Beelzebub raises €3 mn in seed funding to expand AI cybersecurity platform
Beelzebub raised €3 mn in seed funding led by United Ventures to expand its AI cybersecurity platform, research team and US operations
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Wonderful expands AI operating platform for insurance workflows
Wonderful is extending its AI operating platform across underwriting, claims, servicing and compliance for P&C, life and health insurers
Wonderful raises $550 mn Series C at $5 bn valuation
Wonderful raised $550 mn in a Series C led by Insight Partners, valuing the AI software company at $5 bn as it expands across more than 35 markets
ZeroRisk raises $4 mn to expand merchant risk platform in US
ZeroRisk raised $4 mn in a funding round led by Elkstone to expand its merchant risk and compliance platform, with a focus on the US market
Mistral AI raises €3 bn at more than €21 bn valuation
Mistral raised €3 bn in a Series D led by Samsung Electronics, valuing the European AI company at more than €21 bn after the financing
Fundcraft raises €12 mn to expand digital fund operations
Fundcraft raised €12 mn in growth financing to expand across Europe, deepen private equity capabilities and develop AI-based fund operations
SpaceTech ICEYE opens SAR satellite data feed with 2026 imagery
ICEYE’s open data initiative provides public access to selected SAR satellite imagery and videos, including thousands of 2026 deliverables
Insurtech Sixfold launches AI Underwriter for life and health insurance
Sixfold launched an AI underwriting platform for life, disability, long-term care and critical illness, producing case recommendations with cited evidence
Insureon partners with LIO Insurance on specialty small business coverage
Insureon partnered with LIO Insurance to expand specialty commercial coverage for small businesses, starting with digital special event insurance
Vero, Uber and insurtech Cover Genius launch pay-per-kilometre rideshare insurance
Vero, Uber and Cover Genius launched a pay-per-kilometre motor policy combining private and rideshare cover for eligible Uber drivers in Australia
Insurtech Intellect AI outlines automation tools for wholesale insurance brokers
Intellect AI outlined how its distribution, submission and document-review tools are being used to reduce manual work across wholesale insurance placement
Square Insurance Brokers appoints Kapil Baraya to lead corporate lines
Square Insurance Brokers appointed Kapil Baraya as Head of Corporate & Commercial Lines, with responsibility for corporate insurance and life operations
UK mortgage lending rises as high-LTV share hits 18-year high
UK gross mortgage advances rose 11.1% in Q2 2026 to £77.4 bn, while lending above 90% LTV reached its highest share since 2008
Fintech Félix raises $200 mn to expand AI financial services in Latin America
Cross-border payments FinTech Félix raised $200 mn in equity and debt to expand AI-powered financial services and its Latin American operations
Ping An Digital Bank launches export financing with credit insurance
Ping An Digital Bank launched export receivables financing with integrated credit insurance, offering up to 95% funding and facilities of $5 mn
Manulife Asia Insurance and Ant Health explore cross-border healthcare services
Manulife Asia and Ant Health signed an MOU to explore cross-border healthcare services, digital health tools and insurance technology in Asia
Chartered Institute of Loss Adjusters appoints Melissa Cunningham as new President
CILA appointed Marsh’s Melissa Cunningham as its youngest President, with Sedgwick’s Aruna Chandrapalan elected Deputy President
Certua Life partners with Heka to offer Surely life insurance
Certua Life has partnered with employee benefits platform Heka to offer personalised individual life insurance through its Surely brand
Howden Re launches Novark platform for insurance-linked capital
Howden Re launched Novark, a digital platform providing near real-time data and administration for insurance-linked securities and third-party capital
PB Fintech launches PB Pay payment aggregator in India
PB Fintech launched PB Pay in India, combining UPI, cards, net banking, wallets, EMI and recurring payments through a single merchant platform
Cathay Life joins Global Asia Insurance Partnership as Principal Partner in Asia
Taiwan’s Cathay Life joined the Global Asia Insurance Partnership as a Principal Partner to work on protection gaps and emerging insurance risks
EigenRisk adds GeoX data for 186 mn US properties
EigenRisk integrated GeoX property intelligence into EigenPrism, adding AI-derived attributes for more than 186 mn US commercial and residential properties
Insurtech Shory launches Tesla insurance in UAE with EVS and Al Wathba
Insurtech Shory partnered with EVS and Al Wathba Insurance to launch Tesla-specific motor coverage in the UAE with access to specialist EV repairs
Gradient AI expands Renewal Analytics for group health insurers
Gradient AI expanded Renewal Analytics with IBNR adjustments, peer benchmarking, termination modeling, risk scoring and automated PDF reporting
Emtech launches QMT 2.3 for autonomous insurance software testing
Emtech launched QMT 2.3 with autonomous model generation, custom test cases and model-driven validation for insurers and InsurTechs
Global Aerospace names Eric Donofrio president from 2027
Global Aerospace appointed Eric Donofrio as president from January 2027 as Jeffrey Bruno retires after nearly four decades with the company
US offshore life reinsurance reserves reach $1.3 tn
US life insurers ceded $1.3 tn of reserves offshore in 2025, nearly double 2020 levels, with Bermuda accounting for 85%, according to Fitch
Amazon Boeing 767-300 cargo plane crash at Miami airport kills at least five
At least five people were killed after an Amazon Prime Air Boeing 767 overran a runway at Miami International Airport and struck vehicles
ILS market expansion: third-party reinsurance capital reaches $141 bn in 2026
Third-party reinsurance capital reached about $141 bn of limit by March 2026, while outstanding catastrophe bond capacity surpassed $65 bn
Property catastrophe reinsurance prices fall at mid-year renewals
Property catastrophe reinsurance prices fell by double digits at June and July 2026 renewals as global reinsurer capital reached $790 bn
Northern Re surpasses $1 bn in in-force reinsurance premium
Northern Re has exceeded $1 bn in in-force premium after four underwriting years, while committed capital increased from $25 mn to $325 mn
Great Hill invests in Aurenity, a technology-enabled E&S MGA, to support underwriting
Great Hill Partners invested in E&S MGA Aurenity to support new specialty programs, underwriting hires and further investment in AI and automation
MS Reinsurance appoints Julien Mollinier as Global Speciality CUO
MS Re appointed Julien Mollinier as Chief Underwriting Officer, Global Speciality Lines, alongside senior changes in its Financial Risks team
Global air cargo demand rises 6% as freight rates stay elevated
Global air cargo demand increased 6% year-on-year in August 2026, extending the strong summer performance recorded in July
Starr and Goalhanger launch geopolitical risk series at Lloyd’s of London
Starr and Goalhanger will host The Risk Briefing at Lloyd’s, bringing political commentators and insurance executives together to discuss geopolitical risk
SpaceTech ICEYE partners with Water Institute on predictive flood intelligence
ICEYE partnered with The Water Institute to add FloodID predictive modeling to its satellite-based flood intelligence services for US users
Chariot Re raises $700 mn in third capital round, taking total capital above $2 bn
Chariot Re raised about $700 mn in equity and debt, taking total capital raised since its 2025 launch above $2 bn
Former Alabama sheriff’s deputy indicted in $24 mn life insurance fraud case
Federal prosecutors charged a former Alabama deputy and his wife in an alleged identity theft and life insurance fraud scheme involving $24 mn in policies
Maryland opened employer registration for Family and Medical Leave Insurance program (FAMLI)
Maryland opened employer registration for FAMLI, with payroll deductions starting in January 2027 and paid leave benefits beginning in January 2028
Federal officials promote CHOICE health insurance model in Indiana
Federal officials promoted CHOICE health arrangements in Indiana as employers seek alternatives to traditional group health insurance amid rising costs
Insurtech Corgi Insurance launches Corgi Re reinsurance platform
Corgi Insurance launched Corgi Re, a reinsurance platform using underwriting technology and data tools to support faster risk and capital decisions
Howden Re and Synthetik launch UNREST model for civil unrest risk
Howden Re and Synthetik launched UNREST, a property-level model for measuring strikes, riots and civil commotion exposure and potential insured losses
Thomson Reuters C-Track cyber incident affects US and Canadian courts
Thomson Reuters disclosed a C-Track cybersecurity incident affecting court systems across 11 US states, the US Virgin Islands and Canada
Lockton Insurance named in NBA Clippers probe over Kawhi Leonard endorsement
Lockton Insurance was named in the NBA investigation into Clippers salary-cap violations involving endorsement agreements for Kawhi Leonard
FBI probes possible ID verification breach exposing license scans
The FBI is investigating a possible breach involving more than 160 mn North American driver’s license records advertised on a cybercrime forum
Aon to acquire USI Insurance Services from KKR for $17 bn
Aon agreed to acquire USI Insurance Services from KKR and co-investors for $17 bn in cash, with closing expected in the fourth quarter of 2026
Verisk launches US data center exposure database for insurers
Verisk launched a US data center exposure database covering more than 2,500 facilities as insurers assess growing AI infrastructure concentrations
Natural catastrophe protection gap leaves most losses uninsured
Only 38% of global natural catastrophe losses are insured, Verisk says, with Europe’s coverage rate at 22% and far lower protection in some markets
Florida judge dismisses Lighthouse investor lawsuit over Hurricane Ida losses
A Florida judge granted summary judgment against investment funds that accused former Lighthouse Property Insurance executives of concealing Hurricane Ida losses
Marsh has renamed Guy Carpenter as Marsh Re
Marsh has renamed Guy Carpenter as Marsh Re, combining reinsurance and capital solutions under the broader Marsh brand after more than 100 years
US employer health benefit costs projected to rise sharply in 2027
US employer health benefit costs are projected to rise sharply in 2027, with GLP-1 weight-loss drugs adding about one percentage point to the increase
World Insurance Associates acquires Pellechio Family Agency
World Insurance Associates acquired New Jersey-based Pellechio Family Agency, expanding its commercial and personal insurance business
Florida homeowners and auto policyholders paid $3 bn less for insurance
Florida homeowners and auto policyholders paid nearly $3 bn less in 2025 as insurance litigation declined and market conditions improved, a study found
EQT to acquire majority stake in McGill and Partners for $2 bn
EQT X agreed to acquire a majority stake in McGill and Partners for $2 bn, with Warburg Pincus exiting and Steve McGill remaining CEO
Autonomous AI agents challenge traditional cyber insurance definitions
Traditional cyber policies often assume malicious activity originates with a person or organized group, while an autonomous AI agent might initiate harmful actions
Global cyber insurance rates fall globally
Swiss Re data shows global cyber insurance rates declined for a fourth consecutive year in 2026, though the pace of reduction slowed
Insurance AI adoption exposes verification gap, study finds
Insurance AI adoption is moving faster than verification controls as synthetic media raises fraud risks across claims and underwriting, research finds
Nepal floods could drive insurance losses above $132 mn
Nepal’s floods could produce more than $132 mn in commercial insurance losses, with hydropower projects expected to account for most claims
Philadelphia residents get 15% NFIP flood insurance discount
Philadelphia residents receive a 15% discount on eligible NFIP flood insurance policies issued from April 2026, saving about $424,000 annually
Citizens Property Insurance sends 45,000 Florida homeowners non-renewal notices
Citizens Property Insurance sent 45,000 Florida homeowners non-renewal notices as the state-backed insurer continues shrinking its policy count
US 30-year mortgage rates reached 7.55% as refinancing and purchase applications declined, raising monthly costs and pushing more borrowers toward ARMs
US home claim severity rose 25.9% in 2025 as wildfire losses, repair inflation and peril shifts reshaped insurer loss trends
Florida’s property insurance market showed its clearest improvement in a decade, with the state’s share of US homeowners claims falling to 4.9% and lawsuits dropping to 41.3%
US private flood insurance market is expanding, addressing the nation’s substantial gap between economic and insured losses from flood events