Reinsurance News
Kuwait Reinsurance Company (Kuwait Re) reported a net profit of $31.07 million (KWD 9,517,762) for the first half of 2025, marking a 39% increase from $22.41 million (KWD 6,876,348) in the same period last year. The company attributed the growth t...
Posted: Aug 07, 2025
Peter Zaffino, Chief Executive Officer (CEO) of global insurer AIG, has discussed the importance of the firm’s reinsurance purchasing strategy for its US property portfolio, revealing that so far in 2025, risk-adjusted rate decreases for rei...
Posted: Aug 07, 2025
MSIG USA, a provider of specialty commercial insurance solutions, has strategically partnered with Coalition, an active insurer focused on preventing digital risks, to launch a new cyber insurance offering for its US clients. The new program offer...
Posted: Aug 07, 2025
Mercury Insurance, a provider of auto and home insurance based in California, is partnering with Liberty Mutual Insurance, a property and casualty insurer, to help safeguard coverage for thousands of California policyholders. The collaboration com...
Posted: Aug 07, 2025
Bermuda-domiciled re/insurer Hamilton Insurance Group has reported net income of $187.4 million for the second quarter of 2025, compared to $131.1 million in Q2’24, as underwriting income grew to $67.5 million with a combined ratio of 86.8%, compa...
Posted: Aug 07, 2025
Gallagher Re’s recent Global InsurTech Report highlights AI’s potential to make property re/insurance more data-driven, responsive, and profitable, but achieving this requires reinsurers to commit to investing in AI, including building robust data...
Posted: Aug 07, 2025
Carrick Group’s Bermuda class 3A reinsurer, Carrick Re Ltd., has entered into a loss portfolio transfer (LPT) with National Casualty Company of America, Limited, National Casualty Company, UK Branch, and Nationwide General Insurance Company,...
Posted: Aug 07, 2025
In our latest Reinsurance News video interview, we spoke with Shevawn Barder, Founder and CEO of AM Specialty Insurance Company (ASIC), and Darren Powell, CUO of Pinpoint UK, about their plans for the new MGA and progress as ASIC expands beyond No...
Posted: Aug 07, 2025
Following the sale of its 26% stakes in its Indian life and non-life insurance joint ventures and a binding agreement to form a 50:50 reinsurance venture, Allianz CEO Oliver Bäte said the group always intended to run a domestic business rather tha...
Posted: Aug 07, 2025
International specialty and P&C re/insurer Canopius has announced its financial results for the first half of 2025, reporting a net insurance revenue increase of 42%, to $1.39 billion from $0.98 billion in H1 2024, and a net combined ratio (di...
Posted: Aug 07, 2025
Shadow AI is emerging as a significant threat to businesses, responsible for 20% of data breaches and adding an average of $670,000 to breach costs for organisations with high levels of shadow AI, according to Consilium in the 2025 IBM Cost of a D...
Posted: Aug 07, 2025
Bermuda-based insurance and reinsurance company, Hamilton Insurance Group, has announced the appointment of Russ Buckley as Group Chief Risk Officer. He will be succeeding current Group Chief Risk Officer Alex Baker, who has been recently appointe...
Posted: Aug 07, 2025
F&G Annuities & Life, Inc. has entered into a strategic partnership with a new reinsurance vehicle backed by Blackstone managed funds, with approximately $1 billion in anticipated capital commitments. Under the agreement, the reinsurer wil...
Posted: Aug 07, 2025
Global insurer American International Group, Inc. (AIG) has reported General Insurance (GI) gross written premiums (GWP) growth of 2% hitting $10 billion in Q2’25, compared to $9.9 billion in Q2’24, as the segment’s underwriting result impro...
Posted: Aug 07, 2025
Large insurer Zurich achieved a 6% year-on-year rise in Group business operating profit (BOP) to a record $4.2 billion for the first six months of 2025, with property and casualty (P&C) BOP rising 9% to an all-time high of $2.4 billion. Group-...
Posted: Aug 07, 2025
Liberty Mutual Holding Company has reported Q2 2025 net income of $1.85 billion, up considerably from the $717 million disclosed in Q2 2024, driven by more disciplined underwriting and an excellent investment performance. Liberty Mutual’s Q2 2025...
Posted: Aug 07, 2025
Global insurer Allianz has reported that its total business volume increased by 8% year-on-year to €44.5 billion in the second quarter of 2025, as operating profit across the Group rose 12% to €4.4 billion, with a particularly strong performance i...
Posted: Aug 07, 2025
As per a new report from reinsurance broker Gallagher Re, around $60.8 billion has been raised and invested in InsurTech firms since its records began in 2012, with around 25% directed toward AI-focused companies. Report author and Gallagher Re’s...
Posted: Aug 07, 2025
Global insurer Generali has announced its financial results for the first half of 2025, reporting a consolidated operating result of €4,049 million, up 8.7% compared to the same period last year, as well a slight increase of 0.9% in gross written...
Posted: Aug 07, 2025
Bowhead Specialty Holdings Inc., a provider of casualty and professional liability products, reported a net income of $12.3 million for the second quarter of 2025, a significant increase of 123.1% from $5.5 million in the same quarter a year earli...
Posted: Aug 07, 2025
OnRe, a global on-chain reinsurance company, has announced the appointment of experienced industry professional, Tunde Olowofila, as its new Head of Reinsurance. In his new position, Olowofila will be responsible for OnRe’s underwriting strategy,...
Posted: Aug 07, 2025
Sollers Consulting, a software integrator and operational advisor, and Phinsys Limited, a provider of consultancy and software solutions, have announced their partnership, a collaboration aimed at bringing advanced automation and efficiency to the...
Posted: Aug 07, 2025
A new report from Fitch Ratings points to clear signs of significant softening in London market property re/insurance lines in 2025. The rating agency noted that pricing began to markedly decline from its 2024 peak at the 2025 mid-year renewals in...
Posted: Aug 06, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has appointed Betsy Higgens as Head of Casualty and Megan Kelley as Head of Product within its Wholesale Solutions Team in the Americas. Higgens brings...
Posted: Aug 06, 2025
International General Insurance Holdings Ltd. (IGI) has announced its financial results for the second quarter of 2025, reporting a net income of $34.1 million, an increase of 3.9% over the $32.8 million reported for the second quarter of 2024, al...
Posted: Aug 06, 2025