Datavant buys DigitalOwl to push AI medical data into insurance and legal
Datavant acquires DigitalOwl, fusing AI-driven medical data tools with its network to speed claims, legal reviews and healthcare record access
News
Axon Therapies raised $32 mn to push implant-free heart failure trials
Axon Therapies secures $32 mn to advance implant-free splanchnic ablation trials in HFpEF and HFrEF as investors eye global reimbursement and market adoption
Daymark Health raises $20 mn Series A to scale value-based cancer care
Daymark Health secures $20 mn led by Healthier Capital and Blue Venture Fund to expand its tech-enabled, patient-focused cancer care platform nationwide
Optifino, Covr merger creates digital BGA 3.0 for life insurance advisors
Optifino and Covr merge to form Digital BGA 3.0, blending AI-driven case design with enterprise compliance to modernize life insurance distribution
Insurtech Incept launched real-time title insurance to speed UK property deals
UK InsurTech Incept debuts algorithm-driven title insurance, cutting delays and costs in real estate transactions with Land Registry live data
Aon, NFP and Quálitas launch Conduzco Seguros, online auto insurance for U.S.-Mexico drivers
Conduzco Seguros offers Spanish-speaking U.S. drivers Mexican auto insurance via Quálitas, targeting cross-border travel needs with online convenience
Reinsurance market faces medium-term softening despite climate change risks
Morningstar says climate change fuels long-term demand, but overcapacity and softening cycles dominate the medium-term reinsurance outlook
Genpact launches AI-powered insurance suite to cut underwriting cycle times
Genpact’s new AI suite for commercial and specialty insurers promises 90% touchless submissions, 50% lower costs, and faster quote-to-bind processes
UK auto insurers repay £200 mn after FCA finds unfair claims handling
FCA says UK motor insurers will return £200 m to 270,000 drivers after a review found historic underpayments and unfair claims practices.
U.S. court dismisses Iowa builders’ lawsuit over public adjuster ban
A U.S. district court ruled Iowa’s ban on residential contractors acting as public adjusters does not violate constitutional rights, dismissing a builder’s suit
DB Insurance to acquire U.S. specialty writer Fortegra in $1.65 bn cash deal
South Korea’s DB Insurance makes first U.S. acquisition, buying Fortegra Group for $1.65bn to expand into surety, warranty, and global P&C growth.
Moody’s: US P&C insurers post $27 bn profit despite wildfire losses
Moody’s says US property & casualty insurers boosted H1 2025 profits to $27bn, offsetting $16.1bn wildfire losses with stronger auto, homeowners, and investments
Munich Re backs Maldives’ first epidemic and pandemic insurance policy
Munich Re, with local and regional partners, launches a $5m epidemic and pandemic cover for the Maldives’ tourism industry to boost resilience
Lloyd’s faces pricing pressure, higher entry standards, and $500m scale needs
TD Cowen’s London field trip highlights Lloyd’s pricing strain, stricter syndicate entry, MGA caution, and rising capital thresholds for scale.
Acrisure warns third-party cyberattacks pose severe operational risk
Acrisure has issued a sharp warning on the rising threat of third-party cyberattacks, arguing that vendor vulnerabilities now represent one of the most serious risks
UK insurtech Eleos Life launches digital term life with wellness perks
Eleos Life debuts a digital-first term life product in the UK, embedding cover into apps and adding wellness benefits to close the protection gap
INSHUR appoints ManyPets co-founder Guy Farley to UK advisory board
INSHUR has added Guy Farley, co-founder and former CTO of ManyPets, to its UK board of advisors as it ramps up efforts in AI-driven and autonomous vehicle insurance
Insurtech Insify raised €16.3 mn Series B to expand SME coverage in Europe
Dutch insurtech Insify secures €16.3m Series B led by Evli Growth Partners to scale AI-powered insurance for freelancers and SMEs across Europe
MetLife buys 20% stake in insurtech Klimber to expand Latin America reach
MetLife acquires 20% of Klimber, aiming to scale digital insurance access in Latin America through AI-driven underwriting and embedded distribution
PERILS pegs Central Europe, Italy flood losses at €2.15 bn in final report
PERILS sets final insured loss for Sept 2024 Central Europe and Italy floods at €2.15bn, citing Austria, Czech Republic, and Poland as hardest hit
Motor Trades Association of Australia warns IAG’s RAC Insurance deal risks shrinking competition
Australia’s motor trade group says IAG’s RAC Insurance takeover would entrench consolidation, raising premiums and reducing consumer choice
