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News
Square Insurance Brokers appoints Kapil Baraya to lead corporate lines
2+ day, 21+ hour ago (253+ words) Square Insurance Brokers has appointed Kapil Baraya as Head of Department, Corporate & Commercial Lines. He will lead the company’s corporate and commercial insurance business while also overseeing its life insurance operations. Baraya will be responsible for client relationships and business…...
Aon to acquire USI Insurance Services from KKR for $17 bn
1+ week, 1+ day ago (588+ words) Aon has agreed to acquire USI Insurance Services from KKR and its co-investors for $17 bn in cash. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions. USI provides property and…...
Tokio Marine invests in insurtech Kita to expand carbon insurance business
2+ week, 3+ day ago (460+ words) UK carbon insurtech company Kita has secured an undisclosed strategic investment from Tokio Marine Group and expanded its commercial partnership with the Japanese insurer. The investment was made through Tokio Marine & Nichido Fire Insurance Co. or TMNF. The deal builds…...
Alliant to acquire Nava Benefits and expand AI employee benefits
2+ week, 3+ day ago (615+ words) Alliant Insurance Services has agreed to acquire Nava Benefits, adding its AI-native employee benefits platform to Alliant’s national brokerage business. Financial terms of the transaction weren’t disclosed. The deal combines Alliant’s advisory services, analytics and insurance expertise with Nava’s HQ…...
WTW sues Lockton over alleged raid on construction insurance team
2+ week, 4+ day ago (454+ words) Insurance broker Willis Towers Watson has sued rival Lockton Companies and 18 former employees over what WTW describes as a coordinated raid on its Northeast construction insurance business. According to a complaint filed in Superior Court in Boston, 18 members of WTW’s…...
New US-Canada Tariffs Raise Claims Costs and Insurance Exposures
2+ week, 4+ day ago (1325+ words) The collapse of US-Canada trade negotiations has changed the cost outlook for insurers and companies with cross-border operations. Days after talks raised expectations for lower tariffs, the US proceeded with 50% duties on roughly $20 bn of Canadian goods. Canada plans retaliatory…...