Hurricane Melissa tore into Jamaica with 185 mph winds and sheets of rain, smashing records and leaving behind a trail of economic damage that could stretch into the billions. Yet insured losses are ...

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 ...

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 ...

Economic losses from natural catastrophes in the EU are rising due to increased economic exposure and the growing severity of climate-related disasters. Between 1981 and 2023, NatCat events caused ...

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 ...

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 ...

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 ...

Germany’s startup ecosystem in 2025 is consolidating its role as Europe’s second-largest innovation hub after the UK, driven by a combination of fintech, deep tech, AI, and climate-focused ventures.

The New York Department of Financial Services hit eight auto insurers and agencies with more than $19 mn in fines after finding inadequate cybersecurity controls that exposed consumer data through ...

David Derigiotis is president of brokerage and head of insurance at Flow Specialty, a next-gen specialty wholesale insurance brokerage. David has more than 20 years experience in the specialty ...

The insurance-linked securities (ILS) market reached a record $107bn in capacity by the end of 2024. AM Best Director of ILS Matt Tuite attributes this expansion to strong investor returns, rising ...