Reinsurance News
Karen Clark & Company (KCC), a provider of catastrophe risk modelling solutions, has released Version 4.0 of its US Severe Convective Storm (SCS) Model. In the US, SCS losses dominate annual weather-related insured property losses. KCC noted t...
Posted: Nov 12, 2025
The Government of the Philippines’ Bureau of Fisheries and Aquatic Resources (BFAR) and the Philippine Crop Insurance Corporation (PCIC), have partnered with global conservation organisation Rare and insurance broker Willis, a WTW business,...
Posted: Nov 12, 2025
Global re/insurance broking group, Gallagher has introduced a new UK Retail operating structure with the creation of two new trading divisions, which will align to different client segments, and leadership appointments. The new operating structure...
Posted: Nov 12, 2025
Atrium, an insurance group operating within the specialist Lloyd’s insurance and reinsurance marketplace, has been granted “in principle” approval for its new delegated property catastrophe and weather and climate risk-focused Syndicate 2026. The...
Posted: Nov 12, 2025
Magenta, part of DUAL UK, has announced that it has signed a new deal with global insurer Zurich to provide capacity for its mid-net-worth (MNW) home insurance product. The MNW home insurance market has faced persistent challenges of under-insuran...
Posted: Nov 12, 2025
Future wildfire losses in California are likely to exceed what recent fire footprints suggest, challenging how the re/insurance industry assesses and prices risk, Daniel Bannister, from Willis Research Network, states in a recent analysis. Two dec...
Posted: Nov 12, 2025
Tampa-based property and casualty insurance holding company, American Integrity Insurance Group, has disclosed gross premiums written of $239.1 million in Q3 2025, an increase of 48.5% compared to the same quarter of 2024. Meanwhile, gross premium...
Posted: Nov 12, 2025
Selective Insurance Group, Inc. has announced the appointment of Nathan Rugge, Senior Vice President, Chief Corporate Actuary, Reserving, as its new Executive Vice President (EVP), Chief Actuary. Rugge will assume the role following the retirement...
Posted: Nov 12, 2025
Chubb has unveiled a new AI-powered optimisation engine within Chubb Studio, its global technology platform for embedded insurance distribution. Unveiled at the Singapore Fintech Festival, the optimisation engine is designed to help Chubb’s partne...
Posted: Nov 12, 2025
Latin America’s reinsurance market is attracting growing international interest, with an influx of new entrants and capital flowing into the region, including a noticeable rise in managing general agents (MGAs), according to Howden Re, the global...
Posted: Nov 12, 2025
Lockton Re, the reinsurance business of insurance broker Lockton, has appointed Mozum Khan to the newly established role of Global Head of Property Innovation & Solutions, based in Dubai. Most recently, Khan served as Managing Director of Anal...
Posted: Nov 12, 2025
Corporate & Specialty lines insurer HDI Global has announced the appointment of John Morrell as the new Head of Energy & Power Underwriting Middle East, within its cross-divisional Energy & Power Unit, effective 1 December, 2025. Based...
Posted: Nov 12, 2025
Accenture, a professional services company specialising in digital transformation, cloud, and artificial intelligence, has announced an investment in Lyzr, an AI innovator that has built a comprehensive enterprise agent infrastructure platform. Ma...
Posted: Nov 12, 2025
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) set a new benchmark in 2024, contributing $1,210,566,922 to Bermuda’s economy, and employing a record number of Bermudians, according to the association’s 20th Ann...
Posted: Nov 11, 2025
According to Active Re’s 2024 Annual Report, the global reinsurer is transforming its retrocession approach, moving from a transactional model to a more strategic, integrated framework. This change is designed to improve capital efficiency, optimi...
Posted: Nov 11, 2025
Ambac Financial Group, Inc. has rebranded as Octave Specialty Group, Inc. (Octave), a global specialty insurance firm, while its Everspan Group businesses will continue to operate under their existing brands. The company will begin trading under i...
Posted: Nov 11, 2025
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, and KazakhExport, the Export Credit Agency of the Republic of Kazakhstan, hav...
Posted: Nov 11, 2025
Property and casualty insurer Chubb Limited has appointed Susan Spivak as Senior Vice President (SVP) of Investor Relations, effective November 17th, 2025. Spivak is an industry veteran with more than two decades of experience in senior investor r...
Posted: Nov 11, 2025
For the third quarter of 2025, average premium renewal rates have increased across all major commercial lines of business year over year, except Workers’ Compensation, according to the latest Ivans Index. However, the overall trend for Q3 2025 was...
Posted: Nov 11, 2025
The third quarter 2025 results of Applied Systems’ Applied Rating Index show that average premiums for both personal auto and personal property lines in Canada increased year over year. In Q3’25, the personal auto premium rate change increased 15....
Posted: Nov 11, 2025
Prestige Underwriting, a specialist managing general agent (MGA), has announced the promotion of Carl McComb to Underwriting and Pricing Director. In his new role, McComb will set the firm’s underwriting strategy, develop and implement strategic g...
Posted: Nov 11, 2025
Davies, a specialist professional services and technology firm serving the insurance market, has signed an agreement to acquire SCM Insurance Services (SCM), Canada’s largest claims processing and risk solutions provider. As part of this acquisiti...
Posted: Nov 11, 2025
Howden, an insurance and risk advisory group, has agreed to acquire Evelyn Partners Financial Services Limited, the employee benefits consultancy division of Evelyn Partners, a UK-based wealth management and professional services firm. The acquisi...
Posted: Nov 11, 2025
Global reinsurance brokerage Gallagher Re has announced the appointment of Alexander Lowry as Executive Director, Global Credit, Surety and Political Risk Product. “Alex brings extensive experience in underwriting Credit, Surety and Political Risk...
Posted: Nov 11, 2025
FutureProof Technologies, a venture-backed insurtech startup, has entered into a definitive agreement to acquire Terrafuse AI, a provider of wildfire risk analytics. The acquisition combines FutureProof’s AI-powered underwriting and pricing platfo...
Posted: Nov 11, 2025