Reinsurance News

According to findings from Aon’s 2025 Cyber Risk Report, cyber incidents in the Asia Pacific (APAC) region in 2024 rose by 29% year-over-year, and have increased by 134% since 2020. The insurance and reinsurance broker’s report reveals...

Posted: Aug 12, 2025

Over three-quarters (77%) of MGAs say the claims process with carriers needs improvement, up from 59% in 2023, with 91% of carriers sharing this view, according to the MGA Opinion Report by Clyde & Co in collaboration with the MGAA. The report...

Posted: Aug 11, 2025

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, professional, and cyber insurance solutions, has appointed Franco Masciovecchio as its new Country Manager for Switzerland. Masciovecchio brings over 30 ye...

Posted: Aug 11, 2025

Insurer and reinsurer Lancashire Holdings Limited has announced a number of senior management changes at Lancashire Syndicates Limited and Lancashire Insurance Company Limited, as well as additional senior underwriting appointments. John Spence, C...

Posted: Aug 11, 2025

WTW, an insurance and reinsurance broking group, has announced the appointment of Nicholas Carbo as Senior Director to its Insurance Consulting & Technology (ICT) business, a Florida-based role. In his new position, Carbo will be responsible f...

Posted: Aug 11, 2025

Howden Group, a UK-headquartered insurance broker and reinsurance intermediary, has completed a repricing of its US$3.1bn Term Loan B due 2031 and its £765m Revolving Credit Facility (RCF). The changes, finalised on 8 August, cut the Term Loan B m...

Posted: Aug 11, 2025

ISS Sustainability Solutions, the sustainable investment division of ISS STOXX, has acquired Sust Global, a provider of geospatial risk modelling and analytics. The move aims to enhance ISS Sustainability Solutions’ ability to offer institutional...

Posted: Aug 11, 2025

Yong Li has joined NormanMax Insurance Solutions, a Lloyd’s coverholder and parametric re/insurance solutions provider, as President, Climate & Alternative Risk Solutions. With over two decades of experience, Li is a seasoned expert in commodi...

Posted: Aug 11, 2025

Uzbekistan is preparing to launch its first national reinsurance company, the Reinsurance Company of Uzbekistan (RCU), in a move that international credit rating agency S&P Global Ratings describes as strategically important but highly depende...

Posted: Aug 11, 2025

Hiscox, a global specialist insurer, has announced the appointment of Adrees Tinkler from Allianz to lead a new Alternative Risk Transfer (ART) team within its London Market business. Tinkler will be based in London and is set to join Hiscox later...

Posted: Aug 11, 2025

Argo Group International Holdings, Ltd. reported a net income of $58.8 million for the second quarter of 2025, marking a significant 362.2% increase compared to $12.7 million in the same quarter a year earlier. Net income attributable to common sh...

Posted: Aug 11, 2025

In a Reinsurance News interview, IQUW—a property and specialty re/insurance business—shared insights into how SRCC (strikes, riots, and civil commotion) risks are evolving and how the industry is adapting. Speaking on behalf of the company were Ka...

Posted: Aug 11, 2025

TD Bank Group expects catastrophe claims of approximately $36 million, after reinsurance and before tax, to be reflected in its Wealth Management & Insurance segment results for the third quarter. This is significantly lower than the $186 mill...

Posted: Aug 11, 2025

Conor O’Riordan has been promoted to Group Chief Financial Officer (CFO) at The Fidelis Partnership (TFP), succeeding Hinal Patel, who is leaving the business for health reasons. As CFO, O’Riordan will oversee the financial reporting, planning, tr...

Posted: Aug 11, 2025

Pension Insurance Corporation plc (PIC), a specialist in insuring defined benefit pension schemes, has finalised a £4.3 billion buy-in with the Rolls-Royce UK Pension Fund. This landmark agreement safeguards the Fund’s outstanding liabilities, ens...

Posted: Aug 11, 2025

Australian insurer QBE has reported a statutory net profit after tax of $1.02 billion for the first half of 2025, a 27.4% increase from $802 million in the same period a year earlier. Adjusted net profit after tax was $997 million, up from $777 mi...

Posted: Aug 11, 2025

Moody’s Ratings has upgraded Klapton Reinsurance Limited’s (KlaptonRe) Insurance Financial Strength Rating (IFSR) to Caa1 from Caa2, while maintaining a stable outlook. According to Moody’s, the upgrade reflects KlaptonRe’s significant growth in b...

Posted: Aug 11, 2025

A subsidiary of Prudential Financial, Inc. has entered into a $4 billion longevity reinsurance risk transfer agreement with NN Life & Pensions, a subsidiary of NN Group, covering around 96,000 policyholders with The Prudential Insurance Compan...

Posted: Aug 11, 2025

Aon, a global insurance and reinsurance broking group, has released its 2025 Catastrophe Risk Management Survey, gathering responses from senior insurance executives on how catastrophe modelling tools are used across key processes such as portfoli...

Posted: Aug 11, 2025

Global Indemnity Group, LLC (GBLI) has reported that current accident year underwriting income grew 61% to $5.6 million for the second quarter of 2025, compared to $3.5 million in the comparable prior year quarter. In Q2’25, the firm recorded cont...

Posted: Aug 11, 2025

Chedid Capital, an investment and advisory group in the re/insurance industry, has announced the launch of Momentum Risk Solutions UK, a new Managing General Agent (MGA) headquartered in London. Known for its broad presence in the GCC, Asia, the M...

Posted: Aug 11, 2025

Trisura Group Ltd., a specialty insurance provider, reported an operating net income of $33.3 million for the second quarter of 2025, up 6.4% from $31.3 million in the same quarter a year earlier, driven by growth in underwriting income and net in...

Posted: Aug 11, 2025

Gallagher Bassett, the provider of risk and claims management services and a wholly owned subsidiary of Arthur J. Gallagher & Co., has appointed Sarah Penny as Client Services Director for UK operations, reporting to John Fearn, Chief Operatin...

Posted: Aug 11, 2025

American Coastal Insurance Corporation, a property and casualty insurance holding company, reported a net income of $26.4 million for the second quarter of 2025, representing a 38.8% increase compared to $19.1 million in the same quarter a year ea...

Posted: Aug 08, 2025

ICW Group Insurance Companies, a group of property and casualty insurers offering a range of commercial insurance products nationwide, has promoted Iva Yuan to the role of Chief Actuary, Head of Reserving, Pricing, and Product. In this key positio...

Posted: Aug 08, 2025