Business News and Mergers News

Business News: DSA Re, PEAK6, CoreLogic

AIG and The Carlyle Group Announce Strategic Partnership with DSA Re American International Group and The Carlyle Group announced a strategic partnership to build DSA Re into a standalone provider of reinsurance, claims handling and run-off management solutions for long-dated, …

Business News: Betterview, ASSI, DUAL Commercial

Betterview Launches New AI Driven Roof Report to Immediately Identify Roof Condition & Characteristics Betterview announced the release of Property Profile, which uses satellite & aerial imagery, along with a growing number of other data attributes like historical weather, to …

Business News: SCM Insurance Services, WhitePages Pro, Tower Hill Prime

SCM Continues U.S. Expansion With Affirmative Risk Management Acquisition SCM Insurance Services, Canada’s largest independent, privately owned insurance services provider, announced that it has acquired Affirmative Risk Management (ARM). ARM was founded more than 30 years ago and remains headquartered …

Business News: Philadelphia Insurance Companies, QBE, OneWorld Instech

Philadelphia Insurance Companies Offers Option for Pool Contractors Market Philadelphia Insurance Companies’ (PHLY) new Pool and Spa Contractors Program is designed to handle the unique insurance risks of pool and spa contractors so they can focus on paving the way …

Business News: Understory, EFI Global, Shift Technology

Understory Receives Patent to Manufacture Cost-Effective Weather Stations Understory, the weather network and analytics company, announced it received a patent for its cost-effective method of manufacturing weather stations. On the heels of its mechanical strain-based weather sensor patent, this secondary …

Business News: Mitchell, Willis Towers Watson, GlobalPro Recovery

Mitchell Announces Strategic Integration Agreement With AirPro Diagnostics Mitchell International, Inc., a technology, connectivity and information provider to the property/casualty claims and collision repair industries, announced a strategic integration and joint marketing agreement with AirPro Diagnostics, LLC. to integrate AirPro’s …

Business News: AF Group, Verisk, Understory

AF Group Expands Into Commercial Auto AF Group announced its expansion into commercial auto insurance with the launch of Fundamental Underwriters, a new product aimed at providing superior insurance coverage for accounts with specialty risks. Fundamental Underwriters is a managing …

Business News: Mutual Re, StrategicClaim, Think Geohazards

Mutual Reinsurance Bureau Announces Name Change to Mutual Re Mutual Reinsurance Bureau, a joint reinsurance association, has announced a name change to Mutual Re. While the official name will remain the same for legal documents such as Interests & Liabilities, …

Business News: Lloyd’s Lab, SUNZ Holdings, USI Affinity

Lloyd’s Lab Begins Global Search for Tech Talent Lloyd’s Lab has launched a global search for tech talent to partner with the Lloyd’s market and develop solutions for its unique and rapidly changing needs, in a fast-track, fast-fail environment. For …

Allianz Keeps Market Guessing With Acquisition Possibilities

A $94 billion financial behemoth is keeping the market on tenterhooks about its next move. Europe’s largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets as deal-hungry Chief Executive Officer Oliver Baete …