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
News
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
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
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
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
Flood insurance coverage worth $1.3 tn sits on the edge of expiring, marked as the deadline. Congress hasn’t agreed on an extension