Crystal Venture Partners has closed $33 million Fund I, aimed to back early-stage companies modernising insurance, risk, and other complex systems through artificial intelligence (AI) and sector-specific innovation.

ICEYE, a provider of natural catastrophe solutions and insights, successfully launched three additional synthetic aperture radar (SAR) satellites on March 4th, 2024. These SARs include a 1200 MHz radar bandwidth in-orbit technology demonstrator that has upgraded ICEYE’s X-band antenna, increasing radar bandwidth to 1200 MHz and enabling 25 cm imaging.

Willis, a business of insurance and reinsurance broker WTW, has established a dedicated Data Centre Industry Practice for Asia,  with Lay See Ong appointed to lead the new unit as Practice Leader in Asia, based in Singapore.

In response to recent climate disasters, the 2024/25 drought and Tropical Cyclone Chido, the African Risk Capacity (ARC) Group made a combined parametric insurance payout of $5.4 million to the Government of the Republic of Mozambique and the World Food Programme (WFP).

Speaking at Hannover Re’s Investors’ Day 2025, Sven Althoff, Member of the Executive Board for Property & Casualty, said that while some areas of the market may see a slight softening in 2026, overall pricing is expected to remain at an adequate level.