Reinsurance News

Discipline remains crucial amid market softening: UIB CEO Barrington

Although the past two years have seen relatively calm catastrophe seasons, they differ in terms of market dynamics, according to UIB CEO Shaun Barrington, speaking at RVS 2025 in an interview with Reinsurance News. He believes the broader insuranc...

Posted: Sep 24, 2025

Munich Re Ventures backs Insify as it raises €16.3m in Series B funding

Insify, the digital insurance platform for entrepreneurs, has raised €16.3 million in Series B funding, led by Evli Growth Partners, with continued support from Munich Re Ventures, Accel, Opera Tech Ventures, Visionaries Club, and Frontline Ventur...

Posted: Sep 24, 2025

TD Cowen’s London reinsurance takeaways show profitability amid softer rates

TD Cowen, an investment bank and financial services firm, shared key observations from recent meetings in London with reinsurance market participants. The firm reported that property-catastrophe rates are expected to continue softening, with estim...

Posted: Sep 24, 2025

Aon expands Transition Performance Index to support insurers’ underwriting decisions

Aon, the global insurance and reinsurance broker, has expanded its transition analytics offering with the launch of the TPI Portfolio, an enhancement to its existing Transition Performance Index (TPI). The broker explains that this expanded capabi...

Posted: Sep 24, 2025

Cédric Wells to lead Sompo Claims, Insurance for Continental Europe

Sompo, a global provider of property, casualty, and specialty re/insurance, has announced the appointment of Cédric Wells as Head of Claims, Insurance, Continental Europe, effective immediately. In his new role, Wells will leverage his 25 years of...

Posted: Sep 24, 2025

CFC’s new hire Stoloff to enhance underwriting offering in Asia Pacific

CFC, a specialist insurance provider, has announced the appointment of Danton Stoloff as Senior Underwriter for transaction liability in Australia. Based in Sydney, Stoloff will be responsible for expanding CFC’s transaction liability offering acr...

Posted: Sep 24, 2025

Howden urges cyber premium pool growth in softening market cycle

A new report from Howden has underlined the urgent need for scaled cyber risk transfer in Europe, where increasingly complex and costly threats collide with low insurance uptake, while also highlighting the strong return on investment from effecti...

Posted: Sep 24, 2025

AM Best warns of heavy strain on Nepal’s insurance industry after Kathmandu riots

Credit rating agency AM Best has warned that Nepal’s non-life insurance market could face serious financial stress following recent riots in Kathmandu. The agency notes that even moderate claims can weigh heavily on the small-sized industry, which...

Posted: Sep 24, 2025

Tower lifts cat cover to NZ$915m as CEO cites risk-based pricing advantage

New Zealand-based insurer Tower has renewed its reinsurance programme for the financial year ending September 2026, increasing its catastrophe cover limit to NZ$915 million from NZ$800 million in 2025. According to the Kiwi insurer, the renewal se...

Posted: Sep 24, 2025

Royal London completes £61m BPA with Stora Enso UK Group Pension Scheme

Royal London, a UK provider of mutual life, pensions and investment, has completed a £61 million bulk purchase annuity (BPA) transaction with the Stora Enso UK Group Pension Scheme, securing the benefits of 758 members. The latest buy-in marks the...

Posted: Sep 24, 2025

Tokio Marine Kiln introduces enhanced Cyber Ctrl insurance suite

Tokio Marine Kiln (TMK), a specialist insurer, has launched an updated version of its Cyber Ctrl product suite. The new offering includes expanded products and revised wordings, such as the new Professional Ctrl policy for Technology, Media, and E...

Posted: Sep 24, 2025

John Gorman to serve as Head of Facultative and Facilities at Ryan Re

Ryan Specialty, an international specialty insurance firm, has appointed John “JJ” Gorman as Head of Facultative and Facilities for Ryan Re Underwriting Managers (Ryan Re), effective October 1st, 2025. Ryan Re is the insurer’s ma...

Posted: Sep 24, 2025

GreenieRE Coalition & Trellis Climate launch Vensurety for climate companies

GreenieRE Coalition, a reinsurer focused on insurance innovation for the energy transition, and Trellis Climate, an impact-first, catalytic capital program investing in early climate infrastructure projects, have launched Vensurety, an impact-firs...

