Swiss Re and Daimler to form Movinx.

Insurance brokerage firms Swiss Re and Daimler Insurance Services to form Movinx, a reinsurance firm. Financial terms were not disclosed. ”By joining forces with Swiss Re we can lead transformation in an evolving market environment and advance insurance business. We will establish a new business model as well as co-create and co-own an insurance platform. This platform enables easy and efficient insurance purchase and customer-centric services by using real time data. Furthermore, we as Daimler Insurance Services are going deeper into the value chain of insurance business, having more influence on product development and pricing," Ingo Telschow, Daimler Insurance CEO.