Reinsurance News

AM Best revises digital insurer ZhongAn’s outlooks to positive

19th November 2025

Credit rating agency AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of ZhongAn Online P & C Insurance Co., Ltd. (ZhongAn) (China). These credit moves reflect ZhongAn’s balance sheet strength, assessed ... Read the full article

Aon names Jason Disborough as Chief Commercial Officer, Pacific

19th November 2025

Insurance and reinsurance broking firm Aon has appointed Jason Disborough as Chief Commercial Officer, Pacific, effective January 1st, 2026, based in Brisbane. In his new role, Disborough will lead Aon’s regional commercial strategy and execution, overseeing client engagement to deliver innovative, client-centric solutions. Once he takes on the new role, he will ... Read the full article

Amynta expands FNP’s book of nonprofit clients with NPS acquisition

19th November 2025

Insurance service provider, Amynta Group, has announced that its subsidiary, First Nonprofit Companies, Inc. (FNP), has acquired Nonprofit Services Insurance Agency, Inc. (NPS). Based in Longview, Washington, NPS has been providing alternative methods for nonprofit employers to meet their unemployment insurance liabilities for over 20 years. It offers comprehensive captive management unemployment ... Read the full article

Colleen Kanniah appointed CEO of Afro Asian Re

19th November 2025

Colleen Kanniah has been appointed CEO of Afro Asian Re RSA (Pty) Ltd., a subsidiary of the Afro Asian Group, based in Johannesburg, Republic of South Africa. Afro Asian Re RSA (Pty) Ltd. is the sixth addition to the Afro Asian Group's growing network of subsidiaries across the African continent, and ... Read the full article

AM Best adjusts US excess and surplus lines segment outlook to stable

18th November 2025

Credit rating agency AM Best has updated its outlook for the US excess and surplus (E&S) lines insurance market from positive to stable, reflecting slower premium growth and the beginning of rate softening. The agency reported that rate increases are easing in certain classes and that uncertainties in loss costs, including ... Read the full article

Lockton Re welcomes Scaife to its International Casualty Fac Practice

18th November 2025

Lockton Re, the reinsurance business of independent insurance broker Lockton, has announced that Claire Scaife has joined its International Casualty Facultative Practice in London As Casualty Facultative Broker Scaife will be working alongside Rachel Cohn, who oversees the practice, and Emma Hart, as this team continues to win business and expand ... Read the full article

Morgan Stanley expects P&C pricing to face continued pressure at Jan renewals

18th November 2025

Morgan Stanley analysts expect property & casualty reinsurance pricing to continue facing pressure heading into January 1, 2026 renewals, following a similar trend to 2025. Reinsurance pricing continued to soften, reflected in weaker top-line growth across most of Morgan Stanley’s coverage. Analysts expect rates at 1.1 to decline roughly 10–15%, driven ... Read the full article

Africa Re reports net profit of $142.65m in Q3’25 despite increased claims activity

18th November 2025

African Reinsurance Corporation has disclosed a net profit after tax for Q3 2025 of $142.65 million, marking an increase of 8.54% year-on-year. According to the firm, this “historical record” was driven by a significant reduction in foreign exchange losses, which dropped by 65.54% in the quarter to $6.83 million, disciplined cost ... Read the full article

Prudential backed Prismic Life raises $1.3bn to expand its reinsurance platform

18th November 2025

Prismic Life Holding Company, LP (Prismic) has raised $1.3 billion in its third successful capital raise, sponsored by Prudential Financial, Inc. (PFI) and Warburg Pincus, and supported by participation of a global consortium of investors, providing the firm with additional capacity to grow its reinsurance platform. Prismic is a Bermuda-exempted limited ... Read the full article

SageSure to underwrite policies issued by Trium Syndicate 1322 after receipt of Lloyd’s Coverholder and DCA status

18th November 2025

Large, US catastrophe-exposed focused managing general underwriter (MGU), SageSure, is now an official Coverholder and Delegated Claims Administrator (DCA) at Lloyd’s after approval from the marketplace, enabling the firm to underwrite policies issued by Trium Syndicate 1322. The partnership with Trium Syndicate 1322 at Lloyd’s, rated “A+” (Superior) by global ratings ... Read the full article

Liberty General Insurance introduces Surety Solutions in India

18th November 2025

Liberty General Insurance Ltd., part of the Liberty Mutual group, a long-standing insurance organisation, has introduced Surety Insurance in India. The move follows the IRDAI framework that allows Surety products to function alongside bank guarantees, expanding the range of financial instruments available within the country’s construction and infrastructure sectors. The Surety offerings ... Read the full article

TMK appoints Cesar Silvestre as Head of Cyber Reinsurance Solutions

18th November 2025

Tokio Marine Kiln (TMK), a global specialty insurer, has announced the appointment of Cesar Silvestre as Head of Cyber Reinsurance Solutions. The appointment follows TMK’s September launch of its enhanced flagship cyber offering, TMK Cyber Ctrl, which includes expanded products and revised wordings, such as the new Professional Ctrl policy ... Read the full article

Aon unveils framework to accelerate re/insurer investment in sustainable energy

18th November 2025

With global premiums forecast to exceed $9 billion by 2030, Aon has launched the Low-Carbon Transition Framework for Insurers, a seven-step process aimed at driving re/insurer engagement with the sustainable energy sector, which, through their capital support, will reportedly increase the viability of low-carbon energy projects and drive climate resilience. "The ... Read the full article

Jenner to lead Howden’s new Global Financial Sponsors division

18th November 2025

Emily Jenner has joined Howden as Managing Director (MD) of its new Global Financial Sponsors (GFS) division, a specialist practice for large private equity and alternative investment clients. As MD, Jenner will run a dedicated team focused on supporting financial sponsors throughout the entire deal lifecycle. This support will span from initial ... Read the full article

LMA appoints six new members to its Next Gen Legal Committee

18th November 2025

The Lloyd’s Market Association (LMA) has announced the appointment of six new members to its Next Gen Legal Committee. The committee brings together legal leaders to foster collaboration across the market. Members will contribute to essential projects and address key legal issues currently impacting the industry. The new appointments are:

• Angela Gormley,