Allianz
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The new programme will ease concerns that the carrier is poised to embark on large scale M&A.
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Bäte served as chairman of the forum for three years.
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The insurer-owned blockchain start-up B3i is to build its systems on a blockchain platform developed by banking sector technology consortium R3.
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Other potential acquisitions being eyed by CEO Oliver Bäte include Zurich and QBE.
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Buyer Allianz would probably offer shares for its Swiss peer, the analysts say.
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George Quinn's comments appear to lengthen the odds of tie-up between the Swiss carrier and Germany's Allianz.
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Two thirds of the carrier's $387mn national catastrophe losses resulted from Storm Friederike
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The investment marks the next phase in Allianz's move to expand its African presence.
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The London-based InsurTech startup intends to use the money to expand worldwide.
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The bidders are likely to include Aviva, Axa, Allianz and RSA. -
Lobbying by the ABI, Biba and MIB bears fruit as the UK government opts to remain in the motor "free circulation zone".
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The insurer repeats its top performance from last year and got high marks on online support, extranet sites and e-trading.
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