Insurtech Orion180 expands residential private flood insurance to 10 states
Insurtech Orion180 has introduced residential private flood insurance in 10 states, with plans for further expansion in 2025. The Florida-based insurer aims
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U.S. Senate proposes bipartisan flood insurance tax credit bill
A new bipartisan bill in the U.S. Senate aims to support low- and middle-income homeowners facing rising flood insurance premiums. The Flood Insurance Affordability Tax Credit Act
Cathay Life to acquire 50% stake in Offshore Wind Farm near Taiwan
Cathay Life Insurance Co. along with its subsidiary Cathay Wind Power Holdings Co.will purchase a 50% stake in the Greater Changhua 4 Offshore Wind Farm
Nippon Life to acquire 100% of Resolution Life in $8.2 bn deal
Nippon Life Insurance Co. will acquire full ownership of Resolution Life for $8.2 bn. The payment will secure Nippon Life the remaining shares from Resolution Life
North Dakota Insurance Reserve Fund closed 71.5% of claims without paymen
The North Dakota Insurance Reserve Fund (NDIRF) closed 71.5% of third-party claims without payment, according to a market conduct report
AIG sells Corebridge shares to Nippon Life for $3.8 bn
American International Group Inc. (AIG) finalized the sale of 120 mn shares of Corebridge Financial common stock to Nippon Life Insurance Co
Insurtech Duck Creek Technologies expanded senior global leadership team
Duck Creek Technologies, a insurtech provider of software for property and casualty (P&C) and general insurance, has expanded its senior global leadership team
MetLife and General Atlantic will establish Chariot Re, a Bermuda-based Class E life reinsurer
MetLife and General Atlantic will establish Chariot Reinsurance, a Bermuda-based Class E life and annuity reinsurance firm, set to launch in 2025
Property catastrophe reinsurance rates at 1/1 2025 will be flat or decline by up to 10%
TD Cowen analysts predict property catastrophe reinsurance rates at January 1 will be flat or decline by up to 10%. This outlook follows discussions
Insurtech Kita launched Active Risk Monitoring services for the carbon markets
Carbon insurtech Kita has launched its full-spectrum Active Risk Monitoring services for the carbon markets. Since March 2024, these services were available
77% of UK SMEs prioritise employee benefits to address workforce challenges
77% of UK small and medium-sized enterprises (SMEs) plan to enhance their employee benefits. These changes aim to attract and retain talent, address workforce issues
US nonstandard auto insurance segment posted a slight profit in 2024
The US nonstandard auto insurance segment posted a slight profit in H1 2024, marking a turnaround after two years of losses
AIG launches new reinsurance Syndicate 2478 at Lloyd’s
AIG has announced the launch of a new reinsurance syndicate at Lloyd’s, set to participate in the firm’s multi-year outwards reinsurance program
Businesses in the Asia Pacific region face mounting challenges from economic pressures and climate risks
Businesses in the Asia Pacific (APAC) region face mounting challenges from economic pressures and rising climate risks, according to a survey by the World Economic Forum,
Allianz Group withdrawn its offer to acquire a majority stake in Income Insurance
Allianz Group has withdrawn its pre-conditional cash offer to acquire a majority stake in Income Insurance Limited. The move follows changes to Singapore’s Insurance Act
Tesla’s insurance business posted mixed results for 2024
Tesla General Insurance reported $35.7 mn in written premiums, a 94% year-over-year increase. The carrier reported a year-to-date net underwriting loss of $5.6 mn
Insurers adopt facultative reinsurance as a strategic tool amid changing market conditions – WTW
Facultative reinsurance has become a critical part of insurers’ risk management strategies, though access to capacity remains a challenge due to cyclical market forces
Insurtech Zopper sequred $25 mn in Series D funding led by Elevation Capital
Indian insurtech Zopper sequred $25 mn in Series D funding. Elevation Capital and Dharana Capital led the round, with support from existing investor Blume Ventures,
Phyn and Nationwide partnered to offer leak detection solutions for homeowners
Phyn, an intelligent water solutions company, announced a partnership with Nationwide, a leader in insurance and financial services, to offer leak detection solutions
Embedded insurtech Embri expands bikes insurance and high-end tech
Embedded insurance platform Embri has expanded its coverage options to include bicycles and high-end technology. These additions build on its existing protection
Nevada Division of Insurance introduced new regulations on annuity suitability
The Nevada Division of Insurance (DOI) has introduced new regulations on annuity suitability and best interest standards
Swiss insurtech Poncho secures $617K seed funding
Poncho, a Swiss insurtech startup focused on weather-based refunds for outdoor experiences, has raised $617,000 in seed funding
Swiss Re set 2025 targets, aiming for a Group net income exceeding $4.4 bn
Swiss Re has set its 2025 targets, aiming for a Group net income exceeding $4.4 bn. The Group also plans to raise its ordinary dividend per share by at least 7%
MGA Optio Group acquired of Den Hartigh Beheer & Exploitatie B.V.
