Reinsurance News

Duck Creek Technologies, a provider of software solutions for property and casualty (P&C) and general insurance, has announced the appointment of General Daniel Hokanson, USA, Ret. to the company’s board of directors. Hokanson, a retired 4-Sta...

Posted: Apr 28, 2025

Selective Insurance Group has reported its financial results for the first quarter of 2025, reporting net income of $107.6 million, $1.24 billion in net written premiums (NWP) and an improved combined ratio of 96.1%. The company achieved a 7% year...

Posted: Apr 28, 2025

Addresscloud, a provider of geocoding and property intelligence solutions, has announced a strategic partnership with Smarty, a US address data and geolocation specialist. The collaboration aims to equip underwriters with rooftop-level location ac...

Posted: Apr 28, 2025

ReSource Pro, a strategic operations partner for the insurance industry, has named Paul Naquin as Senior Vice President and General Manager of its newly established Technology Services division. In this executive role, Naquin will oversee a global...

Posted: Apr 28, 2025

While tariff-induced inflationary factors impacting property insurance are expected to affect property reinsurance as well, Morningstar DBRS analysts have suggested reinsurers will only see a mild impact due to their diverse global operations and...

Posted: Apr 25, 2025

Echo Reinsurance Limited (Echo Re), a Swiss-based reinsurer, reported gross written premiums of $482 million in its full-year 2024 results, marking a 7.3% increase from $449 million in 2023. In light of the solid premium growth in 2024, Property m...

Posted: Apr 25, 2025

Regardless of the turbulent macroeconomic environment, the long-term trends, in terms of levels of risk, is on the rise, and as the need for solutions increases, there will be implications for demand and pricing of re/insurance, according to Greg...

Posted: Apr 25, 2025

Global Aerospace, a provider of aviation and aerospace insurance, has announced the appointment of Eric Donofrio as Chief Underwriting Officer. In this role, Donofrio will oversee U.S. underwriting operations, reporting to Jeffrey Bruno, President...

Posted: Apr 25, 2025

US insurance holding company Donegal Group Inc. has announced its financial results for the first quarter of 2025, reporting an increase in net income to $25.2 million and in net premiums earned, $232.7 million, as well as an improved combined rat...

Posted: Apr 25, 2025

Willis, a WTW business, has announced the appointment of Dom Spinelli as Head of Transactional Insurance Claims for North America. In this role, he will lead the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) division,...

Posted: Apr 25, 2025

A new report from AM Best, the credit rating agency, highlights a pressing issue for the US property and casualty insurance sector: nearly half of all US states recorded their highest single-year property catastrophe loss ratio in the past decade...

Posted: Apr 25, 2025

Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a 4.7% increase in direct premiums written for the first quarter of 2025, at $467.1 million from $446.1 million a year earlier, driven by 34.7% g...

Posted: Apr 25, 2025

During RenaissanceRe’s first-quarter 2025 earnings call, CEO Kevin J. O’Donnell focused early remarks on the impact of tariffs and inflation—two major forces shaping the global economic landscape and the reinsurer’s business stra...

Posted: Apr 25, 2025

Floodbase, a platform focused on insuring flood risks beyond traditional coverage, has partnered with insurance intermediary Yokahu to introduce automated parametric flood insurance in New Orleans. The initiative aims to provide faster, more flexi...

Posted: Apr 25, 2025

Global broking group Aon’s Reinsurance Solutions arm delivered year on year organic revenue growth of 4% to $1.2 billion in the first quarter of 2025, as total revenue across the group increased by 5% on an organic basis to $4.7 billion. In...

Posted: Apr 25, 2025

The Hartford has reported a Q1 2025 net income available to common stockholders of $625 million, down from $748 million in Q1 2024, primarily driven by P&C current accident year catastrophe losses of $467 million, before tax, including $325 mi...

Posted: Apr 25, 2025

Everest, a provider of reinsurance and insurance solutions, is expanding the executive leadership team for its US Wholesale insurance business, Everest Evolution™. The appointments include Matt Meserole as Head of Excess Casualty, where he will ov...

Posted: Apr 25, 2025

MAPFRE RE, which encompasses the Reinsurance and Global Risks businesses of Madrid-based insurer MAPFRE, has reported a combined ratio of 97.9% for Q1 2025, an increase of 4.1 percentage points from Q1 2024, driven by the California wildfires, whi...

Posted: Apr 25, 2025

The International Underwriting Association’s Board has welcomed three new members, all senior leaders from the London company market. Its three new member representatives are Charlotte Lach, Chief Operating Officer of AIG UK and Global Speci...

Posted: Apr 25, 2025

Pen Underwriting, a specialist underwriting agency in the UK, has appointed Lorraine Malcolm as Senior Underwriter for Scotland within its Commercial Risk Managed team, effective Tuesday, 22nd April. This team serves brokers and clients nationwide...

Posted: Apr 25, 2025

hyperexponential (hx), a UK-based pricing decision intelligence platform for re/insurers, has partnered with Duck Creek Technologies, a provider of intelligent solutions for the property and casualty insurance industry, to drive performance and pr...

Posted: Apr 25, 2025

Global insurer and reinsurer, AXIS Capital Holdings Limited and global legacy re/insurance specialist, Enstar Group Limited have completed their previously announced 75% ground-up quota share loss portfolio transfer (LPT) reinsurance agreement. Th...

Posted: Apr 25, 2025

Strong bulk annuity volumes are expected for 2025, which will continue to benefit UK life insurers despite potential challenges from regulatory changes, according to a recent Fitch Ratings report. Driven by favourable market conditions and signifi...

Posted: Apr 25, 2025

Insurance brokerage Lockton is strengthening its People Solutions team with the return of Robert Reiff as Regional Executive. Reiff is rejoining Lockton from Soluta Inc., where he most recently served as Chief Revenue Officer, leading revenue deve...

Posted: Apr 25, 2025

Goosehead Insurance, an independent personal lines insurance agency, has reported robust financial results for the first quarter of 2025, with total revenues reaching $75.6 million – up 17% from the same period last year. Core revenues, whic...

Posted: Apr 25, 2025