ACCC clears Zurich’s £8.1 bn acquisition of Lloyd’s underwriter Beazley
Australia’s ACCC approved Zurich’s £8.1 bn acquisition of Beazley, saying the deal is unlikely to reduce competition in insurance markets
News
Life insurance settlement payouts reached $627 mn in 2025
LISA members paid consumers $626.6 mn in 2025, with life settlements delivering nearly nine times policy surrender values
North Carolina bans third-party litigation funding in civil cases
North Carolina became the first US state to ban third-party litigation funding in civil suits, targeting lawsuit costs and insurance pressures
Startup Unloq raises £900k to build AI decision intelligence platform
Birmingham AI startup Unloq secured £900k to expand its decision intelligence platform, grow engineering capacity and scale enterprise adoption
FCA censures CACEIS UK as bank agrees £31.7 mn WealthTek payment
CACEIS UK will pay £31.7 mn to WealthTek clients after the FCA found failures in controls over client assets and financial crime risks
New York City advances affordable housing insurance program
New York City selected Pinnacle Actuarial Resources and opened a private-sector RFEI for a city-backed affordable housing insurance program
Allianz warns Iran war could drive major marine insurance claims
Allianz said insurers face major marine claims after ships were damaged during the Iran war, with $125 bn in vessels and cargo trapped in the Persian Gulf
Florida reinsurance market regains capacity after legal reforms
Florida’s reinsurance market improved after tort reforms, stronger underwriting and lower litigation, with June renewals bringing more capacity and softer pricing
US flood insurance gap exposes households to $375 bn in losses
Moody’s says the US flood insurance gap has reached 65%, leaving households and local governments exposed to more than $375 bn in uninsured losses
FEMA funds Mid-Atlantic hazard mitigation projects
FEMA opened FY 2026 hazard mitigation funding for projects in Delaware, Maryland, Pennsylvania, Virginia and West Virginia
FEMA opens $1.5 bn in preparedness grants for security risks
FEMA made more than $1.5 bn available across seven FY 2026 preparedness grant programmes for terrorism prevention, infrastructure security and resilience
Insurtech Honeycomb expands landlord and condo insurance into Nevada and Oregon
Honeycomb Insurance started writing policies in Nevada and Oregon, giving agents digital access to landlord, condo association and excess liability coverage
Tesla sued after fatal Model 3 crash into Texas home
Tesla faces a Texas lawsuit after a Model 3 crashed into a Katy home, killing Martha Avila, with claims tied to driver-assistance software
NAIC says Oracle PeopleSoft breach did not expose personal data
NAIC said a PeopleSoft zero-day attack exposed limited data, while investigators found no evidence of stolen personal or payment information
Festina Finance raises €25 mn to expand life insurance and pension technology across Europe
Festina Finance secured more than €25 mn from Birchway Capital to expand its cloud-native pension and life insurance platform across Europe
Tsuga raises $35 mn Series A to expand AI observability platform
Paris-based Tsuga secured $35 mn in Series A funding to scale its AI-native observability platform and expand enterprise cloud deployments
Fintech equipal secures £16.3 mn to expand UK equipment finance platform
UK FinTech equipal raised £16.25 mn from Altum Capital to expand SME equipment finance, grow its team and scale embedded lending
UK commits £90 mn to first-time VC managers through new microfund programme
The British Business Bank will invest up to £90 mn in 10 first-time venture capital funds to expand early-stage financing across the UK
Fintech Warren raises €10 mn for Belgian workplace pensions
Ghent FinTech Warren raises €10 mn to expand workplace pension services in Belgium before entering European markets
SuperPlane raises $2.6 mn for AI engineering workflow control
SuperPlane raises $2.6 mn pre-seed funding for open-source AI workflow software, bringing controlled automation to production engineering teams
Insurtech Braven raises $4.6 mn in seed for re/insurance infrastructure growth
