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News
Artizent, Insurity team up on insurer modernisation work
5+ hour, 11+ min ago (209+ words) Artizent has formed a strategic partnership with Insurity to support insurers pursuing modernisation programmes and launching new capabilities more quickly. The tie-up is intended to help carriers, MGAs and brokers strengthen core operations and move transformation initiatives forward with greater…...
Willis, Kayna partner with Kwant on subcontractor insurance
4+ week, 4+ hour ago (262+ words) Willis, a Willis Towers Watson (WTW) business, and its embedded insurance infrastructure partner Kayna have partnered with construction workforce platform Kwant to introduce KwantSure. The programme is designed to give subcontractors access to insurance cover that may be needed for…...
Allianz in advanced negotiations to acquire Portugal’s Caravela – report
2+ mon, 5+ day ago (297+ words) The Lisbon-based company could be valued at around €150m ($172.78m), according to the report. Allianz is holding advanced discussions on a possible purchase of Portuguese insurer Caravela Seguros after making an approach for the business, according to the Jornal Económico. Sources privy…...
Tech-focused TPA Reserv raises $125m in Series C round
3+ mon, 1+ week ago (337+ words) Reserv, a tech-enabled third-party administrator (TPA), has raised $125m in a Series C funding round to enhance AI-powered insurance claims. The funding round was led by KKR, with existing backers Bain Capital Ventures and Flourish Ventures also taking part alongside selected…...
WTW profit climbs 27% in Q1 2026
3+ mon, 1+ week ago (449+ words) The insurer’s Q1 revenue increased by 8% to $2.41bn (£1.77bn), compared to $2.22bn in the same period last year. Willis Towers Watson (WTW) posted net income of $303m for the first quarter of 2026 (Q1 2026), a 27% increase from $239m in the same quarter a year earlier. Q1 revenue increased by…...
Trucordia expands into employee benefits with JJL&W purchase
3+ mon, 4+ week ago (264+ words) JJL&W offers employee benefits including dental, disability, life, medical, vision and voluntary cover. Trucordia has taken over the assets of JJL&W Insurance Consulting, an employee benefits broker based in Baton Rouge, Louisiana, US. JJL&W was set up…...
Acrisure completes acquisition of Vave
4+ mon, 1+ week ago (266+ words) US-based insurance company Acrisure has finalised its acquisition of Vave, a property-focused managing general agent (MGA), from Canopius Group. The financial details of the transaction were not disclosed. Vave will join Acrisure Underwriting, Acrisure’s MGA platform in the US insurance…...
Jio Financial targets 2026 launch for life, general insurance businesses
4+ mon, 2+ week ago (293+ words) Jio Financial Services (JFS) is looking to launch both general and life insurance businesses, with a start date targeted for 2026, according to the company’s CEO and managing director Hitesh Sethia. “We hope to start insurance manufacturing in 2026, subject to regulatory…...
Everest to sell Canadian retail insurance unit to Wawanesa
4+ mon, 2+ week ago (325+ words) Everest Group has entered into a definitive agreement to sell its Canadian retail insurance business, Everest Insurance Company of Canada (Everest Canada), to the Wawanesa Mutual Insurance Company (Wawanesa). The proposed disposal is part of Everest’s stated shift away from…...
Oakbridge Insurance announces leadership transition
4+ mon, 2+ week ago (316+ words) Current CEO Robbie Smith will take on the position of executive chairman, with CFO Matt James replacing him as chief executive. Oakbridge Insurance has announced a series of leadership changes scheduled to take effect on 1 July 2026. Robbie Smith, currently president…...