Reinsurance News

Global insured losses reached $84 billion in the first half of 2025 — 55% higher than the decadal average and the highest H1 total since 2011 ($136 billion) — driven largely by US activity, according to a recent report by reinsurance broker Gallag...

Posted: Jul 16, 2025

Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Christian Stobbs as Chief Strategy and Corporate Development Officer. In this newly created position, Stobbs will lead efforts to identify and pursue s...

Posted: Jul 16, 2025

Cyber risk solutions company Resilience has partnered with CrowdStrike and expanded its collaboration with Amazon Web Services (AWS) to help enterprises to proactively mitigate cyber risk and minimise material losses from cyber incidents. Customer...

Posted: Jul 16, 2025

The Association of Bermuda Insurers and Reinsurers (ABIR) has added Gallagher Re, a global reinsurance broker, to its list of member companies. Gallagher Re is part of Gallagher, an insurance brokerage, risk management, and consulting group. The r...

Posted: Jul 16, 2025

Global insured losses from catastrophe events in the first half of 2025 increased to at least $100 billion, the second highest on record after 2011’s $140 billion, driven by the Los Angeles wildfires and severe convective storm (SCS) activit...

Posted: Jul 15, 2025

Credit ratings agency Moody’s Ratings has assigned an A3 insurance financial strength rating (IFSR) to Marco Re Limited, a Guernsey domiciled reinsurer focused on non-life run-off insurance portfolios, with a stable outlook. Moody’s explained that...

Posted: Jul 15, 2025

Patch management, network segmentation, and data backups can reduce the likelihood and financial impact of widespread malware attacks by 50% to 80% when effectively implemented, according to a joint study by CyberCube and Munich Re. The two firms...

Posted: Jul 15, 2025

The Fidelis Partnership and Fidelis Insurance Group celebrate the 10-year anniversary of Fidelis’ launch, highlighting its growth and key achievements over the past decade, including Fidelis Insurance Group’s increase in Gross Premiums Written fro...

Posted: Jul 15, 2025

Accelerant Holdings has launched its initial public offering (IPO) of 28,947,368 Class A common shares, consisting of 20,276,280 common shares offered by Accelerant and 8,671,088 shares to be sold by certain existing shareholders. On July 1st, 202...

Posted: Jul 15, 2025

Credit ratings agency, Moody’s Ratings, has appointed Antonello Aquino as Global Co-Head of Insurance, his role includes oversight of the Global Funds and Asset Management team. He will be based in London. Aquino will lead the insurance busi...

Posted: Jul 15, 2025

Global insurance and reinsurance broker Aon has announced its plans to launch a UK-based Captive Management Company, a move that comes in anticipation of the new regulations that will allow captives to be domiciled in the UK. This news follows the...

Posted: Jul 15, 2025

A new law in Texas has significantly lowered the loss funding requirements for the Texas Windstorm Insurance Association (TWIA), shifting the standard from coverage for a 1-in-100-year storm event to just a 1-in-50-year event, meaning it may scale...

Posted: Jul 15, 2025

During the hx Live 2025 event, Reinsurance News spoke with Tom Clark, Field CTO at hyperexponential (hx), who highlighted upcoming products and advancements, including Kernel—a major upgrade to hx Renew that equips reinsurers with more data, enabl...

Posted: Jul 15, 2025

Several firms, including the London Market Group (LMG), the International Underwriting Association (IUA), and LIIBA, have welcomed the Chancellor of the Exchequer’s announcement that HM Treasury will proceed with introducing a UK regime for captiv...

Posted: Jul 15, 2025

Building on their existing partnership, Aviva is set to lead hyperexponential’s (hx) AI beta programme, spearheading the exploration of the newly launched Actuarial Agent within hx Renew. The Actuarial Agent will reportedly support a range of targ...

Posted: Jul 15, 2025

Conduit Holdings Limited, the ultimate parent company of Bermuda-based reinsurer Conduit Re, has announced the appointment of William Randolph as Chief Risk Officer. Based in Bermuda, Randolph will lead Conduit Re’s enterprise risk management func...

Posted: Jul 15, 2025

Bermuda-based life and annuity reinsurer Aspida Life Re has completed its second reinsurance transaction in Japan, effective June 1, 2025, marking a key milestone in its global expansion strategy. The deal was executed with a highly rated Japanese...

Posted: Jul 15, 2025

Starr Insurance has announced the appointment of PeiQi Lee as Head of Casualty, Asia Pacific. Based in Starr’s Singapore office, Lee will manage all technical underwriting within the Asia Casualty team and drive profitable growth across the region...

Posted: Jul 15, 2025

Global claims services provider McLarens has announced the appointment of Danny Miller as Chief Global Strategy Officer (CGSO), a newly created role within the firm’s Global Management Team (GMT). In his new role, Miller will focus on long-term st...

Posted: Jul 15, 2025

The insurance fronting model is rapidly maturing, moving beyond a race for scale to a focus on operational excellence, according to a recent report by Conning. This shift comes amid significant growth, increasing challenges, and a market shakeout...

Posted: Jul 15, 2025

MSIG Insurance (Malaysia) Bhd has announced that Chua Seck Guan, its Chief Executive Officer (CEO) since March 30th, 2010, retired on July 2nd, 2025, after a career spanning 42 years in the insurance industry, including 15 years at the firm. Follo...

Posted: Jul 15, 2025

According to the latest Renewable Energy Market Review by insurance broker Willis, a WTW business, the renewable energy market remains soft due to an oversupply of capacity, which is intensifying competition among insurers and continues to drive p...

Posted: Jul 14, 2025

Global insured catastrophe losses in H1 2025 could reach as high as $90 billion, according to Jefferies, making it the second-highest first-half total on record. This projected figure sharply exceeds both the $58 billion recorded in H1 2024 and th...

Posted: Jul 14, 2025

UK insurer Legal & General Assurance Society Limited (L&G) has completed a c.£800 million buy-in with the Honda Group, UK Pension Scheme (the Scheme). This secures the retirement benefits of over 1,700 retirees and over 3,000 deferred memb...

Posted: Jul 14, 2025

Gallagher UK has announced the appointment of Sarah Lyons as Specialty CEO, a London-based role. In her new role, Lyons will lead 1400 colleagues in the Specialty division, which support large clients across the globe with their insurance and risk...

Posted: Jul 14, 2025