UK motor insurer Premier Insurance enters administration, 16,000 policies hit
Premier Insurance Co. placed into administration by Gibraltar regulator, with FSCS stepping in to protect 16,000 UK motor policyholders
Insurance News
US pension risk transfer sales plunge in 2025 as annuities hit records
LIMRA reports PRT premiums fell 64% in Q2 2025 to $4.1bn, while total annuity sales hit a record $226.1bn in the first half of the year
October storms bring $100 mn+ insured losses across U.S. coasts and Alaska
A series of severe storms across the U.S. and Alaska in mid-October could leave insurers with losses in the hundreds of millions
Vienna Insurance Group acquires Nürnberger in €1.38 bn deal with major backer support
VIG launches €120-per-share offer for Nürnberger valued at €1.38bn, with 64% of shareholders pledging support ahead of regulatory review
U.S. District Court upholds CMS calculation of Humana’s rating
A federal court ruled CMS correctly calculated Humana’s 3.5 Star Rating, rejecting the insurer’s challenge over dropped customer-service test calls
Beat Capital launches 1889 Specialty MGA for U.S. financial institutions
Beat Capital Partners unveils 1889 Specialty Insurance, a new MGA offering management liability and professional lines for U.S. financial institutions
State Farm to expand into Massachusetts homeowners and auto market by 2027
State Farm is preparing to scale up in Massachusetts, where its market share in personal auto and homeowners sits below 0.29%
Brown & Brown Europe to acquire Pardus Underwriting, expand UK MGA reach
Brown & Brown Europe agrees to acquire Pardus Underwriting, a UK MGA focused on property and commercial insurance, strengthening its London Market presence
Hong Kong names AIA and Prudential Asia as systemically important insurers
HKIA designates AIA and Prudential Asia as domestic systemically important insurers, subjecting them to tighter oversight and annual reviews
Carpe Data and Harbor AI team up to speed E&S underwriting with AI insights
Carpe Data and Harbor partner to give E&S insurers faster, cleaner underwriting workflows with AI-driven signals, pricing recommendations, and renewal monitoring
US workplace insurance premiums rebound in Q2 2025 after early slump
Workplace life and disability insurance rose in Q2 2025, though year-to-date sales stayed below 2024 levels, LIMRA data shows
Salesloft-Drift OAuth breach exposes SaaS supply chain risk for cyber insurers
The Salesloft-Drift OAuth breach hit 700 firms, exposing SaaS supply chain risks that cyber insurers must now treat as systemic portfolio exposures
HealthTec Nava Benefits sequred $30 mn Series C funding, led by Thrive Capital
Nava Benefits, a US-based employee benefits and healthcare technology provider, has unveiled HQ, an AI-powered platform designed to simplify benefits administration for HR teams
Abacus Global acquires AccuQuote to expand digital insurance and wealth services
Abacus Global buys AccuQuote, merging insurance tech with wealth planning to grow revenue, extend digital reach, and serve millions of clients across the US
Tesla Insurance eyes Florida – real-time pricing, employee rates, and a 12-state footprint
Tesla filed an updated Florida auto program effective Dec 2025, runs Safety Score 2.2 with up to ±50% monthly premium swings, and operates across 12 states with in-house insurers
Insured NatCat losses for 9M 2025 exceeded $105 bn – Gallagher Re
Gallagher Re Q3 report shows insured cat losses at $105bn YTD, below average but still sixth straight year over $100bn; warns volatility and unmodeled risks ahead
Fairfax to sell €813 mn Eurolife life stake to Eurobank, keep P&C focus
Fairfax signs term sheet to sell 80% of Eurolife’s life business to Eurobank for €813mn, while retaining P&C stake and acquiring 45% of ERB Asfalistiki
Kansas City Life Insurance $45 mn COI fee settlement consolidates three class actions
A Missouri judge approved consolidation of class suits in Kansas City Life’s $45 mn settlement over alleged overcharges on cost-of-insurance fees
California advances first public wildfire catastrophe model under SB 429
SB 429 would create a state-run wildfire catastrophe model, pooling risk data to guide insurance rates, mitigation strategies, and public oversight
Texas proposes binding appraisal process for auto & property insurance disputes
Texas proposes appraisal provisions for auto and property policies, with binding awards, strict timelines, and public comments open until Oct. 6.
