Lloyd’s pushes Blueprint Two launch to 2028 as market frustration mounts
Lloyd’s of London will delay its Blueprint Two re-platforming project until at least 2028, with market testing not expected before 2026
News
NAMIC backs Bill elevating FEMA to cabinet-level status, expanding disaster reforms
The National Association of Mutual Insurance Companies is backing a sweeping reform package that would elevate the Federal Emergency Management Agency to a cabinet-level post reporting
Illinois upholds Arkansas pharmacy reimbursement rule against ERISA challenge
A federal judge in Illinois dismissed a Teamsters-backed complaint that sought to overturn Arkansas’ pharmacy benefit manager rule on ERISA preemption grounds
Canada faces C$212 mn in storm losses as IBC urges stronger resilience measures
Severe thunderstorms that swept through Montreal and other parts of Quebec on July 13 caused insured losses of almost C$120 mn
Nevada Insurance Regulator hit by ransomware attack, state systems disrupted
The Nevada Division of Insurance remains offline after a ransomware attack forced multiple state agency systems to shut down
Australian ASIC cuts 9,240+ pages of rules, pushes simpler compliance for Firms
The Australian Securities and Investments Commission (ASIC) has scrapped more than 9,240 pages of regulations since January as part of an overhaul aimed at reducing complexity for businesses
Louisiana blocks Chubb Bermuda’s push to move COVID-19 insurance case to London
A Louisiana state court issued a temporary restraining order preventing Chubb Bermuda Insurance from enforcing an arbitration clause that sought to move a COVID-19 business interruption in London
SaaS OneShield debuts AI Hub to accelerate insurer adoption of intelligent software
OneShield, a provider of core insurance technology for property and casualty carriers and MGAs, launched the OneShield AI Hub — a centralized platform for building
Insurtech Feather launches digital car insurance for expats in Spain, France, Germany
Feather, a Berlin-based insurtech, has rolled out its new Car Insurance product, designed for expats across Europe who often face red tape and language hurdles when securing coverage
Insurtech Eleos Life debuts Theea, an AI co-pilot to simplify life insurance
Insurtech Eleos Life has launched Theea, an AI-driven digital co-pilot designed to guide life insurance customers with clear, real-time support
Crypto exchanges hit hardest as global bank fines surge 417%
North America accounted for the steepest increase in penalties, with fines climbing to more than $1.06bn in the first half of 2025. That marks a 565% jump compared with H1 2024
Bank of England and Accenture complete RTGS upgrade after £35.2 tn processed
The Bank of England, the United Kingdom’s central bank, and Accenture have finalized the transformation of the Real-Time Gross Settlement service
DeFi protocol Falcon Finance launched $10 mn on-chain insurance fund
Falcon Finance launched an on-chain insurance fund with an initial size of $10 mn. The initiative was designed to build institutional confidence and improve risk management
Life insurtech iPipeline rolls out Advanced Underwriting across SolutionBuilder
iPipeline has expanded its Advanced Underwriting feature to all users of its SolutionBuilder platform, aiming to cut friction in life insurance and financial services protection sales
Moxso raises $5.5 mn to expand AI-driven cybersecurity across Europe
Seed Capital has made its first cybersecurity bet under a new strategy, leading a $5.5mn seed round in Copenhagen-based Moxso. Ugly Duckling Ventures and D2 Fund also joined
Cat Bond issuance tops $21 bn in 2025, marking the most active year in the history of ILS
Aon reported that catastrophe bond issuance surpassed $21 bn during, marking the most active year in the history of the ILS market
Aon and Moody’s warn casualty risks could add $5 bn to reinsurance premiums
Aon has launched a casualty sector update developed with Moody’s, forecasting that emerging risks could generate around $5 bn of reinsurance premium annually
Perils rolls out typhoon loss forecasting tool for Japan
Zurich-based catastrophe data provider PERILS has launched a new forecasting platform that delivers real-time industry loss estimates for typhoons in Japan
Vienna Insurance Group will acquire 80% of Moldasig
Vienna Insurance Group (VIG) will acquire 80% of Moldasig S.A. after securing the stake in a public auction, a move that will make it the largest insurer in Moldova with an estimated 30% market
ABI: UK travel insurers paid £472 mn across 500K claims
Travel insurance delivered significant financial protection in 2024, with members of the Association of British Insurers paying £472 mn across more than 500,000 claims
Florida approves Viceroy Preferred as 15th new homeowners insurer since 2022
