Reinsurance News

Greenlight Re posts record-low CoR in Q3’25, though investment portfolio falters

Greenlight Capital Re has reported Q3 2025 net underwriting income of $22.3 million, up sharply from $6.1 million a year earlier, as the combined ratio improved to a record low of 86.6%. Meanwhile, the firm’s gross premiums written in Q3 202...

Posted: Nov 04, 2025

Stephen Postlewhite named CUO of Conduit Re

Conduit Holdings Limited, the ultimate parent company of Bermuda-based reinsurer Conduit Re, has appointed Stephen Postlewhite as Chief Underwriting Officer (CUO), effective January 26th, 2026, subject to Bermuda immigration approval. In his new r...

Posted: Nov 04, 2025

FASE launches to support Europe’s managing general agents

The Fédération des Agences de Souscription Européennes (FASE) has been recently launched as a pan-European association representing managing general agents (MGAs). Its mission is to connect MGAs with insurance capacity providers, brokers, investor...

Posted: Nov 04, 2025

LIRG(TM) selects insurtech MANiT Labs to power global reinsurance platform

Algorithmic Insurance Services, Inc. (LIRG) has selected insurtech MANiT Labs to serve as the core technology platform for its reinsurance brokerage operations. The partnership is a significant step in LIRG’s mission to become a global leader in r...

Posted: Nov 04, 2025

Luna Bonifacio named Senior Claims Adjuster in Dubai for Markel Insurance

Markel Insurance, the insurance division of Markel Group Inc., has appointed Luna Bonifacio as Senior Claims Adjuster, its first claims role based in Dubai, effective immediately. In the new role, Bonifacio joins the Asia Claims team and will over...

Posted: Nov 04, 2025

Arch Global Services India to drive innovation with new Trivandrum office

Arch Global Services India, a wholly owned subsidiary of Arch Capital Group Ltd. has announced the opening of a new office in Trivandrum’s Technopark. Located in the Niagara building, the new offices are designed to encourage creativity and innova...

Posted: Nov 04, 2025

Fiducia adds McFarlane as new development underwriter

Fiducia, a Leeds-domiciled specialty insurance managing general agent (MGA), has appointed Graeme McFarlane as a new development underwriter to support brokers across Scotland and the north east of England. In his new role, Graeme will develop Fid...

Posted: Nov 04, 2025

Property re/insurance continues to soften as casualty faces persistent uncertainty: The Baldwin Grou...

The commercial property insurance market is experiencing continued softening, while casualty lines face broad uncertainty, The Baldwin Group’s recent Q3 2025 Market Pulse report has revealed. The report points at renewed competition, improving cap...

Posted: Nov 03, 2025

Acies MGU launches Lloyd’s-backed underwriting agency, Subscribe MGA

Acies MGU, a technology and data-driven Managing General Underwriter (MGU), has announced the launch of Subscribe MGA (Subscribe), its latest underwriting agency. Subscribe is a Lloyd’s-backed MGA specialising in financial lines insurance, includi...

Posted: Nov 03, 2025

Iprism names Adrian Saunders Non-Exec Chairman

Iprism, one of the UK’s largest independently-owned MGAs specialising in Construction, Property and Private Clients, has announced the appointment of Adrian Saunders as Non-Executive Chairman. Saunders first joined the Iprism board in April 2024 a...

Posted: Nov 03, 2025

CyberCube expands Asia presence with Lacson & Lacson partnership in the Philippines

CyberCube, a provider of cyber risk analytics for the insurance industry, has expanded its presence in Asia through a new partnership in the Philippines. The company has signed an agreement with Lacson & Lacson Insurance Brokers, Inc., an inde...

Posted: Nov 03, 2025

Core Specialty names Evan Cabat as SVP, CFO

Insurer Core Specialty Insurance Holdings, Inc. and its subsidiaries have appointed Evan Cabat as Senior Vice President (SVP), Chief Financial Officer (CFO), effective immediately. Cabat brings nearly two decades of financial leadership to his rol...

