Reinsurance News
Hong Kong-based global reinsurer Peak Re has announced the appointment of Eun Jeong Lee as Senior Vice President (SVP), Retrocession. Lee brings deep expertise in reinsurance, actuarial science, and risk management, joining Peak Re after spending...
Posted: Oct 31, 2025
The insurance company Suncorp has received just over 5,500 claims, around 5,000 in Queensland and 500 in Victoria, with the net cost of the event expected to fall between $220 million and $260 million, with these estimates remaining preliminary, a...
Posted: Oct 31, 2025
The reinsurance arm of French insurer AXA’s property, casualty and specialty risk division, AXA XL Reinsurance, achieved, on a comparable basis, an 8% year-on-year increase in gross written premiums (GWP) and other revenues to €2.4 billion f...
Posted: Oct 30, 2025
Global Indemnity Group, LLC (GBLI) has announced its financial results for the third quarter of 2025, reporting 54% growth in current accident year underwriting income and a 19% increase in operating income. The company’s net income saw a slight d...
Posted: Oct 30, 2025
Global insurance broker Howden has appointed Uri Dallal as Executive Vice President (EVP), Financial Lines for its recently launched US retail offering. He joins the broker upon the completion of contractual obligations to his current employer, Ao...
Posted: Oct 30, 2025
Despite Hurricane Melissa’s significant human and economic toll on Jamaica, Cuba, and other Caribbean islands, the event’s cost to the global reinsurance sector is unlikely to alter overall market dynamics, though it may give underwriters added le...
Posted: Oct 30, 2025
Property and casualty insurer, The Hanover Insurance Group, saw its net income rise 75% year-on-year to $178.7 million in the third quarter of 2025, as the firm’s combined ratio strengthened by 4.4 percentage points to 91.1% on the back of a...
Posted: Oct 30, 2025
McGill and Partners, an independent global specialty insurance and reinsurance broker, and insurtech Artificial Labs are collaborating to develop a unified digital platform designed to enhance broking capabilities. This platform will enable broker...
Posted: Oct 30, 2025
Donegal Group Inc., an insurance holding company, reported net income of $20.1 million for the third quarter of 2025, up 19.9% from $16.8 million in the same period a year earlier. For the quarter, net premiums earned totalled $229.8 million, a 3....
Posted: Oct 30, 2025
The Bermuda Monetary Authority (BMA), Bermuda’s integrated regulator and supervisor for the financial services sector, continues to drive innovation in the Insurance Linked Securities (ILS) market. The BMA highlights that Bermuda’s ILS market is b...
Posted: Oct 30, 2025
Insurance Europe, the European insurance and reinsurance federation, calls for the European Commission to ‘stop the clock’ on the implementation of the Insurance Recovery and Resolution Directive (IRRD) legislative process. According to the organi...
Posted: Oct 30, 2025
Fitch Ratings assessed all large European composite insurers in its peer group as having ‘Strong’ to ‘Very Strong’ profitability, supported by diversified earnings sources that provide stability through cycles. The peer group comprises Allianz SE...
Posted: Oct 30, 2025
The Department of Finance (DOF), the Philippine government agency responsible for managing the country’s fiscal policies, public finances, and economic resilience, is leading a new regional initiative aimed at helping Southeast Asian nations prote...
Posted: Oct 30, 2025
The Board of Directors of the African Development Bank Group has approved a $6 million grant to the African Risk Capacity (ARC) to strengthen disaster preparedness and risk financing efforts across Africa for the 2025–2026 period. According to the...
Posted: Oct 30, 2025
Convex Group Limited, the international specialty insurer and reinsurer, has announced a new long-term ownership structure in which Onex Corporation will take a leading 63% stake and AIG will become a strategic minority investor with a 35% equity...
Posted: Oct 30, 2025
Markel Group has reported that its insurance business, Markel Insurance, saw an underwriting gross premium volume increase of 11% for the third quarter of 2025 to $2.72 billion from $2.5 billion last year. For the nine month period ended September...
Posted: Oct 30, 2025
AM Best has maintained a stable outlook for China’s non-life insurance sector, supported by steady premium growth driven by the expansion of new energy vehicles (NEVs), ongoing health reforms, emerging product innovations, and regulatory initiativ...
Posted: Oct 30, 2025
Fortegra Insurance UK Limited, part of the Fortegra Group, a specialty insurer, has been officially added to the National Association of Insurance Commissioners (NAIC) Quarterly Listing of Alien Insurers, published in the NAIC’s October Edition 24...
Posted: Oct 30, 2025
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has reported a rise in underwriting income for both the third quarter and nine month period ended September 30th, 2025, with a strong performance in its insurance and reinsurance...
Posted: Oct 30, 2025
Credit ratings agency AM Best has revised the outlooks of Everest Group, Ltd. and its operating subsidiaries to negative from stable, and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-T...
Posted: Oct 30, 2025
Verisk Analytics, a data analytics and technology provider, announced its financial results for the third quarter of 2025, reporting $768 million in revenue, up 5.9%, and up 5.5% on an organic constant currency (OCC) basis. Net income also experie...
Posted: Oct 30, 2025
Amiga Specialty, a specialist managing general agent (MGA) backed by B.P. Marsh, has appointed Jamie Ricketts to the newly created role of Managing Director (MD) of Financial Institutions, effective immediately. In his new role, Ricketts reports t...
Posted: Oct 30, 2025
Qatar Insurance Company (QIC Group) has announced its financial results for the first nine months of 2025, reporting a net profit of QAR 588 million, a 12% increase compared to the same period the year prior. The Group’s net profit before Pillar I...
Posted: Oct 30, 2025
Arch Global Services India, a wholly-owned subsidiary of insurer and reinsurer Arch Capital Group Ltd., has announced the opening of its new office in Hyderabad. Managed by Raju Chiluvuri as Arch Global Services India Technology Head, the Hyderaba...
Posted: Oct 30, 2025
China Property and Casualty Reinsurance Company Ltd. (China Re P&C) released its unaudited results for the nine months ended 30 September 2025, reporting a net profit of RMB 2,246 million (USD 316m), up approximately 77% from RMB 1,272 million...
Posted: Oct 30, 2025