HakkŇćda 2024 Financial Services & Insurance State of Data Report

Hakkoda, a cloud data engineering consultancy specializing in Snowflake, released its 2024 Financial Services & Insurance State of Data Report, surveying 145 director to CEO level data leaders from large financial services and insurance (FSI) organizations. Artificial intelligence is poised to disrupt the financial services and insurance industry in a significant way in the next three years, with 97% of FSI organizations indicating that they believe generative AI will be important to their success within...

Ping An Releases 2023 Sustainability Report

Ping An Insurance (Group) Company of China, Ltd.¬†has published the “Ping An Sustainability Report 2023: Together With Hope” (hereafter “the Report”). The Report highlights the Group’s innovation and practices in sustainable development in 2023 in five areas, including sustainable development and strategy management, sustainable business, sustainable operations and community, sustainable governance and Task Force on Climate-Related Financial Disclosures (TCFD) report. This is the 15th¬†consecutive year¬†Ping An¬†has released a sustainability report. Sustainable development is one of¬†Ping...

LifeWallet FY & Q4 2023 Financial Results Released

MSP Recovery, Inc. d/b/a LifeWallet (“LifeWallet,” or the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, announced financial results for the fiscal year and fourth quarter ended December 31, 2023. Highlights The Company announced a comprehensive settlement with 28 affiliated property and casualty insurers (‚ÄúP&C Insurers‚ÄĚ) that, in addition to settling existing claims, establishes a going-forward process to collaboratively and timely resolve future claims. The Company furthered its litigation and...

Majesco announced Spring ’24 release of software solution portfolio

Majesco, a global leader in cloud insurance software solutions for insurance business transformation, is excited to announce the Spring ’24 Release of its portfolio of software solutions, spearheaded by the revolutionary enhancements of Majesco Copilot. With this update, Majesco reaffirms its position at the forefront of the insurance technology industry, introducing cutting-edge Generative AI (GenAI) and other business capabilities that redefine how insurance professionals interact with their business solutions. “The Spring ’24 Release marks a...

King Insurance Partners acquires Prestige Insurance

In its most recent expansion activity, King Insurance Partners is excited to announce the acquisition of Prestige Insurance, a name synonymous with high standards and known for its quality of service in the¬†Vero Beach, Florida¬†insurance landscape. This acquisition underscores King Insurance Partners’ commitment to growth and excellence, as they continue to invest in and expand their offerings and network to their clients. With a sterling record of service in¬†Vero Beach, Prestige Insurance is known for...

Highstreet Insurance Partners appoints new CHRO

Highstreet Insurance Partners (“Highstreet”), announces the appointment of¬†Jim Scott¬†as its Chief Human Resources Officer (CHRO). In this role Scott will spearhead the development and implementation of innovative people strategies to support the company’s continued growth and foster a culture of excellence. With over 20 plus years of experience in senior leadership and human resources roles, Scott brings a wealth of expertise in talent management, organizational development, and employee engagement. Prior to joining Highstreet, Scott held...

Blue Owl Capital to acquire Kuvare Asset Management for $750 Mn

Blue Owl Capital Inc., a leading alternative asset manager, announced today it has entered into a definitive purchase agreement to acquire Kuvare Insurance Services LP (dba Kuvare Asset Management) (“KAM”) for $750 million. KAM is a boutique investment management firm focused on providing asset management services to the insurance industry, including Kuvare UK Holdings (“Kuvare”). Blue Owl will fund the KAM acquisition through a combination of¬†$325 million¬†in cash and¬†$425 million¬†in Blue Owl Class A common...

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