Reinsurance News
Price Forbes Re, an independent reinsurance broker, has entered the life, pensions and annuities space with the appointment of Isaac Sanday to the newly created role of Global Head of Life, Pensions & Annuities. Based in London, Sanday will re...
Posted: Jun 05, 2025
Aspen Insurance has reported a net income of $36.8 million in Q1 2025, down from $111.8 million in the same period of 2024, as its combined ratio increased to 96.1%. The firm reported growth in both gross and net written premiums in Q1 2025, which...
Posted: Jun 05, 2025
Arch Insurance International has announced the appointment of Tim Chapman as Head of Construction, a newly created leadership position, effective immediately. In this role, Chapman will be responsible for shaping and expanding Arch’s global constr...
Posted: Jun 05, 2025
Global life and health reinsurer, Reinsurance Group of America (RGA), has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings, to reinsure a blo...
Posted: Jun 05, 2025
Young people believe that access to insurance must become simpler, more digital, and user-friendly to meet their distinct needs, according to a recent survey by Insurance Europe in partnership with the European Youth Parliament (EYP). The survey g...
Posted: Jun 05, 2025
Australian insurers QBE has announced the appointment of Adrian Browne as Director of Underwriting, Casualty for the UK, taking over the role from Anna Bennertt who is retiring at the end of 2025. Browne has over two decades of experience in insur...
Posted: Jun 05, 2025
Credit rating agency AM Best has assigned a Performance Assessment of PA-1 (Exceptional) to a group of nine affiliates of Ryan Specialty Underwriting Managers (RSUM), and given them a stable outlook. At the same time, AM Best upgraded the assessme...
Posted: Jun 05, 2025
Markel Insurance, the insurance operations within Markel Group Inc., has launched Financial Institutions (FI) solutions in Australia, with localised wordings to service a broad range of organisations in the sector. This move is part of Markel̵...
Posted: Jun 05, 2025
Credit rating agency AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Accelerant Re I.I. (ARPR) (Puerto Rico), with a stable outlook. Concurrently,...
Posted: Jun 04, 2025
Aon, the global insurance and reinsurance broker, has announced the appointment of Dan Hartung as the Global Head of Event Response for Risk Capital, effective immediately. With nearly 15 years of expertise in meteorology and catastrophe analytics...
Posted: Jun 04, 2025
Amiga Specialty, an independent international Managing General Agent (MGA) headquartered in London, has officially launched with the goal of becoming a leading force in the global insurance MGA market, driven by strategic acquisitions and strong o...
Posted: Jun 04, 2025
Technology-centric underwriting agency reThought Flood has appointed business development leader and flood expert Kevin C. Thomas to help expand its presence in the residential flood risk market. Thomas will lead the continued development of reTho...
Posted: Jun 04, 2025
Property and casualty (P&C) insurance platform Guidewire reported total revenue of $293.5 million for the third quarter of fiscal year 2025, a 22% increase from the same quarter last year. Subscription and support revenue reached $181.8 millio...
Posted: Jun 04, 2025
US insurers Centauri Insurance and Lilypad Insurance have sponsored a $30 million Koi Re private catastrophe bond, designed to provide indemnity-based reinsurance protection against named storms in the US. Its successful issuance marks a significa...
Posted: Jun 04, 2025
Reinsurers’ Probable Maximum Loss (PMLs) exposures as a percentage of equity capital remained broadly stable year-over-year at January 1 for U.S. wind, U.S. earthquake, and European wind, according to a new report from Moody’s. In contrast,...
Posted: Jun 04, 2025
Paul Latarche has been appointed Chief Digital Officer of Verisk Specialty Business Solutions, a leading insurance and reinsurance software specialist in the global re/insurance markets. In his new role, Latarche will lead Verisk Specialty Busines...
Posted: Jun 04, 2025
The Lloyd’s of London insurance market, represented by MS Amlin, Mosiac Insurance, and the Texel Group, has partnered with Legal & General in a recent transaction to bolster sustainable development in the Republic of Togo. This collaboration f...
Posted: Jun 04, 2025
Optalitix has revealed an upgrade to its flagship product, Optalitix Models, with the launch of a powerful new feature, Model Monitoring. This enhancement, made possible by integrating Google Cloud’s latest system tracking technologies directly in...
Posted: Jun 04, 2025
As licensed foreign reinsurers continue to expand their market presence in India, their market share, in terms of gross written premiums (GWP), is estimated to surpass 50% in 2025, according to GlobalData. Foreign reinsurers have nearly doubled th...
Posted: Jun 04, 2025
Newline Group, a specialty insurance provider, has appointed John Driscoll to the newly created position of Deputy Chief Underwriting Officer. Driscoll will be based in London, working alongside Andy Pecover, the Chief Underwriting Officer of Newl...
Posted: Jun 04, 2025
Howden, an insurance intermediary, has acquired Granular Investments Limited and Granular Investments EU SAS, reinforcing its position in the European credit risk transfer market. The acquisition enhances Howden’s solutions for major financial ins...
Posted: Jun 04, 2025
Odyssey Reinsurance Company, the property and casualty reinsurance arm of Odyssey Group Holdings, Inc., a subsidiary of Fairfax Financial Holdings Limited, has appointed Matthew Sheppard as Deputy Chief Underwriting Officer (CUO), London branch. S...
Posted: Jun 04, 2025
According to Fitch Ratings, a credit rating agency known for its financial analysis and industry outlooks, Germany’s non-life insurance sector performed better than previously projected in 2024. Fitch revised key performance indicators upward acro...
Posted: Jun 04, 2025
Bermuda-domiciled insurer and reinsurer AXIS Capital Holdings has appointed Peter Smith as the Head of Cyber North America and Tara Sapru as the Head of Technical Underwriting in its Global Cyber & Technology (GCT) team, effective immediately....
Posted: Jun 04, 2025
The African Reinsurance Corporation has reported an overall net profit for Q1 2025 of $22.5 million, marking an increase of 32.5% compared to a profit of $16.9 million achieved in the same period of 2024. According to the firm, the net income incr...
Posted: Jun 04, 2025