Keep up with what has been happening this week in our latest insurance news round-up…
Willis Towers Watson has announced that they have acquired Acclimatise, the market leader in climate change adaptation advisory and analytics services in order to help client to address climate issues across different types of risks.
Arch Insurance has launched a new UK based marine hull and machinery product for owners and operators of small and medium-sized commercial vessels such as those who own pilot boats, water taxis, workboats and supple vessels.
RSA in talks with overseas insurers over a £7bn takeover deal
RSA Insurance is in talks with Canadian insurer Intact and Danish insurer Tryg in a £7bn takeover deal which can lead to the break-up of one of the FTSE 100’s oldest companies. RSA received an offer after their shares increased by 46% after reports of a possible deal.
INSTANDA has launched its new integration marketplace which will allow insurers to access to multiple platforms in one place where they will be able to “bypass costly and slow integrations”.
Stocks in European markets were mixed on Friday where in London, the FTSE 100 was down 0.6% while other stocks such as the DAX stayed the same and the CAC 40 was up 01% in Paris. These mixed stocks come after concerns of Covid-19 figures as well as after the possible vaccine was announced.