Reinsurance News

Milliman, a consulting and actuarial firm, reports that the US property & casualty (P&C) insurance industry achieved its strongest underwriting performance since 2013 in 2024. The net combined ratio (NCR) for the year stood at 96.6, repres...

Posted: May 16, 2025

Marsh McLennan, a global insurance and reinsurance broker, has elected the entire slate of 2025 director nominees at its 2025 Annual Meeting of Stockholders. The eleven members have been elected for a one-year term expiring at next year’s annual m...

Posted: May 16, 2025

WTW, an advisory, broking, and solutions firm, has revealed its latest Global Supply Chain Risk Survey, capturing a major pivot in how large corporations are approaching supply chain risk in 2025. The report, based on responses from 1,000 senior e...

Posted: May 16, 2025

Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the appointment of Lukas Müller as a Chairman MEA, effective September 1, 2025. Based in Zurich, Müller brings significant experience in client engagement across all lines...

Posted: May 16, 2025

Insurance and reinsurance broking group Gallagher has announced the appointment of Sanjay Mehra as Head of Marine in India. Mehra, who has 15 years in the insurance industry, with a strong focus on marine specialty, is joining the company from Aon...

Posted: May 16, 2025

Year-to-date, reinsurance giant Swiss Re has seen a net price reduction of 1.5%, and although it’s clear the reinsurance sector is at the beginning of a softening cycle, it’s still an attractive marketplace, according to Anders Malmstr...

Posted: May 16, 2025

International specialist insurer Hiscox has appointed Jane Guyett to the role of Senior Independent Director with immediate effect. Guyett succeeds Lynn Pike following the conclusion of the 2025 Annual General Meeting, at which both Pike and fello...

Posted: May 16, 2025

USAA, a provider of insurance, banking, and financial services for military members and their families, has announced the appointment of Brian Goldman as its new Chief Risk Officer, effective May 27th, 2025. With nearly 30 years of experience in g...

Posted: May 16, 2025

Global reinsurer Swiss Re generated net income of $1.3 billion for the first quarter of 2025, an increase of 16% year on year with a solid performance across life and health (L&H) and property and casualty (P&C) reinsurance, despite the la...

Posted: May 16, 2025

Slide Insurance, a technology-enabled insurance firm, has finalised pricing for its $250 million Purple Re Ltd. (Series 2025-1) catastrophe bond, the fourth and largest issuance from the company to date. The firm confirmed that the Series 2025-1 c...

Posted: May 16, 2025

Private equity firm GTCR has signed a definitive agreement to acquire leading UK insurance broker JMG Group, in partnership with existing European mid-market investor Synova. The transaction is expected to close in the third quarter of 2025. Headq...

Posted: May 16, 2025

As the Lloyd’s marketplace charts its course through a more uncertain environment, Q2 2025’s Market Message came with a clear directive: “We aren’t risk off, but we are risk aware.” At the heart of this quarter’s address was Patrick Ti...

Posted: May 15, 2025

Kin, the direct-to-consumer home insurance company, has announced its financial results for the first quarter of 2025, reporting $47 million in total revenue, up from $34.9 million in Q1 2024, with California emerging as a substantial growth drive...

Posted: May 15, 2025

West of England P&I Club, an insurance provider to the global maritime and offshore industries, has delivered strong results for the 2024-25 financial year amid market challenges. The firm’s combined ratio of 103.9% for the year was impa...

Posted: May 15, 2025

AM Best, the credit rating agency, has expressed cautious support for a new European Union proposal to create a public-private reinsurance scheme focused on natural catastrophe risks. While the credit rating agency sees potential benefits for the...

Posted: May 15, 2025

The Allstate Corporation has revealed estimated catastrophe losses for April 2025 of $594 million or $469 million, after-tax. According to the firm, catastrophe losses for April 2025 included 11 events, with approximately 60% of the losses related...

Posted: May 15, 2025

Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Stephanie Belcourt as Head of Complex Claims. The appointment reiterates the continued investment in the claims provision, which aligns with Rokston...

Posted: May 15, 2025

Angelo Colombo has been appointed as Chief Executive Officer of American International Group (AIG) Latin America and the Caribbean (LAC), effective June 2, 2025, subject to regulatory approval. Colombo joins AIG from Swiss Re Corporate Solutions,...

Posted: May 15, 2025

According to a recent survey by the Lloyd’s Market Association (LMA), the full potential of artificial intelligence (AI) and machine learning (ML) in actuarial and risk management remains untapped, with significant progress still needed in their a...

Posted: May 15, 2025

AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has strengthened its Indian Branch with the appointments of Saurabh Bhootara, Priya Manchanda, Vinod Kumar, Saumitra Sharma, and Akash Jain in Mumbai. T...

Posted: May 15, 2025

Conduit Re, a Bermuda-based reinsurer specialising in property, casualty, and specialty lines, has made some notable changes to its outward reinsurance strategy, aiming to better shield its portfolio from increasingly volatile secondary perils suc...

Posted: May 15, 2025

Reinsurance broker Gallagher Re has announced the appointment of Henrik Hoppendorff as Senior Facultative Broker, EMEA. Based in Stockholm, Hoppendorff will be working within the Nordic team, but also serving the broader EMEA region. His 14 years...

Posted: May 15, 2025

British insurer Aviva has reported general insurance (GI) premium growth of 9% to £2.9 billion in the first quarter of 2025, compared to £2.7 billion in the comparative prior year quarter. Country-wise, UK&I GI premiums grew by 12% to £2 billi...

Posted: May 15, 2025

Insurance Advisory Partners (IAP), the specialised investment bank focused exclusively on insurance, insurance services, and the insurtech industry, has announced the appointment of Benjamin James as Partner in the firm’s London office, effective...

Posted: May 15, 2025

Despite significant large loss payments, Talanx generated group net income of €604 million in Q1 2025, the strongest quarterly result in its history, highlighting its robust position with a balanced mix of Primary Insurance and Reinsurance. Accord...

Posted: May 15, 2025