Onex to acquire insurtech ISC from KKR as Japan Post backs $2 bn Global Atlantic deal
Onex Partners to buy ISC from KKR, while Japan Post commits $2bn to a Global Atlantic vehicle tied to insurance, reinsurance, and strategic activity
Oka Syndicate expands carbon insurance operations into Singapore’s climate market
Carbon insurer Oka opens in Singapore with Lloyd’s approval, aiming to back carbon trading, green finance, and transition projects across Southeast Asia
Severe storms continued impacting U.S., Canadian and Chinese insurers
Catastrophic rounds of severe storms continued impacting U.S. and Canadian insurers in mid-September generating losses estimated in the hundreds of millions of dollars
Insurtech Zego ditches black box with app-based telematics to cut costs for UK drivers
UK insurtech Zego launches app-based telematics, replacing black box devices with smartphone tracking to deliver fairer, safer, and more transparent car insurance
SaaS insurtech Shift Technology unveils agentic AI claims platform to boost insurer efficiency
Shift Technology has introduced Shift Claims, a new agentic AI-powered platform aimed at reshaping how insurers handle claims
Invision Cyber and Trend Micro launch data-driven cyber insurance for US firms
Invision Cyber partners with Trend Micro to deliver a real-time, telemetry-based cyber insurance product for US businesses with $10mn coverage capacity
Qover and Helvetia expand partnership to scale embedded insurance across Europe
Qover and Helvetia broaden collaboration to deliver embedded, omnichannel insurance solutions, targeting $30bn market growth by 2030
Aon launches Specialist Claims Solutions to cut leakage, boost insurer growth
Aon introduces Specialist Claims Solutions with ARMStrong partnership, targeting claims leakage, efficiency, and profitability for insurers and MGAs
Bank of England tightens stance on funded reinsurance amid booming UK annuity market
The BoE signals tougher oversight of funded reinsurance and offshore financing, citing systemic risk and capital arbitrage in life insurers’ annuity deals
Hippo adds Laura Hay and Susan Holliday to board, strengthening insurance & risk expertise
Hippo appoints Laura Hay and Susan Holliday to its board, bringing decades of insurance, reinsurance, and governance experience to fuel growth and oversight
US and Canadian insurance brokers chase bigger M&A as growth slows
Insurance brokers lean on large acquisitions as organic growth cools, raising leverage risks but highlighting sector resilience and cash flow strength
Lawmakers target insurers owning Medicare providers with new Patients Over Profits Act
The Patients Over Profits Act would ban insurers from owning Medicare providers, forcing divestitures and reshaping the health care business model
Maxwell Frost pushes Florida leaders on Citizens Insurance arbitration rules
Rep. Maxwell Frost questions Citizens’ arbitration system, pressing Florida leaders for details on HB 799 and fairness in policyholder disputes.
Fintech Nestimate sequred $3 mn to expand 401(k) retirement income solutions
Fintech Nestimate has announced the successful closing of $3 mn in funding as part of its effort to help empower 401(k) plan fiduciaries
Vienna Insurance Group reached €8.6 bn premiums and €531 mn profit in H1 2025
Vienna Insurance Group reports higher H1 2025 profit, premium growth, improved combined ratio, and 278% solvency, eyeing $1bn profit target
Simplicity acquires Professional Planning Services, expands wealth platform
Simplicity Group buys Professional Planning Services, adding new partners and strengthening its holistic wealth and protection offering in Summit, NJ
Renaissance Life & Health Insurance to acquire Ansel Health
Renaissance Life & Health will buy Ansel Health, adding its supplemental health tech platform and RenSecureHealth product to expand benefits innovation
Howden to acquire Gravitas Insurance, boosting US entertainment broking
Howden Broking has reached an agreement to acquire Gravitas Insurance Agency, a Los Angeles-based retail brokerage specializing in contingency insurance for music, sport, and live events
Radian to buy Lloyd’s syndicat Inigo for $1.7 bn, pivoting into global specialty
Radian Group to acquire Inigo Insurance for $1.7B in all-cash deal, doubling revenue and shifting from mortgage focus to global specialty lines
Acrisure London Wholesale forms broking partnership with Israel’s Madanes
Acrisure London Wholesale partners with Madanes, Israel’s largest broker, to provide Lloyd’s and London market access for complex placements
Texas regulators have placed New Century Insurance Co. into liquidation
Texas regulators have placed New Century Insurance Co. into liquidation after a Travis County District Court ruled the property and casualty insurer insolvent