The UK-based managing general agent (MGA) Optio Group has finalized its acquisition of Den Hartigh Beheer & Exploitatie B.V.
Oklahoma Commissioner issued regulatory guidance for insurers using AI
Oklahoma Insurance Commissioner Glen Mulready issued a bulletin outlining regulatory guidance for insurers using artificial intelligence
Tron achieved deflationary status: what does it mean for investors
Tron (TNX) has achieved an important milestone this year. The ninth biggest cryptocurrency in the world has gotten deflationary status
Rokstone Parametric provides $10 mn global insurance facility to cover earthquakes & hurricanes
Rokstone Parametric will initially provide a $10 mn global facility to cover earthquakes, hurricanes, tropical cyclones, and typhoons
California Insurance Commissioner seeks approval for new Wildfire Models
California Insurance Commissioner Ricardo Lara submitted finalized regulations to allow insurers to use forward-looking wildfire catastrophe models
FCA will update rules to boost transparency in investigation processes
The UK Financial Conduct Authority (FCA) has proposed updated rules to boost transparency in its enforcement and investigation processes
Assicurazioni Generali to sell stake in Generali Life Assurance Philippines
Assicurazioni Generali S.p.A. announced an agreement to sell its entire stake in Generali Life Assurance Philippines Inc. to The Insular Life Assurance Co
Whisp.Money introduced payment and crypto payroll platform
Whisp.Money has introduced its payment and payroll platform with a focus on faster payments, crypto integration, and fintech-driven solutions
U.S. Court rejected a homeowner’s lawsuit against Lemonade Insurance over $170K crypto scam
U.S. appeals court rejected a homeowner’s lawsuit against his insurer over a $170,000 crypto scam loss. The three-judge panel ruled there was no error
Scaling the insurance industry with blockchain & DeFi: Insights from Nayms
The insurance industry has long struggled with issues of transparency, access, and operational efficiency. Blockchain technology offers potential solutions
Allianz acquires 24% of MicroStrategy’s $600 mn notes
Allianz, Germany’s largest insurer, has purchased 24.75% of MicroStrategy’s $600 mn convertible note offering. The deal was finalized in March 2024
CVS Health plans to cut 800 jobs, following the layoff of 2,900 employees
CVS Health Corp. plans to cut nearly 800 jobs, following the layoff of about 2,900 employees earlier this year
Zurich Insurance completed $600 mn acquisition of AIG’s personal travel business
Zurich Insurance Group has completed its $600 mn cash purchase of American International Group’s personal travel business. This move strengthens Zurich’s position
Aviva finalized a £1.7 bn pensioner buy-in with National Grid Electricity
Aviva has finalized a £1.7 bn pensioner buy-in with the National Grid Electricity Group of the Electricity Supply Pension Scheme
Hanwha Life Insurance acquires the parent company of Velocity Clearing
Hanwha Life Insurance plans to acquire a 75% stake in the parent company of Velocity Clearing. This move provides the South Korean life insurer with a foothold in the U.S.
Insurance fraud ringleader, William Oldham Mize, sentenced to 12Y in Federal Prison
A former fugitive, who led a large-scale insurance fraud scheme, received a 144-month prison sentence and was ordered to pay over $7.09 mn in restitution to insurance carriers and the IRS
Aviva acquires U.K. P&C insurer Direct Line Insurance for £3.51 bn
Aviva has reached a preliminary deal to acquire U.K. property and casualty insurer Direct Line Insurance Group plc for £3.51 bn.
