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Insurance DECODED

Latest edition: 08 May 2024
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Spotlight

AI-powered insurance solutions provider Simplifai garners funding

Simplifai, a company that specialises in AI automation solutions for the insurance and banking sectors, has completed an investment round with Idékapital as the lead investor.

Latest news

Ardonagh enters $1.5bn deal to buy Australia's PSC Insurance

Independent insurance broker Ardonagh Group has reached an agreement to acquire Australia-based PSC Insurance Group, valuing its equity at A$2.25bn ($1.48bn).

Honeycomb Insurance raises $36m to enhance AI technology and reach

Honeycomb Insurance, a US-based digital property and casualty insurer covering landlords and condo associations, has raised $36m in its Series B funding round.

Truist concludes sale of US insurance unit to Stone Point and CD&R

Truist Financial Corporation (Truist) has completed the sale of its US insurance brokerage arm, Truist Insurance Holdings (TIH), to a consortium led by Stone Point Capital and Clayton, Dubilier & Rice (CD&R).

MPCH teams up with Canopius to offer insurance for crypto assets

MPCH, a cryptographic storage solutions provider, has entered a partnership with Canopius, a global specialty and property and casualty reinsurer, to offer digital asset custody insurance to its customers.

26North finalises $4.9bn reinsurance deal with National Life

Reinsurance partner 26North Reinsurance Holdings has completed a reinsurance deal worth $4.9bn with Life Insurance Company of the Southwest (LSW), a part of national Life Group.

Investor consortium acquires 85% stake in Filipino insurer MAAGAP

Triple P Capital, leading a consortium of global investors, has acquired an 85% stake in Philippines-based MAAGAP from MAA Group.

AXA XL introduces new cyber insurance endorsement for US public companies

AXA XL has introduced a new cyber insurance endorsement for public companies that are required to comply with the US SEC's new cyber incident reporting requirements.

Impact of Inflation on UK Insurance

This report provides an in-depth analysis of the UK’s economic situation and its impact on the insurance industry in 2023, examining changes in consumer behavior and identifying key opportunities.