Reinsurance News
Insured losses from Hurricane Melissa impacts in Jamaica and Cuba to hit $2.4bn: KCC
6th November 2025
The privately insured loss from Hurricane Melissa damages to residential, commercial, and industrial properties in Jamaica and Cuba is expected to hit $2.4 billion, based on Karen Clark & Company's (KCC) high-resolution Caribbean Hurricane Model. Catastrophe risk modeller KCC explained that despite this storm devastating parts of Jamaica and Cuba, the ... Read the full article
Allstate’s total revenues reach $17.3bn in Q3’25 amid lower cat losses
6th November 2025
Allstate Corporation reported total revenues of $17.3 billion in Q3 2025, up $628 million, or 3.8%, from the same quarter in 2024. Net income applicable to common shareholders reached $3.7 billion in Q3 2025, compared with $1.2 billion in Q3 2024, reflecting strong operating performance across the enterprise. Catastrophe losses also declined ... Read the full article
Jeff Bright to lead Carbon’s US strategy as Underwriting Director
6th November 2025
Carbon Underwriting Limited, a specialist independent managing general underwriter and Lloyd’s Syndicate CBN 4747, has appointed Jeff Bright as Underwriting Director, effective November 3rd, 2025. The appointment marks a key milestone in Carbon’s long-term ambition to expand in the US. In the last five years, Carbon’s premiums grew from £15 million ... Read the full article
There’s an opportunity to bring fresh parametric capacity to Asia: Qin, Descartes
6th November 2025
Descartes Underwriting, the specialist in corporate parametric solutions, sees a growing opportunity to bring fresh, sustainable parametric capacity to Asia, particularly within frequency layers where insurers are facing higher retentions, according to Ben Qin, Head of Asia Pacific. In an interview with Reinsurance News around the Singapore International Reinsurance Conference (SIRC), ... Read the full article
SCOR expands Beazley’s role to CCO of SCOR Business Solutions
6th November 2025
French carrier SCOR, one of Europe's big four reinsurance companies, has expanded Christopher Beazley's role at the firm, adding the role of Chief Commercial Officer (CCO) of SCOR Business Solutions to his responsibilities, whilst retaining Chief Executive Officer (CEO) of SCOR UK and SCOR Syndicate. This appointment, effective November 1st, 2025, ... Read the full article
American Coastal Q3’25 net income increases to $32.5mn with improved CoR
6th November 2025
American Coastal Insurance Corporation has announced its financial results for the third quarter of 2025, reporting a net income of $32.5 million, which compares to the $28.1 million seen in the same period last year. The property and casualty insurance holding company attributed the increase in net income to gross premiums ... Read the full article
AXA XL Reinsurance CEO Renaud Guidée on closing Asia’s protection gap: SIRC 2025
6th November 2025
In a recent Reinsurance News interview, Renaud Guidée, Chief Executive Officer of AXA XL Reinsurance, discussed the priorities shaping client conversations and market strategy at this year’s Singapore International Reinsurance Conference (SIRC). Guidée said his interactions with clients will centre on “looking at adequately priced risk” and noted clients look for ... Read the full article
Long-term partnerships are driving stability in Property (D&F and Binders) treaty reinsurance market: Howden Re
6th November 2025
As 2025 draws to a close, Howden Re, a reinsurance intermediary and advisory business known for its independent model and client-focused approach, offers its perspective on how relationships are shaping the current Property (D&F and Binders) treaty reinsurance landscape. According to Howden Re’s latest outlook, the market is experiencing what it ... Read the full article
Cotality estimates total insured losses from Hurricane Melissa at $1.5bn
6th November 2025
Cotality has estimated that total insured losses from Hurricane Melissa, which recently devastated Jamaica, will be around $1.5 billion, within a range of $1 billion to $2.5 billion, while total property damage from wind, storm surge, and flooding is expected to range between $5 billion and $9 billion. It is important ... Read the full article
Investment in energy transition, climate mitigation & adaptation to cross $80trn by 2040: Swiss Re
6th November 2025
According to global reinsurer Swiss Re, investments in energy transition, climate mitigation, and adaptation are projected to exceed $80 trillion by 2040, reflecting the accelerating pace of global decarbonisation efforts. The company says this marks a shift from experimentation to large-scale deployment, demonstrating how the growing global energy transition is reshaping ... Read the full article
Zurich’s 9M’25 top line boosted by record $38.9bn P&C premiums
6th November 2025
Large insurer Zurich Insurance has delivered strong top-line growth in the first nine months of 2025, with its property & casualty (P&C) segment reporting record gross written premiums of $38.9 billion, an 8% increase driven by exceptional retail growth and sustained momentum in commercial insurance. Zurich explained that GWP in P&C ... Read the full article
Hiscox Re & ILS grows ICWP to $525.6m in 9M’25
6th November 2025
Hiscox Re & ILS, which includes the global insurer’s reinsurance operations in London and Bermuda as well as its insurance-linked securities (ILS) business, reported insurance contract written premiums (ICWP) of $525.6 million for the first nine months to 30 September 2025, up from $491 million in the same period of ... Read the full article
Allianz joins The Spark with Sirma Boshnakova appointed to Advisory Board
6th November 2025
The Spark, the insurance industry’s first Global Prevention Lab, has announced that global insurer Allianz has joined as a member, with Sirma Boshnakova, Member of the Board of Management of Allianz SE, appointed to The Spark’s Global Advisory Board. Launched at the Monte Carlo Rendez-Vous in September 2025, The Spark ... Read the full article
AI-centred InsurTechs dominate as global funding hits $1.01bn in Q3: Gallagher Re
6th November 2025
According to a new report from Gallagher Re, global InsurTech funding was $1.01 billion in Q3 2025, down 7.3% from the $1.09 billion recorded in the prior quarter. Gallagher Re observed a marked drop in deal count, with just 76 deals in Q3 2025, the lowest total since Q2 2020. Overall, quarterly ... Read the full article
UNDP, BMZ, Generali, and ICMIF Foundation launch global inclusive insurance programme covering 30 countries
6th November 2025
The United Nations Development Programme (UNDP), the German Federal Ministry for Economic Cooperation and Development (BMZ), global insurer Generali Group, and the International Cooperative and Mutual Insurance Federation (ICMIF) Foundation have announced early results from their joint global initiative, the world’s largest inclusive insurance innovation programme, set to benefit 2.7 ... Read the full article
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