Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company. Guidewire will pay approximately $275 million in cash and stock. Cyence applies data science and …
Berkley Re Direct Renamed Berkley Re Solutions Berkley Re Direct announced today that it has changed its name to Berkley Re Solutions. On the evolution of the operating unit’s name. The culture at Berkley Re Solutions encourages all employees to …
AIG Announces Changes to its Organizational Structure American International Group, Inc. announced it’s plan to make changes to its organizational structure. The company will no longer have Commercial and Consumer segments, and will transition to: General Insurance, led by Peter …
State Auto Insurance Group Announces Review of Strategic Alternatives for Its E&S Business The State Auto Insurance Group (State Auto) announced it is undertaking a review of strategic alternatives for its Excess and Surplus (E&S) Lines business, including a possible …
KCC Releases RiskInsight-lite Live Cat Model Catastrophe modeling firm Karen Clark & Company (KCC) announced the release of RiskInsight-lite, a new modeling platform that enables (re)insurers to track their claims and losses in real time from live hurricanes as well …
Rockford Systems, The Master Lock Company Form Strategic Partnership to Accelerate Safety Adoption in Manufacturing Facilities Rockford Systems LLC and The Master Lock Company announced a new joint initiative designed to accelerate the adoption of safety technologies throughout the North …
Grange Insurance Introduces 36-Month Policy Option for Businesses Ohio-based Grange Insurance launched a new 36-month commercial insurance package policy. The 36-month package policy gives commercial policyholders that qualify the opportunity to have consistent, stable rates, terms and conditions for 36 …
LexisNexis Introduces New Multi-language Telematics Capability Atlanta-based Lexis Nexis Risk Solutions now includes multi-language capability in its telematics platform. This development can improve speed to market in each territory while providing the benefits of a consistent platform across different geographical …
Verisk Analytics to Acquire G2 Web Services Verisk Analytics, Inc., a data analytics provider, has signed a definitive agreement to acquire Wash.-based G2 Web Services, an industry-leading provider of merchant risk intelligence solutions for acquirers, commercial banks, and other payment …
Chubb Launches Dedicated Multi-line Practice Focused on Large Transportation Clients in North America Chubb launched a multi-line industry practice within its Major Accounts division, dedicated to providing innovative insurance products, industry-leading service and risk management solutions for best-in-class large risk …