Affordable Care Act costs to surge in 2025 as credits lapse, risking sicker pools
Millions risk higher ACA premiums as pandemic era subsidies expire, pushing consumers toward cheaper plans and shrinking enrollment among healthier buyers
Insurance News
MS&AD to buy 18% of Barings in $1.44 bn deal to deepen asset partnership
MS&AD will acquire 18% of Barings from MassMutual in a $1.44bn deal, adding growth capital and expanding global investment capabilities
AXA partners with Old Mutual and EHS to expand international health cover in Africa
AXA teams with Old Mutual Kenya and EHS to grow East Africa’s IPMI market through local underwriting, exclusive distribution and portfolio transfers
Colorado pushes Pinnacol Assurance privatization plan to unlock $400 mn for budget
Gov. Polis renews his push to privatize Pinnacol Assurance, arguing the shift could free $400mn and fix structural limits hurting Colorado employers
Michigan’s HB 5281 bill targets litigation funding with new caps, disclosure rules
Michigan’s HB 5281 would regulate litigation funding with disclosures, registration and a 36% cap, aiming to reduce legal system abuse and insurance costs
Manulife, Mahindra form $400 mn life insurance joint venture to target India’s rural market
Manulife and Mahindra launch a 50-50 life insurance venture with up to $400mn in capital to expand reach across India’s fast growing rural segments
Rising healthcare costs overtake retention as top priority for U.S. hospitals – Aon’s survey
Aon’s 2025 survey shows U.S. hospitals rank healthcare cost spikes above retention, as PEPY spend jumps and benefit strategies rapidly evolve
Volt Underwriting enters ports and terminals market with $15 mn capacity
Volt Underwriting launches a $15mn ports and terminals line backed by Tokio Marine Kiln, expanding its global energy focused MGA platform
National Flood Insurance Program extended to Jan 2026 as pressure mounts to overhaul FEMA operations
Congress extends NFIP to Jan 2026, triggering renewed calls to reform FEMA and pursue long term flood insurance stability beyond short lived funding deals
Pennsylvania Insurance Department pushes back on Smucker’s ACA claims with district data
Pennsylvania Insurance officials counter Rep. Smucker’s ACA remarks, citing sharp 2026 premium hikes and detailed Pennie data for District 11
Penn Mutual Life Insurance seeks to shift liability in Montana premium financing dispute
Penn Mutual says funeral directors lost millions due to flawed legal advice tied to life policies and premium financing arranged by attorney Janette Jones
Indiana court dismisses Cantor’s $25 mn fidelity bond case over jurisdiction
Indiana’s appeals court tossed Cantor’s $25mn fidelity bond suit, ruling nonresident insurers lacked the minimum contacts required for state jurisdiction
Wisconsin weighs workers’ comp bill boosting insurance payouts and tightening rules
Wisconsin lawmakers review AB 651, a workers’ comp bill raising payouts, revising claims rules, and updating evidence, limits, and first responder coverage
Geico loses bid to dismiss $69.7 mn South Carolina business tax lawsuit
A federal judge refused Geico’s motion to dismiss a $69.7mn suit over unpaid business license taxes and penalties owed to South Carolina municipalities
Swiss Re reports a net income of $4 bn for the 9M 2025
Swiss Re lifts Q3 net income to $1.43bn, accelerates L/H fixes, and stays bullish on 2025 despite noisy portfolios and tougher pricing
Allianz lifts 2025 outlook after €13 bn profit and record Q3 results
Allianz posts record Q3 gains, €13.1bn nine month profit, and raises its 2025 operating target to €17bn as P/C and L/H units drive growth
Chubb launches AI optimisation engine to boost embedded insurance sales
Chubb just rolled out an AI-powered optimisation engine inside Chubb Studio, its digital platform for embedded insurance
Hiscox ordered to release records in $6.8 mn Dwolla fraud coverage fight
A U.S. court ordered Hiscox to hand over claims and underwriting records in a $6.8mn dispute over Dwolla’s denied computer fraud insurance claim
IAG handles 10,000+ weather claims after major hailstorms in Australia
IAG processes over 10,000 claims after severe hail and storm damage across Queensland, NSW, and Victoria, activating major recovery operations
Lloyd Smucker disputes Pennsylvania’s statement on ACA insurance premium spikes
Rep. Lloyd Smucker disputes Pennsylvania Insurance Department’s statement on ACA premium spikes, demanding transparency over tax credit assumptions
