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
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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
AIG and Onex close $7 bn Convex deal reshaping ownership
AIG takes 35% stake in Convex and 9.9% in Onex as Onex gains 63% control, forming strategic partnership with $2 bn capital commitment
German P&C and life insurance profit easing in 2026 after strong 2025 – Moody’s
Moody’s says German P&C and life insurers improved in 2025, but expects underwriting profitability to soften in 2026 as cat losses normalise
Facultative reinsurance market enters softer phase – Gallagher Re
Gallagher Re’s Pablo Muñoz reports global facultative reinsurance pricing softening after January 1 renewals, driven by abundant capital and expanding appetite
Caribbean insurers benefit from softer reinsurance – AM Best
AM Best reports easing reinsurance costs and improved profitability for Caribbean insurers, while warning global economic shocks still threaten the region
Lockton Re strengthens Latin America team with senior hires
Lockton Re appoints Dario Luna as Regional Leader of Strategic Risk Solutions and adds Antonio Rodriguez to expand Latin America and Caribbean capabilities
Insurance broker stocks slide after OpenAI approves first carrier AI app
Broker shares fall about 9% after ChatGPT approves an insurer AI app, as analysts debate disintermediation risks and long-term impact on distribution
Pension Insurance Corporation secures £155 mn buy-in for Vistry schemes
Pension Insurance Corporation secures £155 mn buy-in covering 1,671 members across three Vistry final salary pension schemes in the UK
Reinsurers face softer rates yet margins seen strong in 2026
Autonomous expects robust reinsurance profitability in 2026 as structural price adequacy and stable terms offset mid-teen rate declines in property cat.
Kniazha VIG secures $25 mn DFC war risk reinsurance facility
Kniazha VIG signs $25 mn reinsurance facility with US DFC, enabling up to $100 mn in war risk cover for Ukrainian SMEs and private property
Gallagher Bassett buys Reck & Co to expand marine insurance claims reach
Arthur J. Gallagher expands claims platform as Gallagher Bassett acquires Germany-based Reck & Co, strengthening cross-border marine and transport claims services
Deutsche Bank weighs return to life insurance via Frankfurter Leben
Deutsche Bank and DWS consider a minority stake in Frankfurter Leben, reopening life insurance exposure after a decade away from the sector
Insurtech Indigo raises $50 mn Series B to scale AI medical liability platform
US medical professional liability insurer Indigo secures $50 mn in oversubscribed Series B funding to expand AI underwriting and national distribution
SCOR expands cyber underwriting with MGA Baobab partnership in Germany
SCOR adds Lloyd’s capacity to Baobab Insurance’s CyberSafe policies, extending cover to firms up to €1 bn in revenue across Germany and Austria
Prudential of Japan halts new sales for 90 days after misconduct probe
Prudential of Japan suspends new sales from Feb. 9, 2026, to overhaul governance and compensate customers after employee misconduct findings
Prudential Japan CEO exit puts governance and investor trust under strain
CEO resignation at Prudential’s Japan life unit following employee misconduct raises governance questions as investors assess oversight across international operations
Insurance blocks MLB stars from World Baseball Classic rosters
Insurance denials force top MLB players out of the 2026 World Baseball Classic, exposing how coverage rules now shape who can compete
Congo unrest drives political violence insurance premiums up to 10x
Political violence insurance premiums in DR Congo surged up to tenfold after eastern unrest, boosting insurers while raising costs for mining operators
MS Amlin partners with MSI on UAE political risk reinsurance
MS Amlin launches a political risk reinsurance partnership with Mitsui Sumitomo Insurance in the UAE, expanding contract frustration cover via Dubai
Cyber reinsurance rates drop 32% at Jan 2026 amid capacity glut
Gallagher Re reports a 32% fall in risk-adjusted cyber aggregate excess of loss rates at 1 Jan 2026 renewals as excess capacity and softer terms reshape the market
Los Angeles wildfires reveal gaps in insurance wildfire risk models
Analysis of the Jan 2025 Los Angeles fires shows why fuel structure, access, and ember dynamics matter more than ignition risk for insurance underwriting
