Reinsurance News
Florida domiciled Neptune Flood, a private flood insurance provider, has surpassed $300 million in premium in force, over 235,000 policyholders, and over $100 billion of insured value. These milestones underscores the firm’s commitment to th...
Posted: May 02, 2025
CRC Group, a wholesale specialty insurance distributor in North America, has acquired ARC Excess & Surplus, LLC (ARC), one of the country’s largest specialty wholesale insurance distributors, adding significant scale and capabilities to its gr...
Posted: May 02, 2025
Jim Williamson, CEO of Bermuda-based re/insurer Everest, said today that he expects the mid-year reinsurance renewals to be attractive, and that he doesn’t see property catastrophe reinsurance rates decreasing to a level that makes it a less...
Posted: May 01, 2025
Coalition, an active insurer focused on preventing digital risks through its subsidiary, Coalition Insurance Solutions, a filial of Coalition Insurance Solutions GmbH, Tyskland, has launched its Active Cyber Insurance in the Nordic region. The off...
Posted: May 01, 2025
Tokio Marine HCC International (TMHCCI), the London-based subsidiary of insurance group Tokio Marine HCC, has announced a leadership transition as Thibaud Hervy steps into the role of Chief Executive Officer (CEO), subject to regulatory approval....
Posted: May 01, 2025
Simon West, Director of Customer Engagement at Resilience, commented on the recent cyberattacks targeting Marks & Spencer (M&S) and Co-op, stressing that the incident is particularly concerning due to the attackers’ use of advanced t...
Posted: May 01, 2025
Bermuda-based re/insurers are expected to face gross claim losses nearing US$10 billion in payments to policyholders and cedants in the United States following the catastrophic January 2025 wildfires in Southern California. These fires, which have...
Posted: May 01, 2025
Paul Cooper, CFO of specialist insurer Hiscox, said today that the company’s strong level of return within London Market and Re & ILS is a reflection of the excellent rating environment over the past couple of years. Hiscox, a specialist...
Posted: May 01, 2025
US primary insurer Allstate has completed the placement of its 2025-2026 Nationwide Excess Catastrophe Reinsurance Program, lifting the top of the tower by around $1.6 billion to $9.5 billion of loss, excess a $1 billion retention. At this year...
Posted: May 01, 2025
WTW, an advisory, broking, and solutions firm, has launched Radar Vision, an AI-driven performance monitoring tool built specifically for insurers that provides early actionable insights for pricing, portfolio management, underwriting, and claims,...
Posted: May 01, 2025
Surendra Singupalli has joined Munich Re India as Head of Property Treaty Underwriting, bringing around 16 years of industry experience to the role. Singupalli has been with the reinsurer since 2016, having joined Munich Re Singapore as Senior Pro...
Posted: May 01, 2025
Talcott Financial Group, a life insurance provider specialising in risk solutions, has entered into a block reinsurance transaction of approximately $10 billion through its subsidiary, Talcott Resolution Life Insurance Company (Talcott Resolution)...
Posted: May 01, 2025
The Hanover Insurance Group has announced its financial results for the first quarter of 2025, reporting a net income of $128.2 million, catastrophe losses of $95.6 million, and a combined ratio of 94.1%. This year’s Q1 net income compares to the...
Posted: May 01, 2025
The Allstate Corporation, a publicly held personal lines insurers in the United States, reported first quarter 2025 financial results reflecting a solid underwriting result and disciplined risk management, even in the face of severe weather events...
Posted: May 01, 2025
Howden Re, the reinsurance division of borking group Howden, has announced the promotion of Cynthia Cui to Head of Asia-Pacific (APAC) Facultative Reinsurance at Howden Re International. In her new role, Cui will lead the continued expansion of Ho...
Posted: May 01, 2025
Bermuda-based insurer and reinsurer Lancashire Holdings Limited reported a 12.7% year-on-year increase in gross premiums written (GPW) to $712.1 million for the three months ended 31 March 2025, up from $631.7 million in the same period last year....
Posted: May 01, 2025
Accredited Insurance Holdings Inc., a specialty programme insurer, has announced a series of key senior appointments to strengthen its leadership team in the UK and Europe. Laure Kearns will join the company in July as UK Chief Underwriting Office...
Posted: May 01, 2025
Bermuda-based insurer and reinsurer AXIS Capital Holdings has reported an improved combined ratio of 90.2% for the first quarter of 2025, up 0.9 points on the prior year, with stronger underwriting income in both its insurance and reinsurance segm...
Posted: May 01, 2025
Bermuda-domiciled insurer and reinsurer Everest Group has reported $472 million of pre-tax catastrophe losses, net of recoveries and reinstatement premiums, in the first quarter of 2025, primarily driven by the California wildfires, compared to $8...
Posted: May 01, 2025
MS Transverse, a hybrid fronting carrier in North America and a subsidiary of MSIGH, has appointed Pete Chandler as Chief Revenue Officer, meanwhile, Ethan Allen has been promoted to Chief Program Officer. The company has also announced that Paul...
Posted: May 01, 2025
Specialist insurer Hiscox has reported an increase in Group insurance contract written premiums (ICWP) of 2.4% to $1.6 billion for the first quarter of 2025, with growth in Retail and London Market slightly offset by a decrease in the Re & ILS...
Posted: May 01, 2025
Insurer and reinsurer Markel Group’s operating income declined to $282.5 million in the first quarter of 2025 compared with $1.34 billion in the prior year quarter, as the company’s combined ratio rose slightly to 95.8% on the back of...
Posted: May 01, 2025
Digital home insurance provider Kin has surpassed $100 billion in total insured property value, a milestone that highlights the company’s growth in consumer based and increased profitability. Over the past four years, Kin has demonstrated substant...
Posted: May 01, 2025
Distinguished Programs, a national insurance program manager, has launched a new Commercial Surety division, led by industry veteran Miguel Ferreira. The division expands Distinguished’s Surety program, joining its Contract Surety unit introduced...
Posted: May 01, 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has updated its Canadian private company executive lines suite of products. Simultaneously, the insurer has also appoint...
Posted: May 01, 2025