Reinsurance News
Hong Kong fire losses to be manageable for China Taiping Insurance: Fitch
4th December 2025
Fitch Ratings expects the recent Wang Fuk Court fire in Hong Kong to result in a surge in near-term claims, but says these should be manageable and unlikely to affect the rating of China Taiping Insurance Group Ltd. (TPG, A-/Stable), whose Hong Kong-based subsidiary underwrites the complex’s property and liability ... Read the full article
Skyward Specialty secures regulatory approval to acquire Apollo
4th December 2025
Property and casualty insurer Skyward Specialty Insurance Group Inc. has secured the required regulatory and minority shareholders' approvals for the 100% acquisition of Lloyd’s specialist, Apollo Group Holdings Limited. As announced in September 2025, the transaction is expected to close early in the first quarter of 2026, subject to final ... Read the full article
RSUM’s North American Professional Liability Team rebrands as Ryan Financial Lines
4th December 2025
Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, has formally rebranded its North American Professional Liability (NAPL) team to Ryan Financial Lines. This addition aims to significantly strengthen the international portfolio of Ryan Financial Lines, bringing deep expertise in US professional liability space. Ryan Financial Lines is RSUM’s ... Read the full article
Vienna Insurance Group outlines evolve28 strategy with targets through 2028
4th December 2025
Vienna Insurance Group, the multinational insurer operating across Central and Eastern Europe, has set out its aims for the next three years as it introduces its new strategic programme, evolve28. The company has detailed quantitative targets designed to reinforce its regional leadership, raise premiums and profit, and support the priorities of ... Read the full article
MSIG Europe announces leadership transition as Patrick Smolka prepares to depart
4th December 2025
MSIG Europe SE, a recognised provider of P&C and marine insurance solutions across the continent, has announced an upcoming shift within its senior underwriting team. Patrick Smolka, who has served as one of MSIG Europe’s Chief Underwriting Officers, will step down from his position on 31 December 2025 for personal reasons. ... Read the full article
CCRIF introduces Livelihood Protection Policy to support vulnerable groups after severe weather events
4th December 2025
CCRIF, a regional risk pooling organisation that provides parametric insurance to Caribbean and Central American governments, has introduced the Livelihood Protection Policy (LPP) in Jamaica as the country continues to deal with the aftermath of Hurricane Melissa. The storm left thousands of low income Jamaicans facing significant challenges in restarting their ... Read the full article
Munich Re’s American Modern appoints Eric Hunziker Chief Digital and Operating Officer
4th December 2025
American Modern Insurance Group, Inc., a specialist insurance provider and part of Munich Re, has confirmed that Eric Hunziker has taken on the position of Chief Digital and Operating Officer (CDOO), replacing Paul Schneider, who is set to retire at the end of the year. Hunziker has accumulated over 30 years ... Read the full article
Hong Kong fire to add pressure to P&C sector’s earnings: S&P
4th December 2025
A new review by S&P Global Ratings notes that losses from the recent destructive fire at a Hong Kong residential complex are likely to further strain the underwriting performance of the territory’s property and casualty (P&C) insurance industry. Hong Kong’s P&C sector is expected to see its net combined ratio rise ... Read the full article
AM Best shifts Conduit Re’s outlook to stable and reaffirms strong ratings
4th December 2025
AM Best, the credit rating agency, has adjusted its outlook on Conduit Reinsurance Limited (Conduit Re) from positive to stable. The agency also confirmed Conduit Re’s Financial Strength Rating of A- (Excellent) and its Long-Term Issuer Credit Rating of “a-” (Excellent). Conduit Re, based in Bermuda, is a specialist pure-play reinsurer ... Read the full article
Tiptree shareholders approve sale of Fortegra to DB Insurance
4th December 2025
Tiptree has announced that its shareholders have approved the previously disclosed agreement for DB Insurance Co., Ltd. to acquire all outstanding shares of The Fortegra Group, Inc., a global specialty insurer and subsidiary of Tiptree, at the company’s Special Meeting of Shareholders. Initially announced in September 2025, DB Insurance is ... Read the full article
Swiss Re promotes Nicole Pieterse to Chief People Officer
4th December 2025
Zurich-domiciled global reinsurance company, Swiss Re, has promoted Nicole Pieterse to the role of Chief People Officer, effective January 1st, 2026. She will be taking over from Cathy Desquesses, who will step down for personal reasons. Currently, Pieterse serves as Swiss Re's Head Human Resources for Property & Casualty Reinsurance (P&C Re). She ... Read the full article
Ryan Specialty completes acquisition of Canadian MGU SSRU
4th December 2025
Specialty insurer, Ryan Specialty, has completed its previously announced purchase of Stewart Specialty Risk Underwriting Ltd. (SSRU), a Toronto-based managing general underwriter (MGU). SSRU, a specialist in underwriting large-account, high-hazard property and casualty solutions, will now operate within the Ryan Specialty Underwriting Managers (RSUM) division. The transaction, originally announced on October ... Read the full article
Everest names Bradica as Group Chief Actuary and Kerényi as CRO
4th December 2025
Bermuda-based insurer and reinsurer, Everest Group, has appointed Katy Bradica as its new Group Chief Actuary, and named Attila Kerényi as Group Chief Risk Officer, both effective early January 2026. The pair join the firm's executive leadership team, with Everest noting that the hires enhance its leadership and reinforce its commitment ... Read the full article
Lloyd’s Market Association introduces expanded Emerging Litigation Forum
4th December 2025
The Lloyd’s Market Association (LMA), the body representing the interests of managing agents and Lloyd’s brokers, has announced the creation of the Emerging Litigation Forum (ELF). Introduced by the LMA, this new Forum takes the place of the Environment and Climate Change Litigation Committee (ECLIC) and carries a broader mandate. ELF widens ... Read the full article
Royal London secures £55m BPA transaction as deal pipeline expands
4th December 2025
Royal London, a mutual provider of life, pensions, and investment solutions, has secured a £55 million bulk purchase annuity (BPA) transaction with the Trustees of the Steamship Insurance Management Services Limited Pension and Assurance Scheme. So far in 2025, Royal London’s BPA team has secured 13 transactions with external pension schemes, ... Read the full article
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