Reinsurance News

Brokers urge MGAs to offer more flexible renewals, Prestige Underwriting survey finds

Prestige Underwriting, a specialist provider in non-standard insurance solutions, has released its latest broker survey, revealing strong growth expectations for the sector alongside a clear call to action for managing general agents (MGAs) and in...

Posted: Nov 05, 2025

Lancashire’s 9M’25 results marked by discipline and selective underwriting

In its results for the nine months ended 30 September 2025, Lancashire has revealed that gross premiums written rose 7.4% year-on-year to $1.8 billion, while insurance revenue increased by 7.8% to $1.4 billion. Lancashire’s reinsurance segme...

Posted: Nov 05, 2025

Conduit Re grows reinsurance revenue 12.6% amid competitive market conditions

Bermuda-based reinsurer Conduit Re has reported reinsurance revenue for the nine months ended 30th September 2025 of $662.4 million, a 12.6% increase over the nine months ended 30 September 2024. Of the total reinsurance revenue for the period, Co...

Posted: Nov 05, 2025

AIG reports GI underwriting income increase of 81% for Q3’25

Global insurer American International Group, Inc. (AIG) has reported that its General Insurance (GI) underwriting income rose 81% year-over-year, reaching $793 million for the third quarter of 2025, compared to $437 million in the same period last...

Posted: Nov 05, 2025

Beazley Security expands availability of Security Posture Reports

Beazley Security, a wholly-owned subsidiary of Beazley Insurance and an integrated cyber risk management firm, is aiming to reduce risk with the expanded availability of its Security Posture Reports (SPRs). The process includes the automated disco...

Posted: Nov 05, 2025

Applied Systems enhances commercial lines solution for Canadian Brokers

Applied Systems, a global provider of cloud-based software for the insurance industry, has announced new enhancements to its commercial lines solution in Applied Epic for the Canadian market. The updates aim to give brokers greater choice, speed,...

Posted: Nov 05, 2025

BPL launches Funded Solutions team to expand credit insurance services

BPL, an independent broker specialising in credit and political risk insurance (CPRI), has established a new Funded Solutions team to provide insurance-linked capital and credit management strategies, including repackagings, for a broad range of f...

Posted: Nov 05, 2025

Policybazaar launches reinsurance operations across Asia and the Middle East

Policybazaar.com, one of India’s largest insurance platforms, has expanded its global footprint with the launch of its reinsurance operations in Sri Lanka, Qatar, Oman, and the UAE. With this launch, Policybazaar becomes one of the first Ind...

Posted: Nov 05, 2025

Chubb’s Lupica to retire, Keogh to take on expanded role

Property and casualty insurer Chubb has announced the retirement of John Lupica, Vice Chairman, Chubb Group and Executive Chairman, North America Insurance, effective December 31, 2025. Lupica is a highly respected leader with a distinguished care...

Posted: Nov 04, 2025

Clients in Asia benefit from lower premiums amid softening insurance market: Aon

Soft conditions are prevailing across the Asia insurance market, allowing clients to benefit from lower premiums across all major lines and reinvest savings into broader wordings, additional limits, and new coverages, according to insurance and re...

Posted: Nov 04, 2025

PartnerRe appoints Swiss Re’s Paul Brennan as Chief Actuarial Officer

Bermuda-based reinsurer PartnerRe has announced that Paul Brennan will succeed Sima Ruparelia as Chief Actuarial Officer. Brennan is joining PartnerRe following a twenty-year tenure at Swiss Re, where he held a number of roles, most recently servi...

Posted: Nov 04, 2025

Bowhead Specialty’s Q3’25 GWP increase 17.5%

Bowhead Specialty Holdings Inc., a provider of casualty and professional liability products, reported a gross written premiums (GWP) increase of 17.5% for the third quarter of 2025 to $231.5 million, compared to $196.9 million in Q3’24. The lift w...

Posted: Nov 04, 2025

Alex Kirkby joins Willis Re’s Marine & Energy business

Willis Re, a specialised reinsurance broker, has announced the appointment of Alex Kirkby to its Marine & Energy business in London. Kirkby brings more than a decade of experience across both underwriting and broking. He joins Willis Re from A...

