Reinsurance News
Everest will look to take risk in still favourable property cat market: CEO Williamson
28th October 2025
Jim Williamson, President and Chief Executive Officer at Bermudian insurer an reinsurer, Everest, characterised the property catastrophe reinsurance market as a “still very favourable environment,” describing it as well-priced and a risk the company is looking to take. During Everest’s third quarter 2025 earnings call, Williamson discussed market pricing, competition, and ... Read the full article
The Hartford reports record Q3’25 net income of $1.1bn as cat losses fall
28th October 2025
The Hartford has disclosed a record Q3 2025 net income available to common stockholders of $1.1 billion, up a considerable 41% from $761 million in the same period of 2024. According to the firm, the increase was primarily driven by lower Property & Casualty (P&C) current accident year (CAY) catastrophe losses, ... Read the full article
UK firms adopting more structured and data-driven approach to risk oversight: Aon
28th October 2025
Aon's 2025 Global Risk Management Survey has found that UK businesses are outpacing their global peers in risk management and governance, with nearly eight in ten UK respondents (78.6%) reporting direct board involvement compared with 61.4% globally. According to Aon, the survey, which gathered insights from nearly 3,000 executives across 63 ... Read the full article
Royal London completes £16m buy-in for Premdor Crosby Pension Plan
28th October 2025
Royal London, a mutual provider of life, pensions, and investment solutions, has finalised a £16 million bulk purchase annuity (BPA) arrangement with the Premdor Crosby Pension Plan. This transaction, which secures benefits for 181 members, is the first for Royal London with BESTrustees acting as Chair of Trustees and the first ... Read the full article
Ignite Specialty Risk expands Executive Team and UK Underwriting function
28th October 2025
Ignite Specialty Risk, a provider of litigation risk insurance, has made four key appointments to its Executive Team and UK Underwriting function, supporting its growth and ongoing development across the UK, Europe, and US markets. Angus Eames joins Ignite from ClientEarth, where he served as Counsel in Disputes for three years. ... Read the full article
JBA Risk Management to launch India operations led by Mansi Kalra as MD
28th October 2025
UK-domiciled flood science specialist JBA Risk Management is establishing its Indian operations by opening an office in Bangalore next month, led by Mansi Kalra as Managing Director (MD). The move is motivated by the growing demand for advanced flood risk modelling and data solutions from the insurance and financial services sectors ... Read the full article
Canopius names Lisa Leftwich US Regional Head of Strategy and Transformation
28th October 2025
Canopius Group, a global specialty and P&C re/insurer, has announced the appointment of Lisa Leftwich as US Regional Head of Strategy and Transformation. In her new role, Leftwich will leverage her over 20 years of experience in corporate strategy, communications, and sustainability, to lead strategic initiatives across Canopius’ US operations, focusing ... Read the full article
Everest’s reinsurance arm posts positive Q3’25 result but reserve strengthening dents Group performance
28th October 2025
Bermuda-based insurer and reinsurer, Everest Group, has reported an underwriting loss of $130 million for the Group in its third quarter 2025 results, as the strong performance of its reinsurance business was more than offset by the impacts of strengthening its US casualty reserves in its insurance and other segments. Everest ... Read the full article
Pacific Life Re completes first two Japanese asset-intensive flow reinsurance deals
28th October 2025
Life and health reinsurer Pacific Life Re has completed the first of two asset-intensive flow reinsurance transactions in Japan, marking its entry in the segment. The transactions were executed with two Japanese life insurers, representing a key milestone in Pacific Life Re's expansion into the Japanese market. The deals involve the reinsurance ... Read the full article
Arch Capital’s Q3’25 underwriting income rises to $871m amid improved reinsurance result
28th October 2025
Arch Capital Group Ltd., the Bermuda-based insurer and reinsurer, has reported a 62% year-on-year rise in underwriting income to $871 million for the third quarter of 2025, driven by a significantly stronger underwriting performance in its reinsurance business. Group-wide, Arch's combined ratio strengthened by 6.8 percentage points to 79.8% for Q3'25, ... Read the full article
Everest enters $1.2bn adverse development reinsurance deal with Longtail Re
28th October 2025
Bermuda-based insurance and reinsurance firm Everest has entered into an adverse development reinsurance agreement, effective October 1, 2025, supported by Longtail Re, an affiliate of Stone Ridge Holdings Group, with the cover composed of two layers in excess of the $5.4 billion of North America Insurance and Other segment liability ... Read the full article
AIG to acquire renewal rights for majority of Everest’s commercial retail businesses
28th October 2025
Bermuda-domiciled insurer and reinsurer Everest Group has entered into definitive agreements to sell the renewal rights for its U.S., U.K., European, and Asia Pacific Commercial Retail businesses to American International Group, Inc. (AIG), subject to regulatory approvals. The renewal rights of these businesses total an estimated $2 billion of aggregate gross ... Read the full article
AM Best extends A- group rating to Hadron’s recently acquired GCNA
28th October 2025
Credit rating agency AM Best has extended Hadron group’s Financial Strength Rating of A- (Excellent), Financial Size Category VIII, to The Guarantee Company of North America USA (GCNA). Hadron, an insurance carrier focused on innovation in the delegated authority space, recently acquired GCNA from Atlantic Specialty Insurance Company, a subsidiary ... Read the full article
Corebridge Financial appoints Tomohiro Yao to Board of Directors
28th October 2025
Corebridge Financial, Inc. (NYSE: CRBG), a provider of insurance and retirement solutions, has announced that its Board of Directors has elected Tomohiro Yao as a director, effective immediately. With Yao’s appointment, the Board expands from 13 to 14 members. The election of Yao is made in accordance with the Stockholder’s Agreement ... Read the full article
ICW Group names Lynn Moretti as Chief Claims Officer
28th October 2025
ICW Group Insurance Companies, a group of property and casualty insurers, has appointed Lynn Moretti as Chief Claims Officer, which sees her relocate from London to the company's headquarters in San Diego, California. In her new role, she leads the company's claims strategy to drive innovation, efficiency, and a linear customer ... Read the full article
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