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
News
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
Insurtech Roots launches AI claims accelerator for Guidewire ClaimCenter
Roots releases a Guidewire-validated AI accelerator that automates claims document processing inside ClaimCenter on Guidewire Cloud
Insurtech Kita launches NPI cover for carbon and natural capital finance
Kita expands carbon insurance with a Lloyd’s-backed non-payment policy targeting lenders funding carbon and nature-based projects
Neptune Flood adds Lloyd’s capacity via Somers Syndicate 3705
Neptune Flood partners with Somers Syndicate 3705 to expand Lloyd’s-backed capacity as private US flood insurance demand keeps climbing
Brit Re launches property D&F underwriting in Bermuda market
Brit Group starts writing US and global property direct and facultative risks from Bermuda via Brit Re, targeting complex industrial and realty exposures
Turkey property-CAT reinsurance rates fall 15% as Jan renewals soften
Gallagher Re says Turkiye’s Jan 2026 property-CAT renewals saw 15% rate drops, heavy oversubscription, and easing pressure on parametric covers
Australia storms across Queensland and New South Wales cause A$2.7 bn insured loss – PERILS
PERILS estimates A$2.663 bn insured losses from late November storms in Queensland and NSW, driven by extreme hail and wind damage
Polo Managing Agency launches three new Lloyd’s syndicates for 2026
Polo Managing Agency brings three new Lloyd’s syndicates live in 2026, spanning trade credit, reinsurance, and retrocession busines
Ohio court revives worker’s bid for added insurance and comp benefits
An Ohio appeals court says a juvenile corrections officer showed enough evidence to try claims that a work injury worsened prior conditions
Erste Group sells €10 bn SRT to insurers to fund Santander Poland deal
Erste Group transfers risk on €10bn of loans to insurers, freeing capital as it closes a €7bn stake purchase in Santander Bank Polska
Statera Managing Agency wins Lloyd’s approval to run Syndicates 4242 and 1416
Statera Managing Agency secures Lloyd’s approval, bringing Syndicates 4242 and 1416 fully in-house under Octave Ventures
North Carolina’s insurance commissioner urges Trump not to pardon Greg Lindberg
North Carolina’s insurance commissioner presses the White House to reject a pardon for Greg Lindberg as GOP senators back opposition
Florida insurance broker gets 35 months for $134 mn ACA enrollment fraud
A federal judge sentenced a Pembroke Pines insurance broker to nearly three years in prison for a $134mn Affordable Care Act fraud scheme
California pushes AI rules despite Trump threats and tech pressure
California lawmakers press ahead with AI regulation despite Trump’s funding threat, as tech giants warn rules could drive companies out
Drone attack hits Russia-bound tanker in Black Sea, shipping insurance rates are expected to rise
A Palau-flagged tanker bound for Russia reported a drone attack in the Black Sea and diverted to Turkey
BioTech Engitix lands €21 mn extension to push ECM cancer therapies
London-based Engitix secures a €21mn Series A extension to advance ECM-targeted oncology and fibrosis drug programs
Equitable Earth raised €12.6 mn to scale nature-based carbon certification
Paris-based Equitable Earth (formerly ERS), a provider of certification for nature-based carbon projects, closed a €12.6 mn Series A round to push the expansion
MedTech FineHeart raised €35mn Series C and €48 mn in EU grants
French MedTech FineHeart raises €35mn Series C and €48mn in EU grants to scale its FlowMaker device for advanced heart failure
HealthTech Tucuvi raised €17 mn to scale certified voice AI in healthcare
Madrid-based Tucuvi secures €17mn Series A to expand its certified voice AI platform across European and US healthcare systems
Insurtech Acrisure to buy MGA Efficient Insurance Solutions, expand EIS
Acrisure agrees to acquire Efficient Insurance Solutions, taking full ownership and planning to scale the MGA’s delegated underwriting platform
Dai-ichi Life backs first CCS bond with ¥4.7bn Port of Rotterdam deal
Dai-ichi Life invests ¥4.7bn, about $30mn, in the first carbon capture bond issued by the Port of Rotterdam, taking over half the deal size
InsureVision launched TeslaStick and FleetVision, video-based underwriting AI tools
InsureVision debuts video-based underwriting tools at CES 2026, targeting personal auto and fleet losses with contextual driving risk AI
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
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
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