The financial landscape of the insurance distribution sector has seen a notable development as B.P. Marsh & Partners recently dedicated a substantial investment of $12.6 million into XPT Group. This significant funding package includes both an equity purchase and a new loan facility,
Everest Insurance is taking a significant step forward in its international expansion by establishing its presence in the Italian market with the launch of Everest Insurance (Ireland) DAC, Succursale Italiana, headquartered in Milan. This move highlights Everest's dedication to strengthening
In a significant move aimed at bolstering climate risk management across various sectors, Zurich Insurance Group's Zurich Resilience Solutions division has launched Climate Spotlight, a comprehensive digital tool for businesses, municipalities, and public entities. The newly introduced
In an industry traditionally known for its cautious and risk-averse nature, the growing influence of data and technology is undeniably transformative. According to Sierra Signorelli, CEO of Commercial Insurance at Zurich, leveraging advanced data analytics and technology is becoming essential in
In a significant shift within the insurance industry, B.P. Marsh & Partners Plc has sold Lilley Plummer Holdings Limited, the owner of Lloyd’s broker Lilley Plummer Risks (LPR), to Clear London Markets Limited. Clear, a company majority-owned by Goldman Sachs, considers this acquisition its l
The collaboration between MIJS Captive Management, LLC, and International Re (I-RE) aims to revolutionize the insurance landscape for mid-market companies by offering bespoke commercial property and casualty (P&C) insurance solutions. Established within the legal services provider Moore Ingram
In the first nine months of 2024, global broking group Aon has reported that the insurance industry faced substantial losses from natural catastrophes, amounting to an estimated $102 billion. Compared to the previous year's $88 billion, this represents a notable increase. With the impact of
Monark Markets has recently secured $2.2 million in seed funding to bolster private market access through traditional brokerage and wealth platforms. Led by Garuda Ventures and supported by K50 Ventures, Grit Capital Partners, Niche Capital, and influential angel investors such as Sydecar CEO Nik
In a strategic move reflecting its commitment to innovation and global growth, OneDegree Group, a firm specializing in cybersecurity and insurance technology, has rebranded to AIFT. Originally launched in 2016 as AI Financial Technology, the company initially branded its insurance division as
Financeit Canada has announced a significant enhancement of its Securitization Warehouse facility by partnering with Goldman Sachs. This strategic collaboration increases the facility’s capacity by C$200 million, raising the total to C$700 million. The boost is instrumental in elevating Financeit’s
