Reinsurance News
Global multiline insurers (GMIs) are expected to report stable profits or a low single-digit increase in profits in 2025, compared with 2023-2024, S&P revealed in a recent report. “We anticipate aggregate earnings of $65 billion-$75 bill...
Posted: May 30, 2025
US Coastal Insurance Company (USCIC) and US Coastal Property and Casualty Insurance Company (USCPC)—together known as US Coastal—have sponsored a debut catastrophe bond, securing $330 million in US named storm reinsurance through its Chartwell Re...
Posted: May 30, 2025
Aon, a professional services firm specialising in risk, retirement, and health solutions, has released its latest Weekly Catastrophe Report highlighting severe weather impacts across the United States. Over the past week, the southern US experienc...
Posted: May 30, 2025
Arden Insurance Services, a tech-enabled managing general agency (MGA), has surpassed $300 million of in-force premium since its founding in June 2016. This major milestone means Arden now insures over $175 billion of total insured value. The MGA...
Posted: May 30, 2025
Florida’s personal property insurance market reported a significant recovery in 2024, posting its first underwriting profit after eight consecutive years of losses, according to a recent AM Best report. The sector also recorded a substantial incre...
Posted: May 30, 2025
Markel Insurance, the insurance arm of Markel Group Inc., has appointed Lee Mooney to lead its UK regional business, succeeding Neil Galjaard, who will step down from his role towards the end of June. Galjaard has served as Divisional Managing Dir...
Posted: May 30, 2025
The upcoming 2025 Atlantic hurricane season is expected to see “above average” activity, though likely less extreme than in 2024, with the reinsurance market appearing well-positioned to manage it, according to Acrisure Re, the re/insurance divisi...
Posted: May 30, 2025
AM Best has removed the under review with developing implications status it placed on Velocity Specialty Insurance Company (VSIC) earlier this year, upgrading its Financial Strength Rating to A from A- and its Long-Term Issuer Credit Rating (Long-...
Posted: May 30, 2025
Palomar Holdings has completed key reinsurance placements effective June 1, 2025, adding approximately $455 million in incremental limit to support its expanding Earthquake franchise, bringing total earthquake coverage to $3.53 billion and U.S. hu...
Posted: May 30, 2025
Steve Parker is to head up Vasek Insurance, part of Gallagher’s UK & Ireland Retail division, as Managing Director, taking over the role from James Collins, who has been appointed Managing Director to lead the firm’s UK-wide real estate offeri...
Posted: May 30, 2025
Florida headquartered property insurer American Integrity Insurance Group has completed the placement of its 2025-2026 catastrophe excess-of-loss reinsurance program, lifting the amount of limit secured by 45%, or $799 million year on year to $2.5...
Posted: May 30, 2025
Universal Insurance Holdings’ wholly-owned insurance subsidiaries have completed their combined reinsurance program for the 2025–2026 period, setting the top of their reinsurance tower for a single All States event (including Florida) at $2.526 bi...
Posted: May 30, 2025
Global shipping losses have fallen to their lowest level in decades—just 27 vessels in 2024, down from more than 200 annually in the 1990s—according to the Safety and Shipping Review 2025 by Allianz Commercial, the corporate insurance division of...
Posted: May 30, 2025
Global fintech Acrisure has entered into a definitive agreement to acquire Heartland Payroll Solutions, Global Payments’ payroll business, for $1.1 billion. Heartland Payroll is a payroll and human capital management (HCM) company in the United St...
Posted: May 30, 2025
Canadian managing general agent (MGA) Revau, a specialist in property and casualty insurance, is expanding its footprint in the US through its recent partnership with Brazos Specialty Risk Insurance and Twenty Mile Insurance Services, two independ...
Posted: May 30, 2025
kWh Analytics, a provider of climate insurance and risk management for renewable energy projects, has appointed Amy Nauiokas—Founder and Group CEO of Anthemis Group—to its Board of Directors. The move reinforces kWh Analytics’ ambition to scale it...
Posted: May 30, 2025
Italian headquartered insurer Generali has returned to the insurance-linked securities (ILS) market sponsoring a catastrophe bond issued by Lion Re DAC that comprises two classes of notes for a total of €200 million covering windstorms in Europe a...
Posted: May 29, 2025
Global reinsurance broker Gallagher Re has announced the appointment of Lisa Duncan as Senior Vice President (SVP), NA Program Solutions. Duncan brings more than 16 years of re/insurance experience to her new role. She joins Gallagher Re from BMS...
Posted: May 29, 2025
Howden’s global reinsurance, capital markets, and strategic advisory arm, Howden Re, has noted a continued moderation in property-catastrophe reinsurance pricing at 1 June 2025, while underwriting rigour reportedly persisted, especially in s...
Posted: May 29, 2025
Hurricane associated risks are distorting property markets in locations previously considered stable, not due to direct storm impact, but due to escalating insurance challenges, a recent report by Cotality has revealed. The 2025 Hurricane Risk Rep...
Posted: May 29, 2025
Aspen Insurance Group, a specialty insurer and reinsurer, has announced the appointment of Lee Elliston as Chief Operating Officer, Claims & UK. Elliston joined Aspen in January 2022 and has served as Chief Operating Officer, Group Claims sinc...
Posted: May 29, 2025
The UK P&I Club reported continued growth at the end of the 2024/2025 financial year, with a 6.6% investment return increasing the Club’s free reserves to $494 million, despite a challenging policy year for the sector. The rise in free reserve...
Posted: May 29, 2025
Helios Underwriting has reported preliminary retained underwriting profit of £31.4 million in its 2024 results, which remains relatively flat compared to 2023’s £31.6 million. The company, which offers instant access to a diverse portfolio of synd...
Posted: May 29, 2025
Moody’s Ratings has revised the outlook on Assicurazioni Generali S.p.A. (Generali) to positive from stable and affirmed its A3 Insurance Financial Strength Rating (IFSR). The outlooks on Generali’s main operating insurance subsidiaries in Italy,...
Posted: May 29, 2025
SanlamAllianz Re’s Synapse 2025 event served as a catalyst for bold dialogue, strategic partnerships, and forward-thinking innovation, reinforcing confidence in Africa’s future, according to the reinsurance provider’s CEO, Ilyes Hassib. More than...
Posted: May 29, 2025