Posted: Nov 04, 2025

The Hanover launches new offering for complex industrial property risks

The Hanover Insurance Group has launched Hanover Specialty Industrial Property (HSIP) Advantage, a new admitted property product. This offering, the insurer stated, has been designed to modernise insurance coverage for small to mid-sized businesse...

Posted: Nov 04, 2025

Vantage makes promotions across Reinsurance division & Partnership Capital platform

Vantage Group Holdings Ltd., a specialty insurer and reinsurer, has announced a series of strategic leadership promotions across its Reinsurance division and Partnership Capital platform. These promotions underscore Vantage’s deep talent poo...

Posted: Nov 04, 2025

Selective adds Julie Parsons as Independent Director

Selective Insurance Group, Inc. has appointed Julie Parsons to its Board of Directors as an Independent Director, effective November 3rd, 2025. With this addition, Selective’s Board is now composed of 12 directors, 11 of whom are independent. Pars...

Posted: Nov 04, 2025

Re/insurance key to meeting Southeast Asia’s growing protection needs: SRA Chair

In a keynote address at the 21st Singapore International Reinsurance Conference (SIRC), Kenrick Law, Chair of the Singapore Reinsurers’ Association, highlighted Southeast Asia’s resilient growth amid global uncertainty, as re/insurers increasingly...

Posted: Nov 04, 2025

Re/insurance key to meeting Southeast Asia’s growing protection needs

In a keynote address at the 21st Singapore International Reinsurance Conference (SIRC), Chia Der Jiun, Managing Director, Monetary Authority of Singapore, highlighted Southeast Asia’s resilient growth amid global uncertainty, as re/insurers increa...

Posted: Nov 04, 2025

Corebridge Financial reports $144m net income in Q3’25

Corebridge Financial, an American multinational financial services company, has announced its financial results for the third quarter of 2025, reporting net income of $144 million, which compares to a loss of $1.2 billion in the same period last y...

Posted: Nov 04, 2025

James River posts underwriting income of $8.9m and improved CoR in Q3’25

James River Group Holdings, Ltd., a Bermuda-domiciled insurance holding company, reported underwriting income of $8.9 million in the third quarter of 2025, compared to a loss of $56.8 million in the same period last year, with its combined ratio i...

Posted: Nov 04, 2025

Westfield Specialty International appoints Baldwin as President

Westfield Specialty International, a specialty insurance provider, has announced the appointment of Anthony Baldwin as President, Specialty International, subject to regulatory approval. In his new role, the executive will be responsible for all W...

Posted: Nov 04, 2025

Mitsubishi Electric completes sale of insurance subsidiary to Marsh Japan

Mitsubishi Electric Corporation has announced the completion of the sale of all shares in its Tokyo-based insurance subsidiary, Mitsubishi Electric Insurance Service Co., Ltd., to Marsh Japan, Inc. Mitsubishi Electric Insurance Service was establi...

Posted: Nov 04, 2025

ASIC eyes London-sourced U.S. specialty reinsurance opportunities ahead of Jan 1

Dallas-based E&S carrier AM Specialty Insurance Company (ASIC) is reportedly seeking London-sourced, U.S.-domiciled specialty reinsurance opportunities in the run-up to the January 1, 2026, renewal season. According to ASIC, since its launch t...

Posted: Nov 04, 2025

Aon reports competitive conditions in global insurance market amid underlying risks

Global professional services firm Aon has released its Q3 2025 Global Insurance Market Insights report, which outlines one of the most competitive insurance markets seen in recent years. According to Aon, buyers across many regions are benefiting...

Posted: Nov 04, 2025

YTD legacy deals hit 26 with $1.36bn of gross liabilities transferred: PwC

According to a new PwC report, three legacy transactions were publicly disclosed in Q3 2025, bringing the year-to-date total to 26 deals with a combined £1.36 billion in gross liabilities transferred. “Consistent with much of the activity ob...

Posted: Nov 04, 2025