Omnix Medical, a Jerusalem biotech working on anti-infective drugs, closed a $25 mn Series C funding round co-led by Harel Insurance & Finance and the European Innovation Council (EIC) Fund. Existing ...

Flood insurer Wright Flood, a subsidiary of Brown & Brown, said it will acquire the assets of Poulton Associates, one of the largest national catastrophe managing general agents. Closing is scheduled ...

S&P Global Ratings shifted its outlook on Vienna Insurance Group and its reinsurer VIG RE to positive from stable. The agency kept both entities at A+ for insurer financial strength and issuer credit.

The Cayman Islands Monetary Authority cleared 11 new insurance licenses in the third quarter, keeping the island’s reputation as a magnet for captives and international insurers firmly intact.

Metropolitan Tower Life Insurance, a MetLife subsidiary, has entered into a $1.8 bn pension risk transfer deal with Eastman Kodak following the company’s decision to terminate its longstanding Kodak ...

US auto insurers are racing to increase premium rates as they seek to offset historically poor underwriting results. The year-to-date nationwide average increase for private auto insurance is 30% in ...

State Farm Insurance Co. is under fire in federal court over claims it denied or canceled policies using what the plaintiffs call “cheat-and-defeat AI algorithms.” The lawsuit, filed in the U.S.

SiriusPoint has agreed to sell its 49% equity stake in Arcadian Risk Capital to Lee Equity Partners for $139mn, a deal that includes a pre-close dividend. The transaction, announced this week, ...