Missouri Senate passed a bill allowing the Missouri Farm Bureau to sell health insurance plans
The Missouri Senate has passed a bill allowing the Missouri Farm Bureau to sell health benefit plans that bypass federal consumer protection rules
News
California approves major FAIR Plan expansion to help access insurance coverage
Insurance Commissioner Ricardo Lara announced the approval of the California FAIR Plan Association’s commercial filing to increase commercial property coverage limits
U.S. insurers face losses between $1 bn and $3 bn from a severe weather outbreak in March
Insurers face losses between $1 bn and $3 bn from a severe weather outbreak in mid-March, according to Gallagher Re
SMBC ends Irish court battle over stranded aircraft in Russia, nears final insurer settlements
SMBC Aviation Capital has dropped litigation in an Irish court against some insurers over aircraft stranded in Russia. The company said it reached confidential commercial settlements
Lawmakers are reviewing a bill to establish the Minnesota Lifeline Insurance Program
Lawmakers in Minnesota are reviewing a bill to establish the Minnesota Lifeline Insurance Program, aimed at offering low-cost auto insurance to eligible low-income drivers
EIOPA launched a public consultation focused on AI governance in insurance
The European Insurance and Occupational Pensions Authority launched a public consultation focused on AI governance and risk management
Federal budget cuts may increase Medicaid margin pressure for U.S. health insurers
The recent budget resolution passed by House Republicans may increase margin pressure for U.S. health insurers operating in Medicaid
U.S. life insurers use reinsurance to improve capital efficiency
U.S. life insurers have recently transferred long-term care (LTC) insurance reserves to reinsurers to lower risk and reduce exposure
Higher bond yields from defence spending support European insurers
Higher government bond yields driven by increased defence spending benefit most European insurers, according to Fitch Ratings
AI model DeepSeek may improve efficiency for China’s insurers but adds risk
Chinese insurers have begun using the AI model DeepSeek in their operations. According to AM Best, the model could improve efficiency
Life insurance sector changed significantly in the 5Y since COVID-19 – Moody’s
Moody’s reports that the life insurance sector has changed significantly in the five years since COVID-19. The pandemic reshaped several industries, including insurance
Hannover Re reported a strong performance in 2024: net income rises to EUR 2.3 bn
Hannover Re reported a strong financial performance in 2024, increasing its Group net income and proposing a 25% higher total dividend
Insurtech Lemonade surpassed $1 bn in In Force Premium in 2025
Lemonade, an AI-driven insurtech unicorn, has surpassed $1 bn in In Force Premium (IFP), reaching this milestone 8.5 years after selling its first policy
North Carolina proposes bills to allocate State retirement funds to crypto and bitcoin
North Carolina lawmakers have proposed twin bills in the House and Senate to allocate up to 5% of state retirement funds to crypto assets
Federal Deposit Insurance Corp updates guidance on banks engaging in crypto
Federal Deposit Insurance Corporation issued new guidance for banks under its supervision that are involved or planning to be involved in crypto
Kin Interinsurance Network secures $300 mn Florida reinsurance via Hestia Re
Kin Interinsurance Network, managed by digital home insurtech Kin, has closed a $300mn catastrophe bond deal through Hestia Re
Emerald acquired Insurtech Insights, a B2B company focused on the insurance technology sector
Emerald Holding has acquired Insurtech Insights, a London-based company focused on the insurance technology sector
Insurtech Peak3 accelerates expansion in the UK & Europe after $35 mn Series A
Insurtech Peak3 is pushing forward with its expansion in the UK and Europe after raising $35 mn in a Series A funding round
Insurtech Kennedys IQ launches neuro-symbolic AI solution for insurance market
Insurtech Kennedys IQ, the technology division of Kennedys Law, launched Kennedys IQ SmartRisk, the first fully explainable neuro-symbolic AI risk analysis solution
Hannover Re secured $20 mn cloud outage cat bond with Parametrix support
