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
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 platform is
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 Fitch’s
Accredited Insurance Holdings has announced the appointment of Barbara Bufkin and Patricia Roufca as Non-Executive Directors to its Group Board. Bufkin brings with her an extensive career that spans executive roles in reinsurance, specialty insurance, and wholesale distribution. Notable tenures
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 existing
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 largest
