Reinsurance News
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) set a new benchmark in 2024, contributing $1,210,566,922 to Bermuda’s economy, and employing a record number of Bermudians, according to the association’s 20th Ann...
Posted: Nov 11, 2025
According to Active Re’s 2024 Annual Report, the global reinsurer is transforming its retrocession approach, moving from a transactional model to a more strategic, integrated framework. This change is designed to improve capital efficiency, optimi...
Posted: Nov 11, 2025
Ambac Financial Group, Inc. has rebranded as Octave Specialty Group, Inc. (Octave), a global specialty insurance firm, while its Everspan Group businesses will continue to operate under their existing brands. The company will begin trading under i...
Posted: Nov 11, 2025
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, and KazakhExport, the Export Credit Agency of the Republic of Kazakhstan, hav...
Posted: Nov 11, 2025
Property and casualty insurer Chubb Limited has appointed Susan Spivak as Senior Vice President (SVP) of Investor Relations, effective November 17th, 2025. Spivak is an industry veteran with more than two decades of experience in senior investor r...
Posted: Nov 11, 2025
For the third quarter of 2025, average premium renewal rates have increased across all major commercial lines of business year over year, except Workers’ Compensation, according to the latest Ivans Index. However, the overall trend for Q3 2025 was...
Posted: Nov 11, 2025
The third quarter 2025 results of Applied Systems’ Applied Rating Index show that average premiums for both personal auto and personal property lines in Canada increased year over year. In Q3’25, the personal auto premium rate change increased 15....
Posted: Nov 11, 2025
Prestige Underwriting, a specialist managing general agent (MGA), has announced the promotion of Carl McComb to Underwriting and Pricing Director. In his new role, McComb will set the firm’s underwriting strategy, develop and implement strategic g...
Posted: Nov 11, 2025
Davies, a specialist professional services and technology firm serving the insurance market, has signed an agreement to acquire SCM Insurance Services (SCM), Canada’s largest claims processing and risk solutions provider. As part of this acquisiti...
Posted: Nov 11, 2025
Howden, an insurance and risk advisory group, has agreed to acquire Evelyn Partners Financial Services Limited, the employee benefits consultancy division of Evelyn Partners, a UK-based wealth management and professional services firm. The acquisi...
Posted: Nov 11, 2025
Global reinsurance brokerage Gallagher Re has announced the appointment of Alexander Lowry as Executive Director, Global Credit, Surety and Political Risk Product. “Alex brings extensive experience in underwriting Credit, Surety and Political Risk...
Posted: Nov 11, 2025
FutureProof Technologies, a venture-backed insurtech startup, has entered into a definitive agreement to acquire Terrafuse AI, a provider of wildfire risk analytics. The acquisition combines FutureProof’s AI-powered underwriting and pricing platfo...
Posted: Nov 11, 2025
Despite it still being early days, Christoph Jurecka, Chief Financial Officer at Munich Re, has estimated that the firm’s losses related to Hurricane Melissa will reach the mid-triple-digit million-euro range. During Munich Re’s Q3 2025 earn...
Posted: Nov 11, 2025
Insurance holding company Ambac Financial Group, Inc. has reported organic revenue growth of 40% in its Insurance Distribution segment, as total revenue grew by 80% to $43 million for the quarter, compared to $24 million in Q3’24. For the Insuranc...
Posted: Nov 11, 2025
International specialist insurer Hiscox has released updated estimates for Syndicate 33’s and Syndicate 6104’s 2023 and 2024 accounts. For the 2023 year of account, Hiscox now estimates that Syndicate 33 will generate a return of 12% to 22% on its...
Posted: Nov 11, 2025
Insurance and reinsurance broking firm Aon has launched Claims Copilot, an artificial intelligence-enabled single, integrated platform to enhance client outcomes, bringing together expert advocacy and advanced technology. Aon Claims Copilot reflec...
Posted: Nov 11, 2025
Lockton, an independent insurance broker, has expanded its operations into the Kingdom of Saudi Arabia and appointed Mohammad Al Abdul Jabbar as Chief Executive Officer (CEO) for its retail operations in the region. This expansion is part of the b...
Posted: Nov 11, 2025
Munich Re, one of the world’s largest reinsurance companies, has confirmed its annual guidance of €6 billion for the 2025 financial year, after generating an improved net result for both the third quarter and first nine months of the year, w...
Posted: Nov 11, 2025
Willis Re, a specialised reinsurance broker, reports that two parametric risk transfer deals have recently drawn attention after confirming swift payouts to Jamaica. Hurricane Melissa activated the country’s $150 million World Bank sovereign bond,...
Posted: Nov 11, 2025
U.S. Risk, a specialty lines underwriting manager and wholesale broker, and program administrator, Safehold Special Risk, are combining business operations under a new unified brand, Innovation Growth Partners Specialty, LLC (IGP Specialty). The m...
Posted: Nov 11, 2025
Berkshire Hathaway Specialty Insurance (BHSI), a commercial property and casualty insurer that provides tailored solutions to businesses of all sizes, has appointed Frederic de Blieck as Country Manager for Belgium, continuing in his current role...
Posted: Nov 11, 2025
Gartner, Inc., a research and advisory company providing insights on business and technology trends, reports that the slow-growth economic environment, driven by tariff-related trade tensions and other factors, emerged as the top concern among ent...
Posted: Nov 10, 2025
Hadron, a hybrid carrier that provides insurance capacity and fronting services to MGAs for specialty insurance coverage, has announced plans to enter the European Union (EU) in early 2026. This decision builds upon a year of substantial growth in...
Posted: Nov 10, 2025
Specialist Lloyd’s broker New Dawn Risk has appointed George Brooke as a Senior Broker within its Management Liability & Financial Institutions team. In his new role, Brooke will be based in London and report to Jack Keilty, Head of Management...
Posted: Nov 10, 2025
P&C insurance holding company Kingstone Companies has released its financial results for the third quarter of 2025, reporting a net income of $10.9 million, a 56% increase from the $6.9 million seen a year earlier. Kingstone’s net combined rat...
Posted: Nov 10, 2025