Reinsurance News
As reinsurance rates continued to soften at the mid-year renewals, the return on equity (ROE) for full year 2025 is expected to decline from 2024, although remain above the cost of equity and at a higher level than during the most recent soft mark...
Posted: Jul 04, 2025
The Natural Disaster Fund (NDF), a public-private partnership managed by Global Parametrics, a CelsiusPro Group company, has gathered increased recognition for its innovative approach to provisioning parametric risk transfer coverage in fragile st...
Posted: Jul 04, 2025
Atradius, a global provider of credit insurance, bond and surety, collections and information services, has announced changes to the composition of its Management Board and the distribution of responsibilities. Andreas Tesch, currently Chief Marke...
Posted: Jul 04, 2025
U.S. property and casualty (P&C) insurers, particularly those exposed to long-tail casualty lines, are continuing to take proactive steps to address profitability challenges by refining underwriting strategies and enhancing claims management p...
Posted: Jul 04, 2025
AM Best expects the direct impacts of the recent military action in the Middle East on the insurance industry to be largely limited by war exclusions and narrowly defined policy triggers. In its recent report, AM Best noted that there has been no...
Posted: Jul 04, 2025
Pan-African reinsurer Continental Reinsurance has announced the appointment of Grace Wanja as Head of Underwriting for its Nairobi subsidiary. Wanja brings nearly 15 years of experience in the re/insurance industry. She joined Continental Re in Oc...
Posted: Jul 04, 2025
As wildfire risk continues to rise, portfolio managers need advanced analytics that not only identify property-specific risk but also integrate these insights across the insurance value chain to build greater resiliency, according to a recent repo...
Posted: Jul 04, 2025
The UK insurance market remained unchanged and buyer-friendly so far in 2025, with continued softening across most lines, though insurance buyers should remain mindful of broader global uncertainty and volatility that could impact the industry, ac...
Posted: Jul 04, 2025
Specialty MGA Africa and Middle East, the managing general agent providing additional capacity for specialty lines of business, has appointed Mohammed Rabie as Senior Underwriter for Property and Engineering, based in its Casablanca office. In his...
Posted: Jul 04, 2025
A $7.9 million drought insurance payout from the World Food Programme is providing relief to vulnerable, conflict-affected communities in Syria, which are now facing the worst drought in 50 years. As Reinsurance New understands, the policy covers...
Posted: Jul 04, 2025
Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Jasminder Kaur as Principal Officer – Malaysia. Kaur will report to Kevin Leung, Chief Underwriting Officer – Asia Pacific at Markel. In her new role, she w...
Posted: Jul 04, 2025
US primary insurer The Allstate Corporation has completed the previously announced sale of its Group Health business to Nationwide for $1.25 billion, with the transaction closing per the terms of the agreement executed on January 30th, 2025. Natio...
Posted: Jul 04, 2025
Willis, a WTW business, has announced the appointment of Daphne Duan Wheal as Director of Strategic Risk Consulting (SRC) for Asia. Based in Singapore, Daphne will lead the SRC practice across the region—a core component of Willis’ Engineering, Ri...
Posted: Jul 04, 2025
Previsico, the actionable flood warning insurtech, has called for collaboration between insurers, government, and industry to tackle the growing threat of extreme flooding globally during the London Climate Action Week, which took place last month...
Posted: Jul 04, 2025
Pan-European savings and retirement services group, Athora, has reached an agreement to acquire Pension Insurance Corporation Group Limited, the parent of Pension Insurance Corporation plc, a specialist insurer of UK defined benefit pension scheme...
Posted: Jul 03, 2025
Ki, the fully digital and algorithmically-driven Lloyd’s syndicate, has appointed Jacques Bonneau as Non-Executive Chair for Ki Financial Limited, effective July 1st, 2025. Bonneau, who retired in March 2024, previously served as President &...
Posted: Jul 03, 2025
The Inter-American Development Bank (IDB) has expanded disaster risk coverage by an additional $2 billion and introduced new instruments for both sovereign and private clients. The $2 billion expansion includes $1 billion for its Contingent Credit...
Posted: Jul 03, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Victoria Killingsworth as Senior Underwriter for Excess & Surplus (E&S) lines. In her new role, Killingsworth w...
Posted: Jul 03, 2025
The Guardian Life Insurance Company of America, one of America’s largest life insurers and providers of employee benefits, has partnered with Janus Henderson Group plc, a global asset manager. Under the terms of this agreement, Janus Henderson wil...
Posted: Jul 03, 2025
Global insurer Zurich Insurance Group has entered into an agreement to acquire BOXX Insurance Inc., a Toronto-based cyber insurance and risk management insurtech, which will be integrated into Zurich Global Ventures (ZGV). This acquisition is set...
Posted: Jul 03, 2025
The second quarter of 2025 was another record period for the catastrophe bond market, with issuance of $10.5 billion from 38 transactions comprised of 58 tranches of notes, ensuring that new annual records have been set for 144A property cat bond...
Posted: Jul 03, 2025
The insurance industry’s Fire Safety Reinsurance Facility, an initiative aimed at providing insurance coverage for multi occupancy buildings with fire safety issues, has increased its coverage limit from £50 million to £70 million, the Association...
Posted: Jul 03, 2025
In a recent interview with Reinsurance News, James Mahon, Reinsurance Pre-Sales Lead at DXC Technology, highlighted a persistent issue facing the re/insurance industry: the continued reliance on manual processes for managing ceded reinsurance. DXC...
Posted: Jul 03, 2025
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has announced the promotion of Hilary Weiss to Head of Americas, effective immediately. Weiss has been part of Liberty Mutual since 2018, when she joined the company as...
Posted: Jul 03, 2025
Around the annual meeting of the legacy re/insurance market in Brighton, UK, in May, we hosted our inaugural Legacy Market Roundtable, in partnership with global reinsurance company, Swiss Re, during which 11 experts from across the retrospective...
Posted: Jul 03, 2025