Howden Re expands cyber reinsurance team
Howden Re added five cyber reinsurance specialists to expand US coverage, actuarial analytics, broking, account management, and exposure modelling
News
Francis Scott Key Bridge in Baltimore loss hits $2.8 bn marine insurance market
The Baltimore Bridge settlement lifts the Dali loss above $2.8 bn, creating the largest single marine insured loss on record
Heart Foundation and life insurer TAL target heart myths in young Australians
Heart Foundation and TAL are tackling heart health myths among younger Australians, urging prevention before risks build into later-life disease
NAIC private rating review may pressure US insurers
Fitch says NAIC scrutiny of private letter ratings could raise capital pressure for US insurers with heavier exposure to complex private assets
Fitch puts Prudential ratings on negative watch after Japan sales misconduct
Fitch placed Prudential ratings on Rating Watch Negative after Japan sales misconduct led to a 270-day suspension and earnings pressure
MS Amlin launches property treaty consortium with $67.5 mn per-risk capacity
MS Amlin launched a Lloyd’s property treaty consortium, lifting per-risk capacity from $50 mn to $67.5 mn for property lines
The Australian Securities and Investments Commission warns finance sector over AI cyber risks
ASIC urged Australian financial firms to strengthen cyber controls as frontier AI tools such as Mythos raise new vulnerability risks
Lloyd’s weighs disclosure on former CEO John Neal probe
Lloyd’s is considering how much to disclose from a Freshfields probe into former CEO John Neal, his conduct, and governance concerns
Illinois settles Vee Pak no-poach case for $625,000
Illinois AG Kwame Raoul reached a $625,000 settlement with Vee Pak over no-poach claims affecting temporary workers.
Michigan Supreme Court backs Progressive policy rescission
Michigan Supreme Court ruled Progressive properly rescinded a policy after a driver misstated garaging and household details
Ransomware attacks rise 45% as ransom payments fall
Cowbell’s 2026 claims report shows ransomware attacks rose 45%, while average ransom payments dropped 44% as insureds improved response planning
Insurtech Laka buys VeloLife assets to expand UK bike insurance
Laka acquired VeloLife assets to expand its UK bike dealer channel and advance its M&A strategy after a £14.1 mn Series B
Artificial intelligence plans outpace workforce investment, Aon says
Aon’s Human Capital Trends Study says employers expect AI to reshape skills, but most have not reskilled workers at the same pace
McGill expands aviation war insurance cover for grounded spares
McGill and Partners launched aviation war coverage for spare engines and equipment kept on the ground, closing a gap in traditional hull war policies
New Jersey court limits PIP medical cost evidence in auto injury cases
New Jersey Supreme Court ruled future medical costs covered by PIP cannot be presented to juries in auto injury cases
NAIC names Jeffrey Johnston permanent CEO
NAIC appointed Jeffrey C. Johnston as permanent CEO from June 1, 2026, after his interim leadership of the US insurance regulator group
K2 Insurance buys Oculus Underwriters for Vikco
K2 Insurance Services acquired Oculus Underwriters, adding specialist small commercial property underwriting scale to Vikco Insurance Services
Federal trade court rejects Trump’s 10% import tariff
A federal trade court ruled Trump’s 10% tariff illegal, creating new uncertainty for insurers tracking claims costs and imported materials
Insurtech Kin Insurance completes $335 mn catastrophe bond deal
Kin Insurance completed its largest catastrophe bond transaction, securing $335 mn through Hestia Re to support homeowners in storm-exposed markets
Ohio House Bill 838 targets insurance coverage for gender-affirming surgery
Ohio House Bill 838 would bar public employer health plans and Medicaid from covering gender-reassignment surgery
Florida sets new e-signature rules for auto salvage insurance claims
Florida insurers face new identity verification rules for electronic signatures tied to salvage titles and certificates of destruction from July 2026
Global reinsurance capital reaches record $648 bn in 2025
Global reinsurers posted record 2025 profits and capital growth, with dedicated capital rising 11% to $648 bn, according to Gallagher Re
