Reinsurance News
Sompo Hong Kong enhances underwriting team, Ophelia named Head of Property & Construction
10th December 2025
Sompo Hong Kong, part of Sompo International Holdings Ltd., has appointed Szeto Ophelia as Head of Property & Construction and Jessica Lai as Head of Mid-Corp & SME, enhancing its underwriting structure, effective January 1st, 2026. The appointments are part of Sompo Hong Kong’s ongoing commitment to deliver exceptional service and ... Read the full article
Munich Re targets €6.3bn profit in 2026 and ROE above 18% by end of 2030
10th December 2025
Munich Re, one of the world's leading reinsurance companies, expects its return on equity (ROE) to land above 18% and earnings per share to grow annually by over 8% on average by the end of 2030, with the Group pursuing and IFRS net profit of €6.3 billion in 2026. Today, Munich ... Read the full article
Swiss Re and RIQ partner to accelerate AI-enabled risk solutions in UAE
10th December 2025
Swiss Re and Reinsurance Intelligence Quotient (RIQ) have signed a Memorandum of Understanding (MoU) to develop and scale innovative capacity solutions, risk origination opportunities and AI-enabled capabilities across the UAE. RIQ, headquartered in the Abu Dhabi Global Market (ADGM), was launched in June 2025 by global investment company IHC, in ... Read the full article
Acrisure to acquire underwriting MGA Vave from Canopius
10th December 2025
Acrisure has agreed to acquire Vave, a tech-first underwriting Managing General Agent, from international specialty and P&C re/insurer Canopius Group. Vave, which uses data-driven, precision underwriting to deliver instantly bindable quotes on U.S. catastrophe-exposed E&S property risks, with real-time binding and servicing via API, will continue operating under its own brand. Its ... Read the full article
Verisk and KYND expand collaboration to strengthen cyber resilience
10th December 2025
Verisk, a global data analytics and technology provider to the global insurance industry, has expanded its strategic collaboration with KYND, a provider of cyber risk management services, to bring enhanced cyber risk intelligence to the insurance market. According to research from KYND, 80% of the UK’s top 50 retailers are exposed ... Read the full article
Howden appoints industry veteran Strickland to lead new Space insurance practice
10th December 2025
Insurance intermediary group Howden has announced Clive Strickland has joined the company to establish and lead its new dedicated Space insurance practice. An industry veteran with over 25 years of experience in the sector, Strickland has a proven track record of success in establishing and growing space teams in his previous ... Read the full article
Cyber insurance predicted to become mandatory as digital threat landscape grows: Kennedys
10th December 2025
As the digital threat landscape becomes more volatile and unsettling, cyber insurance is predicted to become a mandatory requirement for doing business, driven by pressure from large corporate clients, according to market predictions by Tom Pelham, Global Head of Cyber and Data, and Arran Roberts, Partner at Kennedys. In a ... Read the full article
Abu Dhabi Investment Office and PFI collaborate to advance reinsurance capacity
10th December 2025
The Abu Dhabi Investment Office (ADIO) and Prudential Financial Inc (PFI) have signed a strategic collaboration to expand Abu Dhabi’s reinsurance capacity, as well as long-term investment, retirement savings, and income. PFI has joined Abu Dhabi’s Fintech, Insurance, Digital and Alternative Assets (FIDA) cluster, a strategic initiative led by the Abu ... Read the full article
IFC to acquire 20% in VIG’s two Ukrainian non-life insurers
10th December 2025
The International Finance Corporation (IFC), a member of the World Bank Group, will acquire a stake of around 20% in each of Vienna Insurance Group’s (VIG) two Ukrainian non-life insurers, USG and Kniazha, through a capital increase, subject to regulatory approvals. With IFC’s support, the companies are expected to broaden their ... Read the full article
Willis Re hires Guy Carpenter marine and energy specialists
10th December 2025
Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has welcomed numerous marine and energy specialists from Guy Carpenter, the reinsurance arm of Marsh McLennan. Freddie Vaughan brings over 14 years of experience in the Specialty Reinsurance market. He started his career with JLT Re in ... Read the full article
Pressures for cyber re/insurers in mature markets but opportunities exist in other regions: S&P
10th December 2025
According to new analysis by S&P Global Ratings, cyber re/insurers face pricing pressure and increased competition in mature markets, especially the US, although growth opportunities exist in under-penetrated regions and from small and mid-sized enterprises. S&P has assigned a stable outlook on the global cyber insurance industry, driven by its sound ... Read the full article
WTW expands US middle market reach with up to $1.3bn Newfront acquisition
10th December 2025
Global insurance and reinsurance broking group WTW has agreed to acquire San Francisco-based Newfront, a top 40 US broker combining deep specialty expertise and cutting-edge technology, for upfront and contingent consideration payments amounting to $1.3 billion. With this acquisition, WTW will expand its US middle market reach and presence within high-growth ... Read the full article
Canada Life completes £330m buy-in with Comet Pension Scheme
10th December 2025
Canada Life UK has completed a £330 million full-scheme buy-in transaction with the Comet Pension Scheme, securing the future benefits of 4,500 pension scheme members. According to Canada Life UK, the Comet Pension Scheme’s sponsoring employer is part of Fnac Darty, a top European omnichannel retailer of electronics, appliances, and cultural ... Read the full article
Ortec Finance warns insurers of mounting climate-driven financial pressures
10th December 2025
Ortec Finance, recognised for its technology and risk-management expertise within the financial sector, has issued new findings that underscore how rapidly climate pressures are reshaping the insurance industry’s financial outlook. The company’s research concludes that insurers will need a fundamental shift in their investment strategy if they intend to protect their ... Read the full article
Generali Switzerland appoints new Chief Insurance Officers and updates executive leadership
10th December 2025
Generali Switzerland, part of the global Generali Group and a provider of insurance and financial services in Switzerland, has reorganised its Insurance division by separating Life and Non-Life operations as of 1 July 2025. Ralph Schmid will continue as Chief Insurance Officer for Life, refocusing entirely on the life business after ... Read the full article
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