Ancient Financial to acquire F&G Life Re, launch as Bermuda reinsurer
Ancient Financial has signed a definitive agreement to acquire F&G Life Re from a subsidiary of F&G Annuities & Life
News
Insurtech Qumis raises $4.3 mn seed to scale attorney-trained coverage AI
Commercial insurance platform backed by MTech Capital, American Family Ventures as total funding reaches $6.75mn
Gradient AI launched ClaimVector for workers’ comp claims benchmarking
Insurtech Gradient AI, a enterprise software provider of artificial intelligence solutions in the insurance industry, has introduced ClaimVector for Workers’ Compensation
Insurtech Policybazaar launches garage-backed motor plan with Watania Takaful
Policybazaar has introduced Watania Takaful – PB Auto Care Advantage (Pitstop P360), a comprehensive motor plan developed with Watania Takaful and Pitstop Automotive Services
Mistral AI acquires Koyeb to build full-stack AI cloud
Mistral AI has agreed to acquire Koyeb, marking its first acquisition and signaling a shift beyond model development into full-stack AI infrastructure
OSS Ventures raised $47.3 mn to scale in-house software startups
Paris-based OSS Ventures closed the first $47.3 mn for a new vehicle targeting $88.7 mn. The fund will provide follow-on capital to industrial software startups
Startup FYLD raises $41 mn Series B to scale AI for field operations
London-based FYLD, an AI-powered intelligence platform for the infrastructure sector, closed a $41 mn Series B round led by Energy Impact Partners
Startup SurrealDB raised $23 mn, launched v3.0 multi-model AI database
London-based SurrealDB secured a $23 mn extension to its Series A round and released version 3.0 of its multi-model database platform
Spanish Tuio launched first insurer-built AI app approved on ChatGPT
OpenAI has approved the first insurance provider-built AI application to operate inside ChatGPT, clearing the way for real-time insurance distribution within a conversational interface
Insurtech Concirrus unveils AI-native Inspire underwriting platform
Concirrus has launched Concirrus Inspire, an AI-native underwriting platform built for specialty insurers and MGAs seeking faster decision cycles without loosening risk controls
Insurtech Carpe Data names Glenn Shapiro board chairman
Carpe Data appointed Glenn Shapiro as Chairman of its Board of Directors, adding a senior claims executive with more than three decades of experience at major US carriers
Lilypad Insurance adopts ZestyAI roof analytics for coastal underwriting
Insurtech ZestyAI said Lilypad Insurance is implementing its Roof Age and Z-PROPERTY solutions to sharpen property risk assessment
DQPro selects Hartford for US expansion with InsurTech Corridor support
London-based specialty data firm will build US operations in Connecticut, citing access to carriers and regulatory guidance
Comeryx launched AI-native MGA with $7.5 mn backing to automate E&S underwriting
Comeryx has launched as an AI-native managing general agent focused on small business risks and closed a $7.5 mn funding round
AIG takes 35% stake in Convex, 9.9% in Onex in $7 bn tie-up
American International Group, Inc. has completed minority investments in Convex and Onex Corporation as part of a $7bn strategic transaction linking the three groups
Australian Suncorp Group profit slides on A$1.3 bn catastrophe bill
Suncorp Group reported a sharp fall in fiscal first-half earnings after heavy natural catastrophe losses and weaker investment income weighed on results
Talanx completes buyout of Polish insurers Warta and TU Europa stakes
Talanx AG has closed its acquisition of minority stakes in two Polish insurers from Meiji Yasuda Life Insurance Co., ending a strategic cooperation agreement
UK insurers pay £6.1 bn property insurance claims as weather losses climb
Insurers in the United Kingdom paid out £6.1 bn in property claims during 2025, including £1.5 bn in the fourth quarter alone
California moves to tighten insurance rate-review intervenor rules under Prop 103
Ricardo Lara proposes stricter timelines, online disclosures, and revised fee standards for Administrative Hearing Bureau proceedings
House Bill 5608 weighs ban on credit scores in insurance underwriting
House Bill 5608 would bar use of credit history in rating, underwriting, cancellations across personal lines
New York fines Jericho Share $250k for acting as an unlicensed health insurer
New York Regulator says House of Prayer and Life operated as unlicensed health insurer, spent 12.5% of fees on medical claims
Missouri earthquake insurance coverage expands as homeowner take-up falls
