Generali Investments Holding acquired Conning Holdings Limited. Conning and its Affiliates will continue to execute their growth strategies with support from their continuing owner, Cathay Life Insurance Co. Ltd. and new owner Generali. Cathay contributed its ownership in Conning and its Affiliates to GIH for a 16.75% share of GIH. As part of this transaction, Cathay has agreed to a minimum 10-year financial commitment in relation to specific insurance assets that will continue to be managed on its behalf by GIH, including Conning and its Affiliates.
Juniper Re and BRP Group, Inc. and Canopy Weather, LLC , a provider of weather analytics solutions, partnered to bring post-event severe convective storm response analytics to Juniper Re clients. Tornadoes, hail and straight-line winds pose significant risks to properties. Canopy's technology and human expertise provide ground-truth observations immediately following storm events. By integrating these advanced weather analytic capabilities with Juniper Re's expertise in (re)insurance solutions, the collaboration aims to provide Juniper Re's clients with risk management insights and more informed storm-related loss estimates.
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