Reinsurance News

Berkshire Hathaway overhauls insurance leadership, Nancy Pierce named GEICO CEO

Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has named Nancy L. Pierce as Chief Executive Officer (CEO) of GEICO, effective immediately. She currently serves as Chief Operating Officer of GEICO and, since joining th...

Posted: Dec 08, 2025

Summit Commercial Solutions secures $7.5m Series A investment

Sorathia Holdings and Greenlight Re Innovations have joined as new investors for a Series A round of investment led by a group of strategic insurance and technology investors, including existing investor IA Capital which has invested $7.5 million...

Posted: Dec 08, 2025

Bobby Le Blanc to retire from Ryan Specialty’s Board as Onex fully exits investment

Following Onex Corporation’s sale of its remaining shares of Ryan Specialty Holdings, Inc., an international specialty insurance firm, Bobby Le Blanc will retire from his position on the Board of Directors, effective February 11th, 2026. Le Blanc,...

Posted: Dec 08, 2025

2025 marks fifth year in a row of $100bn+ cat claims, less damaging for reinsurers: J.P. Morgan

2025 will mark the fifth consecutive year in which global catastrophe claims have exceeded $100 billion, but this has been less damaging for reinsurers due to a shift in who is responsible for paying claims, with reinsurers remaining in line with...

Posted: Dec 08, 2025

Norman joins Aon’s Global ReSpecialty division as Senior Broker

Insurance and reinsurance broking firm Aon has announced the appointment of Richard (Dickie) Norman as a Senior Broker within its Reinsurance Solutions Global ReSpecialty Property Team, effective January 1, 2026. Global ReSpecialty is Aon’s specia...

Posted: Dec 08, 2025

Hildene Capital Management to acquire SILAC for $550m

Hildene Capital Management, LLC, a credit-focused alternative asset manager, has signed a definitive agreement to acquire SILAC, Inc., the parent company of SILAC Insurance Company. Founded in 1935, SILAC provides fixed and fixed indexed annuity p...

Posted: Dec 08, 2025

Aon appoints Ben Jones as Chief Operating Officer, APAC

Insurance and reinsurance broking firm Aon has appointed Ben Jones as its new Chief Operating Officer (COO) for Asia Pacific (APAC), effective December 8th, 2025, based in Singapore. In his new role, Jones will be partnering with the broker’s regi...

Posted: Dec 08, 2025

Fitch maintains ‘neutral’ outlook for US P&C insurance sector amid strong profitability

Fitch Ratings maintains a ‘neutral’ fundamental sector outlook for the US property/casualty (P&C) insurance sector in 2026, as well as for both commercial and personal lines. This assessment is based on the sector’s solid starting position for...

Posted: Dec 08, 2025

Compre signs LPT Agreement with French insurer Wakam

Compre Group Holdings Limited, the Bermuda-domiciled international specialist reinsurance group, has signed a Loss Portfolio Transfer (LPT) agreement with French insurer Wakam S.A. (Wakam). Wakam is a B2B2C insurance company that designs tailor-ma...

Posted: Dec 08, 2025

ICEYE secures new funding to boost capabilities valued by re/insurance market

ICEYE, a world leader in synthetic aperture radar (SAR) satellite systems, has secured €150 million in new funding and a €50 million secondary placement, led by General Catalyst with broad pan-European participation, valuing the company at €2.4 bi...

Posted: Dec 08, 2025

Reinsurance News Bermuda Legacy Market Roundtable 2025

In November, we hosted a legacy re/insurance market roundtable, in partnership with RiverStone International, in Hamilton, Bermuda, which saw nine experts and leaders from across the run-off world debate current market dynamics, challenges, and op...

Posted: Dec 08, 2025

Firms continue to see attractive opportunities in property cat reinsurance: TD Cowen

Despite ongoing pricing pressures, the management teams TD Cowen spoke with ahead of the January 1, 2026, renewals continue to see attractive opportunities in property catastrophe reinsurance. According to the firm, commentary during its trip on p...

Posted: Dec 08, 2025

AM Specialty Insurance Company obtains UK regulatory authorisation

AM Specialty Insurance Company (UK) (ASIC UK) has now been authorised by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to conduct regulated insurance activities in the UK, becoming the first insurer to be auth...

