Willis launches ProXS & more…Keep up with what has been happening this week in our latest insurance news round-up…
Insurance technology startup Ominimo raises €10M in funding
Ominimo Insurance, a startup that uses artificial intelligence to provide auto insurance plans, has raised €10 million in funding from Zurich Insurance Group Ltd.
Willis launches ProXS
Willis, a WTW business, has launched a new Professional Indemnity solution named ProXS with a CCY40m capacity. The new facility is designed to provide professional companies with enhanced and cost-effective coverage.
Paul Macro joins The Aon MasterTrust board
Aon has announced that Paul Macro is joining the board of The Aon MasterTrust. He replaces Jonathan Reynolds who is stepping down from the board after six years.
Allianz UK focuses on ‘balance between volume and margin’ to weather cyclical market storm
Inflation and the transition from a hard to soft market in UKGI has impacted insurers’ full-year 2024 results – but insurer chief executive emphasises the importance of disciplined underwriting in managing market cycles.
North American insurers poised to withstand current market volatility: S&P
North American insurers’ robust capital and liquidity buffers will allow them to withstand the current market volatility, including tariff-related downturns, without an immediate impact to ratings or outlooks, S&P Global Ratings highlighted in a recent report.
