Fintech Octane Lending secured a $700 mn facility from life insurers
Octane Lending, a fintech company that finances recreational purchases such as all-terrain vehicles, secured a $700 mn forward-flow facility from a group of life insurers
News
Kansas approves law establishing rules for protected cell captive insurers
Kansas Governor Laura Kelly approved legislation permitting one or more sponsors to establish a protected cell captive insurance company
U.S. insurers face $50 bn in Q1 losses amid Los Angeles Wildfires and Storms
U.S. insurers accounted for the majority of global insured losses in the first quarter, which reached the highest level in 15 years
Nevada Bill 180 proposes doubling liability insurance for trucking companies
The Nevada Senate approved a bill to raise the minimum liability insurance limits for motor carriers from the federally mandated $750,000 to $1.5 mn
PERILS estimated Cyclone Alfred insurance loss in Australia at AUD 2,568 mn
PERILS has disclosed its initial industry loss estimate for Cyclone Alfred which affected the Australian states of Queensland and New South Wales
PERILS released the Industry Exposure Database 2025
PERILS, the company providing industry-wide catastrophe insurance data, has released the PERILS Industry Exposure Database 2025
Insurtech 1Fort secured $7.5 mn to expand AI-powered insurance platform
1Fort, an AI platform for business insurance, has raised $7.5mn in an oversubscribed funding round led by Bonfire Ventures. This brings 1Fort’s total funding to $10mn
Insurtech Ocient raised $49.4 mn in additional Series B funding
Ocient, a data analytics software company, announced it raised $49.4 mn in additional Series B funding
Insurtech UnderwriteMe named Andrew Doran as new CEO
UnderwriteMe, the insurtech company owned by Pacific Life Re, has named Andrew Doran as its new chief executive officer
EU insurers to keep crypto exposure low under proposed S2 risk charge
EU insurers to maintain minimal exposure to crypto assets if the European Commission adopts a proposed 100% Solvency II (S2) risk charge
FCA review of private market valuations: findings, recommendations, industry outlook
The UK Financial Conduct Authority (FCA) released the results of a review examining valuation practices in private markets
Aon released Q1 Global Catastrophe Recap, providing analysis of natural disasters
Aon released its Q1 Global Catastrophe Recap for April 2025, providing analysis of natural disaster events worldwide during the first quarter
Louisiana advances Auto Insurance Reform to address legal system abuse
The Louisiana House of Representatives Committee on Civil Law and Procedure has approved a set of automobile insurance-related bills
U.S. Supreme Court case challenges preventive care mandates in insurance
U.S. Supreme Court will begin hearing arguments in Kennedy v. Braidwood, a case that questions the constitutionality of the U.S. Preventive Services Task Force
Florida expands pet insurance regulations with new disclosure and standards
Florida introduced new regulations to define terms, require disclosures, and establish other regulatory standards for pet insurance and wellness programs
Landmark Admin updated the number of individuals affected by cyberattack to 1.6 mn
Landmark Admin LLC has updated the number of individuals affected by last year’s cyberattack to 1.6 mn, according to a data breach notice
Insurtech Ignyte launched as a specialty platform for insurance brands
Ignyte Insurance launched as a specialty insurance platform focused on acquiring, expanding, and supporting insurance brands in niche global markets
California insurers accused of collusion to force homeowners onto high-cost Fair Plan
Two law firms representing California homeowners have accused several of the state’s largest home insurance companies of working together to eliminate standard property policies
Bernhard Kaufmann will succeed Patrick Raaflaub as Swiss Re’s Group CRO
Swiss Re announced that Bernhard Kaufmann will succeed Patrick Raaflaub as Group Chief Risk Officer as of 1 October 2025
UK insurtech Marshmallow raised £68 mn, bringing valuation to £1.5 bn
UK-based insurtech Marshmallow has raised £68 mn through a mix of debt and equity financing, bringing its valuation to £1.5 bn
Crypto life insurtech Meanwhile raised $40 mn in a Series A, valued at $190 mn
Meanwhile, a life insurance startup that operates exclusively in Bitcoin, raised $40mn in a Series A funding round. The company is now valued at $190mn
Vienna Insurance Group acquired a 48.8% stake in financial broker Phinance