Missouri Regulator reports 37% of insurers now write earthquake policies, yet penetration drops to 10.4% statewide
Washington Senate advances wildfire grants and insurance fraud overhaul
Lawmakers approve SB 6079 to fund home hardening and SB 6031 to expand felony fraud definitions and enforcement reach
Health plan sues Cigna over PBM rebates and drug pricing practices
Plumbers Welfare Fund alleges billions in kickbacks, inflated formularies, and rebate routing through Swiss affiliate Ascent Health Services
Michigan bill targets auto application rules and motorcycle insurance claim priority
Senate Bill 782 would end household listing mandates, restrict certain claim denials, and define payment hierarchy in motorcycle accidents
Hiscox Re & ILS rebrands and launches Hiscox Capital Partners
Hiscox Re & ILS has rebranded as Hiscox Re and introduced Hiscox Capital Partners, a platform consolidating the group’s third-party capital operations
Pinion Insurance launches with $180 mn Barings backing
Pinion Insurance has launched as a specialty carrier backed by a preferred equity commitment of up to $180 mn from Barings
California weighs first smoke damage standards for insurance claims
California lawmakers are reviewing Assembly Bill 1795, a proposal to establish the first statewide standards in the US for smoke damage insurance claims
Insurtech Sixfold raised $30 mn Series B to scale GenAI Underwriter platform
Sixfold has secured $30 mn in Series B funding to expand its AI-driven underwriting platform. Brewer Lane led the round, with strategic backing from Guidewire
ZeroDrift raises $2 mn from a16z to automate finance compliance
ZeroDrift has launched with $2m in pre-seed funding led by a16z speedrun, positioning itself as a real-time compliance firewall for regulated industries
Insurtech Wrisk acquires Atto to expand embedded finance and credit intelligence
UK-based insurtech Wrisk has acquired Atto, a real-time financial intelligence platform, as it deepens embedded finance and protection capabilities
Admiral Group to acquire fleet insurtech Flock in £80 mn deal
Admiral Group has agreed to acquire Flock, a UK digital commercial fleet insurtech, in a transaction valuing Flock’s equity at £80 mn
Insurtech mea secured $50 mn from SEP to scale insurance AI platform
AI-native insurtech mea has raised $50 mn in minority growth equity from SEP, marking its first external funding round
Insurtech Lassie raised $75 mn to scale prevention-first pet insurance in Europe
Stockholm-based Lassie has secured $75 mn in Series C funding to expand its prevention-led pet insurance model across Europe
Italian startup Intuos raises €720 k to digitise general aviation fleets
Italian startup Intuos secures €720k to expand fleet management platform into the US after Europe growth and South Africa distribution deal
Full-coverage auto insurance premiums in the US drop 6% in 2025 after a 46% surge
Full-coverage auto insurance premiums drop 6% to $2,144 in 2025 after a 46% surge, but high-cost states climb and 2026 increases loom
Florida Senate panel backs rideshare insurance rollback
Florida SB 632 would cut $1 mn rideshare liability during trip acceptance phase, drawing support from Uber and Lyft and pushback from trial lawyers
Maura Healey proposes $100 mn reduction to Massachusetts from Group Insurance Commission
Gov. Maura Healey proposes $100 mn reduction to Massachusetts GIC funding as medical costs climb 10%, prompting protests and debate
Gov. Ned Lamont pitches Connecticut Option and tax credit for small firms
Gov. Ned Lamont seeks $1 mn to study a Connecticut Option and proposes ICHRA tax credits up to $1,000 per worker for small businesses
Illinois Department of Insurance revises supplier diversity report filing rules
Illinois DOI updates 2026 filing instructions for annual supplier diversity reports, sets asset test, SERFF codes, and scope rules
Georgia lawmakers introduce bill to reform USDA Hurricane Insurance Protection program
Reps. Rick Allen, Buddy Carter and Sanford Bishop introduced the Farmers’ AID Relief Act to amend the USDA’s Hurricane Insurance Protection–Wind Index program
Georgia Insurance Commissioner says Allstate rate cut to save drivers $17.7 mn in 2026
Allstate North American Insurance Company will reduce private passenger auto insurance rates by 5% in Georgia, generating an estimated $17.7 mn in savings for policyholders in 2026
Hong Kong convicts father of activist over insurance policy withdrawal attempt
A Hong Kong court has found the father of overseas activist Anna Kwok guilty under Article 23 after he attempted to cancel her insurance policy and withdraw funds, in a case drawing international criticism
