Kin Interinsurance Network closed a $100 mn placement cat bond
Kin Insurance announced that the Kin Interinsurance Network, its reciprocal insurance carrier, successfully closed a $100 million private placement catastrophe bond
News
European life insurers raises the capital under Solvency II to cover the risk
European life insurers have had to raise the capital they must hold under Solvency II to cover the risk of a surge in lapses
Rising interest rates are eating into IMR balances for U.S. life insurers
Rising interest rates are eating into interest maintenance reserve (IMR) balances for U.S. life insurers
Zurich Insurance confirmed withdrawal from the Net-Zero Insurance Alliance
Zurich, a global insurance company, has confirmed its withdrawal from the Net-Zero Insurance Alliance (NZIA), citing a desire to focus its resources to support
Larger P&C insurers in the Florida are likely to benefit from new reforms
Larger property and casualty insurers in the Florida market are likely to benefit from recently enacted tort reforms, and it remains to be seen how those changes
Fitch Ratings deteriorates outlook for the French non-life insurance sector
Fitch Ratings’ deteriorating outlook for the French insurance non-life sector reflects expectation that credit fundamentals will worsen in the next 12 months
Austrian P&C insurers will maintain strong profitability in 2023
Austrian Property and Casualty (P&C) insurers will maintain their strong profitability with combined ratios on average below 95%
Equisoft, an SaaS-insurtech and investment software developer, raised $125 mn
Montreal-based Equisoft, an insurance and investment software developer, has raised $125 million in venture equity
Thai insurtech Roojai raised $42 mn in a Series B led by HDI International
Thailand-based insurtech Roojai has raised $42 mn in a Series B fundraising round led by HDI International, a subsidiary of the German insurance company Talanx Group
Munich Re discontinued membership in the Net-Zero Insurance Alliance
Reinsurer Munich Re has discontinued its membership in the Net-Zero Insurance Alliance (NZIA)
Jefferies’ Economics & Strategy. Less risk for the Global Financial System
Jefferies’ Economics Team believes fears of contagion spreading within the financial sector will soon fade because banks are facing a liquidity crisis
Zorro secured $11.5 mn for health benefits platform for employees, employers & brokers
Health benefits insurtech for employees Zorro launches out of stealth, along with an $11.5 million seed funding round co-led by Pitango and 10D
Sun Life Financial completed the sale of Sun Life UK to Phoenix Group
Sun Life Financial has completed the sale of SLF of Canada UK Limitedto Phoenix Group Holdings. Headquartered in London
Indonesian Insurance Market forecast to grow to $7.1 bn in 2027
Indonesian insurance market is forecast to grow at a compound annual growth rate (CAGR) of 9% from $5.3 billion in 2023 to $7.1 billion in 2027
Insurtech Koala secured $2.1 mn in a funding round led by Insurtech Gateway
Koala, a Paris-based travel insurtech startup, has raised $2.1 mn in a recent funding round led by Insurtech Gateway, an existing investor
13 InsurTech startups joining the 10th EU cohort of Lloyd’s Lab
Lloyd’s of London announced the 13 InsurTech startups joining the 10th cohort of its innovation hub, the Lloyd’s Lab, following a competitive pitch process
Louisiana’s insurers paid $23 bn
Louisiana’s insurers paid out more than $23 billion after the 2020 and 2021 hurricane seasons, driving a number of them into insolvency
European reinsurers reported lower earnings – Fitch Ratings
European reinsurers Hannover Re, Munich Re, SCOR SE and Swiss Re reported lower earnings for 2022 as high inflation
US Life Insurers have minimal capital exposure to Credit Suisse collaps
Fitch-rated U.S. life insurers have minimal exposure to Credit Suisse AG, with immaterial exposure to CS alternative tier 1 (AT1) capital
Insurance Market of Singapore reached $702 mn, up to 15%
The insurance market of Singapore has recorded a growth of 15 % combined for both offshore and domestic segments
Premium growth is up for North American P&C Re/Insurers
Premium growth is up substantially for North American P&C insurers overall, though struggles continue for two notable segments
Losses from Hurricane Ian dampened the influx of new capital from ILS investors
Losses stemming from Hurricane Ian dampened the influx of new capital from insurance-linked securities (ILS) investors
Virtual insurtech Insurify acquares of Inspop USA and Compare:com
America’s top-rated virtual insurance agent to compare, buy and manage insurance Insurify has completed the acquisition of Inspop USA and its subsidiary, Compare.com
Chubb will stop writing insurance policies for oil & gas extraction project
Insurance giant Chubb will stop writing insurance policies for oil and gas extraction projects that do not have “evidence-based” methane reduction plans
What is Lloyd’s of London exposure to Credit Suisse & Silicon Valley Bank?
