Reinsurance News

As the Lloyd’s marketplace charts its course through a more uncertain environment, Q2 2025’s Market Message came with a clear directive: “We aren’t risk off, but we are risk aware.” At the heart of this quarter’s address was Patrick Ti...

Posted: May 15, 2025

Kin, the direct-to-consumer home insurance company, has announced its financial results for the first quarter of 2025, reporting $47 million in total revenue, up from $34.9 million in Q1 2024, with California emerging as a substantial growth drive...

Posted: May 15, 2025

West of England P&I Club, an insurance provider to the global maritime and offshore industries, has delivered strong results for the 2024-25 financial year amid market challenges. The firm’s combined ratio of 103.9% for the year was impa...

Posted: May 15, 2025

AM Best, the credit rating agency, has expressed cautious support for a new European Union proposal to create a public-private reinsurance scheme focused on natural catastrophe risks. While the credit rating agency sees potential benefits for the...

Posted: May 15, 2025

The Allstate Corporation has revealed estimated catastrophe losses for April 2025 of $594 million or $469 million, after-tax. According to the firm, catastrophe losses for April 2025 included 11 events, with approximately 60% of the losses related...

Posted: May 15, 2025

Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Stephanie Belcourt as Head of Complex Claims. The appointment reiterates the continued investment in the claims provision, which aligns with Rokston...

Posted: May 15, 2025

Angelo Colombo has been appointed as Chief Executive Officer of American International Group (AIG) Latin America and the Caribbean (LAC), effective June 2, 2025, subject to regulatory approval. Colombo joins AIG from Swiss Re Corporate Solutions,...

Posted: May 15, 2025

According to a recent survey by the Lloyd’s Market Association (LMA), the full potential of artificial intelligence (AI) and machine learning (ML) in actuarial and risk management remains untapped, with significant progress still needed in their a...

Posted: May 15, 2025

AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has strengthened its Indian Branch with the appointments of Saurabh Bhootara, Priya Manchanda, Vinod Kumar, Saumitra Sharma, and Akash Jain in Mumbai. T...

Posted: May 15, 2025

Conduit Re, a Bermuda-based reinsurer specialising in property, casualty, and specialty lines, has made some notable changes to its outward reinsurance strategy, aiming to better shield its portfolio from increasingly volatile secondary perils suc...

Posted: May 15, 2025

Reinsurance broker Gallagher Re has announced the appointment of Henrik Hoppendorff as Senior Facultative Broker, EMEA. Based in Stockholm, Hoppendorff will be working within the Nordic team, but also serving the broader EMEA region. His 14 years...

Posted: May 15, 2025

British insurer Aviva has reported general insurance (GI) premium growth of 9% to £2.9 billion in the first quarter of 2025, compared to £2.7 billion in the comparative prior year quarter. Country-wise, UK&I GI premiums grew by 12% to £2 billi...

Posted: May 15, 2025

Insurance Advisory Partners (IAP), the specialised investment bank focused exclusively on insurance, insurance services, and the insurtech industry, has announced the appointment of Benjamin James as Partner in the firm’s London office, effective...

Posted: May 15, 2025

Despite significant large loss payments, Talanx generated group net income of €604 million in Q1 2025, the strongest quarterly result in its history, highlighting its robust position with a balanced mix of Primary Insurance and Reinsurance. Accord...

Posted: May 15, 2025

Starwind Specialty Insurance Services, a CRC Group company, has expanded its underwriting expertise with the launch of four new insurance programs: Starwind Environmental, Starwind PVT (Political Violence & Terrorism), Starwind Equipment, and...

Posted: May 15, 2025

WTW, an advisory, broking, and solutions firm, has expanded Luke Ware’s role to include serving as Head of Asia, effective immediately. He currently serves as the Head of Corporate Risk & Broking, Asia. In his new dual capacity, Ware wil...

Posted: May 15, 2025

Allianz has reported a record operating profit of €4.2 billion for Q1 2025, marking a 6.3% increase from Q1 2024, keeping the firm on track to meet its full-year operating profit target of €16 billion. The Property & Casualty (P&C) segment...

Posted: May 15, 2025

Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited has reported a net loss of $42.5 million and a higher combined ratio of 115.6% for the first quarter of 2025, as catastrophe losses, driven by the California wildfires, dented...

Posted: May 15, 2025

AM Best, a credit rating agency, has released a new report showing continued growth in the premiums generated by non-admitted insurers within the US surplus lines market. This rise in premiums highlights significant opportunities spurred by ongoin...

Posted: May 15, 2025

Aon, the global insurance and reinsurance broking group, has appointed Lambros Lambrou as its Chief Strategy Officer, where he will be responsible for key Aon Executive Committee initiatives, effective immediately. Aon explains that these initiati...

Posted: May 15, 2025

Markel Insurance, the insurance arm of Markel Group Inc., has strengthened its International War and Terrorism unit in the US with the appointment of Joshua Watson as Senior Underwriter and Bridget Canderelli as Underwriting Support Specialist. Th...

Posted: May 15, 2025

Four brokerage firms, Aon Polska, GrECo Polska, Marsh, and Smartt Re, are to support Poland’s state-owned SPV Polskie Elektrownie Jadrowe (PEJ) in the purchase of insurance for the country’s first nuclear project in Pomerania, among other op...

Posted: May 15, 2025

As the re/insurance market enters into a more competitive phase, it presents Conduit Re with an opportunity to deploy more capacity into casualty risks, Neil Eckert, who was recently appointed as the company’s new CEO, highlighted during the reins...

Posted: May 14, 2025

Property and Casualty insurer Skyward Specialty Insurance Group Inc. has appointed Corey LaFlamme as President, Captives & Specialty Programs, as Kirby Hill becomes Chairman of the segment. The appointment of LaFlamme aligns with the company’s...

Posted: May 14, 2025

S&P Global Ratings has affirmed Bermuda’s long-term sovereign credit rating at ‘A+’ and its short-term rating at ‘A-1’, with a stable outlook. This reflects expectations of a steady macroeconomic environment underpinned...

Posted: May 14, 2025