Wonderful raises $550 mn Series C at $5 bn valuation
Wonderful raised $550 mn in a Series C led by Insight Partners, valuing the AI software company at $5 bn as it expands across more than 35 markets
šŖšŗ Europe Insurance News
Mistral AI raises ā¬3 bn at more than ā¬21 bn valuation
Mistral raised ā¬3 bn in a Series D led by Samsung Electronics, valuing the European AI company at more than ā¬21 bn after the financing
Fundcraft raises ā¬12 mn to expand digital fund operations
Fundcraft raised ā¬12 mn in growth financing to expand across Europe, deepen private equity capabilities and develop AI-based fund operations
SpaceTech ICEYE opens SAR satellite data feed with 2026 imagery
ICEYE’s open data initiative provides public access to selected SAR satellite imagery and videos, including thousands of 2026 deliverables
UK mortgage lending rises as high-LTV share hits 18-year high
UK gross mortgage advances rose 11.1% in Q2 2026 to Ā£77.4 bn, while lending above 90% LTV reached its highest share since 2008
Chartered Institute of Loss Adjusters appoints Melissa Cunningham as new President
CILA appointed Marsh’s Melissa Cunningham as its youngest President, with Sedgwick’s Aruna Chandrapalan elected Deputy President
Certua Life partners with Heka to offer Surely life insurance
Certua Life has partnered with employee benefits platform Heka to offer personalised individual life insurance through its Surely brand
ILS market expansion: third-party reinsurance capital reaches $141 bn in 2026
Third-party reinsurance capital reached about $141 bn of limit by March 2026, while outstanding catastrophe bond capacity surpassed $65 bn
Property catastrophe reinsurance prices fall at mid-year renewals
Property catastrophe reinsurance prices fell by double digits at June and July 2026 renewals as global reinsurer capital reached $790 bn
MS Reinsurance appoints Julien Mollinier as Global Speciality CUO
MS Re appointed Julien Mollinier as Chief Underwriting Officer, Global Speciality Lines, alongside senior changes in its Financial Risks team
Global air cargo demand rises 6% as freight rates stay elevated
Global air cargo demand increased 6% year-on-year in August 2026, extending the strong summer performance recorded in July
Starr and Goalhanger launch geopolitical risk series at Lloyd’s of London
Starr and Goalhanger will host The Risk Briefing at Lloyd’s, bringing political commentators and insurance executives together to discuss geopolitical risk
SpaceTech ICEYE partners with Water Institute on predictive flood intelligence
ICEYE partnered with The Water Institute to add FloodID predictive modeling to its satellite-based flood intelligence services for US users
Natural catastrophe protection gap leaves most losses uninsured
Only 38% of global natural catastrophe losses are insured, Verisk says, with Europe’s coverage rate at 22% and far lower protection in some markets
Global cyber insurance rates fall globally
Swiss Re data shows global cyber insurance rates declined for a fourth consecutive year in 2026, though the pace of reduction slowed
Insurance AI adoption exposes verification gap, study finds
Insurance AI adoption is moving faster than verification controls as synthetic media raises fraud risks across claims and underwriting, research finds
Lloyd’s reports Ā£3.5 bn profit as premiums rise in 1H 2026
Lloyd’s reported Ā£34.7 bn of gross written premium and a 90.8% combined ratio in 1H 2026, with underwriting profit rising to Ā£1.9 bn
Tokio Marine invests in insurtech Kita to expand carbon insurance business
Tokio Marine invested in UK carbon insurer Kita and expanded work on carbon credit insurance, satellite risk assessment and project services
Global P&C insurer RoAE rises to record 16.8% in 2025
Aon says global P&C insurers reached 16.8% RoAE in 2025, while premium growth slowed and performance gaps widened across the sector
AEGIS London and tech MGA Augentic launch Lloyd’s digital follow consortium
AEGIS London and Augentic launched a Lloyd’s digital follow consortium offering brokers capacity across Property, Casualty and Specialty risks
Allianz Commercial appoints Emma Woolley to lead global specialty and UK
