Reinsurance News
Casper launches niche renewable energy offering, Tundra Specialty
22nd October 2025
Casualty-focused MGA Casper Specialty UK Limited has launched Tundra Specialty, a new offering dedicated to the niche renewable energy sector, which will be led by Matthew Melville, who was most recently founder and CEO of Albus, part of Ryan Specialty Group. Operating as part of Casper, Tundra Specialty will reportedly establish ... Read the full article
32 new international insurance licenses issued in Cayman so far in 2025: IMAC
22nd October 2025
Citing Q3 2025 licensing statistics from the Cayman Islands Monetary Authority (CIMA), the Insurance Managers Association of Cayman (IMAC) reported continued growth in the jurisdiction’s international insurance sector, with 32 new international insurance licenses issued so far in 2025. Between July and September 2025, CIMA reportedly issued eleven new international insurer ... Read the full article
Chubb posts record Q3’25 P&C underwriting income of $2.3bn
22nd October 2025
Large insurer Chubb has reported record property and casualty (P&C) underwriting income of $2.26 billion, representing a 55% year-on-year increase, for the third quarter of 2025, with a combined ratio of 81.8%, compared with underwriting profit of $1.5 billion in Q3’24 with a combined ratio of 87.7%. The global insurer explained ... Read the full article
Bridging the gap between re/insurers’ actuarial models & underwriting operations: Katz, Optalitix
22nd October 2025
In an interview with Reinsurance News, Dani Katz, Co-founder and Director of software provider Optalitix, said reinsurers are at a pivotal point — with abundant capital, complex risks, and an urgent need for faster, data-driven pricing — noting that he sees the greatest opportunity in helping carriers bridge the gap ... Read the full article
Everest names Anthony Vidovich as EVP and General Counsel
22nd October 2025
Bermuda-domiciled insurer and reinsurer Everest Group has appointed Anthony Vidovich as Executive Vice President (EVP) and General Counsel, effective on or before January 5th, 2026. He succeeds Ricardo Anzaldua, who, as previously announced, will retire following a transition period to ensure a seamless handover of responsibilities. In his new role, Vidovich will report ... Read the full article
Stand secures $35m Series B to support Florida expansion
22nd October 2025
Stand, a homeowners insurance provider for properties in high-risk areas, has raised $35 million in a Series B funding round, which will support the company’s expansion into the Florida market. This funding round was led by Eclipse, alongside previous investors Inspired Capital, Lowercarbon Capital, and Equal Ventures. Since its launch just over ... Read the full article
Fortitude Re/Carlyle Asia reinsurance sidecar launches with $700m+ in capital
22nd October 2025
Fortitude Carlyle Asia Reinsurance, Ltd. (FCA Re), Fortitude Re’s and Carlyle’s recently launched Asia focused reinsurance sidecar, is commencing operations with more than $700 million in deployable capital, including equity and expected debt capacity. The sidecar is a Class E licensed Bermuda-domiciled reinsurer established to accelerate Fortitude Re’s growth in the ... Read the full article
Insurers prepare for another year of uncertainty, says BlackRock
21st October 2025
Insurance companies remain cautious as inflation once again emerges as one of the leading macroeconomic risks, according to BlackRock’s 14th annual Global Insurance Report. BlackRock, the asset manager, surveyed 463 senior investment professionals across 33 markets representing a combined US$23 trillion in assets under management. The findings highlight an industry balancing prudence ... Read the full article
Bishop Street introduces MGA incubator and expands leadership team
21st October 2025
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has introduced Bishop Street Program Managers, an incubator designed to support the growth of managing general agents. Operating within the Bishop Street platform, the initiative will work with underwriters to develop new specialty MGAs and respond to emerging opportunities in the insurance ... Read the full article
QBE names Chris Killourhy Group CFO
21st October 2025
Chris Killourhy has been appointed as Group Chief Financial Officer of QBE Insurance Group, subject to regulatory approvals. In his new role, Killourhy will lead QBE’s global financial strategy, capital management and investor relations. Killourhy brings a unique blend of technical excellence, strategic insight and collaborative leadership to his new role, the ... Read the full article
Will Nihan to lead SiriusPoint’s IMG as CEO
21st October 2025
SiriusPoint Ltd., a global specialty insurer and reinsurer, has appointed Will Nihan as Chief Executive Officer (CEO) of International Medical Group (IMG), its wholly owned subsidiary and a global insurance benefits and assistance services. The appointment is effective as of November 3rd, 2025. In his new role, Nihan replaces Adam Hirschfeld, ... Read the full article
KBRA anticipates resilience among catastrophe-exposed insurers
21st October 2025
KBRA currently expects moderate weather-related loss activity, noting that, absent a particularly severe event, most insurers should be able to absorb storm-related losses through earnings or surplus without significantly affecting their overall claims-paying ability. The agency’s recent research indicates that isolated downgrades may occur for insurers experiencing outsized losses relative to ... Read the full article
Previsico closes Series A funding round to accelerate global growth
21st October 2025
Previsico, the actionable flood warning insurtech, has announced the successful close of its Series A funding round to accelerate its global expansion. The round included investment from Connecticut Innovations (CI), Connecticut’s strategic venture capital arm, and BlueOrchard Finance Limited, a global impact investment manager and member of the Schroders Group. It ... Read the full article
Clear evidence re/insurance industry is still cyclical: W. R. Berkley CEO
21st October 2025
Re/insurance market dynamics through the third quarter shows that the industry is still cyclical, and while there's still margin in the property catastrophe reinsurance business, it is eroding and is no longer as attractive as it was in recent times, with further softening expected, according to Rob Berkley, Chief Executive ... Read the full article
85% of insurers negatively impacted by third-party risks: Dun & Bradstreet
21st October 2025
Insurance companies are facing growing third-party risk, with 85% of UK insurers and brokers having experienced negative impacts from such risks, according to a recent Dun & Bradstreet report. Dun & Bradstreet’s recent Financial Services & Insurance Pulse Survey 2025 draws on insights from over 2,000 senior professionals in the financial ... Read the full article
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