Lloyd’s of London has confirmed that it has limited exposure to the banking crisis spurred by the collapse of Silicon Valley Bank and the takeover of Credit Suisse
Zurich and Ping An Insurance Group experiments with ChatGPT
The insurer Zurich is investigating applications of AI such as extracting data from claims descriptions and other documents
Munich Re combines risk assessment and e-application solution with insurtech PSG
Munich Re Life US announced a new combined risk assessment and e-application solution with insurtech Paperless Solutions Group (PSG)
Leading US life insurers experienced a drop in incomes & revenues
Most of the leading US life insurers experienced a year-over-year drop in total revenues in the fourth quarter of 2022
Lloyd’s of London financial performance: premium increased by over 19% to £46bn
Lloyd’s of London, the leading marketplace for commercial, corporate and specialty risk solutions, today provided a trading update for its 2022 financial performance
Insurtech Kin Insurance secured $109 mn in Series D funding
Home insurtech Kin has conducted a third close, an incremental $15 million, to its Series D round in the fourth quarter of 2022
Insurtech Coalition released the framework Active Cyber Risk Model
Cyber Insurtech Coalition released the Active Cyber Risk Model, a practical framework for understanding cyber risk aggregation that provides an ongoing view
Insurtech Cover Whale partnered with SaaS AI-provider Netradyne
Cover Whale Insurance Solutions, a commercial trucking insurance provider and fast-growing insurtech announced its partnership with Netradyne
Insurtech Joyn addes of Brian Duperreault to board as an independent director
Insurtech Joyn Insurance announced the addition of Brian Duperreault to its board as an independent director, adding decades of insurance industry experience
New estimate of the insured loss from Earthquake in Türkiye & Syria by PERILS
PERILS disclosed its initial industry loss estimate for the Kahramanmaras Earthquake which widespread devastation across several regions of Türkiye and Syria
Insurtech Fuse achieved more than 150 mn insurance policies
Indonesian insurtech Fuse, a ISO certified mobile technology platform, has achieved more than 150 mn insurance policies in 2022
Moody’s affirms Marsh & McLennan ratings at Baa1
Moody’s said MMC’s ratings reflect its position as the world’s largest insurance brokerage and consulting firm by revenue
Moody’s upgrades NN Insurance Group’s long-term issuer rating to A3
Moody’s Investors Service has upgraded NN Group N.V.’s (“NN”) long-term (LT) issuer rating to A3 from Baa1
Insurtech Relativity6 launches of tool Hazard Flags uses ML to detect risks in insurance
Boston-based insurtech Relativity6 has announced the launch of its latest tool, Hazard Flags. New tool uses machine learning algorithms to detect potential risks
Federal Deposit Insurance Corp purchases all deposits of Signature Bridge Bank
The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for substantially all deposits and certain loan portfolios of Signature Bridge Bank
Downsizer raises $2.5 mn seed capital to develope proptech & insurtech SaaS platform
Australian insurtech startup Downsizer has raised A$3.75 mn ($2.5 mn) seed capital to accelerate the growth of its unique SaaS platform operating at the intersections
Insurtech PetSure granted a standalone general insurance licence in Australia
Hollard-owned insurtech PetSure has been granted a standalone general insurance licence by the Australian Prudential Regulation Authority (APRA)
Eurohold launched legal action against the Romanian regulator ASF for insurer Euroins Romania
With reference to decision of the Romanian financial regulator ASF for Euroins Romania, part of Euroins Insurance Group AD – revocation of the licence for insurance activity
Typhoon Nanmadol’s insurance industry loss estimated of $1 bn
PERILS, the provider industry-wide catastrophe insurance data, disclosed its third industry loss estimate for Typhoon No. 14
Insurtech Hourly, a workers’ comp & payroll startup, expanded Series A financing to $32 mn
Insurtech Hourly expanded Series A financing from raised $27 million to $32 million led by Glilot Capital Partners through its early growth fund, Glilot+
New Zealand insurance market loss for the floods estimates up to $1 bn
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed its initial industry loss estimate for the floods
Vienna Insurance Group results for 2022: premium rises to €12.6 bn
Vienna Insurance Group (VIG) has announced its preliminary results for 2022, which includes a total premium volume of €12.6 billion
Esusu Financial and Insurtech Sure provides tenants with renter’s insurance
Insurtech Sure and Esusu Financial are collaborating to provide tenants with renter’s insurance through the Esusu Renters Marketplace.
