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
News
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
War risk models reshape insurance and Wall Street
Investors, banks, and insurers are adapting catastrophe-model methods to forecast war, regime change, shipping disruption, and political violence
U.S. commercial insurance price growth slows to 2.5%
WTW’s CLIPS survey shows U.S. commercial insurance prices rose 2.5% in Q1 2026, with excess liability still leading increases
Insurtech Pace raises $46 mn Series B for AI insurance operations
Insurtech Pace secures $46 mn Series B funding to expand AI agents for insurer workflows, policy servicing, claims, renewals, and submissions
Digital insurer Honeycomb raises $40 mn for AI property underwriting
Honeycomb Insurance raises $40mn led by Zeev Ventures to expand U.S. property coverage, agent tools, products, and AI underwriting
Allianz Partners buys nib travel insurance portfolio
Allianz Partners will acquire major parts of nib’s Australia and New Zealand travel insurance portfolio, including TID and a 20-year distribution deal
Tennessee limits insurer gender questions for minors
Tennessee law bars insurers from requiring doctors to ask minors certain gender identity questions, drawing criticism from LGBTQ advocates
Colorado e-bike crashes raise insurance coverage questions
Colorado e-bike growth creates insurance uncertainty for riders and drivers, with uninsured motorist coverage gaining more attention after accidents
California reviews wildfire deductibles in surplus homeowners insurance policies
California will review surplus homeowners policies after wildfire deductibles left some fire victims facing large out-of-pocket costs after losses
How U.S. homeowners can lower insurance premiums
U.S. homeowners face rising insurance premiums, but policy reviews, deductibles, mitigation work, and shopping around can help control costs
New York auto insurance reforms may cut premiums
New York’s budget reforms target auto insurance fraud, insurer practices, and consumer protections, with possible annual savings of $200 to $300
California insurance commissioner race puts Kim and Allen ahead
Jane Kim and Ben Allen lead California’s insurance commissioner race, with Stacy Korsgaden close behind as wildfire coverage pressures shape voter priorities
Colorado hail roof grants target home insurance costs
Colorado’s SB26-155 creates a homeowner insurance enterprise to fund resilient roofs, reduce hail losses, and support competition in wildfire-prone markets
EIOPA warns European insurers on private credit risk controls
European insurers are moving deeper into private credit, but EIOPA says firms need stronger risk models, valuation discipline, and liquidity controls
Allianz in talks to buy Portuguese insurer Caravela Seguros
Allianz is discussing a potential acquisition of Caravela Seguros, a deal that would expand its Portuguese non-life insurance portfolio
Howard Hughes buys Vantage in $2.1 bn insurance deal
Howard Hughes closes its $2.1 bn acquisition of Vantage, using the specialty re/insurer to shift toward a Berkshire-style holding company model
Cyber insurance claims quality matters more than policy wording
Cyber insurance claims capability determines recovery speed, loss control, and broker confidence when ransomware, data theft, or network outages hit clients
U.S. House lawmakers propose federal AI model rules over state controls
Draft U.S. AI legislation would block state rules on model development, drawing support from tech firms and criticism from consumer advocacy groups
Global life insurance consolidation to keep pace in 2026
Fitch expects global life insurance consolidation to continue as insurers reshape balance sheets, with Germany, the UK, the US, and Japan driving deal activity
Private credit shock would hit European insurers and pension funds hardest
ECB stress exercise finds European insurers and pension funds face heavier private credit losses than banks, due to larger exposures and market revaluations
El Niño may weaken Atlantic hurricane season risks
El Niño points to a quieter Atlantic hurricane season, though NOAA and forecasters warn hurricanes still bring major U.S., Caribbean, and insured-loss risks
AI malpractice claims rise as law firm insurers track $100 mn losses
EPIC says AI-related legal malpractice claims are now real, as insurers also report higher frequency, severity, and nine-figure losses
DB Insurance set to close $1.65 bn Fortegra acquisition deal
DB Insurance is expected to complete its $1.65 bn cash acquisition of Fortegra on May 29, with Tiptree confirming the deal remains on track
Insurance Council of Australia urges CSLR reform to avoid cross-sector levies
The Insurance Council of Australia says CSLR reforms should target claim cost drivers, limit compensation, and keep general insurance excluded
Egypt starts Eid al-Adha medical insurance and emergency plan across
Egypt launched a nationwide Eid al-Adha medical plan, adding hospital readiness, ambulances, blood stocks, mobile clinics, and emergency monitoring
Pennsylvania AG reaches GEICO deal over AI-linked policy review
Pennsylvania’s attorney general reached an agreement with GEICO after a policyholder lost auto coverage following an AI-linked review
Iowa cancer screening law removes prior authorization for some health insurance plans
Iowa’s Patients First Act lets doctors order cancer screenings without prior authorization, but the change applies to about 829,000 residents
Niyam Syndicate 2047 draws Lloyd’s reinsurance interest in GIFT City
Niyam Group CEO Bobby Swarup said Syndicate 2047 in India’s GIFT City could attract more global reinsurance capital through Lloyd’s
US-Iran ceasefire strains marine war risk cover after Hormuz strikes
Fresh U.S. strikes near Bandar Abbas deepen uncertainty for marine insurers as Hormuz war risk pricing remains far above pre-war levels.
