Owen, an insurtech specialising in embedded insurance, has partnered with Assurant to provide insurance capacity for Swan, Europe's leading embedded banking platform. The collaboration enables Swan to integrate travel insurance and fraud protection directly into its card products across France and Europe. Under the arrangement, Assurant serves as the risk carrier, Owen acts as broker and third-party administrator, and Allianz provides assistance services. The programme launched in April 2026 with Swan, which processes approximately €2 billion in monthly transactions across 30 European countries and serves over 150 companies including Pennylane, Indy and Agicap. The partnership allows Swan's partners to offer embedded insurance natively within their card products, eliminating months of integration work and complex regulatory requirements.

Assurant reported first-quarter 2026 net operating income of $5.95 per share, beating the Zacks Consensus Estimate by 10.2% and rising 76% year over year. Total revenues increased 11.4% to $3.4 billion, surpassing estimates by 4.4%. Results benefited from lower reportable catastrophes, solid performance in Global Lifestyle and Global Housing, and earnings growth across Connected Living and Global Automotive. Net investment income jumped 27.9% to $159.6 million. Global Housing revenues rose 11.5% to $769.8 million, whilst adjusted EBITDA doubled to $236.7 million, primarily due to lower catastrophe losses. Global Lifestyle revenues increased 11.3% to $2.6 billion, with adjusted EBITDA up 20% to $236.7 million, driven by subscriber growth in mobile protection and improved automotive loss experience.

Assurant, an insurance services company, is set to report first-quarter earnings on Tuesday after market close. Analysts expect revenue to grow 7.1% year on year, in line with the 6.7% increase recorded in the same quarter last year. Last quarter, Assurant beat revenue expectations with $3.35 billion, up 7.9% year on year, though it narrowly beat earnings per share estimates. Most analysts have reconfirmed their estimates over the past 30 days. Peers in the property and casualty insurance segment have shown strong performance, with Stewart Information Services reporting 27.7% revenue growth and First American Financial up 16.2%, both exceeding expectations. The sector has seen positive investor sentiment, with share prices up 3.2% on average over the past month. Assurant shares have risen 6.8% during that period.