Helios Underwriting trims Lloyd’s capacity to £467 mn for 2026
Helios Underwriting expects £467m of managed Lloyd’s capacity for 2026, down 5%, with higher freehold exposure and portfolio adjustments
News
US P&C insurance returns peak in 2025 as growth slows into 2026
Swiss Re Institute says US P&C underwriting hit a cyclical peak in 2025, with ROE set to ease and premium growth slowing through 2026-2027
Allianz invests in UK insurtech Wrisk in £12 mn Series B round
UK insurtech Wrisk secures investment from Allianz as part of its £12m Series B, backing data-driven insurance for automotive OEMs
Swiss insurtech Credura launches AI insurance adviser for households
Swiss InsurTech Credura launches a FINMA-licensed AI insurance adviser for private clients, automating policy management, analysis, and optimisation across insurers
Professional Insurance Agents NY backs Gov. Kathy Hochul focus on rising insurance costs
PIA New York welcomed Gov. Kathy Hochul’s State of the State focus on P&C insurance, citing rising auto premiums, fraud, and outdated laws straining consumers
AXA XL Reinsurance names Julian Longbottom global head of Marine & Energy
AXA XL promoted Julian Longbottom to global head of Marine & Energy Reinsurance and appointed Jamie Pedro head of Specialty Reinsurance in Bermuda, effective January 2026
Insurtech Root embeds auto insurance quoting into Kikoff personal finance platform
Root Insurance partnered with Kikoff to offer in-app car insurance quotes and purchases, targeting credit-focused users with data-driven pricing and mobile-first coverage access
Insurtech SelectQuote closes $415 mn credit facility to extend debt maturity to 2031
SelectQuote secured a $415 mn credit facility led by Pathlight Capital and UMB Bank, refinancing term debt, boosting liquidity, and extending maturities to 2031
Definity closes C$3.3 bn acquisition of Travelers Canada insurance operations
Definity Financial completed its nearly C$3.3 bn cash acquisition of Travelers’ Canadian personal and commercial insurance businesses, reshaping the country’s P&C rankings
Osapiens reaches unicorn status with €85.8 mn Series C led by Decarbonization Partners
Mannheim-based osapiens secured €85.8 mn in Series C funding led by Decarbonization Partners, lifting the ESG software provider to unicorn status
US Judge dismisses CrowdStrike shareholder fraud suit tied to 2024 global outage
A US federal judge dismissed a shareholder lawsuit accusing CrowdStrike of hiding software testing failures ahead of the July 2024 outage, allowing plaintiffs to amend
Tesla enters mediation with EEOC over racial harassment claims
Tesla agreed to mediation with the EEOC over claims of widespread racial harassment at its Fremont plant, pausing parts of discovery as talks move toward spring
Adjusters launch InsuranceClaim123 to audit insurers’ damage estimates
Two independent adjusters unveiled InsuranceClaim123, a $295 AI-assisted review tool that flags potential gaps in insurers’ property damage estimates without an on-site inspection
Insurtech BirdsEyeView raises seven-figure funding to scale wildfire risk models
ESA-backed InsurTech BirdsEyeView secured new funding led by 24 Haymarket to expand internationally and accelerate live, AI-driven wildfire risk modelling
Cyber and AI dominate global risk outlook for 2026, Allianz finds
The Allianz Risk Barometer shows cyber risks holding first place for a fifth year, while artificial intelligence surged to second as companies brace for wider exposure
Berkshire Hathaway launches primary casualty policies as Italy expansion continues
Berkshire Hathaway Specialty Insurance expanded in Italy with modular primary casualty coverage for national and multinational risks, written on a net basis without reinsurance
Aon updated findings from its study of US commercial health insurance claims
Aon’s multi-year analysis of US health claims shows long-term GLP-1 use slows medical cost growth and delivers significant cardiovascular and cancer-risk reductions, especially for women
Aon expands data center insurance program to $2.5 bn capacity
Aon increased capacity for its Data Center Lifecycle Insurance Program to $2.5 bn, responding to rising AI, cloud, and digital infrastructure investment
Sedgwick launches London-based global specialty platform for complex losses
Sedgwick rolled out a global specialty platform in London to handle large, complex losses, expanding marine and energy capabilities with senior hires and 100+ adjusters
Arizona names Charles Bassett to lead insurance and financial regulator