Hannover Re, an Europe’s top reinsurers, has secured $20 mn of retrocessional protection for losses from sustained cloud outages
Mitsui Sumitomo Insurance acquires 15% of W. R. Berkley
Mitsui Sumitomo Insurance (MSI), a Japanese property and casualty insurer, has agreed to acquire 15% of the outstanding common stock of W. R. Berkley
Sompo Insurance grows European presence in Belgium and the Netherlands
Sompo Insurance, a Tokyo-based insurance group, has expanded its operations in Continental Europe by securing regulatory approval to provide primary insurance
Cinven nears completion of €3.5 bn Viridium Group sale to Allianz consortium
Cinven is finalizing the sale of Viridium Group, Germany’s largest life insurance administrator, to a consortium led by Allianz for €3.5bn
Germany’s BaFin targets 30 to 40 insurers with high alternative asset exposure
Germany’s Federal Financial Supervisory Authority (BaFin) is scrutinizing 30 to 40 insurance companies with significant alternative asset holdings
The next phase of Lloyd’s Blueprint Two will be delayed beyond 2025
The next phase of Blueprint Two, an electronic platform developed by Lloyd’s and Velonetic, will be delayed beyond 2025
Lloyd’s underwriter Chaucer announced “Smart” consortium
Lloyd’s underwriter Chaucer Group announced an international direct and facultative property “Smart” consortium using InsurX’s exchange technology
China Life Insurance more than doubled profit to $14.74 bn
China Life Insurance more than doubled its 2024 profit due to rapid asset growth and a reversal in investment income from a previous loss
Utah Insurance Commissioner seeks rehabilitation for A-Cap affiliates amid insolvency allegations
Utah Insurance Commissioner Jon Pike has petitioned the court to place Sentinel Security Life Insurance, Haymarket Insurance, Jazz Reinsurance under rehabilitation
NAIC Life Actuarial Task Force drafts new rules for offshore reinsurance accuracy
NAIC Life Actuarial Task Force is developing new rules to assess the accuracy of offshore reinsurance agreements
Lloyd’s Syndicate 1699 increased loss to £950 mn after exiting D&O business
Lloyd’s Syndicate 1699 reported a larger loss in 2024 after exiting directors and officers (D&O) and transactional liability business due to market softening
NAIC pushes to eliminate Federal Insurance Office and preserve ACA subsidies
The National Association of Insurance Commissioners (NAIC) has outlined its federal priorities for 2025, advocating for the elimination of the FIO
Swiss Re plans to sell shares of Definity Financial for C$655 mn
Swiss Re plans to sell 11.7 mn common shares of Definity Financial Corp., a Canadian property/casualty group, for C$655 mn
Digital Banking & Fintech Forum 2025: The Main Event of the Year in Financial Technology
The financial sector is rapidly evolving under the influence of technology, making banking and financial services faster, more accessible, and more secure
Air Lease secures $328.5 mn insurance settlement over aircraft stranded in Russia
Air Lease Corp. (ALC) secured a partial insurance settlement of $328.5 mn over aircraft stranded in Russia. The proceeds, received as cash, will be recorded as an insurance recovery
Severe weather cost Canadian insurers C$1.7 bn, total insured damage exceeded C$8.5bn
Severe weather events cost Canadian commercial carriers over C$1.7bn ($1.19bn) in 2024, according to Catastrophe Indices and Quantification
Allianz, BlackRock, T&D lead €3.5bn acquisition of Viridium, life insurance consolidator
A consortium led by Allianz SE, BlackRock, and Japan’s T&D Holdings will acquire Viridium Group, a German life insurance consolidator, for €3.5bn
PERILS released 3rd insurance industry loss estimate for the Central Europe and Italy floods
PERILS, a Zurich-based organization providing catastrophe insurance data, released its third industry loss estimate for the Central Europe and Italy floods
Lloyd’s reported a 6.5% increase in premiums written, raising to £55.5bn
Lloyd’s of London announces its full year 2024 financial result. 2024 saw the continuation of positive returns, with profit before tax of £9.6bn
U.S. medical liability insurer Doctors Co. acquires ProAssurance for $1.3 bn
The Doctors Co., the largest physician-owned medical liability insurer in the U.S., will acquire ProAssurance Corp. for $1.3 bn
IK Partners acquires stake in Seventeen Group to expand UK insurance presence