FEMA updated flood maps with 6M window before new insurance rules take effect
FEMA has issued final pending flood maps that may change mandatory flood insurance requirements, giving homeowners six months to review potential impacts before they become effective
Chase launched Chase Protect bundled insurance product in the UK
Chase introduces Chase Protect in the UK, combining travel insurance, mobile phone cover and AA breakdown assistance into a £12.50 monthly bundle integrated within its banking app
Advance raises $8.55 mn seed to modernise insurance payment infrastructure
Advance secures $8.55 mn in seed funding led by nvp Capital to automate premium flows, trust accounts and remittances for insurance intermediaries, turning idle balances into yield
Howden Group secures $703 mn via senior notes add-on to fund growth
Howden Group secures $703 mn in gross proceeds through a $690 mn add-on to its 8.125% senior notes due 2032, strengthening capital for expansion and acquisitions
Automata raises $45 mn Series C to scale LINQ lab automation
London-based Automata secures $45 mn Series C led by Dimension to expand its LINQ modular robotics platform and deepen integration with Danaher technologies
Insurify launches first car insurance comparison app on ChatGPT
Insurify introduces the first insurance app in ChatGPT’s directory, enabling users to compare car insurance quotes and reviews directly within the AI platform
Insurtech Equal Parts raised $23 mn Series A to scale US agency roll-up
InsurTech platform Equal Parts secures $23 mn Series A to accelerate independent agency acquisitions and expand its AI-driven operating system
Insurtech ManageMy raised $45 mn to scale global insurance platform
Insurtech ManageMy secures $45 mn, including $20 mn Series B, to expand internationally and advance AI-driven capabilities across its platform
Bound raised €20.7 mn Series A to scale automated FX hedging
UK-based Bound secures €20.7 mn Series A led by AlbionVC to expand automated FX risk management across Europe after trading €1.6 bn in 2025
FinTech Duna raised €30 mn Series A to scale AI business identity platform
Amsterdam-based Duna secures €30 mn Series A led by CapitalG to expand its AI-native digital passport for businesses and scale enterprise identity infrastructure
Startup Chiral raises €10 mn Seed to scale nanomaterial chip integration
Swiss DeepTech startup Chiral secures €10 mn Seed round to commercialise robotic nanomaterial integration for next-generation semiconductor and quantum devices
BioTech Aerska raised €32 mn Series A to advance RNAi brain delivery platform
Dublin-based Aerska secures €32 mn Series A to scale brain shuttle technology for RNAi therapies targeting Alzheimer’s and other CNS diseases
Elaia secures €120 mn first close for Digital Venture Fund V targeting European B2B tech
Paris-based Elaia launches €120 mn first close of DV5, aiming for €300 mn to back European B2B startups from pre-Seed to Series B across AI
Trener Robotics raised €26 mn Series A to scale AI skills platform for industrial automation
Norway and US-based Trener Robotics secures €26 mn Series A to expand its Acteris AI robot skills platform and accelerate R&D, partnerships, and global growth
Fintech Overmind raised €2.3 mn to secure agentic AI in regulated sectors
London-based Overmind secures €2.3 mn seed round to build supervision infrastructure for AI agents across legal, healthcare and FinTech markets
LatAm insurtech funding jumps 117% to $199 mn
Mapfre reports 536 active LatAm insurtechs and $199 mn in funding in 2025, as the ecosystem shifts from distribution toward technology enablement
Kairos launches AI weather platform for parametric insurance
Singapore-based Kairos Risk Solutions introduces Weather Data Platform using AI to support year-ahead forecasts and data-driven parametric insurance structuring
Global cyber insurance premium is set to reach $16.4 bn in 2026 as rates fall, AI risks grow and SMEs remain the largest growth opportunity
Cyber insurers are reviewing policy wording as autonomous AI agents create new questions over cyberattack definitions, liability and coverage triggers
Contractors who use generative AI on a job may find that their liability coverage does not apply if an AI-related error contributes to a claim. Insurers are rapidly filing exclusion forms for use with the general liability
The EU delayed parts of the AI Act as US AI funding surged, widening Europe's gap in capital, compute, talent and data for startups