Baltimore Bridge Loss Reaches $2.8B, Setting a New Benchmark for US Marine Claims
Baltimore Bridge insurance loss confirmed at $2.8B — 87% above initial estimates. P&I clubs consumed 93% of their GXL tower. How reinsurers, port underwriters,…
Line of Business
Property & Casualty
Thomas Buberl Wins AXA Mandate Through 2030, Locking In AI and P&C Growth Strategy
AXA CEO Thomas Buberl wins a four-year mandate through 2030 confirmed at the April 30 AGM, locking in the Unlock the Future strategy with…
Canopius Launches Standalone Cyber War Cover for State-Sponsored Attacks
Cyber war coverage for state-sponsored attacks went on sale April 27 as Canopius launched a specialty add-on that fills the gap Lloyd's war exclusions…
Aviva Acquires DisasterCare to Cut Property Claims Response Times and Lock In Contractor Quality
Aviva completes the acquisition of DisasterCare Group — 200+ staff, 27 UK branches, The Flood School — its third major deal in three years,…
Global InsurTech Funding Rises 27% to $943M in Q1 2026, with AI Accounting for Three-Quarters of Capital
Global insurtech investment reached $943.4 million across 42 deals in Q1 2026 — up 27% year-on-year — with approximately 75% of capital flowing to…
APRA Calls for Step Change in AI Risk Governance Across Insurance Sector
APRA AI risk governance directive urges insurers to strengthen AI controls as EIOPA and NAIC frameworks converge, creating H2 2026 compliance deadlines.
Ageas Takes Full Ownership of AG Insurance in €1.9B Deal with BNP Paribas
Ageas AG Insurance acquisition completes at €1.9B, giving Belgium’s top insurer full ownership and securing a 15-year BNP Paribas bancassurance deal.
AIG Underwriting Income Surges 219% to $774M as Combined Ratio Hits 87.3%
AIG underwriting income surged 219% to $774M in Q1 2026 as the combined ratio improved 850 basis points to 87.3%, outpacing the P&C sector.