Bernhard Kaufmann will succeed Patrick Raaflaub as Swiss Re’s Group CRO
Swiss Re announced that Bernhard Kaufmann will succeed Patrick Raaflaub as Group Chief Risk Officer as of 1 October 2025
News
UK insurtech Marshmallow raised £68 mn, bringing valuation to £1.5 bn
UK-based insurtech Marshmallow has raised £68 mn through a mix of debt and equity financing, bringing its valuation to £1.5 bn
Crypto life insurtech Meanwhile raised $40 mn in a Series A, valued at $190 mn
Meanwhile, a life insurance startup that operates exclusively in Bitcoin, raised $40mn in a Series A funding round. The company is now valued at $190mn
Vienna Insurance Group acquired a 48.8% stake in financial broker Phinance
Vienna Insurance Group (VIG), based in Austria, has acquired a 48.82% stake in Polish financial broker Phinance
Luma Financial Technologies sequred $63 mn in Series C
Luma Financial Technologies, a global insurtech company in structured products and insurance solutions, has raised $63mn in Series C funding
Chapter raised $75 mn in Series D to expand Medicare & retirement services
Chapter, a Medicare guidance insurtech platform headquartered in New York, secured $75mn in Series D funding led by Stripes
UK-based insurtech Ripe completes acquisition of GJW Direct from Munich Re
UK-based insurtech Ripe has completed the acquisition of marine insurance provider GJW Direct from Munich Re Specialty
Insurtech XChange TEC INC acquired a Hong Kong-based insurance broker
Chinese insurtech XChange TEC INC has acquired a Hong Kong-based insurance broker, establishing a base to expand its services across China
Louisiana considers auto insurance premium tax credit legislation
A bill under review in the Louisiana legislature proposes a tax credit for policyholders paying high automobile insurance premiums
Lloyd’s market delivers strong investor returns amid shifting business mix
In 2024, Lloyd’s delivered strong returns to investors, with overall market profits just below the previous year’s record high
Australian ASIC sues Hollard Insurance over prolonged claim handling
The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against Hollard Insurance Partners, alleging serious failures
Illinois Senate considers study on insurance rating practices & potential disparities
The Illinois Senate is reviewing House Bill 1234, which mandates a study into whether insurers’ use of ZIP codes, credit scores, age, and other underwriting criteria results
China’s NAFR eases investment limits for insurers to boost real economy
China’s National Administration of Financial Regulation (NAFR) is raising equity allocation ratios for certain assets and increasing the cap on venture capital fund
Texas Court overturns $25 mn judgment for Exxon in refinery explosion insurance dispute
A Texas appellate court overturned a prior $25 mn judgment awarded to Exxon Mobil Corp. and ExxonMobil Oil Corp. in a dispute with Lexington Insurance Co
Appeals Court rules State Auto Insurance denied E&O coverage in $13.3 mn death case
The 6th Circuit Court of Appeals upheld a lower court decision that State Auto Insurance Co. was not entitled to coverage under its errors and omissions (E&O) insurance
Marsh launches CyberShore Bermuda up to $30 mn in excess cyber insurance capacity
Marsh, the insurance broker and risk advisor, and a business of Marsh McLennan, announced the launch of CyberShore Bermuda, an exclusive, excess cyber insurance
Tesla Insurance removes forward-collision warnings from Safety Score Program
Tesla Insurance Services Inc. has removed forward-collision warnings from the list of metrics used in its Safety Score Beta program
Swiss Re shareholders approve all proposals at Annual General Meeting
Swiss Re’s shareholders approved all motions put forward by the Board of Directors at today’s Annual General Meeting
Ageas acquires esure for £1.3 bn, expanding UK insurance market position
Ageas has reached an agreement with Bain Capital to acquire esure, a UK-based digital personal lines insurer, for a cash consideration of £1.3 bn
UK non-life insurance sector maintains stable outlook – AM Best
AM Best has reaffirmed a stable near-term outlook for the United Kingdom’s non-life insurance sector
wefox finalised a funding agreement up to €170mn, led by Searchlight Capital
Insurtech wefox is close to finalising a funding agreement valued at up to €170mn, led by private equity firm Searchlight Capital Partners
Senator Miller introduces Minnesota Bitcoin Act to advance state crypto adoption
Senator Jeremy Miller introduced the Minnesota Bitcoin Act (SF2661), aiming to expand the state’s financial tools by incorporating crypto into state investment strategies
Changes in U.S. tariffs may continue to strain insurers’ financial positions
Although a 90-day pause is currently in place, recent fluctuations in stock and bond markets caused by changes in U.S. tariffs may continue to strain insurers’ financial positions
A growing cyber insurance protection gap is affecting small businesses – CyberCube report
A growing cyber protection gap is affecting small businesses. A recent report by CyberCube outlines a growing gap in cyber insurance coverage
Pool Re secures £100 mn in third catastrophe bond to expand private terrorism risk cover
Pool Re, the UK terrorism reinsurance provider, completed its third catastrophe bond placement—Baltic PCC Limited (Series 2025-1)
European reinsurers recorded stronger return on equity (ROE) in 2023 and 2024, exceeding their cost of equity in three of the last four years
Global re/insurers reported improved underwriting results and capital positions. These gains came alongside rising uncertainty around reserve development and expanding loss gaps
Global reinsurers’ profitability will remain strong in 2025 despite lower risk-adjusted prices for most business lines when reinsurance contracts
Europe’s four largest reinsurers—Munich Re, Swiss Re, Hannover Re, and SCOR—reported strong financial results in 2024