The UK needs over £1 bn in annual flood defence investment to address rising climate risks
The UK needs over £1 bn in annual flood defence investment to address rising climate risks, according to a study by flood risk modelling firm Fathom
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Re/insurance executives remain cautiously optimistic about 2025
Re/insurance executives remain cautiously optimistic about 2025, though expectations vary between property catastrophe and casualty lines
Canada Life completed a £361 mn full-scheme buy-in with an pension scheme
Canada Life has completed a £361 mn full-scheme buy-in with an undisclosed pension scheme, covering over 850 deferred members and about 650 pensioners
Key Features of the UK AI bill: balancing regulation & innovation in a shifting policy landscape
Momentum is building around AI regulation in the UK following the reintroduction of the UK Artificial Intelligence (Regulation) Bill (AI Bill)
Global insurance M&A fell to a 16-year low in 2024 due to high interest rates
Global insurance mergers and acquisitions (M&A) fell to a 16-year low in 2024 due to high interest rates, geopolitical risks, and stricter regulations
Bicycle insurtech Laka acquired the Luko e-scooter business in France
Laka, a specialist bicycle insurer, has acquired the Luko e-scooter business in France from Allianz Direct, marking its third acquisition
Insurtech Sixfold introduced AI Accuracy Validator to strengthen underwriter confidence
Insurtech Sixfold, the insurtech empowering underwriters with a generative AI solution for end-to-end risk analysis, introduced an AI Accuracy Validator
Insurtech ResiQuant secured $4 mn seed funding led by LDV Capital
Insurtech ResiQuant, focused on property risk assessment, has secured $4 mn in seed funding. LDV Capital led the round
Eric Andersen transitioned from his role as AON’s president to serve as a senior advisor to Greg Case
AON, a global professional services firm, announced that Eric Andersen has transitioned from his role as president to serve as a senior advisor to Greg Case
Generali results: GWP grew to €95.2 bn, operating result grew to €7.3 bn in 2024
Generali surpassed its targets under the “Lifetime Partner 24: Driving Growth” plan, achieving record operating and adjusted net results
AON introduced Employee Benefits Cell Captive facility
AON, a global professional services firm, has introduced its Employee Benefits (EB) Cell Captive facility. This solution changes how multinational companies manage risk and finance employee benefits
Denise Perlman will join the AON to lead the middle market segment practice in North America
AON, a global professional services firm, announced Denise Perlman will join the firm to lead the middle market segment practice in North America
Insurtech InsureVision secured $2.7 mn in seed funding led by Rethink Ventures
Insurtech InsureVision, a company specializing in AI-driven driving risk assessment, has secured $2.7 mn in seed funding
AI-driven insurtech Outmarket AI raised $4.7 mn in seed funding
AI-driven insurance intelligence platform Outmarket AI has raised $4.7mn in seed funding to accelerate its expansion
Ant Insurance, AI-powered brokerage, reported significant growth in health insurance claims
Ant Insurance, the online insurance brokerage of Ant Group, has reported strong growth in health insurance claims
Nirvana Insurance, an AI-driven trucking insurer, raised $80mn in a Series C
Nirvana Insurance, an AI-driven commercial trucking insurer, raised $80mn in a Series C funding round, bringing its valuation near $850mn
New Zealand life insurance sector sees steady growth amid changing market trends
New Zealand’s life insurance sector has grown between 2% and 5% year-over-year since 2015, with seasonality having less impact on new business since 2021
Florida’s legislative session introduced several bills addressing property insurance
Florida’s legislative session, which began on March 4, introduced several bills addressing property insurance
Arthur J. Gallagher acquires San Francisco-based Woodruff Sawyer for $1.2 bn
Arthur J. Gallagher & Co. (AJG) will acquire San Francisco-based Woodruff Sawyer, a commercial property/casualty broker and risk management services provider, for $1.2bn
Gov. Ron DeSantis opposes efforts to repeal Florida’s no-fault automobile insurance laws
Gov. Ron DeSantis opposes efforts to repeal Florida’s no-fault automobile insurance laws, citing concerns about higher rates and the legal industry’s influence
U.S. retail annuity insurance sales rising 12% to a record $433 bn
Retail annuity sales exceeded $100 bn in each quarter of 2024 for the first time, rising 12% to a record $432.6 bn
U.S. House Bill proposes tax-exempt grants for home hardening projects
U.S. Representative Jared Huffman (CA-02) and U.S. Representative Blake Moore (UT-01) reintroduced the Water Conservation Rebate Tax Parity Act
Insurance Council of Australia classified the aftermath of Cyclone Alfred as an insurance catastrophe
The Insurance Council of Australia (ICA) has classified the aftermath of ex-tropical Cyclone Alfred as an insurance catastrophe
MetLife expects its group benefits business to expand by 4% to 7%
MetLife expects its group benefits business to expand by 4% to 7% over the next year as employers seek to enhance their offerings for employees
FTP acquired Coastal Flood Underwriters to expand its flood insurance offerings
FTP has acquired Coastal Flood Underwriters LLC to expand its flood insurance offerings across the U.S.
Lloyd’s updated FY2024 financial performance: GWP increased by 6.5% to £55.5 bn
Lloyd’s provides a trading update for its 2024 Full Year (FY24) financial performance. The full results will be released on 20 March 2025
Optio Group acquired Norwegian-based MGA S Insurance
Optio Group (Optio), an independent specialty MGA, has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an undisclosed amount
Coalition secured a $30 mn equity investment from Mitsui Sumitomo Insurance
Coalition, a San Francisco-based cyber insurance provider focused on preventing digital risks, has secured a $30 mn equity investment from Mitsui Sumitomo Insurance
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
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
Kentucky Senate Committee unanimously backs Bill 24 to combat insurance fraud
A measure to help tackle insurance fraud in Kentucky – Senate Bill 24 – gained unanimous approval from legislators on the Senate Banking and Insurance Committee
Hawaii Supreme Court limits insurers’ subrogation rights in Maui Wildfire settlements
The Hawaii Supreme Court ruled that insurers cannot file subrogation claims against third parties involved in the Maui wildfires once those parties
UnitedHealthcare Insurance fined $3.4 mn in North Carolina for illegal balance billing
UnitedHealthcare Insurance Co. agreed to pay a $3.4mn fine to the North Carolina Department of Insurance for balance billing practices that violate state law
MNK Re launched an energy facility providing capacity of up to $50 mn for Latin America
MNK Re introduced an energy facility with a capacity of up to $50mn for small and medium-sized businesses across Latin America
Legal & General completed £370 mn buy-in with the BAL section of the TUI Group UK Pension Trust
Legal & General Assurance Society Limited completed a £370 mn buy-in with the BAL section of the TUI Group UK Pension Trust
Legal & General Group sells U.S. business to Meiji Yasuda Life Insurance for $2.3 bn
Legal & General Group plc agreed to sell its U.S. protection business to Meiji Yasuda Life Insurance Co. in a $2.3 billion deal
Suncorp Group finalized the sale of Asteron Life, its New Zealand life insurer
Suncorp Group has finalized the sale of Asteron Life, its New Zealand life insurance business, to Resolution Life NOHC for NZ$410 mn
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