Reinsurance News
Brazilian reinsurer IRB(Re) reported a net income of R$ 144 million for the second quarter of 2025, representing a significant 120% increase from R$ 65 million in the prior year quarter. The company attributed this strong performance to financial...
Posted: Aug 15, 2025
SCOR has confirmed that the arbitration tribunal overseeing its dispute with Covéa over June 2021 retrocession treaties will keep to the original timetable, with a final ruling expected in 2026. Providing some background, in 2022, SCOR filed an ar...
Posted: Aug 15, 2025
MNRB Holdings Berhad (MNRB), has reported its financial results for the first quarter ending June 30th, 2025 (Q1 FY’26), including a best opening quarter performance since inception with profit after tax (PAT) of RM168.4 million (USD 39.9m), up 82...
Posted: Aug 15, 2025
Specialist insurer Hiscox has announced the appointment of Matthew Budd as Group Head of Technical Claims, a newly created role. Based in London, Budd will be responsible for overseeing the Group’s technical claims operations as the business conti...
Posted: Aug 15, 2025
In their mid-year letter to shareholders, reinsurance company Swiss Re’s Chairman Jacques de Vaucleroy and Group Chief Executive Officer, Andreas Berger stressed the importance of maintaining vigilance, even in a period of strong operational perfo...
Posted: Aug 15, 2025
Willis, a WTW business, has announced the appointment of Azad Kumar as Growth Leader for Energy, Construction, and Marine in India. Based in Mumbai, Kumar will play a key role in shaping Willis’ specialisation strategy and supporting clients in th...
Posted: Aug 15, 2025
B.P. Marsh & Partners Plc, a London-listed investment firm specialising in early-stage and niche financial services businesses, has agreed to invest up to $5 million in Gambit Risk Finance LLC, a newly created reinsurance company tied to its U...
Posted: Aug 15, 2025
HDI Global Insurance Company, the U.S. carrier of HDI Global SE, has appointed Fellipe Aguiar to the newly created role of Head of Energy & Power Underwriting U.S. for its cross-division Energy & Power Unit. Aguiar’s team will manage compl...
Posted: Aug 15, 2025
The Pacific Catastrophe Risk Insurance Company (PCRIC), a donor funded entity established to provide Pacific Island nations with access to disaster risk insurance and related services, has made a payout of $285,000 under the tsunami component of i...
Posted: Aug 15, 2025
Third Point LLC (TPIL ), a New York-based alternative asset manager, has secured shareholder approval for its acquisition of Malibu Life Reinsurance SPC, a life and annuity reinsurance platform. The vote, which took place at the firm’s extraordina...
Posted: Aug 14, 2025
Insurtech Gateway, a specialist insurtech incubator, has received authorisation to trade within the specialist Lloyd’s market, the world’s oldest insurance and reinsurance marketplace. This milestone strengthens Insurtech Gateway’s platform...
Posted: Aug 14, 2025
Bermuda-based reinsurer PartnerRe has announced the appointment of Brian Newman as Chief Data and Operations Officer, Life & Health (L&H). Newman brings extensive experience to the role, having spent six years at Hannover Life Re US, where...
Posted: Aug 14, 2025
Qatar Insurance Company (QIC Group) has reported an increase of 17% year on year in gross written premiums (GWP) to QAR 5.7 billion in the first half of 2025, as it continued to enhance the risk diversification of its underwriting portfolio, growi...
Posted: Aug 14, 2025
The Lloyd’s Market Association (LMA) has advised its member insurers to review their exposures to Russian oil in response to upcoming changes to the Oil Price Cap regime for the UK and EU. The Oil Price Cap is a sanctions regime run by the G7, the...
Posted: Aug 14, 2025
AXIS Capital has revealed that Matthew Kirk will succeed Peter J. Vogt as the firm’s Chief Financial Officer, effective March 2026. As part of a planned leadership transition, Vogt will act as a strategic advisor to AXIS Capital through the...
Posted: Aug 14, 2025
As the global reinsurance market enters a period of sustained profitability and stability, disciplined capital deployment and strong underwriting remain crucial, a recent AM Best report has revealed. The Best’s Market Segment Report, “Reinsurers’...
Posted: Aug 14, 2025
Australian insurer Suncorp Group has revealed that net profit after tax (NPAT) for FY2025 was $1.823 billion, up from $1.197 billion in 2024, while cash earnings increased to $1.486 billion from $1.372 billion. According to the firm, FY2025 NPAT i...
Posted: Aug 14, 2025
Atrium, a specialty insurance group at Lloyd’s, has entered the Credit and Political Risk market with the appointment of a new team led by Richard Lamb. Lamb will be joined by Beth MacGregor and Adam Vulliamy. Together, they aim to create one of L...
Posted: Aug 14, 2025
Sollers Consulting, a software integrator and operational advisor, has opened its first permanent office in the United States, in Chicago, marking a significant milestone as it expands its footprint into the world’s largest insurance market. The U...
Posted: Aug 14, 2025
Legal & General Group plc, a UK-based multinational financial services company specialising in insurance, asset management, and retirement solutions, has released its 2025 Global Pension Risk Transfer (PRT) Monitor. The report forecasts that o...
Posted: Aug 14, 2025
Sompo Holdings, Inc. has posted results for its overseas insurance/reinsurance business for the first quarter of the 2025 financial year, reporting a global reinsurance combined ratio of 85.8%, down 10.9 points from 96.7% a year earlier, due to be...
Posted: Aug 14, 2025
The Vesttoo Creditors Liquidating Trust, an independent fiduciary appointed by the U.S. Bankruptcy Court for the District of Delaware, has filed a complaint in the Court against Aon, China Construction Bank, and certain entities and individuals fo...
Posted: Aug 14, 2025
Andreas Berger, Group Chief Executive Officer (CEO) of reinsurance giant Swiss Re, said this morning that the current healthy and constructive reinsurance market environment needs to be the new normal as companies must earn their cost of capital....
Posted: Aug 14, 2025
Verisk, a global data analytics and technology provider, has announced the appointment of Eric Spear as Chief Technology Officer (CTO) for Verisk’s Extreme Event Solutions. “We’re thrilled to welcome Eric to Verisk,” said Rob Newbold, president of...
Posted: Aug 14, 2025
British insurer Aviva has reported an operating profit of £1.1 billion in the first half of 2025, representing a 22% increase from £875 million in the same period a year earlier. General insurance premiums increased 7% to £6.3 billion in H1’25 fro...
Posted: Aug 14, 2025