Louisiana’s insurance regulator eyes standardised discounts for fortified roof homes
Louisiana’s insurance regulator plans benchmark discounts for 10,000 Fortified roofs as data grows, cutting average premiums by 22%
Aon launches digital Claims Copilot to enhance global claims outcomes
Aon debuts Claims Copilot, an AI-ready digital platform unifying analytics, automation, and advocacy to streamline global claims and improve client results
Moody’s estimates $3–5 bn insured losses in Jamaica from Hurricane Melissa
Moody’s RMS pegs Jamaica’s insured losses from Hurricane Melissa at $3–5 bn, with total economic losses possibly exceeding the island’s $20 bn GDP
Liberty Mutual posts $2.22 bn Q3 profit as combined ratio hits 84.7%
Liberty Mutual’s Q3 net income rose to $2.22 bn with a combined ratio of 84.7%, driven by strong underwriting and a sharp fall in catastrophe losses
Fitch warns Solvency II capital cuts may weaken EU insurers’ credit
Fitch says EU plans to ease Solvency II rules could raise insurers’ risk-taking and understate spread risk, posing mild pressure on credit quality
Howden to acquire Evelyn Partners’ employee benefits consultancy EPFS
Howden will acquire Evelyn Partners Financial Services to boost its UK employee benefits and corporate health division, pending regulatory approval in 2026
Canada Life completes £41 mn buy-in deal with A.G. Barr pension scheme
Canada Life finalises a £41 mn buy-in with A.G. Barr’s pension scheme, securing benefits for 300 members and completing their long-term de-risking plan
Asia-Pacific insurance market growth fueled by reforms, low coverage
Asia-Pacific remains one of the strongest global growth regions for insurance. It’s a region with a relatively young population and still very low penetration
Aquarian Capital to buy Brighthouse Financial in $4.1 bn cash deal
Aquarian Capital will acquire Brighthouse Financial for $4.1 bn in cash, keeping the insurer independent and focused on U.S. retirement markets
Idaho regulators ordered three insurers to stop limiting Medicare Advantage sales
Idaho regulators ordered three insurers to halt efforts that restricted access to Medicare Advantage applications and discouraged agent participation
Washington Supreme Court extends traveling employee rule to disease
The Washington Supreme Court ruled that the state’s traveling employee doctrine applies to occupational diseases, including COVID-19, for workers’ comp coverage
Aon reported Q3 2025 net income attributable to shareholders of $458 mn
Aon reported Q3 2025 net income attributable to shareholders of $458 mn, up from $343 mn a year earlier. Aon’s Q3 EPS rose 34% to $2.11 as revenue climbed 7% to $4 bn
Allstate sues Texas pain clinics for $1.7 mn insurance fraud scheme
Allstate alleges a Texas pain clinic network inflated $1.7 mn in auto injury bills through fake procedures and unlawful fee-splitting, seeking $5.2 mn in damages
Fairfax Q3 2025 profit rises to $1.15 bn as underwriting, investments climb
Fairfax Financial’s Q3 earnings hit $1.15 bn, up from $1.03 bn, on stronger underwriting, fewer catastrophe losses, and $426 mn in investment gains
Nippon Life completes $8.2 bn acquisition of Resolution Life Group
Nippon Life finalizes its $8.2 bn takeover of Resolution Life, forming Acenda in Australasia and expanding its life and reinsurance reach globally
MetLife Q3 2025 profit falls 36% to $818 mn on derivative, investment losses
MetLife posts $818 mn Q3 net income, down 36%, as derivative and investment losses offset higher revenue and growing pension risk transfer deals
Hurricane Melissa causes up to $4.2 bn insured losses in Jamaica
Verisk estimates Jamaica’s insured losses from Hurricane Melissa at $2.2–$4.2 bn, with near-total building destruction in landfall zones
Verisk warns insurers as frequency perils surge, losses hit $152 bn
Verisk reports global insured property losses now average $152 bn as frequency perils surge and severe thunderstorms dominate catastrophe risk
New York lawmakers propose $10 mn State Catastrophe Fund Authority
A New York bill proposes a $10 mn Catastrophe Fund Authority to reimburse insurers for disaster losses and stabilize the state’s property market
New York Bill 9218 seeks to limit auto crash damages for certain drivers
New York lawmakers propose limiting auto accident damages for uninsured motorists, intoxicated drivers, and those involved in felonies or hit-and-runs
Illinois House rejects insurance rate control bill opposed by industry
