Reinsurance News
Credit rating agency AM Best has announced it is maintaining a negative outlook on Brazil’s reinsurance market segment, citing political uncertainty and tax reform measures that are pressuring the industry’s profitability. The report noted that re...
Posted: Aug 18, 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has promoted Irfan Esa to Head of National Business in the UK. Esa brings over two decades of experience in the UK insur...
Posted: Aug 18, 2025
Mercury Insurance, a California-based provider of auto and home insurance, has submitted a rate filing for its California Homeowners program, based on the State’s Sustainable Insurance Strategy, to expand coverage in high-risk wildfire zones...
Posted: Aug 18, 2025
Zhibao Technology Inc., a China-based InsurTech company specialising in digital insurance brokerage, has announced that it has entered into an agreement to establish a joint venture with Beijing Zhongfang Hongchuang Technology Company Limited, a w...
Posted: Aug 18, 2025
Sukoon Insurance has announced the appointment of Sandy Warne as Active Underwriter for Syndicate 2880. Warne brings nearly 30 years of experience in the re/insurance industry, spanning specialty lines insurance broking, underwriting, and reinsura...
Posted: Aug 18, 2025
Just Group has completed a £56 million full-scheme buy-in with the Brother Staff Retirement Benefits Scheme, securing the benefits of all 679 Scheme members, comprising 299 pensioners and dependents, as well as 380 deferred members. The scheme is...
Posted: Aug 18, 2025
New data from AM Best reveals that Swiss Re has taken over from Munich Re as the world’s largest reinsurer for companies that report under IFRS 17, with Berkshire Hathaway taking the top spot for non-IFRS 17 reporters, based on year-end 2024...
Posted: Aug 18, 2025
According to Fitch Ratings, the profitability of the global emerging market reinsurer group, which includes Patria, Ocean Re, Eureka Re, Oman Re, and ASR Re, has been strong, with return on equity generally ranging from 5% and 22% over the past tw...
Posted: Aug 18, 2025
Howden Re, the global reinsurance broking arm of Howden Group, has appointed Candy Wong as Head of Treaty for Hong Kong, effective August 18th, 2025. The appointment aims to further strengthen Howden Re’s commitment to building a differentiated, c...
Posted: Aug 18, 2025
Acquinex, the specialist financial lines managing general agent (MGA), has strengthened its leadership team with the appointment of Josh Cowen as Chief Executive Officer (CEO). This appointment follows that of both co-founders, Chris Jackson and C...
Posted: Aug 18, 2025
AM Best, a credit rating agency focused on the insurance industry, has upgraded the credit ratings of Millî Reasürans Türk Anonim Şirketi (Milli Re), a Türkiye-based reinsurance company. The Financial Strength Rating (FSR) has been raised from C+...
Posted: Aug 18, 2025
Strategic Risk Solutions (SRS), a provider of insurance management and consulting services, has announced the promotion of Andrew Hupman to Head of Office for SRS Bermuda. Hupman has been with the SRS Bermuda office since 2008 and will continue to...
Posted: Aug 18, 2025
Dragos Inc., a company specialising in cybersecurity for operational technology (OT) environments, has released its 2025 OT Security Financial Risk Report, produced with Marsh McLennan’s Cyber Risk Intelligence Center. The report applies statistic...
Posted: Aug 15, 2025
Global insurer Chubb has announced the appointment of Kim Hare as Senior Vice President (SVP), Head of North America Property Claims, effective August 18th, 2025. Hare will succeed Tim Barziza, who will retire next April after more than three deca...
Posted: Aug 15, 2025
Sapiens International Corporation, a global provider of software solutions for the insurance industry, and Earnix, an AI Platform for insurance providers, have partnered to enhance operational efficiency for P&C Insurers in Europe, the Middle...
Posted: Aug 15, 2025
Jolee Crosby, CEO of Reinsurance Canada at Swiss Re, highlights the urgent need for the insurance industry to respond to the increasing financial impact of secondary natural hazards in Canada. As the country faces a rise in costly floods, wildfire...
Posted: Aug 15, 2025
Fitch Ratings, a credit rating agency, stated on 14 August 2025 in Sydney and Jakarta that the proposed consolidation of three Indonesian reinsurers could undermine the capital strength of the domestic reinsurance sector in the absence of fresh ca...
Posted: Aug 15, 2025
Global dedicated reinsurance capital is projected to climb to an unprecedented $649 billion in 2025, according to estimates from AM Best and Guy Carpenter. As readers will see from the image below, the anticipated 2025 figure would surpass the pre...
Posted: Aug 15, 2025
Blenheim Underwriting, a specialist managing general agent (MGA) and Lloyd’s coverholder, has appointed Alex Stratton-Thomsett as Casualty Underwriter, effective 8 January 2026. In his new role, Stratton-Thomsett will collaborate with David Barber...
Posted: Aug 15, 2025
Equitable Holdings, a financial services company specialising in retirement, wealth management, and protection solutions, has recently announced that it has completed a major strategic transaction aimed at substantially reducing its exposure to mo...
Posted: Aug 15, 2025
Kalepa, a company specialising in underwriting technology solutions, has entered into an agreement with an affiliate of W. R. Berkley Corporation, a commercial lines insurance provider in the United States. The agreement will broaden the use of Ka...
Posted: Aug 15, 2025
Ivans, a division of Applied Systems, has released the July 2025 results of the Ivans Index, showing that average premium renewal rates increased year over year across all major commercial lines of business except Workers’ Compensation. Month over...
Posted: Aug 15, 2025
Marsh, an insurance broker and risk advisor under Marsh McLennan, has introduced BrokerSafe, an insurance facility aimed at US freight brokers seeking access to auto liability coverage in a market where options have become more limited and costly....
Posted: Aug 15, 2025
Orion180, a provider of insurance solutions, and Neural Earth Inc., a company specialising in AI-based geospatial risk analytics, have announced a partnership aimed at improving how homeowners insurance risks are assessed, priced, and managed. As...
Posted: Aug 15, 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced a number of strategic appointments within its energy division aimed at bolstering its power and renewables offering. Alex Nelson has joined the energy team as U...
Posted: Aug 15, 2025