Reinsurance News
The Council of Lloyd’s has appointed Patrick Tiernan as Chief Executive Officer (CEO) of the specialist Lloyd’s insurance and reinsurance marketplace, effective June 1st, 2025. Tiernan’s appointment is subject to approval and consent from th...
Posted: May 08, 2025
The Clear Group MGA Division has unveiled its rebranding, stating that starting from 1st May 2025, both Profile Underwriting and One Commercial Specialty will trade as Shape Underwriting. This strategic decision marks the first stage of Clear’s pl...
Posted: May 08, 2025
Global Atlantic Financial Group, a retirement and life insurance provider serving individuals and institutions, has expanded its presence in Bermuda with a move to a new headquarters at Washington House on Church Street in Hamilton. This relocatio...
Posted: May 08, 2025
Verisk Analytics, a data analytics and technology provider, reported a 6.8% growth in underwriting revenues for the first quarter of 2025, with an even stronger increase of 7.2% on an organic constant currency (OCC) basis. Underwriting revenue in...
Posted: May 08, 2025
Trident Reciprocal Exchange, a technology-driven, Florida-focused, and member-owned insurance company, has announced the appointment of Ryan Hodges as Chief Executive Officer. Trident Reciprocal Exchange is a newly established de novo reciprocal e...
Posted: May 08, 2025
Applied Systems has released the first-quarter 2025 results of the Applied Rating Index, showing both year-over-year and quarter-over-quarter increases in average premium rate changes for Personal Auto and Personal Property lines. In Q1’25, Person...
Posted: May 08, 2025
While the significant losses related to the California wildfires will impact the June/July reinsurance treaty renewals, they are not expected to be a major factor dictating SCOR’s overall price adjustments across its book of business, according to...
Posted: May 07, 2025
Allianz Trade, a provider of trade credit insurance, has announced that Rodrigo Jimenez will assume the role of Regional CEO for the Asia Pacific region on 1 October 2025. He will succeed Paul Flanagan, who is retiring after a distinguished 34-yea...
Posted: May 07, 2025
American Financial Group, Inc., a Cincinnati-based holding company specialising in insurance and financial services, has reported first-quarter 2025 net earnings of $154 million, compared to $242 million for the same period in 2024. This reflects...
Posted: May 07, 2025
MSIG Asia has announced leadership changes to accelerate its digital transformation and strengthen broker business. Adrian Hill will lead digital innovation, with Pearline Soh on digital marketing initiatives, while Enny will head efforts to enhan...
Posted: May 07, 2025
At his first Annual General Meeting (AGM) as Chief Executive Officer of Hannover Re, Clemens Jungsthöfel reaffirmed the company’s strong strategic direction for 2024–2026, highlighting its continued focus on profitable growth, robust capital stren...
Posted: May 07, 2025
Howden Re, the reinsurance division of broking group Howden, has appointed Pascal Kahraman as Director within the broking team in Germany, based out of the newly opened Munich office. Kahraman joins from industry giant, Munich Re, where he has ser...
Posted: May 07, 2025
White Mountains has released the Q1 2025 results for its property and casualty re/insurance segment Ark/WM Outrigger, revealing gross written premiums of $1,108 million, net written premiums of $728 million and net earned premiums of $358 million,...
Posted: May 07, 2025
Zug, Switzerland-domiciled reinsurer SIGNAL IDUNA Reinsurance Ltd (SI Re) has reported a profit of €10.4 million for the full year 2024, improving over 2023’s figure of €8.8 million by 17.7%. The company’s shareholder equity for FY’24...
Posted: May 07, 2025
The operating performance of United Arab Emirates (UAE) insurers remains resilient despite the impact of severe rains early last year on full-year earnings, events that have also highlighted the region’s natural catastrophe exposures, accord...
Posted: May 07, 2025
WTW, an advisory, broking, and solutions firm, has announced a major upgrade to its International Property facility in the London market, further advancing the capabilities of its digital trading platform, Neuron. This enhancement, which aligns wi...
Posted: May 07, 2025
Bowhead Specialty, a provider of casualty and professional liability products, has announced its financial results for the first quarter of 2025, reporting significant net income growth of 62.9% and gross written premiums growth of 26.3% compared...
Posted: May 07, 2025
As per a new report from Gallagher Re, the InsurTech industry experienced a 90% surge in funding during Q1 2025, reaching $1.31 billion. According to Gallagher Re, around 61.2% ($710.86 million) of Q1 2025 InsurTech deals went to AI-centred compan...
Posted: May 07, 2025
Assured Guaranty (Europe) SA (AGE), a subsidiary of Assured Guaranty Ltd., has guaranteed the principal and interest on €75 million in notes issued by XpFibre Groupe on 30 April 2025. The proceeds from the issuance are being used to refinance exis...
Posted: May 07, 2025
Tiptree has announced its financial results for the first quarter of 2025, reporting a net income of $5.6 million, compared to Q1 2024’s $9.1 million, and revenues of $497.4 million, which saw a slight decrease of 0.2% from Q1 2024. The company at...
Posted: May 07, 2025
Aon, a global professional services firm, has released its Client Trends 2025 report, emphasising the growing interdependence of four powerful forces—Trade, Technology, Weather, and Workforce—that are shaping the operating environment for organisa...
Posted: May 07, 2025
European and UK market-focused legacy acquirer, DARAG Group, has promoted Theo Wilkes to the role of Chief Financial Officer (CFO), based in London. Wilkes joined DARAG in June 2024 with over two decades of industry experience in live and legacy m...
Posted: May 07, 2025
Mercury General Corporation, a property and casualty insurance provider based in Los Angeles, California, has released its financial results for the first quarter of 2025, revealing a net loss for the period as a result of significant losses from...
Posted: May 07, 2025
Canopius, a specialty and P&C re/insurer, has announced the appointment of Neetu Varghese as Head of Marine, US, Varghese steps into the role following her tenure as National Cargo Manager at Canopius since 2023. This appointment marks a signi...
Posted: May 07, 2025
Super-regional property and casualty insurance holding company, Heritage Insurance Holdings, Inc, has reported first quarter 2025 net income of $30.5 million, compared to Q1’24’s $14.2 million, driven by increased net premiums earned, relatively f...
Posted: May 07, 2025