Reinsurance News
Mun named Director, Client Management at Aon Reinsurance Malaysia
29th August 2025
Lin Mun, an executive with over 21 years of extensive experience in the insurance and reinsurance industry, has been appointed as Director, Client Management of Aon Reinsurance Malaysia. With a deep understanding of the market and client needs, Mun will use her expertise, strong professional network and valuable industry insight to ... Read the full article
Healthy underwriting results & robust investment income support Asian reinsurers’ earnings: AM Best
29th August 2025
Asian reinsurers are actively expanding to mature overseas markets to diversify their portfolios and improve cycle management, a move seen by credit rating agency AM Best as credit positive. According to a recent AM Best report, many reinsurers in Singapore and across South and Southeast Asia reported strong earnings in 2024, ... Read the full article
ACORD launches NGDS Object Model to streamline digital data exchange
29th August 2025
ACORD, the global standards-setting body for the insurance industry, has announced the launch of the Next-Generation Digital Standards (NGDS) Object Model, designed to streamline digital data exchange across the insurance industry. The NGDS Object Model enables smoother, more accurate, and more secure data exchange. It bridges the gap between distinct business ... Read the full article
Ryan Specialty Underwriting Managers names Ferguson CEO of US Assure
29th August 2025
Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, has announced the appointment of Alan Ferguson as Chief Executive Officer of US Assure, effective September 1, 2025. Ferguson, who will continue to serve as President while assuming the CEO, will succeed Ty Petway, who is retiring after more ... Read the full article
kWh Analytics adds new $20m capacity layer to nat cat solution for renewable energy industry
29th August 2025
kWh Analytics, a climate insurer and risk manager for renewable energy projects, through its licensed insurance entity, Solar Energy Insurance Services, Inc., has expanded its portfolio with a new Excess Natural Catastrophe coverage to protect the renewable energy market from severe convective storms. The Excess Natural Catastrophe layer will provide up ... Read the full article
NA P&C re/insurers post strong operating results despite catastrophes: Fitch
29th August 2025
Fitch Ratings’ review of GAAP financial results for 41 North American (NA) re/insurers showed strong operating returns, strong underwriting results, and higher investment income in the first half of 2025, despite elevated catastrophe activity. Fitch reported that the overall operating return on common equity declined modestly year over year to 8.9% ... Read the full article
China Re’s net profit rises 11.4% to RMB 6.6bn in H1’25
29th August 2025
China Reinsurance (Group) Corporation (China Re) released its unaudited results for the first half of 2025, reporting a net profit of RMB 6,599 million, up 11.4% from RMB 5,922 million in the same period a year earlier. The Group achieved gross written premiums of RMB 103,835 million in H1’25, representing a ... Read the full article
AXA and WTW launch parametric programme to protect Caribbean’s second-largest coral reef
29th August 2025
AXA COLPATRIA, AXA Climate, Fondo Acción, and WTW Alternative Risk Transfer, have jointly designed a parametric insurance programme to protect coral reefs in the Colombian Archipelago of San Andrés, Providencia and Santa Catalina. In this effort, the coalition of partners is being supported by the Ocean Risk and Resilience Action Alliance ... Read the full article
Allianz Trade appoints Tetsushi Kitano as Country Manager for Thailand
29th August 2025
Allianz Trade, a provider of trade credit insurance and part of the Allianz Group, has appointed company veteran, Tetsushi Kitano as Country Manager for Thailand, effective September 1st, 2025. The appointment aligns with Allianz Trade's strategy for Asia Pacific. Kitano, in his new role, will lead the local team after spending ... Read the full article
Ledgebrook Re launches under the leadership of market veterans
29th August 2025
Ledgebrook Inc., a technology-focused provider in the Excess and Surplus Lines insurance sector, has launched Ledgebrook Re, a boutique reinsurance brokerage and advisory firm dedicated to supporting the next generation of insurance innovators. Ledgebrook Re is established as a managing general agent (MGA) and brings a foundation of deep underwriting expertise, ... Read the full article
Mitsui Sumitomo Insurance launches parametric weather insurance product
29th August 2025
Mitsui Sumitomo Insurance, a subsidiary of MS&AD Insurance Group Holdings, has announced the launch of its new parametric insurance product, "Weather Insurance Index", a new offering designed to help insurers manage financial losses caused by severe or unusual weather. As a parametric solution, this new product has been designed to pay ... Read the full article
S&P upgrades Ascot Group to BBB+ and assigns ‘A’ to Ascot Bermuda
29th August 2025
S&P Global Ratings has upgraded Ascot Group Limited, a Bermuda-based specialty re/insurance company, raising its long-term issuer credit rating to BBB+ from BBB. At the same time, S&P assigned an A long-term financial strength rating to Ascot’s main operating entity, Ascot Bermuda Limited. The outlook for both ratings is stable. According to ... Read the full article
European ‘Big Four’ maintain property cat appetite in 2025: AM Best
29th August 2025
The European “Big Four” reinsurers—Swiss Re, Munich Re, Hannover Re and SCOR—still have appetite for property catastrophe, despite market conditions beginning to show signs of softening, according to a recent AM Best report. The ratings agency noted that this appetite comes after a period of portfolio right-sizing, higher attachment points, and ... Read the full article
HDI Global appoints Nikita Tikhonov as Head of Marine Global Risk
29th August 2025
HDI Global, a commercial and specialty lines insurer, has announced the appointment of Nikita Tikhonov as its new Head of Marine Global Risk, effective 1st September, 2025. Based at HDI Global's Hannover, Germany headquarters, Tikhonov will report to Dr. Carsten Schulte, Head of Marine Underwriting. He will oversee a team of ... Read the full article
Swiss Re’s Urs Baertschi calls for stronger collaboration to manage rising nat cat losses
28th August 2025
Urs Baertschi, CEO of Property & Casualty Reinsurance at Swiss Re, recently shared his perspective on the challenges and opportunities facing the insurance industry in 2025. Reflecting on his personal aversion to roller coasters, Baertschi compared the highs and lows of amusement rides to the unpredictability of the current risk landscape, ... Read the full article
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