Florida regulators have cleared another entrant into the state’s homeowners insurance market. Viceroy Preferred Insurance Co. received approval to launch as a domestic carrier
Cavello Bay Re sues Aspen over $400 mn reinsurance dispute
Cavello Bay Reinsurance, a Bermuda-based subsidiary of Enstar Group, has filed a $400 mn lawsuit against Aspen Insurance Holdings and several affiliates
Sompo Holdings buys Aspen Insurance in $3.5 bn cash deal
Sompo Holdings will acquire Aspen Insurance Holdings for $3.5 bn in an all-cash transaction, marking one of the largest recent cross-border insurance deals
Farmers Insurance says 1.1 mn policyholders affected in vendor data breach
Farmers Insurance disclosed that personal data from more than 1.1 mn policyholders was accessed during a breach at a third-party vendor
Illinois bans life insurers from denying final-expense coverage over felony records
Illinois enacted House Bill 2425, which prohibits final expense life insurers from denying coverage, limiting benefits, or charging different rates solely due to a felony conviction history
Steadfast expands into U.S. with majority stake in Novum Underwriting
Cleveland-based Novum Underwriting Partners, a managing general agent and wholesale brokerage, has become part of Steadfast Group’s network after the Australian insurance giant
Owners Insurance seek to avoid defending dude products in “Assembled in USA”
Owners Insurance Company and Auto-Owners Insurance Company have taken their policyholder, Dude Products, to federal court in Chicago
Anthem, UnitedHealthcare filings put pressure on Colorado’s health insurance market
Colorado’s individual health insurance market is bracing for disruption as filings from UnitedHealthcare’s Rocky Mountain HMO and Anthem’s HMO Colorado
Illinois property owner sues Cincinnati Insurance over $215K wind damage claim
Lincoln Place Capital has filed a lawsuit against The Cincinnati Insurance Company, alleging the carrier refused to pay for wind damage and delayed resolution of a $215,450 claim
Insurtech Sola secures $8 mn to build fully integrated property insurer
Atlanta-based insurtech Sola has raised $8mn in Series A funding, pushing total financing to $11.7mn. The round was led by FINTOP Capital and JAM FINTOP
Verisk and Legentic roll out insurance fraud detection tools for U.S. Insurers
Insurance fraud costs U.S. consumers an estimated $308.6 bn every year, putting pressure on carriers to adopt more advanced detection systems
Insurtech Roamly unveils AI Carshare insurance embedded in SaaS
Roamly has launched an AI-driven Carshare insurance platform aimed at tackling one of the toughest challenges in shared mobility
Jencap’s $5 mn motel fire payout stands after Appeals Court closes door
he Eighth Circuit Court of Appeals has ended a long-running battle over who should bear responsibility for a $5mn payout tied to a motel fire in Brinkley, Arkansas
Progressive and Protective face $6 mn liability clash after bayshore mall ruling
A federal court ruling and a brewing payout fight have drawn Progressive and Protective Insurance into a high-stakes professional liability dispute
KCC warns $100 bn hurricane losses are inevitable for U.S. insurers
KCC, a specialist in catastrophe risk modelling, has released new analysis on the likelihood of U.S. hurricanes driving insured losses above $100bn
P&C reinsurance in Europe hits profitability peak with 81.5% combined ratio
Fitch Ratings said Europe’s four largest reinsurers have reached peak profitability in property and casualty (P&C) reinsurance, reporting a record-low average combined ratio of 81.5%
Concirrus becomes first insurtech to secure AI, security & SOC 2 certifications
Concirrus has become the first insurtech globally to earn ISO/IEC 42001 for AI governance, ISO/IEC 27001 for information security, and SOC 2 compliance
Howden warns of potential aviation reinsurance market firming in Q4 2025
Howden analysts say a series of high-profile aviation losses in 2025 may shift pricing conditions heading into the fourth quarter
Aon pooled employer plan hits $5 bn in 401(k) assets as adoption accelerates
Aon said its pooled employer plan (PEP) has reached $5bn in live and committed U.S. 401(k) assets since launching in 2021. The platform now covers more than 130 employers
Louisiana’s approved private passenger auto insurance rates dropped 2.3%
Louisiana’s approved private passenger auto insurance rates dropped 2.3%, according to Insurance Commissioner Tim Temple. The decline follows a fall in accident frequency
Alabama’s fortified homes program proves insurance savings, spurs nationwide adoption
Homes built to IBHS fortified standards cut claims severity by 15%–40% and reduce loss frequency by at least 55%
Berkshire Hathaway invests $1.57 bn in UnitedHealth Group
