Reinsurance News
Africa Re, in collaboration with the Livestock Productivity and Resilience Support Project (L-PRES), a consortium of insurance providers, and development partners, has launched an Index-Based Livestock Insurance (IBLI) product in Nigeria. The prod...
Posted: Aug 08, 2025
Amiga Specialty, the recently launched specialty managing general agent (MGA) has announced its expansion into the Asia Pacific market with the launch of a new Hong Kong operation, which is to be led by Ralph Sherbahn as Managing Director of Finan...
Posted: Aug 08, 2025
Munich Re, one of Europe’s big four reinsurers, has confirmed its record-breaking profit of €2.1 billion for the second quarter of 2025, although for the first half of the year profit fell 15% to a still strong €3.2 billion, as the firm repo...
Posted: Aug 08, 2025
Insurance and reinsurance broking group WTW has announced the appointment of Allan Stierle as Head of M&A Latin America at FINEX Global. In this role, Stierle will lead and develop the M&A practice in Latin America while supporting the com...
Posted: Aug 08, 2025
Highstreet Insurance Partners, an insurance agency headquartered in Michigan, has secured $550 million in new capital to continue its acquisition-focused growth strategy and expand its operations in local markets. The funding, structured as a dela...
Posted: Aug 08, 2025
Gallagher Re, a reinsurance broker and advisor, has recently announced the appointment of Dave Brune as Executive Vice President (EVP) within its Program Solutions division. In this role, Brune will be responsible for shaping and executing the fir...
Posted: Aug 08, 2025
A recent report issued by AM Best, the credit rating agency, highlights a growing trend in the insurance sector: more insurers are turning to third-party asset managers to oversee their investment portfolios, with the US life/annuity segment showi...
Posted: Aug 07, 2025
Kuwait Reinsurance Company (Kuwait Re) reported a net profit of $31.07 million (KWD 9,517,762) for the first half of 2025, marking a 39% increase from $22.41 million (KWD 6,876,348) in the same period last year. The company attributed the growth t...
Posted: Aug 07, 2025
Peter Zaffino, Chief Executive Officer (CEO) of global insurer AIG, has discussed the importance of the firm’s reinsurance purchasing strategy for its US property portfolio, revealing that so far in 2025, risk-adjusted rate decreases for rei...
Posted: Aug 07, 2025
MSIG USA, a provider of specialty commercial insurance solutions, has strategically partnered with Coalition, an active insurer focused on preventing digital risks, to launch a new cyber insurance offering for its US clients. The new program offer...
Posted: Aug 07, 2025
Mercury Insurance, a provider of auto and home insurance based in California, is partnering with Liberty Mutual Insurance, a property and casualty insurer, to help safeguard coverage for thousands of California policyholders. The collaboration com...
Posted: Aug 07, 2025
Bermuda-domiciled re/insurer Hamilton Insurance Group has reported net income of $187.4 million for the second quarter of 2025, compared to $131.1 million in Q2’24, as underwriting income grew to $67.5 million with a combined ratio of 86.8%, compa...
Posted: Aug 07, 2025
Gallagher Re’s recent Global InsurTech Report highlights AI’s potential to make property re/insurance more data-driven, responsive, and profitable, but achieving this requires reinsurers to commit to investing in AI, including building robust data...
Posted: Aug 07, 2025
Carrick Group’s Bermuda class 3A reinsurer, Carrick Re Ltd., has entered into a loss portfolio transfer (LPT) with National Casualty Company of America, Limited, National Casualty Company, UK Branch, and Nationwide General Insurance Company,...
Posted: Aug 07, 2025
In our latest Reinsurance News video interview, we spoke with Shevawn Barder, Founder and CEO of AM Specialty Insurance Company (ASIC), and Darren Powell, CUO of Pinpoint UK, about their plans for the new MGA and progress as ASIC expands beyond No...
Posted: Aug 07, 2025
Following the sale of its 26% stakes in its Indian life and non-life insurance joint ventures and a binding agreement to form a 50:50 reinsurance venture, Allianz CEO Oliver Bäte said the group always intended to run a domestic business rather tha...
Posted: Aug 07, 2025
International specialty and P&C re/insurer Canopius has announced its financial results for the first half of 2025, reporting a net insurance revenue increase of 42%, to $1.39 billion from $0.98 billion in H1 2024, and a net combined ratio (di...
Posted: Aug 07, 2025
Shadow AI is emerging as a significant threat to businesses, responsible for 20% of data breaches and adding an average of $670,000 to breach costs for organisations with high levels of shadow AI, according to Consilium in the 2025 IBM Cost of a D...
Posted: Aug 07, 2025
Bermuda-based insurance and reinsurance company, Hamilton Insurance Group, has announced the appointment of Russ Buckley as Group Chief Risk Officer. He will be succeeding current Group Chief Risk Officer Alex Baker, who has been recently appointe...
Posted: Aug 07, 2025
F&G Annuities & Life, Inc. has entered into a strategic partnership with a new reinsurance vehicle backed by Blackstone managed funds, with approximately $1 billion in anticipated capital commitments. Under the agreement, the reinsurer wil...
Posted: Aug 07, 2025
Global insurer American International Group, Inc. (AIG) has reported General Insurance (GI) gross written premiums (GWP) growth of 2% hitting $10 billion in Q2’25, compared to $9.9 billion in Q2’24, as the segment’s underwriting result impro...
Posted: Aug 07, 2025
Large insurer Zurich achieved a 6% year-on-year rise in Group business operating profit (BOP) to a record $4.2 billion for the first six months of 2025, with property and casualty (P&C) BOP rising 9% to an all-time high of $2.4 billion. Group-...
Posted: Aug 07, 2025
Liberty Mutual Holding Company has reported Q2 2025 net income of $1.85 billion, up considerably from the $717 million disclosed in Q2 2024, driven by more disciplined underwriting and an excellent investment performance. Liberty Mutual’s Q2 2025...
Posted: Aug 07, 2025
Global insurer Allianz has reported that its total business volume increased by 8% year-on-year to €44.5 billion in the second quarter of 2025, as operating profit across the Group rose 12% to €4.4 billion, with a particularly strong performance i...
Posted: Aug 07, 2025
As per a new report from reinsurance broker Gallagher Re, around $60.8 billion has been raised and invested in InsurTech firms since its records began in 2012, with around 25% directed toward AI-focused companies. Report author and Gallagher Re’s...
Posted: Aug 07, 2025