ABI urges FCA to clarify targeted support rules for pensions and investments
ABI backs FCA’s push for targeted support but warns firms need clearer rules, proportionate requirements, and consistent language to deliver at scale
News
ABI backs Pension Schemes Bill but urges MPs to tighten safeguards
ABI supports the UK’s Pension Schemes Bill, calling for stronger rules on Superfunds, clear timelines, and measures to keep savers first.
Aon launches upgraded Event Analytics to sharpen catastrophe response
Aon unveils an advanced Event Analytics platform with real-time loss data, mapping tools, and historical storm simulations to strengthen insurers’ disaster decisions
Verisk warns insurers: property loss risk tops $152bn annually
Verisk says insured catastrophe losses hit $152bn globally, with storms, wildfire, and inflation pushing risk into uncharted territory for insurers.
Bain Capital to buy insurance platform Jensten Group, plans tech and M&A push
Bain Capital moves to acquire U.K.-based Jensten Group, expanding its insurance distribution play with fresh capital and growth strategy
Insurance Australia Group seals A$855 mn deal for RACQ Insurance
IAG buys 90% of RACQ Insurance for A$855 mn, adding 840 staff and securing a 25-year underwriting partnership in Queensland
Apollo secured Lloyd’s approval for ReShare Syndicate 1972, launching 2026
Apollo has secured “in principle” approval from the Lloyd’s Council to establish Apollo ReShare Syndicate 1972, with underwriting slated to begin on Jan. 1, 2026
Insurtech Optalitix extends pricing platform to reinsurance with new quote tools
Insurtech Optalitix has expanded its pricing platform, Optalitix Quote, to serve the reinsurance market, adding tools to model treaty and facultative quotes, manage data
Insurance Europe warns draft Solvency II rules risk undermining EU growth goals
Insurance Europe has warned that the European Commission’s draft Level 2 measures for Solvency II fall short of political commitments and could stall economic growth
Lloyd’s results for H1 2025: premium increasing by 6.2% to £32.5 bn
Lloyd’s of London announced its results for the first six months of 2025 with gross written premium increasing to £32.5bn (HY 2024: £30.6bn) and a combined ratio of 92.5%
Gallagher Re to acquire Steadfast Re, expanding in Australia & Asia Pacific
Gallagher Re, the reinsurance broking arm of Arthur J. Gallagher, has agreed to acquire Steadfast Re, the Sydney-based reinsurance broker launched a decade ago
Skyward Specialty to acquire Lloyd’s platform Apollo in $555 mn deal
Skyward Specialty Insurance Group has agreed to acquire 100% of Apollo Group Holdings Limited for $555 mn, marking a significant expansion
Neutrinos launches AI-native coreless platform to modernize insurance systems
Insurtech Neutrinos has unveiled its AI-Native Coreless System of Execution (CSoE), a platform the company says delivers enterprise-grade intelligent execution through data virtualization and metadata streaming
Marsh McLennan Agency expands in Tennessee with Robins Insurance deal
Marsh McLennan Agency (MMA), the middle-market subsidiary of Marsh, has acquired Robins Insurance, a Nashville-based independent brokerage
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
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
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
Digital-asset adoption keeps rising and so do the risks tied to holding or moving value online. Insurers now face new pressure to design products that respond to crypto-specific threats
Although cyber incidents have not resulted in a significant systemic event for the U.S. financial services sector to date, they could pose risks to financial stability
Ransomware cases surge as cloud and AI adoption expands attack surfaces, driving higher losses, supply chain risk, and tougher cyber insurance conditions