Breaking News
Verily and Swiss Re Broaden Strategic Relationship
Verily and Swiss Re today announced they have closed a transaction whereby Swiss Re exchanged its investment in Granular Insurance Company (“Granular”) for an equity stake in Verily. Granular is now wholly-owned by Verily.
“During our two-year relationship, we’ve been able to show Swiss Re our vision for how Verily can impact precision health,” said Andy Conrad, Chief Executive Officer, Chairman, and Founder of Verily. “We welcome Swiss Re and their expertise to our group of investors who see the potential of Verily to impact the larger healthcare ecosystem.”
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer and solutions. In 2020, it made a minority investment in Granular, an insurer that provides self-funded employers with a data-based approach to help them manage risks, costs and achieve better outcomes. Swiss Re will no longer be a direct shareholder in Granular, nor directly involved in its operations. Both Granular and Swiss Re remain independently committed to the Employer Stop Loss segment in the United States.
“We are pleased to broaden our strategic relationship with Verily,” said Christian Mumenthaler, Chief Executive Officer of Swiss Re. “Our positive experience collaborating with Verily over the last two years has given us confidence in expanding the relationship towards potential new areas of innovation in the life and health space.”
People In This Post
- Cytora and Quarticle Partner to Embed Cloud-Native GeoIntelligence into Commercial Insurance Workflows Read more
- Integrity Viking Funds Modernizes Investment Accounting Infrastructure with FIS Investment Accounting Manager Read more
- The True Cost of Fixed Income E-Trading: Transparency, Margins and Market Structure Read more
- KAST Appoints Former Binance Global Communications Leader Brad Jaffe as Chief Communications Officer Read more
- Karby Leggett Appointed Head of Digital Assets for GCNA, South Asia and ASEAN Read more
Cytora and Quarticle Partner to Embed Cloud-Native GeoIntelligence into Commercial Insurance Workflows
Cytora, the digital risk processing platform, has announced a strategic partnership with Quarticle, a provider of cloud-native geointelligence solutions for the insurance industry.
Five-Year Renewal of Collaboration between Shift Technology and AXA to Accelerate AI-Powered Insurance Transformation
Shift Technology announced the renewal of their strategic partnership agreement for five years with AXA reinforcing a long-term collaboration that now spans 15 countries across Europe, Asia, and Latin America
Bold Penguin Expands Coverage Options With Foxquilt
Bold Penguin recently announced a partnership with Foxquilt, expanding admitted commercial general liability coverage options for agents
Asia-Pacific Consumers Expect Cyber Threats but Overrate Their Online Safety, bolttech Finds
bolttech released new research examining the cyber protection gap across Asia-Pacific’s emerging and developed markets
OneShield Expands AI Hub Platform with Specialty Insurance Provider, Reinforcing AI-Native Strategy for the Insurance Industry
OneShield announced that a Michigan-based specialty insurance provider has selected the OneShield AI Hub platform to power its next-generation insurance operations
BirdsEyeView Launches ‘AI Data Scrubbing’ for Large-Scale Hazard Modelling
BirdsEyeView announces the launch of AI Data Scrubbing, a new capability designed to automate SOV data cleaning and geolocation
CIBC Innovation Banking Provides Growth Capital to Gradient AI
CIBC Innovation Banking announced that it has provided growth capital financing to Gradient AI to support Gradient’s growth plans
Cytora and Quarticle Partner to Embed Cloud-Native GeoIntelligence into Commercial Insurance Workflows
Cytora, the digital risk processing platform, has announced a strategic partnership with Quarticle, a provider of cloud-native geointelligence solutions for the insurance industry.
Integrity Viking Funds Modernizes Investment Accounting Infrastructure with FIS Investment Accounting Manager
Global financial technology leader FIS® today announced that Integrity Viking Funds has selected FIS Investment Accounting Manager to modernize its investment accounting infrastructure. The partnership demonstrates FIS’ ability to deliver enterprise-grade technology to handle increasingly complex investment strategies without prohibitive costs or operational complexity to assets managers of all sizes.
The True Cost of Fixed Income E-Trading: Transparency, Margins and Market Structure
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
KAST Appoints Former Binance Global Communications Leader Brad Jaffe as Chief Communications Officer
KAST, the global platform built on stablecoin rails, announced today that Brad Jaffe, who led global communications at cryptocurrency exchange Binance for more than three years during a period of rapid global growth and regulatory evolution, has joined the company as Chief Communications Officer.
Karby Leggett Appointed Head of Digital Assets for GCNA, South Asia and ASEAN
We are pleased to share that Karby Leggett has been appointed Head of Digital Assets for Greater China North Asia, South Asia and ASEAN within the Digital Assets Centre of Excellence. This comes in addition to his current role as Global Head of the Official Institutions Group as part of the Bank’s Global Research team.
Broadridge Appoints Allen Weinberg as Chief Growth and Strategy Officer
Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, is pleased to announce the appointment of Allen Weinberg as Chief Growth and Strategy Officer, effective immediately. In this newly created role, Weinberg will work closely with the leadership team to implement Broadridge’s strategic priorities focused on accelerating sustainable growth, enhancing profitability, and strengthening competitive differentiation. He will also help identify and evaluate new markets and product opportunities, ensuring the company’s strategy remains aligned with the industry’s rapidly changing landscape. Weinberg will join Broadridge’s Executive Leadership Team and report directly to Broadridge Chief Executive Officer Tim Gokey.
Apex Fintech Solutions and Wavvest Announce Strategic Partnership to Deliver AI-Powered Financial Planning
Apex Fintech Solutions, Inc. (“Apex”), an innovation launchpad for the global investing ecosystem, and Wavvest, the AI engine automating professional financial planning, today announced a strategic partnership to deliver AI-powered financial planning capabilities to Apex clients. The collaboration will integrate Wavvest's planning technology with Apex's custodial data infrastructure, expanding Apex's AI Suite — a comprehensive package of AI-powered tools spanning advisor productivity and platform development capabilities, including Ask Ascend for intelligent coding and documentation support and the Agentic Development Kit for rapid integration development and prototyping.