Insured losses from Hurricane Melissa in Jamaica could hit between $2.2 bn and $4.2 bn, according to data from Verisk’s extreme event solutions unit. Melissa slammed into the island on Oct. 28 with ...

State Farm Insurance Co. is under fire in federal court over claims it denied or canceled policies using what the plaintiffs call “cheat-and-defeat AI algorithms.” The lawsuit, filed in the U.S.

London-based insurtech INSTANDA has closed a $20 mn round, a push that lifts total capital raised to more than $85 mn. CommerzVentures led the deal, adding its weight as a specialist investor focused ...

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 from private equity firm Cinven. Generali Financial ...

Swiss Re’s annual SONAR report identifies new or changed risks that are difficult to quantify and could have a major impact on society and industry. By providing early insights into evolving risks, ...

The United States personal auto insurance industry experienced its best underwriting result in the post-pandemic era with a net combined ratio of 95.3 in 2024, according to Triple-I report. Beinsure ...

Omnix Medical, a Jerusalem biotech working on anti-infective drugs, closed a $25 mn Series C funding round co-led by Harel Insurance & Finance and the European Innovation Council (EIC) Fund. Existing ...

Daniel holds a diploma in Mathematics and a PhD with honours in Computer Science, both from University of Konstanz in Germany. He joined Swiss Re in 2008, working in Risk Management where he was ...

U.S. commercial automobile carriers saw direct premiums written increased 12.1% in 2024 to a total of $72.18 bn, according to AM Best‘s Rankings report. Top 25 U.S. auto liability insurers ...

Global growth is decelerating as US tariff policy reduces trade and heightens uncertainty. Consumers and firms have likely already begun cutting spending and investments in response to the uncertainty ...

SehaTech, an Egyptian InsurTech building AI-driven tools for health insurance administration, closed a $1.1 mn seed round. Ingressive Capital led the raise with Plus VC, strategic angels, and existing ...

MetLife UK has teamed up with YuLife to launch a new Group Income Protection plan aimed at addressing the rising challenge of workplace absenteeism in the UK. The collaboration provides employees with ...