Private equity firm IK Partners announced that one of its funds will acquire a minority stake in Seventeen Group, a London-based company
Insurance Europe criticizes EU Sustainability Risk Rules for duplication & cost
The European Insurance and Occupational Pensions Authority’s proposed sustainability risk rules would duplicate existing regulations and increase costs
Vienna Insurance Group posts higher 2024 profit despite €617 mn flood loss
Vienna Insurance Group boosted its 2024 profit despite taking a €617 mn hit from flooding caused by storm Boris in Central and Eastern Europe
U.S. Senate moves to extend National Flood Insurance Program through 2026
A new Senate bill seeks to extend the National Flood Insurance Program (NFIP) through December 2026, aiming to end a decade of frequent short-term extensions
New York attorney general sues Allstate over National General’s cybersecurity failures
Allstate Corp. is being sued by the New York attorney general, who claims its subsidiary, National General Holdings Corp., failed to protect consumer data
25% of insurers have fully adopted digitalization across value chain
Only 25% of insurers surveyed have fully adopted digitalization across their value chain, while 10% have made minimal use of digital technologies
Fairfax Financial appointed Amy Sherk as CFO, replacing Jennifer Allen
Fairfax Financial Holdings Ltd. has appointed Amy Sherk as chief financial officer, replacing Jennifer Allen
Swiss Re published its Annual Report and Sustainability Report
Swiss Re published its Annual Report 2024, Sustainability Report 2024 and the invitation for the upcoming Annual General Meeting of shareholders
Insurtech Norm Ai, a compliance AI platform, secured $48 mn in new funding
Insurtech Norm Ai, a compliance AI platform, secured $48 mn in new funding, reflecting strong investor confidence in its technology
EU Insurance markets could benefit from public-private reinsurance for climate risks
EU insurance markets could gain from a proposed public-private reinsurance scheme for climate-related losses
Allianz extends Worldwide Olympic & Paralympic Partnership through 2030-2032
Allianz will continue as the worldwide insurance partner of the Olympic and Paralympic Winter Games French Alps 2030 and the Olympic and Paralympic Games Brisbane 2032
Allianz to sell 26% stake in Bajaj Insurance Joint Ventures for €2.6 bn
Allianz SE entered into binding share purchase agreements with Bajaj Finserv to sell its 26% stake in its successful non-life and life insurance joint ventures – Bajaj Allianz General Insurance
Property catastrophe reinsurance pricing to stabilize at US-focused renewal rounds
After a mixed pricing environment at the January 1, 2025, reinsurance renewals, Moody’s analysts expect property catastrophe reinsurance pricing to stabilize
Flood Re secured £140 mn in retrocession reinsurance coverage with catastrophe bond
Flood Re has secured £140 mn in retrocession reinsurance coverage with its first catastrophe bond, Vision 2039 – Series 2025-1
Insurity formed a partnership with insurtech InsCipher
Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, has formed a partnership with InsCipher
Insurtech Lemonade leverages ZestyAI’s advanced risk insights to strengthen coverage
ZestyAI announced today that Lemonade, the digital insurance company powered by AI and social impact, has adopted the ZestyAI platform to further optimize underwriting
Insurtech ZestyAI partnered with the Colorado FAIR Plan
Insurtech ZestyAI, an AI-driven climate and property risk analytics provider, has partnered with the Colorado FAIR Plan to improve insurance access for homeowners
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
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)
67% of US independent insurance agents use AI, while trust and innovation drive carrier partnerships and satisfaction diverges across P&C insurance lines
Explore enterprise AI adoption, investment returns, agentic AI governance and workforce readiness, including the gap between pilot projects and production
Artificial intelligence is reshaping workforce management, changing the skills employers require and creating new responsibilities for human resources teams
Q2 2026 Global InsurTech funding reached $2.44 bn, 99.1% directed to AI-focused firms, as data center expansion creates new insurance risks