Reinsurance News
Miller announces new life insurance product to support farmers affected by inheritance tax changes
24th October 2025
Miller, an independent specialist re/insurance broker, has announced the launch of Succession Insurance, a new life insurance product designed to help farmers manage the impact of recent inheritance tax reforms on agricultural assets introduced in the Autumn Budget. The changes to inheritance tax have created new obstacles for farmers planning to ... Read the full article
US P&C rating upgrades rise slightly in H1’25, downgrades hold steady: AM Best
23rd October 2025
In the first half of 2025, US property/casualty (P&C) insurers saw a slight increase in issuer credit rating upgrades, rising to 18 from 16 in the same period a year earlier, while downgrades remained steady at 20, according to a recent AM Best special report. By line of business, five ratings ... Read the full article
Delos expands wildfire coverage to 265,000 additional California homes
23rd October 2025
Delos Insurance Solutions, a property insurance managing general agent (MGA), has announced it will insure 265,000 additional homes across five southern California counties. Delos currently provides coverage for homes across California and the Western US, insuring 2.5 million homes in Los Angeles, Orange, Riverside, San Bernardino, and San Diego counties. The ... Read the full article
HDI expands presence in British Columbia with Rutherford’s appointment
23rd October 2025
HDI Global Canada (HDI) has announced the appointment of Ian Rutherford as Head of Pacific Region, Executive Property Underwriter, based in Vancouver, British Columbia (BC). In his new role, Rutherford will lead regional growth initiatives and broker engagement, working alongside HDI’s established local underwriting team in Vancouver. This structure highlights HDI's commitment ... Read the full article
IAG raises FY26 guidance following RACQ Insurance acquisition
23rd October 2025
Australian insurer IAG has upgraded its FY26 guidance following the successful acquisition of the Royal Automobile Club of Queensland’s (RACQ) insurance business. IAG now expects FY26 gross written premium (GWP) growth of around 10%, up from its previous low-to-mid single-digit range, reflecting the inclusion of RACQ Insurance (RACQI) from 1st September ... Read the full article
Ategrity reports Q3’25 net income of $22.7m as GWP swell 30%
23rd October 2025
Ategrity Specialty Insurance has posted net income attributable to stockholders of $22.7 million in Q3 2025, up 76.2% from the same period in 2024. Ategrity's Q3 2025 gross written premiums (GWP) also increased by 30.1% to $143.9 million, driven by the execution of the firm's growth initiatives and increased engagement across ... Read the full article
S&P upgrades VIG’s outlook to positive on earnings growth and diversification
23rd October 2025
S&P Global Ratings has revised the outlook of Vienna Insurance Group (VIG) and its core subsidiary VIG RE to positive from stable, while affirming its A+ insurer financial strength and issuer credit ratings. The rating agency noted that VIG has made significant progress in diversifying its business and expanding its scale ... Read the full article
Howden US appoints Aon’s Ben Hanback as EVP
23rd October 2025
Global insurance and reinsurance broking group Howden has announced the appointment of Ben Hanback as Executive Vice President (EVP), Howden US. Based in Nashville, Tennessee, Hanback will report to Mike Parrish, CEO of Howden US. In his new role, he will play a pivotal role in rapidly expanding Howden’s US Health ... Read the full article
FG Nexus to sell FG Reinsurance Division, Heise to serve as CEO
23rd October 2025
Fundamental Global Inc. (FG Nexus) has announced it has entered an agreement to sell a majority stake of its FG Reinsurance Division (FGRe) to Devondale Holdings LLC, led by industry veteran Tom Heise. This strategic transaction intends to position the new entity as a pioneer in tokenized reinsurance. The deal will see ... Read the full article
Aon launches AI-powered supply chain risk consulting solution
23rd October 2025
Aon plc, a professional services firm, announced the launch of a new AI-powered supply chain risk consulting solution. The offering builds on Aon’s existing supply chain diagnostics and applies predictive analytics to identify potential risks, helping organisations manage complex and interconnected supply chains with improved accuracy and responsiveness. Using AI and advanced ... Read the full article
WTW launches Captive Fit to optimise captive insurance programmes
23rd October 2025
WTW, an advisory, broking, and solutions company, has announced the launch of Captive Fit, an analytical and strategic service designed to help companies optimise their captive insurance arrangements. The service leverages WTW’s Igloo platform, a risk analytics modelling solution used by more than 1,000 users across 150 property and casualty insurers. WTW ... Read the full article
Selective’s NPW expand in Q3’25 as underwriting performance improves
23rd October 2025
Selective Insurance Group has reported net premiums written of $1.21 billion for Q3 2025, a 4% increase from $1.16 billion in the same period of 2024. The firm’s combined ratio also improved to 98.6%, reflecting a stronger underwriting performance. According to Selective, the growth in net premiums written was driven by renewal ... Read the full article
Commercial insurance rates fall in Q3’25 as competitive market proves advantageous: Marsh
23rd October 2025
Global insurance and reinsurance broker Marsh reported in its latest Global Insurance Market Index that worldwide commercial insurance rates fell, on average, by 4% in Q3 2025, continuing the 4% decline observed in Q2 2025. John Donnelly, President, Global Placement, Marsh, said, "With the exception of US casualty, clients are benefiting ... Read the full article
RLI Corp. promotes Cathy Martin to Vice President, E&S Excess Liability
23rd October 2025
Specialty insurer RLI Corp. has promoted Cathy Martin to Vice President, Excess and Surplus (E&S) Excess Liability. In her new role, Martin will lead RLI’s E&S Excess Liability business and also co-lead the RLI E&S Casualty Brokerage Group alongside Chris Hughs, Vice President, E&S General Liability. Martin joined RLI in 2007 as ... Read the full article
Jaguar Land Rover attack most economically damaging cyber event to hit UK: CMC
23rd October 2025
The Cyber Monitoring Centre (CMC) has disclosed that the recent cyberattack targeting Jaguar Land Rover (JLR) inflicted an estimated £1.9 billion in financial damage across the UK and disrupted more than 5,000 organisations, marking the most economically devastating cyber incident in the nation’s history. For those in need of a reminder, ... Read the full article
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