Reinsurance News
Verisk reports 5.9% revenue and 2.5% net income increase in Q3’25
30th October 2025
Verisk Analytics, a data analytics and technology provider, announced its financial results for the third quarter of 2025, reporting $768 million in revenue, up 5.9%, and up 5.5% on an organic constant currency (OCC) basis. Net income also experienced a slight increase to $226 million, up 2.5%, mainly driven by revenue ... Read the full article
Amiga Specialty names Jamie Ricketts as MD of Financial Institutions
30th October 2025
Amiga Specialty, a specialist managing general agent (MGA) backed by B.P. Marsh, has appointed Jamie Ricketts to the newly created role of Managing Director (MD) of Financial Institutions, effective immediately. In his new role, Ricketts reports to Adam Kembrooke, Group Managing Director, and will be based in London. His remit includes establishing ... Read the full article
QIC Group net profit increases 23%
30th October 2025
Qatar Insurance Company (QIC Group) has announced its financial results for the first nine months of 2025, reporting a net profit of QAR 588 million, a 12% increase compared to the same period the year prior. The Group’s net profit before Pillar II global tax provision reached QAR 645 million, a ... Read the full article
Arch Global Services India opens technology hub in Hyderabad
30th October 2025
Arch Global Services India, a wholly-owned subsidiary of insurer and reinsurer Arch Capital Group Ltd., has announced the opening of its new office in Hyderabad. Managed by Raju Chiluvuri as Arch Global Services India Technology Head, the Hyderabad office is to focus on delivering innovative and technology-driven services across Arch Capital ... Read the full article
China Re P&C net profit climbs ~77% in 9M’25
30th October 2025
China Reinsurance (Group) Corporation (China Re) released its unaudited results for the nine months ended 30 September 2025, reporting a net profit of RMB 2,246 million (USD 316m) from its property and casualty subsidiary, up approximately 77% from RMB 1,272 million (USD 178m) in the same period last year. China Property ... Read the full article
Starr to acquire IQUW Group
29th October 2025
Starr, the global investment and insurance company has entered into a definitive agreement to acquire IQUW Group, the specialty insurance and reinsurance organisation. The deal is expected to expand Starr’s underwriting capabilities and position the combined company for growth across a broader range of global market segments. IQUW Group operates two syndicates ... Read the full article
Mutual Re expands ownership group with Mutual Assurance Society of Virginia addition
29th October 2025
Mutual Re, a Chicago-based reinsurance underwriting association writing business through reinsurance intermediaries, has announced the addition of Mutual Assurance Society of Virginia will be added to its ownership group. Effective January 1, 2026, Mutual Re's ownership will be held by Mutual Assurance Society of Virginia, Farm Bureau Mutual Insurance Company of ... Read the full article
mea platform introduces mea Operations to enhance re/insurance efficiency
29th October 2025
mea Platform, a company specialising in AI solutions for the insurance industry, has announced the launch of mea Operations, a suite of AI products tailored to improve operational efficiency in re/insurance. Building on its experience helping clients enhance underwriting performance across $200 billion in gross written premiums in more than 20 ... Read the full article
RenRe CEO optimistic Jan 1 property cat renewal will be a pricing shift rather than T&Cs
29th October 2025
Kevin J. O'Donnell, President and Chief Executive Officer of global property and casualty reinsurer, RenaissanceRe (RenRe), said today that he is optimistic the January 1 renewals will be a pricing shift in the property catastrophe space, with terms and conditions (T&Cs) expected to hold as reinsurer discipline persists. RenRe produced ... Read the full article
Canopius Group adds Michelle Rudd and Vanessa Hall to APAC team
29th October 2025
Canopius Group, a global specialty and property & casualty re/insurer, has announced the appointments of Michelle Rudd as Chief Operating Officer, APAC, and Vanessa Hall as Casualty Underwriter. Both based in Sydney, these hires reinforce Canopius’ commitment to strengthening its operational and underwriting capabilities across the Asia Pacific region. In her new ... Read the full article
ARC launches Shariah-compliant climate protection facility to strengthen Africa’s resilience
29th October 2025
African Risk Capacity Limited, the commercial insurance affiliate of the African Union’s African Risk Capacity Group, has announced the launch of new Shariah-compliant protection solutions designed to strengthen climate resilience and expand access to financial protection across its Member States. The new initiative introduces a non-profit facility that enables governments, communities, ... Read the full article
Ascot launches new US yacht product
29th October 2025
Global specialty insurer and reinsurer Ascot has expanded its specialty marine offering with the launch of its new US yacht product, Ascot Admiralty Reserve. This new product has been built to offer comprehensive, bespoke coverage for fully captained and crewed vessels valued at or over $5 million. “Our new product has been ... Read the full article
US L/A insurers boosted private credit holdings 6% in 2024: AM Best
29th October 2025
US life and annuity (L/A) insurers expanded their private credit portfolios by 6% in 2024, according to a new report from the credit rating agency AM Best, marking a doubling of such holdings over the past decade. AM Best attributes this growth to the retreat of traditional banks from commercial lending. ... Read the full article
Zurich to revolutionise insurance business model with newly launched AI Lab
29th October 2025
Zurich Insurance Group, in collaboration with the University of St. Gallen, is reimagining the future of insurance with its newly launched artificial intelligence (AI) Lab, Zurich AI Lab, aimed to accelerate industry transformation. Led by Group CEO Mario Greco, this ambitious move “signals a new era” in the delivery and customer ... Read the full article
No basis to expect Everest’s casualty reinsurance to mirror insurance portfolio: CEO Williamson
29th October 2025
Jim Williamson, Chief Executive Officer (CEO) of global insurer and reinsurer, Everest Group, said yesterday that there's no reason to expect the firm's casualty reinsurance portfolio to perform in the same way as its "bottom quartile" primary casualty book. This week, Everest reported its third quarter 2025 financials, revealing a ... Read the full article
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