Braven raises $4.6 mn seed funding and opens a London office to expand delegated authority and specialty insurance infrastructure
Asia-Pacific cyber insurance faces 135,000 ransomware attacks
INTERPOL’s cyber threat report shows Asia-Pacific insurers face ransomware, scams, DDoS, deepfakes, and widening coverage gaps
Hong Kong’s SFC seeks $150 mn Target Insurance share buyout order
Hong Kong’s SFC seeks a share buyout order against former Target Insurance chairman Ng Yu over alleged fiduciary breaches and fund losses
Canada life insurers use AI to close 42% insurance coverage gap
Manulife and PolicyMe expand AI underwriting as 42% of Canadians lack life insurance or remain unsure about their coverage
Alberta homeowners insurance premiums rise 392% in 20 years
Alberta homeowners insurance premiums rose 391.6% from 2005 to 2025 as hailstorms, wildfires, floods, and rebuilding costs increased claims
Insurance AI hiring rises 32% despite workforce cuts
Insurers hired 32% more AI specialists last year as overall headcount fell 2.2%, according to Evident’s latest sector index
Digital insurance platform market to reach $432 bn by 2035
Digital insurance platform market is forecast to grow from $173.3 bn in 2026 to $432.2 bn by 2035 at a 10.7% CAGR
Oklahoma insurance commissioner race heads to runoff
Bob Sullivan and Marty Quinn advance to Oklahoma’s Republican insurance commissioner runoff as rising premiums dominate the campaign
Hormuz war risk insurance costs rise 4,000 times
Ships crossing the Strait of Hormuz face war risk insurance costs 4,000 times higher as mines, missiles, and attack boats threaten transit
Emirates adds $25,000 conflict cover to travel insurance
Emirates launches travel insurance with $25,000 conflict medical cover, hotel stays, rebooking support, and disruption protection
South Korea fines Coupang $409 mn after regulators found weak data controls
South Korea fines Coupang $409 mn after regulators found weak data controls, improper access, and non-consensual data collection
California insurance race narrows to Jane Kim and Ben Allen
Jane Kim and Ben Allen advance in California insurance commissioner race as homeowners insurance reform dominates the 2026 campaign
Georgia judge impeachment targets court handling insurance cases
Two Georgia Republicans seek impeachment of Judge Eleanor Ross after misconduct findings involving chambers conduct and investigators
Florida property tax plan risks $175 bn debt market
S&P warns Florida local governments face credit pressure if voters approve a property tax plan affecting more than half of homes
Coastal flood risk now 12 times higher, study finds
New research finds extreme coastal floods are now 12 times more likely as human-driven climate change pushes sea levels higher worldwide
Ex-Texas police chief loses $14,400 insurance fraud appeal
Federal appeals court affirms fraud conviction of former Texas police chief over burned vehicle, false theft report, and insurance payout
Home insurtech Hippo places $777 mn reinsurance program for 2026
Hippo renews its 2026 reinsurance program with $513 mn first-event catastrophe protection and $777 mn aggregate coverage
Aryon Security raises $29 mn in Series A funding for cloud enforcement
Aryon Security raises $29 mn Series A to expand its cloud security enforcement platform for preventing misconfigurations before production
Cyera raises $600 mn at $12 bn AI security valuation
Cyera raises $600 mn to expand its AI security platform for data governance, DSPM, DLP, identity, privacy, and agentic risk control
Jeff Bezos-backed Prometheus raises $12 bn in a Series B to build physical AI software
Jeff Bezos-backed Prometheus raises $12 bn to build physical AI software for engineering, manufacturing, prototyping, and industrial design
Polish fintech Paymove raises €2.12 mn for AI agent payments
Polish fintech Paymove raises €2.12 mn to expand QR payments, agentic AI payment infrastructure, and Western European market growth
FinTech unicorn Satispay plans €120 mn raise after €116 mn ARR
Milan-based FinTech unicorn Satispay plans to raise up to €120 mn to accelerate its growth strategy and expand into a broader financial platform
