Reinsurance News
There are challenges, but reinsurance conditions remain favourable: Lockton
26th September 2025
The property reinsurance market continues to soften and is not without its challenges as sellers continue to scrutinise secondary perils and re/insurers struggle to develop a universal view on the impact of tariffs and inflation on losses, according to report from broking group Lockton. It's no secret that property reinsurance rates ... Read the full article
Aon strengthens commercial risk sales in India with new Regional Heads
26th September 2025
Aon has announced the appointments of Raghav Arora, Prasanna Kumar, and Preeti D'Silva to its commercial risk sales division in India. Raghav Arora has been named Regional Head, Commercial Risk Sales - North, and Head, Asia Global Solutions at Aon India. Arora brings over 21 years of experience in institutional business development, ... Read the full article
Ardian becomes lead shareholder in Diot-Siaci
26th September 2025
The Diot-Siaci Group, a specialist insurance and reinsurance broker and consulting group, has announced a major ownership restructuring, with Ardian, a private investment firm as lead financial shareholder. Following exclusive negotiations, both companies have signed a definitive agreement regarding the Group's new ownership structure. The transaction will see Ardian significantly increase its ... Read the full article
US commercial auto insurance losses continue to mount: AM Best
26th September 2025
The overall property and casualty (P&C) industry continues to be negatively impacted by the US commercial auto insurance sector, having accumulated over $10 billion in net underwriting losses in the last two years, according to a new AM Best report. For the 14th consecutive year, the commercial auto insurance sector has ... Read the full article
Gaspero to lead Chubb’s National Account Segment of Major Accounts Excess Casualty
26th September 2025
Chubb, a global insurer, has announced the appointment of Joe Gaspero as Senior Vice President, National Account Segment Leader of Major Accounts Excess Casualty, effective immediately. In his new role, Gaspero will oversee the growth and development of Chubb's National Account portfolio for Excess Casualty business in the United States. He will ... Read the full article
Florida’s property re/insurance market rebounds following tort reform: Gallagher Re
26th September 2025
Gallagher Re, a global reinsurance brokerage and risk advisory firm, reports that Florida’s property insurance market is experiencing a significant resurgence, driven largely by recent tort reforms that have restored confidence among carriers, reinsurers, and capital providers. According to Gallagher Re’s analysis, the most tangible sign of this recovery was the ... Read the full article
Super Typhoon Ragasa insured losses may exceed tens of millions USD: Aon
26th September 2025
In the last week of September, Southeast Asia and China were struck by Super Typhoon Ragasa, with economic losses expected to reach hundreds of millions of USD and insured losses potentially exceeding tens of millions, according to Aon’s Weekly Cat Report. Ragasa formed as a tropical low-pressure system in the Philippine ... Read the full article
Amynta Group to acquire surety broker, International Sureties
26th September 2025
Amynta Group, an insurance services provider, has entered into a definitive agreement to acquire New Orleans-domiciled, commercial surety brokers Global Surety, LLC, International Sureties Limited and International Sureties SARL, collectively known as International Sureties. The transaction is expected to close in the fourth quarter of 2025 and is subject to regulatory ... Read the full article
Enact enters into 34% quota share reinsurance agreement
26th September 2025
Enact Mortgage Insurance Corporation, the flagship legal entity of mortgage insurer Enact Holdings, Inc., has entered into a quota share reinsurance agreement with a broad panel of highly rated reinsurers, subject to certain conditions. Under the agreement, Enact will cede approximately 34% of a portion of expected new insurance written for ... Read the full article
ICW Group adds Jake Sokol as Head of Excess Casualty
26th September 2025
ICW Group Insurance Companies, a group of property and casualty insurers, has appointed Jake Sokol as Head of Excess Casualty for its newly established specialty products business unit, ICW Specialty. The new business unit includes VerTerra Insurance, ICW Group’s Excess and Surplus lines carrier. In his new role, Sokol will provide strategic ... Read the full article
South Korea’s DB Insurance to acquire Fortegra in $1.65bn deal
26th September 2025
DB Insurance Co., Ltd., the second largest non-life insurer in South Korea, is set to acquire 100% of the outstanding shares of The Fortegra Group, Inc., a US-based specialty insurer, for approximately $1.65 billion (approximately KRW 2.3 trillion) in cash, from Tiptree and Warburg Pincus. The takeover is expected to provide ... Read the full article
New Energy Risk secures first tax credit insurance transaction
26th September 2025
New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has announced its first tax credit insurance transaction, in partnership with the tax insurance broker at Alliant Insurance Services. NER has bound its first tax credit insurance policy to support a utility-scale solar ... Read the full article
Bridgehaven becomes ABI member
26th September 2025
Bridgehaven Specialty UK Limited, a hybrid insurer in commercial and specialty lines, has joined the Association of British Insurers (ABI). Bridgehaven is an independent UK hybrid-fronting insurer that empowers managing general agents (MGAs) with long-term capacity while helping reinsurers achieve greater diversification. Representing more than 300 firms, the ABI works with UK ... Read the full article
Swiss Re promotes Pavel Huerta-Uribe to Head of Property Underwriting Globals, APAC
26th September 2025
Reinsurance industry giant Swiss Re has announced the promotion of Pavel Huerta-Uribe to Head of Property Underwriting Globals for the Asia Pacific (APAC) region, effective September 15th, 2025. In the role, he succeeds Andy Tran, and will be based in Tokyo, Japan. He is a Swiss Re and re/insurance industry veteran with ... Read the full article
Davies unveils new AI workbench to accelerate underwriting decisions
26th September 2025
Davies, a professional services and technology provider for the insurance and highly regulated markets, has unveiled its new AI Underwriting Workbench platform to deliver faster, data-driven decisions. The platform strengthens Davies’ existing underwriting practice, helping clients optimise their approach and overcome common pain points of traditional systems of record, including multi-carrier ... Read the full article
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