Property and Casualty Insurance News
July 2021: Aon and Willis, the world's second and third-biggest commercial property and casualty brokerage, terminated their USD 30 billion combination agreement. The proposed agreement was initially announced in March of 2020.
June 2021: Accelerant Holdings entered the Canadian market with a share purchase agreement that includes the parent company of Toronto-based Omega General Insurance Company. Accelerant will acquire from Till Omega Insurance Holdings, Inc. (OIH) and its two Toronto-based wholly-owned subsidiaries. Those subsidiaries include property and casualty insurance carrier Omega General Insurance Company and Focus Group Inc., a consulting and projecting management business that services local and international P&C insurance clients. Omega General offers customized insurance solutions within the Canadian marketplace, including fronting and run-off services for insurers/reinsurers.
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- August 2023: Wysa Assure, an artificial intelligence (AI)-driven mental health support app, was developed in collaboration with Swiss Re. The app combines Swiss Re's risk expertise and in-house scoring system with Wysa's AI-enabled mental health solutions, providing support to insurers and their clients. Similar partnerships may be explored in other markets.
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- January 2023: Dubai National Insurance (DNI), an Insurance company in the UAE, has entered into a strategic partnership with Takalam, a UAE-based online counseling platform for mental well-being. With this partnership, individuals, as part of their DNI package, will be offered private and easy access to mental health professionals, tools, and solutions.
- December 2022: Turtlefin, the insurtech platform, announced a partnership with The Continental Group, one of the UAE’s insurance intermediaries and financial services solutions providers. The company was expected to provide its software-as-a-service platform modules, enabling The Continental Group’s distribution teams to access relevant information and customize proposals for their clients seamlessly.
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