Breaking News
Zurich to Sell Russian Business to Local Team and Exit Market
Zurich Insurance Group (Zurich) has agreed to sell its business in Russia to 11 members of the unit’s team.
Under its new owners, the business will operate independently under a different brand, while Zurich will no longer conduct business operations in Russia. The transaction will allow the new company to retain a professional team with accumulated insurance expertise and to continue serving the Russian market. The sale of Joint Stock Company Insurance Company “Zurich” (Zurich Russia) is subject to approval of the relevant regulatory authorities.
Zurich Russia is a property and casualty insurer with about 0.3% of the Russian non-life insurance market. Its main business has been supporting the activities in Russia of Zurich’s international customers. In 2021, Zurich Russia had gross written premiums of approximately USD 34 million, including USD 3 million from domestic customers.
Companies In This Post
- FreedomPay Drives Global Merchant Innovation Read more
- FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences Read more
- Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure Read more
- Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds Read more
- Ipswich Town Selects IFX Payments as an Elite Partner Read more
Gradient AI Partners with Connexure to Streamline Risk Management Workflows for Carriers and MGUs
Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced a partnership with Connexure, a leading provider of quoting, underwriting and administrative software for the self-funded market.
MAPFRE is the Largest Multinational Insurance Company in Latin America
MAPFRE is the leading multinational insurance group operating in Latin America, with $10.932 billion in premiums, $133 million more than the previous year, and a market share of 5.1%.
Solvrays and Penn River Partner to Transform Life & Annuities Back-Office Operations Through AI-Driven Orchestration
Solvrays, a leader in AI-powered workflow orchestration for insurance operations, today announced a strategic partnership with Penn River, a cloud-native life and annuities policy administration platform. Together, the two companies will help carriers eliminate back-office friction and accelerate key functions such as correspondence generation through intelligent automation.
DXC Launches Assure Broking Essentials: AI-Powered SaaS for Small and Mid-Sized Insurance Brokers
DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced the launch of Assure Broking Essentials, an AI-powered, multi-tenant SaaS solution designed to simplify operations, accelerate transformation, and deliver superior customer service for small and mid-sized insurance brokers.
Kalepa and SECURA Insurance Announce AI Underwriting Partnership
Kalepa, the leader in AI underwriting software for commercial and specialty insurance, is proud to announce a new partnership with SECURA Insurance, a respected mutual insurer with a 125-year legacy of making insurance genuine and putting people and communities first.
Leading UK Insurtech Zego Extends Partnership with Clearspeed
Leading insurtech company Zego has renewed its partnership with Clearspeed, the global leader in voice-based risk assessment. The renewal underscores how two of the most innovative names in insurtech are working together to advance Zego’s award-winning claims management, with expanded applications across the motor insurance landscape.
Ex-Crystal & Co. CFO Launches Venture Fund to Modernize Insurance
Jonathan Crystal, a longtime insurance operator turned solo GP, today announced the close of Crystal Venture Partners $33 million Fund I. The firm brings deep domain expertise and high-conviction capital to back founders building the technology that powers insurance, risk, and resilience.
FreedomPay Drives Global Merchant Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
FIS® announced a strategic partnership with Glia to deliver advanced AI-powered customer engagement capabilities across FIS' Digital One suite
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
Global retailers are accelerating their multi-acquirer strategies to stay ahead, according to a new survey conducted by ACI Worldwide
Ipswich Town Selects IFX Payments as an Elite Partner
Ipswich Town Football Club has selected IFX Payments as an Elite Partner of the club
Cake Wallet Integrates xStocks, Letting Users Invest in Stocks Using Crypto.
Cake Wallet, an open-source, privacy-focused crypto wallet, today announced the integration of xStocks, a new feature that allows users to invest in tokenized stocks and ETFs directly through Web3 self-custody.
Routefusion Secures $26.5 Million Series A to Expand its Global Payments Network
Routefusion, a financial infrastructure provider enabling platforms and financial institutions to embed seamless cross-border payments and multi-currency account capabilities, today announced the close of a $26.5 million Series A funding round. The round was led by PeakSpan Capital, with participation from Silverton Partners, bringing the company’s total funding to $40.7 million.