Reinsurance News
Reinsurance market buttressed by robust capital, but challenges abound: AM Best’s Holzberger
9th September 2025
The reinsurance market continues to be buttressed by robust risk-adjusted capitalisation, fuelled by retained earnings and disciplined capital management, however, various headwinds persist, according to Stefan Holzberger, EVP & Chief Operating Officer at AM Best. In November 2024, AM Best affirmed its Positive outlook for the global reinsurance segment, citing ... Read the full article
Ariel Re gets ‘in principle’ Lloyd’s approval to establish Syndicate 2006
9th September 2025
Global reinsurance business Ariel Re has been given ‘approval in principle’ from Lloyd’s to establish a new Syndicate, 2006. "Ariel Re was formed 20 years ago this year, the new syndicate number is in recognition of the fact that 2006 was the first year of business," the company said in a ... Read the full article
Cyber insurance market maintains strong growth, says Guy Carpenter
9th September 2025
According to Guy Carpenter’s Global Specialties Market Update, the cyber insurance market continues to expand, with both supply and demand showing consistent upward momentum despite short-term market pressures. Guy Carpenter notes that the direct cyber market is experiencing growth across all regions, industries, and company sizes, even as pricing remains under ... Read the full article
DUAL Group enhances cyber insurance offering with KYND partnership
9th September 2025
DUAL Group, a specialty insurer, has announced the next stage of its cyber insurance programme through a strategic partnership with KYND, a provider of cyber risk management services. The initiative will initially launch in Australia and New Zealand, with plans for a broader rollout across the group in the near future. As ... Read the full article
London company market treaty reinsurance grows 10% in 2024, IUA reports
9th September 2025
Treaty reinsurance business in the London company market expanded by more than 10% last year, according to data from the International Underwriting Association (IUA), the trade body representing companies operating in the London insurance market. Total premiums written in London reached £11.985bn in 2024, up from £10.889bn in 2023. Treaty premiums now ... Read the full article
Property aggregate reinsurance making a resurgence: Gallagher Re’s Knapp
8th September 2025
According to Josh Knapp, Executive Vice President of global reinsurance broker Gallagher Re, aggregate protection is making a resurgence, especially for US cedants, when the program is appropriately structured and has a practical attachment point for everyone involved. He explained, "We’re seeing that aggregate coverage is becoming more available for US ... Read the full article
Price Forbes adds Eric Wang Mingchao as Head of Affinity, Singapore
8th September 2025
Specialty insurance broker Price Forbes has appointed Eric Wang Mingchao as the Head of Affinity, Singapore, reporting to Julian Coates, Chief Broking Officer, Price Forbes Singapore. In his new role, Mingchao will lead and grow the broker's facultative reinsurance portfolios across key affinity products, including extended warranty insurance, auto & finance ... Read the full article
Reasonable balance in nat cat risk sharing between re/insurers: Swiss Re’s Baertschi
8th September 2025
During the 2025 Rendez-Vous de Septembre (RVS) in Monte Carlo, Urs Baertschi, CEO Property & Casualty Reinsurance at Swiss Re, said that there is a reasonable balance between insurance and reinsurance companies around risk sharing for natural catastrophes. Baertschi said, “Right now, the risk sharing between insurance companies and reinsurance companies ... Read the full article
Lockton Re outlines strategies to drive cyber insurance growth through 2030
8th September 2025
Lockton Re, the reinsurance arm of the privately held independent insurance broker, has released a major report titled Cyber Insurance 2030: Charting a Course for Growth. The report examines the opportunities and challenges facing the cyber insurance market over the next decade, highlighting the innovations in product design, capital allocation, and ... Read the full article
Innovation and technology key to narrowing protection gap: Henchoz at PwC RVS event
8th September 2025
Innovation, technology, and a culture of experimentation are essential for the reinsurance industry to close the protection gap, said Jean-Jacques Henchoz, Chairman of the Board at BMS Group and former Hannover Re CEO, speaking at PwC’s annual breakfast briefing during this year’s RVS in Monte Carlo. Despite industry efforts to narrow ... Read the full article
Kin raises $50m in Series E financing led by QED Investors and Activate Capital
8th September 2025
Kin, a direct-to-consumer home insurer, has closed an oversubscribed $50 million Series E round at a $2 billion pre-money valuation, led by QED Investors and Activate Capital with participation from both new and existing backers. Simultaneously, the insurer also closed on a $200 million debt facility led by Wellington Management, $145 ... Read the full article
Howden Re and Reask partner to address emerging risks in Europe
8th September 2025
Howden Re, the global reinsurance broking arm of Howden Group, has partnered with Reask, a provider of climate-driven modelling solutions to enhance insurers’ ability to assess and manage the growing impact of emerging perils in France and the UK. The pair's collaboration highlights a broader shift: as climate risk intensifies, modelling ... Read the full article
CatX and Cactus to merge, launch AI-driven risk platform in Bermuda
8th September 2025
Bermuda-based insurance technology firms CatX and Cactus have announced plans to merge, forming the island’s largest insurance software company. CatX provides AI-based risk intelligence and workflow tools for property, specialty, and catastrophe insurance, as well as a regulated digital exchange connecting insurers with investment funds. Cactus offers a digital workspace for underwriting ... Read the full article
Strong specialty market fundamentals present growth opportunities for reinsurers: GC
8th September 2025
Despite navigating an evolving risk landscape, the global specialty insurance and reinsurance market is healthy, supported by strong fundamentals, such as reinsurer consensus on price adequacy, increased retained earnings, growth in dedicated reinsurer capital and continued appetite for expansion, according to James Boyce, CEO of Global Specialties, Guy Carpenter. In Guy ... Read the full article
APAC reinsurance market to remain soft: Fitch Ratings
8th September 2025
Pricing in the Asia-Pacific (APAC) reinsurance market is expected to remain soft in 2025, which reflects increased capacity and ample retrocession, Fitch Ratings’ Asian Reinsurance Monitor: 2025. The result is increased competition in an environment that raises underpricing risks amid complex catastrophe and emerging risk exposures, potentially weighing on margins and ... Read the full article
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