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Insurance DECODED

Latest edition: 24 May 2024
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Spotlight

Arthur J Gallagher subsidiary acquires CCI Surety

US insurer Arthur J Gallagher, through its Risk Placement Services (RPS) division, has acquired CCI Surety for an undisclosed sum.

Latest news

Great Eastern hires EY to assess OCBC's $1bn offer

Great Eastern Holdings has engaged EY to evaluate OCBC's S$1.4bn ($1.03bn) acquisition offer, reported Bloomberg, citing sources.

Aflac teams up with Nayya to improve supplemental health claims

Supplemental health insurance provider Aflac has announced a partnership with Nayya to enhance the claims experience for employees.

HDI signs fronting partnership with Hallmark Financial in US

HDI Global Insurance Company has signed a multi-year fronting partnership with P&C insurer Hallmark Financial Services, set to commence on 1 June 2024.

Specialty insurer Bowhead raises $128m in US IPO

Bowhead Specialty Holdings, a specialty property and casualty insurer, has raised $128m in its oversubscribed IPO in the US.

Canopius appoints group chairman

Global specialty and P&C (re)insurer Canopius has chosen Andy Haste to be its group chairman from July 1 2024.

Telematic policies can not only boost driver safety but reduce premiums for UK SMEs

GlobalData’s findings show that only 32.6% of UK SMEs currently have a usage-based commercial vehicle policy, leaving a significant opportunity for insurers to tap into the remaining two-thirds of businesses. This is an area where insurtech Flock continues to tap into with its telematics offerings.

UK Bancassurance Distribution Dynamics

See essential insights into provider selection, so you can understand customers' preferred distribution channel for insurance purchases, banks, and their underwriting partners.