Category: News

WithCoverage, an artificial intelligence risk management platform, has raised $42 million in Series B funding, led by Sequoia Capital and Khosla Ventures, with additional support from 8VC and Crystal Venture Partners. WithCoverage was founded by Opendoor co-founders JD Ross and Max Brenner to reinvent the way fast-growing companies manage risk and move beyond traditional insurance…

Lloyds Markets Association (LMA) has set out its strategic priorities for 2026 to strengthen Lloyds Markets’ position as a global insurance leader, with the board agenda focusing on underwriting, technology skills development, market simplification through digital and regulatory initiatives and working with regulators. The LMA will play a central role during the rollout of Lloyd’s…

Global reinsurer Swiss Re expects AI-driven disruption to redistribute rather than increase insurance demand as the boom in artificial intelligence (AI) expands new insurable asset classes and adds new liability and cyber risk exposures. New research from Swiss Re Research Institute explores the rise of artificial intelligence and its impact on macroeconomic and insurance risks,…

The Baldwin Group, an independent insurance brokerage and advisory firm, has announced the appointment of CAC Group Executive Chairman Paul Sparks to its Board of Directors, effective January 1, 2026. The appointment follows the recently completed merger of The Baldwin Group and specialty insurance brokerage CAC Group, which includes CAC Specialty and CAC Agency, for…

Ron DeSantis, the 46th Florida Governor, announced statewide homeowners insurance rate reductions, with Citizens Property Insurance policyholders expected to experience the premium reductions starting at policy renewal in the spring of 2026. The Executive Office of the Governor oversees state policy, administration, and public communications on behalf of the Governor. According to the announcement, policyholders…

According to the Insurance Council of Australia (ICA), insurers have received 1,386 claims arising from the severe bushfires affecting Victoria since January 7, 2026, with 30 per cent of all property claims currently being total losses. The ICA declared the bushfires a major incident on January 12, and over the past few days they have…

Swiss Re has announced that Fathom’s flood hazard and terrain data are now integrated into its internal catastrophe models to enhance the reinsurance giant’s understanding of global flood risk. Swiss Re said that since acquiring Fathom in December 2023, its team has been working to expand and harmonize Fathom’s core data sets to support the…

International business insurer QBE has appointed Henrik Hansen to the newly created position of Nordic senior life sciences underwriter. Headquartered in Copenhagen, Denmark, Hansen is responsible for developing QBE’s pharmaceutical life sciences (PLS) portfolio in the region. The appointment is in line with the insurer’s long-term growth plans in the life sciences sector in the…

The newly formed Niyam Group has received in-principle approval from the specialist Lloyd’s re/insurance market to form Syndicate 2047, which will be managed by Polo Management Agency (PMA), part of the PoloWorks Group, and is expected to commence underwriting on 1 April 2026. The approval marks a major milestone in the group’s plans to provide…

Mutual insurance and reinsurance group Groupama has issued its first hail-focused catastrophe bond, structured as a blanket indemnity to protect its property and automotive portfolio in mainland France from annual losses caused by hail. The €120 million Quercus II Re DAC issuance is effective from January 1, 2026, has a validity period of 2 years,…