Sedgwick launches London-based Global Specialty platform

Sedgwick has launched a new global specialist platform, which the company describes as a forward-looking, purpose-built solution for managing the largest and most complex losses. Sedgwick said the new global specialist platform reflects its response to changing global claims trends, changing customer needs, commercial macroeconomic changes and its commitment to expanding services in London and…

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Beazley’s new Bermuda entity receives PCA from AM Best

AM Best has assigned a Preliminary Credit Assessment (PCA) to Beazley Bermuda Insurance Limited (BBIL), the new Bermuda-based entity of the London-based specialist insurance and reinsurance company. BBIL ​​has received the PCA Financial Strength Assessment (Excellent) and the PCA Long-Term Issuer Credit Assessment “a+” (Excellent), with a stable PCA Outlook. Readers may recall that in…

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Aon lifts Data Center Lifecycle Insurance Program to $2.5bn

Global insurance and reinsurance brokerage group Aon has expanded its proprietary Data Center Lifecycle Insurance Program (DCLP) by $1 billion, or 67%, taking total capacity to $2.5 billion, driven by increased investment in cloud computing, artificial intelligence (AI) and digital infrastructure. Aon last year launched a proprietary multi-line insurance facility with up to $1.5 billion…

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United Risk to acquire DUAL North America’s Crisis Management Program

Hayden Smith, CEO of United Risk, an international property and casualty insurance underwriting and distribution platform, announced that the company has signed an agreement to acquire DUAL North America’s crisis management program and underwriting team. Once acquired, the division will be renamed First Product Protection and will operate as a separate division within United Risk,…

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Coface appoints Alix McCabe as Chief Strategy Officer, NA

Coface, a provider of credit insurance and risk management solutions, announced the appointment of Alix McCabe as Chief Strategy Officer for North America. In her new role, McCabe will guide strategy and growth initiatives across markets, products and people. Coface said McCabe’s appointment will play a key role in enhancing the customer experience, strengthening solutions…

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BirdsEyeView secures funding to accelerate expansion and product development

Insurtech BirdsEyeView has announced it has secured an undisclosed seven-figure investment to support continued international expansion and development of its wildfire model. With support from the European Space Agency, BirdsEyeView provides global multi-hazard natural hazard modeling and risk management software to reinsurers, MGAs and brokers. Its platform combines high-resolution satellite data with advanced artificial intelligence…

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