Spirit Airlines shuts down after 34 years as fuel costs and debt overwhelm carrier
Spirit Airlines ceased operations after rising fuel prices, failed merger attempts, and bankruptcy pressure pushed the budget carrier into liquidation
News
Specialty insurance rates in 2026 soften faster than expected, WTW’s SIMS survey shows
WTW’s SIMS survey shows specialty insurance rates fell sharply in 2025 and early 2026, with property, energy, marine, and liability lines diverging
El Niño raises hurricane risk for Hawaii and California
AccuWeather expects an above-average 2026 Pacific hurricane season as warm ocean waters and El Niño conditions increase storm risks
Insurtech Root posts record Q1 net income of $35.9 mn as AI automation expands
Insurtech Root Insurance reported record quarterly profit as the insurtech expanded AI-driven underwriting, claims automation, and distribution partnerships
New York $268 bn budget plan includes auto insurance reforms and consumer protections
New York’s proposed $268 bn budget includes auto insurance reforms, consumer protections, tax measures, and dispute over whether lawmakers reached final agreement
US prosecutors charge 30 in insider trading scheme
Federal prosecutors charged 30 people in a decade-long insider trading scheme tied to stolen merger information from major law firms
NextLadder Ventures launches $1 bn AI mobility initiative
NextLadder Ventures will deploy $1 bn into AI-powered navigation tools focused on financial health, careers, benefits access, and economic mobility
XBOW raises new Series C funding for AI cybersecurity platform
XBOW secured additional Series C funding to expand its autonomous offensive security platform for enterprise cybersecurity teams
Peter Thiel’s Founders Fund raises $6 bn for late-stage tech bets
Peter Thiel’s Founders Fund secured $6 bn for a new late-stage investment fund targeting AI, defense, fintech, and large private tech firms
Stablecoins and tokenization push crypto beyond speculation, Andreessen Horowitz says
Stablecoins, tokenized assets, and onchain finance continue expanding as crypto infrastructure moves deeper into payments and capital markets
Andreessen Horowitz launches $2.2 bn crypto fund
Andreessen Horowitz unveiled a $2.2 bn crypto fund focused on blockchain infrastructure, stablecoins, tokenization, and decentralized finance
Spring Labs raises $5 mn for AI compliance platform led by BankTech Ventures
Spring Labs secured $5 mn to expand its AI-driven compliance workflow platform for banks, sponsor banks, and fintech companies
Haun Ventures raises $1 bn for crypto and AI startups
Haun Ventures secured $1 bn across two new funds targeting crypto infrastructure, tokenisation, and AI-driven financial systems
DeepInfra raises $107 mn in Series B funding to expand AI inference cloud
DeepInfra secured $107 mn in Series B funding to scale its AI inference infrastructure and expand global compute capacity
Insurtech Reserv raises $125 mn in Series C to expand AI-native insurance claims platform
Insurtech Reserv secured $125 mn in Series C funding led by KKR to scale AI-driven claims processing across the P&C insurance industry
LakeFusion raises $7.5 mn for AI-ready data management
LakeFusion secured $7.5 mn in Seed funding to expand its Databricks-native MDM platform for AI-ready enterprise data infrastructure
JuliaHub raises $65 mn in Series B funding to scale Dyad AI engineering platform
JuliaHub secured $65 mn in Series B funding to expand Dyad, its AI platform for industrial system modeling and digital engineering
Iterative Health raises $77 mn in Series C funding to expand AI-driven trial network
Iterative Health secured $77 mn in Series C funding to scale its AI-powered clinical research network across new therapeutic areas and regions
Squads raises $18 mn for Solana-based stablecoin treasury platform
Squads secured $18mn led by Solana Ventures to expand Altitude, its stablecoin-based financial operating system for global businesses
Rogo raises $160 mn to expand AI platform for finance
Rogo secured $160 mn in Series D funding to scale its AI platform, expand globally, and deepen partnerships with major financial institutions
Point2 Technology extends Series B to $76 mn for AI data center interconnects
Point2 Technology expanded its Series B to $76 mn to speed deployment of RF-based interconnects for AI data center infrastructure
AcuityMD raises $80 mn in Series C to expand AI platform for MedTech
AcuityMD secured $80 mn in Series C funding to expand AcuityAI, deepen its MedTech data model, and scale across the medical device sector
Coral raises $12.5 mn to automate healthcare admin work
Coral raised $12.5mn from Lightspeed and Z47 to automate healthcare back-office workflows across fax, EHR, payer portals, and patient intake.
