Reinsurance News
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
According to new data released by the Insurance Council of Australia (ICA), the February North Queensland floods and ex-Tropical Cyclone Alfred in March have so far caused insured losses of almost AUD 1.5 billion. The ICA has clarified that these...
Posted: May 12, 2025
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Matt Bishop as Class Underwriter for its new UK and Ireland Casualty division, which was launched last week. Bishop, who brings 35 years of industry...
Posted: May 12, 2025
Cyber claims in the United Kingdom decreased by 20% in 2024 following a spike in 2023, although they remain around one-third higher than in 2020, 2021, and 2022, according to new research by Marsh, the insurance broking and risk advisor arm of Mar...
Posted: May 12, 2025
Insurwave, the London-based insurtech platform focused on specialty insurance, has entered into a strategic partnership with Osprey Flight Solutions, a specialist in aviation risk management. The collaboration aims to transform how insurers and av...
Posted: May 12, 2025
Specialty insurance provider Trisura Group has announced its financial results for the first quarter of 2025, reporting a net income of $29.0 million and strong operating return on equity (ROE) of 18.4% driven by operating net income of $34.2 mill...
Posted: May 12, 2025
American Coastal Insurance Corporation, a property and casualty insurance holding company, has released its financial results for the first quarter of 2025, reporting net income of $21.3 million. While this figure represents a slight decrease comp...
Posted: May 12, 2025
Arch Insurance International, a part of the global Arch Capital Group and a provider of specialty insurance solutions across multiple lines, has appointed Sophie Mansouri as UK Professional Indemnity (PI) Underwriting Manager, effective immediatel...
Posted: May 12, 2025
Skuld, a global marine insurer, reported a solid financial result of USD 21 million for the financial year ending 20 February 2025. Despite a more demanding claims environment, the company’s performance was underpinned by a significant rise in gro...
Posted: May 12, 2025
The Supervisory Board of DEVK Rückversicherungs- und Beteiligungs-AG-DEVK RE has announced the appointment of Annette Hetzenegger and Dr. Fabian Pütz as new members of the Executive Board, effective June 1, 2025. Hetzenegger will be fully responsi...
Posted: May 09, 2025
kWh Analytics, a provider of climate insurance, has partnered with Nextracker, a provider of solar tracking solutions, to help secure improved insurance terms for a solar project in Arkansas—cutting the severe convective storm deductible by 50%. T...
Posted: May 09, 2025
Reinsurance market dynamics are seemingly more favourable to buyers in 2025, with Palomar Holdings CEO Mac Armstrong reporting that all placements so far have exceeded the company’s initial forecast of flat to down 5%. “All placements to-dat...
Posted: May 09, 2025
Global insurance and reinsurance broker Aon has announced that Carlo Clavarino, Executive Chairman, International, will continue in his role until 2029, following a contract extension. “Carlo is widely recognized and admired as one of the leading...
Posted: May 09, 2025
Armilla Insurance Services, a specialist managing general agent and Lloyd’s Coverholder focused on emerging technologies, has launched a new AI Liability Insurance policy designed specifically to address the growing legal and operational risks tie...
Posted: May 09, 2025
Global Indemnity Group has announced its financial results for the first quarter of 2025, reporting a net loss available to common shareholders of $4.1 million, which includes $12.2 million after tax of net loss attributed to California Wildfire e...
Posted: May 09, 2025
Monument Re Limited, a life insurance reinsurer and insurance holding company, has completed the transfer of a legacy €1.4 billion reinsurance portfolio, comprising annuity and other life insurance liabilities from its 2020 Greycastle acquisition,...
Posted: May 09, 2025
According to a recent commentary published by AM Best, the credit rating agency, the Taiwan dollar has strengthened against the US dollar at a speed not previously recorded, gaining approximately 8% within a two-day span. AM Best states that this...
Posted: May 09, 2025
Florida-domiciled insurtech HCI Group, Inc. has reported a 17% rise in consolidated gross premiums earned to $300.4 million for the first quarter of 2025, up from $256.6 million in Q1 2024, driven primarily by assumptions of policies from Citizens...
Posted: May 09, 2025
MSIG USA, an insurance subsidiary under MSIG Holdings, has strengthened its analytics and enterprise risk governance leadership with the appointment of Tony Beirne as Chief Actuary and Dale James as Chief Risk Officer. These appointments align wit...
Posted: May 09, 2025
Saudi Re has reported a net profit after zakat attributable to shareholders of SAR 35.4 million for Q1 2025, up from SAR 31.8 million in the same period last year. The company attributed the increase in net profit primarily to a 56% rise in reinsu...
Posted: May 09, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the promotion of Ben Kinsella to Head of Risk Managed Underwriting, Retail, UK & Lloyd’s. In his new role, Kinsella will leverage his...
Posted: May 09, 2025
The Association of British Insurers (ABI), the trade body representing the UK’s insurance and long-term savings industry, has revealed that insurance claims related to extreme weather have reached a record high in the first quarter of 2025 — inten...
Posted: May 09, 2025
Amwins, a distributor of specialty insurance products and services, has announced the launch of CoverCap, a proprietary E&S solution providing primary property coverage tailored for the middle-market segment. Built for efficiency and backed by...
Posted: May 09, 2025
Commenting on the trade deal between the US and UK, as well as the Bank of England’s interest rate cut, Alex Bertolotti, Insurance Leader at PwC UK, noted that while UK insurance companies do not anticipate a direct impact, they are likely to welc...
Posted: May 09, 2025
Australian insurer QBE has reported strong gross written premium growth in Q1 2025, up 7% compared to the same period of 2024 to $8.3 billion. Excluding premium rate increases of 3.4%, QBE noted that ex-rate growth of 7% was driven by ongoing and...
Posted: May 09, 2025