Consumer Watchdog files Prop 103 defense measure with sweeping Policyholder Bill of Rights
Consumer Watchdog files California ballot measure to reinforce Prop 103, mandate wildfire coverage, restrict insurer exits, and create a Policyholder Bill of Rights
Maryland clarifies claims-history disclosure rules for commercial insurers
Maryland Insurance Administration says claims-history disclosure rules apply to commercial policies, not just personal auto or home
Invision Cyber launches U.S. cyber insurance with $10 mn limits, backed by Lloyd’s
Invision Cyber launches U.S. cyber insurance with $10mn limits, backed by Lloyd’s syndicates, using Trend Micro’s telemetry to link risk directly to premiums
Federal court dismissed GE retirees’ lawsuit over $1.7 bn pension transfer to Athene
Federal court dismissed GE retirees’ lawsuit over $1.7 bn pension transfer to Athene, ruling no proven financial harm. More PRT deals still face challenges
Insurers sue eMaxx over captive losses, seek $10 mn relief
Coaction and affiliates accuse eMaxx of breach and gross negligence in a PC3 captive deal, claim $10 mn losses, blocked trust access, and demand records
Icen Risk enters U.S. M&A insurance market with $50 mn Zurich-backed capacity
Icen Risk expands into the U.S. M&A market with $50mn Zurich capacity, offering tax and warranty cover to private equity, funds, and corporates
Australia’s cyclone pool reports $1.12 bn in claims, 3.2 mn buildings covered
Australia’s cyclone pool logged $1.12bn in claims in June 2025 quarter, covering 3.2mn buildings and $644mn in annual premiums across home, strata and SME
Massachusetts rejects bid to block ACA marketplace rules challenged by 20 states
A federal court dismissed a preliminary injunction against new ACA rules on enrollment, premiums, and essential benefits, despite a multistate lawsuit
California FAIR Plan seeks 35.8% rate hike on dwelling fire and allied lines
California’s FAIR Plan filed for a 35.8% rate hike, with fire up 29.3% and allied lines surging 349.7%, citing wildfire risk and reinsurance costs
State Farm to add wildfire fee on California policies after $1 bn FAIR Plan hit
State Farm policyholders in California face temporary fees as the insurer recoups part of its share of the $1bn FAIR Plan wildfire assessment
Judge dismisses AT&T retirees’ lawsuit over $8 bn pension deal with Athene
A federal judge tossed retirees’ lawsuit against AT&T, upholding Athene’s $8bn pension risk transfer and rejecting fiduciary breach claims
Michigan lawmakers boost insurance regulator budget after $5.2 mn cut threat
Michigan’s 2025-2026 budget raises insurance regulator funding to $79.4mn, reversing earlier House plans to slash $5.2mn from the department
Bishop Street Underwriters acquires UK’s Avid Insurance in RedBird-backed expansion
Bishop Street Underwriters buys Avid Insurance, strengthening its UK presence with new specialty lines and data-driven underwriting expertise
U.S. P&C insurance sector looks set to grow faster than the wider economy in 2025
The U.S. property and casualty insurance sector looks set to grow faster than the wider economy in 2025, with underwriting profit projected for the second year in a row
SiriusPoint sells 49% Arcadian Risk stake to Lee Equity for $139 mn
SiriusPoint offloads its Arcadian Risk Capital stake to Lee Equity for $139mn but extends capacity deal through 2031 to keep backing the MGA
Australia’s insurance losses from natural disasters drop 25% in 2025
Insurance losses from Australian natural disasters fell to $1.97bn in 2025, ICA reports, but resilience gaps leave communities and governments at growing risk
Bitcoin life insurer Meanwhile secures $82 mn to expand BTC savings and annuities
Meanwhile, a Bermuda-regulated bitcoin life insurer, raised $82mn led by Bain Capital Crypto and Haun Ventures to expand BTC life insurance and savings products
Lloyd’s Lab Cohort 15 welcomes 12 insurtech startups tackling global insurance risks
Lloyd’s introduces Cohort 15 of its Lab Accelerator, with startups focused on risk, data intelligence, climate, energy and process transformation
CatIQ lifts insured loss estimate for Ontario-Quebec ice storm to C$490 mn
CatIQ’s latest estimate for the March 2025 ice storm rises to CAD 490m, with personal property claims in Ontario and Quebec driving higher costs
Insurers push EIOPA for deeper Solvency II reporting cuts
European insurers like the tone of EIOPA’s push to cut Solvency II reporting, yet they’re warning the execution risks missing the mark
EU insurers push Brussels for simpler sustainability reporting rules
Insurance groups call on the European Commission to cut complexity in EU sustainability reporting, citing risks, data gaps and litigation concerns
State Farm hit with lawsuit over AI bias, discrimination and unpaid insurance claims
