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The Korean insurer is set to hold 80.6% after buying out sellers including a Centerbridge-led consortium, with KKR and South Korea's KIC taking the rest.
SAFE Forsikring will join Optio's Norwegian platform five days after the group agreed to buy Spanish marine underwriting agency Names Europe.
The 18,000 policy business closed to new sales in 2017, and completion is expected in the first half of 2027 subject to regulatory approval.
The Constellation Software unit said it will run the London-based business as three units, one dedicated to London Market bordereaux and delegated authority tools.
The telecoms software group says the cash deal is its first step into insurance and plans to extend its agentic operating system to insurers.
A subsidiary of the Abu Dhabi Investment Authority will join as a minority co-investor, with completion expected in the first quarter of 2027.
When Zurich completed the AIG travel deal in December 2024, it said the combined business would set up its headquarters in the US.
Up to $400m more is tied to recurring revenue targets for hx, whose platform has priced more than $75bn of annual premium.
Skyward co-led Slingshot's $27m seed round, and the deal gives the start-up A-rated paper in all 50 US states.
Eldridge is discussing combining the division with Zinnia, its technology platform for life insurance and annuity providers, Reuters reported.
The insurer-owned firm will add INRIX traffic data to driving behaviour records covering more than three trillion miles.
The IT services group says the stake will add AI agents that speed up work on insurers' core platforms.
The all-cash deal values the motor claims and repair software network at a 44% premium to its unaffected share price.