Posted: Nov 03, 2025

Rokstone CRU launches comprehensive general liability program

Rokstone Construction Risk Underwriters (CRU), a US-based Speciality MGU and part of the global specialty reinsurance MGA Rokstone, has announced the launch of a new, comprehensive general liability (GL) program. The new GL program launches with A...

Posted: Nov 03, 2025

Gallagher names David Rush as Independent Non-Executive Director

Arthur J. Gallagher Holdings (UK) Limited, part of the global insurance brokerage, risk management, and consulting group Gallagher, has announced the appointment of David Rush as an Independent Non-Executive Director. Rush brings almost 40 years o...

Posted: Nov 03, 2025

CNA Financial sees $403m net income and record $409m core income in Q3’25

Chicago-based insurer CNA Financial Corporation has announced its financial results for the third quarter of 2025, reporting an increased net income of $403 million, 40% growth in core income and an improved Property & Casualty combined ratio...

Posted: Nov 03, 2025

Verisk estimates Hurricane Melissa insured losses could reach $4.2bn

The Extreme Event Solutions group at Verisk has estimated that industry insured losses to onshore property in Jamaica from Hurricane Melissa will likely range from $2.2 billion to $4.2 billion. The global data analytics and technology firm provide...

Posted: Nov 03, 2025

Aviva appoints Richard Taylor as Head of Cyber & Tech E&O

British insurer Aviva has announced the appointment of Richard Taylor as Head of Cyber & Tech E&O. Following Aviva’s acquisition of Probitas Holdings (Bermuda) Limited for a consideration of £249 million in July 2024, Taylor takes on a wid...

Posted: Nov 03, 2025

Berenberg sees 2025 reinsurance softening as more disciplined and sustainable

Berenberg analysts have suggested that the 2025 market softening stands apart from past soft cycles in its pace, discipline, starting point, and structural trends, potentially creating a more sustainable, risk-responsive environment, barring major...

Posted: Nov 03, 2025

OdysseyRe names Randhir Bilkhu as Head of AI Business Solutions

Odyssey Reinsurance Company, the property and casualty reinsurance arm of Odyssey Group Holdings, Inc., a subsidiary of Fairfax Financial Holdings Limited, has appointed Randhir Bilkhu as Head of Artificial Intelligence (AI) Business Solutions. In...

Posted: Nov 03, 2025

Protective Life to acquire Abry Partners’ portfolio company

Private equity firm Abry Partners announced that its portfolio company, Portfolio Holding, Inc., has entered into an agreement to be acquired by Protective Life Insurance Company, the principal subsidiary of Protective Life Corporation, a wholly o...

Posted: Nov 03, 2025

Fidelis appoints William Waddell-Dudley as UK CUO

Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited (Fidelis Insurance Group) has announced the appointment of William Waddell-Dudley as UK Chief Underwriting Officer CUO. In his new role, Waddell-Dudley will work closely with t...

Posted: Nov 03, 2025

Trident Marine Managers expands underwriting agreement with Aspen

Trident Marine Managers, a Ryan Specialty Underwriting Managers company, will now serve as the exclusive underwriter for Aspen Insurance Company’s Marine Hull, Primary, and Excess Marine Liability business, following an expanded underwriting...

Posted: Nov 03, 2025

MAPFRE RE’s profit climbs 23.6% as group result hits €829m in first nine months

MAPFRE has reported that MAPFRE RE, which encompasses its Reinsurance and Global Risks businesses, posted a profit of €256 million for the first nine months of 2025, a 23.6% increase compared to the same period last year. Of the total profit figur...

Posted: Nov 03, 2025

Jamaica to receive record $70.8m CCRIF parametric payout for Hurricane Melissa

The government of Jamaica is set to receive a record payout of USD 70.8 million (J$11.4 billion) following the passage of Hurricane Melissa, under the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) parametri...

Posted: Nov 03, 2025

Lockton Re expands Capital Advisory capabilities with senior appointments

Lockton Re, the reinsurance business of insurance broker Lockton, has appointed Darsh Patel to lead Transaction Structuring and Reserving Analytics globally and Jack McGregor to lead Retrospective Reinsurance and Legacy Solutions for North America...

Posted: Nov 03, 2025