PicPay Wins Bacen Approval for Kovr, Adding Underwriting to 10M Policies
PicPay Kovr acquisition wins Bacen's final approval, moving Brazil's fintech giant from distribution into underwriting across its policy base.
Read story
PicPay Kovr acquisition wins Bacen's final approval, moving Brazil's fintech giant from distribution into underwriting across its policy base.
WTW Propel AI investment totals $625 million in cash, targeting $400 million in savings and a 30% margin by 2028, WTW's Q2 2026 results show.
Lincoln Talcott reinsurance deal cedes $5.8bn of GUL reserves and $500m of funding agreements; Lincoln retains policy administration and claims handling.
EIOPA insurance risk dashboard lifts cyber and digitalisation risk to high, holding seven other risk categories steady at medium for July 2026.
Lemonade Q2 2026 revenue rose 79% to $294.4 million, but a lighter reinsurance cession rate drove much of the jump, not organic growth alone.
CNSP Resolution 493 merges 13 Brazilian insurance-broker rules into one framework, giving brokerages a 180-day compliance window before it bites.
PicPay Kovr acquisition wins Bacen's final approval, moving Brazil's fintech giant from distribution into underwriting across its policy base.
Lincoln Talcott reinsurance deal cedes $5.8bn of GUL reserves and $500m of funding agreements; Lincoln retains policy administration and claims handling.
Allianz Partners has agreed to acquire nib's Travel Insurance Direct brand and lock in a 20-year distribution deal across Australia and New…
Mapfre Safety Insurance acquisition: Spain's insurer pays $1.54 billion cash, $105/share, a 44% premium, for the New England P&C carrier Safety.
Allianz's HSBC Life Singapore acquisition pairs a $2.1 billion price tag with a 15-year bancassurance deal, its second Singapore bid since 2024.
Sompo's Fator Seguradora acquisition beat out Generali, AXA and Mapfre, lifting its Brazil corporate insurance market share to fourth place.
Insurance agency M&A fell 15% to 292 deals in H1 2026, the weakest since 2016, as OPTIS points to a seller shortage,…
Thomas Miller takeover wins 89% shareholder backing from UK P&I Club and TT Club, ahead of their own marine mutual merger set…
Marsh's Q2 2026 revenue rose 6% to $7.4bn, but Guy Carpenter's reinsurance revenue contracted as Mercer and Oliver Wyman drove consulting growth.
Gallagher Med James: RPS buys the Kansas MGA two days after Canada's Wilson M. Beck, extending Gallagher's fast wholesale rollup and M&A…
Saudi Re returns to Lloyd's with a 22.5% stake in AdA Risk Holding, an 18-month round trip from its 2024 Probitas exit…
Steadfast acquisition moves: KKR joins Amwins and Dragoneer in a non-binding all-cash scheme bid to take the ASX broker private.
Vantage leadership shifts to Arch Capital veterans Marc Grandisson and David Gansberg after a breakout $201.7M net income year for the Bermuda…
Allstate CFO pick Christian Lown arrives as Property-Liability's combined ratio hits 82.0% and catastrophe losses tumble, testing capital strategy.
Arch reinsurance leadership splits as William Soares and Jon Schriber become Bermuda and U.S. CEOs, reporting to new global chief Jerome Halgan.
SiriusPoint fine art specie unit debuts with Mark Aspinall as head, marking its second London Market Specialty division launch in just three…
QBE Asia leadership expanded on 29 June 2026 with Patrick Karlowski named COO and Florence Chan elevated to a newly created regional…
VIG Re names Wilfrid Goh Chief Representative APAC as it opens a Singapore office under VIGRe28, backed by EUR 995.6m GWP and…
Aegon New York headquarters set to open mid-2027. Will Fuller takes President & COO role Jan 2027. Redomiciliation as Transamerica Inc. completed…
Willis Re appoints Jim Summers as CEO Global Specialties; Arch Insurance International names Kendra Felisky as UK Chair after nine years under…
Saudi Re appoints ex-Swiss Re VP Ruchi Jain as Principal Officer of its GIFT City IIO. GIFT City reinsurance GWP surged to…
Lloyd's launches a May–July 2026 market consultation on skills, culture and talent — replacing the 11-year Dive In Festival with embedded retention…
Aon EMEA leadership rotates on June 1, 2026: Buechter and Kus take over from Page and Kielty as new co-CEOs, with Q1…
Gallagher Re cyber APAC hire: Carlos Grijalva from WTW named APAC cyber head as the $8.36B market grows 27% annually and Gallagher's…
WTW Propel AI investment totals $625 million in cash, targeting $400 million in savings and a 30% margin by 2028, WTW's Q2…
Lincoln Talcott reinsurance deal cedes $5.8bn of GUL reserves and $500m of funding agreements; Lincoln retains policy administration and claims handling.
