Reinsurance News
Reflecting growing demand for aggregate risk coverage in the reinsurance market, US primary insurer Allstate has secured a new aggregate reinsurance arrangement for its US homeowners book at the mid-year renewals. The new protection includes cover...
Posted: Aug 01, 2025
India’s Edme Insurance Brokers Ltd has announced the appointment of Nitin Firke as Managing Director of Reinsurance, where he will work closely with both domestic and international partners to strengthen the broker’s position as a trus...
Posted: Aug 01, 2025
AM Best has upgraded the credit ratings of Somerset Reinsurance Ltd. and Somerset Reinsurance Company (SRC), citing their balance sheet strength, adequate operating performance, and ability to execute their business plan. The rating agency has upg...
Posted: Aug 01, 2025
For the second quarter of 2025, insurance broking group Arthur J. Gallagher & Co. has reported total revenue before reimbursement of $3.17 billion, compared to $2.73 billion in Q2’24, as the core brokerage and risk management segments combined...
Posted: Aug 01, 2025
Parametrix, a provider of digital business interruption solutions, has announced the appointment of Sandy Perdiguerra as Senior Vice President, Cyber and Tech E&O Underwriting. Perdiguerra, who brings over two decades of experience in cyber un...
Posted: Aug 01, 2025
Reinsurance Group of America (RGA) has completed its previously announced $32 billion reinsurance transaction with Equitable Holdings, covering a diversified portfolio of life insurance products. Back when the deal was first revealed, RGA said it...
Posted: Aug 01, 2025
French insurer AXA recorded a rise in underlying earnings of 5% to €4.5 billion and 7% growth in gross written premium (GWP) and other revenues to €64.3 billion in the first half of 2025, driven by growth at AXA XL, the firm’s property and c...
Posted: Aug 01, 2025
The London Market Group (LMG), a collective body representing the specialist commercial re/insurance market in London, has published the results of its second Regulatory Sentiment Indices. The data shows a clear improvement in how firms view the p...
Posted: Aug 01, 2025
Parametric insurtech CelsiusPro has appointed Isa Ennadifi, formerly of global insurers Allianz and AXA and reinsurer SCOR, as its new Group Chief Underwriting Officer (CUO). Ennadifi has over 15 years of industry experience, having held senior ro...
Posted: Aug 01, 2025
Managing general agent (MGA), Avatar MGA Ltd (Avatar), has received Lloyd’s coverholder and Financial Conduct Authority (FCA) approval, and is set to commence binding business from August 1st, 2025. The new MGA is backed by three market-leading sy...
Posted: Aug 01, 2025
Starwind Specialty Insurance Services, a CRC Group company, has announced that Alex Bonds, currently serving as President and Chief Underwriting Officer of CRC Insurisk, will be joining Starwind Specialty as Co-President. In his new position, Bond...
Posted: Aug 01, 2025
Simon Wilson, Chief Executive Officer (CEO) of Markel Insurance, said recently that a really important part of the firm’s deal to sell the renewal rights for its Global Reinsurance business to Nationwide, was the large number of the reinsura...
Posted: Jul 31, 2025
Bridgepoint, a quoted private asset growth investor, has agreed to acquire a majority stake in HBC (Hanseatic Broking Center), an independent SME+ insurance distribution platform in the DACH region, from Preservation Capital Partners. HBC was foun...
Posted: Jul 31, 2025
Jim Williamson, CEO of Bermuda-based insurance and reinsurance company Everest, has disregarded talk of a soft property cat market, describing rates as very strong and the market as very hard while discipline has been maintained. During Everest’s...
Posted: Jul 31, 2025
The Hanover Insurance Group has announced its financial results for the second quarter of 2025, reporting a net income of $157.1 million, lower catastrophe losses of $107.5 million and an improved combined ratio of 92.5%. Net income in Q2 2025 saw...
Posted: Jul 31, 2025
The Baldwin Group, an insurance brokerage and advisory firm, has released its Q2 2025 Market Pulse Report, providing a clear view into a commercial insurance market that is becoming increasingly divided. According to the report, stability and rene...
Posted: Jul 31, 2025
Liberty Global Transaction Solutions (Liberty GTS), part of Liberty Mutual Insurance, has announced the appointment of Jared Lavinthal as Head of Tax for the Americas. Based in New York City, Lavinthal will report to Hilary Weiss, Head of Americas...
Posted: Jul 31, 2025
Global specialty re/insurance firm Ascot Group Limited and alternative credit manager Antares Capital have partnered to launch Wayfare Reinsurance Limited, a Bermuda-based reinsurance sidecar, together with Canro Re Limited, a Bermuda-based segreg...
Posted: Jul 31, 2025
A wholly owned subsidiary of Brookfield Wealth Solutions (BWS) is set to acquire London life insurer Just Group. Brookfield will reportedly pay 220 pence per share in cash, valuing Just Group’s equity at £2.4 billion ($3.2 billion). Brookfield sai...
Posted: Jul 31, 2025
Skyward Specialty Insurance Group, a property and casualty (P&C) specialist insurance company, reported net income of $38.8 million for the second quarter of 2025, representing a 25.16% increase from $31 million in the same period of 2024. Mea...
Posted: Jul 31, 2025
Global insurance broking group WTW has reported flat revenue of $2.3 billion for the second quarter of 2025 with solid organic revenue growth in both Health, Wealth & Career and Risk & Broking, and a 134% year-on-year rise in net income to...
Posted: Jul 31, 2025
Insurer and reinsurer Ascot Group is reportedly partnering with Antares Capital, a private-credit firm, on a $500 million transaction to create a Bermuda-based reinsurance sidecar called Wayfare Reinsurance, according to a report by The Wall Stree...
Posted: Jul 31, 2025
Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has promoted Ben Qin to Head of Asia Pacific (APAC) and WeeBeng Seow as the Head of Southeast (SE) Asia. The parametric specialist is...
Posted: Jul 31, 2025
PERILS AG, a Zurich-based catastrophe insurance data provider, has announced the inclusion of Severe Convective Storm (SCS) industry loss reporting for Europe, Japan, and New Zealand. The new service builds on PERILS’ existing SCS coverage in Aust...
Posted: Jul 31, 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the United States, has announced robust financial results for the second quarter of 2025, highlighted by substantial underwriting income improvement across the bus...
Posted: Jul 31, 2025