Georgia signed new law that expands how captive insurers can operate
Georgia Governor Brian Kemp signed a new law that expands how captive insurance companies can operate
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MetLife appoints Jane Slusark as chief communications officer
MetLife appoints Jane Slusark as chief communications officer. She will manage global communications, covering internal messaging
California insurance department forms task force to set smoke damage standards
The California Department of Insurance (CDI) is forming a task force to develop clear rules for insurance coverage and cleanup procedures related to smoke-damaged homes
Swiss Re reported strong Q1 2025 results in P&C and L&H reinsurance
Swiss Re reported strong first-quarter results in both its property & casualty and life & health reinsurance businesses
Alberta approves no-fault auto insurance amid public & legal pushback
Alberta lawmakers have passed legislation to introduce a privately operated no-fault auto insurance model, focusing on a “care first” approach
Montana is changing how it taxes captive insurance companies
Montana is changing how it taxes captive insurance companies. A new law signed by Gov. Greg Gianforte replaces the flat-rate system with a tiered premium tax model
Insurtech XChange TEC INC to appeal Nasdaq delisting after market value shortfall
Insurtech XChange TEC.INC will appeal a Nasdaq delisting notice after failing to maintain the required $35 mn minimum market value
Lloyd’s urges underwriting discipline amid insurance market fragility
With risk-adjusted rate changes falling and economic conditions unclear, Lloyd’s is pushing its underwriters to stay focused, especially in the expanding delegated business sector
Lloyd’s corporate affairs Director Rebekah Clement to step down
Lloyd’s announced that Rebekah Clement will leave her role as corporate affairs director to take on a new opportunity outside the organization
Helvetia board approves Caser merger to strengthen position in Spain
Helvetia Group announced that its board of directors has approved a merger involving Caser, Helvetia Seguros, and Helvetia Holding Suizo
Massachusetts blocks workers’ comp rate hike, saving businesses $80 mn
Massachusetts Insurance Commissioner Michael Caljouw denied a proposed 7.1% rate increase from the Workers’ Compensation Rating and Inspection Bureau of Massachusetts
CLARA Analytics study shows AI can spot insurance fraud early
A recent study by CLARA Analytics shows that AI tools can flag possible fraud in property and casualty claims just two weeks after filing, much faster than traditional methods
Bupa CareConnect signs four strategic partnerships with global healthtechs
Bupa CareConnect, the Kingdom’s leading cooperative health insurance provider, announced the signing of four strategic partnership agreements with global health tech companies
New tariffs put Bitcoin miners in the U.S. under pressure
American Bitcoin miners are struggling after President Trump’s new tariffs focus on crucial hardware imports
CBO: Proposed ACA changes could cut insurance coverage and federal deficit
If the proposed changes to the Affordable Care Act marketplace move forward, 1.9 million more people could lose health insurance, and nongroup coverage could fall by 2.2 million annually
Policyholders push for probe into State Farm’s LA Wildfire claim delays
A group of policyholders affected by wildfires in Los Angeles is calling on Insurance Commissioner Ricardo Lara to act on his statement about a possible investigation
Marsh sues former aviation head and WTW over alleged employee poaching
Marsh USA LLC is accusing the outgoing head of its aviation and space practice group of conspiring with Willis Towers Watson executives to woo away a significant portion of its aviation brokers and clients
Iowa signed new law regulating auto glass repairs and insurance claims
Iowa Gov. Kim Reynolds signed a new Senate File 573 into law, establishing new regulations for auto glass repair and insurance claims
Insurtech Wefox sells Italian insurance subsidiaries
Wefox, an insurtech and managing general agent, announced it will sell all shares in its Italian subsidiaries—Wefox MGA and Wefox Services Italy
California Insurance Commissioner approved State Farm’s request for rate increases to 38%
California Insurance Commissioner Ricardo Lara approved State Farm General Insurance Co.’s request for interim rate increases ranging from 15% to 38%
