UnitedHealth profit falls 16% in 2025 as Medicare cuts and cyber costs bite
UnitedHealth Group reports a 16% drop in 2025 profit amid Medicare funding pressure, rising medical costs, and charges tied to the Change Healthcare cyberattack
News
Fulcrum raises $25 mn led by CRV to scale AI automation across US insurance brokers
Insurance automation startup Fulcrum secures $25 mn led by CRV to expand AI-driven servicing across large US brokerage houses
Rising re/insurance M&A activity in 2026 will open fresh opportunities in the run-off market
Rising reinsurance M&A activity in 2026 is likely to open fresh opportunities in the run-off market, as insurers carve out non-core portfolios before and after transactions
Spain enforces mandatory insurance for electric scooters, fines reach €800
Spain has approved a Royal Decree creating a national registry for electric scooters, enabling compulsory insurance enforcement for over four million PMV owners and setting registration rules through 2027
PERILS sets final Windstorm Éowyn insured loss at EUR 765 mn
PERILS issues its final estimate for Windstorm Éowyn, putting insured property losses across the UK and Ireland at EUR 765 mn after limited loss development
Pace secures $10 mn Series A led by Sequoia to scale agentic AI replacing insurance BPO work
Pace secures $10 mn Series A led by Sequoia to scale agentic AI replacing insurance BPO work across submissions, claims, and policy servicing
Sanctions sideline 79 Russian oil tankers and drive up insurance costs
More than 79 sanctioned tankers involved in transporting Russian oil halted operations in 2025, while freight and vessel insurance costs jumped by 40-50%
Insurtech Kin rolls out auto cover in Florida and Texas to enable bundling
Digital insurer Kin launches auto insurance for Florida and Texas homeowners, offering bundled savings of up to 20% in high-cost markets
Atrium Underwriters expands InsurX tie-up as smart follow GWP tops $100 mn
Atrium Underwriters deepens its InsurX partnership, adding independent smart follow capacity as algorithmic property placements pass $100 mn.
Pacific Life seeks dismissal of Kyle Busch’s $8.5 mn life insurance suit
Pacific Life asks a federal court to throw out NASCAR driver Kyle Busch’s lawsuit over indexed universal life policies, calling the claims unfounded
Willis returns to light aviation insurance after 30-year exit
Willis re-enters the light and recreational aviation market after three decades, driven by the arrival of the London-based Crispin Speers team
Insurers brace for Arctic tension, regime shifts, nuclear risk in 2026
BMI’s Yoel Sano flags Arctic disputes, regime change, and nuclear uncertainty as top political risks insurers face heading into 2026 and beyond
Brit renews US hospital liability consortium 7882 with $10 mn capacity
Brit Group renews its US hospital professional liability Consortium 7882 for 2026, offering $10 mn of Lloyd’s-backed capacity amid tighter market conditions
Kansas bill backs tax-free insurance savings accounts for premiums
Kansas Insurance Commissioner Vicki Schmidt supports legislation creating tax-free insurance savings accounts to help cover property and casualty costs
FCA studies long-term AI effects on UK insurance and retail finance
The FCA launches a forward-looking review on AI in insurance and retail finance, weighing innovation, fraud risks, and regulatory readiness
New Mexico bill mandates flood insurance cover after wildfires for five years
A New Mexico proposal would force insurers covering wildfire damage to include flood and debris coverage for five years after a fire is contained
State Farm challenges Illinois plan to police homeowners insurance rates
State Farm CEO Jon Farney clashes with Gov. JB Pritzker over Illinois legislation letting regulators order rebates on homeowners insurance rates
Mississippi lawmakers weighs ban on insurer donations to commissioner races
Mississippi lawmakers review a bill blocking insurance-regulated donors from backing commissioner candidates, drawing pushback from the sitting commissioner
Acceptance Insurance backs Andrés Pérez de Lara for full 2026 Truck Series
Niece Motorsports confirms Andrés Pérez de Lara for the full 2026 NASCAR Truck Series schedule, with Acceptance Insurance as anchor sponsor
Nevada’s Affordable Care Act enrollment slips 5.5% as subsidies fade, officials stay calm
Nevada Health Link reports stable ACA enrollment despite higher premiums and expired subsidies, with public option plans drawing 10% of signups
Connecticut lawmakers question mandate-heavy health insurance plans as costs climb
Connecticut legislators debate soaring health insurance costs as mandated benefits hit 81, raising premiums for individuals, small employers, and ACA enrollees
Enosis Capital lines up $3 bn debt-for-nature deals with AXA XL cover
Enosis Capital teams up with AXA XL to insure a new $3 bn pipeline of debt-for-nature transactions as private capital steps into a stalled market
Lawmakers grill insurers over CEO pay as patients face rising costs
Bipartisan House members question health insurance CEOs on executive pay levels amid affordability pressures and frequent claim denials
Carlos Correa skips World Baseball Classic over insurance dispute
Astros shortstop Carlos Correa withdraws from Team Puerto Rico after insurers declined coverage, exposing rising risk aversion around WBC participation
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
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
Digital-asset adoption keeps rising and so do the risks tied to holding or moving value online. Insurers now face new pressure to design products that respond to crypto-specific threats
Bitcoin ETFs simplify the process. This structure enables you to access your exposure within an asset via an already harmonized structure within the regulations concerning settlement and risk management
Coinbase, one of the most prominent crypto trading platforms in the US, just rolled out a new capability: decentralized exchange trading done in-app
NFTs have a lot of potential in the metaverse. They provide a way to represent ownership of assets, create scarcity, and monetize content