Reinsurance News

Aon has appointed Andrew Laing as UK CEO of Reinsurance, succeeding Rupert Moore, who will become CEO of Reinsurance for Asia Pacific and Chairman of the region for Aon’s Strategy and Technology Group. Subject to regulatory approval, Laing will al...

Posted: Jul 31, 2025

Insurer Markel Group’s total operating income for the second quarter of 2025 grew to $1.1 billion from $409 million in Q2’24, largely driven by market value movements within its equity portfolio. In the insurance segment in Q2’25, operating income...

Posted: Jul 31, 2025

Thierry Léger, Chief Executive Officer (CEO) of SCOR, one of Europe’s big four reinsurers, said this morning that although there’s not been an influx of new entrants in the reinsurance market, competition was high at the mid-year renew...

Posted: Jul 31, 2025

Everest’s reinsurance segment again led the business in Q2 2025, posting $436 million in underwriting income and a combined ratio of 85.6%, despite $98 million in pre-tax aviation losses tied to the Russia–Ukraine war, which added 3.2 points to th...

Posted: Jul 31, 2025

French reinsurer SCOR has announced its financial results for the second quarter of 2025, reporting a rise in net income to EUR 226 million, reversing the loss of EUR 308 million recorded in the second quarter of 2024. This improvement was driven...

Posted: Jul 31, 2025

Lockton, a privately held insurance brokerage, has appointed Kelly Thoerig as U.S. Directors and Officers Liability (D&O) and Employment Practices Liability (EPL) Product Leader within its Professional & Executive Risk division. Based in V...

Posted: Jul 31, 2025

Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has entered into a definitive agreement to acquire the renewal rights of Markel Insurance’s Global Reinsurance business, signalling Markel&...

Posted: Jul 31, 2025

Ping An Insurance (Group) Company of China, Ltd., an integrated financial services provider with a presence in insurance, banking, and asset management, has appointed Ray Wang as the Group’s Chief Technology Officer (CTO) and General Manager...

Posted: Jul 31, 2025

Itasca MGA Limited, an aviation-focused managing general agent (MGA), has structured a new insurance policy to support an aircraft debt facility for Allegiant Air, LLC, helping finance the delivery of new 737 MAX 8-200 aircraft. The aircraft deliv...

Posted: Jul 31, 2025

Sompo, a global provider of property, casualty, and specialty re/insurance, has announced the appointment of Andy Zoller as Senior Vice President (SVP), Head of Multinational, North America. Based in Dallas, Zoller will be responsible for the stra...

Posted: Jul 31, 2025

Neil Eckert, CEO of Bermuda-based reinsurer Conduit Re, was a little surprised at the slight upside in casualty rates experienced through the first half of the year, and while the firm posted a decrease in property, he doesn’t expect to see a chan...

Posted: Jul 30, 2025

Cover Whale Insurance Solutions, Inc., a commercial auto insurtech, has raised $40 million in equity funding from Morgan Stanley Expansion Capital. The company plans to use the investment to further develop its technology, improve its data analyti...

Posted: Jul 30, 2025

BMS, an independent insurance and reinsurance broker, has announced the promotion of Kian Wookey to the newly created role of Managing Director (MD), Bermuda Product Line Development. Based in Bermuda, Wookey will report to Mark Lawson, Managing D...

Posted: Jul 30, 2025

Allianz UK, part of the financial services group Allianz SE, has signed a new insurance agreement with Sainsbury’s Bank as it looks to expand its reach in the UK retail insurance market. Starting 1 November 2025, Allianz UK will provide replacemen...

Posted: Jul 30, 2025

Verisk, a data analytics and technology provider to the insurance and energy industries, has entered into a definitive agreement to acquire AccuLynx, a SaaS platform providing end-to-end business management workflow for residential property contra...

Posted: Jul 30, 2025

Property insurers paid out £1.6 billion in claims during the second quarter of 2025, a 7% increase compared to the previous quarter, as they helped homeowners and businesses recover from unexpected events and costly disruptions, according to the A...

Posted: Jul 30, 2025

Mercury General Corporation has reported net income of $166.5 million for the second quarter of 2025, representing a significant 166.1% increase compared to $62.6 million in the same quarter a year prior. Operating income also improved sharply, ri...

Posted: Jul 30, 2025

Global insurer and reinsurer Everest has announced the appointment of Josh Pillion as U.S. National Distribution Manager for Everest Insurance. Based in Los Angeles, Pillion will report to Craig Hanrahan, Head of Field Operations, North America. I...

Posted: Jul 30, 2025

Resolution Life, a life insurance group focused on reinsurance and managing life insurance portfolios, has entered into a reinsurance agreement with Taiju Life Insurance Company Limited, a domestic insurer and part of the Nippon Life group. The ag...

Posted: Jul 30, 2025

Global reinsurance broker Gallagher Re has announced the appointment of Mark Braithwaite from Lockton Re as Chief Commercial Officer, North America (NA). In this role, Braithwaite will play a key part in shaping the strategic direction of Gallaghe...

Posted: Jul 30, 2025

Aon, a global insurance and reinsurance broker, has released its Q2 2025 Global Insurance Market Insights, highlighting a notable phase in the insurance market where increased capacity and softening rates are coinciding with intensifying systemic...

Posted: Jul 30, 2025

Japan Post Insurance, KKR, and Global Atlantic (a wholly owned subsidiary of KKR) have signed definitive agreements under which Japan Post Insurance will invest $2 billion in a new vehicle sponsored by Global Atlantic, marking the latest milestone...

Posted: Jul 30, 2025

Global specialty underwriter and provider of insurance and reinsurance, AXIS Capital Holdings Limited, has reported an increase in gross premiums written (GPW) of $76 million, or 3% to $2.5 billion for the second quarter of 2025, driven by an incr...

Posted: Jul 30, 2025

Davies, a specialist professional services and technology provider for the insurance and regulated markets, is expanding its existing flood claims management with the launch of a new dedicated flood services division. This new division, led by Jes...

Posted: Jul 30, 2025

Arch Capital Group Ltd., the Bermuda-based insurer and reinsurer, delivered net income of $1.2 billion for the second quarter of 2025, down slightly on the comparable prior year quarter’s $1.3 billion, as the firm reports solid growth in bot...

Posted: Jul 30, 2025