Reinsurance News

AM Best adjusts US excess and surplus lines segment outlook to stable

Credit rating agency AM Best has updated its outlook for the US excess and surplus (E&S) lines insurance market from positive to stable, reflecting slower premium growth and the beginning of rate softening. The agency reported that rate increa...

Posted: Nov 18, 2025

Lockton Re welcomes Scaife to its International Casualty Fac Practice

Lockton Re, the reinsurance business of independent insurance broker Lockton, has announced that Claire Scaife has joined its International Casualty Facultative Practice in London As Casualty Facultative Broker Scaife will be working alongside Rac...

Posted: Nov 18, 2025

Morgan Stanley expects P&C pricing to face continued pressure at Jan renewals

Morgan Stanley analysts expect Property & Casualty pricing to continue facing pressure heading into January 1, 2026 renewals, following a similar trend to 2025. Reinsurance pricing continued to soften, reflected in weaker top-line growth acros...

Posted: Nov 18, 2025

Africa Re reports net profit of $142.65m in Q3’25 despite increased claims activity

African Reinsurance Corporation has disclosed a net profit after tax for Q3 2025 of $142.65 million, marking an increase of 8.54% year-on-year. According to the firm, this “historical record” was driven by a significant reduction in foreign exchan...

Posted: Nov 18, 2025

Prudential backed Prismic Life raises $1.3bn to expand its reinsurance platform

Prismic Life Holding Company, LP (Prismic) has raised $1.3 billion in its third successful capital raise, sponsored by Prudential Financial, Inc. (PFI) and Warburg Pincus, and supported by participation of a global consortium of investors, providi...

Posted: Nov 18, 2025

SageSure to underwrite policies issued by Trium Syndicate 1322 after receipt of Lloyd’s Coverholder...

Large, US catastrophe-exposed focused managing general underwriter (MGU), SageSure, is now an official Coverholder and Delegated Claims Administrator (DCA) at Lloyd’s after approval from the marketplace, enabling the firm to underwrite policies is...

Posted: Nov 18, 2025

Liberty General Insurance introduces Surety Solutions in India

Liberty General Insurance Ltd., part of the Liberty Mutual group, a long-standing insurance organisation, has introduced Surety Insurance in India. The move follows the IRDAI framework that allows Surety products to function alongside bank guarant...

Posted: Nov 18, 2025

TMK appoints Cesar Silvestre as Head of Cyber Reinsurance Solutions

Tokio Marine Kiln (TMK), a global specialty insurer, has announced the appointment of Cesar Silvestre as Head of Cyber Reinsurance Solutions. The appointment follows TMK’s September launch of its enhanced flagship cyber offering, TMK Cyber Ctrl, w...

Posted: Nov 18, 2025

Aon unveils framework to accelerate re/insurer investment in sustainable energy

With global premiums forecast to exceed $9 billion by 2030, Aon has launched the Low-Carbon Transition Framework for Insurers, a seven-step process aimed at driving re/insurer engagement with the sustainable energy sector, which, through their cap...

Posted: Nov 18, 2025

Jenner to lead Howden’s new Global Financial Sponsors division

Emily Jenner has joined Howden as Managing Director (MD) of its new Global Financial Sponsors (GFS) division, a specialist practice for large private equity and alternative investment clients. As MD, Jenner will run a dedicated team focused on sup...

Posted: Nov 18, 2025

LMA appoints six new members to its Next Gen Legal Committee

The Lloyd’s Market Association (LMA) has announced the appointment of six new members to its Next Gen Legal Committee. The committee brings together legal leaders to foster collaboration across the market. Members will contribute to essential proj...

Posted: Nov 18, 2025

Insurers flag SCS as top threat in new Demex survey

According to a survey commissioned by reinsurance MGA Demex, insurance company executives consider severe convective storms (SCS) to be the top peril in terms of balance-sheet impact, underscoring aggregate loss coverage for working-layer property...

