Operations/tech
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The company will also split operations into US and international divisions. -
The decision follows a string of recent moves – including M&A and new entrants – that have changed the TL vertical.
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The capacity backs the reinsurance underwriter to cover international risks outside the US.
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The president and CEO will also be eligible for up to $50mn in shares.
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Verisk entered the agreement to purchase the SaaS platform in July this year.
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The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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It is understood that Liberty will halt support for property lines in the LatAm region effective 2026.
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The payment will cover what the filing called “foregone incentives at his former employer”.
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The plaintiffs' bar has been playing out the same rulebook for 15 years. It’s time the defense catches up.
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Finance and insurance hiring is 27% below 2022’s peak, compared with 37% nationwide.
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The platform will debut in Germany before an accelerated global rollout in 2026-27.
