Karen Bass says Trump oversteps on LA wildfire rebuild permits
LA Mayor Karen Bass pushes back on Trump’s executive order to speed wildfire rebuilding, saying permit control sits locally and insurers, FEMA need pressure
News
Medicare Advantage 2027 shock rattles health insurers, wipes $ bn in value
A proposed 0.09% Medicare Advantage payment update for 2027 triggers a sharp selloff in US health insurers, forcing a rethink of margins, benefits, and capital plans
Startup Paraglide raises €4.2 mn to automate accounts receivable with AI
Malmö-based Paraglide secures €4.2 mn Seed funding led by Bessemer and DN Capital to scale AI agents for accounts receivable across Europe
ZOHO VC secures 70% of €10 mn debut fund at first close
ZOHO VC, backed by ZOLLHOF Tech Incubator, reaches €7 mn first close for its debut fund, targeting pre-Seed and Seed tech startups in Europe
Ascension Ventures secures £10 mn to back UK pre-seed founders
Ascension Ventures receives up to £10m from the British Business Bank to expand regional access to pre-seed and seed capital across the UK
Helium Ventures acquires insurtech InsurGrid to scale AI-driven P&C data platform
Helium Ventures acquires InsurGrid, the P&C policy data platform used by 2,500+ agents, accelerating AI-led automation and growth across insurance agencies.
Armilla AI expands standalone AI liability cover to $25 mn limits
Armilla AI increases AI liability limits to $25m with all-risks coverage as insurers add generative AI exclusions across cyber, E&O, and liability policies
Defaqto acquires the Market Pricing Business of Pearson Ham in £11 mn deal
Defaqto strengthens UK insurance data capabilities with a £11m acquisition of Pearson Ham Group’s Market Pricing Business via parent company Fintel
Skyway Underwriters partners with ResiQuant to modernise coastal wind underwriting
Skyway Underwriters deploys ResiQuant’s AI platform to scale building-level coastal wind underwriting across Florida apartment and assisted living markets
Tokio Marine invests $5 mn for minority stake in insurtech Igloo
Tokio Marine acquires a 1.65% stake in Singapore-based insurtech Igloo as it accelerates embedded insurance and digital retail expansion in Southeast Asia
Insurity launches expanded partner program for P&C insurers
Insurity introduces a new partner program to strengthen collaboration with 200+ SI, technology, and services partners across the P&C insurance ecosystem
Vanagon Ventures closed €20 m fund to back Europe’s deep-tech founders
Munich-based Vanagon Ventures raises €20m Fund I to invest at pre-seed and seed stage in AI, quantum, and industrial deep-tech startups
HealthTech Benepass raised $40 mn as employers brace for rising healthcare costs
Benepass secures $40m Series B funding to expand its benefits capital management platform as US healthcare costs are forecast to rise nearly 10% in 2026
Fintech Zocks raises $45 mn Series B to scale AI for financial advisors
San Francisco-based Zocks secures $45 mn in Series B funding to expand its privacy-first AI platform for financial advisors, bringing total funding to $65 m
Marsh Risk expands Nimbus data center insurance to $2.7 bn capacity
Marsh Risk increases Nimbus facility limits to $2.7bn for large-scale data center construction projects across major global markets
Insurtech Mantas raises $1.8 mn to insure cloud outages with parametric cover
Digital risk startup Mantas exits stealth with $1.77m seed funding to launch parametric insurance for cloud outages across MENA and North America
Zurich Resilience Solutions launches dedicated data center risk advisory practice
Zurich Resilience Solutions forms a data center risk advisory unit with 100+ engineers as global investment and AI-driven facilities accelerate
Fitch sees softer US P&C insurance pricing in 2026, reinsurer outlook weakens
Fitch Ratings expects US P&C market softening in 2026 amid pricing pressure, while global reinsurance faces weaker conditions despite strong capital levels
New Jersey mandates licenses and insurance for e-bike riders
New Jersey enacts new e-bike law requiring licensing, registration, and insurance after a series of fatal crashes involving young riders
US health insurance coverage tracks income as Trump unveils reform plan
Private health insurance coverage in the US rises sharply with household income, as Donald Trump submits a healthcare reform proposal to Congress
