GlobalData reported on Australian and Japanese market trends, and said UK insurers will seek to benefit from open banking through partnerships post-COVID-19. The Association of British Insurers(ABI) reported UK insurers have paid £90m to help families cope with Coronavirus deaths. EIOPA published an updated Risk Dashboard, and Insurance Europe responded to the European Supervisory Authorities’(ESAs) joint consultation concerning ESG disclosures.
FINEOS acquired Limelight Health in the US, Gradient AI’s artificial intelligence solutions will be integrated with Sapiens’ core workers’ compensation offerings, and Vertafore was acquired by Roper Technologies. Whitespace, the fully digital e-trading platform for brokers and insurers celebrated its first anniversary-there are now 109 customers in three continents and monthly placements are measured in thousands. Willis Research Network(WRN) announced a new partnership with Metabiota, a specialist in infectious diseases modelling.
Arig reported half year results and is to go into run-off, Ascent is to partner with Prowriters to enhance US distribution reach, and Enstar Group announced an exchange agreement with Stone Point Capital. Allianz Benelux and Monument Re announced a closed book portfolio transaction, Randall & Quilter is to acquire Inceptum in run-off, and ILS Capital Management completed the first-ever securitisation of trapped capital. Ardonagh acquired specialist MGA Thames Underwriting. Second quarter and half year results included AIA Group, Ecclesiastical, and UNIQA.There were senior appointments at BMS.
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