Reinsurance News

The Lloyd’s Market Association (LMA) has advised its member insurers to review their exposures to Russian oil in response to upcoming changes to the Oil Price Cap regime for the UK and EU. The Oil Price Cap is a sanctions regime run by the G7, the...

Posted: Aug 14, 2025

AXIS Capital has revealed that Matthew Kirk will succeed Peter J. Vogt as the firm’s Chief Financial Officer, effective March 2026. As part of a planned leadership transition, Vogt will act as a strategic advisor to AXIS Capital through the...

Posted: Aug 14, 2025

As the global reinsurance market enters a period of sustained profitability and stability, disciplined capital deployment and strong underwriting remain crucial, a recent AM Best report has revealed. The Best’s Market Segment Report, “Reinsurers’...

Posted: Aug 14, 2025

Australian insurer Suncorp Group has revealed that net profit after tax (NPAT) for FY2025 was $1.823 billion, up from $1.197 billion in 2024, while cash earnings increased to $1.486 billion from $1.372 billion. According to the firm, FY2025 NPAT i...

Posted: Aug 14, 2025

Atrium, a specialty insurance group at Lloyd’s, has entered the Credit and Political Risk market with the appointment of a new team led by Richard Lamb. Lamb will be joined by Beth MacGregor and Adam Vulliamy. Together, they aim to create one of L...

Posted: Aug 14, 2025

Sollers Consulting, a software integrator and operational advisor, has opened its first permanent office in the United States, in Chicago, marking a significant milestone as it expands its footprint into the world’s largest insurance market. The U...

Posted: Aug 14, 2025

Legal & General Group plc, a UK-based multinational financial services company specialising in insurance, asset management, and retirement solutions, has released its 2025 Global Pension Risk Transfer (PRT) Monitor. The report forecasts that o...

Posted: Aug 14, 2025

Sompo Holdings, Inc. has posted results for its overseas insurance/reinsurance business for the first quarter of the 2025 financial year, reporting a global reinsurance combined ratio of 85.8%, down 10.9 points from 96.7% a year earlier, due to be...

Posted: Aug 14, 2025

The Vesttoo Creditors Liquidating Trust, an independent fiduciary appointed by the U.S. Bankruptcy Court for the District of Delaware, has filed a complaint in the Court against Aon, China Construction Bank, and certain entities and individuals fo...

Posted: Aug 14, 2025

Andreas Berger, Group Chief Executive Officer (CEO) of reinsurance giant Swiss Re, said this morning that the current healthy and constructive reinsurance market environment needs to be the new normal as companies must earn their cost of capital....

Posted: Aug 14, 2025

Verisk, a global data analytics and technology provider, has announced the appointment of Eric Spear as Chief Technology Officer (CTO) for Verisk’s Extreme Event Solutions. “We’re thrilled to welcome Eric to Verisk,” said Rob Newbold, president of...

Posted: Aug 14, 2025

British insurer Aviva has reported an operating profit of £1.1 billion in the first half of 2025, representing a 22% increase from £875 million in the same period a year earlier. General insurance premiums increased 7% to £6.3 billion in H1’25 fro...

Posted: Aug 14, 2025

Despite a $22.8 million H1 2025 net loss and a 110.1% combined ratio stemming from the English High Court’s Russia aviation ruling and California wildfires, Fidelis’s CEO has said the lessor policy dispute is effectively resolved, with only minima...

Posted: Aug 14, 2025

European insurer and parent of large reinsurer Hannover Re, Talanx Group, has generated a record half-year 2025 net income of €1.37 billion, compared to €1.09 billion in the same period last year, representing 26% growth, leading the firm to raise...

Posted: Aug 14, 2025

AXA Hong Kong and Macau and MOTOGO have partnered to launch two new insurance solutions, typhoon parametric and cross-boundary travel. These two innovative insurance solutions will be provided at no cost to eligible MOTOGO members under Dah Chong...

Posted: Aug 14, 2025

Healthy underwriting margins across property and casualty (P&C) and life and health (L&H) reinsurance, as well as a solid investment result, helped reinsurance giant Swiss Re generate a 24% year-on-year rise in net income to $2.6 billion f...

Posted: Aug 14, 2025

Canada Life Reinsurance, a provider of reinsurance solutions for life and health, has announced the appointment of Thomas O’Brien from Hannover Re as CEO CLRe Ireland and Head of Reinsurance Operations Europe, a Dublin-based role. O’Br...

Posted: Aug 14, 2025

Kelso & Company, L.P., a North American-focused middle-market private equity firm, has completed the sale of its portfolio company Accession Risk Management Group to Brown & Brown in a primarily cash transaction valued at approximately $9....

Posted: Aug 14, 2025

Shanghai Asian Insurance Brokers (UK) Ltd, alongside its Appointed Representative Altum Risk Ltd, have been authorised to fully operate on the Shanghai Insurance and Reinsurance Exchange (SIRE) platform. This authorisation, effective from 6 March...

Posted: Aug 14, 2025

Following Lemonade’s June decision to cut the ceded proportion of its quota share reinsurance from about 55% to 20%, CEO and Co-Founder Daniel Schreiber said the arrangement was used more for capital than risk management, adding that the policies...

Posted: Aug 13, 2025

AXIS Capital Holdings Limited, a global specialty underwriter and provider of re/insurance solutions, has launched AXIS Capacity Solutions, a new business unit dedicated to developing and supporting structured and multi-line portfolio capacity dea...

Posted: Aug 13, 2025

Aon, a global insurance and reinsurance broking group, has announced the appointment of Mehmet Shukri as Head of UK Client Services for Aon’s Reinsurance Solutions, effective immediately. In his new role, Shukri will focus on accelerating client v...

Posted: Aug 13, 2025

Slide Insurance has announced its financial results for the second quarter of 2025, reporting a 30.5% year-over-year growth in net income, a 25% increase in gross premiums written (GPW), and an improved combined ratio of 67.4%. For Q2 2025, Slide’...

Posted: Aug 13, 2025

Karin Coleman, Chief Operating Officer (COO) at HCI Group, described the environment in Florida as a healthy one, stating that the company is well-positioned in a competitive market with strong capital, as well as “the people and the technology to...

Posted: Aug 13, 2025

SCOR has launched ‘Manage’, the second product in its Ecological Restoration Insurance Solution, which Harmender Singh Kalirai, Chief Transaction Officer at SCOR P&C, described as “the next evolution of the Solution.” T...

Posted: Aug 13, 2025