Reinsurance News
Credit rating agency AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) on the unsecured debt and preferred equity of Canadian financ...
Posted: May 23, 2025
With a preliminary insured loss estimate ranging from $4 billion to $7 billion for the severe weather events across the U.S. between May 14 and 20, Gallagher Re’s Chief Science Officer and Meteorologist, Steve Bowen, has argued that it’...
Posted: May 23, 2025
S&P Global Ratings has raised its long-term issuer credit rating on QBE Insurance to ‘A’ from ‘A-‘, and has also raised the issuer credit and financial strength ratings on its core operating entities to ‘AA-‘...
Posted: May 23, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Jamie Chambers as Chief Executive Officer (CEO) of Greater China, effective June 20, 2025. In this expanded role, Chamb...
Posted: May 23, 2025
MAPFRE Economics, the research arm of MAPFRE, a Spanish-domiciled insurer, in its latest Economic and Industry Outlook report, notes that the insurance sector holds firm against President Trump’s tariffs. However, lower economic activity globally...
Posted: May 23, 2025
Great-West Lifeco Inc. has announced Lindsey Rix-Broom, currently CEO of Canada Life U.K., has been appointed as CEO, Europe, effective July 1, 2025. This move follows the news that David Harney, currently President & COO, Europe and Capital &...
Posted: May 23, 2025
Increased flood vulnerability in Texas has revealed a widening insurance gap that threatens to increase the financial loss of future flood events, a new report from the Neptune Research Group has revealed. Experts predict that over the next three...
Posted: May 23, 2025
Intact Insurance Specialty Solutions, the US insurance subsidiary of Intact Financial Corporation, has appointed Aaron Belair as its new President of Technology, North America (NA), based in San Francisco. In the role, he will focus on strengtheni...
Posted: May 23, 2025
Insurance and reinsurance Lloyd’s broker, United Insurance Brokers Ltd (UIBL), has announced the appointment of Sean Scales as Associate Director within its Marine Division. In his new role, Scales will focus on North American cargo and stock thro...
Posted: May 23, 2025
KBW, an investment bank focused on insurance and reinsurance markets, has provided a detailed outlook on the upcoming June 1, 2025, reinsurance renewals, along with projections for the January 1, 2026 renewal season. According to KBW’s recent disc...
Posted: May 22, 2025
In its latest report, Clearwater Analytics has disclosed that unaffiliated general account insurance assets under management (AUM) grew 24% year-over-year to a huge $4.5 trillion. The report, produced in partnership with DCS Financial Consulting a...
Posted: May 22, 2025
Insurance and reinsurance broker Protecdiv has appointed David Castillo to the newly created role of Executive Vice President (EVP) and National Construction Practice Leader. In the role, Castillo will lead the strategic growth and development of...
Posted: May 22, 2025
During its Capital Markets Day, specialist insurer Hiscox outlined its strategy to deliver attractive and sustainable returns for shareholders, stating that its ambition for the Retail segment is to accelerate premium growth to double digits by 20...
Posted: May 22, 2025
AM Best, the credit rating agency, has issued a cautionary statement regarding the US National Oceanic and Atmospheric Administration’s (NOAA) decision to cease updates to its billion-dollar weather disaster database, warning that this move could...
Posted: May 22, 2025
Regulated on-chain reinsurance company, Nayms, which has rebranded as OnRe, has launched ONe, an accumulating token for LPs, which currently offers projected returns of up to 36.5%, consisting of reinsurance performance, collateral yield, and toke...
Posted: May 22, 2025
On 22 May 2025, the Global Federation of Insurance Associations (GFIA), which represents the interests of insurers and reinsurers worldwide, called on the International Association of Insurance Supervisors (IAIS), the global standard-setting body...
Posted: May 22, 2025
Davies, a professional services and technology specialist serving the insurance market, has secured new credit facilities of £275 million ($370 million), from its existing lead lender Blackstone, to support the company’s growth. The new senior fac...
Posted: May 22, 2025
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited has announced the appointment of Hannah Greenwood as Chief Underwriting Officer (CUO) for Bermuda. In her new role, Greenwood will oversee Fidelis Insurance Bermuda’s underwrit...
Posted: May 22, 2025
Global insurer and reinsurer Everest has announced the appointment of Jim Lye as Head of Everest Global Markets (EGM), its London-based wholesale division. Lye joins from Antares Managing Agency Limited, where he spent 12 years in roles including...
Posted: May 22, 2025
BMS Group, an independent global insurance and reinsurance broker, has expanded its presence in the Turkish market with the acquisition of Istanbul-based Oria Sigorta ve Reasürans Brokerliği A.Ş. Owned and Chaired by Cenk Erden, Oria is an indepen...
Posted: May 22, 2025
Descartes Underwriting, a provider of corporate parametric insurance solutions specialising in climate, cyber, and emerging risks, has revealed two important senior appointments aimed at strengthening its operations and claims functions. These new...
Posted: May 22, 2025
Demand for political risk insurance has gone up by 33% due to considerable uncertainty around the geopolitical and macroeconomic environment, a new Howden report has revealed. The ‘Opportunity in flux’ highlights how increased geopolitical rivalri...
Posted: May 22, 2025
Tamika Puckett has been appointed as Executive Vice President and Public Sector Practice Leader, at Protecdiv, where she will lead the development and execution of the firm’s risk management strategies for public sector clients, overseeing a...
Posted: May 22, 2025
HDI Global, a commercial and specialty lines insurer, reported an improved combined ratio of 91.1% for the first quarter of 2025, compared to 91.8% in the same period last year. The net insurance financial and investment result before currency eff...
Posted: May 22, 2025
Italian insurer Generali has reported growth in its consolidated operating result of 8.6% to €2.1 billion for the first quarter of 2025, driven by all business segments, notably its Property and Casualty (P&C) arm as the combined ratio strengt...
Posted: May 22, 2025