As part of its enforcement efforts, the IRS finalized regulations related to microcaptive “listed transactions” and “transactions of interest.” The agency confirmed its ongoing commitment to pursue ...

Broker Marsh has introduced a €1bn insurance facility named Nimbus to support clients involved in large-scale data center construction projects in the United Kingdom and Europe. Backed by insurers ...

Kin Insurance has completed its reinsurance placements for the term covering June 1, 2025, through May 31, 2026, for the reciprocal exchanges it manages—Kin Interinsurance Network and Kin ...

Texas has become the first U.S. state to formally establish and fund a publicly held bitcoin reserve after Governor Greg Abbott signed Senate Bill 21 into law. The legislation mandates the creation of ...

Tokenization of real-world assets, particularly reinsurance contracts, offers an opportunity to expand capital sources in the insurance sector, according to Jay Madhu, CEO of Oxbridge Re Holdings. He ...

New research from insurtech provider hyperexponential (hx) reveals that data ingestion is the most widely adopted AI use case in the insurance sector, with 95% of insurers in the UK and 89% in the US ...

United Risk Global has finalized its acquisition of Pinnacle Underwriting, an Australian managing general agent specializing in facultative reinsurance, along with its affiliate Pinnacle Holdings ...

Fitch Ratings has affirmed a ‘neutral’ outlook for the European insurance sector at mid-year 2025, citing stable operating conditions despite increased financial market volatility and a weakening ...

Florida Republican Senator Rick Scott has introduced several bills aimed at increasing transparency in the National Flood Insurance Program (NFIP), reducing rate burdens, and enhancing support for the ...

The Life Insurance Code Compliance Committee (Life CCC) of Australia sanctioned a life insurer for failing to properly inform 170 customers of their right to request a review after being declined ...

Allianz UK will reduce its workforce by 650 positions across its operations in the United Kingdom as it adjusts to increased demand for digital services. The company, which employs about 6,000 people ...

Reputation-related cyber incidents can reduce shareholder value by an average of 27%, according to Aon’s 2025 Global Cyber Risk Report. The study analyzed more than 1,400 global cyber events and ...