Newfoundland wildfire drives C$70 mn insured losses, biggest in Atlantic Canada 2025
The August wildfire that tore through Kingston, Newfoundland and Labrador, has racked up more than C$70 mn in insured damage, according to CatIQ’s latest estimates
Canada’s 2025 wildfire season ranks second worst on record
Over 160 wildfires in 2025 have scorched Canada, forcing mass evacuations, killing two, and leaving Manitoba and Saskatchewan hardest hit
Calgary hailstorm cost jumps 78%, pushes Alberta’s insured losses to C$164 mn
Insured losses from Calgary’s July 13 hailstorm have nearly doubled, climbing from C$92 mn to C$164 mn, according to new figures from CatIQ
Global catastrophe losses mount in H1 2025 with $40 bn LA wildfire hit
H1 2025 saw record $40bn wildfire losses in Los Angeles, heavy US tornado damage, Cyclone Alfred floods in Australia, and a major quake in Myanmar
Swiss Re projects GLP-1 drugs could cut US mortality 6.4% by 2045
Swiss Re research shows GLP-1 drugs may lower mortality in US and UK by 2045, but benefits hinge on uptake, adherence, and long-term lifestyle change
Insurtech Reserv extends Series B to $41 mn with QBE Ventures backing AI claims push
Reserv raises $41 mn in extended Series B led by QBE Ventures, fueling AI-driven claims orchestration and scaling its TPA platform with $75 mn ARR
InsureMO and Appian team up on AI underwriting platform for US E&S
InsureMO and Appian launch unified underwriting platform for the US E&S market, targeting faster product launches, rating updates, and workflow efficiency
Bamboo Insurance with Accredited to launch E&S homeowners cover in California
Bamboo Insurance partners with Accredited to launch E&S Signature in California, expanding coverage as carriers exit the state’s volatile homeowners market
Berkshire Hathaway launches Group Accident & Travel Insurance in the UK
Berkshire Hathaway Specialty Insurance expands UK A&H with new Group Personal Accident and Business Travel Insurance, adding global reach and digital support
Insurtech Wopta adds AI agent Anna to expand phygital insurance model
Italian insurtech Wopta launches AI agent Anna with Blu Pantheon to boost phygital insurance services, blending human advice with 24/7 AI support
S&P: UK insurers face tough P&C margins, steady life growth from pensions
S&P says UK life insurers gain from pension transfers and regulation, while P&C faces margin pressure despite past rate hikes and ongoing consolidation
Atlantic hurricane season reliably drags reinsurer and London Market insurer stocks lower
Autonomous finds hurricanes rarely dent reinsurer stocks long term—pricing cycles, diversification, and discipline matter far more than storm counts
Re/Insurance brokers push reinsurers to ease terms, but strong capital keep profitability
Berenberg says brokers push reinsurers to ease terms, but strong capital and volume growth keep profitability above cost of capital despite margin squeeze
JP Morgan: quiet hurricane season could lift reinsurer earnings by 13%
JP Morgan says a benign Atlantic hurricane season may boost reinsurer profits up to 13% in 2025, despite softening property catastrophe rates
US E&S insurance premiums hit $117 bn, outperforming P&C
Fitch says US E&S premiums grew 11% to $117bn in 2024, with stronger profits than P&C peers despite easing property rates and rising liability costs
Allianz UK launches BRIAN AI to cut underwriting search time by 65k minutes
Allianz UK rolls out BRIAN AI for underwriters, saving 65k minutes, boosting speed, accuracy, and confidence in customer enquiry responses
Morningstar DBRS warns insurers: softening prices collide with $80 bn losses
Morningstar DBRS says insurers face $80bn H1 losses, softening property rates, and warns underwriting discipline is the key to sustainable growth
Syria receives $7.9 mn drought payout from Humanity Insured and Allianz
A $7.9m parametric payout will aid 120,000 Syrians hit by severe drought, showing how pre-arranged insurance can deliver fast relief in fragile states
Fitch estimates Winter Storm Fern insured losses at $4-7 bn. Losses hit earnings, not capital, with P&C insurers absorbing most claims and no rating downgrades
The 2025 Atlantic season had no US hurricane landfalls yet delivered Category 5 storms, inland flooding, and losses, highlighting rising intensity and protection gaps
Singapore expands ILS grants as Asia’s cat bond market grows, but investor education, capacity gaps and regulatory momentum still shape the asset class
Hurricane Melissa and Asian floods show insurance’s role in adaptation, yet coverage is scarce. Philanthropy, bundling and aggregation could shift that