Switzerland ranks third globally as reinsurance premiums hit CHF45.6 bn
Swiss reinsurers wrote CHF45.6 bn in gross premiums in 2021, making Switzerland the world’s third-largest reinsurance location
Blitzy raises $200 mn at $1.4 bn valuation for AI coding
Blitzy raised $200 mn led by Northzone to expand its autonomous enterprise software development platform for Global 2000 customers
Vienna Insurance Group completes NÜRNBERGER acquisition in Germany
Vienna Insurance Group completed its largest acquisition, taking 99.2% of NÜRNBERGER to expand in Germany and support CEE growth
StitcherAI launches IT finance platform with $3 mn funding
StitcherAI has launched its IT finance system of intelligence and announced $3 mn in pre-seed funding. Founders Co-op led the round, with participation from Sunshine Lake VC
Commure raises $70 mn at $7 bn valuation for healthcare AI
Commure raised $70 mn from General Catalyst, Sequoia, Morgan Stanley, and Kirkland & Ellis to expand AI revenue cycle tools
Zendesk commits $100 mn to startup AI customer support program
Zendesk launched a two-year $100 mn startup program offering no-cost AI support tools, onboarding, partner benefits, and VC portfolio support
Accenture invests in Aera to scale AI supply chain decisions
Accenture invested in Aera Technology to combine agentic decision intelligence with AI-enabled supply chain tools for global enterprises
Quantum Bridge raises $8 mn to build quantum-safe cybersecurity
Quantum Bridge raised $8 mn in Series A funding to expand its DSKE protocol and help organizations move toward quantum-safe security
ICEYE secures €300 mn RCF to support satellite contracts
ICEYE secured a €300 mn three-year revolving credit facility from a seven-bank syndicate to back guarantees and global growth
Harmoney secures €10 mn investment for AI compliance platform
Harmoney raised €10 mn from Smile Sail to expand its counterparty risk platform for KYC, AML, DORA, ESG, and third-party compliance
Scope raises $20 mn to expand AI workflows for inspection teams
London-based Scope raised €17.2 mn to expand its AI platform for testing, inspection, and certification workflows worldwide
New York DFS issues cyber threat guidance for banks, insurers, and financial firms
New York DFS issued guidance for banks, insurers, and financial firms on cybersecurity steps during heightened threat environments
AI power demand puts tech climate pledges under investor pressure
Shareholders are pressing Amazon, Meta, and Alphabet to explain how rising AI data center power demand fits with their climate goals
US P&C insurers post strongest Q1 underwriting result in 25 years
S&P Global Market Intelligence says U.S. P/C insurers posted an 89.5 combined ratio and $22.1 bn underwriting gain in Q1 2026
Howden US faces WTW lawsuit over yacht insurance team hires
WTW Northeast sued Howden US and former marine brokers, alleging client solicitation, loyalty breaches, and restrictive covenant violations
Acrisure to cut 2,250 jobs by 2027 as AI reshapes operations
Acrisure CEO Greg Williams told employees the broker will cut about 11% of staff as it expands AI, automation, and digital platforms
PIMCO and L&G face claims over Brussels tower valuation dispute
Finance Tower’s owner alleges lenders pressured valuers to cut the Brussels skyscraper’s value below €950 mn amid a debt and insolvency dispute
Columbia Lloyds adopts ZestyAI property risk platform for homeowners
Columbia Lloyds will use ZestyAI’s property intelligence tools to assess roof age, condition, materials, and weather exposure across three states
AM Best says $100 bn loss needed to tighten reinsurance market
AM Best revised its global non-life reinsurance outlook to stable as property rates fall and capital remains strong without a major loss
Minnesota reinsurance waiver fight looms as commerce leaders exit
Minnesota must reapply for its health reinsurance waiver in 2026 as senior commerce lawmakers leave and premiums face renewed pressure
Florida property insurers may see lower June reinsurance costs after reforms
AM Best expects softer June 2026 reinsurance renewals for Florida property insurers as litigation reforms and better results support capacity
UK funded reinsurance capital rules may cut life insurer appetite
UK PRA plans to lift capital charges on funded reinsurance to about 10% of annuity liabilities, raising doubts over future PRT use
Everest to sell Colombia insurance unit to AIG in portfolio shift
Everest agreed to sell its Colombia general insurance business to AIG as it narrows focus to global reinsurance and wholesale specialty insurance
Aon reshapes credit reinsurance business with global hub model
Aon is moving its credit reinsurance operations to a global hub-led structure, with Rupert Evans relocating to New York
American Global signs Lloyd’s quota share deal for health indemnity
American Global Insurance secured Lloyd’s quota share reinsurance for AGII’s healthcare indemnity portfolio, with syndicates taking 50%
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