Reinsurance News
Zurich Insurance Group, in collaboration with the University of St. Gallen, is reimagining the future of insurance with its newly launched artificial intelligence (AI) Lab, Zurich AI Lab, aimed to accelerate industry transformation. Led by Group C...
Posted: Oct 29, 2025
Jim Williamson, Chief Executive Officer (CEO) of global insurer and reinsurer, Everest Group, said yesterday that there’s no reason to expect the firm’s casualty reinsurance portfolio to perform in the same way as its “bottom qua...
Posted: Oct 29, 2025
Relm Insurance, an insurer focused on emerging and innovative industries, has launched a UK MGA through its partnership with Bridgehaven Specialty UK Limited. According to the firm, this new MGA will provide a responsive underwriting experience an...
Posted: Oct 29, 2025
Tokio Marine GX (TMGX) and specialist MGA Northcourt, part of the Optio Group, have introduced NC Fusion, the first insurance facility within the Lloyd’s market designed specifically for nuclear fusion technology. The initiative establishes a clea...
Posted: Oct 29, 2025
Gallagher Re, a global reinsurance brokerage and risk advisory firm, has announced the appointment of Jennifer Jones as Executive Director for Marine and Energy. Jones will join Gallagher Re’s UK business, where she will play a key role in expandi...
Posted: Oct 29, 2025
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has joined the International Cooperative and Mutual Insurance Federation (ICMIF) as a Supporting Member of the global network. The...
Posted: Oct 29, 2025
According to AM Best, insured losses from Category 5 Hurricane Melissa in Jamaica are anticipated to remain modest, however, the bulk of these losses is expected to fall on reinsurers, reflecting the high reinsurance dependence of Caribbean-based...
Posted: Oct 29, 2025
S&P Global Ratings has upgraded the financial strength rating of International General Insurance Holdings Ltd. (IGI) to “A” from “A-”. The rating applies to IGI’s three subsidiaries: International General Insurance Co. Ltd. (Bermuda) (IGI Berm...
Posted: Oct 29, 2025
BMS has warned that the total economic impact of Hurricane Melissa could reach 30–250% of Jamaica’s GDP, potentially triggering a deep recession, widespread unemployment, a sharp decline in tourism, and severe strain on local banks and insurers, p...
Posted: Oct 29, 2025
Global reinsurer RenaissanceRe (RenRe) generated underwriting income of $770.2 million in the third quarter of 2025, an increase of 96% on the prior year quarter, as the firm highlights 21.9% underlying growth in the catastrophe class gross premiu...
Posted: Oct 29, 2025
The Insurance Council of Australia (ICA) has declared the hailstorm that impacted the wider Brisbane region on Sunday, 26th October 2025, a Significant Event, with insurers having received 11,000 claims to date. The storm brought intense rainfall,...
Posted: Oct 29, 2025
Cincinnati Financial Corporation has announced its financial results for the third quarter of 2025, reporting $3.72 billion in revenue and a 37% jump in net income to $1.12 billion, a strong performance fuelled by both investment gains and strong...
Posted: Oct 29, 2025
The Insurance Authority (IA), the insurance regulator of all authorised insurance companies and licensed insurance intermediaries in Hong Kong, has released provisional data for the first half of 2025, indicating total gross premiums of HK$423.4 b...
Posted: Oct 29, 2025
Mitsui Sumitomo Insurance and MSIG Asia (collectively known as MSIG), an international general insurance group providing a wide range of commercial and personal insurance solutions, have announced the appointment of Eric Schaap as Senior Vice Pres...
Posted: Oct 29, 2025
Chinese insurer Ping An achieved solid growth with continued improvement in business quality within its property & casualty (P&C) segment in the first nine months of 2025, reporting insurance revenue of RMB253,444 million, up 3% year on ye...
Posted: Oct 29, 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based Arch Capital Group, said today that the company remains bullish on the property catastrophe reinsurance business, despite the market being in its second round of rate decreases. A...
Posted: Oct 28, 2025
Property and casualty (P&C) insurance platform Guidewire has unveiled PricingCenter, a new application that aims to revolutionise insurance pricing and rating by increasing efficiency, improving accuracy, and speeding time to market. Purpose-b...
Posted: Oct 28, 2025
EPIC Insurance Brokers & Consultants (EPIC), a national insurance brokerage and consulting firm, has announced the acquisition of Price Insurance, an independent agency providing comprehensive solutions for individuals, families, and businesse...
Posted: Oct 28, 2025
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, has promoted Dominick Tassone Jr. to Chief Executive Officer (CEO) of AM Specialty Insurance Company (ASIC US), effective January 1s...
Posted: Oct 28, 2025
Brown & Brown, Inc., an insurance brokerage and risk management firm, reported total revenue of $1.6 billion under US GAAP for the third quarter of 2025, representing a 35.4% increase compared to the same period a year earlier. For the quarter...
Posted: Oct 28, 2025
Catastrophic risk modelling software provider KatRisk has announced Martyn Sutton, formerly of reinsurance giant Swiss Re, has joined its leadership team as General Manager. Sutton brings over thirty years of leadership experience in insurance and...
Posted: Oct 28, 2025
Jim Williamson, President and Chief Executive Officer at Bermudian insurer an reinsurer, Everest, characterised the property catastrophe reinsurance market as a “still very favourable environment,” describing it as well-priced and a risk the compa...
Posted: Oct 28, 2025
The Hartford has disclosed a record Q3 2025 net income available to common stockholders of $1.1 billion, up a considerable 41% from $761 million in the same period of 2024. According to the firm, the increase was primarily driven by lower Property...
Posted: Oct 28, 2025
Aon’s 2025 Global Risk Management Survey has found that UK businesses are outpacing their global peers in risk management and governance, with nearly eight in ten UK respondents (78.6%) reporting direct board involvement compared with 61.4%...
Posted: Oct 28, 2025
Royal London, a mutual provider of life, pensions, and investment solutions, has finalised a £16 million bulk purchase annuity (BPA) arrangement with the Premdor Crosby Pension Plan. This transaction, which secures benefits for 181 members, is the...
Posted: Oct 28, 2025