Reinsurance News
funding
Braven closes $4.6m Seed round and launches London office
16th June 2026
Braven, a US-based technology company focused on building infrastructure for the insurance industry, has closed a $4.6 million Seed round to fund its expansion into the UK market, including the launch of a London office this month. Formerly known as Sytrex, Braven is an insurance infrastructure technology company headquartered in San ... Read the full article
Fortitude Re completes second $500m FABN issuance
11th June 2026
FGH Parent, L.P. (together with its subsidiaries, Fortitude Re), a global reinsurance company, has announced that Fortitude Life Insurance & Annuity Company (FLIAC) has completed its second funding agreement-backed notes (FABN) offering to institutional investors. Fortitude Re entered the funding agreement-backed notes market in October 2025 with an inaugural $500 ... Read the full article
ICEYE targets global expansion as latest funding round surpasses €1bn
9th June 2026
ICEYE, a provider of sovereign intelligence from space, has raised €450 million (USD 520 million) in a primary Series F funding round led by General Atlantic, at a valuation of more than €10 billion (USD 12 billion). Combined with a secondary placement, the total raised from this funding round exceeded ... Read the full article
Honeycomb raises $40m in new funding round led by Zeev Ventures
5th June 2026
Honeycomb Insurance, a digital insurer specialising in apartment buildings and condo associations, has raised an additional $40 million in a new funding round led by Zeev Ventures. The round also drew participation from existing investor Ibex Investors, alongside new backers Peakline, Alpha Partners, Meitar Partners, Practical VC, and former San Francisco ... Read the full article
AI-powered wholesale broker Novella raises $21m for US expansion
14th May 2026
Novella, an artificial intelligence (AI)-powered wholesale insurance broker, has raised $21 million in capital to expand its presence, hire brokers, and develop its proprietary AI platform. The funding raise was led by Brewer Lane Ventures, and included Box Group; Crystal Venture Partners; SV Angel; Avid Ventures; Verissimo Ventures; Blank Ventures; and ... Read the full article
Qover raises $12m from CIBC as it celebrates ten years in embedded insurance
31st March 2026
Qover, a Belgium-based insurtech company specialising in embedded insurance orchestration, has secured a $12 million growth capital facility from CIBC Innovation Banking as it marks its tenth year in operation. The company reports that this latest financing brings its total funding to more than $100 million since its founding. Qover explains that ... Read the full article
Bishop Street Underwriters gets $125m funding from White Mountains
27th February 2026
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has received a strategic structured capital investment of $125 million by White Mountains Insurance Group, Ltd. Recently, in its 2025 result announcement, Bishop Street disclosed that it surpassed $650 million in gross written premium while having a sub-50% portfolio loss ratio. Earlier this ... Read the full article
Artificial Labs secures $45m Series B to fuel global growth
3rd February 2026
Artificial Labs, a provider of digital broking and underwriting technology for the specialty and commercial insurance markets, has successfully closed a $45 million Series B funding round. The capital injection marks a major milestone for Artificial as it continues to grow and expand its global market presence. “This round gives us the ... Read the full article
Broker disruptor WithCoverage raises $42m in Series B financing
13th January 2026
AI-enabled risk management platform WithCoverage has secured $42 million in Series B funding in a round led by Sequoia Capital and Khosla Ventures, with additional backing from 8VC and Crystal Venture Partners. Founded by JD Ross, co-founder of Opendoor, and Max Brenner, WithCoverage aims to reinvent how fast-growing companies manage risk ... Read the full article
Summit Commercial Solutions secures $7.5m Series A investment
8th December 2025
Sorathia Holdings and Greenlight Re Innovations have joined as new investors for a Series A round of investment led by a group of strategic insurance and technology investors, including existing investor IA Capital which has invested $7.5 million in Summit Commercial Solutions, a tech-enabled commercial insurance brokerage. Since being launched in ... Read the full article
ICEYE secures new funding to boost capabilities valued by re/insurance market
8th December 2025
ICEYE, a world leader in synthetic aperture radar (SAR) satellite systems, has secured €150 million in new funding and a €50 million secondary placement, led by General Catalyst with broad pan-European participation, valuing the company at €2.4 billion ($2.8 billion). According to the firm, the funding will be used to accelerate ... Read the full article
Obsidian lifts surplus to support growth
20th November 2025
Obsidian Insurance Holdings, Inc. has increased surplus in its writing companies in order to raise capital through a successful senior notes issuance and additional capital investment from its existing equity holders, including Genstar Capital. This move aims to support the firm’s third consecutive year of premium growth over 50%. Obsidian Insurance ... Read the full article
Resolution Life reinforces capital position with $750m Bermuda Ancillary Tier 1 notes issuance
20th November 2025
Resolution Life, a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance companies, has announced the successful completion of its inaugural $750 million Bermuda Ancillary Tier 1 notes issuance. The Notes are perpetual and non-callable before May 19th, 2032. This move was a ... Read the full article
AI-centred InsurTechs dominate as global funding hits $1.01bn in Q3: Gallagher Re
6th November 2025
According to a new report from Gallagher Re, global InsurTech funding was $1.01 billion in Q3 2025, down 7.3% from the $1.09 billion recorded in the prior quarter. Gallagher Re observed a marked drop in deal count, with just 76 deals in Q3 2025, the lowest total since Q2 2020. Overall, quarterly ... Read the full article
Previsico closes Series A funding round to accelerate global growth
21st October 2025
Previsico, the actionable flood warning insurtech, has announced the successful close of its Series A funding round to accelerate its global expansion. The round included investment from Connecticut Innovations (CI), Connecticut’s strategic venture capital arm, and BlueOrchard Finance Limited, a global impact investment manager and member of the Schroders Group. It ... Read the full article
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