Insurtech Xceedance acquires Marble Box to enter agent, broker operations
Xceedance buys Marble Box, entering the agent and broker market and pairing insurance operations talent with workflow tech, automation, and data tooling
News
Los Angeles wildfires drive $22.4 bn in claims as insurance losses mount
California insurers have paid $22.4 bn on wildfire claims, with insured losses projected up to $40 bn as rate hikes and regulatory battles intensify
New Jersey prosecutors charge four over $250k travel insurance fraud
New Jersey prosecutors indicted four people accused of filing fake travel insurance claims tied to trips and medical emergencies that never happened
Howden buys Atlantic Group in $500 mn US M&A insurance push
Howden agreed to acquire Atlantic Group for over $500 mn, strengthening its US M&A insurance business and expanding reach with private equity clients
Cyber reinsurance awash in capacity at Jan. 1, 2026 renewals
Gallagher Re says cyber reinsurance capacity at Jan. 1 renewals far exceeded demand, pushing rates down and reshaping treaty structures
USI sees property insurance rates sliding as casualty pricing steadies
USI projects property insurance rates down as much as 20%, while casualty lines stay flat to modestly higher into early 2026
Tennessee Appeals Board backs denial of added workers’ comp benefits
Tennessee’s Workers’ Compensation Appeals Board upheld a ruling denying extra medical and disability benefits after a 2022 workplace fall
AIG names Eric Andersen as CEO-elect as Peter Zaffino exits role
AIG says CEO Peter Zaffino will retire by midyear, handing leadership to Aon veteran Eric Andersen as shares slide on investor uncertainty
MilTech NanoXplore raised €20 mn to push defence chips and EU sovereignty
French chipmaker NanoXplore secures €20 mn from MBDA and Bpifrance to expand into defence electronics and reinforce Europe’s ITAR-free supply chain
Startup Aidoptation raises €20 mn to scale AI autonomous systems
Belgian-American startup Aidoptation secures €20 mn to accelerate AI-driven autonomous systems for automotive, security, and defence use
HealthTech Pragmatech raised €650k to scale CE-marked AI antibiotic tool
Spanish HealthTech Pragmatech secures €650k to accelerate rollout of iAST, its CE-marked AI software for antibiotic prescribing
Startup Alvotech secures €100 mn term loan to fund 2026 execution
Reykjavík-based Alvotech raises a €100 mn senior term loan led by GoldenTree, boosting liquidity and replacing its prior working capital facility
SaaS startup MotorK raises extra €3 mn debt from Atempo to bolster balance sheet
Milan-based MotorK secures an additional €3 mn tranche from Atempo Growth, extending existing debt to support liquidity and corporate needs
Howden Re flags sharp property cat pricing drop at Jan. 2026 renewals
Howden Re estimates global property cat reinsurance pricing fell 14.7% at Jan. 2026, the steepest annual drop since 2014, with retrocession down 16.5%
Africa Specialty Risks renews Baobab Lloyd’s Consortium, lifts capacity to $26 mn
Africa Specialty Risks renews the Baobab Consortium at Lloyd’s, increasing per-risk capacity to $26 mn for Africa and Middle East exposures
London Bridge 2 drives fresh ILS capital into Lloyd’s market
London Bridge 2 PCC channels $660 mn of new capital into Lloyd’s in Q4 2025, emerging as a preferred ILS route for syndicates and investors
Hong Kong Insurance Authority reviews RBC rules, weighing stablecoin, crypto capital
Hong Kong’s insurance regulator is reviewing its RBC regime, including capital treatment for stablecoins and crypto assets, to boost competitiveness
Aflac to notify 22.7 mn insurance customers after June cyber incident – Case study
Aflac has completed a review of files tied to a June cybersecurity incident and has begun notifying roughly 22.65 mn affected individuals
Allstate plans fresh Illinois home insurance rate hikes up to 10.4% in 2026
Allstate seeks new homeowners rate increases in Illinois, citing weather losses and repair costs, with some policyholders facing hikes above 10%
Reinsurance prices soften as capital swells ahead of 2026 renewals
Rising reinsurance capacity and record capital levels drive softer pricing and tougher competition at Jan. 1, 2026 renewals, Guy Carpenter & Co say
Tiffany Norman to lead Hannover Life Re US as President and CEO
Hannover Life Reassurance Company of America names Tiffany Norman as president and CEO, effective Jan. 1, 2026, following Pete Schaefer’s retirement
Warren Buffett stepped down as Berkshire Hathaway CEO after reshaping insurance
Warren Buffett retires as Berkshire Hathaway CEO, closing a decades-long run that turned a small insurer into a $1 tn powerhouse
Beneva completes Gore Mutual merger after regulatory approval
Beneva finalises its merger with Gore Mutual after regulatory approval, advancing its national expansion and reshaping its Ontario P&C operations
New York Court tosses $410 mn art insurance suit after fire damage
New York Supreme Court dismisses collectors’ $410 mn claim over alleged fire damage to major artworks; appeal is now pending
MetLife Investment Management closes PineBridge acquisition
MetLife Investment Management completes its PineBridge deal, lifting combined AUM to $734.7 bn and extending its global asset management reach.
