K2 Insurance forms Strategic Program Administration Partnership with Homesite Insurance Group

K2 Insurance Services announced the formation of a strategic partnership with Homesite Underwriting Managers Aegis General Insurance Agency subsidiary of K2 Insurance Services announced the creation of a strategic partnership with Homesite Underwriting Managers, the program business unit for Homesite Insurance Group. Bob Kimmel, President and CEO of K2 said that “Homesite’s record of success and innovative focus within the residential property market will allow Aegis General to continue our growth trajectory and industry-leading profitability...

American Financial Group, Inc. Announces Exit from Lloyd’s of London Market

American Financial Group, Inc. (NYSE: AFG) announced that it plans to exit the Lloyd’s of London insurance market in 2020. It has initiated actions to place its Lloyd’s subsidiaries including its Lloyd’s Managing Agency, Neon Underwriting Ltd., into run-off. AFG will work with Neon and Neon’s regulators to ensure that Neon continues to meet its obligations to policyholders and achieves an orderly run-off of operations. The exit from this business will allow AFG to reallocate...

Tencent’s Insurance Platform, WeSure, Featured in Fintech Power 50 for 2020

WeSure, Tencent’s insurance platform has been named in the 2020 edition of The Fintech Power 50 (“TFP50”). TFP50 is an exclusive annual program that recognizes the 40 most innovative companies and ten most trusted leaders in the industry every year. WeSure was one of only three Asian companies in the 2020 cohort, along with another two fintech service companies OneConnect and Wing Money. “WeSure is honored to be recognized amongst this exclusive list of transformative financial companies. We are committed to...

Tarun Chopra named Clements Worldwide CEO

Clements Worldwide, a leader in international insurance for expatriates and organizations, announced that the company President Tarun Chopra would become the organization’s Chief Executive Officer. Chopra will also retain his President role, while Jon Clements will continue to serve as company Chairman. “It is with great excitement I announce Tarun Chopra’s promotion to Chief Executive Officer of Clements Worldwide,” Clements said. “Tarun brings a variety of leadership skills to this role that have been honed over many years as a corporate...

Beyontec Strengthens its African Foot Print with Zamara

Beyontec, a leading global insurance technology solution provider announced the successful implementation of its core solution, the Beyontec Suite at Zamara. Headquartered in Nairobi, Zamara is the largest pension fund administrator in Kenya controlling one third of the Kenyan pension fund market. The company provides financial and insurance solutions that inevitably result in financial freedom for individuals and businesses across Africa. fintech news To manage its growth across multiple lines of business seamlessly, it was...

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