Reinsurance News

Sompo has announced three key appointments in its Asia Pacific (APAC) Finance team, with See Ju Chua, Pei Shan Tay, and Mindy Lee assuming new roles within the company. See Ju Chua has been appointed Senior Vice President (SVP), Head of Capital Ma...

Posted: Sep 03, 2025

White Mountains Insurance Group, Ltd. has announced the appointment of Liam Caffrey as Chief Executive Officer, effective January 1, 2026, succeeding current CEO Manning Rountree. Caffrey, who currently serves as President and Chief Financial Offi...

Posted: Sep 02, 2025

The global modelled insured average annual property loss (AAL) from natural catastrophes has increased to $152 billion, according to the latest annual report from Verisk’s Extreme Event Solutions business. This means that the insurance industry sh...

Posted: Sep 02, 2025

Global reinsurance capital has climbed to a record $805 billion and is set to grow a further 8% this year on the back of retained earnings, but despite the rising capacity, pricing momentum remains tied to structural profitability rather than new...

Posted: Sep 02, 2025

Fitch Ratings has revised its global reinsurance sector outlook to ‘deteriorating’ from ‘neutral,’ anticipating moderately weaker, but still sound, operational and business conditions in 2026. The ratings agency expects abundant capacity and risin...

Posted: Sep 02, 2025

CyberCube, a provider of cyber risk analytics, has launched Exposure Manager (XM), a first-of-its-kind tool that enables re/insurers to efficiently evaluate cyber risk across entire portfolios with powerful, quantified data. CyberCube said the lau...

Posted: Sep 02, 2025

S&P Global Ratings suggests that reinsurance pricing has passed its peak, likely tempering earnings prospects for global reinsurers over 2025–2026; nevertheless, the ratings agency maintains a stable outlook for the sector. The stable outlook...

Posted: Sep 02, 2025

Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has announced three new appointments: Michael Murdoch-Smith and JayLynn Hines, who will be based in Bermuda; and Sarah Kennerley, who will be based in London. Murdoch-Smith ha...

Posted: Sep 02, 2025

Moody’s has changed its outlook on the global reinsurance sector to stable from positive, noting that pricing for property reinsurance is declining as the supply/demand balance shifts toward reinsurance buyers. According to Moody’s, abundant...

Posted: Sep 02, 2025

Global reinsurance broker Gallagher Re has further invested in the Asia Pacific region by agreeing to acquire Sydney, Australia-based reinsurance broking firm Steadfast Re Pty Limited. Terms of the deal, which is expected to close in the final qua...

Posted: Sep 02, 2025

At the halfway point of 2025, global reinsurance industry capital hit a new high of $805 billion, reflecting growth of 4.8% from the end of 2024, as the underlying return on equity (ROE) of a subset of 16 reinsurers reduced but remained healthy at...

Posted: Sep 02, 2025

Aon, a global re/insurance broking group, has announced the appointment of Bonjay Koo as Enterprise Client Leader, Asia Pacific in South Korea. In his new Seoul-based role, Koo will be responsible for the delivery of integrated Risk Capital and Hu...

Posted: Sep 02, 2025

ICEYE, a global leader in satellite-powered disaster management solutions, has expanded its multi-peril change detection portfolio with the launch of an Earthquake with Fire Following capability, initially available in California. The new solution...

Posted: Sep 02, 2025

Credit ratings agency AM Best has placed the Financial Strength Rating (FSR) of Sompo Japan Insurance Inc. and its subsidiaries under review with positive implications, citing potential “material benefits in Sompo group’s business profile fo...

Posted: Sep 02, 2025

Westfield Specialty International, a specialty insurance provider, has strengthened its claims leadership with the appointment of Melanie Gilbert as Head of Third Party Claims. Based in London, Gilbert will report to Katie MacGregor, Director of O...

Posted: Sep 02, 2025

Insurer confidence in the Australian Reinsurance Pool Corporation (ARPC) remains high, according to the latest 2024/25 Insurer Customer Survey, conducted independently by ORIMA Research. Among its key findings, the survey – which captured fe...

Posted: Sep 02, 2025

The Federation of European Risk Management Associations (FERMA) has highlighted a critical gap in adequate and accessible insurance coverage to support Europe’s transition to net zero, urging the re/insurance industry to recognise its vital role i...

Posted: Sep 02, 2025

As Asia’s population ages rapidly, insurers must adjust their strategies to meet the changing needs of older adults, according to Ping Ji, Matt Singleton, and Torben Swart of Swiss Re Group, a global reinsurance company that provides research and...

Posted: Sep 02, 2025

US health insurers have come under significant pressure due to increased utilisation and higher medical costs across the industry, prompting AM Best to revise its outlook on the segment to negative from stable. In its recent report, AM Best highli...

Posted: Sep 01, 2025

MSIG Singapore, a subsidiary of MS&AD Insurance Group, has partnered with MSIG Specialty Marine and appointed the firm as its underwriting agent to expand its marine capabilities. The move aligns with MSIG’s strategic growth ambitions an...

Posted: Sep 01, 2025

Howden Re, the reinsurance, capital markets, and strategic advisory business of global broker Howden Group, has announced two senior hires to establish its Iberian operations—an important advancement in the company’s international growth strategy....

Posted: Sep 01, 2025

According to Fitch Ratings, a softening reinsurance marketplace might well drive the return of merger and acquisition (M&A) activity as organic opportunities diminish and players with accumulated capital mull takeovers of companies less succes...

Posted: Sep 01, 2025

Credit ratings agency AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Premia Reinsurance Ltd., Bermuda. The outlook assigned to these ratings is stabl...

Posted: Sep 01, 2025

Consilium, the global speciality re/insurance broking business of the Aventum Group, has announced the appointments of two new associates in its Professional and Executive Risk Solutions division. Michael Harte has been appointed Associate Partner...

Posted: Sep 01, 2025

Private investment firm Bain Capital has signed a definitive agreement to acquire Jensten Group, a UK commercial insurance broker, from Livingbridge, with the transaction expected to close in Q4 2024, subject to regulatory approvals. Founded in 19...

Posted: Sep 01, 2025