Lemonade Q2 2026 revenue rose 79% to $294.4 million, but a lighter reinsurance cession rate drove much of the jump, not organic…
Delaware Life subpoenas reveal a related-party stake restated from 3% to over 39% of assets, testing NAIC's new private-credit disclosure rules.
Telematics auto insurance pricing could finally reach California, where AB311 targets the state's last-in-the-nation ban on usage-based auto rating.
California workers' comp premium growth slowed to 3% in Q1 2026, even as WCIRB's accident-year 2025 combined ratio hit a 20-year-high of…
Hugging Face's autonomous AI breach exposed 17,000 logged attacker actions, a wake-up call for cyber insurers pricing 2027 agentic-AI treaty risk.
Mapfre Safety Insurance acquisition: Spain's insurer pays $1.54 billion cash, $105/share, a 44% premium, for the New England P&C carrier Safety.
Brown & Brown AI transformation splits strategy, build and model across McKinsey, Accenture and Anthropic, the opposite bet from Acrisure's job cuts.
Chubb's Q2 2026 P&C underwriting income jumped 18.8% to $1.94B, but lower catastrophe losses drove it, not pricing, as Greenberg buys more…
Insurance agency M&A fell 15% to 292 deals in H1 2026, the weakest since 2016, as OPTIS points to a seller shortage,…
Marsh's Q2 2026 revenue rose 6% to $7.4bn, but Guy Carpenter's reinsurance revenue contracted as Mercer and Oliver Wyman drove consulting growth.
EIOPA insurance risk dashboard lifts cyber and digitalisation risk to high, holding seven other risk categories steady at medium for July 2026.
FINMA enforcement pushed Zurich Insurance to dismiss over a dozen staff and curb new sales at its Swiss corporate pensions unit after…
FCA conflicts of interest scrutiny grows as new director Chris Knight reveals direct letters already sent to firms over risky business models.
PRA's CP12/26 consultation aims to streamline friendly society merger rules, using the £10bn OneFamily-Scottish Friendly deal as its blueprint.
FCA's AI Sandbox cohort 2 admits 21 firms from 199 applicants, with fraud, governance and compliance use cases leading the selected list.
Thomas Miller takeover wins 89% shareholder backing from UK P&I Club and TT Club, ahead of their own marine mutual merger set…
Anthony Jones (UK) Limited has stopped all regulated activity, putting the FCA's Register, FSCS rules and Ombudsman safeguards to a live test.
EIOPA risk margin lambda factor cuts margins on long-dated liabilities from 30 January 2027, diverging sharply from the UK's blunter approach.
EEA insurers’ private assets hit €1.185trn (11% of assets) at end-2025, per EIOPA — private equity now outweighs private credit as the…
PRA fine HDI Global: HDI Global SE paid £4.165m for three years of inaccurate FSCS data submissions, a rare third-country branch reporting…
UK captive insurance regime consultations from the FCA and PRA promise 4-6 week authorisations by mid-2027, undercutting Marsh's own setup benchmark.
FCA's CP26/22 redraws UK insurance rules by customer residency and moves broker PII limits from euros to sterling, with no exemption for…
Lincoln Talcott reinsurance deal cedes $5.8bn of GUL reserves and $500m of funding agreements; Lincoln retains policy administration and claims handling.
Delaware Life subpoenas reveal a related-party stake restated from 3% to over 39% of assets, testing NAIC's new private-credit disclosure rules.
