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BOXX Insurance Enhances US Presence with New Product Head and Distribution Leaders
BOXX Insurance has announced key leadership changes to enhance its cyber insurance offerings, appointing Erik Tifft as head of products, and Jim Miller and Gil Cujcuj as distribution leaders for the eastern and western regions, respectively. Tifft will drive innovation in BOXX’s cyber insurance solutions, leveraging his nearly 20 years of experience in underwriting and cyber risk management. Miller and Cujcuj will enhance distribution capabilities, with backgrounds from Beazley, Apogee, HDI, and Tokio Marine. President Christyn Yoast expressed excitement over the appointments, emphasizing the team’s potential to strengthen market presence and promote a digitally safer world.
Africa Specialty Risks Welcomes Sylvain Coutu as Director of Innovation and Sustainability Initiatives
Africa Specialty Risks (ASR) has appointed Sylvain Coutu as its new Head of Innovation and Sustainability, focusing on enhancing its parametric insurance offerings in developing markets. Coutu, who has over a decade of experience in the insurance industry, previously led agricultural insurance at AXA Climate. His role will involve product development, expanding market presence, and tailoring solutions for regional challenges. ASR, which specializes in (re)insurance across Africa and the Middle East, emphasizes sustainable development and economic resilience. Recently, Fanny Dunner was also appointed as an underwriter in ASR’s parametric division, further strengthening the team.
MGT Specialty Unveils Enhanced E&S Coverage Solutions for Small Businesses
MGT Insurance has launched MGT Specialty, a new surplus lines company aimed at supporting the 35 million small businesses in the U.S. This initiative addresses the demand for flexible insurance solutions tailored to small businesses’ unique needs. Utilizing advanced AI technology, MGT Specialty enhances underwriting and claims processes, allowing for faster decision-making and personalized coverage. The excess and surplus (E&S) market is growing rapidly, with premiums exceeding $95 billion in 2024, highlighting the need for alternative solutions. Chad Nitschke has been appointed as general manager to lead this division, focusing on innovative strategies for small businesses.
Battleface and Wingie Team Up to Launch Innovative Embedded Travel Insurance Solutions
Battleface has partnered with Wingie, a leading travel marketplace in the MENA region, to provide integrated travel insurance solutions. This collaboration allows travelers to easily purchase customizable insurance plans alongside their flight bookings. Key benefits include coverage for unexpected medical expenses and trip interruption protection. With Wingie attracting around 200 million visitors annually, this partnership enhances its service offerings while ensuring travelers have peace of mind. Michael Barta from Battleface and Orkun Ozkan from Wingie expressed enthusiasm about the collaboration, highlighting its potential to enrich the travel experience and improve service quality. Travelers can now book confidently with accessible insurance options.
FullCircl Champions BIBA 2025 Manifesto: Advocating for Regulatory Reforms and Technological Innovations
The British Insurance Brokers’ Association (BIBA) launched its 2025 Manifesto, “Partnering to Deliver More Value,” at the Houses of Parliament, highlighting insurance’s crucial role in the UK economy. The manifesto addresses challenges like the protection gap in cyber risks and flooding. Industry leaders, including FullCircl’s Graeme Trudgill and Ashleigh Gwilliam, advocate for bridging this gap and promoting diverse career paths in insurance. They emphasize the need for enhanced professional standards, regulatory reforms, and maintaining the commission model for effective advice. BIBA also calls for reducing Insurance Premium Tax and fostering technological innovation to strengthen the insurance sector’s global competitiveness.
Revolutionizing Insurance Pricing: ERGO Hestia and Quantee Join Forces with AI Innovation
ERGO Hestia Group, a leading Polish insurer, has partnered with Quantee, an AI-driven insurance pricing solutions provider, to enhance its pricing strategies. This collaboration aims to refine valuation and pricing models, thereby increasing ERGO Hestia’s competitiveness in the market. The integration of Quantee’s advanced technology will improve operational efficiency and deliver customized insurance solutions. Established over 30 years ago, ERGO Hestia serves millions of customers and consistently adopts cutting-edge technologies. Both companies expect significant growth opportunities from this partnership, positioning ERGO Hestia as an innovation leader in the insurance sector.