Lloyd’s and Ireland launch Irish insurtech accelerator cohort for 2026
Lloyd’s and Ireland’s Department of Finance unveil an Irish-themed Lloyd’s Lab cohort in 2026 to drive insurtech growth and showcase Irish expertise globally
News
Lloyd’s Lab Cohort 15 welcomes 12 insurtech startups tackling global insurance risks
Lloyd’s introduces Cohort 15 of its Lab Accelerator, with startups focused on risk, data intelligence, climate, energy and process transformation
CatIQ lifts insured loss estimate for Ontario-Quebec ice storm to C$490 mn
CatIQ’s latest estimate for the March 2025 ice storm rises to CAD 490m, with personal property claims in Ontario and Quebec driving higher costs
Insurers push EIOPA for deeper Solvency II reporting cuts
European insurers like the tone of EIOPA’s push to cut Solvency II reporting, yet they’re warning the execution risks missing the mark
EU insurers push Brussels for simpler sustainability reporting rules
Insurance groups call on the European Commission to cut complexity in EU sustainability reporting, citing risks, data gaps and litigation concerns
State Farm hit with lawsuit over AI bias, discrimination and unpaid insurance claims
State Farm faces federal lawsuit alleging AI-driven bias, unpaid $372K in claims, and fraudulent damage reporting practices
Florida Democrats push bills to curb property insurance costs nearing $5.7K
Florida Senators roll out bills to cut insurance hikes, expand oversight, create relief funds, and mandate fairer claims processes
FSRA Ontario to tighten life agent oversight, targets “rolling bad apples” in 2026
Ontario’s FSRA to intensify life insurance agent scrutiny in 2026, expand misconduct reviews, and push transparency across insurers
Coinbase and Mastercard circle crypto startup BVNK in $2.5 bn stablecoin race
Coinbase and Mastercard eye $2.5bn BVNK deal, signaling stablecoins’ move from crypto sidelines into financial mainstream
Crypto insurtech Anthea raised $22 mn Series A to launch Ethereum life insurance
Crypto life insurer Anthea secures $22mn Series A led by Yunfeng Financial to launch first ETH-denominated life insurance and expand across Asia
California approved a package of bills reshaping the state’s FAIR Plan
California expands FAIR Plan with new financing tools, mobile home coverage, automatic payment rules, and oversight reforms under Newsom’s signed bills
Munich Re Specialty wins German approval, expands European and UK specialty push
Munich Re Specialty gains approval for German specialty market entry, adds surety to product lines, expands from UK, Ireland, and Spain operations
WTW sues Howden over broker team poaching, claims “coast-to-coast” raids
WTW accuses Howden of poaching brokers and clients through nationwide raids, moving millions in business within days of staff departures
Evanston Insurance ordered to defend builder in $78 mn accident case despite auto exclusion
Court says Evanston must defend builder in $78mn auto accident case, but insurer has no duty to indemnify under its commercial general liability policy
SiriusPoint sells ArmadaCare to Ambac for $250 mn, keeps capacity ties
SiriusPoint offloads ArmadaCare to Ambac for $250mn, books $220–230mn pretax gain, extends capacity partnership with Armada through 2030
Judge Tosses Thompson Thrift’s $PCE coverage fight against Cincinnati Insurance
Indiana court rules Cincinnati Insurance had no duty to defend or indemnify Thompson Thrift in $PCE contamination dispute at Arizona apartments
California insurer IEHP faces DOJ over $320 mn Medi-Cal overpayment dispute
DOJ accuses IEHP of misusing $320mn in Medi-Cal funds through sham programs, false statements, and improper expenses. IEHP vows to fight the claims
Ethos and Neptune Insurance file IPO plans with SEC amid strong earnings
Ethos and Neptune push forward IPO filings with Nasdaq listings, revenue gains, and share details that highlight their insurance-tech growth strategies
US E&S insurers post 11% premium growth, beating P&C market
Excess & surplus insurers logged 11% premium growth in 2024, Fitch says, with underwriting ratios outpacing the wider P&C market for a third year running
Fitch: UK life insurers hold strong capital despite weaker annuity sales
Fitch says UK life insurers keep solvency ratios above 200% in 1H25 despite weaker annuity volumes, tighter margins, and rising exposure to private assets
Tokio Marine taps OpenAI to embed ChatGPT in insurance operations
Tokio Marine teams up with OpenAI to bring generative AI into sales, contracts, and customer services, aiming for sharper proposals and faster processes
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
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
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities
Insurance brokers push debt-financed acquisitions amid slowing growth, Fitch warns credit risks rise but strong cash flow keeps leverage tolerable
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges
Deloitte presents new trends in insurance mergers and acquisitions for 2024-2025, focusing on how economic, regulatory, and strategic factors might shape the future.