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
News
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
Medicare insurtech GoHealth secured $115 mn in new financing
GoHealth secured $115 mn in new financing and overhauled its board as it moves to reinforce its standing in the Medicare market
CyberCube partnered with Wholesure to improve cyber insurance assessments for SMBs
Wholesure, the wholesale brokerage division of Acrisure, has partnered with CyberCube to improve cyber insurance assessments for small and medium-sized businesses
Life insurer Meanwhile appoints Michael Grob as Head of International Distribution
Meanwhile, the Bitcoin-denominated life insurance company, announced the appointment of Michael Grob as Head of International Distribution
Swiss health insurer Klug announced bankruptcy and will cease operations
Swiss health insurance company Klug has announced bankruptcy and will cease operations at the end of the year. The company, with a 107-year history and around 9,300 insured members
Kinetic Insurance Brokers adopted Novidea’s cloud-native insurance platform
Kinetic Insurance, a US-based managing general underwriter, has adopted Novidea’s cloud-native insurance management platform to modernize operations and expand capacity
Reliable Transportation Association rolled out a Physical Damage auto insurance program
Reliable Transportation Association (RTA), a managing general agent and Lloyd’s of London coverholder, has rolled out a Physical Damage insurance program for commercial auto
Severe Convective Storms inflicted $58bn in insured losses – ZestyAI’s research
Severe Convective Storms (SCS) inflicted $58bn in insured losses in 2024, surpassing hurricanes and ranking as the second-costliest year on record for these events
NFP deployed Qumis, AI platform for insurance lawyers, to overhaul P&C operations
NFP has deployed Qumis, an AI platform developed by insurance lawyers, to overhaul its property and casualty operations
AI-insurtech Honeycomb expands admitted capacity in 18 U.S. states
AI-insurtech Honeycomb Insurance has teamed up with Trisura Insurance Company to expand admitted capacity in 18 U.S. states
TransRe partners with insurtech Cytora to digitize facultative reinsurance
TransRe has struck a global deal with Cytora to digitize its facultative reinsurance operations. The new system frees underwriters and claims specialists to focus on complex risks
Marsh launched indemnification coverage for investbanks within D&O insurance
Marsh introduced a new indemnification coverage for investment banks within its directors and officers liability (D&O) insurance program
Prudential signed $4 bn longevity risk transfer deal with NN Life & Pensions
Prudential Financial’s subsidiary signed a $4 bn longevity risk transfer deal with NN Life & Pensions, part of NN Group
Howden confirmed the successful repricing of its $3.1bn USD Term Loan B
Howden Group, the global insurance intermediary, has confirmed the successful repricing of its $3.1bn USD Term Loan B due 2031 and its £765m Revolving Credit Facility
Inclined Technologies secures $8 mn Series B to expand whole life insurance platform
Inclined Technologies, a digital platform that simplifies access to the living benefits of whole life insurance, has closed an $8mn Series B round
48% of insurers skip licensing catastrophe models despite record losses – Aon
Aon’s Catastrophe Risk Management Survey found that 48% of insurers do not license catastrophe models, and only 27% maintain dedicated model evaluation teams
Hannover Re posted €13.3 bn in gross reinsurance revenue for H1 2025
Hannover Re posted €13.3bn in gross reinsurance revenue for H1 2025, a 3.3% increase year-on-year, driven by growth in P&C offsetting a small contraction in L&H
Lloyd’s specialty insurer Atrium expands aviation team
Lloyd’s specialty insurer Atrium has named Rob James as Underwriter in its Aviation division.James will work alongside Bassel Matta, Head of Aviation
Factory Mutual Insurance faces $100 mn business interruption claim over Texas petrochemical blast
Factory Mutual Insurance Co. must defend against a $100mn business interruption claim tied to a 2019 explosion at a Texas petrochemical plant
Lancashire names new CEOs in UK and Bermuda as leadership transitions begin
Lancashire Syndicates and Lancashire Insurance Co.will see a change at the top in early 2026. Rachel Sabbarton will take over as CEO of Lancashire Syndicates
Manulife reports strong 2Q2025 earnings, recording net income of $1.8 bn
Manulife Financial Corporation delivered a solid second quarter in 2025, recording net income of $1.8 bn, a sharp $0.7 bn increase over the same period last year
Insurance losses from the floods in South Korea pressures on non-life insurers
The estimated insurance losses from the unexpectedly severe floods in South Korea will place pressure on the financial performance of the country’s non-life insurers
Manulife Financial acquires 75% stake in Comvest Credit Partners for $937.5 mn
Manulife Financial Corp. will acquire a 75% stake in Comvest Credit Partners for $937.5 mn, a move aimed at expanding its private credit platform
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
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