Allianz Commercial named Emma Woolley President Global Specialty and UK Region, with responsibility for specialty lines and the UK insurance market
Global reinsurers post stronger 1H 2026 underwriting results
Global reinsurers improved underwriting profitability in 1H 2026 as catastrophe losses fell, though softer pricing drove non-life premiums down 6%
Munich Re to acquire cyber insurtech At-Bay for $575 mn
Munich Re agreed to acquire US cyber InsurTech At-Bay for $575 mn, expanding HSB’s cyber insurance and managed security business
EBRD to expand Ukraine war-risk reinsurance facility after full use
EBRD plans to widen its Ukraine war-risk reinsurance facility with Aon after ā¬360 mn in goods and vehicle movements used the scheme in nine months
AI data center investment will top $1 trn by 2027, raising construction and insurance exposures
Allianz Commercial says AI data center investment will top $1 trn by 2027, raising construction, climate and insurance exposures
Reinsurers test pricing discipline as capital rises
AM Best says reinsurers face a 12-month test as record capital, strong earnings and rising competition push the market softer
Allianz Global Investors buys UOB Asset Management to expand in Asia Pacific
AllianzGI will acquire UOB Asset Management for SGD 555 mn, lifting regional client assets above ā¬170 bn and deepening South-East Asia reach
Autonomous mobility race splits US, China and Europe
US robotaxi growth, Chinaās state-backed rollout and Europeās transit-first strategy show three different routes to autonomous mobility
Allianz reports ā¬4.9 bn operating profit in 2Q 2026, ā¬9.4 bn for 6M
Allianz reports ā¬4.9 bn operating profit in 2Q 2026, ā¬9.4 bn for 6M, 225% Solvency II ratio and solid asset management growth
Allianz buys HSBC Singapore insurance arm for $2.7 bn
Allianz will buy HSBC’s Singapore insurance unit for $2.7 bn and enter a 15-year distribution deal in the Asian wealth hub
Munich Re Q2 2026 profit rises to ā¬2.2 bn on strong investment result
Munich Re reported a ā¬2.211 bn Q2 2026 net result as low P&C major-loss expenditure and a ā¬3.159 bn investment result supported earnings
Fairfax Q2 shows Brit pricing pressure and global growth
Fairfax Financial Holdings reported $1.39 bn in net earnings attributable to shareholders for the second quarter of 2026, equal to $63.38 per diluted share
IKEA customers in the UK get flexible home insurance through Urban Jungle
IKEA customers in the UK get flexible home insurance through Urban Jungle, with buildings, contents or combined cover arranged online in minutes
Europe wildfires test insurers as climate losses rise
France, Spain and Greece face wildfire losses as insurers absorb claims and Europe debates who pays for climate-driven disaster risk
Insurtech Federato launches AI claims system for insurers
Insurtech Federato launched Federato Claims, an end-to-end claims management system built on the same AI-native platform as its underwriting, policy administration
Curant AI raises $3.1 mn in seed funding as insurers seek enterprise AI tools for claims automation
Curant AI raises $3.1 mn in seed funding as insurers seek enterprise AI tools for claims automation, compliance and workflow support
Mapfre buys 38.9% stake in Spanish insurtech Tuio
Mapfre will acquire 38.9% of Tuio as the Spanish insurtech prepares to expand across Europe and Latin America next year
Insurtech Cover Genius acquires Friendsurance for Europe bancassurance
Cover Genius buys Berlin insurtech Friendsurance to expand embedded protection for banks and insurers across the DACH market
Allianz will terminate Pimco’s legacy M Unit Plan and pay at least ā¬1.4 bn
Allianz will terminate Pimco’s legacy M Unit Plan and pay at least ā¬1.4 bn as former and current employees hold 9.4% of Pimco
Axa profit rises despite Europe wildfire and Middle East losses
Axa reported higher first-half profit despite European wildfire claims and a ā¬100 mn hit tied to Middle East war and political violence risks
Chartered Institute of Loss Adjusters urges adjusters to submit fire and flood loss data
As the UK experiences one of its most severe wildfire seasons on record the Chartered Institute of Loss Adjusters (CILA) has called for loss adjusters to submit large loss data
