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Aon unveils strategic alliance with AI-powered insurtech Zesty.ai to 'revolutionise' underwriting
Insurance
Re/insurance broker Aon has formed a strategic alliance with US-based artificial intelligence (AI) startup Zesty.ai to improve its underwriting data insights.   13 March 2019
RenaissanceRe gets green light for $1.5bn Tokio Millennium Re acquisition
Insurance
Bermuda-based RenaissanceRe Holdings (RenRe) has received all regulatory approvals required in connection with its acquisition of Tokio Millennium Re and Tokio Millennium Re (UK).   13 March 2019
ABI calls for Brexit delay after latest deal voted down
Insurance
As the latest deal for Britain to leave the EU was voted down in Parliament last night, the possibility of the country leaving with no-deal looked more likely.   13 March 2019
Insurance
Insured losses from the Townsville flood in Queensland, Australia from January 26 to February 7 have has reached A$893 million ($627 million), according to Aon’s Impact Forecasting.   8 March 2019
Insurance
Re/insurance broker Aon has said it will not buy Willis Towers Watson. Its announcement comes within 24 hours of it revealing it was exploring a possible deal with the world’s third biggest broker.   6 March 2019
Insurance
Re/insurance broker Aon’s shock revelation yesterday (Tuesday March 5) that it was mulling a takeover of Willis Towers Watson (WTW) is a result of its hand being forced by Marsh & McLennan’s pending takeover of Jardine Lloyd Thompson (JLT), according to sources close to the company.   6 March 2019
Insurance
A merger between Aon and Willis Towers Watson (WTW) would mean more “job carnage” be bad news for buyers but could mean opportunities for smaller brokers, according to sources in the London Market.   6 March 2019
Insurance
Insurance broking giant Aon has confirmed that a takeover of its competitor and third largest insurance broker Willis Towers Watson is under consideration.   5 March 2019
Insurance
Aon has partnered with insurtech firm Skytek to monitor insurers’ marine risks and identify areas that require enhanced underwriting and reinsurance in real time.The development was driven by the rise of major container ports and mega ships, which expose re/insurers to risk accumulation during a catastrophe. To manage this risk monitoring vessel movements and estimating cargo accumulation has become critical for insurers.   5 March 2019
Insurance
Ian Tomlin has joined Special Contingency Risks (SCR) to lead and manage the strategic development of its accident and health offering.   5 March 2019

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