UIA (Insurance) Ltd

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...

INSURANCE TECHNOLOGY

Farmers Insurance | September 21, 2021

Farmers Insurance® today announced plans to use a digitally controlled mobile robot to assist with in-field catastrophe claims handling and non-catastrophe property inspections, helping to improve the safety and efficiency of both while becoming one of the first national P&C insurers to deploy a robotic quadruped. Created by Boston Dynamics and customized for Farmers®, "Spot" will join claims personnel beginning as early as fall 2021 to help assess dama...

CORE INSURANCE

Sapiens | April 20, 2021

Sapiens Americas, a wholly-owned subsidiary of Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced today that Co-operative Insurance Companies, which provides insurance for farms, homes, automobiles, and businesses in Vermont and New Hampshire, has chosen Sapiens ReinsurancePro and FinancialPro solutions to transform its financial operations. Sapiens advanced insurance solutions are being implemented by Co-op to ...

K2, Homesite | January 27, 2020

K2 Insurance Services, a subsidiary of Aegis General Insurance Agency, has announced a strategic partnership with Homesite Underwriting Managers, the program business unit of Homesite Insurance Group. “Homesite’s record of success and innovative focus within the residential property market will allow Aegis General to continue our growth trajectory and industry-leading profitability within the manufactured-home and affordable-housing insurance sectors,” said Bob Kimmel, presiden...