Trucordia, formerly known as PCF Insurance Services, will receive a $1.3 bn investment from Carlyle’s Global Credit platform. The deal, which values the company at $5.7 bn and is expected to close ...

Insurtech platform Empathy has raised $72 mn in a Series C funding round led by Adams Street Partners, with additional participation from General Catalyst, Index Ventures, Entrée Capital, Brewer Lane ...

Kota, an Dublin-based insurtech startup focused on simplifying insurance benefits administration, has secured €12.8 mn in a Series A funding round led by Eurazeo. Other participants include EQT ...

Insurtech firm bolttech has completed a $147 mn Series C funding round, bringing its valuation to $2.1 bn. The financing introduces Sumitomo Corporation and Iberis Capital as new strategic partners, ...

The European Insurance and Occupational Pensions Authority (EIOPA) has proposed draft guidelines on artificial intelligence use in insurance. According to Insurance Europe, the guidelines could ...

Start Network, a coalition of over 50 humanitarian organisations, and Aon, a global re/insurance broker, have launched a new reinsurance mechanism to expand Start Ready’s capacity to deliver early ...

Baobab, a Berlin-based cyber insurtech, secured €12 mn in a Series A funding round led by Viola FinTech and eCapital. Augmentum Fintech, Project A Ventures, and Christof Mascher, former Allianz ...

AM Best maintains a stable outlook for the UK life insurance market, supported by strong pension-related activity, steady expansion in defined contribution (DC) pensions, and solid investment returns ...

Voxel, a California-based startup, has raised $44 mn in a Series B round led by NewRoad Capital Partners, with additional investment from Eclipse, Rite Hite, Tokio Marine, MTech, HG Ventures, and ...

Canada’s Office of the Superintendent of Financial Institutions (OSFI) launched three consultations and introduced changes to the Life Insurance Capital Adequacy Test (LICAT), as part of its Spring ...

Hartung brings nearly 15 years of experience as a meteorologist and catastrophe analytics leader. In this role, Hartung will oversee Aon’s event response team and strengthen the firm’s global event ...

S&P Global Ratings reports that insurers based in Europe, the Middle East, and Africa (EMEA) maintain strong capital positions and buffers, enabling them to absorb external shocks effectively. Capital ...