Willis adds Dubai and Madrid to global D&F reinsurance placement hub network
Willis expands its direct and facultative placement network with new hubs in Dubai and Madrid, extending global market access through a single coordinated platform
Cargo theft shifts online as insurers warn of rising digital freight fraud
IUMI and TAPA EMEA warn cargo crime is surging worldwide, with digital fraud replacing physical theft as losses reach billions across supply chains
Kansas Insurance Commissioner weighs ending cost-sharing for follow-up breast cancer exams
Kansas Insurance Commissioner Vicki Schmidt backs SB 409 to remove out-of-pocket costs for follow-up breast cancer testing after abnormal mammograms
Insurtech Pasito raises $21 mn Series A to build AI workspace for benefits
Pasito secures $21 mn Series A led by Insight Partners to scale its AI-native workspace across group health, life, and retirement benefits operations
🇺🇸 New York targets auto insurance fraud as premiums near $4,000
New York moves to curb auto insurance costs with fraud crackdowns, payout limits for at-fault drivers, and revived enforcement as premiums run far above the US average
Insurtech Gain Life rebrands to Crosstie to scale AI insurance workflows
InsurTech Gain Life rebrands as Crosstie, expanding AI-driven workflow automation across P&C insurance operations, claims, underwriting, and customer self-service
Aviva launches private clients unit via Lloyd’s of London market expansion
Aviva enters a new high-net-worth phase by launching Aviva Private Clients through Lloyd’s, enabling cross-border cover, multi-currency policies, and bespoke underwriting
FCA urges insurers to rebuild trust as 66% of 🇬🇧 UK consumers remain sceptical
FCA deputy chief executive Sarah Pritchard says insurers must fix trust gaps as new data shows 66% of UK consumers distrust the sector despite high claims payouts
🇺🇸 New York auto insurance hits record $1,935 as affordability worsens
New York drivers spent a record $1,935 on auto insurance, ranking among the least affordable states as repair costs, injuries, and claims expenses climb
🇳🇵Nepal arrests Everest rescue officials over $20 mn insurance fraud
Nepal detains six rescue agency officials accused of staging helicopter evacuations near Mount Everest to extract nearly $20 mn from global insurers
Wisconsin DNR warns flood risk rising as wettest decade hits state
Wisconsin officials urge residents to assess flood risk and insurance options during Flood Insurance Awareness Week as flooding remains the state’s most common hazard
Louisiana insurers push tort reform as home insurance costs bite
Louisiana insurance agents urge lawmakers to cap damages and pass legal reforms as high property insurance costs slow homeownership and limit market competition
🇺🇸 US auto insurance costs rise as luxury and performance models drive premiums
Full coverage auto insurance in the US averaged $2,312 per year, or about $193 per month. That figure sits below the $2,746 annual average
In 🇿🇼 Zimbabwe, funeral insurance outpaces health cover as care costs soar
With healthcare unaffordable for most Zimbabweans, funeral insurance has become the dominant financial product, reflecting deep cultural priorities and systemic collapse
Radian completes $1.67 bn acquisition of Lloyd’s re/insurer Inigo
Radian closed its $1.67 bn purchase of Inigo, reshaping the group into a global specialty insurer and lifting EPS and ROE expectations for 2026
Aon partners with ICICI Prudential to deploy PathWise actuarial platform
ICICI Prudential Life Insurance adopts Aon’s PathWise platform to unify actuarial modelling across IRBCF and IFRS 17 as India’s life market scales
Massachusetts court backs reinsurer reimbursement after Polaroid collapse
A Massachusetts appeals court ruled a reinsurer can recover COLA payments from the trust fund even after a self-insured employer enters bankruptcy
Bermuda-based reinsurers reported stronger underwriting profitability: 85.3% combined ratio and 15.7% ROE as catastrophe losses fall, premiums decline 9% and competition intensifies
Reinsurance capital remains strong as sector profitability holds despite softer pricing, rising loss risks and mounting pressure on underwriting margins in 2026
Reinsurance buyers expect property pricing to fall further at the January 2027 renewals, with double-digit reductions increasingly entering negotiations
Reinsurance market participants increasingly favour life and health (L&H) business when deciding where to allocate capital