ACORD finds majority of insurance M&A deals create shareholder value amid strategic shift

ACORD, a standards-setting organization serving the insurance industry, has released an updated version of the report Carrier M&A: Drivers, Impact and Outcomes, A detailed review of consolidation trends across the industry. The publication assesses today’s drivers of insurance company acquisitions and considers their impact on business models, technology alignment and investor returns. Based on its…

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Sixfold integrates with Munich Re’s Realytix Zero to automate underwriting workflow

Artificial intelligence underwriting company Sixfold has partnered with Munich Re to integrate its technology into the reinsurer’s cloud-based automated underwriting platform, Realytix Zero. The integration, now live, enables Realytix Zero users to incorporate Sixfold’s submission risk analysis directly into their products. This creates a complete, AI-driven workflow within the Realytix Zero platform, allowing insurers to…

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Arch Insurance promotes Fernández and Losada to Heads of Cyber for Europe & Iberia

Arch Insurance, a subsidiary of Bermuda-based reinsurer/insurer Arch Capital Group, has promoted Jose Carlos Jiménez Fernández to Head of European Networks for Arch Insurance (EU) dac (AIEU) and Rafael Ortiz Losada to Head of Iberian Networks, effective immediately. Sergio Pierro remains as Head of Networks France, responsible for executing the strategic development of the Nordic…

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Kevin Rampe appointed Global Claims Officer at Chubb

Kevin Rampe has been named Chubb Group senior vice president and global claims officer, effective immediately, with responsibility for global claims management while retaining his responsibilities as head of claims for North America. In his expanded role, the executive will lead the company’s claims organization around the world and be responsible for all aspects of…

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Willis Re adds William Morritt to its broking team

Willis Re, the reinsurance advisory and brokerage joint venture between Bain Capital (BCIS) and WTW, has appointed William ‘Bill’ Morritt to its brokerage team. Morritt began his career with Alexander Howden and has more than four decades of experience in the aviation reinsurance industry. Most recently, he was with Guy Carpenter, the reinsurance brokerage of…

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