Vienna Insurance Group (VIG), based in Austria, has acquired a 48.82% stake in Polish financial broker Phinance
Luma Financial Technologies sequred $63 mn in Series C
Luma Financial Technologies, a global insurtech company in structured products and insurance solutions, has raised $63mn in Series C funding
Chapter raised $75 mn in Series D to expand Medicare & retirement services
Chapter, a Medicare guidance insurtech platform headquartered in New York, secured $75mn in Series D funding led by Stripes
UK-based insurtech Ripe completes acquisition of GJW Direct from Munich Re
UK-based insurtech Ripe has completed the acquisition of marine insurance provider GJW Direct from Munich Re Specialty
Insurtech XChange TEC INC acquired a Hong Kong-based insurance broker
Chinese insurtech XChange TEC INC has acquired a Hong Kong-based insurance broker, establishing a base to expand its services across China
Louisiana considers auto insurance premium tax credit legislation
A bill under review in the Louisiana legislature proposes a tax credit for policyholders paying high automobile insurance premiums
Lloyd’s market delivers strong investor returns amid shifting business mix
In 2024, Lloyd’s delivered strong returns to investors, with overall market profits just below the previous year’s record high
Australian ASIC sues Hollard Insurance over prolonged claim handling
The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against Hollard Insurance Partners, alleging serious failures
Illinois Senate considers study on insurance rating practices & potential disparities
The Illinois Senate is reviewing House Bill 1234, which mandates a study into whether insurers’ use of ZIP codes, credit scores, age, and other underwriting criteria results
China’s NAFR eases investment limits for insurers to boost real economy
China’s National Administration of Financial Regulation (NAFR) is raising equity allocation ratios for certain assets and increasing the cap on venture capital fund
Texas Court overturns $25 mn judgment for Exxon in refinery explosion insurance dispute
A Texas appellate court overturned a prior $25 mn judgment awarded to Exxon Mobil Corp. and ExxonMobil Oil Corp. in a dispute with Lexington Insurance Co
Appeals Court rules State Auto Insurance denied E&O coverage in $13.3 mn death case
The 6th Circuit Court of Appeals upheld a lower court decision that State Auto Insurance Co. was not entitled to coverage under its errors and omissions (E&O) insurance
Marsh launches CyberShore Bermuda up to $30 mn in excess cyber insurance capacity
Marsh, the insurance broker and risk advisor, and a business of Marsh McLennan, announced the launch of CyberShore Bermuda, an exclusive, excess cyber insurance
Tesla Insurance removes forward-collision warnings from Safety Score Program
Tesla Insurance Services Inc. has removed forward-collision warnings from the list of metrics used in its Safety Score Beta program
Swiss Re shareholders approve all proposals at Annual General Meeting
Swiss Re’s shareholders approved all motions put forward by the Board of Directors at today’s Annual General Meeting
Ageas acquires esure for £1.3 bn, expanding UK insurance market position
Ageas has reached an agreement with Bain Capital to acquire esure, a UK-based digital personal lines insurer, for a cash consideration of £1.3 bn
UK non-life insurance sector maintains stable outlook – AM Best
AM Best has reaffirmed a stable near-term outlook for the United Kingdom’s non-life insurance sector
wefox finalised a funding agreement up to €170mn, led by Searchlight Capital
Insurtech wefox is close to finalising a funding agreement valued at up to €170mn, led by private equity firm Searchlight Capital Partners
Senator Miller introduces Minnesota Bitcoin Act to advance state crypto adoption
Senator Jeremy Miller introduced the Minnesota Bitcoin Act (SF2661), aiming to expand the state’s financial tools by incorporating crypto into state investment strategies
Changes in U.S. tariffs may continue to strain insurers’ financial positions
Although a 90-day pause is currently in place, recent fluctuations in stock and bond markets caused by changes in U.S. tariffs may continue to strain insurers’ financial positions
A growing cyber insurance protection gap is affecting small businesses – CyberCube report
A growing cyber protection gap is affecting small businesses. A recent report by CyberCube outlines a growing gap in cyber insurance coverage
Pool Re secures £100 mn in third catastrophe bond to expand private terrorism risk cover
