Bowhead Specialty implements Kalepa's AI underwriting platform [Yahoo! Finance]
![Yahoo! Finance](../../../Content/images/providers/Yahoo! Finance.png)
MUENCHENER RE GP UNSP/ADR (MURGY)
NASDAQ:AMEX Investor Relations:
ir.kiterealty.com
Company Research
Source: Yahoo! Finance
The AI-driven platform is designed to improve risk selection and help underwriters dedicate their time to high-return opportunities. Bowhead's move follows its initial public offering (IPO) in the US. In the IPO, the insurance company raised $128m through the sale of over 7.5 million shares at $17 each, surpassing the initially marketed 6.7 million shares priced between $14 and $16. Bowhead earmarked the net proceeds from the IPO for the growth of its insurance subsidiary and other corporate needs. Bowhead Specialty CEO Stephen Sills said: “Our partnership with Kalepa allows us to stay on the cutting edge. Many companies make big claims in their demos and talk about the potential of AI, but no one has impressed us as much as Kalepa.” Kalepa CEO and co-founder Paul Monasterio said: “Commercial insurance is a trillion-dollar industry on pace to double within the decade, but it has been left behind technologically for several decades. “Copilot's groundbreaking AI is changing
Show less
Read more
Impact Snapshot
Event Time:
MURGY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MURGY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MURGY alerts
High impacting MUENCHENER RE GP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
MURGY
News
- Zywave Announces 2024 Cyber Risk Award Winners [Yahoo! Finance]Yahoo! Finance
- WINT and AXA XL extend partnership to mitigate water damage in real estate [Yahoo! Finance]Yahoo! Finance
- Retail investors account for 55% of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München's (ETR:MUV2) ownership, while institutions account for 45% [Yahoo! Finance]Yahoo! Finance
- InsurTech NY Opens Applications for Digital MGA Lab Cohort III [Yahoo! Finance]Yahoo! Finance
- Aporia Launches the First Guardrails for Multimodal AI [Yahoo! Finance]Yahoo! Finance