Reinsurance News
There have recently been several significant weather events across Queensland, New South Wales, and Victoria, with Australian insurer IAG receiving over 10,000 claims—primarily related to motor and property hail damage—while its strong reinsurance...
Posted: Nov 10, 2025
The Cooperative Insurance Company (Tawuniya) has obtained the necessary license from the Insurance Authority (IA) to establish its new, wholly-owned subsidiary, Riyadh Reinsurance Company (Riyadh Re). Headquartered in Riyadh and incorporated on No...
Posted: Nov 10, 2025
The World Wide Fund for Nature (WWF), an independent conservation organisation, is calling on policymakers and financial regulators gathering at COP30 to place climate and nature action at the centre of financial resilience strategies. In a new po...
Posted: Nov 10, 2025
Conduit Holdings, the Bermuda-based reinsurer and specialty insurance group, outlined a measured approach to portfolio management and risk alignment during its Q3 2025 earnings call. Chief Executive Officer Neil Eckert and Chief Financial Officer...
Posted: Nov 10, 2025
Global insurance and reinsurance broker Marsh McLennan has announced the appointment of Marco Araldi as Chief Executive Officer (CEO) of Marsh McLennan Italy, effective January 2026. Araldi succeeds Andrea Bono, who has been appointed CEO of Marsh...
Posted: Nov 10, 2025
HCI Group, Inc., a Tampa-based holding company primarily engaged in property and casualty insurance through its subsidiaries, reported a 13% rise in gross premiums earned for the third quarter of 2025 to $301.1 million from $265.5 million in Q3’24...
Posted: Nov 10, 2025
Willis, a WTW business, has announced three senior appointments to its Direct and Facultative team in Great Britain. The additions of Fiona Kerr, David Watson, and James Kelly highlight the firm’s focus on expanding its global facultative expertis...
Posted: Nov 10, 2025
Global reinsurance brokerage Gallagher Re has strategically partnered with Nanyang Technological University, Singapore (NTU Singapore), ranked among the world’s top universities, to establish the Gallagher Re Asia Hazards Program and co-fund three...
Posted: Nov 10, 2025
The United Nations Environment Programme (UNEP) hosted the Forum for Insurance Transition (FIT), which recommended establishing an International Taskforce on Climate Resilience and Transition Insurance. This taskforce would unite insurers, the bro...
Posted: Nov 10, 2025
Global reinsurer Hannover Re expects to book a three digit loss for Hurricane Melissa, but is confident that its share of loss from the event will be less than the roughly €450 million of unused third quarter large loss budget. This morning, Hanno...
Posted: Nov 10, 2025
AM Specialty Insurance Company (ASIC), an excess and surplus (E&S) insurance firm and an accredited reinsurer, has promoted Thomas Randall to Company Secretary of AM Specialty Insurance Company (ASIC U.S.). This promotion aligns with the re/in...
Posted: Nov 10, 2025
Willis, a business of insurance and reinsurance broker WTW, has established a dedicated Data Centre Industry Practice for Asia, with Lay See Ong appointed to lead the new unit as Practice Leader in Asia, based in Singapore. This new role is in ad...
Posted: Nov 10, 2025
The International Underwriting Association (IUA), the representative body for re/insurers in the London company market, has announced that Theo Butt, Chief Executive Officer, UK at Convex Insurance, has been elected as its new Chair, effective Jan...
Posted: Nov 10, 2025
In its latest report, HDI Global, an international industrial insurer based in Hannover, analyses how companies can better manage cyber exposure and strengthen resilience. The report draws on the expertise of David Bartolini, Head of Cyber Risk En...
Posted: Nov 10, 2025
Allianz Trade, a trade credit insurance provider, has announced a leadership update within its Specialty Credit & Mid Term division. William Whittington, who has been Head of Region for Specialty Credit & Mid Term, has been appointed Globa...
Posted: Nov 10, 2025
Hannover Re, one of Europe’s big four reinsurers, has raised its full year 2025 net income guidance by €200 million to €2.6 billion on the back of a strong performance in the first nine months of the year, during which net income increased b...
Posted: Nov 10, 2025
Global fintech Acrisure has announced the appointment of Aaron Radelet to the newly created role of Chief Corporate Affairs Officer. In this role, Radelet will oversee the company’s global corporate brand and reputation strategy, including communi...
Posted: Nov 10, 2025
Mission, the global Managing General Agent (MGA) incubator, has reached an agreement to support a new team in launching a UK commercial combined MGA, Lumara Insurance, in the fourth quarter of 2025. The MGA, led by industry veterans David Aslin an...
Posted: Nov 10, 2025
Testudo, a technology and data company underwriting artificial intelligence (AI) risks, has announced the appointment of Peter Wedge as General Counsel. Launched in 2024, Testudo underwrites AI risks using active litigation monitoring and real-tim...
Posted: Nov 10, 2025
AM Best, the credit rating agency, has assigned Zhibao Labuan Reinsurance Company Limited (Zhibao Re) of Malaysia a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good), with a stable outlook. According to A...
Posted: Nov 10, 2025
Canada Life Reinsurance, the Capital and Risk Solutions (CRS) reinsurance business of Great-West Lifeco, had a strong third quarter in 2025 with base earnings up 20% from the prior year quarter to $265 million. Alongside the increase in base earni...
Posted: Nov 07, 2025
Morningstar DBRS has highlighted that while Canadian property and casualty (P&C) insurers remain robust, with strong capital margins and growth potential, they face a rising threat from natural catastrophes and the losses these events can caus...
Posted: Nov 07, 2025
Fitch Ratings, a provider of credit ratings, research, and risk analysis, has stated that the European Commission’s proposed reductions in Solvency II capital requirements would be mildly negative for the credit profiles of European insurers. Acco...
Posted: Nov 07, 2025
Brown & Brown, Inc., an insurance brokerage and risk management firm, announced the appointments of Jessica Getman and Joe Siech as Retail Senior Leaders (RSLs), within its Retail segment. In these roles, Getman and Siech will support the Reta...
Posted: Nov 07, 2025
The Government of Jamaica will receive a full payout of $150 million under its catastrophe insurance coverage, backed by a World Bank catastrophe bond, following the devastating impact of Hurricane Melissa. Hurricane Melissa was the thirteenth nam...
Posted: Nov 07, 2025