Minnesota’s new law bars denial of police damage home insurance claims
Minnesota’s new law requires homeowners insurers to cover damage from police tear gas, smoke, and flash-bangs when owners were innocent parties
US Treasury meets insurance regulators on private credit
Treasury Secretary Scott Bessent met state insurance regulators and the NAIC to discuss private credit, offshore reserves, and life insurer oversight
Slide Insurance director sells $1.05 mn in shares of the insurer’s common stock
Slide Insurance director Robert Gries Jr. sold 56,424 shares under a 10b5-1 plan, while the insurer posts strong Q1 earnings and enters California
California insurers seek home insurance rate hikes under wildfire risk model
Travelers and the Auto Club exchange seek California home insurance rate changes under the state’s 2025 wildfire risk model
California seeks penalties from State Farm over LA wildfire insurance claims
California says State Farm violated claims-handling laws after the 2025 Los Angeles wildfires, with penalties expected in the $ mn range
Sen. Bernie Sanders claim on health insurance coverage losses rated mostly false
PolitiFact says Bernie Sanders overstated the effect of Trump’s 2025 tax and spending law on health coverage losses
Americans may overpay $150 bn a year for home insurance
Vanderbilt Policy Accelerator says US households and businesses overpay $150 bn a year for insurance and proposes federal loss-ratio rules
Hurricane season may still test the US power grid – 13 named Atlantic storms this season
Forecasters expect 13 named Atlantic storms, but grid damage depends on local infrastructure, access, and repair capacity, not storm count alone
Space startup Lunar Outpost raised $30 mn for NASA moon rover
Lunar Outpost raised $30mn to speed development of Pegasus, a smaller rover aimed at NASA Artemis moon missions by 2027
AI startup Pit raises $16 mn seed round led by Andreessen Horowitz
Pit raised $16 mn in seed funding led by Andreessen Horowitz to build custom AI software for enterprise workflows across major sectors
Belgian startup Tekst raises €11.5 mn Series A for enterprise AI workflows
Belgian AI startup Tekst raised €11.5 mn in Series A funding led by Elephant to expand process automation, product development, and global sales
CodeWords raises €7.6 mn in Seed funding to expand AI agent platform Cody
London AI agent platform CodeWords raised €7.6 mn in Seed funding to hire engineers, grow sales teams, and expand Cody for business automation
Spirit Airlines shuts down after 34 years as fuel costs and debt overwhelm carrier
Spirit Airlines ceased operations after rising fuel prices, failed merger attempts, and bankruptcy pressure pushed the budget carrier into liquidation
Specialty insurance rates in 2026 soften faster than expected, WTW’s SIMS survey shows
WTW’s SIMS survey shows specialty insurance rates fell sharply in 2025 and early 2026, with property, energy, marine, and liability lines diverging
El Niño raises hurricane risk for Hawaii and California
AccuWeather expects an above-average 2026 Pacific hurricane season as warm ocean waters and El Niño conditions increase storm risks
Insurtech Root posts record Q1 net income of $35.9 mn as AI automation expands
Insurtech Root Insurance reported record quarterly profit as the insurtech expanded AI-driven underwriting, claims automation, and distribution partnerships
New York $268 bn budget plan includes auto insurance reforms and consumer protections
New York’s proposed $268 bn budget includes auto insurance reforms, consumer protections, tax measures, and dispute over whether lawmakers reached final agreement
US prosecutors charge 30 in insider trading scheme
Federal prosecutors charged 30 people in a decade-long insider trading scheme tied to stolen merger information from major law firms
NextLadder Ventures launches $1 bn AI mobility initiative
NextLadder Ventures will deploy $1 bn into AI-powered navigation tools focused on financial health, careers, benefits access, and economic mobility
XBOW raises new Series C funding for AI cybersecurity platform
XBOW secured additional Series C funding to expand its autonomous offensive security platform for enterprise cybersecurity teams
Peter Thiel’s Founders Fund raises $6 bn for late-stage tech bets