Posted: Nov 18, 2025

Doha Insurance expands regional footprint with new Saudi Arabia branch

The Doha Insurance Group (DIG), a provider of insurance and reinsurance solutions in the Middle East and North Africa region, has obtained approval from the Qatar Central Bank to establish a new branch in the Kingdom of Saudi Arabia. The new branc...

Posted: Nov 18, 2025

Hannover Re names Yan Sun as Head of Life & Health, Greater China

As part of its ongoing growth strategy in Asia, Hannover Re has appointed Yan Sun as Head of Life & Health, Greater China. Based in Hong Kong, Sun will oversee the firm’s Life & Health operations across Greater China, a pivotal market in H...

Posted: Nov 18, 2025

UK life insurers ‘resilient’ to severe financial markets stress: PRA’s LIST 2025

Major UK life insurers, particularly the eleven largest firms active in the bulk purchase annuity (BPA) market, are resilient to a severe but plausible financial markets stress scenario, according to the recently published Prudential Regulation Au...

Posted: Nov 18, 2025

French insurance sector stabilises, but political uncertainty looms: Moody’s

Moody’s, the credit rating agency, has revised its outlook on France’s insurance industry, signalling a shift to stability in the property and casualty (P&C) segment while maintaining a stable view on the life insurance sector. The agency note...

Posted: Nov 18, 2025

Rob Malone promoted to US Head of Cyber at AXA XL

Rob Malone has served as Head of Large Accounts and Portfolio Management since January 2025, but effective immediately, takes on the role of US Head of Cyber at AXA XL, the property and casualty division of global insurer AXA Group. In his new rol...

Posted: Nov 18, 2025

Gary Haase joins Everest as CEO of Legacy Operations

Bermuda-based insurer and reinsurer, Everest Group, has appointed Gary Haase as Executive Vice President (EVP) and Chief Executive Officer (CEO) of Legacy Operations, effective December 1st, 2025. Haase reports to Jim Williamson, Everest’s Preside...

Posted: Nov 18, 2025

MGA Augmented names Luke Overall as Head of Underwriting

Augmented, a tech-powered managing general agent (MGA) launched in July 2025, has announced the appointment of Luke Overall as Head of Underwriting. In his new role, Overall will lead the underwriting team, working closely with brokers and carrier...

Posted: Nov 18, 2025

EMEA insurance market is softening, abundant capacity driving price reductions: Aon

The insurance market across Europe, the Middle East, and Africa (EMEA) is experiencing a notable softening, with price reductions increasingly available for preferred and well-managed risks across most geographies and lines of business, driven by...

Posted: Nov 18, 2025

Douglas Turk named President, Specialty Lines at Relation Insurance Services

Relation Insurance Services, a full-service insurance brokerage, announced that Douglas Turk has joined the company as President, Specialty Lines, overseeing the growth and development of Relation’s specialty business. Turk brings more than 20 yea...

Posted: Nov 18, 2025

Lockton strengthens Switzerland presence with new offices in Zurich and Geneva

Global insurance broker Lockton has announced the establishment of new offices in Zurich and Geneva, strengthening its presence in Switzerland, with Stephan Bachmann appointed CEO of Lockton Switzerland GmbH. The expansion follows years of success...

Posted: Nov 18, 2025

AM Best revises DUAE segment outlook to stable amid moderating growth

AM Best has revised its market outlook for the delegated underwriting authority enterprise (DUAE) segment to stable from positive, driven by moderating growth and emerging headwinds. Despite the shift, insurers and reinsurers remain broadly optimi...

Posted: Nov 17, 2025

Willis and NATS partner to deliver aviation risk and resilience solutions

Willis, a WTW business, has partnered with NATS, a UK provider of air traffic control services, to provide risk and resilience advisory services and tailored solutions to global aviation stakeholders. Under the partnership, Willis and NATS have si...

Posted: Nov 17, 2025

UK life and non-life insurance premium growth set to slow in 2026: EY

Growth in life and non-life insurance premiums is projected to decelerate in 2026 amid a slowing UK economy and softening household incomes, according to a new EY ITEM Club report. EY expects overall UK non-life premium growth to ease from 4.6% in...

Posted: Nov 17, 2025