State Farm faces federal lawsuit alleging AI-driven bias, unpaid $372K in claims, and fraudulent damage reporting practices
Florida Democrats push bills to curb property insurance costs nearing $5.7K
Florida Senators roll out bills to cut insurance hikes, expand oversight, create relief funds, and mandate fairer claims processes
FSRA Ontario to tighten life agent oversight, targets “rolling bad apples” in 2026
Ontario’s FSRA to intensify life insurance agent scrutiny in 2026, expand misconduct reviews, and push transparency across insurers
California approved a package of bills reshaping the state’s FAIR Plan
California expands FAIR Plan with new financing tools, mobile home coverage, automatic payment rules, and oversight reforms under Newsom’s signed bills
Munich Re Specialty wins German approval, expands European and UK specialty push
Munich Re Specialty gains approval for German specialty market entry, adds surety to product lines, expands from UK, Ireland, and Spain operations
WTW sues Howden over broker team poaching, claims “coast-to-coast” raids
WTW accuses Howden of poaching brokers and clients through nationwide raids, moving millions in business within days of staff departures
Evanston Insurance ordered to defend builder in $78 mn accident case despite auto exclusion
Court says Evanston must defend builder in $78mn auto accident case, but insurer has no duty to indemnify under its commercial general liability policy
SiriusPoint sells ArmadaCare to Ambac for $250 mn, keeps capacity ties
SiriusPoint offloads ArmadaCare to Ambac for $250mn, books $220–230mn pretax gain, extends capacity partnership with Armada through 2030
Judge Tosses Thompson Thrift’s $PCE coverage fight against Cincinnati Insurance
Indiana court rules Cincinnati Insurance had no duty to defend or indemnify Thompson Thrift in $PCE contamination dispute at Arizona apartments
California insurer IEHP faces DOJ over $320 mn Medi-Cal overpayment dispute
DOJ accuses IEHP of misusing $320mn in Medi-Cal funds through sham programs, false statements, and improper expenses. IEHP vows to fight the claims
US E&S insurers post 11% premium growth, beating P&C market
Excess & surplus insurers logged 11% premium growth in 2024, Fitch says, with underwriting ratios outpacing the wider P&C market for a third year running
Fitch: UK life insurers hold strong capital despite weaker annuity sales
Fitch says UK life insurers keep solvency ratios above 200% in 1H25 despite weaker annuity volumes, tighter margins, and rising exposure to private assets
Tokio Marine taps OpenAI to embed ChatGPT in insurance operations
Tokio Marine teams up with OpenAI to bring generative AI into sales, contracts, and customer services, aiming for sharper proposals and faster processes
Aon, NFP and Quálitas launch Conduzco Seguros, online auto insurance for U.S.-Mexico drivers
Conduzco Seguros offers Spanish-speaking U.S. drivers Mexican auto insurance via Quálitas, targeting cross-border travel needs with online convenience
UK auto insurers repay £200 mn after FCA finds unfair claims handling
FCA says UK motor insurers will return £200 m to 270,000 drivers after a review found historic underpayments and unfair claims practices.
U.S. court dismisses Iowa builders’ lawsuit over public adjuster ban
A U.S. district court ruled Iowa’s ban on residential contractors acting as public adjusters does not violate constitutional rights, dismissing a builder’s suit
DB Insurance to acquire U.S. specialty writer Fortegra in $1.65 bn cash deal
South Korea’s DB Insurance makes first U.S. acquisition, buying Fortegra Group for $1.65bn to expand into surety, warranty, and global P&C growth.
Moody’s: US P&C insurers post $27 bn profit despite wildfire losses
Moody’s says US property & casualty insurers boosted H1 2025 profits to $27bn, offsetting $16.1bn wildfire losses with stronger auto, homeowners, and investments
Munich Re backs Maldives’ first epidemic and pandemic insurance policy
Munich Re, with local and regional partners, launches a $5m epidemic and pandemic cover for the Maldives’ tourism industry to boost resilience
Discover how a secondary reinsurance market could improve capital efficiency, lower WACC, boost underwriting flexibility and support more efficient pricing
Global reinsurance pricing fell more than expected at Jan. 1, 2026 renewals, with abundant capital, weak catastrophe support, and easing terms
Reinsurance rates in several lines softened quicker than anyone expected this year, especially in casualty and cyber, yet trading conditions across the Lloyd’s market still look reasonably favorable
Re/insurance industry is showing strong momentum. Fund and Insure domain as the big opportunity—potentially generating $17 tn in gross value by 2035