NatWest and Aviva's recent five-year partnership aims to significantly enhance the insurance offerings available to NatWest's customers, providing them with a wider array of protection services. This collaboration expands upon the existing relationship NatWest has with AIG Life, now
In a significant move aligning with its strategic goals, Aon has finalized a definitive agreement to acquire the insurance agency business of Mitsubishi Chemical Group (MCG), reinforcing its commitment to expanding its footprint in the Japanese market. This acquisition involves Dia Rix, MCG’s i
California Governor Gavin Newsom has recently signed into law two landmark bills, SB 1217 and SB 1233, aimed at reforming the pet insurance market and expanding access to veterinary services. These legislative measures promise to bring much-needed transparency and affordability to pet healthcare,
In an era where technological advancements are reshaping industries, the partnership between Fadata and FRISS introduces a groundbreaking approach to risk management and fraud detection in the insurance sector. The integration of Fadata's INSIS platform with FRISS's advanced compliance,
Fitch Ratings recently upgraded the Outlook for Assicurazioni Generali S.p.A. (Generali) and its core subsidiaries from Stable to Positive, reflecting Generali's reduced exposure to Italian sovereign bonds. This upgrade marks a crucial development for the insurer, coming on the heels of
The launch of WTW's ResQ Machine-led Reserving introduces a significant technological advancement designed to increase the precision and efficiency of property and casualty (P&C) loss reserving for insurers and reinsurers. This innovative tool leverages proprietary algorithms to enhance
Brown & Brown, one of the leading insurance brokerages, experienced remarkable financial growth during the third quarter of 2024, citing a significant increase in both net income and revenues. The company reported a net income of $234 million for Q3, which is a substantial 33% rise from the
The 66th edition of the Reinsurance News Monte Carlo Executive Roundtable, held during RVS in September 2024, provided a comprehensive discussion on the reinsurance market conditions leading up to the January 2025 renewals. Sponsored by BMS Re and PwC, the event highlighted the impressive
Markel, a division of the Markel Group, has announced the immediate appointment of Dena Furmanek as Senior Underwriter for Fine Art in North America. Based in the Chicago area, Furmanek will report directly to Kyle McGrath, the Head of US Fine Art. In her new role, Furmanek will be responsible for
Porch Group has announced a significant milestone after getting the green light from the Texas Department of Insurance (TDI) to set up Porch Insurance Reciprocal Exchange (PIRE), a new homeowners insurance reciprocal exchange in Texas. This decision is a strategic step aiming to enhance Porch