Peter Thiel’s Founders Fund secured $6 bn for a new late-stage investment fund targeting AI, defense, fintech, and large private tech firms
Stablecoins and tokenization push crypto beyond speculation, Andreessen Horowitz says
Stablecoins, tokenized assets, and onchain finance continue expanding as crypto infrastructure moves deeper into payments and capital markets
Andreessen Horowitz launches $2.2 bn crypto fund
Andreessen Horowitz unveiled a $2.2 bn crypto fund focused on blockchain infrastructure, stablecoins, tokenization, and decentralized finance
Spring Labs raises $5 mn for AI compliance platform led by BankTech Ventures
Spring Labs secured $5 mn to expand its AI-driven compliance workflow platform for banks, sponsor banks, and fintech companies
Haun Ventures raises $1 bn for crypto and AI startups
Haun Ventures secured $1 bn across two new funds targeting crypto infrastructure, tokenisation, and AI-driven financial systems
DeepInfra raises $107 mn in Series B funding to expand AI inference cloud
DeepInfra secured $107 mn in Series B funding to scale its AI inference infrastructure and expand global compute capacity
Insurtech Reserv raises $125 mn in Series C to expand AI-native insurance claims platform
Insurtech Reserv secured $125 mn in Series C funding led by KKR to scale AI-driven claims processing across the P&C insurance industry
LakeFusion raises $7.5 mn for AI-ready data management
LakeFusion secured $7.5 mn in Seed funding to expand its Databricks-native MDM platform for AI-ready enterprise data infrastructure
JuliaHub raises $65 mn in Series B funding to scale Dyad AI engineering platform
JuliaHub secured $65 mn in Series B funding to expand Dyad, its AI platform for industrial system modeling and digital engineering
Iterative Health raises $77 mn in Series C funding to expand AI-driven trial network
Iterative Health secured $77 mn in Series C funding to scale its AI-powered clinical research network across new therapeutic areas and regions
Squads raises $18 mn for Solana-based stablecoin treasury platform
Squads secured $18mn led by Solana Ventures to expand Altitude, its stablecoin-based financial operating system for global businesses
Rogo raises $160 mn to expand AI platform for finance
Rogo secured $160 mn in Series D funding to scale its AI platform, expand globally, and deepen partnerships with major financial institutions
Point2 Technology extends Series B to $76 mn for AI data center interconnects
Point2 Technology expanded its Series B to $76 mn to speed deployment of RF-based interconnects for AI data center infrastructure
AcuityMD raises $80 mn in Series C to expand AI platform for MedTech
AcuityMD secured $80 mn in Series C funding to expand AcuityAI, deepen its MedTech data model, and scale across the medical device sector
Coral raises $12.5 mn to automate healthcare admin work
Coral raised $12.5mn from Lightspeed and Z47 to automate healthcare back-office workflows across fax, EHR, payer portals, and patient intake.
Artemis launches with $70 mn to rebuild SIEM around AI-native cyber threat detection
Cybersecurity startup Artemis has emerged from stealth with $70 mn in funding to challenge the traditional security information and event management market through an AI-driven security operations platform
PZU is acquiring MetLife Ukraine, the leading life insurer in the Ukrainian market
Polish PZU will acquire 100% of MetLife Ukraine, strengthening its life insurance position in Eastern Europe while MetLife continues normal operations until completion
Iowa lawsuit targets premium-financed life insurance strategy
An Iowa widow has filed suit over a complex life insurance structure that, she claims, turned a debt-free farm into a leveraged risk
Flood insurance coverage worth $1.3 tn sits on the edge of expiring, marked as the deadline. Congress hasn’t agreed on an extension
Discover how motor vehicle tort cases added $42.8 bn in excess litigation costs in 2014–2024. Triple-I highlights rising case volumes and the impact on insurance costs
Dynamic trends are influencing the size and complexity of claims around the world. Proactive claims management can help organizations recover swiftly after a loss event and manage potential claims exposures.
Geoeconomic fragmentation makes managing global risks like climate, cyber, and pandemic risks more difficult for insurance and reinsurance sectors