Gov. Katie Hobbs appointed longtime policy attorney Charles Bassett as director of Arizona’s insurance and financial institutions department, ending an extended leadership transition
INNOVA joins EU-backed HARD2SCALE project to scale deep-tech for industry
INNOVA joined the EU-funded HARD2SCALE initiative to support scaling deep-tech solutions for energy-intensive and hard-to-abate industries across Europe
Ebantic restructures operations into four units focused on industry, media, AI
Ebantic launched four business units – Industry, Media, Consultancy, and Lab – reorganising its technology services around industrial software, digital media, AI, and innovation
Nymiz raises €2 mn to scale privacy platform and prepare US expansion
Privacy-tech firm Nymiz secured €2 mn led by TIN Capital to accelerate its anonymisation platform, deepen its European footprint, and prepare a US launch in 2026
Most of the leading Korean Life Insurers reported a drop in shareholders’ equity
Fitch Ratings’ assessment of the company profiles of its rated Korean life insurers takes into consideration the insurers’ operating scale, franchise value, business risk profiles
Florida bill raises hurricane fund retention and reshapes insurer reimbursements
Florida lawmakers proposed HB 1349 to lift the Hurricane Catastrophe Fund retention to $8.5 bn, revise insurer multiples, and expand reimbursement to loss adjustment expenses
Illinois Bill 4373 sharpens limits on auto glass insurance claims as ADAS rules expand
Illinois lawmakers are reviewing HB 4373, a proposal that would block assignment of rights in auto glass claims, restrict repair shop practices, and add ADAS calibration disclosures
Victorian bushfires in Australia trigger 1,386 insurance claims as total losses hit 30%
Insurers logged 1,386 claims from Victoria’s January bushfires, with 30% of property claims total losses, as the ICA activates its catastrophe response
Niyam Group secures Lloyd’s approval for India-focused Syndicate 2047
Lloyd’s granted in-principle approval for Niyam Group’s Syndicate 2047, targeting Indian market risks with underwriting set to start in April 2026
Mosaic Insurance launches Bermuda excess casualty line as loss severity pressures rise
Mosaic Insurance added excess casualty as its eighth underwriting line, deploying up to $10 mn per risk from Bermuda amid social inflation and litigation-driven volatility
Allianz partners with Anthropic to roll out responsible AI across operations
Allianz SE and Anthropic formed a global partnership to deploy agentic AI with human oversight, targeting automation, compliance, and responsible use across insurance operations
Baldwin Group acquires Philadelphia-based insurance broker Capstone Group
The Baldwin Group bought Capstone Group, expanding its US brokerage footprint and adding a fast-growing independent firm focused on risk management and employee benefits
Insurtech Optalitix partners with Dutch MGA Intermont to overhaul pricing systems
Optalitix will replace Intermont’s Excel-based underwriting with cloud pricing platforms, marking its first major deployment in the Netherlands and targeting faster quotes and deeper portfolio insight
Santam launches Lloyd’s policy administration system with Alchemy and Buckhill
Santam, Alchemy Technology Services, and Buckhill delivered a new Lloyd’s PAS for Syndicate 1918 in under three months, replacing legacy systems with a cloud-based, ecosystem-led model.
WithCoverage raises $42 mn Series B to replace commission-based insurance brokers
WithCoverage, an AI-enabled risk management platform positioning itself as a replacement for traditional insurance brokers for fast-growing companies, has closed a $42 mn Series B
CyberTech Zepo Intelligence raises €12.8 mn to counter AI-driven social engineering
Spanish cybersecurity startup positions agentic human-risk defence as generative AI reshapes attack patterns across enterprises
Ex Nunc Intelligence raises €1.8 mn pre-Seed to build legal AI infrastructure
Oversubscribed round backs Lausanne LegalTech startup positioning Silex as a foundational layer for trusted legal intelligence in Europe
FluoSphera raises €1.23 mn to push multi-tissue drug discovery beyond animal models
The Geneva spin-off is scaling its patented human-relevant platform as pharma looks for faster, safer preclinical validation
Nuclera adds $12 mn to Series C as investors back AI-ready protein platforms
Cambridge-based biotech lifts total Series C to €74 mn, expanding antibody expression and validation inside its benchtop discovery system.
