Reinsurance News
Relm partners with Bridgehaven to launch new UK MGA
29th October 2025
Relm Insurance, an insurer focused on emerging and innovative industries, has launched a UK MGA through its partnership with Bridgehaven Specialty UK Limited. According to the firm, this new MGA will provide a responsive underwriting experience and significantly expand access to insurance solutions for brokers and their clients across the United ... Read the full article
Tokio Marine GX and Northcourt launch NC Fusion, Lloyd’s first insurance facility for nuclear fusion projects
29th October 2025
Tokio Marine GX (TMGX) and specialist MGA Northcourt, part of the Optio Group, have introduced NC Fusion, the first insurance facility within the Lloyd’s market designed specifically for nuclear fusion technology. The initiative establishes a clear insurance framework and capacity to support both the continued development and eventual commercialisation of fusion ... Read the full article
Gallagher Re appoints Jennifer Jones as Executive Director for Marine and Energy
29th October 2025
Gallagher Re, a global reinsurance brokerage and risk advisory firm, has announced the appointment of Jennifer Jones as Executive Director for Marine and Energy. Jones will join Gallagher Re’s UK business, where she will play a key role in expanding the company’s marine and energy portfolio. She brings nearly 25 years of ... Read the full article
Descartes Underwriting joins ICMIF as supporting member
29th October 2025
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has joined the International Cooperative and Mutual Insurance Federation (ICMIF) as a Supporting Member of the global network. The firm states that it is "proud to work together with values-led insurers from across the globe to develop ... Read the full article
AM Best expects most losses from Hurricane Melissa to fall on reinsurers
29th October 2025
According to AM Best, insured losses from Category 5 Hurricane Melissa in Jamaica are anticipated to remain modest, however, the bulk of these losses is expected to fall on reinsurers, reflecting the high reinsurance dependence of Caribbean-based carriers. Hurricane Melissa made landfall yesterday in Jamaica, becoming the first storm of Category ... Read the full article
S&P upgrades IGI’s financial strength rating to “A”
29th October 2025
S&P Global Ratings has upgraded the financial strength rating of International General Insurance Holdings Ltd. (IGI) to “A” from “A-”. The rating applies to IGI’s three subsidiaries: International General Insurance Co. Ltd. (Bermuda) (IGI Bermuda), International General Insurance Company (UK) Ltd., and International General Insurance Co. (Europe) Ltd. S&P also upgraded the ... Read the full article
Economic impact of Melissa could reach 30–250% of Jamaica’s GDP: BMS
29th October 2025
BMS has warned that the total economic impact of Hurricane Melissa could reach 30–250% of Jamaica’s GDP, potentially triggering a deep recession, widespread unemployment, a sharp decline in tourism, and severe strain on local banks and insurers, placing heavy pressure on public borrowing to fund recovery efforts. After making landfall near ... Read the full article
RenRe posts strong rise in underwriting income to $770m in Q3’25 results
29th October 2025
Global reinsurer RenaissanceRe (RenRe) generated underwriting income of $770.2 million in the third quarter of 2025, an increase of 96% on the prior year quarter, as the firm highlights 21.9% underlying growth in the catastrophe class gross premiums written (GPW) from Q3'24, without the impact of reinstatement premiums. The improved underwriting ... Read the full article
Brisbane hailstorm declared a Significant Event by ICA as claims mount
29th October 2025
The Insurance Council of Australia (ICA) has declared the hailstorm that impacted the wider Brisbane region on Sunday, 26th October 2025, a Significant Event, with insurers having received 11,000 claims to date. The storm brought intense rainfall, hail, and strong winds across parts of the Brisbane and Ipswich regions, resulting in ... Read the full article
Cincinnati reports Q3‘25 revenue and net income growth with improved CoR
29th October 2025
Cincinnati Financial Corporation has announced its financial results for the third quarter of 2025, reporting $3.72 billion in revenue and a 37% jump in net income to $1.12 billion, a strong performance fuelled by both investment gains and strong underwriting. Net investment gains reached $77 million, with investment income adding another ... Read the full article
Insurance Authority reports premium gains for Hong Kong, long term business leads sector
29th October 2025
The Insurance Authority (IA), the insurance regulator of all authorised insurance companies and licensed insurance intermediaries in Hong Kong, has released provisional data for the first half of 2025, indicating total gross premiums of HK$423.4 billion across the market. The figures provide insights into both long-term and general insurance business activity ... Read the full article
MSIG appoints Eric Schaap as SVP and Global Broker Engagement Manager
29th October 2025
Mitsui Sumitomo Insurance and MSIG Asia (collectively known as MSIG), an international general insurance group providing a wide range of commercial and personal insurance solutions, have announced the appointment of Eric Schaap as Senior Vice President and Global Broker Engagement Manager. The newly created position is designed to strengthen MSIG’s relationships ... Read the full article
Ping An P&C insurance revenue climbs 3% in 9M 2025
29th October 2025
Chinese insurer Ping An achieved solid growth with continued improvement in business quality within its property & casualty (P&C) segment in the first nine months of 2025, reporting insurance revenue of RMB253,444 million, up 3% year on year. The company noted that building a full-scenario, end-to-end customer service system to deliver ... Read the full article
We remain bullish on property cat reinsurance ahead of Jan renewals, says Arch CEO
28th October 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based Arch Capital Group, said today that the company remains bullish on the property catastrophe reinsurance business, despite the market being in its second round of rate decreases. As property cat reinsurance rates soften from recent highs, the attractiveness of the business has been ... Read the full article
Guidewire to help accelerate P&C insurers’ product innovation with new PricingCenter application
28th October 2025
Property and casualty (P&C) insurance platform Guidewire has unveiled PricingCenter, a new application that aims to revolutionise insurance pricing and rating by increasing efficiency, improving accuracy, and speeding time to market. Purpose-built for actuaries, pricing teams, and IT developers, PricingCenter unifies and modernises the pricing and rating lifecycle, from model design ... Read the full article
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