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
News
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
Allianz: ‘Sandwich generation’ caregiving pressures derail U.S. retirement plans
Allianz study shows 70% of Americans caring for kids and parents say retirement plans suffer, with many cutting savings to support dual caregiving needs
Earnix raises $290 mn to expand AI decisioning for insurers and banks
Earnix secures $290 mn from TPG GP Solutions, JVP, and others to fuel global growth of its Dynamic AI platform for pricing, underwriting, and risk decisioning
Canopius entered into a strategic partnership with insurtech Kalepa
Canopius has entered into a strategic partnership with Kalepa, an underwriting technology company, to supercharge its U.S. operations
Insurtech Seyna secures €10 mn to scale AI-driven broker insurance platform
Paris-based insurer Seyna has raised €10mn in fresh funding to reinforce its solvency and accelerate technology investment as demand from brokers and MGAs surges
Arizona orders RespondersHealth to halt unlicensed insurance operations
Arizona regulators hit RespondersHealth with a cease-and-desist for selling unlicensed health insurance, denying claims, and misleading first responders
PERILS cuts Cyclone Alfred insured loss estimate to A$1.92 bn after revised claims data
PERILS revises Cyclone Alfred industry loss to AUD 1.92bn, citing rainfall-driven damage across Queensland and NSW, with 70% from personal property lines
Third Point completes Malibu Life Re acquisition, targets $5 bn premiums by 2027
Third Point Investors finalizes Malibu Life Re deal, issues new shares, and sets sights on $5bn annual premiums with strong U.S. annuity market tailwinds
New York Life Insurance to unify asset management arms into $785 bn global platform
New York Life will merge its general account and third-party asset units in 2026, creating a $785bn global platform spanning public and private markets
A House bill would overhaul FEMA flood maps under National Flood Insurance Program
A House bill would overhaul FEMA flood maps under NFIP as lawmakers warn of coverage risks if the program lapses at month’s end
Brazilian insurtech 180° Insurance raises $9.2 mn pre-Series B to scale AI insurance
180° Insurance secures $6.4mn equity and $2.8mn debt in pre-Series B, bringing total raised to $46mn as it expands AI-driven B2B2C insurance in Brazil
Elysian secures $6 mn seed to launch AI-native insurance claims platform
Elysian raises $6mn seed to scale its AI-powered TPA platform for commercial insurance, rethinking claims handling with hybrid intelligence and expert review
LightSpun raises $13 mn Series A to modernize dental insurance with AI
Boston-based LightSpun secures $13mn Series A to scale its AI dental insurance platform, cutting admin costs, speeding claims, and expanding provider access
Allianz X invests in Coterie Insurance’s Series C round to back SMB coverage growth
Allianz X leads Coterie’s Series C, expanding reinsurance ties and boosting AI-driven small business insurance in the U.S. market
Insurtech Pathwork raises $3.5mn to scale AI-native life & health insurance platform
AI startup Pathwork secures $3.5mn seed round to modernize life and health insurance distribution, replacing manual workflows for brokers and carriers
Applied Systems acquires Cytora to expand AI-driven insurance automation
Applied Systems buys Cytora, integrating its AI risk platform to cut costs, speed underwriting, and advance the “Digital Roundtrip of Insurance.”