Georgia fines health insurers $25 mn for mental health parity violations
Georgia enforcement follows a multi-year review process, with regulators citing systemic failures in coverage for mental health and substance use care
Illinois homeowners face renewed premium pressure after Allstate files $58 mn hike
A new Allstate rate filing affecting nearly 300,000 households revives debate over insurance oversight, market competition, and the role of state regulators
US auto insurers cut rates nationwide as claims retreat, gaps widen
Auto insurers across the U.S. are cutting vehicle insurance rates after a sharp pullback in claims, a reversal few predicted following years of post-pandemic premium hikes.
Westland Insurance expands Ontario footprint with PV&V acquisition
Westland Insurance has acquired PV&V Insurance Centre Ltd. and Meester Insurance Centre, together operating as PV&V Insurance Centre
eMaxx launches Arkansas-domiciled reciprocal to expand alternative risk platform
New policyholder-owned exchange backs captive strategy, targets rising loss costs and social inflation through shared governance and strict risk controls
War insurance rates spike for Black Sea shipping after tanker drone attacks
Premiums for vessels heading to Russian and Ukrainian ports jump toward 1% of ship value as insurers reassess rapidly escalating risks in the region
INSURICA closes largest acquisition with First Light Program Managers deal
The Florida-based wholesale and delegated underwriting platform strengthens INSURICA’s push into transportation and specialty E&S lines amid a tightening commercial auto market
Commercial property rates fall double digits as capacity floods back
Buyers closed year-end renewals with sharp reductions as reinsurers cut pricing, catastrophe losses stayed muted, and insurers pushed for growth
Amanda Crawford will lead the Texas Department of Insurance
Amanda Crawford will take over leadership of the Texas Department of Insurance next month, stepping in as the state oversees the second-largest insurance market in the U.S.
U.S. Supreme Court leaves Boy Scouts $2.46 bn abuse settlement intact
Court refusal clears path for payouts to survivors while blocking new lawsuits against sponsoring organisations tied to historic abuse claims
Alliant Insurance joins growing wave of lawsuits accusing Howden US of broker poaching
Alliant Insurance Services sued Howden US and three former employees, alleging coordinated resignations, misuse of confidential data, and a broader strategy to strip teams from rival brokers
Vermont drops sexual assault charges against former AIG executive David McElroy
Prosecutors dismissed the case without prejudice, citing the accuser’s inability to participate, leaving the door open for charges to be refiled
Florida Citizens Insurance policyholders to see average 8.7% rate cut as enrollment drops
State-backed insurer posts its largest reduction in a decade, with South Florida homeowners seeing double-digit relief as policies shift back to the private market
Auto insurance premiums in California continue to climb
Auto insurance premiums in California continue to climb, placing the state third nationwide for rate increases despite a broader national slowdown in pricing
Illinois extends enrollment deadline for health plans as subsidy cliff hits
Illinois residents get extra time to enroll through the state marketplace as expired federal subsidies push 2026 premiums sharply higher nationwide
SME cyber insurance demand driven by advisers and AI risk fears
GlobalData survey shows brokers and AI-related risk concerns now drive SME cyber insurance uptake, as gaps in standard policies raise coverage questions
Insurtech Corgi raises $108 mn to launch AI-native insurance carrier for startups
Startup insurer Corgi secured $108 mn from YC and others after regulatory approval, scaling its AI-driven, full-stack insurance model for tech companies
ATA launches $750 mn insurance facility for global AI infrastructure
London-based ATA unveiled a $750 mn insurance facility backed by top reinsurers to cover large-scale AI and data center projects worldwide
Zurich Insurance Asia Pacific launches Edge Assist to boost digital insurance
Zurich Insurance Asia Pacific debuts Edge Assist, a unified digital platform enhancing sales, service, and claims for agents and customers across markets
Insurtech Convr AI expands commercial P&C underwriting workbench with agentic AI
Convr AI expands its commercial P&C underwriting workbench with agentic AI, UI upgrades, and deeper ontology-driven decision support
Saudi insurer Walaa deploys CoverGo’s digital health insurance claims platform
Saudi insurer Walaa deploys CoverGo’s digital health claims platform to bring claims in-house, cut costs, and support growth in its health portfolio
Insurtech Akur8 acquires Matrisk to add AI filings intelligence to pricing
Akur8 buys Matrisk and launches Akur8 Discover, adding AI-powered regulatory filings search and market intelligence to its P&C pricing platform
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
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
Insurance brokers push debt-financed acquisitions amid slowing growth, Fitch warns credit risks rise but strong cash flow keeps leverage tolerable