Newswire

Funding, M&A & PartnershipsGlobal

COCoverager27/10/26

Guidewire to acquire hyperexponential

Guidewire will pay $1.7 billion in cash for hyperexponential, plus up to $400 million if recurring revenue targets are met. hyperexponential is a London-based agentic platform provider of AI-native underwriting and pricing software for commercial lines P&C insurers. The company, which was founded in 2017, publicly disclosed $91 million in funding.

Also reported by Insurance Journal (international), Reinsurance News, Insurance Post, Insurance Times

AI & Machine LearningGlobal

COCoverager28/10/26

Verisk adds Amazon Quick and Microsoft Copilot integrations

Verisk has added integrations with Amazon Quick and Microsoft Copilot and expanded its offerings in Anthropic's Claude. The integrations let authorized insurers access underwriting, premium audit and property-level weather data through natural-language queries. They follow the launch of Verisk Underwriting Intelligence in Claude earlier this year.

Also reported by Insurance Innovation Reporter, Reinsurance News (AI), Business Insurance, FinTech Global

Distribution & EmbeddedGlobal

RNReinsurance News27/10/26

Ardonagh rebrands MGA operations as Orvia Underwriting, unifying $3bn in GWP

The Ardonagh Group will adopt the Orvia Underwriting brand across MGA businesses with more than $3 billion in gross written premium. Mark McIlquham, formerly at Acrisure, has been appointed CEO of Orvia and will lead the initial consolidation of Ardonagh's pan-European, UK and Specialty MGAs. Envest Agencies, parent of 14 specialist MGAs, will rebrand as Orvia Australia and New Zealand, with Belinda Steedman named CEO.

Also reported by Insurance Post, Insurance Business (UK), Coverager

Funding, M&A & PartnershipsGlobal

FGFinTech Global29/10/26

CoverGo raises $6m Series B1 to scale AI insurance platform

CoverGo, an AI-native InsurTech platform serving health, life and P&C insurers, has secured $6m in the first close of its Series B1 round. Betatron Venture Group led the investment. The round takes CoverGo's total funding above $30m. The capital will fund AI-native functionality and scaling of go-to-market efforts. The company works with 25 institutional clients in 15 countries, including AXA, Bupa and Generali.

People & Digital StrategyNorth America

RNReinsurance News29/10/26

SCOR appoints Kalachian Head of Alternative Solutions, North America

Minas Kalachian has joined SCOR as Senior Vice President and Head of Alternative Solutions, North America. He will oversee expansion of SCOR's alternative risk transfer portfolio across the North American P&C market, including regional business development and client and broker relationships. He joins from Canada Life Reinsurance, where he most recently served as US P&C Capital Solutions. He previously spent eight years at Allianz Risk Transfer, Inc.

Digital Products & ParametricGlobal

LILife Insurance International29/10/26

WeRide launches global insurance programme with Allianz and Ping An

WeRide has appointed Allianz Insurance Singapore and Ping An Property & Casualty Insurance Company of China as first partners in a new global insurance programme. The partners will co-develop bespoke coverage for Level 4 autonomous vehicle operations, covering motor, product and commercial general liability, plus privacy and cybersecurity risks. The programme supports the worldwide commercial rollout of WeRide's autonomous fleet.

Distribution & EmbeddedNorth America

IEInsurance Edge29/10/26

Altea Expands into US Healthcare Market

Altea health insurance is expanding into the United States, with Justin Rodrick and Carly Matson leading the expansion.

Digital Products & ParametricUK & Ireland

RNReinsurance News29/10/26

Pool Re welcomes AXA Insurance UK to SME Incentive Scheme

AXA Insurance UK has joined Pool Re's SME Incentive Scheme, designed to increase access to terrorism insurance for small and medium-sized enterprises. Through the scheme, AXA will include terrorism cover as standard in selected digital SME insurance products. AXA will also offer a £25k limit for non-damage denial of access as standard, and Pool Re estimates about 5% of UK SMEs currently buy dedicated terrorism cover.

Funding, M&A & PartnershipsEurope

IJInsurance Journal (international)29/10/26

Barclays Turns to Insurers to Hedge Billions of Data Center Debt

Barclays is seeking to buy default protection on more than $10 billion of debt used to finance artificial intelligence infrastructure, according to people familiar with the matter. The talks are exploratory, and Barclays is looking for insurers to cover more than 50% of the credit risk on some AI-linked facilities. Final decisions on the size and timing of any deal have yet to be taken.

People & Digital StrategyGlobal

RNReinsurance News29/10/26

Pacific Life Re announces protection leadership changes across global markets

Pacific Life Re has changed the leadership of its global Protection business, bringing pricing and underwriting functions under a single global leadership structure. Jia Yi Tan has been appointed chief pricing, underwriting and claims officer, Protection, with expanded responsibilities. Jane Cheng will be general manager, Protection, South-east Asia; Jonathan Sen, Australia; Mala Thurston, Europe; and Kenichi Kim, Korea and Japan.

AI & Machine LearningUK & Ireland

CRCommercial Risk29/10/26

MS Amlin introduces AI wording tool to speed up renewals

Lloyd's carrier MS Amlin is rolling out an AI-powered wordings tool that it expects will halve contract review times. The tool is described as helping underwriters respond to brokers more quickly and provide greater coverage clarity.

Distribution & EmbeddedGlobal

IEInsurance Edge29/10/26

Allianz Partners Teams Up With TUI Group

An ongoing partnership between TUI and Allianz is designed to provide comprehensive travel insurance across Europe.