Berkshire Hathaway disclosed a $1.57bn investment in UnitedHealth Group after acquiring 5.03mn shares, according to filings with the SEC
Health insurers pull back from Medicare Advantage amid cost pressures
Health insurers are scaling back participation in Medicare Advantage (MA), cutting benefits, and tightening provider networks as rising medical costs
Delaware Supreme Court rules insurers have no duty to cover CVS in opioid lawsuits
The Delaware Supreme Court has ruled that insurers are not obligated to defend or indemnify CVS Health Corp. against opioid-related lawsuits brought by government entities
CarTrawler acquires insurtech Koala to expand into travel insurance
Irish travel technology firm CarTrawler has acquired French insurtech startup Koala, marking its first major move into the insurance technology space
Coalition launches Active Cyber Insurance in France backed by Allianz
Coalition, the cyber insurance specialist known for its “Active Insurance” model, has entered the French market with the launch of its Active Cyber Insurance product
CatIQ estimates loss for Hurricane Debby floods: C$2.806 bn in insured damages
The flooding followed the remnants of Hurricane Debby and has generated total insured losses of C$2.806 bn, a slight decrease from the previous estimate of C$2.817 bn
Lemonade reduces quota share reinsurance from 55% to 20%
Lemonade is scaling back its quota share reinsurance from roughly 55% to 20%, a move driven by stronger capital generation and improved underwriting performance
Insurtech Vesttoo creditors file fraud suit against Aon and CCB over $4 bn LOC scandal
The Vesttoo Creditors Liquidating Trust, established by the U.S. Bankruptcy Court in Delaware, has filed a lawsuit targeting Aon, China Construction Bank (CCB)
Infinity Loop secures $5 mn seed round to expand AI-driven contract platform
Infinity Loop, an AI-native contract intelligence platform for enterprise vendor management, has raised $5mn in a Seed Round led by Glasswing Ventures and TIAA Ventures
Advent to acquire Sapiens in $2.5 bn all-cash deal, taking InsurTech provider private
Sapiens International Corporation, a SaaS software vendor for the insurance sector, will be acquired by private equity firm Advent in a $2.5bn all-cash deal
ePayPolicy secured investment to accelerate insurance payments innovation
ePayPolicy, a provider of digital payment solutions purpose-built for the insurance industry, has secured a strategic investment from private equity firm LLR Partners
Insurtech Naluri secures $5 mn to scale digital health platform in Asia
Naluri, a digital health insurtech provider focused on employee wellbeing, has raised $5 mn in fresh Series B equity, bringing its total Series B funding to $14 mn
Montana Court: Victory Insurance broke state law in workers’ comp shift
The Supreme Court of Montana has upheld regulatory findings that Victory Insurance Co. violated state insurance law by canceling workers compensation policies without consent
C$92 mn in insured losses from Calgary Hailstorm raises pressure on auto insurance
The July 13 hailstorm in Calgary caused an estimated $92mn in insured losses, according to preliminary data from Catastrophe Indices and Quantification
Jasper Wildfire insured losses reach $1.3 bn amid delayed reconstruction
Insured losses from the Jasper wildfire have reached $1.3bn, according to updated figures released by Catastrophe Indices and Quantification
Swiss Re reports $2.6 bn H1 2025 profit, maintains full-year targets
Swiss Re posted a Q2 2025 profit of $1.3bn, bringing net income for the first half to $2.6bn and delivering a return on equity of 23%
NAIC Task Force Reconsiders Life Insurance illustration guidelines
The NAIC Life Actuarial Task Force is revisiting Actuarial Guideline 49-A (AG 49-A), aiming to tighten rules around life insurance illustrations and impose consistent disclosure standards
Arthur J. Gallagher ordered to pay $50 mn earnout after Delaware Court ruling
Arthur J. Gallagher & Co. must pay a $50mn earnout under terms of its acquisition of Patent Insurance Underwriting Services (PIUS) and Newlight Capital
Insurtech Gateway gains approval to operate in Lloyd’s Market
Insurtech Gateway, an incubator focused on early-stage MGAs and SaaS founders, has received authorisation to operate within the Lloyd’s market after securing its Lloyd’s broker licence
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
Discover how a secondary reinsurance market could improve capital efficiency, lower WACC, boost underwriting flexibility and support more efficient pricing
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
Global reinsurance pricing fell more than expected at Jan. 1, 2026 renewals, with abundant capital, weak catastrophe support, and easing terms