Posted: Dec 08, 2025

HDI Global names Peter Schraa as Head of Marine, Singapore

HDI Global, an international insurer specialising in commercial and industrial clients, has appointed Peter Schraa as its new Head of Marine in Singapore, effective December 1st, 2025. This appointment aligns with the insurer’s ambitions to...

Posted: Dec 08, 2025

Ageas acquires remaining stake in AG Insurance from BNP Paribas Fortis

International insurance group Ageas has acquired the remaining 25% stake in its Belgian subsidiary, AG Insurance, from BNP Paribas Fortis for a total consideration of €1.9 billion. With this transaction, which is expected to close in Q2’26, Ageas...

Posted: Dec 08, 2025

Allianz and Oaktree launch new reinsurance syndicate at Lloyd’s

Global insurer Allianz has secured multi-year, AA-rated capacity via a partnership with Oaktree Capital Management L.P. which will see the investment manager establish a new reinsurance syndicate at the specialist Lloyd’s insurance and reins...

Posted: Dec 08, 2025

Andreas Ehrencrona joins AHJ Miller as Head of Fac for Nordic region

Independent specialist re/insurance broker Miller has named Andreas Ehrencrona Head of Facultative for the Nordic region at its reinsurance business, AHJ Miller. In the new role, Ehrencrona will be responsible for growing and developing the busine...

Posted: Dec 08, 2025

IAIS report flags rising private credit exposure, geoeconomic pressures and expanding AI use

The International Association of Insurance Supervisors (IAIS), a global body representing insurance supervisory authorities from more than 200 jurisdictions, has issued its Global Insurance Market Report (GIMAR) 2025, providing an overview of key...

Posted: Dec 08, 2025

Insurers expected to introduce GenAI liability exclusions: Evercore ISI

Evercore ISI expects more insurers to introduce policy language specifically excluding claims arising from generative AI (GenAI) to protect against silent coverage. In a recent report, Evercore ISI noted that the growing use of GenAI and large lan...

Posted: Dec 08, 2025

Erik Wrobel joins Resilience as Chief Product Officer

Cyber risk company Resilience has announced the appointment of Erik Wrobel as Chief Product Officer, responsible for product management, UX design, and engineering. Wrobel has a strong background in product and technology leadership, with a proven...

Posted: Dec 08, 2025

Property Guardian and BurnBot partner to mitigate wildfire exposure and enhance insurability

Property Guardian, a provider of wildfire risk analytics and mitigation intelligence and part of Green Shield Holdings, has partnered with BurnBot, a platform for wildfire prevention, to deliver data-driven wildfire mitigation and property risk re...

Posted: Dec 08, 2025

We can show unequivocally that Florida’s insurance market has stabilised: Mike Yaworsky

Speaking recently at the 2025 Florida Chamber Insurance Summit, the state’s Insurance Commissioner, Mike Yaworsky, emphasised the importance of tort reforms and the positive impact on Florida’s insurance market, but warned against turn...

Posted: Dec 05, 2025

Majesco to quadruple AI investment to expand, accelerate P&C roadmap

Majesco, a technology provider known for its cloud-native and AI-native solutions for Property & Casualty and Life & Annuity/Health insurers, has reinforced its dedication to the P&C sector with plans for expanded investment and an acc...

Posted: Dec 05, 2025

ASIC & ASIL get revised positive outlooks from AM Best

Credit ratings agency AM Best has revised the outlooks of Ategrity Specialty Insurance Company (ASIC) and its affiliate, Ategrity Specialty Insurance Limited (ASIL), to positive from stable, reflecting its “very strong” balance sheet supported by...

Posted: Dec 05, 2025

Mitsui Sumitomo Insurance acquires at least 12.5% of W. R. Berkley shares

Mitsui Sumitomo Insurance Co., Ltd. (MSI), a Japanese property and casualty (P&C) insurance carrier, has acquired beneficial ownership of at least 12.5% of W. R. Berkley Corporation’s common stock. This move follows MSI’s agreements with...

Posted: Dec 05, 2025