Insurance DECODED
Latest edition: 10 May 2024
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Spotlight
Aurora partners AXA to launch new management liability policy
UK-based digital commercial insurance platform Aurora has partnered with insurance major AXA to launch a new MLP.
Latest news
American Coastal to sell insurance subsidiary to Forza Insurance
American Coastal Insurance has signed definitive agreements to sell its subsidiary, Interboro Insurance, to Forza Insurance Holdings.
Mosaic introduces professional liability suite for specialist engineers
Specialty insurer Mosaic Insurance has announced the launch of a professional liability insurance suite tailored to specialist engineers.
Insurtech company CoverTree secures $13m funding in Series A round
CoverTree, a US-based insurtech company focused on manufactured home insurance, has raised $13m in its Series A funding round.
Canada Life finishes £100m Rathbones buy-in
Canada Life has finalised a £100m ($125m) bulk purchase annuity buy-in transaction with the Rathbone Group 1987 Pension Scheme and the Laurence Keen Retirement Benefits Scheme.
UK brokerJMG expands with Hamilton Robertson acquisition
Greenwood Moreland, a division of UK insurance broker JMG Group, has acquired Hamilton Robertson Insurance Brokers (HRIB) for an undisclosed sum.
WTW enhances global cyber facility
Global advisory, broking and solutions firm WTW has made strategic enhancements to its global cyber facility.
UK startup well positioned to target the rise of Generation Rent
Generation Rent is a key trend in the insurance industry, and insurers will have to be proactive in how they sell household insurance to renters. GlobalData findings show that penetration rates for all types of household insurance are much lower for renters than homeowners. In addition, a first house purchase is a key trigger for purchasing home insurance. One insurer looking to address this is Urban Jungle, a digital insurer that targets renters and younger generations with specific renters’ insurance policies.
In our previous edition
Insurance Decoded
Unum partners with Nationwide to offer pet insurance cover
09 May 2024
Insurance Decoded
AI-powered insurance solutions provider Simplifai garners funding
08 May 2024
Insurance Decoded
Zurich Malaysia signs bancassurance partnership with GXBank
07 May 2024
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