Reinsurance News
Legal & General secures £96m pension buy-in for Cosworth Racing Limited Fund
6th November 2025
Legal & General Assurance Society Limited (L&G), a subsidiary of Legal & General Group plc and a UK financial services provider, has completed a £96 million buy-in with the Cosworth Racing Limited Pension Fund, with the transaction securing the pension benefits of more than 1,000 retired and deferred members. The Fund ... Read the full article
Hippo reports net income of $98m for Q3’25, up from net loss of $9m last year
5th November 2025
Home insurance firm Hippo reported net income of $98 million for the third quarter of 2025, compared to a net loss of $9 million last year, driven by a $91 million net gain on the sale of the homebuilder distribution network and improved underwriting results. For the quarter, Hippo’s adjusted net ... Read the full article
Conduit Re in ‘full preparation mode’ as market discipline holds and rates begin to soften: CEO Eckert
5th November 2025
During a recent interview, Neil Eckert, co-founder and Chief Executive Officer (CEO) of Bermuda-based reinsurer Conduit Re, said the company reported a benign third quarter, reaffirming its guidance for year-end as the market shows early signs of rate softening in property catastrophe and retrocession. In its Q3’25 results, Conduit ... Read the full article
Everest renewal rights deal a “great opportunity to grow faster”: AIG, Jon Hancock
5th November 2025
Jon Hancock, EVP & CEO of International Commercial and Global Personal Insurance at AIG, said the recent renewal rights deal with Everest is a great opportunity to accelerate growth for AIG’s already robust commercial business, while also benefiting brokers and clients. In October 2025, Everest Group entered into definitive agreements ... Read the full article
David Jones to join AXA XL as CUO Retail
5th November 2025
AXA XL, the property and casualty division of AXA Group, has announced the appointment of David Jones as Chief Underwriting Officer (CUO) Retail, UK & Lloyd's, a London-based role. In his new position, starting Spring 2026, Jones will be responsible for developing and executing the underwriting strategy for AXA XL’s UK ... Read the full article
IGI posts improved Q3’25 CoR amid lower large loss activity
5th November 2025
International General Insurance Holdings Ltd. (IGI), a specialist commercial insurer and reinsurer, reported an improved combined ratio of 76.5% in the third quarter of 2025, compared to 86.0% in the same period last year, alongside underwriting income of $51.4 million, up 24.2% from $41.4 million. In Q3’25, the loss ratio was ... Read the full article
Lemonade reports improved net loss of $37.5m as in-force premiums rise 30% YoY
5th November 2025
Lemonade, an AI-powered digital insurance company, has announced its third quarter of 2025 financial results, reporting a net loss of $37.5 million, compared to the $67.7 million net loss seen in the same quarter last year. In force premium (IFP) was $1.16 billion, a 30% increase from the $889 million reported ... Read the full article
Larger, more diversified Lancashire poised to navigate future market cycles: CUO
5th November 2025
Speaking on Lancashire’s Q3 2025 earnings call, Paul Gregory, Group Chief Underwriting Officer, suggested that as a significantly larger and more diversified business than at the same stage of the previous softening cycle, the firm has greater reinsurance options and, thanks to its strong relationships with reinsurers, enjoys the flexibility ... Read the full article
Conduit Holdings announces appointment of Nicholas Shott as Non-Executive Director
5th November 2025
Conduit Holdings Limited, the parent company of Conduit Re, a Bermuda-based pure-play reinsurance business, has announced the appointment of Nicholas Shott as a Non-Executive Director, effective 4 November 2025. Shott brings over thirty years of experience in the financial services industry. He spent much of his career at Lazard, where he ... Read the full article
India’s Kshema secures $20m from UN Green Climate Fund to expand offerings
5th November 2025
Kshema, the Indian agricultural insurer that leverages technology and parametric triggers to provide cover to smallholder farmers, is set to receive $20 million in funding from the UN Green Climate Fund (GCF) to help it scale up its offerings. GCF explained that its financing will be leveraged to mobilise additional capital, ... Read the full article
Hamilton’s underwriting income rises 120% with 87.8% CoR in Q3’25
5th November 2025
Bermuda-domiciled insurer and reinsurer Hamilton Insurance Group, Ltd. reported an improved combined ratio of 87.8% in the third quarter of 2025, compared to 93.6% in the same period a year earlier, with a significant 120.3% increase in underwriting income to $64.1 million from $29.1 million. For the quarter, catastrophe losses (current ... Read the full article
The Baldwin Group’s Q3’25 total revenue grows to $365.4m
5th November 2025
The Baldwin Group, an independent insurance distribution firm, has announced its financial results for the third quarter of 2025, reporting total revenue growth of 8% year-over-year despite a net loss of $30.2 million. The company’s total revenue stood at $365.4 million; organic revenue saw a 5% year-over-year increase. Year-to-date total revenue ... Read the full article
ICA extends SE 254 declaration to Severe Spring Storms as claims reach 26k
5th November 2025
The Insurance Council of Australia (ICA) has expanded the timeframe and postcodes of its most recent Significant Event declaration, to include the hail and strong winds that impacted south-east Queensland between 31st October, Friday and 2nd November, Sunday. So far, it has resulted in 25,980 claims with damage varying in severity, ... Read the full article
AXA XL names Sabrina Lahrmann Head of International Property
5th November 2025
AXA XL, the property and casualty division of AXA Group, has announced the promotion of Sabrina Lahrmann to Head of International Property, UK & Lloyd’s. Based in London, she took up her new position on 1 November 2025. In this leadership role, Lahrmann will oversee the creation and execution of AXA ... Read the full article
Brokers urge MGAs to offer more flexible renewals, Prestige Underwriting survey finds
5th November 2025
Prestige Underwriting, a specialist provider in non-standard insurance solutions, has released its latest broker survey, revealing strong growth expectations for the sector alongside a clear call to action for managing general agents (MGAs) and insurers. Brokers are urging the market to provide greater support and meaningful options at renewal to help ... Read the full article
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