Reinsurance News
Ariel Re secures Lloyd’s approval for Syndicate 2006
28th November 2025
Global reinsurer Ariel Re Managing Agency Limited (Ariel Re) has announced that Lloyd’s has formally approved the establishment and management of Ariel Re Syndicate 2006. The syndicate has been granted Permission to Underwrite in line with its agreed business plan for the 2026 Year of Account. This follows confirmation from the ... Read the full article
ICA expands cat declaration for severe storm and hail events in Qld & NSW
28th November 2025
The Insurance Council of Australia (ICA) has expanded the catastrophe declaration for the severe storm and hail events that struck Queensland and New South Wales over the past week, extending it to all postcodes in both states for the period 20–27 November 2025. According to the ICA, the expanded declaration reflects ... Read the full article
UK SMEs underprepared for terrorism risk, warns Pool Re
28th November 2025
Pool Re, the UK’s largest terrorism reinsurer, has highlighted the significant terrorism insurance gap among small and medium-sized enterprises (SMEs), with industry experts calling for terrorism cover to be reinstated as a standard feature of commercial property insurance to better protect SMEs and ensure business continuity. At its annual Market Event, ... Read the full article
Cyber insurance market to grow at ‘great speed over 2026,’ says Cowbell
28th November 2025
According to Cowbell, a cyber and specialty insurance provider focused on small and medium-sized enterprises, the cyber insurance market is poised to continue growing at “great speed over 2026.” The firm predicts that throughout next year, insurers will respond to rising cyber threats with hardened controls, an abundance of pre and ... Read the full article
MEDGULF appoints Chairman and Vice Chairman of the Board of Directors
28th November 2025
The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) has announced the appointment of Yaser Yousef Naghi as Chairman of the Board of Directors, and Rakan Abdullah Abunayyan as Vice Chairman. Both appointments have been approved by the Extraordinary General Assembly, subject to obtaining no-objection approval from the Insurance Authority. These ... Read the full article
Advanced APAC markets carry the region’s insurance stability: AM Best
27th November 2025
APAC’s overall insurance stability continues to rest heavily on its most advanced markets, according to credit rating agency AM Best, with Japan, Singapore, Hong Kong, and South Korea providing the strongest foundation for regional credit quality and capital strength. The agency's latest Asia-Pacific Benchmarking report shows that while the wider region ... Read the full article
Tower reports record FY25 profits as GWP increases to $600m
27th November 2025
New Zealand-based insurer, Tower Limited, has reported an underlying profit after tax (underlying NPAT) of $107.2 million and a reported profit of $83.7 million for the financial year ended 30 September 2025. This increase was a significant turnaround from the $83.5 million underlying profit and $74.3 million reported profit recorded in ... Read the full article
Piraeus completes acquisition of Ethniki Insurance
27th November 2025
Piraeus Financial Holdings S.A. has announced that its subsidiary, Piraeus Bank S.A. (Piraeus), has completed the acquisition of 100% of the shares of Ethniki Insurance’s parent company, Ethniki Holdings S.à.r.l., from CVC Capital Partners Fund VII and the National Bank of Greece. This follows the announcement in February 2025, when Piraeus ... Read the full article
Arch Insurance International appoints Beth Jenkins as Senior Casualty Underwriter
27th November 2025
Arch Insurance International, part of Arch Capital Group and a provider of specialty insurance solutions across multiple lines, has announced the appointment of Beth Jenkins as a Senior Casualty Underwriter. In her new role, Jenkins will support the expansion of Arch’s casualty portfolio, focusing on developing its UK risk managed retail ... Read the full article
Re authorises $134m in reinsurance for deployment at Jan renewals
27th November 2025
Re, a decentralised reinsurance protocol that connects institutional capital with fully collateralised insurance risk, has authorised $134 million in reinsurance across multiple programs, a major expansion of capital to be deployed across its insurance partners’ programs as the January 1st renewal season unfolds. Blockchain-backed reinsurer Re is built on smart contracts, ... Read the full article
Airline losses reshape the Q4’25 renewal season: WTW
27th November 2025
Adam Hemingway, who leads the Global Aviation & Space division at WTW, an advisory, broking and solutions firm, offers a candid look at how a succession of costly airline incidents has transformed expectations for 2025. What was meant to be a relatively steady renewal year has shifted into a challenging one, ... Read the full article
Rising costs of weather disasters challenge global economies, says Munich Re
27th November 2025
A new assessment from the global reinsurer Munich Re, draws on the expertise of Chief Climate Scientist Tobias Grimm and Lisa Hanselmann, Head of NatCatSERVICE, and sets out how major economies are increasingly strained by weather-related catastrophes. The company’s analysis shows that eight of the ten largest industrialised nations now face ... Read the full article
Humanity Insured brings parametric insurance to Cambodian farmers facing extreme heat
27th November 2025
Humanity Insured, a UK- and US-registered non-profit organisation, has announced a partnership with ARISE to deliver parametric insurance and digital advisory services to support smallholder farmers in Cambodia facing extreme heat. Humanity Insured is a UK- and US-registered charity backed by the insurance industry, working to make advanced insurance solutions accessible ... Read the full article
Kestrel Group subsidiary initiates arbitration claim over reinsurance dispute
27th November 2025
Kestrel Group has disclosed that its subsidiary, Genesis Legacy Solutions (GLS), has initiated arbitration against a ceding company under a reinsurance agreement, citing alleged breaches and misrepresentations. The arbitration arises from a reinsurance contract that provides two types of coverage, Reinsurance Premium Protection (RPP) with aggregate limits of approximately $25 million and ... Read the full article
Queensland and NSW storms push Suncorp to maximum reinsurance retention
27th November 2025
Australian insurer Suncorp expects the recent supercell thunderstorms that brought large hail and destructive winds to South East Queensland and northern New South Wales to hit its full reinsurance retention of $350 million, with the storms prompting more than 10,000 claims as of 26th November 2025. Of the total claims, approximately ... Read the full article
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