Reinsurance News

BMS, an independent insurance and reinsurance broker, has announced the promotion of Kian Wookey to the newly created role of Managing Director (MD), Bermuda Product Line Development. Based in Bermuda, Wookey will report to Mark Lawson, Managing D...

Posted: Jul 30, 2025

Allianz UK, part of the financial services group Allianz SE, has signed a new insurance agreement with Sainsbury’s Bank as it looks to expand its reach in the UK retail insurance market. Starting 1 November 2025, Allianz UK will provide replacemen...

Posted: Jul 30, 2025

Verisk, a data analytics and technology provider to the insurance and energy industries, has entered into a definitive agreement to acquire AccuLynx, a SaaS platform providing end-to-end business management workflow for residential property contra...

Posted: Jul 30, 2025

Property insurers paid out £1.6 billion in claims during the second quarter of 2025, a 7% increase compared to the previous quarter, as they helped homeowners and businesses recover from unexpected events and costly disruptions, according to the A...

Posted: Jul 30, 2025

Mercury General Corporation has reported net income of $166.5 million for the second quarter of 2025, representing a significant 166.1% increase compared to $62.6 million in the same quarter a year prior. Operating income also improved sharply, ri...

Posted: Jul 30, 2025

Global insurer and reinsurer Everest has announced the appointment of Josh Pillion as U.S. National Distribution Manager for Everest Insurance. Based in Los Angeles, Pillion will report to Craig Hanrahan, Head of Field Operations, North America. I...

Posted: Jul 30, 2025

Resolution Life, a life insurance group focused on reinsurance and managing life insurance portfolios, has entered into a reinsurance agreement with Taiju Life Insurance Company Limited, a domestic insurer and part of the Nippon Life group. The ag...

Posted: Jul 30, 2025

Global reinsurance broker Gallagher Re has announced the appointment of Mark Braithwaite from Lockton Re as Chief Commercial Officer, North America (NA). In this role, Braithwaite will play a key part in shaping the strategic direction of Gallaghe...

Posted: Jul 30, 2025

Aon, a global insurance and reinsurance broker, has released its Q2 2025 Global Insurance Market Insights, highlighting a notable phase in the insurance market where increased capacity and softening rates are coinciding with intensifying systemic...

Posted: Jul 30, 2025

Japan Post Insurance, KKR, and Global Atlantic (a wholly owned subsidiary of KKR) have signed definitive agreements under which Japan Post Insurance will invest $2 billion in a new vehicle sponsored by Global Atlantic, marking the latest milestone...

Posted: Jul 30, 2025

Global specialty underwriter and provider of insurance and reinsurance, AXIS Capital Holdings Limited, has reported an increase in gross premiums written (GPW) of $76 million, or 3% to $2.5 billion for the second quarter of 2025, driven by an incr...

Posted: Jul 30, 2025

Davies, a specialist professional services and technology provider for the insurance and regulated markets, is expanding its existing flood claims management with the launch of a new dedicated flood services division. This new division, led by Jes...

Posted: Jul 30, 2025

Arch Capital Group Ltd., the Bermuda-based insurer and reinsurer, delivered net income of $1.2 billion for the second quarter of 2025, down slightly on the comparable prior year quarter’s $1.3 billion, as the firm reports solid growth in bot...

Posted: Jul 30, 2025

Bermuda-based reinsurer Conduit Re fell to a comprehensive loss of $13.5 million with a negative reinsurance service result of $15.2 million in the first half of 2025, as the discounted net loss ratio increased significantly year-on-year to 95.8%...

Posted: Jul 30, 2025

Cincinnati Financial Corporation has reported growth of 11%, or $274 million in property and casualty (P&C) net written premiums to $2.7 billion for the second quarter of 2025, driven by price increases, premium growth initiatives and a higher...

Posted: Jul 30, 2025

Mosaic Insurance, a specialty insurer known for underwriting complex and emerging risks, has expanded into the digital asset space with a new insurance solution designed specifically for this fast-growing industry. The offering combines cyber and...

Posted: Jul 30, 2025

Global insurance and reinsurance brokerage Aon has appointed Natalie Rose as its new Bermuda Insurance Vertical Leader, part of the firm’s Reinsurance Solutions segment. In the new role, she will focus on strengthening the broker’s client relation...

Posted: Jul 30, 2025

Swiss Re, a reinsurer known for its expertise in risk management and insurance solutions, has released a detailed report exposing the widening gaps in health and mortality protection across Asia. The report includes findings from a survey involvin...

Posted: Jul 30, 2025

As insurers prepare for 2026 amid softening market conditions and a shifting risk landscape, LCP is urging general insurance actuaries to review their modelling assumptions to ensure capital models remain robust—factoring in climate risks alongsid...

Posted: Jul 29, 2025

Munich Re Specialty – North America, part of the insurance operations of global reinsurer Munich Re, has announced the promotion of Claudia Carnevale to Head of North America Programs. In this role, Carnevale will oversee the company’s North Ameri...

Posted: Jul 29, 2025

US-based insurer The Hartford has announced its financial results for the second quarter of 2025, reporting a 35% increase in net income, and 8% growth in Property & Casualty (P&C) written premiums. According to the firm, the increase in Q...

Posted: Jul 29, 2025

Everest Reinsurance, the reinsurance division of Everest Group, has announced that Catherine Soyka is joining its team in Singapore as Assistant Vice President (AVP), Reinsurance Underwriting for Oceania. Soyka brings 15 years of industry experien...

Posted: Jul 29, 2025

Cincinnati Financial Corporation has announced that it purchased an additional layer on its property catastrophe reinsurance treaty with a limit of $300 million, effective July 1st, increasing the total limit from $1.5 billion to $1.8 billion. Acc...

Posted: Jul 29, 2025

Marsh McLennan remains the top global insurance and reinsurance broker by total revenue for the 15th consecutive year, increasing its revenue by $1.72 billion to $24.46 billion in 2024, while several other brokers maintained their positions in the...

Posted: Jul 29, 2025

Mercury Insurance, a provider of property and casualty insurance, is preparing a homeowners insurance rate filing using the California Department of Insurance’s (CDI) recently approved Verisk Wildfire Model. Last week, the CDI completed its review...

Posted: Jul 29, 2025