Reinsurance News
A new report from the Swiss Re Institute has revealed that global insured losses reached $146 billion in 2024, up from $125 billion in 2023 and significantly exceeding the 10-year average of $108 billion. Natural catastrophes accounted for $137 bi...
Posted: May 13, 2025
Christoph Jurecka, Chief Financial Officer (CFO) of global reinsurance company Munich Re, said today that while it’s still early days, the firm is optimistic ahead of the key mid-year reinsurance renewals as pricing remains attractive despit...
Posted: May 13, 2025
Mark Newman, Chief Executive Officer of Canopius UK and Canopius Managing Agents, has joined the Lloyd’s Market Association (LMA) board as Kate Roy, Group Chief Operating Officer of Canopius, has stepped down. Newman has served as Canopius UK CEO...
Posted: May 13, 2025
Sven Althoff, Executive Board Member for Property & Casualty at Hannover Re, has indicated that the upcoming mid-year renewals are expected to mirror the outcomes seen on January 1 and April 1, particularly with continued softening in property...
Posted: May 13, 2025
Zurich Singapore, part of the global insurance group, has strengthened its Commercial Insurance business segment with the appointment of Christy Yeo as Head of Property and Wendy Ong as Head of Financial Lines. The pair will report to Alexandra Co...
Posted: May 13, 2025
Willis, a WTW business, has launched FinTech Plus, an insurance solution for FinTech firms navigating scale, complexity, and regulatory evolution globally. The unified solution aims to address the financial risk landscape, which includes options f...
Posted: May 13, 2025
Reinsurance broker Gallagher Re has appointed Satoshi Yamazaki, who has worked in reinsurance hubs in London, Bermuda, Zurich, and Singapore, as a Senior Manager, based in Tokyo. Yamazaki joins the broker after almost eight years with reinsurer Sw...
Posted: May 13, 2025
Hannover Re has reported a group net income of €480 million for Q1 2025, marking a 13.9% year-on-year decline, primarily driven by large losses in property and casualty reinsurance, which totalled €765 million and significantly exceeded the budget...
Posted: May 13, 2025
Reinsurance industry giant Munich Re has today reported a net result of €1.1 billion for the first quarter of 2025, despite losses from the Los Angeles, California wildfires in January of around €1.1 billion, which pushed the combined ratios for p...
Posted: May 13, 2025
HSBC Group has received approval from the Insurance Authority (IA) to set up a captive insurance company, Wayfoong (Asia) Limited, in Hong Kong, which has become the first captive insurer established in the city by a multinational enterprise. A ca...
Posted: May 13, 2025
AM Best, the credit rating agency, has reaffirmed its stable outlook for Chile’s insurance market, attributing its assessment to continued growth in premiums, consistent profitability, and a more robust regulatory framework. These findings are det...
Posted: May 13, 2025
The legacy and reinsurance market, once viewed as a niche or reactive segment of the insurance sector, has now become a central component of capital management strategies and long-term planning. That was the consistent theme emerging from this yea...
Posted: May 12, 2025
International reinsurer Arundo Re has announced the appointment of Guillaume Bergot as Non-Life Underwriter for the French market. With over a decade of experience in the reinsurance industry, Bergot is joining Arundo Re from Gallagher Re, where h...
Posted: May 12, 2025
International reinsurer Arundo Re has announced the appointment of Guillaume Bergot as Non-Life Underwriter for the French, Belgian and Luxembourg markets. With over a decade of experience in the reinsurance industry, Bergot is joining Arundo Re f...
Posted: May 12, 2025
Hub International Limited (HUB), a global insurance brokerage and financial services firm, has secured a minority common equity investment of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation. T. Rowe Price Invest...
Posted: May 12, 2025
Ivans, a division of Applied Systems, has reported a year over year increase in average premium renewal rates across all major commercial lines of business, except for Workers’ Compensation which experienced a decrease in April. Month over month,...
Posted: May 12, 2025
DWF, a provider of integrated legal and business services, has announced the appointment of Kathleen Buck as President of its US claims team within the Claims Management and Adjusting (CMA) division. With a wealth of experience in the insurance se...
Posted: May 12, 2025
Catastrophic risk modelling software provider KatRisk has acquired Gamma, a location intelligence and property-level risk assessment firm. According to KatRisk, the acquisition strengthens its commitment to innovation, enhances its technical exper...
Posted: May 12, 2025
A new survey from NEXT Insurance, a digital insurtech company focused on serving small businesses, reveals that economic pressures remain intense for entrepreneurs heading into 2025. The findings, drawn from a sample of 500 small business owners a...
Posted: May 12, 2025
Home insurance group Hippo, has announced its financial results for the first quarter of 2025, reporting year-on-year revenue growth of 30% to $110 million, with net loss increasing by $12 million to $48 million, with the Los Angeles wildfires con...
Posted: May 12, 2025
MAPFRE, a Spanish insurer and insurance group in Latin America, has become the first IBEX 35-listed company to introduce a formal set of principles for the responsible development and use of artificial intelligence (AI). The company has launched i...
Posted: May 12, 2025
A new PwC report on non-life insurance run-off deals has revealed that in Q1 2025, 8 acquirers publicly announced 11 deals, 9 of which disclosed transferred reserves totalling nearly $1bn, with the UK and Ireland dominating by accounting for 9 of...
Posted: May 12, 2025
Hamilton Insurance Group, a Bermuda-based insurance and reinsurance provider known for its underwriting platforms, is making the most of favourable conditions in the casualty market—bolstered by a recent credit rating upgrade from AM Best, the cre...
Posted: May 12, 2025
Broker Insights, a data analytics and digital distribution provider for commercial insurance, has reached £10 billion in gross written premium (GWP) uploaded to its Vision platform across the UK, EU, and US. According to the firm, this new milesto...
Posted: May 12, 2025
Insurance and reinsurance broking group Gallagher has appointed Clare Francis as an Independent Non-Executive Director of Arthur J. Gallagher Holdings (UK) Limited. Additionally, as part of her role, she will become the Chair of the Remuneration C...
Posted: May 12, 2025