Insurtech Cover Genius acquires embedded warranty provider, Clyde Tech
Cover Genius, the insurtech for embedded protection, has completed an asset acquisition agreement with US-based embedded warranty provider, Clyde Technologies
Insurtechs Clearcover and Cowbell held $76 mn deposits at Silicon Valley Bank
The carrier subsidiaries of two U.S. insurtech companies had substantial majorities of their liquid assets on deposit in accounts at the troubled Silicon Valley Bank
UK-based insurtech Azur Group is selling technology services business
UK-based insurtech Azur Group has agreed to sell its technology services business to its senior managers, backed by prominent angel investors
India’s Bandhan Group plans to foray into the insurance business
India’s Bandhan Group, which mainly has banking, mutual fund and microfinance operations, plans to foray into the insurance business, first through general insurance
Insurtech Assured Allies secured a $42.5 mn Series B funding round
Assured Allies, the insurtech company for evidence-based successful aging, has closed a $42.5 million Series B funding round, bringing the total capital raised to $65 million
Cyber insurtech Coalition will enter the UK excess cyber insurance market
Cyber MGA insurtech Coalition has announced it will enter the excess cyber insurance market in the UK to help protect businesses with enhanced coverage
Swiss Re, ICEYE and Guy Carpenter tests a parametric flood insurance for New York
Swiss Re Corporate Solutions, ICEYE and Guy Carpenter are participating in a parametric pilot program to protect low-income communities in New York City from flooding
MGA Nirvana launches in UK & targets media, technology & cyber liability insurance
Nirvana, a London-based managing general agent, has launched in London after acquiring leading media, tech and cyber underwriter, Nirvana Risk Partners
Estonian insurance market totaled EUR 550.90 million in terms of GWP
Estonian insurance market totaled EUR 550.90 million in terms of GWP, up by 13.26% y-o-y, according to FY2022 market figures published by the Estonian National Statistics
National Association of Insurers of Ukraine joins Insurance Europe as associate member
The National Association of Insurers of Ukraine (NAIU) has joined Insurance Europe as an associate member, the European insurers’ federation announced
Hannover Re Group increased net income to the record level
Hannover Re increased its Group net income by 14.2% in the 2022 financial year to the record level of EUR 1.41 billion (previous year: EUR 1.23 billion)
LexisNexis Risk Solutions enhanced its home insurance AI solution
LexisNexis Risk Solutions has enhanced its home insurance AI solution to expedite and improve the home insurance underwriting process
German insurers’ non-life underwriting profitability will weaken
German public-sector insurers’ non-life underwriting profitability will likely weaken in 2023, driven by higher reinsurance prices and claims inflation
The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
The US P&C insurance industry recorded a $16.3 bn net underwriting gain in the first three months of 2026, up significantly from a $1 bn loss recorded in the prior-year period
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure