Reinsurance News

Skuld, a global marine insurer, reported a solid financial result of USD 21 million for the financial year ending 20 February 2025. Despite a more demanding claims environment, the company’s performance was underpinned by a significant rise in gro...

Posted: May 12, 2025

The Supervisory Board of DEVK Rückversicherungs- und Beteiligungs-AG-DEVK RE has announced the appointment of Annette Hetzenegger and Dr. Fabian Pütz as new members of the Executive Board, effective June 1, 2025. Hetzenegger will be fully responsi...

Posted: May 09, 2025

kWh Analytics, a provider of climate insurance, has partnered with Nextracker, a provider of solar tracking solutions, to help secure improved insurance terms for a solar project in Arkansas—cutting the severe convective storm deductible by 50%. T...

Posted: May 09, 2025

Reinsurance market dynamics are seemingly more favourable to buyers in 2025, with Palomar Holdings CEO Mac Armstrong reporting that all placements so far have exceeded the company’s initial forecast of flat to down 5%. “All placements to-dat...

Posted: May 09, 2025

Global insurance and reinsurance broker Aon has announced that Carlo Clavarino, Executive Chairman, International, will continue in his role until 2029, following a contract extension. “Carlo is widely recognized and admired as one of the leading...

Posted: May 09, 2025

Armilla Insurance Services, a specialist managing general agent and Lloyd’s Coverholder focused on emerging technologies, has launched a new AI Liability Insurance policy designed specifically to address the growing legal and operational risks tie...

Posted: May 09, 2025

Global Indemnity Group has announced its financial results for the first quarter of 2025, reporting a net loss available to common shareholders of $4.1 million, which includes $12.2 million after tax of net loss attributed to California Wildfire e...

Posted: May 09, 2025

Monument Re Limited, a life insurance reinsurer and insurance holding company, has completed the transfer of a legacy €1.4 billion reinsurance portfolio, comprising annuity and other life insurance liabilities from its 2020 Greycastle acquisition,...

Posted: May 09, 2025

According to a recent commentary published by AM Best, the credit rating agency, the Taiwan dollar has strengthened against the US dollar at a speed not previously recorded, gaining approximately 8% within a two-day span. AM Best states that this...

Posted: May 09, 2025

Florida-domiciled insurtech HCI Group, Inc. has reported a 17% rise in consolidated gross premiums earned to $300.4 million for the first quarter of 2025, up from $256.6 million in Q1 2024, driven primarily by assumptions of policies from Citizens...

Posted: May 09, 2025

MSIG USA, an insurance subsidiary under MSIG Holdings, has strengthened its analytics and enterprise risk governance leadership with the appointment of Tony Beirne as Chief Actuary and Dale James as Chief Risk Officer. These appointments align wit...

Posted: May 09, 2025

Saudi Re has reported a net profit after zakat attributable to shareholders of SAR 35.4 million for Q1 2025, up from SAR 31.8 million in the same period last year. The company attributed the increase in net profit primarily to a 56% rise in reinsu...

Posted: May 09, 2025

AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the promotion of Ben Kinsella to Head of Risk Managed Underwriting, Retail, UK & Lloyd’s. In his new role, Kinsella will leverage his...

Posted: May 09, 2025

The Association of British Insurers (ABI), the trade body representing the UK’s insurance and long-term savings industry, has revealed that insurance claims related to extreme weather have reached a record high in the first quarter of 2025 — inten...

Posted: May 09, 2025

Amwins, a distributor of specialty insurance products and services, has announced the launch of CoverCap, a proprietary E&S solution providing primary property coverage tailored for the middle-market segment. Built for efficiency and backed by...

Posted: May 09, 2025

Commenting on the trade deal between the US and UK, as well as the Bank of England’s interest rate cut, Alex Bertolotti, Insurance Leader at PwC UK, noted that while UK insurance companies do not anticipate a direct impact, they are likely to welc...

Posted: May 09, 2025

Australian insurer QBE has reported strong gross written premium growth in Q1 2025, up 7% compared to the same period of 2024 to $8.3 billion. Excluding premium rate increases of 3.4%, QBE noted that ex-rate growth of 7% was driven by ongoing and...

Posted: May 09, 2025

Heritage Insurance Holdings, a super-regional P&C insurer, purchased $2.479 billion of catastrophe reinsurance limit at its 2025 renewal, which is up on last year’s $2.194 billion of limit, while this year’s placement included a hi...

Posted: May 09, 2025

Global insurer Chubb has announced the appointment of Carla Orejas as Head of Major Accounts and Distribution for Continental Europe, Middle East and North Africa (CEMENA), effective June 2, 2025. In her new role, Orejas will work in partnership w...

Posted: May 09, 2025

Synpulse, a consultancy specialising in the financial services sector, is pleased to announce the appointment of Jieke Pan as its new Chief Technology Officer (CTO). With over 20 years of experience in digital transformation, product innovation, a...

Posted: May 09, 2025

The International Holding Company (IHC) is launching a new Abu Dhabi based reinsurer with $1 billion plus of equity capital and partnerships with asset managers BlackRock and Lunate, while Mark Wilson the former CEO of Aviva and AIA Group has been...

Posted: May 09, 2025

Bermuda-domiciled insurer and reinsurer SiriusPoint has promoted Chris Fenn to Global Head of Marine. Additionally, Anthony Grew has been appointed as Head of Cargo effective July 21st, while Giulia Argano will join the Global Claims team as Marin...

Posted: May 09, 2025

India’s risk transfer market is at an inflection point, as reinsurance infrastructure in the country lags the evolution of the rapidly expanding primary insurance market, creating opportunities for new ideas and models, according to Tarun Mathur,...

Posted: May 09, 2025

India’s risk transfer market is at an inflection point, as reinsurance infrastructure in the country lags the evolution of the rapidly expanding primary insurance market, creating opportunities for new ideas and models, according to Tarun Mathur,...

Posted: May 09, 2025

Starwood Capital has announced the launch of a new division, Starwood Insurance Strategies, which will act as an extension of the company’s $30 billion real asset credit platform. Rob Allard, who has over 27 years of financial industry experience...

Posted: May 09, 2025