Global AI deploys agentic AI for regulated insurance workflow in Europe
Global AI implements its agentic AI platform for a European insurer, automating a compliance-critical workflow within strict security and regulatory controls
Jane Kim enters California insurance commissioner race with public option plan
Former San Francisco supervisor Jane Kim launches bid for California insurance commissioner, proposing a state-backed insurance option and tighter industry oversight
Hawaii homeowners insurance rates surge amid wildfire and reinsurance strain
Hawaii insurers push double-digit homeowners rate increases as wildfire losses, inflation, and rising reinsurance costs reshape risk pricing
8th U.S. Circuit allows separate loss-of-consortium recovery under UIM insurance policy
8th Circuit rules Missouri spouse can recover loss-of-consortium damages separately under an Auto-Owners UIM policy due to drafting ambiguity
Insurtech Nevado AI launches agentic platform for insurers
Nevado AI debuts an AI-native platform designed to help insurers and financial institutions deploy agentic AI without legacy system constraints
Insurtech XBuild raises $19 mn Series A to scale AI estimating for insurers
San Francisco-based insurtech XBuild secures $19 mn Series A led by N47 to expand its AI-native estimating platform used by contractors and insurers
Insurtech NEXT Insurance rebrands as ERGO NEXT under Munich Re integration
NEXT Insurance adopts the ERGO NEXT brand, deepening integration with ERGO and Munich Re as it scales digital small business insurance across the US
Canada’s insured catastrophe losses reach CAD 2.4 bn in 2025
CatIQ reports CAD 2.4 bn in insured catastrophe losses for Canada in 2025, with ice storms and wildfires driving one of the most active years on record
Gallagher Re: 2025 catastrophe losses stay manageable for insurers
Gallagher Re estimates $129 bn in insured catastrophe losses for 2025, with US storms dominating and capital levels reaching a record $838 bn
Insurtech Stoïk raises €20 mn Series C to scale cyber insurance across Europe
Paris-based insurtech Stoïk closes €20 mn Series C led by Impala and Opera Tech Ventures to expand AI-driven cyber insurance and response across Europe
Insurtech Lemonade launches Autonomous Car Insurance for Tesla FSD drivers
Lemonade introduces autonomous car insurance for Tesla FSD, cutting per-mile rates by about 50% using real vehicle data and AI pricing models
Insurtech Patra expands AI platform to automate 85% of commercial policies
Patra upgrades its AI platform to support up to 85% of commercial policy volume, adding CPP automation, SaaS pricing, and expanded reporting.
Lloyd’s Patriotic Fund rebrands as Lloyd’s Veterans Charity
Lloyd’s Patriotic Fund adopts the name Lloyd’s Veterans Charity, clarifying its mission to support military veterans and families across the Lloyd’s market
Willis expands Synthetik partnership for terrorism risk modelling
Willis broadens its partnership with Synthetik, deploying advanced political violence and terrorism models across client advisory and risk quantification
Fracttal raises $10 mn to scale asset maintenance software globally
Fracttal secures $10 mn led by Kayyak Ventures to expand AI- and IoT-driven asset maintenance across Europe and Latin America
Dutch crypto platform Finst raises €8 mn Series A led by Endeit
Finst secures €8 mn Series A led by Endeit Capital, lifts total funding to €15 mn as MiCAR-licensed crypto platform expands across Europe
Lloyd’s culture survey beats financial services benchmarks
Lloyd’s publishes Culture Survey results, with most scores above financial services benchmarks and strong results across accountability, leadership, and inclusion
Lloyd’s appoints Jim Bichard as CFO, PwC insurance chief joins in 2026
Lloyd’s names PwC global insurance head Jim Bichard as CFO from April 2026, replacing Alexandra Cliff, subject to UK regulatory approval
Greenland tensions raise geopolitical risk stakes for insurers and reinsurers
Tariff threats tied to Greenland sharpen geopolitical risk, forcing insurers, reinsurers, and brokers to reassess political violence, SRCC, and supply chain exposure
Virginia State Police warn of surge in staged crashes and auto insurance fraud
Virginia State Police report a sharp rise in fake crashes and insurance claims, with fraud investigations up 72% year over year.