Barcelona robotics startup Theker raises $85 mn Series A to expand modular AI robots
Barcelona robotics startup Theker raises $85 mn Series A to expand modular AI robots for logistics, retail, manufacturing, and warehouse automation
Helsinki startup Rotomate raises €2.1 mn in pre-seed for industrial AI maintenance
Helsinki startup Rotomate raises €2.1 mn to expand AI maintenance software for industrial plants across Finland, Sweden, Germany, Netherlands, and Poland
Decentralized protocol Morpho raises $175 mn as DeFi lending demand grows
Morpho secures $175 mn from Paradigm, a16z, Ribbit, Apollo, Circle, and VanEck as DeFi lending infrastructure expands
AI startup Poetic raises $50 mn Series A at $500 mn valuation
Poetic raises $50 mn from Kleiner Perkins, Founders Fund, First Harmonic, and OpenAI to scale enterprise AI workflows
ING and bolttech launch embedded insurance in European markets
ING partners with bolttech to launch embedded insurance across the Netherlands, Italy, Poland, and Belgium through digital banking journeys
Insurtech Sixfold launches AI Underwriter after $30 mn funding
Sixfold launches AI Underwriter to support submission analysis, risk assessment, portfolio context, and insurer decision workflows
New Zealand’s Natural Hazards Commission secures record $7.2 bn reinsurance cover
New Zealand’s NHC secures NZ$12.3 bn of reinsurance protection for 2026, including catastrophe bond cover through Totara Re
S&P warns private markets link Europe’s insurers and financial firms
S&P says European private markets now create closer ties between banks, insurers, and asset managers, with private funds managing $2.3 tn
94% of US business owners worry their insurance might not fully respond to a specific loss
Gallagher survey shows U.S. business owners are shifting toward proactive risk management across AI, cyber, supply chain, and weather risks
UK insurers move past AI pilots but struggle to scale
Earnix survey shows 55% of UK insurers use AI in business functions, yet execution, governance, and personalisation remain difficult
World Bank approves $650 mn for Morocco programs
World Bank approves $650 mn for Morocco’s digital transformation, climate finance, disaster protection, cyber risk coverage, and private capital growth
Florida property insurers face 2026 hurricane test
Fitch says Florida property insurers enter the 2026 hurricane season with stronger capital, better reinsurance, and lower Citizens exposure
CapsaAI raises $18 mn for private capital AI platform
CapsaAI raises $18 mn Series A funding to expand its AI operating system for private capital firms across U.S. markets
Dutch startup OurMind raises €2.1 mn for healthcare AI platform
Dutch healthtech startup OurMind raises €2.1 mn to expand its AI platform for hospitals, general practices, clinical notes, and admin support
ICEYE raises €450 mn in Series F led by General Atlantic at €10 bn valuation
ICEYE secures €450 mn in Series F funding led by General Atlantic to expand SAR satellites, sovereign intelligence systems, and global operations
Google sues Chinese cybercrime group over AI scams
Google says Outsider Enterprise used AI and Telegram to send 2.5 mn scam texts, create fake sites, and target Android users in the U.S.
23andMe data breach victims get $46.75 mn settlement
23andMe bankruptcy plan administrator will pay $46.75 mn to settle data breach litigation, with cyber insurers funding about $13 mn
OpenAI faces state attorneys general investigation
U.S. state attorneys general investigate OpenAI over user data, minors, advertising, engagement practices, and ChatGPT safety claims
67% of US independent insurance agents use AI, while trust and innovation drive carrier partnerships and satisfaction diverges across P&C insurance lines
Explore enterprise AI adoption, investment returns, agentic AI governance and workforce readiness, including the gap between pilot projects and production
Artificial intelligence is reshaping workforce management, changing the skills employers require and creating new responsibilities for human resources teams
Q2 2026 Global InsurTech funding reached $2.44 bn, 99.1% directed to AI-focused firms, as data center expansion creates new insurance risks