Insurtech Irys pulled in a $12.5 mn seed round led by Markd, joined by Deepwork Capital, Florida Opportunity Fund, Ansay & Associates, HICO Ventures, and JMG Capital. The cash is earmarked for hiring ...
10 major banks—including Bank of America, Goldman Sachs, Deutsche Bank, and UBS—just confirmed they’re teaming up to study the launch of a stablecoin tied to G7 currencies. Citi, MUFG, Barclays, TD ...
Flood insurance coverage worth $1.3 tn sits on the edge of expiring, with Sept 30 marked as the deadline. US Congress hasn’t agreed on an extension. That means 4.7mn policyholders—homeowners, renters, ...
Marine underwriters are staring at one of the most punishing runs in memory. A soft market, heavy insurance losses, and fractured trade flows are reshaping risk across global shipping. Beinsure ...
US property and casualty insurers posted stronger profitability in the first half of 2025, according to Moody’s Ratings, despite a heavy burden of wildfire-related catastrophe claims in California. A ...
Global life insurer MetLife has taken a 20% stake in Klimber, an insurtech pushing to change how insurance is distributed across Latin America. The deal gives Klimber a stronger position in the region ...
Onex Corporation has announced that the Onex Partners Opportunities Fund has agreed to acquire Integrated Specialty Coverages (ISC), a tech-enabled insurance platform dedicated to designing, ...
Tokio Marine wants more than incremental tech upgrades. The Japanese insurer just struck a deal with OpenAI to pull generative AI into the guts of its operations. Early focus lands on sales. Tokio ...
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