Posted: Sep 24, 2025

SRG names Sasa Brcerevic as Group Chief Commercial Officer

Specialist Risk Group (SRG), a specialist insurance group, has announced the appointment of Sasa Brcerevic as its first Group Chief Commercial Officer, effective 1 November 2025. Brcerevic brings a broad and varied background across the insurance...

Posted: Sep 24, 2025

US P&C insurers boost profitability in H1’25 despite cat losses: Moody’s

Moody’s Ratings, the credit rating agency and research firm, reported that US property and casualty insurers delivered stronger profitability in the first half of 2025, even as California wildfires in the first quarter drove substantial catastroph...

Posted: Sep 23, 2025

Lloyd’s sees rising standards and cautious expansion amid competitive pressure: TD Cowen

TD Cowen, an investment bank and financial services firm, recently hosted a field trip to London with senior management from Arch Capital (ACGL), Ascot, Canopius, Everest Group (EG), Hiscox, Howden Re, Inigo, Intact, Lancashire, and Sirius Point....

Posted: Sep 23, 2025

HDI Global USA names Bruce Griffin as Head of Casualty

HDI Global Insurance Company (HGIC), the US arm of international Corporate & Specialty insurer HDI Global (HDI), has appointed Bruce Griffin as Head of Casualty. Griffin brings over 30 years of underwriting and leadership experience. Most rece...

Posted: Sep 23, 2025

Florida’s Praxis Reciprocal Exchange obtains OIR license

A newly established Florida domiciled property insurer, Praxis Reciprocal Exchange (PRE), has received its certificate of authority from the Florida Office of Insurance Regulation (OIR). PRE will operate as a reciprocal insurer, owned by its polic...

Posted: Sep 23, 2025

MetLife acquires 20% of LatAm insurtech Klimber

Global insurer MetLife has acquired a 20% stake in insurtech Klimber, a partnership that aims to transform how insurance is accessed and distributed throughout Latin America. This achievement, the firm stated, strengthens Klimber’s position...

Posted: Sep 23, 2025

Radian’s acquisition of Inigo to increase diversification & growth opportunities: S&P

S&P Global Ratings has indicated that Radian’s recent $1.7 billion acquisition of Lloyd’s specialty insurer Inigo could enhance the diversification of its business and create growth opportunities that are currently constrained within its U.S....

Posted: Sep 23, 2025

Marsh McLennan names Kim Abildgaard as CEO of Denmark

Global insurance and reinsurance broker Marsh McLennan has promoted Kim Abildgaard to Chief Executive Officer (CEO) of its Denmark operation, effective October 1st, 2025. Abildgaard, who succeeds Dorothee Gnaedinger, most recently served as interi...

Posted: Sep 23, 2025

Geopolitical uncertainty, supply chain disruption & inflation, top risks for business leaders: Beazl...

In today’s fast-changing global environment, there has been a sharp and rapid shift in how global leaders are prioritising risk, with geopolitical uncertainty, supply chain disruption and inflation becoming top concerns, a recent Beazley sur...

Posted: Sep 23, 2025

Davies names Adam Warwick as Group Chief Information Officer

Davies, a specialist in professional services and technology solutions for insurance, financial services, and other regulated industries, has announced the appointment of Adam Warwick as Group Chief Information Officer (CIO). Warwick joins from Br...

Posted: Sep 23, 2025

Third-party cyber risks among most significant threats to operational resilience: Acrisure

A new report authored by Acrisure’s James Morgan has highlighted the rising threat of cyber-attacks on key third-party vendors and their potential to trigger widespread operational disruption and financial losses across multiple businesses. The ne...

Posted: Sep 23, 2025

Fitch upgrades Generali’s ratings on lower sovereign risk & improved performance

Fitch Ratings has upgraded Generali and its core subsidiaries’ Insurer Financial Strength (IFS) Ratings to ‘AA-’ from ‘A+’, citing lower sovereign risk and the group’s very strong profile, capitalisation, leverage, and operating performance. The a...

Posted: Sep 23, 2025