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National Flood Services | May 06, 2020
NFS has emerged with a technology platform called Trident that enables end-to-end quoting, applications, policy management, and claims.
NFS launched Trident, which presents a stark contrast to how flood insurance has traditionally been quoted, sold and mana...
AXA XL | January 13, 2020
The activities surrounding the mega-merger of AXA and XL Group’s businesses are far from over. Today, AXA XL announced that it has now merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Company SE (XLICSE). This move was a follow-on from the acquisition of XL Group by AXA that was completed all the way back in September 2018. The ACS, AXA ART, and XLICSE merger has been approved by regulatory authorities, including the Central Bank of Ireland and the Irish High Court, and t...
Mercury Insurance | April 07, 2022
Today, Mercury Insurance announced that the company has made its usage-based insurance app, MercuryGO, available to drivers in Illinois to help improve driving skills and traffic safety. The app acts as a virtual driving coach, providing skill scores that give real-time feedback about driving behavior. Mercury auto insurance policyholders who enroll to use the app immediately receive a 5% participation discount and teen drivers will receive up to a 10% discount. Then, when MercuryGO customers re...
Arch Capital Group | February 25, 2020
Natixis SA agreed to sell most of its remaining stake in credit insurer Coface SA to Arch Capital Group in a 480 million-euro (US$521 million) deal that may allow the French lender to return more excess cash to shareholders. Arch Capital, a US specialty and mortgage insurer, will acquire 29.5% of Coface at 10.70 euros a share, Natixis said Tuesday. That’s a discount of 6% to Monday’s closing price. The French bank will keep its remaining 12.2% stake as a financial investment. Natixis...
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