U.S. Court issued split ruling on Boy Scouts’ $2.46 bn abuse settlement
The U.S. Court issued a split decision in a case involving two sets of insurers objecting to the Boy Scouts of America’s $2.46 bn sexual abuse settlement
Insurance Australia Group acquires RAC’s insurance business valued at A$1.35 bn
Insurance Australia Group reached an agreement with the Royal Automobile Club of Western Australia to acquire RAC’s insurance business in a deal valued at A$1.35 bn
CMA launches inquiry into Aviva’s £3.7 bn acquisition of Direct Line
The U.K. Competition and Markets Authority (CMA) has opened a merger inquiry into Aviva plc’s planned acquisition of Direct Line Insurance Group
FCA plans to update insurance regulations in the UK to cut outdated rules
The U.K. Financial Conduct Authority (FCA) plans to update insurance regulations to cut outdated or duplicative rules
Gallagher developed a $1 bn insurance industry solution to help airlines avoid grounding
Insurance broker Gallagher developed a $1 bn industry solution to help airlines avoid grounding their fleets immediately after a hostile nuclear detonation
Swiss Re reported a net income of $1.3 bn and ROE of 22.4% for Q1 2025
Swiss Re reported a net income of USD1.3billion and a return on equity (ROE) of 22.4% for the first quarter of 2025
Willis launched FinTech Plus — global insurance solution for fintechs
FinTech Plus offers a unified structure that addresses a wide range of financial exposures, now including comprehensive Cyber protection
MetLife, in partnership with Aura, launched digital cyber safety tool for children
MetLife, in partnership with Aura, has launched a digital safety tool designed to help parents monitor and support their children’s online activity
GenAI insurtech Sixfold launched new feature called Discrepancy Scan
Sixfold, a company focused on generative AI for insurance risk analysis, has launched a new feature called Discrepancy Scan
Insurance broker HUB International secured a $1.6 bn minority equity investment
HUB International, a leading North American insurance brokerage that provides employee benefits, business, and personal insurance products and services, has secured a $1.6 bn minority equity investment
Insurtech KatRisk acquired Gamma to strengthen location intelligence and risk capabilities
KatRisk, a provider of catastrophe risk modeling software for the insurance and financial sectors, has acquired Gamma
Hannover Re reported net income of €480 mn for Q1 2025, down 13.9% YoY
Hannover Re reported a group net income of €480 mn for Q1 2025, down 13.9%, driven by large losses in its property and casualty reinsurance segment
Munich Re reported Q1 2025 net result of €1.1 bn
Munich Re reported a net result of €1.1 bn for the first quarter of 2025, maintaining its full-year profit guidance of €6 bn despite incurring around €1.1 bn in losses
MGA Revau entered a strategic partnership with MGAs Brazos and Twenty Mile
Canadian P&C managing general agent Revau has entered a strategic partnership with Texas-based MGAs Brazos Specialty Risk Insurance and Twenty Mile Insurance Services
Monument Re transferred a €1.4 bn reinsurance portfolio to RGA Americas Re
Monument Re Ltd. has transferred a €1.4 bn legacy reinsurance portfolio to RGA Americas Reinsurance, following regulatory and board approvals
IHC launches AI-based reinsurance platform in Abu Dhabi
Institutional investor IHC announced the launch of a new artificial intelligence-based reinsurance platform, headquartered in the Abu Dhabi Global Market
Optio Group acquired Custodian Management, a UK-based MGA
Optio Group, an independent specialty managing general agent (MGA) platform, has acquired Custodian Management, a UK-based MGA
New York Convention overrides Louisiana arbitration ban in insurance disputes
The U.S. Second Circuit Court of Appeals reversed its earlier decision, ruling that arbitration clauses established under the New York Convention
New York Court confirms Rhode Island law applies in Zurich insurance dispute over $8.6mn claim
The New York Supreme Court Appellate Division upheld a lower court’s decision confirming that the applicable law in an insurance dispute
Lloyd’s appointed Patrick Tiernan as CEO, effective June 1
The Council of Lloyd’s has appointed Patrick Tiernan as the next chief executive officer, effective June 1, pending regulatory approval
Aspen Insurance adds 2.6 mn shares to IPO, targeting $77.6 mn
