Global insurtech funding hit a seven-year low of $4.25 billion in 2024, marking a challenging year for the sector, though AI-focused companies showed resilience by securing $2.01 billion across 119 deals, according to Gallagher Re’s Global Insurtech Report. Total insurtech funding in 2024 — down 5.6 percent from $4.51 billion in 2023 — represents the … Read more
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Good morning. In today’s newsletter: China retaliates against Trump’s tariffs Microsoft poaches DeepMind staff behind AI podcast feature Bangladesh rewrites … Read more
Wall Street had a rough start to the week on concern that a cheaper artificial intelligence-model from China could threaten the dominance of US technology, spurring a sell-off in stocks and a flight to haven assets. From New York to London and Tokyo, equities got hammered, with the S&P 500 dropping 1.9 per cent and … Read more
Already in 2024, the dollar amount of new Rule 144A property catastrophe bonds issued and settled has reached the second-highest level on record, with almost $12.8 billion in completed property cat bond deals tracked in the Artemis Deal Directory so far this year.Using our charts you can analyse the mix of issuance we include in … Read more
Change Healthcare says it has notified approximately 100 million Americans that their personal, financial and healthcare records may have been stolen in a February 2024 ransomware attack that caused the largest ever known data breach of protected health information. Image: Tamer Tuncay, Shutterstock.com. A ransomware attack at Change Healthcare in the third week of February … Read more