FINMA enforcement pushed Zurich Insurance to dismiss over a dozen staff and curb new sales at its Swiss corporate pensions unit after…
Allianz's HSBC Life Singapore acquisition pairs a $2.1 billion price tag with a 15-year bancassurance deal, its second Singapore bid since 2024.
PRA's CP12/26 consultation aims to streamline friendly society merger rules, using the £10bn OneFamily-Scottish Friendly deal as its blueprint.
EEA insurers’ private assets hit €1.185trn (11% of assets) at end-2025, per EIOPA — private equity now outweighs private credit as the…
Health insurance telemarketing scheme unravels as a Florida federal court enters permanent injunctions against THO and 11 co-defendants nationwide.
APRA longevity capital rules take effect 1 July 2026, introducing an Advanced Illiquidity Premium for Australian annuity insurers to earn capital relief.
FCA Mills Review warns AI-driven personalisation risks opaque insurance pricing, eroding fair value under the FCA's Consumer Duty price tests.
Prudential HCL health insurer wins IRDAI approval as India's eighth SAHI, alongside Prudential's separate Bharti Life stake in life insurance.
The Helvetia Baloise merger of Swiss insurance carriers is complete: CHF 20bn scale, CHF 350m synergy target, dual FINMA approvals to watch.
Malaysian takaful diverges sharply in 2025: general contributions climbed 12.4% to RM6.65bn while family new business growth stalled near RM9.74bn.
PicPay Kovr acquisition wins Bacen's final approval, moving Brazil's fintech giant from distribution into underwriting across its policy base.
Lemonade Q2 2026 revenue rose 79% to $294.4 million, but a lighter reinsurance cession rate drove much of the jump, not organic…
Kenya's marine cargo cover mandate took effect 1 July 2026, but the real shift is enforcement wired into KRA's customs software with…
Allianz Partners has agreed to acquire nib's Travel Insurance Direct brand and lock in a 20-year distribution deal across Australia and New…
Telematics auto insurance pricing could finally reach California, where AB311 targets the state's last-in-the-nation ban on usage-based auto rating.
Mapfre Safety Insurance acquisition: Spain's insurer pays $1.54 billion cash, $105/share, a 44% premium, for the New England P&C carrier Safety.
Chubb's Q2 2026 P&C underwriting income jumped 18.8% to $1.94B, but lower catastrophe losses drove it, not pricing, as Greenberg buys more…
Japan's 2026 governance code turns cross-shareholding reviews into a cost-of-capital test, exposing insurers whose reports still cite the 2021 rules.
Japan's storm and flood risk survey of 17 institutions arrives as insurers post stronger FY2025 results, testing whether profit funds better analytics.
Travelers Q2 2026 results show record net income of $2.2 billion as catastrophe losses halved and the combined ratio fell to 83.6%…
New Zealand climate adaptation bill mandates 30-year council plans, but insurers warn flood cover keeps retreating without funding certainty.
NJ Supreme Court rules Consumer Fraud Act insurance exemption no longer shields brokers, producers, or agents, exposing them to treble damages.
PicPay Kovr acquisition wins Bacen's final approval, moving Brazil's fintech giant from distribution into underwriting across its policy base.
Lemonade Q2 2026 revenue rose 79% to $294.4 million, but a lighter reinsurance cession rate drove much of the jump, not organic…
Hugging Face's autonomous AI breach exposed 17,000 logged attacker actions, a wake-up call for cyber insurers pricing 2027 agentic-AI treaty risk.
Lemonade Hannover Re financing: Hannover Re's $250m growth facility replaces General Catalyst as Lemonade approaches EBITDA breakeven in 2027.
Microinsurance in Sub-Saharan Africa: Turaco ASA LifeCare enrolls 500,000 policies in four months; insured borrowers 60% less likely to default on loans.
Sixfold's AI Underwriter — the autonomous underwriting agent its $30M Series B was raised to build — is now in production at…
Descartes Underwriting and Nextpower launch the first parametric straight-line wind solution for solar farms, with limits up to $100M and on-site sensor…
Tokenized reinsurance reaches the live market: SurancePlus issues three Solana-native HCI Re 2026 securities with a $5,000 minimum, targeting up to $12M…
ICEYE closes €450M primary Series F led by General Atlantic at €10bn+ valuation, funding scale to 100 SAR satellites/year by 2028 to…
3IF Ventures closes $12m first round — anchored by FSD Africa ($6m), Swiss Re Foundation ($5m) and Zep Re — to fund…
Admiral Group acquires Flock for £80m on June 1, 2026 — a telematics-first commercial fleet insurtech that cut crash frequency 10% —…
Nigeria's NAICOM grants first insurtech licence, confirming NIIRA 2025 operational and opening Africa's largest market at 0.5% GDP penetration to digital operators.
WTW Propel AI investment totals $625 million in cash, targeting $400 million in savings and a 30% margin by 2028, WTW's Q2…
Lemonade Q2 2026 revenue rose 79% to $294.4 million, but a lighter reinsurance cession rate drove much of the jump, not organic…
Commercial insurance rates fell 6% globally in Q2 2026, the eighth straight quarterly drop, as IMEA overtook the Pacific as the steepest…
Hugging Face's autonomous AI breach exposed 17,000 logged attacker actions, a wake-up call for cyber insurers pricing 2027 agentic-AI treaty risk.
Brown & Brown AI transformation splits strategy, build and model across McKinsey, Accenture and Anthropic, the opposite bet from Acrisure's job cuts.
Chubb's Q2 2026 P&C underwriting income jumped 18.8% to $1.94B, but lower catastrophe losses drove it, not pricing, as Greenberg buys more…
FCA's AI Sandbox cohort 2 admits 21 firms from 199 applicants, with fraud, governance and compliance use cases leading the selected list.
OSFI catastrophe bonds now earn zero-margin capital credit under Canada's MCT, but only when collateral stays onshore and OSFI pre-approves the deal.
Aon expands data centre insurance capacity to $5bn under DCLP, pushing engineering and risk intelligence upstream to make hyperscale assets bankable.
Travelers Q2 2026 results show record net income of $2.2 billion as catastrophe losses halved and the combined ratio fell to 83.6%…
UK captive insurance regime consultations from the FCA and PRA promise 4-6 week authorisations by mid-2027, undercutting Marsh's own setup benchmark.
Litigation and technology, not attacks, drive cyber claims-cost inflation, Guy Carpenter finds, as Marsh and Aon show falling frequency, stubborn severity.
EIOPA insurance risk dashboard lifts cyber and digitalisation risk to high, holding seven other risk categories steady at medium for July 2026.
CNSP Resolution 493 merges 13 Brazilian insurance-broker rules into one framework, giving brokerages a 180-day compliance window before it bites.
IRDAI has approved amendments introducing perpetual registration for insurance intermediaries and mandatory salesperson tagging on every policy.
SUSEP's cybersecurity manual for Brazil's insurers rests on brand-new mutualist governance rules and a $944 billion global cyber-risk protection gap.
Kenya's marine cargo cover mandate took effect 1 July 2026, but the real shift is enforcement wired into KRA's customs software with…
Delaware Life subpoenas reveal a related-party stake restated from 3% to over 39% of assets, testing NAIC's new private-credit disclosure rules.
FINMA enforcement pushed Zurich Insurance to dismiss over a dozen staff and curb new sales at its Swiss corporate pensions unit after…
FCA conflicts of interest scrutiny grows as new director Chris Knight reveals direct letters already sent to firms over risky business models.
Telematics auto insurance pricing could finally reach California, where AB311 targets the state's last-in-the-nation ban on usage-based auto rating.
California workers' comp premium growth slowed to 3% in Q1 2026, even as WCIRB's accident-year 2025 combined ratio hit a 20-year-high of…
PRA's CP12/26 consultation aims to streamline friendly society merger rules, using the £10bn OneFamily-Scottish Friendly deal as its blueprint.
Japan's 2026 governance code turns cross-shareholding reviews into a cost-of-capital test, exposing insurers whose reports still cite the 2021 rules.
Daily Beat newsletter
M&A, executive moves, regulation, innovation — the stories shaping insurance, delivered every weekday morning.
Free. No spam. Unsubscribe anytime.