Illinois lawmakers voted down a bill that would have expanded state oversight of insurance rates, data use, and climate risk disclosures for large carriers
North Carolina court rejects insurers’ bid to toss Tanger COVID suit
North Carolina Business Court denied insurers’ motion to dismiss Tanger’s COVID-19 coverage lawsuit, citing state law and the company’s close connection to NC
Ryan Specialty to acquire Stewart Specialty Risk Underwriting in Canada
Ryan Specialty expands in Canada with the acquisition of Stewart Specialty Risk Underwriting, a managing underwriter for high-hazard property and casualty risks
Florida House Bill 261 targets employer-owned life insurance with new rules
Florida lawmakers propose HB 261 to regulate employer-owned life insurance, limit coverage to key staff, and require reporting and public disclosure
New Mexico insurers ordered to update UM/UIM forms after court ruling
New Mexico insurers must update disclosure forms to show per-vehicle uninsured and underinsured motorist coverage costs following a Supreme Court decision
State Farm cuts Florida auto insurance rates again, down 20% total
State Farm trims Florida auto premiums by another 10%, marking a 20% total cut in a year as insurers credit reduced litigation for lower costs
Hurricane Melissa hits Jamaica with 185 mph winds, low insured losses
Hurricane Melissa’s 185 mph winds bring heavy damage to Jamaica and Cuba, with billions in losses expected but low insured coverage across the region
California’s insurance regulator drafts long-term solvency rule to tackle AI and climate risk
California’s insurance regulator unveils a solvency rule addressing climate risk, cyberthreats, and AI misuse, requiring insurers to plan decades ahead
Mission Underwriters backs launch of Lumara Insurance in the UK
Mission Underwriters launches Lumara Insurance in the UK, offering combined business and motor trade cover for brokers under a single policy structure
US House bill aims to restore National Flood Insurance Program fast
A new House bill seeks to retroactively renew and extend the National Flood Insurance Program through December 2026 after its lapse during the government shutdown
UK Justice Ministry reviews whiplash reform impact on insurance costs
The UK’s Ministry of Justice reviews the whiplash reform to assess its effect on injury claims, insurer savings, and fairness for unrepresented claimants
The National Association of Insurance Commissioners’ 2026 budget expands data & AI tools
NAIC’s proposed 2026 budget boosts tech and oversight investments, with revenue up 7.1% to $178.8mn and expense growth slowing to 6.3%
Clyde & Co appoints of Kirsten Wilkerson as a partner in its Washington office
Global law firm Clyde & Co announced the appointment of Kirsten Wilkerson as a partner in its Washington, DC, office
U.S. life insurers face risks from private credit and Level III asset exposure
Private credit and Level III assets raise liquidity, valuation and rating risks for US life insurers as markets shift and borrower leverage climbs
Customer satisfaction in the U.S. individual life insurance market looks stable
J.D. Power 2025 reveals volatile shifts in life insurance satisfaction, with wide brand gaps and stronger scores for direct-to-carrier policies
HSB Canada launches CyberPro cyber insurance for businesses up to $2 bn
HSB Canada, part of Munich Re, rolls out CyberPro – cyber insurance with claims, monitoring, and risk tools for Canadian firms across multiple industries
US P&C insurers see upgrades rise in H1 2025, downgrades steady
AM Best reports slight increase in US P&C insurer upgrades to 18 in H1 2025, downgrades flat at 20, with personal lines hit by catastrophe losses and inflation
S&P upgrades Vienna Insurance Group outlook to positive on CEE growth
S&P raised VIG and VIG RE outlooks to positive, citing stronger diversification, CEE earnings growth, and the planned NUERNBERGER acquisition in Germany
UK insurers hit by rising third-party risks as data gaps widen
85% of UK insurers face third-party risk impacts, with weak data and outdated tools limiting decision-making despite higher spending on cybersecurity and ESG
Swiss Re pauses new life insurance deals in Australia as TPD claims soar
Swiss Re halts new business in Australia, citing unsustainable TPD insurance costs, with $1.43bn mental health claims in 2024 straining the financial system
The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities
U.S. life insurers posted modest Prism score gains, with resilient capital strength despite rising annuity volumes and investment risk pressures