TDI Daily Newswire - 05th January 2022

Published: Wed, 01/05/22

Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web.

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Cyber Insurtech Corvus Buys Lloyd’s Coverholder Tarian Underwriting

Corvus Insurance, the Boston-based, cyber-focused managing general agent, announced it has acquired Tarian Underwriting Ltd. from Beat Capital Partners Ltd. Tarian operates a cyber underwriting platform that provides cyber solutions and underwrites on behalf of a consortium of Lloyd’s syndicates.

INSURANCE JOURNAL

AXA secures deal to sell bank, acquire insurance firm

After more than two years, AXA has finally completed its €691 million deal with cooperative lender Crelan Bank. AXA and Crelan’s new long-term insurance distribution partnership came into effect on January 01, 2022.

INSURANCE BUSINESS

Charles Taylor snaps up Kentucky-based TPA

Charles Taylor, a provider of services and technology solutions to the global insurance market, announced today that it has acquired Aegis Corporation (Aegis), a Wisconsin based leader in mutual management and third-party claims administration.

BUSINESSWIRE

Aston Lark makes first deal of 2022

Aston Lark has bought Hove-based Mainstay Insurance for an undisclosed sum. Mainstay was founded in 2013 by managing director Richard Gorrill and offers bespoke commercial insurance and risk management solutions.

INSURANCE AGE

IRDAI caps value of surety insurance contracts

The Insurance Regulatory and Development Authority of India (IRDAI) has capped the quantum of surety insurance contracts for an insurer at 10 per cent gross premium written subject to a maximum of Rs 500 crore per year.

BUSINESS STANDARD

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