Reinsurance News
Brisbane hailstorm declared a Significant Event by ICA as claims mount
29th October 2025
The Insurance Council of Australia (ICA) has declared the hailstorm that impacted the wider Brisbane region on Sunday, 26th October 2025, a Significant Event, with insurers having received 11,000 claims to date. The storm brought intense rainfall, hail, and strong winds across parts of the Brisbane and Ipswich regions, resulting in ... Read the full article
Cincinnati reports Q3‘25 revenue and net income growth with improved CoR
29th October 2025
Cincinnati Financial Corporation has announced its financial results for the third quarter of 2025, reporting $3.72 billion in revenue and a 37% jump in net income to $1.12 billion, a strong performance fuelled by both investment gains and strong underwriting. Net investment gains reached $77 million, with investment income adding another ... Read the full article
Insurance Authority reports premium gains for Hong Kong, long term business leads sector
29th October 2025
The Insurance Authority (IA), the insurance regulator of all authorised insurance companies and licensed insurance intermediaries in Hong Kong, has released provisional data for the first half of 2025, indicating total gross premiums of HK$423.4 billion across the market. The figures provide insights into both long-term and general insurance business activity ... Read the full article
MSIG appoints Eric Schaap as SVP and Global Broker Engagement Manager
29th October 2025
Mitsui Sumitomo Insurance and MSIG Asia (collectively known as MSIG), an international general insurance group providing a wide range of commercial and personal insurance solutions, have announced the appointment of Eric Schaap as Senior Vice President and Global Broker Engagement Manager. The newly created position is designed to strengthen MSIG’s relationships ... Read the full article
Ping An P&C insurance revenue climbs 3% in 9M 2025
29th October 2025
Chinese insurer Ping An achieved solid growth with continued improvement in business quality within its property & casualty (P&C) segment in the first nine months of 2025, reporting insurance revenue of RMB253,444 million, up 3% year on year. The company noted that building a full-scenario, end-to-end customer service system to deliver ... Read the full article
We remain bullish on property cat reinsurance ahead of Jan renewals, says Arch CEO
28th October 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based Arch Capital Group, said today that the company remains bullish on the property catastrophe reinsurance business, despite the market being in its second round of rate decreases. As property cat reinsurance rates soften from recent highs, the attractiveness of the business has been ... Read the full article
Guidewire to help accelerate P&C insurers’ product innovation with new PricingCenter application
28th October 2025
Property and casualty (P&C) insurance platform Guidewire has unveiled PricingCenter, a new application that aims to revolutionise insurance pricing and rating by increasing efficiency, improving accuracy, and speeding time to market. Purpose-built for actuaries, pricing teams, and IT developers, PricingCenter unifies and modernises the pricing and rating lifecycle, from model design ... Read the full article
EPIC strengthens Private Client practice with Price Insurance acquisition
28th October 2025
EPIC Insurance Brokers & Consultants (EPIC), a national insurance brokerage and consulting firm, has announced the acquisition of Price Insurance, an independent agency providing comprehensive solutions for individuals, families, and businesses in the Chicago area. Founded in 1937, Price Insurance is a family-owned firm based in Lake Forest, Illinois, offering personal ... Read the full article
AM Specialty Insurance promotes Dominick Tassone Jr. to CEO of ASIC US
28th October 2025
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, has promoted Dominick Tassone Jr. to Chief Executive Officer (CEO) of AM Specialty Insurance Company (ASIC US), effective January 1st, 2026. Founder, Shevawn Barder will continue to serve as the Group CEO of AM Specialty ... Read the full article
Brown & Brown revenue rises 35.4% to $1.6bn in Q3’25
28th October 2025
Brown & Brown, Inc., an insurance brokerage and risk management firm, reported total revenue of $1.6 billion under US GAAP for the third quarter of 2025, representing a 35.4% increase compared to the same period a year earlier. For the quarter, organic revenue increased 3.5% to $1.17 billion, from $1.13 billion. Income ... Read the full article
Sutton joins KatRisk as General Manager to help accelerate cat risk platform evolution
28th October 2025
Catastrophic risk modelling software provider KatRisk has announced Martyn Sutton, formerly of reinsurance giant Swiss Re, has joined its leadership team as General Manager. Sutton brings over thirty years of leadership experience in insurance and reinsurance software, global market expansion, and innovation. His proven track record of opening new markets, scaling high-performing ... Read the full article
Everest will look to take risk in still favourable property cat market: CEO Williamson
28th October 2025
Jim Williamson, President and Chief Executive Officer at Bermudian insurer an reinsurer, Everest, characterised the property catastrophe reinsurance market as a “still very favourable environment,” describing it as well-priced and a risk the company is looking to take. During Everest’s third quarter 2025 earnings call, Williamson discussed market pricing, competition, and ... Read the full article
The Hartford reports record Q3’25 net income of $1.1bn as cat losses fall
28th October 2025
The Hartford has disclosed a record Q3 2025 net income available to common stockholders of $1.1 billion, up a considerable 41% from $761 million in the same period of 2024. According to the firm, the increase was primarily driven by lower Property & Casualty (P&C) current accident year (CAY) catastrophe losses, ... Read the full article
UK firms adopting more structured and data-driven approach to risk oversight: Aon
28th October 2025
Aon's 2025 Global Risk Management Survey has found that UK businesses are outpacing their global peers in risk management and governance, with nearly eight in ten UK respondents (78.6%) reporting direct board involvement compared with 61.4% globally. According to Aon, the survey, which gathered insights from nearly 3,000 executives across 63 ... Read the full article
Royal London completes £16m buy-in for Premdor Crosby Pension Plan
28th October 2025
Royal London, a mutual provider of life, pensions, and investment solutions, has finalised a £16 million bulk purchase annuity (BPA) arrangement with the Premdor Crosby Pension Plan. This transaction, which secures benefits for 181 members, is the first for Royal London with BESTrustees acting as Chair of Trustees and the first ... Read the full article
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