U.S. insurance industry adds 5,100 Jobs – U.S. Labor Department’s BLS
The U.S. insurance industry added 5,100 jobs in November compared to October, according to preliminary data from the U.S. Labor Department’s Bureau of Labor Statistics
Gallagher will acquire AssuredPartners Inc. for $13.45 bn
Arthur J. Gallagher & Co. (AJG) will acquire AssuredPartners Inc. for $13.45 bn. The deal strengthens AJG’s presence in the U.S. middle market and leverages AssuredPartners’ active mergers and acquisitions
K2 International opens Lloyd’s of London Box, showcasing key underwriting divisions
K2 Group Holdings Limited (K2 International), a division of K2 Insurance Services, has officially opened its box at Lloyd’s of London. The move strengthens its presence
Maryland laid out regulations and new requirements for pet insurance companies
The Maryland Insurance Administration has issued regulations for pet insurance companies, outlining new disclosure and notification requirements
Insurtech ISUR launches SaaS Insurance Solutions Platform
Insurtech ISUR has launched its advanced SaaS Insurance Solutions platform, promising to reshape the way insurers manage their operations
Lamarr:AI secured $1.1 mn in pre-seed funding led by Hazelview Ventures
Lamarr:AI, a startup founded through research collaboration at MIT, Georgia Tech, and Syracuse University, has secured $1.1 mn in pre-seed funding
Rival Insurance Technology achieves CSIO eDocs Certification, enhancing broker efficiency
CSIO has announced that Rival Insurance Technology (Rival) has achieved eDocs Certification. This recognition confirms that Rival has successfully implemented all 40 updated eDocs codes
Rising costs and natural disasters pressure home insurance in Canada
Home insurance costs in Canada are climbing due to frequent and severe natural disasters. Rising construction expenses add to affordability challenges
Insurtech Neutrinos launched marketplace to accelerate automation in insurance
Neutrinos, a technology company specializing in intelligent automation, has introduced the Neutrinos Marketplace to accelerate automation within the insurance value chain
WEX launches GenAI benefits agent and AI analytics to support HR workloads
WEX, a global commerce platform simplifying business operations, has partnered with select employers to pilot two new AI-driven features within its benefits administration platform
Equisoft announced a new partnership with life insurtech Emma
Equisoft, a provider of insurance and wealth management solutions, announced a new partnership with Emma, a platform focused on making life insurance simple, affordable, and accessible
Insurtech CoverGo launched CoverGo Claims
Insurtech CoverGo, a global no-code AI insurance platform for health, life, and P&C, has introduced CoverGo Claims. This AI-powered platform offers a full solution for health insurers
Allianz and Uber launched a product for UK Uber drivers, developed insurtech Indeez
Allianz Partners and Uber have launched a new income protection product for UK Uber drivers, developed with insurtech Indeez
Insurtech CyberCube has expanded its partnership with HUB International
Insurtech CyberCube has expanded its partnership with HUB International, a leading insurance broker and financial services firm
Westland Insurance acquired of MSP Insurance, expanding operations in Ontario
Westland Insurance has expanded its operations in Ontario with the acquisition of MSP Insurance Corp., also known as Mitchell Sandham Pastor Insurance Brokers
Liberty Global Transaction Solutions released its annual M&A claims briefing
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has released its fifth annual M&A claims briefing. The 2024 report analyzes insurance claims
Gallagher acquired Dawson & Keenan Insurance, a retail insurance brokerage in Ontario
Arthur J. Gallagher & Co. has acquired Dawson & Keenan Insurance, a retail insurance brokerage in Sault Ste. Marie, Ontario. The financial details of the deal were not disclosed
McDougall Insurance acquired Cornell Insurance Brokers, based in Markham
McDougall Insurance Brokers Limited (McDougall Insurance) has acquired Cornell Insurance Brokers Ltd., a brokerage based in Markham
Insurers faced $51 bn in losses from hurricanes and cyclones in 2024
Insurers faced $51 bn in losses from North American hurricanes and Northwest Pacific cyclones in 2024, surpassing the 10-year average
(Re)insurance MGA Rokstone acquired a second box 398a at Lloyd’s
International specialty (re)insurance MGA Rokstone, part of the Aventum Group, has acquired a second box at Lloyd’s, six months after securing its first
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
Re/insurance industry is showing strong momentum. Fund and Insure domain as the big opportunity—potentially generating $17 tn in gross value by 2035