Reinsurance News
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
The upcoming 2025 Atlantic hurricane season is expected to see “above average” activity, though likely less extreme than in 2024, with the reinsurance market appearing well-positioned to manage it, according to Acrisure Re, the re/insurance divisi...
Posted: May 30, 2025
AM Best has removed the under review with developing implications status it placed on Velocity Specialty Insurance Company (VSIC) earlier this year, upgrading its Financial Strength Rating to A from A- and its Long-Term Issuer Credit Rating (Long-...
Posted: May 30, 2025
Palomar Holdings has completed key reinsurance placements effective June 1, 2025, adding approximately $455 million in incremental limit to support its expanding Earthquake franchise, bringing total earthquake coverage to $3.53 billion and U.S. hu...
Posted: May 30, 2025
Steve Parker is to head up Vasek Insurance, part of Gallagher’s UK & Ireland Retail division, as Managing Director, taking over the role from James Collins, who has been appointed Managing Director to lead the firm’s UK-wide real estate offeri...
Posted: May 30, 2025
Florida headquartered property insurer American Integrity Insurance Group has completed the placement of its 2025-2026 catastrophe excess-of-loss reinsurance program, lifting the amount of limit secured by 45%, or $799 million year on year to $2.5...
Posted: May 30, 2025
Universal Insurance Holdings’ wholly-owned insurance subsidiaries have completed their combined reinsurance program for the 2025–2026 period, setting the top of their reinsurance tower for a single All States event (including Florida) at $2.526 bi...
Posted: May 30, 2025
Global shipping losses have fallen to their lowest level in decades—just 27 vessels in 2024, down from more than 200 annually in the 1990s—according to the Safety and Shipping Review 2025 by Allianz Commercial, the corporate insurance division of...
Posted: May 30, 2025
Global fintech Acrisure has entered into a definitive agreement to acquire Heartland Payroll Solutions, Global Payments’ payroll business, for $1.1 billion. Heartland Payroll is a payroll and human capital management (HCM) company in the United St...
Posted: May 30, 2025
Canadian managing general agent (MGA) Revau, a specialist in property and casualty insurance, is expanding its footprint in the US through its recent partnership with Brazos Specialty Risk Insurance and Twenty Mile Insurance Services, two independ...
Posted: May 30, 2025
kWh Analytics, a provider of climate insurance and risk management for renewable energy projects, has appointed Amy Nauiokas—Founder and Group CEO of Anthemis Group—to its Board of Directors. The move reinforces kWh Analytics’ ambition to scale it...
Posted: May 30, 2025
Italian headquartered insurer Generali has returned to the insurance-linked securities (ILS) market sponsoring a catastrophe bond issued by Lion Re DAC that comprises two classes of notes for a total of €200 million covering windstorms in Europe a...
Posted: May 29, 2025