Aspen Insurance Holdings plans to add 2.6 mn ordinary shares to its initial public offering at a price of $30 per share, totaling $77.6 mn
Florida Legislature passes bill on foster care insurance coverage reform
The Florida Legislature passed a bill aimed at addressing foster care insurance coverage by limiting liability for subcontractors involved in the system
Aon named Anthony DiLorenzo as head of US casualty for Reinsurance Solutions
Aon, a global professional services firm, named Anthony DiLorenzo as head of US casualty for Reinsurance Solutions
Amanda Lyons appointed as CEO of Aon Reinsurance Solutions in Bermuda
Aon, a global professional services firm, announced that Amanda Lyons had been appointed CEO of Aon Reinsurance Solutions Limited in Bermuda
Lloyd’s invested in cyber insurtech BreachBits
Lloyd’s has invested in BreachBits, a cyber risk technology company founded by former US military cyber warfare professionals
ClimateTech Mitigrate secured strategic investment from Lloyd’s
Mitigrate, a ClimateTech SaaS company and Lloyd’s Lab alumni, has secured a strategic investment from Lloyd’s, with continued backing from existing investors
ZestyAI received regulatory approval for Severe Convective Storm suite
ZestyAI, a provider of AI-based insurance risk analytics, has received regulatory approval from the Ohio Department of Insurance for its Severe Convective Storm suite
MIB is acquiring Clareto from Munich Re Life US
MIB, a provider of data-focused services for the life insurance sector, is acquiring Clareto from Munich Re Life US, a subsidiary of Munich Re
MetLife reported 10% increase in Q1 net income, reaching $879 mn
MetLife reported a 10% increase in first-quarter net income, reaching $879 mn, supported by a net gain from derivatives and growth in premiums and fees
AXA XL reported 7% revenue growth in Q1 2025, reaching €21 bn
AXA XL reported a 7% increase in gross written premiums and other revenues in Q1 2025, reaching €21bn. This included a 12% rise in AXA XL Reinsurance premiums
U.S. annuity sales reached $105.4 bn in Q1 2025
U.S. annuity sales reached $105.4 bn in the first quarter, coming within 1% of the record set in Q1 2024, according to preliminary data from LIMRA
U.S. Court revives lawsuit against Kinsale Insurance over shooting settlement delay
A federal appeals court ruled that a jury should hear a bad-faith lawsuit against Kinsale Insurance Co., which faces accusations of failing to make a timely settlement offer related to a shooting incident
Florida lawmakers propose attorney fee shift in insurance disputes via mining legislation
Provisions altering the rules for awarding attorney fees in Florida have been added to legislation originally focused on procedures for phosphate mining litigation
Louisiana approved several insurance-related bills focused on legal reforms
The Louisiana House of Representatives approved several insurance-related bills focused on legal reforms, covering areas such as trial evidence rules and limits on specific types of damage awards
Allstate reported Q1 2025 net income of $566 mn attributable to common shareholders
Allstate Corp. reported Q1 2025 net income of $566 mn attributable to common shareholders, a 52.4% decline from the previous year
Hanover Insurance Group reported Q1 net income of $128 mn
Hanover Insurance Group Inc. reported first-quarter net income of $128.2 mn, up from $115.5 mn a year earlier
California Assembly Insurance Committee approved the California Safe Homes Act
The California Assembly Insurance Committee approved the California Safe Homes Act with a 16-0 vote. The legislation, backed by the insurance industry
Louisiana passed House Bill 148 to give the insurance commissioner more authority
Louisiana’s House of Representatives passed House Bill 148, which would give the insurance commissioner more authority to reject rate filings considered excessive
MediHelp International launched CoverGo’s health insurance platform
MediHelp International has officially gone live with CoverGo’s next-gen, end-to-end health insurance platform
AIaaS insurtech CLARA Analytics announced new subrogation detection capabilities
CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimization, announced game-changing subrogation detection capabilities
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
Over 40% of agentic AI projects will be canceled by the end of 2027, due to escalating costs, unclear business value or inadequate risk controls
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds