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Near Space Labs Secures $20M in Series B Funding

IIR

The aerial imaging startup will use the funding to expand U.S. coverage and explore new commercial markets, including agriculture.

Posted: May 12, 2025

Tinubu Raises $45 Million to Drive Specialty Insurance SaaS Leadership

IIR

The company completed its acquisition of Innoveo and will use the funding to enhance product development and expand its software offering into new specialty lines.

Posted: May 12, 2025

Bestow Raises $120 Million in Oversubscribed Series D Funding Round

IIR

The vendor will use the funding to expand its enterprise platform for life and annuities following the divestiture of its consumer business.

Posted: May 12, 2025

Guardian Expands Hospital Indemnity Insurance With 20+ New Benefits

IIR

The enhanced policy includes fertility, caregiving, and mental health support, reflecting Guardian’s focus on holistic employee well-being.

Posted: May 12, 2025

CriticalIllness.com appears inactive after 2022 launch

coverager

An Assurity initiative.

Posted: May 12, 2025

Willis launches FinTech Plus

coverager

The coverage is designed for fintechs based all over the world.

Posted: May 12, 2025

Dai-ichi Life to increase stake in UK hedge fund Capula

coverager

Capula is an alternative asset management company established in 2005.

Posted: May 12, 2025

Vertafore names XPT Specialty as the 2025 Speed to Market Innovator

coverager

InsurTech leader and wholesaler partner on integrations that drive speed to market

Posted: May 12, 2025

Hub raises $1.6 billion

coverager

The new investment values Hub at $29 billion.

Posted: May 12, 2025

Few Options for Texas Lawmakers to Lower Homeowners Insurance Costs

Carrier Management

Few Options for Texas Lawmakers to Lower Homeowners Insurance Costs Texas lawmakers hope to rein in...

Posted: May 12, 2025

9 of 10 Insurance Professionals Acknowledge Stress, Anxiety: Research

Carrier Management

9 of 10 Insurance Professionals Acknowle...

Posted: May 12, 2025

Fatal Crash Risk Higher for Teens Driving Older Vehicles: Study

Carrier Management

Fatal Crash Risk Higher for Teens Driving Older Vehicles: Study A new study indicates that teens...

Posted: May 12, 2025

Report Describes Final Moments of Plane Crash That Killed Massachusetts Family

Insurance Journal

Federal investigators are outlining the final moments of a plane crash last month in upstate New York that killed a family from Massachusetts heading to the Catskills to celebrate a birthday and the Passover holiday. The victims of the April …

Posted: May 12, 2025

Space War: Marsh Sues Willis Over Aviation Insurance Hires Soliciting Clients

Insurance Journal

Insurance broker Marsh USA is asking a New York court to stop several former employees and rival Willis Towers Watson from preparing to steal its aviation and space insurance clients using confidential information. In a lawsuit filed in New York &#82...

Posted: May 12, 2025

London Workers Hit by Travel Disruption After Power Outage

Insurance Journal

London commuters face significant disruption to their journeys after a power failure knocked out parts of the capital’s underground network. Trains are delayed or not running on all or some sections of the Bakerloo, Jubilee, Piccadilly and Nort...

Posted: May 12, 2025

IRLA Congress: Legacy market shifts to proactive capital management and risk solutions

Reinsurance News

The legacy and reinsurance market, once viewed as a niche or reactive segment of the insurance sector, has now become a central component of capital management strategies and long-term planning. That was the consistent theme emerging from this yea...

Posted: May 12, 2025

Markets/Coverages: QBE Starts New Commercial Property Product for Large Companies

Insurance Journal

QBE North America today announced the launch of its new commercial property product, providing custom solutions for comprehensive coverage to large companies across the United States. Combining deep, industry-leading expertise with a commitment to cu...

Posted: May 12, 2025

A Customer Service Horror Story

Insurance Thought Leadership

A Customer Service Horror Story PaulCarroll Mon, 05/12/2025 - 12:06 Because I'm in the midst o...

Posted: May 12, 2025

Chinese Exporters Elated by Reprieve in US-China Trade War

Insurance Journal

The US-China deal temporarily lowering tariffs comes as a relief for Chinese exporters in limbo since the onset of a trade war between the world’s two largest economies. The Trump administration’s 145% duties on most Chinese imports will...

Posted: May 12, 2025

Arundo Re welcomes Bergot as Non-Life Underwriter for the French market

Reinsurance News

International reinsurer Arundo Re has announced the appointment of Guillaume Bergot as Non-Life Underwriter for the French market. With over a decade of experience in the reinsurance industry, Bergot is joining Arundo Re from Gallagher Re, where h...

Posted: May 12, 2025

Arundo Re welcomes Bergot as Non-Life Underwriter for French, Belgian, Luxembourg markets

Reinsurance News

International reinsurer Arundo Re has announced the appointment of Guillaume Bergot as Non-Life Underwriter for the French, Belgian and Luxembourg markets. With over a decade of experience in the reinsurance industry, Bergot is joining Arundo Re f...

Posted: May 12, 2025

Hub to Get $1.6B Minority Investment, Valuing Company at $29B

Insurance Journal

Hub International Limited said the brokerage entered into a definitive agreement on an investment of about $1.6 billion from several firms. Hub said the investment, valuing the Chicago-based company at $29 billion, is being led by accounts advised by...

Posted: May 12, 2025

HUB secures minority investment of $1.6bn reaching $29bn valuation

Reinsurance News

Hub International Limited (HUB), a global insurance brokerage and financial services firm, has secured a minority common equity investment of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation. T. Rowe Price Invest...

Posted: May 12, 2025

Global Insurtech Funding Surges 90% in Q1 2025

Risk & Insurance

AI-driven innovation and strategic investments fuel the 'insurtech spring' as P&C insurtechs lead recovery with $1.13 billion in fresh capital, Gallagher Re reports. The post

Posted: May 12, 2025

Ivans Index shows y-o-y increase in premium renewal rates in April

Reinsurance News

Ivans, a division of Applied Systems, has reported a year over year increase in average premium renewal rates across all major commercial lines of business, except for Workers’ Compensation which experienced a decrease in April. Month over month,...

Posted: May 12, 2025

RISKWORLD™ 2025 Coverage: FM’s Randy Hodge Discusses the Intellium Initiative

Risk & Insurance

The data center industry is experiencing tremendous growth due to the increasing demand for digital infrastructure. The post ...

Posted: May 12, 2025

Cyber Insurer Coalition: Costs From Business Email Compromise Rise in 2024

Insurance Journal

About 60% of claims handled by cyber insurer Coalition were from business email compromises—and about a third of those including funds transfer fraud. According to it’s “2025 Cyber Claims Report,” Coalition said claims severity invo...

Posted: May 12, 2025

Insurer Coalition: Costs From Business Email Compromise Rise in 2024

Insurance Journal

About 60% of claims handled by cyber insurer Coalition were from business email compromises—and about a third of those including funds transfer fraud. According to it’s “2025 Cyber Claims Report,” Coalition said claims severity invo...

Posted: May 12, 2025

DWF names Kathleen Buck as President of US Claims team

Reinsurance News

DWF, a provider of integrated legal and business services, has announced the appointment of Kathleen Buck as President of its US claims team within the Claims Management and Adjusting (CMA) division. With a wealth of experience in the insurance se...

Posted: May 12, 2025

Markets/Coverages: Markel Launches Clinical Trials Cover to Support Research Globally

Insurance Journal

Markel Insurance, the insurance operations within Markel Group Inc., announced the launch of its clinical trials insurance product. Markel said the product underscores its commitment to providing best-in-class solutions to support clinical trials res...

Posted: May 12, 2025

KatRisk acquires location intelligence & property risk assessment firm Gamma

Reinsurance News

Catastrophic risk modelling software provider KatRisk has acquired Gamma, a location intelligence and property-level risk assessment firm. According to KatRisk, the acquisition strengthens its commitment to innovation, enhances its technical exper...

Posted: May 12, 2025

Tornadoes, Winds, Rain Hit Florida Panhandle and Parts of Alabama

Insurance Journal

Tornadoes, strong winds and flash flooding hit parts of north Florida and Alabama over the weekend, damaging dozens of homes and commercial and farm structures, weather and local news sites reported. In the Florida Panhandle, tornadoes ripped roofs f...

Posted: May 12, 2025

Drug Companies Paying Hawaii $700 Million to Settle Plavix Blood Thinner Suit

Insurance Journal

Pharmaceutical companies have agreed to pay Hawaii $700 million to settle its lawsuit over the efficacy and safety of the blood thinner Plavix, the state attorney general’s office announced. A court ruling last year ordered Bristol Myers Squibb...

Posted: May 12, 2025

Tesla Driver Charged in California Attacks Arrested Again for Road Rage in Hawaii

Insurance Journal

A Tesla driver charged with attacking motorists’ vehicles with a pipe in the Los Angeles area has been arrested again for allegedly assaulting two women during a road rage incident in Honolulu. The recent arrest comes less than a year …

Posted: May 12, 2025

Small business owners face economic pressures as confidence in insurance coverage wanes: NEXT

Reinsurance News

A new survey from NEXT Insurance, a digital insurtech company focused on serving small businesses, reveals that economic pressures remain intense for entrepreneurs heading into 2025. The findings, drawn from a sample of 500 small business owners a...

Posted: May 12, 2025

Hippo reports 30% revenue growth amidst wildfire impact in Q1’25

Reinsurance News

Home insurance group Hippo, has announced its financial results for the first quarter of 2025, reporting year-on-year revenue growth of 30% to $110 million, with net loss increasing by $12 million to $48 million, with the Los Angeles wildfires con...

Posted: May 12, 2025

Labor Market Stays Resilient, but Workers Less Productive in Q1

Insurance Journal

The number of Americans filing new applications for unemployment benefits fell sharply as the spring break-related boost from the prior week faded, suggesting the labor market continued to chug along, though risks are mounting from tariffs. Employers...

Posted: May 12, 2025

MAPFRE introduces ethical guidelines for AI development

Reinsurance News

MAPFRE, a Spanish insurer and insurance group in Latin America, has become the first IBEX 35-listed company to introduce a formal set of principles for the responsible development and use of artificial intelligence (AI). The company has launched i...

Posted: May 12, 2025

Newark Plane Traffic Slowed Again Due to Telecoms Issue, FAA Says

Insurance Journal

The Federal Aviation Administration was forced to briefly slow arriving and departing planes at New Jersey’s Newark Liberty International Airport on Sunday because of a new telecommunications issue, the agency said. The Philadelphia Terminal Ra...

Posted: May 12, 2025

Recovery of Superyacht Bayesian off Sicily Suspended After Diver Dies

Insurance Journal

The recovery of a superyacht that sank last year off the Sicilian coast was temporarily halted Saturday following the death of a specialist diver while working underwater, the company overseeing the operation said. U.K. tech magnate Mike Lynch, his d...

Posted: May 12, 2025

Legacy activity momentum in UK & Ireland continues into Q1’25: PwC

Reinsurance News

A new PwC report on non-life insurance run-off deals has revealed that in Q1 2025, 8 acquirers publicly announced 11 deals, 9 of which disclosed transferred reserves totalling nearly $1bn, with the UK and Ireland dominating by accounting for 9 of...

Posted: May 12, 2025

AM Best upgrade fuels casualty growth in strong market conditions: Hamilton CEO

Reinsurance News

Hamilton Insurance Group, a Bermuda-based insurance and reinsurance provider known for its underwriting platforms, is making the most of favourable conditions in the casualty market—bolstered by a recent credit rating upgrade from AM Best, the cre...

Posted: May 12, 2025