Reinsurance News
Novatae Risk Group, a managing general agent (MGA) and underwriting manager, has announced the appointment of Anju Arora as Vice President of data, business intelligence and innovation, a newly created role. Arora has been tasked with driving Nova...
Posted: Jul 23, 2025
Demex, a climate risk MGA and data analytics firm based in Washington, D.C., is driving a shift in how the reinsurance industry handles the financial burden of severe convective storms (SCS). With a new aggregate, working-layer reinsurance structu...
Posted: Jul 22, 2025
While artificial intelligence (AI) investments offer significant growth and profitability potential for insurance companies, they also bring new risks that, if not managed properly, could cause significant financial and have a negative impact on c...
Posted: Jul 22, 2025
There has been a sharp rise in electric vehicle (EV) insurance premiums, driven by higher repair costs, labour expenses, and parts shortages — factors that often lead to unsustainable write-offs after minor accidents, according to a recent white p...
Posted: Jul 22, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the promotion of Ed Totten to Head of Construction Casualty, consolidating Primary and Excess Casualty lines under his leadership. Totten...
Posted: Jul 22, 2025
Insurance and reinsurance broking group WTW has announced the appointment of Dale Porfilio as Senior Director and Head of Personal and Commercial Lines Business Development to its Insurance Consulting & Technology (ICT) business. Porfilio, bas...
Posted: Jul 22, 2025
HDI Global underscores the strategic importance of Alternative Risk Transfer (ART) by integrating its Risk Finance solutions at Board level under Dr Dirk Höring, following the successful development of its HDI Enablers unit. As risks become more c...
Posted: Jul 22, 2025
American Coastal Insurance Corporation, the parent company of American Coastal Insurance Company (AmCoastal), has announced that Kroll Bond Rating Agency (KBRA) has raised the Company’s Issuer and Debt ratings from BB+ to BBB-, achieving investmen...
Posted: Jul 22, 2025
ACORD Solutions Group (ASG), a provider of digital solutions for the global insurance industry, has launched the ADEPT Dubai Regional Hub. The new hub was announced at the event “Discover the Future of (Re)Insurance in the UAE,” hosted by ASG and...
Posted: Jul 22, 2025
Although the recent deadly flash floods in Texas are estimated to have caused $1.1 billion in damage to residential buildings, Cotality believes the event will likely have a limited impact on primary insurers and reinsurers, due to the region’s lo...
Posted: Jul 22, 2025
Placing Platform Limited (PPL) has confirmed that June saw a record number of active users on the platform, as clients positioned themselves for the critical renewal period. During June, over 500 users accessed renewal-specific support, with virtu...
Posted: Jul 22, 2025
Allianz Commercial has announced the appointment of Hyeji Kang as the new Chief Financial Officer (CFO) of Allianz Commercial and Allianz Global Corporate & Specialty SE (AGCS), effective October 1st, 2025. In her new role, Kang will report di...
Posted: Jul 22, 2025
Fleming Insurance Holdings, a provider of capital solutions to P&C re/insurers globally, has launched REvolve™, a new comprehensive platform designed to transform retrospective reinsurance. REvolve™ integrates advanced risk evaluation, AI-enha...
Posted: Jul 22, 2025
The Financial Conduct Authority (FCA), the UK’s financial regulator responsible for overseeing the conduct of nearly 50,000 firms, has stated that the recent surge in motor insurance premiums is largely the result of factors outside insurers’ cont...
Posted: Jul 22, 2025
Howden, the global insurance and reinsurance broking group, has announced the appointment of Saloni Bhandari as Senior Vice President (SVP) – M&A and Co-Head of Transactional Risk. In her new role, Bhandari will focus on warranty & i...
Posted: Jul 22, 2025
Victor Insurance, a managing general underwriter in collaboration with HSB, a multi-line specialty insurer and part of the reinsurance giant Munich Re, have launched a new offering, Contractors All Risks (CAR) Insurance in the UK, targeting contra...
Posted: Jul 22, 2025
W. R. Berkley has disclosed net income for Q2 of 2025 at $401.3 million, up from $371.9 million in Q2 of 2024, while net premiums written grew to a record $3.4 billion. The firm also posted a record net investment income of $379.3 million in Q2 of...
Posted: Jul 22, 2025
Specialty insurer RLI Corp. has reported underwriting income of $62.2 million, with a combined ratio of 84.5% for the second quarter of 2025, driven by the Property segment, which posted underwriting income of $49.5 million, compared with $53.2 mi...
Posted: Jul 22, 2025
S&P Global Ratings, a credit rating agency, has revised its outlook on the Spanish insurance group Mapfre to positive from stable, reflecting growing confidence in the group’s financial strength and earnings trajectory. The change in outlook f...
Posted: Jul 22, 2025
The US private flood insurance market is growing, addressing the nation’s significant gap between economic and insured losses from flood events, which remain largely underinsured despite being one of the costliest perils for homeowners, a recent r...
Posted: Jul 22, 2025
AM Best has downgraded the credit ratings of Berking Re Limited, a Bermuda-based reinsurance company, citing concerns over the weakened credit fundamentals and the heightened contagion risk from its parent company, PFY Cayman. Berking Re’s Financi...
Posted: Jul 22, 2025
Davies, a professional services and technology provider for the insurance and regulated markets, has appointed Mike Heard as President of Operations for its North American business. Heard will report to Dhara Patel, CEO of Davies North America, an...
Posted: Jul 22, 2025
A new £2 million academic-industry partnership, led by the University of Edinburgh, alongside insurance group AXA, WMG, the University of Warwick and the University of Oxford, will establish the groundwork for developing insurance for artificial i...
Posted: Jul 22, 2025
Commercial insurer QBE has announced the appointment of Anna Connolly as European Property Product Manager. Based in London, Connolly will join QBE’s European Operations (EO) team on 1st October 2025, reporting to Naintara Agarwal, EO Director of...
Posted: Jul 22, 2025
Agile Underwriting Services celebrates a successful one year of Syndicate 2427, launched under Lloyd’s ‘syndicate-in-a-box’ framework, with strong performance and momentum. Since commencing underwriting in May 2024, Syndicate 2427 has demonstrated...
Posted: Jul 21, 2025