Freedom Underwriters moves to buy full stake in Concert Group
Freedom Underwriters agrees to acquire all outstanding Concert Group shares, with closing expected in H1 2026 pending regulatory approval
Radian funds Inigo deal with $600 mn intercompany note
Radian Group issues a $600 mn intercompany note to finance its $1.7 bn acquisition of Lloyd’s insurer Inigo, with added regulatory oversight
Hanwha Life acquires Velocity Clearing, Korean insurer entry into U.S. securities market
Hanwha Life has completed the acquisition of a 75% stake in New York-based financial services firm Velocity Clearing, marking a strategic expansion into U.S. capital markets
Largest insurers in Asia-Pacific increased capitalizations
5 of the 20 largest insurers in Asia-Pacific saw their market capitalizations increase sequentially in Q2 2024
Asia is experiencing highest rate of growth in insurtech investments
Asia’s insurtech sector has increased in breadth and depth in recent years. With the region currently poised as the fastest-growing global market for insurtech investmen
AM Best maintained stable outlook on Japan’s life insurance market
AM Best has maintained its stable outlook on Japan’s life insurance market segment, citing in part the prospects for higher premium income
Global Property Catastrophe Rate fell 12% at 1/1, 2026 reinsurance renewals
Guy Carpenter reports global property catastrophe ROL down 12% at Jan. 1, 2026, with excess capacity, stable retentions, and softer terms
European reinsurers hit a wall after years of outperformance
European reinsurers lost momentum in 2025, with softer pricing, FX pressure, and capped earnings growth setting a tougher 2026
Liberty Mutual upsizes Mystic Re catastrophe bond to $150 mn
Liberty Mutual secures $150 mn of per-occurrence cat bond cover via Mystic Re IV, expanding protection to severe weather and fire risks
Coalition warns 2026 cyber risk shifts toward systemic loss
Coalition executives say 2026 cyber risk will be driven by hidden interdependencies, cloud outages, and supply chain aggregation, not isolated breaches
New Georgia laws reshape courts and health insurance
New Georgia laws taking effect Jan 1, 2026 change court rules, election oversight, insurance notices, healthcare governance, and vehicle registration
M3 Insurance picks SimplePin to automate receivables at scale
M3 Insurance selects SimplePin to automate insurance receivables, cut manual finance work, and gain real-time cash flow visibility
Global dedicated reinsurance capital climbing to $660 bn – Guy Carpenter
Guy Carpenter projects global reinsurance capital will rise 9% in 2025 to $660bn, led by alternative capital growth and strong investor demand
Active Re gains approval to operate as admitted reinsurer in Argentina
Barbados-based Active Capital Reinsurance receives authorisation to operate in Argentina, expanding its Latin America footprint with disciplined growth
Lockton Re launches LNAPS unit to back North American MGAs
Lockton Re opens a London-based North America portfolio solutions team, naming Henrietta Butcher to lead capacity sourcing for MGAs
SiriusPoint unit IMG to buy Assist America in travel assistance deal
SiriusPoint says IMG will acquire Assist America, adding $20mn in assistance revenue and expanding U.S., Asia, and Middle East coverage
Verisk CargoNet warns of holiday cargo theft spike through Jan. 2
Verisk CargoNet flags elevated cargo theft risk from Dec. 23 to Jan. 2, citing an 82% rise in holiday incidents over five years
Howden US blames Brown & Brown culture for mass employee exits
Howden US pushes back against Brown & Brown’s injunction bid, arguing employee departures stemmed from poor management, pay, and culture
Italy fines Ryanair €256 mn over alleged abuse of travel agencies
Italy’s antitrust authority fines Ryanair €256mn, accusing the airline of blocking agency bookings and restricting competition. Ryanair plans to appeal.
