben Edge Total Funding – USD 12.89 Mn About: Stubben Edge is a technology-based financial services group that enables intermediaries and their clients to make easy decisions about their risks. Its two businesses include Lucid UX, which tailors software, data, and analytics solutions for clients across multiple regulated sectors. Read More>>
Latest Reports Published in Draup
Tokio Marine Holdings Account Intelligence Report
Tokio Marine enhances insurance processes by automating risk modeling using proprietary ML technology that helps to increase efficiency and speed-to-insights for faster data discovery and evaluation and advanced predictive modeling capabilities. Read More>>
Providence Health & Services – Account Intelligence Report
Providence is committed to high-quality, easily available healthcare for everyone at minimum cost with easily accessible service across the US. With the cancer intelligence platform, Providence medical expertise study on patient disease using predictive data analytics to provide a proper diagnosis. Read More>>
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