Artemis launches with $70 mn to rebuild SIEM around AI-native cyber threat detection
Cybersecurity startup Artemis has emerged from stealth with $70 mn in funding to challenge the traditional security information and event management market through an AI-driven security operations platform
PZU is acquiring MetLife Ukraine, the leading life insurer in the Ukrainian market
Polish PZU will acquire 100% of MetLife Ukraine, strengthening its life insurance position in Eastern Europe while MetLife continues normal operations until completion
Iowa lawsuit targets premium-financed life insurance strategy
An Iowa widow has filed suit over a complex life insurance structure that, she claims, turned a debt-free farm into a leveraged risk
Texas homeowners urged to secure flood insurance cover before hurricane season
Officials across Texas are pushing homeowners to arrange flood insurance ahead of hurricane season, warning that standard policies leave a major gap
Canada updates insurance dispute framework with stronger oversight
Canadian Council of Insurance Regulators has revised its ombudservices framework to tighten cooperation, improve data sharing, and strengthen consumer dispute resolution
Insurtech Lemonade Q1 2026: Revenue jumps 71% as AI drives growth
Insurtech Lemonade reported in-force premium of $1.33 bn, up 32%, extending a ten-quarter run of accelerating growth. Revenue climbed faster, rising 71% to $258 mn
European insurers and reinsurers raise private credit exposure to 5.8% of portfolios
S&P Global Ratings says European insurers are increasing private credit allocations while managing risk and liquidity constraints
RenaissanceRe sees stronger reinsurance demand ahead of mid-year renewals
RenaissanceRe says new reinsurance demand is running above January expectations, with Florida and U.S. property cat still offering profitable growth
Global cyber insurance nears pricing floor as risks and competition rise
The global cyber insurance market is approaching a turning point, according to Richard Clapham, as pricing declines, exposures grow, and threat activity remains elevated
U.S.-Iran conflict reshapes airline insurance renewals across Middle East
WTW says U.S.-Iran tensions are driving aviation insurance pricing pressure, with hull war and liability rates set for tougher renewals in 2026
Ripe launches ChatGPT app for Cycleplan cycling insurance
Ripe launched a ChatGPT app for its cycling insurance brand Cycleplan, allowing users to receive real-time quotes through a conversational interface
Stephen Fry injury insurance claim highlights event liability risks
Stephen Fry files £100k claim after fall at London tech event, raising scrutiny on safety controls and insurance coverage
Bank of England plans stricter capital rules for funded reinsurance
The Bank of England, through its supervisory arm Prudential Regulation Authority, outlined plans to tighten capital treatment for funded reinsurance deals
Neutrinos named Leader in insurance document AI by Everest
Neutrinos ranked as a Leader in Everest Group’s 2026 assessment of insurance document processing platforms
Insurtech Duck Creek launches AI tool to cut insurance product build time
Duck Creek introduced an agentic AI configurator aimed at reducing product setup timelines and simplifying deployment across insurers
Colorado advances bill to cut insurance costs with roof grants
Colorado lawmakers moved to address rising homeowners insurance costs, passing SB26-155 in the Senate. The bill targets wind and hail damage, a major driver of claims
New Jersey’s Travel Insurance Act sets new rules for travel insurance sales and licensing
New Jersey’s Travel Insurance Act introduces licensing, compliance, and disclosure standards for insurers, producers, and retailers
New York weighs tighter approval rules for auto insurance rates
New York could require insurers to seek state approval for any auto rate increase as lawmakers debate reforms tied to the delayed budget
Hail claims disputes rise as U.S. home insurance pressure builds
Homeowners challenge claim denials as storms intensify and insurers tighten payouts across high-risk regions
Hanover Insurance Group earnings preview: reserves, pricing and growth in focus
Investors watch how The Hanover Insurance Group manages liability reserves and pricing as Q1 earnings approach
Japan corporate health insurers face $41 bn deficit in FY2026
More than 70% of large-company health insurance societies in Japan are expected to run deficits as costs tied to ageing and childcare rise
Ethiopia opens insurance market to foreign investors under draft law
Ethiopia plans to allow foreign insurers for the first time in decades, aiming to boost competition, capital, and coverage
Indonesia halves accident insurance premiums for informal workers
Indonesia introduced a 50% reduction in work accident and death insurance premiums for non-wage earners under the JKK-JKM schemes
Germany health reform targets €16 bn in insurance savings – Friedrich Merz
Germany’s Cabinet approved a health care draft law aimed at limiting insurance premium increases, though doctors and patient groups call it austerity
Tornado losses in Wisconsin highlight insurance gaps as storm claims surge
EF-2 tornado damage in Wisconsin underscores rising storm losses and the need for clearer homeowner coverage understanding
Claim Ready finds coverage gaps in 80% of home insurance policies in Georgia and South Carolina
Claim Ready analysis of 15 home insurance policies found recurring gaps in code upgrade, water backup, mold, liability, and rebuild protection
Sompo backs insurtech Zego with $28 mn to develop telematics insurance in Japan
Sompo and Zego partner to build AI-driven, usage-based motor insurance products tailored for the Japanese market
SoundHound AI to acquire LivePerson in $250 mn enterprise value deal
SoundHound AI will acquire LivePerson to combine voice AI, agentic automation, and digital messaging across enterprise customer service workflows
Intuitech and UNIQA have unveiled NiQA, a next-generation AI claims platform
Intuitech and UNIQA have unveiled NiQA, a next-generation AI claims platform capable of handling complex insurance claims entirely autonomously
UNIQA raises solvency ratio to 275% after strong 2025
UNIQA increased premiums to €8.4 bn, lifted profit before tax to €516.4 mn, and strengthened its Solvency II ratio to 275% in 2025
UNIQA partners with insurtech bsurance to launch embedded insurance platform
UNIQA teams up with bsurance in Austria to integrate insurance directly into digital purchase journeys across e-commerce, retail, and travel
Insurtech Simply Business launches ChatGPT app for instant insurance pricing
Simply Business rolls out a ChatGPT app in the U.S. and UK, offering small businesses fast indicative insurance pricing with minimal inputs
AI insurtech Cytora integrates LexisNexis data to automate U.S. underwriting
Cytora partners with LexisNexis Risk Solutions to embed data and analytics into AI-driven underwriting workflows for faster risk decisions
Liberty Mutual taps insurtech Ethos to launch instant digital life insurance
Liberty Mutual partners with Ethos to deliver a fully digital, no-exam life insurance journey with instant decisions
Courier Health raises $50 mn to scale AI patient engagement platform
Courier Health secures Series B funding to expand its AI platform addressing fragmented patient journeys in life sciences
BayCare pilots hospital robotics with Rovex to streamline logistics
BayCare tests robotic transport workflows with Rovex to reduce operational strain and improve efficiency across hospital operations
Cyera acquires Ryft for up to $130 mn to expand AI data security
Cyera buys Ryft to strengthen controls over AI-driven data access as enterprises face rising risks from autonomous systems
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
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
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges