News
CMS revises ACA Exchange rules for 2027
1+ hour, 52+ min ago (470+ words) The Centres for Medicare & Medicaid Services (CMS) in the US has finalised a broad set of regulatory changes to the Affordable Care Act Exchanges for the 2027 plan year, combining lower federal user fees with stricter eligibility checks and a larger…...
Prudential seals deal to acquire 75% of Bharti Life
1+ hour, 59+ min ago (416+ words) Prudential has struck a deal to purchase a 75% holding in Bharti Life Insurance Company from Bharti Life Ventures and 360 ONE Asset Management. The agreed upfront payment is Rs35bn ($363. 5m), to be paid in cash at completion. The company said the purchase will…...
Novella raises $21m to expand US wholesale insurance operations
2+ day, 23+ hour ago (324+ words) Insurance broker Novella has secured $21m in funding to support broker recruitment, technology development and the rollout of regional offices across the US. The New York-headquartered operator, which also runs a research and development operation in Tel Aviv, Israel, has already…...
Aviva Q1 2026 general insurance premiums increase by 19%
3+ day, 2+ hour ago (395+ words) In UK&I general insurance, premiums rose by 26% to "2. 5bn ($3. 34bn) from "2bn. Aviva has reported general insurance premiums of "3. 4bn in the first quarter of 2026 (Q1 2026), up 19% from "2. 9bn a year earlier. In UK and Ireland (UK&I) general insurance, premiums rose by 26% to "2. 5bn from "2bn. The…...
Paul Wells to take over as Protective Life CEO in 2027
3+ day, 2+ hour ago (445+ words) Rich Bielen has led Protective as president and CEO since 2017. Protective Life Corporation CEO Rich Bielen has revealed plans to retire at the end of 2026, with Paul Wells named as his successor. Wells will take over as president and CEO…...
Zurich reports stronger Q1 P&C and Life protection growth
3+ day, 23+ hour ago (30+ words) Zurich Insurance Group posted "accelerated" growth in its property and casualty (P&C) business during the first quarter of 2026, with infrastructure and data centre construction emerging as key demand drivers....
Allianz core net income surges 48. 4% in Q1 2026
4+ day, 1+ hour ago (353+ words) Allianz'has'reported shareholders" core net income of "3. 8bn'for the first quarter of 2026 (Q1 2026), up from "2. 6bn a year earlier, an increase of 48. 4%.' Excluding the impact of the sale of stakes in its Indian joint ventures (JVs) and offsetting measures, core net income increased…...
AI liability cover is a risk and an opportunity for insurers
4+ day, 20+ hour ago (404+ words) Life Insurance International As more businesses use AI across the value chain, they become more vulnerable to liabilities from system failure, bad advice, or bias profiling. This has led to the creation of AI liability insurance products, which are both…...
IAG sets $25bn GWP target for 2030 in new strategy
5+ day, 1+ hour ago (297+ words) By 2030, the insurer said it expects to have more than 11 million customers and exceed A$25bn ($18. 1bn) in GWP." At its"Investor Day event in Sydney,"the insurer"also set out targets of more than 15% return on equity, high single-digit annual growth…...
Mercury Insurance invests in Burn Bot for wildfire mitigation
5+ day, 27+ min ago (254+ words) US-based Mercury Insurance has made an investment in Burn Bot to back wildfire mitigation and support insurance affordability and availability in wildfire-prone areas, particularly in California. The insurer, which was established in 1962, said the investment is part of a wider…...