Insurtech Parento secures $5.9 mn Seed II to expand paid parental leave insurance
NY-based Parento raises $5.9mn Seed II, bringing total to $10.3mn, to expand paid parental leave insurance and employee support services for US employers
US House probes CVS over alleged misuse of patient data in Louisiana lobbying
House Republicans opened an inquiry into CVS Health, alleging it used patient data in lobbying texts against a Louisiana bill restricting PBMs
Berkley Insurance sues IT provider over $1 mn cyber-theft tied to email breach
Berkley Insurance is seeking $1mn from Alliance Systems, alleging failure to notify client PPL of an email breach that led to wire transfer fraud
Court fines Senior Health Insurance $482K for violating LTC injunction
Senior Health Insurance Co. of Pennsylvania and rehabilitators found in contempt for violating an Iowa court order blocking its rehabilitation plan
Aviation insurance faces losses but capacity remains stable
Guy Carpenter says aviation insurers face rating pressure and claims volatility, yet ample reinsurance capacity supports stable renewals into 2025
McGill and Partners posts 20% growth, secures $300 mn refinancing package
McGill and Partners delivered record first-half results in 2025, reporting more than 20% organic revenue growth and a 79% jump in adjusted EBITDA
US P&C insurers stay profitable in 2025 despite $92 bn catastrophe losses
Fitch reports US P&C insurers posted a 96.4% combined ratio in 2025, with profits intact despite heavy catastrophe losses and moderating pricing momentum
Insurtech ZestyAI adds mitigation-aware storm risk scoring for insurers
ZestyAI’s new storm risk feature lets insurers adjust risk scores for property upgrades, improving underwriting, rating accuracy, and customer transparency
PwC: Reinsurance could add $17 tn value by 2035 amid climate and tech shifts
PwC says reinsurers may create $17tn by 2035, moving from capital backstops to resilience orchestrators as climate, cyber, and systemic risks reshape markets
Reinsurers’ buffer reserves may fuel profit growth until 2027
Berenberg says reinsurers’ use of buffer reserves from 2023–24 gains could keep reported profits rising until 2027 despite softening catastrophe pricing
Apollo pushes ‘Turnkey Plus’ strategy, expands syndicate partnerships at Lloyd’s
Apollo grows its Lloyd’s platform with new syndicate partnerships, underwriting expertise, and a long-term “Turnkey Plus” strategy for re/insurance partners
SageSure to buy Gemini Financial, adds Olympus MGA and Florida insurer
SageSure acquires Gemini Financial and Olympus MGA, boosting Florida presence with 130k policies, $700mn premiums, and 1,500 agents statewide
Ariel Re secures Lloyd’s approval for new syndicate, splits business lines
Ariel Re gains Lloyd’s approval for Syndicate 2006, expands into cyber, clean energy, marine, while Syndicate 1910 focuses on property catastrophe
EverPeak Insurance buys Method Insurance to expand broker reach nationwide
EverPeak Insurance acquires Method Insurance to broaden broker options, boost tech-driven services, and strengthen workers’ comp solutions for employers
Blue Cross Blue Shield of Massachusetts settles with regulators on 11.9% rate hike
Blue Cross Blue Shield of Massachusetts reached a deal with regulators allowing an 11.92% rate increase for individual and small group health plans
CatX and Cactus merge to form Bermuda’s biggest insurance software firm
CatX and Cactus join forces, creating Bermuda’s largest insurance software firm and launching Cactus Risk Studio, an AI-driven platform for risk analysis and transactions
Insurtech Kin raises $50 mn Series E at $2 bn valuation, adds $200 mn debt facility
Insurtech Kin just pulled in serious backing. The direct-to-consumer home insurer closed an oversubscribed $50mn Series E round at a $2bn pre-money valuation
Ryan Specialty and Axis Capital launch $900 mn reinsurance sidecar for RSUM
Ryan Specialty teams with Axis Capital to create RAC Re, a $900mn collateralized reinsurance vehicle backing RSUM’s delegated authority platform
Insurtech CLARA Analytics launched IaaS to give insurers sharper benchmarking
AI insurtech CLARA Analytics, the provider of AI technology for insurance claims optimization, launched of CLARA Intelligence-as-a-Service (IaaS)
Fitch warns reinsurance competition squeezing earnings in Latin America
Fitch flags soft pricing, sovereign risk, and a wide protection gap despite steady demand for catastrophe cover
AM Best shifts U.S. health insurance outlook to negative as costs rise
AM Best has cut its outlook on the U.S. health insurance sector from stable to negative, citing higher medical spending, deteriorating risk pools
Hannover Re sees stable reinsurance demand despite geopolitical risks
Hannover Re highlights shipping incidents, aviation shifts, and strong ILS activity as markets stay competitive through 2025
One in four Brits unaware if homes face flood risk or storm damage, ABI warns
ABI survey finds millions unprepared for storms and flooding, with costly claims already hitting £424mn in 2025
Swiss Re flags AI, catastrophe risks, and geopolitics at Monte Carlo talks
Swiss Re says this year’s reinsurance renewals face pressure from rising natural catastrophe losses, geopolitical fragmentation, and fast-moving AI adoption
Discover how a secondary reinsurance market could improve capital efficiency, lower WACC, boost underwriting flexibility and support more efficient pricing
Global reinsurance pricing fell more than expected at Jan. 1, 2026 renewals, with abundant capital, weak catastrophe support, and easing terms
Reinsurance rates in several lines softened quicker than anyone expected this year, especially in casualty and cyber, yet trading conditions across the Lloyd’s market still look reasonably favorable
Re/insurance industry is showing strong momentum. Fund and Insure domain as the big opportunity—potentially generating $17 tn in gross value by 2035