Pool Re, the UK terrorism reinsurance provider, completed its third catastrophe bond placement—Baltic PCC Limited (Series 2025-1)
Florida Insurance Regulator seeks full independence from Financial Services Department
The Florida Office of Insurance Regulation (OIR) has proposed ending its placement within the state’s Department of Financial Services
EC approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine
The European Commission approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine. Poland backs the scheme, which supports insurance
Willis and The Nature Conservancy structured a $2.5 mn wildfire insurance in California
Willis and The Nature Conservancy structured a $2.5bn wildfire insurance policy in California, incorporating risk reduction efforts
CC Capital completed a $250mn investment in Canadian Westaim
CC Capital has completed a $250mn investment in Westaim Corp., a Canadian company that will operate as an insurance and asset management platform
FMA files civil case against IAG New Zealand over $19.3 mn in overcharges affecting 269,000 customers
The Financial Markets Authority (FMA) has filed civil proceedings against IAG New Zealand in the High Court in Auckland for breaching fair dealing provisions under the Financial Markets Conduct Act
Swiss Re joins GAM to co-manage $3bn Cat Bond and ILS Funds
Swiss Re will begin co-managing GAM Investments’ $3bn insurance-linked securities (ILS) funds, including the GAM Star Cat Bond UCITS Fund
MS&AD Insurance will sell 15.1% stake in Challenger to TAL Dai-ichi Life Australia
MS&AD Insurance Group Holdings will sell its 15.1% stake in Challenger Ltd. to TAL Dai-ichi Life Australia, a subsidiary of Dai-ichi Life Holdings
Insurtech Kita secured £22.5 mn in underwriting capacity to cover carbon credit risks
Lloyd’s coverholder Kita has secured £22.5mn in underwriting capacity for 2025 to cover carbon credit risks globally. The increase signals growing recognition of insurance
How US tariffs could affect the insurance sector? J.P. Morgan forcast
J.P. Morgan recently examined how US tariffs could affect the insurance sector. The analysis shows that personal lines insurers, such as those offering auto and home insurance
Equitable Holdings to acquire 17.9% additional stake in AllianceBernstein for $761 mn
Equitable Holdings announced preliminary results of its cash tender offer to acquire up to 46 mn units of AllianceBernstein Holding L.P. at $38.50 per unit
Insurtech hyperexponential launched hx AI, a set of AI-powered tools
Insurtech hyperexponential (hx) has launched hx AI, a set of AI-powered tools aimed at improving pricing, actuarial, and underwriting processes
Insurtech Peak3 drives insurance customer engagement with new model
Insurtech Peak3 introduces a new model that increases customer interaction through its accumulator insurance propositions
Illinois court upholds stay in Boy Scouts of America abuse insurance coverage dispute
An Illinois appellate court upheld the decision to pause National Surety Corp.’s lawsuit, which claimed it held no duty to cover sexual abuse allegations against the Boy Scouts of America
Willis expanded CyXS Plus and CyXS Co cyber facility
Willis expanded its CyXS cyber facility, now offering $115mn of capacity through Lloyd’s syndicates and up to $40mn from insurers outside Lloyd’s
United HealthCare settles $3.5mn lawsuit over unsolicited AI robocalls
United HealthCare Services agreed to a $3.5mn settlement in a class-action lawsuit over claims it used artificial and prerecorded voices
American Coastal Insurance finalized the sale of Interboro Insurance
American Coastal Insurance Corp. has finalized the sale of Interboro Insurance Co., a New York-based personal lines carrier, to Forza Insurance Holdings, LLC
Louisiana considers $10,000 penalty for age-based auto insurance rate increases
Louisiana lawmakers are reviewing House Bill 258, which adds a financial penalty for insurers that raise auto insurance rates solely because a policyholder turns 65
US insurance sector outlook for 2025-2026: capital strength, social inflation risks, P&C returns peak, Florida reforms, life insurance resilience and alt capital trends
Teen drivers face crash rates nearly 4x higher than adults. Safer vehicle choices and smart insurance decisions can lower risk and costs for families
AM Best keeps a stable outlook for commercial lines, citing strong results, rising investment income and tech-driven underwriting amid stress in liability and auto
Many drivers carry little or no insurance. Uninsured motorist coverage protects you financially when they cause a crash