Lloyd’s latest systemic risk scenario: the global economy could face losses of $2.4trn over 5Y
Lloyd’s has released its latest systemic risk scenario. The analysis suggests the global economy could face losses of $2.4trn over five years
News
Insurtech Kin introduced a new home insurance in California
Home insurtech Kin Insurance has introduced a new home insurance option in California to address the growing coverage gap in high-risk areas
Maryland Senate seeks to limit how insurers use telematics data in underwriting
A bill in the Maryland Senate seeks to limit how insurers use automobile telematics data in underwriting, expand disclosure requirements
Chubb acquires Liberty Mutual’s insurance businesses in Thailand and Vietnam
Chubb has agreed to acquire Liberty Mutual’s insurance businesses in Thailand and Vietnam, which include property and casualty consumer and commercial assets
Wildfires in Los Angeles impact classic cars and art collections, triggering major insurance claims
Recent wildfires in Los Angeles have affected the market for collectible cars, though the extent of the impact remains uncertain
Marsh announced an expansion of its Fast Track P&C facility
Marsh, a leading insurance broker and risk advisor under Marsh McLennan, announced an expansion of its Fast Track facility
Fairfax reported a $3.9 bn net earnings and $1.8 bn in underwriting profit for 2024FY
Fairfax Financial Holdings reported net earnings of $3.87bn for the 2024 fiscal year, or $160.56 per diluted share after preferred dividends
Georgia Senate passes Bill SB 69 to limit lawsuit awards after Kemp Backs compromise
Georgia Senate Republicans approved a bill Friday to limit lawsuit awards after a compromise on medical damages secured the necessary votes
Insurtech Orion180 hired former The Hartford executive Chris DiMartino as CUO
Orion180, an insurtech provider of innovative insurance solutions, today announced it has hired former The Hartford executive Chris DiMartino as Chief Underwriting Officer
MGA NSM Insurance sells its U.S. division to New Mountain Capital
NSM Insurance Group, a global specialty insurance provider, has agreed to sell its U.S. commercial insurance division to New Mountain Capital
Ping An Insurance to sell 41,9% stake in Autohome for $1.8 bn
Autohome, a Hong Kong-listed company, announced that Ping An Insurance will no longer be its controlling shareholder after selling a 41.91% stake for $1.8bn
Chinese insurtech AIX faces Nasdaq compliance deadline after share price falls below $1
Chinese insurtech AIX announced it received a notification from Nasdaq stating that its American depositary shares (ADS) have fallen below
Chubb named Ana Robic as regional president for Europe, the Middle East, and Africa (EMEA)
Chubb has named Ana Robic as the new regional president for Europe, the Middle East, and Africa (EMEA), stepping into the role previously held by David Furby
MetLife adds former Swiss Re CEO Christian Mumenthaler to Board amid strategic growth
MetLife has elected Christian Mumenthaler, former Group CEO of Swiss Re, to its board of directors, effective May 1, 2025
Digital asset insurtech Soter Insure sequred funding in Series A led by Galaxy
Insurtech Soter Insure, a provider of insurance products for the digital asset market, has raised an undisclosed amount in its Series A funding round, led by Galax
Vouch acquired the team and book of business from StartSure
Vouch, a business insurance provider for high-growth companies, has acquired the team and book of business from StartSure Insurance Services
Insurtech SafelyYou raised $43 mn in a Series C funding led by Touring Capital
Insurtech SafelyYou has raised $43mn in a Series C funding round led by Touring Capital, bringing its total funding to over $100mn
Marine insurtech Ahoy! Insurance expanded into Florida
Ahoy! Insurance, a technology-focused marine insurer, has expanded into Florida. This move targets Florida’s large boating community with flexible
Simplifai introduced Agentic AI to improve claims handling and underwriting
Norwegian insurtech Simplifai has introduced Agentic AI to improve claims handling, underwriting, and customer service
Kera McDonald appointed Swiss Re’s Group Chief Underwriting Officer
Swiss Re announced that Kera McDonald, currently Chief Underwriting Officer of Swiss Re Corporate Solutions, is appointed Group Chief Underwriting Officer
Swiss Re reported a net income of $3.2bn for 2024, ROE of 15%
Swiss Re reported a net income of $3.2bn for 2024, with a return on equity (ROE) of 15%. Fourth-quarter net income reached $1.1bn
Home insurtech Openly announced a $193 mn growth financing round
Home insurance startup Openly announced a $193 mn growth financing round, strengthening its expansion plans and market leadership in insurtech
Flow Specialty introduced the industry’s first AI insurance broker
Flow Specialty, a wholesale 3.0 specialty commercial brokerage, has introduced the industry’s first AI insurance broker
Insurtech Alan increased an annual recurring revenue to €505 mn
French insurtech Alan reported €505mn in annual recurring revenue (ARR) for 2024, marking a 48% increase from €340mn in 2023
Twelve Capital and Securis Investment merge to form $8.5 bn global ILS manager
Twelve Capital and Securis Investment Partners have merged, forming a global insurance-linked securities (ILS) asset manager with $8.5bn
Insurance Europe supports the European Commission's ambition to build a Savings and Investments Union. The insurance sector plays a crucial role in achieving the SIU's goals
The directors and officers (D&O) insurance market has experienced favorable results in recent years, but ongoing risks and market uncertainties could challenge sustainability
Integrating real-time data analytics through big datasets, AI, and ML technologies empowers companies to detect high-risk policies before solidifying agreements
U.S. life insurers have used reinsurance to reduce exposure to long-term care (LTC) insurance. The transactions strengthen balance sheets, improve capital efficiency