Oregon weighs wildfire mitigation mandate for home insurance pricing
Oregon lawmakers consider a bill requiring insurers to reflect wildfire mitigation in rates and coverage as rural homeowners face rising costs and limited options
California blocks home insurance non-renewals after Gifford Fire
California Insurance Commissioner Ricardo Lara orders a one-year moratorium protecting nearly 150,000 homeowners from insurance non-renewals after the Gifford Fire
Crowded field emerges for California insurance commissioner race
More than a dozen candidates signal interest in the 2026 California insurance commissioner race as Ricardo Lara exits due to term limits
SCOR and Axa launch Lloyd’s consortium for ecological restoration risk
Scor and Axa form a Lloyd’s consortium to insure ecological restoration projects, aiming to reduce investment risk and scale nature recovery efforts globally
Optio Group takes full control of Italian MGA Heca
Optio Group acquires the remaining stake in Italian MGA Heca, marking its fifth deal in a year as it accelerates European expansion
Ethos targets up to $210 mn IPO as life insurtech returns to markets
Life insurance platform Ethos files for IPO seeking up to $210m, valuing the company near $1.26bn as venture-backed insurtech listings resume
Unicorn Pennylane raises €175 mn to scale AI finance OS for European SMEs
Paris-based unicorn Pennylane secures €175m led by TCV and Blackstone Growth to accelerate AI development and prepare for European market consolidation
Berlin AI startup GeneralMind raises €10.2 mn for ERP automation layer
GeneralMind closes a €10.2 mn pre-seed round to build an AI System of Action that automates workflows across ERP, email, and enterprise tools
Workplace fintech startup Stream raises €76 mn Series D led by Sofina
London-based Stream secures €76 mn in Series D funding to expand workplace finance tools, pensions products, and US operations
Kansas insurance regulator recovers $56.7 mn for consumers in 2025
Kansas Department of Insurance says consumer assistance and life policy searches returned $56.7m to residents in 2025, driven by complaints and claim disputes
Michigan regulator sets AI governance expectations for insurers
Michigan’s insurance regulator issues guidance requiring insurers and financial firms to adopt written AI governance programs focused on consumer protection
Progressive to return up to $950 mn to Florida auto insurance policyholders
Progressive plans up to $950 mn in credits for Florida auto customers after quiet hurricane seasons and post-2023 insurance reforms lifted profits
US insurers back move to scrap Federal Insurance Office
Insurance regulators and trade groups support legislation to eliminate the Federal Insurance Office and reinforce state-based insurance regulation
AIG commits up to $3.5 bn to CVC in credit and PE secondaries deal
AIG strikes a strategic partnership with CVC, committing up to $3.5bn across credit strategies and a private equity secondaries evergreen platform
Zurich Insurance launches £7.7 bn cash bid for Beazley after year-long pursuit
Zurich Insurance goes public with a £7.67bn offer for Beazley, proposing a 56% premium as it seeks scale in specialty insurance
US homeowners face chronic underinsurance as LA wildfire losses mount
Wildfires expose decades of US home underinsurance, with studies showing most policies fall short of rebuilding costs as climate risks and prices rise
UK lawmakers warn regulators lag on AI risks in insurance & financial services
UK MPs urge FCA and Bank of England to tighten oversight of AI in finance, warning of consumer harm and market instability as adoption accelerates
CyberCube flags data discipline as profit driver for cyber insurers in 2026
CyberCube’s 2026 outlook says cyber insurers face pricing pressure, making actionable data, underwriting discipline, and operational efficiency decisive for returns
Reinsurance 2.0 reshapes capacity sourcing through data and capital
Analysts say reinsurance is shifting toward data-led capacity models, with technology, transparency, and diversified capital redefining risk transfer by 2026
European reinsurance profits stay elevated, slowing price reversals
J.P. Morgan says European reinsurance profitability remains far above historical levels, meaning only severe losses would disrupt current pricing trends
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