Reinsurance News

Roots, a provider of AI-powered solutions for the insurance industry, has announced the appointment of Robin Spaulding as Head of Insurance. In this role, Spaulding will lead the ongoing development of Roots’ insurance capabilities, focusing on he...

Posted: May 21, 2025

Although the property and casualty (P&C) operations of reinsurers Munich Re, Swiss Re, Hannover Re, and SCOR were hit by elevated large loss costs in the first quarter of 2025, driven by the historic Los Angeles wildfires, analysts at Fitch Ra...

Posted: May 20, 2025

Global reinsurer Hannover Re has announced the appointment of Vincent Hermenier as Managing Director. He will be taking over the role from Sigrid Klass, who will be retiring from the company June 30, 2025 after more than 35 years of service. As MD...

Posted: May 20, 2025

The Cyclone Reinsurance Pool, a reinsurance arrangement between insurers and Australian Reinsurance Pool Corporation (ARPC), has significantly reduced insurance premiums and improved insurance availability for Australians living in cyclone-prone a...

Posted: May 20, 2025

Global insurer and reinsurer Everest Group has announced the appointment of Darryl Page as an independent, non-executive member of its Board of Directors. Page currently serves as a Trustee, Treasurer, and Chair-Elect on the Board of the Dominican...

Posted: May 20, 2025

The Insurance Information Institute (Triple-I) has released its latest wildfire Issues Brief, revealing a significant rise in wildfire risk across all regions of the United States. Data from the National Interagency Coordination Center (NICC) show...

Posted: May 20, 2025

Willis, a WTW business, has announced the appointment of Grant Williamson as Canada leader within the Corporate Risk and Broking (CRB) business. Based in Toronto, Williamson will leverage his two decades of industry experience to drive the Canadia...

Posted: May 20, 2025

The Deutsche Rück Group reported a strong performance for the 2024 financial year, with gross premiums written increasing across all business segments, up 18.3% year-over-year to approximately €2.1 billion. According to the firm, this growth was d...

Posted: May 20, 2025

Origin Specialty, a partner company of Beyond Risk, is combining its deep expertise in hospitality underwriting with Emerald Bay’s strong financial backing and collaborative approach for the launch of a new Specialty Property Insurance Program. Ta...

Posted: May 20, 2025

Marsh, an insurance broker and risk advisor within Marsh McLennan, has been appointed by the Australian Government to the Maritime Insurance Program (MIP), which encompasses all aspects of the country’s naval shipbuilding, sustainment, and moderni...

Posted: May 20, 2025

Tokio Marine Holdings has announced its full year 2024 financial results for its International business, reporting JPY 428.4 million in profits, a 2% decrease compared to 2023’s JPY 436.9 million. According to the firm, the decrease was mainly due...

Posted: May 20, 2025

Global insurer and reinsurer MS Amlin Underwriting Limited (MS AUL) has reported a net income of £149 million for the full year 2024, representing a reduction of £47 million compared to the £197 million recorded the year prior. The company attribu...

Posted: May 20, 2025

A new report from Howden has revealed that the European agriculture sector loses an average of €28 billion annually due to adverse weather, with farmers bearing 70–80% of all weather-related farm losses, highlighting a significant insurance protec...

Posted: May 20, 2025

AM Best, a credit rating agency and provider of financial data and analysis for the insurance industry, reports that insurers offering directors and officers (D&O) liability coverage in the US recorded their most favourable loss experience in...

Posted: May 20, 2025

MS Reinsurance (MS Re), a Switzerland-domiciled global reinsurer, has reported growth of 17.6% in gross written premiums (GWP) to $3.6 billion for full year 2024, up from $3.1 billion in 2023, driven by top line growth in a favourable market envir...

Posted: May 20, 2025

MarshBerry, a global M&A and investment advisor for insurance brokers, Managing General Agents (MGAs) and wealth management firms, continues its European growth strategy with the establishment of a presence in Germany, Austria, and Switzerland...

Posted: May 20, 2025

Sompo International has reported an adjusted profit of $1.38 billion for the 2024 financial year (FY2024), an increase of $230 million year-over-year, driven by robust top-line growth, reduced adverse prior-year development, and higher net investm...

Posted: May 20, 2025

Commercial and specialty lines insurer HDI Global has announced the appointment of Phil McDowell as Global Sales & Distribution Lead for International Programmes and Captives. Based in London, McDowell will work within the global International...

Posted: May 20, 2025

Vincent J. Gaffigan has been appointed U.S. Market Strategy and Engagement Group Leader at Lockton, reporting to Devin Beresheim, Lockton U.S. Risk Solutions Leader. Gaffigan will leverage his 35 years in the industry to strengthen the company’s d...

Posted: May 20, 2025

Bermuda-domiciled insurer and reinsurer Hamilton Insurance Group has appointed David Priebe and Karen Green to its Board of Directors, effective May 15th, 2025. Simultaneously, long-standing Director, Bill Freda, who has served on the Board since...

Posted: May 20, 2025

The broader property and casualty (P&C) insurance trend is expected to remain steady through 2025, with personal lines and brokers likely leading on the earnings growth front, however, sector valuations are becoming less attractive as earnings...

Posted: May 20, 2025

Zurich Insurance Asia Pacific has announced the appointment of Theo Pitsikas as Head of SME APAC, in which he will be responsible for leading efforts across Asia Pacific markets to strengthen the group’s presence within the Small to Medium Size En...

Posted: May 20, 2025

Global insurance and reinsurance broker Aon has expanded its reinsurance casualty collaboration with Moody’s Insurance Solutions into commercial risk. Building on the initial success in casualty reinsurance, the collaboration will now delive...

Posted: May 19, 2025

Global insurer Chubb has announced the appointment of Tim Boroughs as Vice Chairman, Chubb Group and Executive Chairman, Asset Management, and the promotion of Chris Hogan to Senior Vice President, Chubb Group and Chief Investment Officer. Chubb C...

Posted: May 19, 2025

April investments in four Chinese insurers by foreign shareholders signals growing international appetite in the country’s re/insurance industry, media group Yicai Global highlighted in a recent publication. This group includes four local insurers...

Posted: May 19, 2025