Verisk scraps $2.35 bn AccuLynx deal after FTC review delay
Verisk abandons its $2.35bn acquisition of AccuLynx after the FTC failed to complete review by deadline, setting up a possible legal fight
Coupang to pay $1.17 bn after data breach hits 34 mn users
Coupang announces ₩1.69trn ($1.17bn) compensation plan for 34mn users affected by a major data breach, offering purchase vouchers from Jan. 15
Aon sees softer Jan. 1 reinsurance renewals as capital hits $760bn
Aon says record reinsurer capital and a calm 2025 hurricane season drove competitive January renewals, delivering double-digit rate cuts
Tata Steel Netherlands faces $1.6 bn collective action over emissions
Dutch NGO files WAMCA claim seeking $1.6bn from Tata Steel Nederland over alleged health, environmental, and property impacts near IJmuiden
Insurtech Enzo raises €4 mn Seed extension to scale AI water damage tech
Heidelberg-based Enzo secures €4mn in new Seed funding to expand its AI-driven water damage prevention platform and insurer partnerships
Louisiana insurance market softens, but homeowners still feel squeezed
Louisiana agents say availability and pricing are improving as the market softens, yet many homeowners report property insurance premiums remain high.
Ohio House Bill 636 would force OEM parts option into auto insurance policies
Ohio lawmakers propose HB 636, requiring insurers to offer OEM parts options and disclose non-OEM use in auto repair estimates
ACA subsidy cliff could double exchange premiums for Kentuckians
Enhanced ACA tax credits expire in days, pushing 2026 exchange premiums sharply higher for Kentuckians and raising fears of coverage losses
States scramble to limit health insurance premium hikes after ACA subsidy lapse
At least a dozen states are acting to curb health insurance premium increases after Congress let enhanced ACA subsidies expire, leaving millions facing higher costs.
Colorado’s soaring home insurance premiums add new strain to housing affordability
Rising homeowners insurance premiums are becoming a significant new pressure point for Colorado’s already strained housing market, reshaping affordability calculations
Oklahoma insurance proposals spark backlash over lawsuit limits
Oklahoma regulators unveiled insurance proposals critics say dodge premium spikes and tilt the system against policyholders seeking legal relief
Nevada allows wildfire exclusions, reshaping home insurance risk
Nevada will allow insurers to exclude wildfire coverage from homeowners policies in 2026, signaling deeper risk segmentation in property insurance
Title insurance compliance tightens as FinCEN rules loom in 2026
FinCEN AML rules, rate pressure, and state scrutiny reshaped title insurance compliance in 2025, forcing firms to prepare for sweeping change
Atmospheric rivers raise California flood risk as insurance gaps grow
Climate change is intensifying California’s atmospheric rivers, increasing flood and mudslide risk while most homeowners lack flood insurance
China’s non-life insurance sector maintained strong financial stability in Q1 2025
Fitch Ratings reports that China’s non-life insurance sector maintained strong financial stability during the first quarter of 2025
Court voids residential exclusion in New York fire excess insurance coverage case
Federal court orders excess insurer to cover Manhattan fire losses, ruling a residential exclusion created illusory coverage due to mutual mistake
Flood insurance coverage worth $1.3 tn sits on the edge of expiring, marked as the deadline. Congress hasn’t agreed on an extension
Discover how motor vehicle tort cases added $42.8 bn in excess litigation costs in 2014–2024. Triple-I highlights rising case volumes and the impact on insurance costs
Dynamic trends are influencing the size and complexity of claims around the world. Proactive claims management can help organizations recover swiftly after a loss event and manage potential claims exposures.
Geoeconomic fragmentation makes managing global risks like climate, cyber, and pandemic risks more difficult for insurance and reinsurance sectors