Reinsurance News
Melissa to add pressure at renewals but not enough to shift market balance: Willis Re
30th October 2025
Despite Hurricane Melissa’s significant human and economic toll on Jamaica, Cuba, and other Caribbean islands, the event’s cost to the global reinsurance sector is unlikely to alter overall market dynamics, though it may give underwriters added leverage in renewal negotiations, according to Willis Re. As our sister publication Artemis recently ... Read the full article
The Hanover’s net income rises 75% as CoR strengthens in Q3’25
30th October 2025
Property and casualty insurer, The Hanover Insurance Group, saw its net income rise 75% year-on-year to $178.7 million in the third quarter of 2025, as the firm's combined ratio strengthened by 4.4 percentage points to 91.1% on the back of a lower loss and loss adjustment expense (LAE) ratio of ... Read the full article
McGill and Partners and Artificial collaborate to enhance digital broking capabilities
30th October 2025
McGill and Partners, an independent global specialty insurance and reinsurance broker, and insurtech Artificial Labs are collaborating to develop a unified digital platform designed to enhance broking capabilities. This platform will enable brokers to manage the entire placement lifecycle, from submission to binding, and optimize subsequent processing. Through the digitalisation of its ... Read the full article
Donegal Group’s net income rises 19.9% as CoR improves in Q3’25
30th October 2025
Donegal Group Inc., an insurance holding company, reported net income of $20.1 million for the third quarter of 2025, up 19.9% from $16.8 million in the same period a year earlier. For the quarter, net premiums earned totalled $229.8 million, a 3.4% decrease from $238 million in Q3’24. Net premiums written amounted ... Read the full article
BMA strengthens Bermuda’s position in innovative insurance solutions
30th October 2025
The Bermuda Monetary Authority (BMA), Bermuda’s integrated regulator and supervisor for the financial services sector, continues to drive innovation in the Insurance Linked Securities (ILS) market. The BMA highlights that Bermuda’s ILS market is built on a foundation of prudence and practicality, underpinned by a regulatory framework designed to respond to ... Read the full article
Insurance Europe call for pause on IRRD for proportionate regulation and EU competitiveness
30th October 2025
Insurance Europe, the European insurance and reinsurance federation, calls for the European Commission to ‘stop the clock’ on the implementation of the Insurance Recovery and Resolution Directive (IRRD) legislative process. According to the organisation, this approach “will allow policymakers, EIOPA, and industry stakeholders to conduct a thorough impact assessment of what ... Read the full article
Fitch assesses ‘Strong’ to ‘Very Strong’ profitability for large European composite insurers
30th October 2025
Fitch Ratings assessed all large European composite insurers in its peer group as having ‘Strong’ to ‘Very Strong’ profitability, supported by diversified earnings sources that provide stability through cycles. The peer group comprises Allianz SE (Allianz), Aviva plc (Aviva), AXA SA (AXA), Assicurazioni Generali S.p.A. (Generali), MAPFRE S.A. (MAPFRE), and Zurich ... Read the full article
SEADRIF looking at risk pool expansion to cover public assets
30th October 2025
The Department of Finance (DOF), the Philippine government agency responsible for managing the country’s fiscal policies, public finances, and economic resilience, is leading a new regional initiative aimed at helping Southeast Asian nations protect vital public assets and sustain essential services in the aftermath of natural disasters. This regional effort demonstrates ... Read the full article
African Development Bank approves $6m ARC grant for proactive disaster preparedness
30th October 2025
The Board of Directors of the African Development Bank Group has approved a $6 million grant to the African Risk Capacity (ARC) to strengthen disaster preparedness and risk financing efforts across Africa for the 2025–2026 period. According to the African Development Bank, the project aims to help the continent's governments move ... Read the full article
AIG joins Convex’s new ownership structure led by Onex Corporation
30th October 2025
Convex Group Limited, the international specialty insurer and reinsurer, has announced a new long-term ownership structure in which Onex Corporation will take a leading 63% stake and AIG will become a strategic minority investor with a 35% equity interest. With the exception of management, Convex’s founding equity investors, including Onex’s Partners ... Read the full article
Markel Insurance posts underwriting gross premium volume increase of 11% for Q3’25
30th October 2025
Markel Group has reported that its insurance business, Markel Insurance, saw an underwriting gross premium volume increase of 11% for the third quarter of 2025 to $2.72 billion from $2.5 billion last year. For the nine month period ended September 30th, 2025, the increase was 4% at $8.32 billion from ... Read the full article
Steady premium growth keeps China’s non-life outlook stable: AM Best
30th October 2025
AM Best has maintained a stable outlook for China’s non-life insurance sector, supported by steady premium growth driven by the expansion of new energy vehicles (NEVs), ongoing health reforms, emerging product innovations, and regulatory initiatives aimed at fostering market development. A new report from the rating agency notes that, despite concerns ... Read the full article
Fortegra Insurance UK added to NAIC Quarterly Listing of Alien Insurers
30th October 2025
Fortegra Insurance UK Limited, part of the Fortegra Group, a specialty insurer, has been officially added to the National Association of Insurance Commissioners (NAIC) Quarterly Listing of Alien Insurers, published in the NAIC’s October Edition 249. This recognition establishes a new platform that enables Fortegra’s agents and brokers in the United ... Read the full article
AXIS Capital reports strong underwriting result for Q3’25
30th October 2025
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has reported a rise in underwriting income for both the third quarter and nine month period ended September 30th, 2025, with a strong performance in its insurance and reinsurance segments. For the third quarter of 2025, AXIS generated underwriting income of $188 million, ... Read the full article
Everest gets revised negative outlook from AM Best following Q3’25 reserve charges
30th October 2025
Credit ratings agency AM Best has revised the outlooks of Everest Group, Ltd. and its operating subsidiaries to negative from stable, and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior). At the same time, Everest Group, Ltd. and Everest ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
