TDI Daily Newswire - 20th July 2021

Published: Tue, 07/20/21

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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Ageas introduces ‘AgeSA’

Ageas acquired a 40% stake in Turkish life insurer and private pension provider AvivaSA. At an online press conference hosted by the company’s CEO and both partners in the joint venture, Sabanci Holding and Ageas, the company’s future ambitions were set out and the new name ‘AgeSA’ and brand identity were revealed.

COVERAGER

Symetra Life Partners with iPipeline to Speed Term Life Underwriting

Symetra Life Insurance Company has partnered with iPipeline to innovate the new business acquisition process for Symetra’s new, fully automated SwiftTerm term life insurance product. The streamlined approach is designed to result in the best underwriting path for each applicant.

IIR

Sepio Systems partners with Munich Re on hardware mitigation solution

Security and safety services firm Sepio Systems has partnered with reinsurer Munich Re as part of the launch of its Hardware Access Control Index (HACx), which aims to help organizations improve hardware security.

REINSURANCE NEWS

Liberty Mutual Looks to Acquire Malaysian P/C Insurer AmGeneral

Liberty Mutual Insurance will be applying for regulatory approval to acquire Malaysian property/casualty insurer AmGeneral Insurance Berhad, which is currently 51%-owned by AmBank Group and 49%-owned by Insurance Australia Group (IAG).

INSURANCE JOURNAL

Hudson Structured leads $80m PIPE for SPAC acquisition of insurtech Kin

Insurance-linked securities (ILS), reinsurance, insurtech and transportation focused investment manager Hudson Structured Capital Management Ltd. has again put its weight behind home insurtech company Kin Insurance, this time in supporting its acquisition by a SPAC company.

ARTEMIS

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