Reinsurance News
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
Canada’s P&C insurers weather record cat losses while maintaining stable outlook: AM Best
27th October 2025
According to a new report from the credit rating agency AM Best, Canada’s property and casualty (P&C) insurers drew on strong capital reserves, prudent pricing, and sound risk management practices to absorb the financial effects of the country’s costliest year for natural catastrophes. AM Best notes that it is maintaining a ... Read the full article
Malcolm Barnes to lead IGI’s Specialty Treaty business
27th October 2025
International General Insurance Holdings Ltd. (IGI) has appointed Malcolm Barnes as the Head of Specialty Treaty, based in its London office. In his new role, Barnes is responsible for building and managing the IGI’s specialty treaty reinsurance business, adding further depth and breadth as well as a dedicated London presence to ... Read the full article
AXA XL supports CCRS report on rising wildfire risks and role of re/insurance
27th October 2025
AXA XL supported the publication of a new report by the Cambridge Centre for Risk Studies (CCRS), which highlighted the increasing frequency and severity of wildfires in California and the critical role of the re/insurance industry in enabling an effective recovery after such events. The research showed that wildfires have joined ... Read the full article
GIC Re names Hitesh Joshi as interim Chairman and Managing Director
27th October 2025
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has appointed Hitesh Ramesh Chandra Joshi as interim Chairman-cum-Managing Director (CMD), effective October 1st, 2025. The appointment was approved by the Ministry of Finance as specified in a letter dated October 24th, 2025. Joshi is currently the Executive Director (ED) ... Read the full article
Goosehead’s total revenue hits $90.4m in Q3’25
27th October 2025
Goosehead Insurance, an independent personal lines insurance agency, reported a total revenue increase of 16% to $90.4 million for the third quarter of 2025, with a 15% increase in total written premiums to $1.2 billion. Core Revenues, a non-GAAP measure that excludes contingent commissions, initial franchise fees, interest income, and other ... Read the full article
US composite insurance rate declines 1%: Marsh
27th October 2025
The US composite rate has declined by 1% in the third quarter of 2025 after remaining flat in the prior quarter, according to Marsh’s Global Insurance Market Index. This overall drop was largely driven by US property insurance rates, which declined by 9%, the same as in the prior quarter. Several factors ... Read the full article
Majesco launches MGA Model Office for P&C CoreConnect
27th October 2025
Majesco, a provider of cloud-based insurance software, has announced the launch of a new managing general agent (MGA) Model Office for P&C CoreConnect. This new model office is described as an innovative, fully pre-configured MGA system that is production-ready, available on demand, and packed with third-party integrations and pre-built lines of ... Read the full article
Japan’s non-life insurance market strengthens through reforms and reinsurance adjustments: Gallagher Re
27th October 2025
Gallagher Re, the reinsurance broker and risk advisory firm, provides new insights into Japan’s non-life insurance sector in its latest Asia Pacific Market Watch Report. The report shows that Japan, a global top-ten market by non-life premiums and one of the largest in the Asia-Pacific region, continues to progress through structural ... Read the full article
Mozambique receives $2m parametric payout for drought protection from ARC
27th October 2025
Mozambique has received a $2 million parametric insurance payout for drought protection covering the 2025–2026 agricultural season, marking the country’s third consecutive year of coverage under the African Development Bank’s disaster risk financing programme. The payout was announced during the 2025 Climate and Disaster Risk Financing Forum (CDRFI), held from October ... Read the full article
L&G completes £4.6 billion buy-in with two Ford pension schemes
27th October 2025
UK insurer Legal and General Assurance Society Limited (L&G) has completed two buy-ins totalling £4.6 billion with pension schemes sponsored by Ford Motor Company Limited, the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Contributory Pension Fund. The two buy-ins were completed as part of a single combined transaction, ... Read the full article
Prudent reserving gives large global reinsurers flexibility to smooth earnings: Fitch
27th October 2025
Fitch Ratings’ latest analysis of a leading global reinsurer peer group, including Hannover Re, Lloyd’s, Munich Re, PartnerRe, SCOR, and Swiss Re, found that their reserving remains prudent, offering scope to manage and smooth earnings across the medium term. In its peer credit analysis, Fitch said that sustained underwriting results and ... Read the full article
Andrew Aldwinckle joins Liberty Mutual Re as International Casualty CUO
27th October 2025
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has appointed Andrew Aldwinckle as International Casualty Chief Underwriting Officer (CUO), effective 1 February 2026. In the new role, Aldwinckle will be based in London and oversee LM Re’s international casualty portfolio, which underwrites from offices in the UK, Europe, ... Read the full article
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