Insurtech bolttech secures $100+ mn in Series C funding, reaching $2.1 bn valuation
Bolttech announced its Series C funding round, led by Dragon Fund, Liquidity, and MUFG, with participation from Baillie Gifford, Generali
News
DvSum joined Guidewire’s Insurtech Vanguards program
DvSum, a provider of data intelligence solutions, has joined Guidewire’s Insurtech Vanguards program. This initiative promotes innovation in the P&C insurance sector
PERILS releases final insured loss estimate for Australia Christmas Storms
PERILS, an independent Zurich-based organization, has released its fourth and final industry loss estimate for the Australia Christmas Storms
California court rules in favor of aviation insurers in $128 mn lawsuit
A California state court ruled in favor of aviation insurers sued for $128 mn by aircraft lessors over three planes stranded in Russia due to the Ukraine war
Dubai Aerospace Enterprise received $201 mn insurance claims for aircraft in Russia
Dubai Aerospace Enterprise (DAE) reported receiving $201 mn in settlements over the past three months for aircraft previously leased to airline carriers in Russia
Prudential finalized an $11 bn reinsurance agreement with Wilton Re
Prudential Financial has finalized an $11 bn reinsurance agreement with Wilton Re, covering a significant portion of its guaranteed universal life
MetLife appoints Nick Nadgauda as Global EVP and CIO
MetLife announced that Nick Nadgauda will join the company as Executive Vice President and Chief Information Officer
Perils revised its estimated insured losses for floods in Central Europe & Italy
PERILS has disclosed its second industry loss estimate for the floods in Central Europe and Italy to €2.08 bn
Marine P&I insurers faced increased claims in the 2024-2025
Marine protection and indemnity (P&I) mutual insurers faced increased claims in the 2024-2025 fiscal year, driven by a higher level of claims activity
American Transit Insurance sues for $450 mn in alleged fraud case
American Transit Insurance Co. (ATIC), a provider of taxi and for-hire vehicle insurance, has filed a $450 mn lawsuit, alleging extensive fraud
MS&AD Insurance increases venture capital fund to $400 mn, prioritizing InsurTech
MS&AD Insurance Group Holdings Inc. announced a $100 mn increase to its venture capital fund, bringing the total to $400 mn. The fund focuses on startups
Helios Underwriting forecasts a reduced reinsurance capacity portfolio for 2025
Helios Underwriting forecasts a reduced reinsurance capacity portfolio for 2025, citing strategic shifts after trading in 2024 auctions and acquisitions
ConnectUW will take ownership of a Lloyd’s box for reinsurance
ConnectUW Holdings, the parent company of several specialist reinsurance managing agents, will take ownership of a Lloyd’s box
Munich Re is aiming for an IFRS net profit of €6bn in 2025
Munich Re is aiming for an IFRS net profit of €6bn in 2025. Group insurance revenue is expected to reach €64bn in 2025, and return on investment
Lloyd’s underwriter Ki Financial becomes standalone Fairfax Company
Brit said it Lloyd’s trading platform Ki Financial will operate as a standalone company within the Fairfax Financial Services group beginning Jan. 1, 2025
ICEYE enhanced its Earth Observation services by launching two SAR satellites
ICEYE has enhanced its Earth Observation services by launching two new SAR satellites, boosting its disaster management solutions
California raises auto liability coverage limits in 2025
Effective Jan. 1, California auto insurance policies must meet higher liability coverage limits under a 2022 law. Liability limits for bodily injury or death are doubling
Chavanges secured seed investment to drive next-gen climate risk solutions
Chavanges Tech, a French startup dedicated to developing cutting-edge digital tools for assessing and mitigating climate and environmental risks, secured seed investment
Aon partners with MS Amlin to back Ukraine War Risk Facility
Aon, in partnership with the European Bank for Reconstruction and Development (EBRD), has introduced a facility aimed at addressing war risk insurance in Ukraine
NAIC will implement its new principles-based bond definition
The National Association of Insurance Commissioners (NAIC) will implement its new principles-based bond definition starting January
Insurtech CyberCube partnered with Penguin Tech
CyberCube, a provider of cyber risk analytics, has partnered with Penguin Tech, an integration and consulting provider, to offer improved solutions
Insurtech wefox to sell wefox Insurance to a Swiss consortium
Insurtech wefox Holding AG has finalized an agreement to sell its Liechtenstein-based insurer, wefox Insurance AG, to a Swiss consortium led by BERAG
Insurtech Zhibao Technology launches longevity risk lab in Shanghai
Zhibao Technology, an InsurTech company, unveiled the Longevity Risk Lab (LRL) in Shanghai at its inaugural Longevity Risk Conference
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
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
The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
U.S. life insurers posted modest Prism score gains, with resilient capital strength despite rising annuity volumes and investment risk pressures
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
Life insurers keep stable portfolios in 2026, but rising private credit, PLRs, FABNs, and less-liquid assets lift investment risk and regulatory scrutiny