AI, IoT reshape corporate risk and insurance tools
RiskScan respondents rank AI, smart devices and IoT as the most influential technologies changing corporate risk management
Cyber and climate risks reshape insurance priorities
Cyber incidents, climate losses and liability pressures reshape corporate insurance risk as organizations face connected threats across value chains
Economic pressure is reshaping the risk environment
RiskScan data shows inflation, economic decline and property insurance costs pushing insurers to reassess pricing, claims severity and capital strategy
Flood and storm risks reshape catastrophe insurance
RiskScan data shows flood, winter storms and thunderstorms driving concern as localized disasters pressure P&C pricing and preparedness
Munich Re Specialty launches Japan earthquake cover
Munich Re Specialty launches parametric earthquake insurance in Japan through Lloyd’s Japan, targeting corporate liquidity after seismic events
Insurtech Ominimo reaches $1.6 bn valuation after Series B
Ominimo raises $22.5 mn from EBRD as the Serbian-Hungarian insurtech grows its premium run-rate 12x and expands across Europe
Cyclone Harry caused over ā¬1 bn in Sicily losses and exposed NatCat insurance gaps
Cyclone Harry caused over ā¬1 bn in Sicily losses and showed why Italy’s mandatory disaster insurance leaves firms exposed to storm surge risk
Lloyd’s says ex-CEO John Neal breached compliance rules
Lloyd’s found former CEO John Neal breached compliance rules over an undisclosed close relationship and whistleblowing process failures
EIOPA presses private equity on long-term European insurer ownership
European supervisors want PE buyers of insurers to prove long-term support for policyholders, with scrutiny on private credit and affiliated deals
Cyber insurtech BOXX adds AI deepfake cover to Cyberboxx Business
BOXX Insurance adds affirmative AI and deepfake coverage for commercial cyber clients as social engineering fraud accelerates
Genki buys insurtech Wave Claims to add AI claims software
Genki acquires Cologne insurtech Wave Claims and Claim OS to bring AI claims handling closer to its health insurance products
Startup Arrakis raises $38 mn for industrial AI software
Arrakis exits stealth with $38 mn to build agentic AI software for aerospace, energy, logistics and manufacturing companies
European insurersā premiums reach ā¬923 bn in 2025
European insurers maintained steady growth in 2025, according to the latest Mapfre Economics report. The continentās 20 largest insurance groups recorded ā¬922.8 bn
Contents acquires fintech Balio to expand enterprise AI in Spain
Contents buys Barcelona-based Balio, its sixth acquisition, as the Milan company expands AI workflow tools across European enterprise software
Xentra raises Ā£2.7 mn from Maven VCTs and NPIF II for SME cyber services
Leeds-based Xentra secures Ā£2.7 mn from Maven VCTs and NPIF II to expand cyber, safeguarding and regulatory services for SMEs
Xeneta lifts 2026 air freight rate forecast after Middle East shock
Shipper long-term rates to raise 5% to 15% during 2026 after the escalation of conflict in the Middle East changed the rate, demand and supply picture for global cargo markets
Lloyd’s backs new Hormuz marine war risk insurance consortium
Lloyd’s welcomes a Chubb-led marine war risk consortium offering extra hull, P&I and cargo capacity for Strait of Hormuz transit risks
AIoT tech Targa Telematics adds Agentic AI to fleet maintenance
Targa Telematics launches Maintenance Excellence to connect fleet data, automate maintenance workflows and reduce downtime for mobility operators
Insurtech Weecover targets banks with embedded insurance platform
Weecover expands its insurance distribution platform for banks, using API-first technology to support embedded, digital and omnichannel cover
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
The first notice of loss (FNOL) is the starting point for every insurance claim. It sets the tone for the entire claims cycle. And for years, this process has been manual
InsurTech funding crossed a significant milestone in Q2 2025, with $60.8bn raised since records began in 2012. The data reflects the scale of investor appetite over 10Y