Reinsurance News
As Patrick Tiernan steps into his role as CEO of the specialist Lloyd’s insurance and reinsurance marketplace, he has emphasised that the organisation’s primary focus should be on activities that drive sustainable profitability and maintain underw...
Posted: Jun 02, 2025
Safehold Special Risk, a division of Innovation Growth Partners Specialty, LLC, has partnered with Concert Specialty Insurance, a member company of Concert Group, to launch a new specialised equipment coverage program. The Safehold Specialized Equ...
Posted: Jun 02, 2025
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has announced a number of changes to its Executive Team, effective immediately. This update follows the recent appointment of Patrick Tiernan as Lloyd’s Chief Executive...
Posted: Jun 02, 2025
Global specialty insurer Fidelis Insurance Group has successfully closed the seventh iteration of its Herbie Re catastrophe bond, providing the group with $90 million of collateralized reinsurance protection. The newly issued Series 2025-1 Notes w...
Posted: Jun 02, 2025
The Geneva Association, a global association of re/insurance companies with CEOs of carriers from the around the world as its members, has added Andreas Berger, Chief Executive Officer (CEO) of reinsurer Swiss Re and Andrew F. Sullivan, CEO of Pru...
Posted: Jun 02, 2025
Property and reinsurance lines remain the primary drivers of premium growth and profitability for Lloyd’s of London syndicates, according to a new report from Howden Re. The firm’s latest analysis of Lloyd’s syndicate performance offers a detailed...
Posted: Jun 02, 2025
Global reinsurance broker Gallagher Re has announced the appointment of Ben Lyon as CEO of Gallagher Securities Limited (UK) and Head of Capital Advisory, based in London. Gallagher Securities is the insurance-linked securities (ILS) and capital m...
Posted: Jun 02, 2025
American Coastal Insurance Corp. (ACIC) has renewed its core catastrophe reinsurance program (Core CAT) for 2025/26, purchasing approximately $1.676 billion of occurrence-based limit in the aggregate, an increase of $62.4 million, or 3.9%, from 20...
Posted: Jun 02, 2025
Optio Group (Optio), an independent specialty managing general agent (MGA), has announced the successful rollout of its new political violence and terrorism (PVT) binders. The product offers a coverage limit of USD 150 million, designed to safegua...
Posted: Jun 02, 2025
Global specialty insurance and reinsurance broker McGill and Partners has entered into a digital-first partnership with AXA XL’s UK & Lloyd’s Business, aimed at enhancing efficiency in risk placement. The initiative aligns AXA XL’s risk appeti...
Posted: Jun 02, 2025
Markel, the insurance division of Markel Group Inc., has completed its acquisition of The MECO Group Limited, a specialist marine managing general agent (MGA), following regulatory approvals. The transaction follows Markel’s April 2025 announcemen...
Posted: Jun 02, 2025
Canopius, a global specialty insurer and reinsurer, has announced the appointments of Brodie English as Head of Casualty, Australia and New Zealand, and Rob Barnum as Head of Financial Lines, APAC, both effective 1st June, 2025. In his new role, E...
Posted: Jun 02, 2025
Re/insurers are better positioned to withstand the 2025 hurricane season and other potential catastrophic events, thanks to recent premium rate increases, surplus growth among property and casualty (P&C) insurers, and favourable legislative re...
Posted: Jun 02, 2025
MultiStrat, a specialist underwriter and reinsurance investment platform, has announced the appointment of Weston Tompkins as Executive Director within its Capital Markets team. Tompkins will leverage his over three decades of experience in the in...
Posted: Jun 02, 2025
Vermont, one of the domiciles for captive insurance companies in the United States, has enacted important updates to its captive insurance laws through the 2025 housekeeping bill, H.137. Signed into law by Governor Phil Scott on May 19, 2025, this...
Posted: Jun 02, 2025
Most UK businesses are rapidly embracing Artificial Intelligence (AI), with 95% already using or looking into it, despite an increase in cyberthreats, with 80% of businesses in the country believing cyber risks are on the rise and over half (53%)...
Posted: Jun 02, 2025
Brazilian reinsurer IRB(Re), via its wholly owned subsidiary, Andrina Special Purpose Insurance Entity (SSPE), has issued the first insurance-linked securities (ILS) transaction in the country, a R$33.7 million transaction (USD 5.9m) covering risk...
Posted: May 30, 2025
Berenberg, a private bank and financial institution in Europe, has released new analysis highlighting a clear trend across the London insurance market: stronger pricing discipline is holding, driven by structural changes in the global reinsurance...
Posted: May 30, 2025
Dai-ichi Life Holdings, Inc., a Japanese life insurance company, and M&G, an international asset manager and asset owner, have announced a long-term strategic partnership involving asset management and life insurance. Under this agreement, M&#...
Posted: May 30, 2025
Global multiline insurers (GMIs) are expected to report stable profits or a low single-digit increase in profits in 2025, compared with 2023-2024, S&P revealed in a recent report. “We anticipate aggregate earnings of $65 billion-$75 bill...
Posted: May 30, 2025
US Coastal Insurance Company (USCIC) and US Coastal Property and Casualty Insurance Company (USCPC)—together known as US Coastal—have sponsored a debut catastrophe bond, securing $330 million in US named storm reinsurance through its Chartwell Re...
Posted: May 30, 2025
Aon, a professional services firm specialising in risk, retirement, and health solutions, has released its latest Weekly Catastrophe Report highlighting severe weather impacts across the United States. Over the past week, the southern US experienc...
Posted: May 30, 2025
Arden Insurance Services, a tech-enabled managing general agency (MGA), has surpassed $300 million of in-force premium since its founding in June 2016. This major milestone means Arden now insures over $175 billion of total insured value. The MGA...
Posted: May 30, 2025
Florida’s personal property insurance market reported a significant recovery in 2024, posting its first underwriting profit after eight consecutive years of losses, according to a recent AM Best report. The sector also recorded a substantial incre...
Posted: May 30, 2025
Markel Insurance, the insurance arm of Markel Group Inc., has appointed Lee Mooney to lead its UK regional business, succeeding Neil Galjaard, who will step down from his role towards the end of June. Galjaard has served as Divisional Managing Dir...
Posted: May 30, 2025