Blackstone Backs Algorithm-Led Insuring in $500 Million Deal
Signage is displayed outside the Blackstone Group Inc. headquarters in New York, U.S. (Photographer: Mark Abramson/Bloomberg)

Blackstone Backs Algorithm-Led Insuring in $500 Million Deal

(Bloomberg) -- Blackstone Group Inc. and billionaire Prem Watsa’s Fairfax Financial Holdings Ltd. are investing $500 million in an algorithm that could help transform the world’s oldest insurance e...
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