Reinsurance News
Clients in Asia benefit from lower premiums amid softening insurance market: Aon
4th November 2025
Soft conditions are prevailing across the Asia insurance market, allowing clients to benefit from lower premiums across all major lines and reinvest savings into broader wordings, additional limits, and new coverages, according to insurance and reinsurance broking firm Aon. Aon's Q3 2025 Global Insurance Market Insights Report highlighted that soft market ... Read the full article
PartnerRe appoints Swiss Re’s Paul Brennan as Chief Actuarial Officer
4th November 2025
Bermuda-based reinsurer PartnerRe has announced that Paul Brennan will succeed Sima Ruparelia as Chief Actuarial Officer. Brennan is joining PartnerRe following a twenty-year tenure at Swiss Re, where he held a number of roles, most recently serving as Head of Actuarial P&C EMEA - Director. He joined Swiss Re in 2005 as ... Read the full article
Bowhead Specialty’s Q3’25 GWP increase 17.5%
4th November 2025
Bowhead Specialty Holdings Inc., a provider of casualty and professional liability products, reported a gross written premiums (GWP) increase of 17.5% for the third quarter of 2025 to $231.5 million, compared to $196.9 million in Q3’24. The lift was driven by an increasing renewal book and continued growth in the firm’s ... Read the full article
Alex Kirkby joins Willis Re’s Marine & Energy business
4th November 2025
Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has announced the appointment of Alex Kirkby to its Marine & Energy business in London. Kirkby brings more than a decade of experience across both underwriting and broking. He joins Willis Re from Ascot Group, where ... Read the full article
The Hanover launches new offering for complex industrial property risks
4th November 2025
The Hanover Insurance Group has launched Hanover Specialty Industrial Property (HSIP) Advantage, a new admitted property product. This offering, the insurer stated, has been designed to modernise insurance coverage for small to mid-sized businesses that manufacture, blend, distribute, warehouse or transport high-hazard products and materials. HSIP Advantage will be available for new ... Read the full article
Vantage makes promotions across Reinsurance division & Partnership Capital platform
4th November 2025
Vantage Group Holdings Ltd., a specialty insurer and reinsurer, has announced a series of strategic leadership promotions across its Reinsurance division and Partnership Capital platform. These promotions underscore Vantage's deep talent pool and the sustained growth of its private, collateralized Insurance-Linked Securities (ILS) operations. They also highlight Vantage’s considerable internal strength, especially ... Read the full article
Selective adds Julie Parsons as Independent Director
4th November 2025
Selective Insurance Group, Inc. has appointed Julie Parsons to its Board of Directors as an Independent Director, effective November 3rd, 2025. With this addition, Selective’s Board is now composed of 12 directors, 11 of whom are independent. Parsons is an industry veteran with extensive experience in product development, digital transformation, and customer ... Read the full article
Re/insurance key to meeting Southeast Asia’s growing protection needs
4th November 2025
In a keynote address at the 21st Singapore International Reinsurance Conference (SIRC), Chia Der Jiun, Managing Director, Monetary Authority of Singapore, highlighted Southeast Asia’s resilient growth amid global uncertainty, as re/insurers increasingly expand their headquarters and operations in the region. Chia Der Jiun commented, "As the year draws near to a ... Read the full article
Corebridge Financial reports $144m net income in Q3’25
4th November 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the third quarter of 2025, reporting net income of $144 million, which compares to a loss of $1.2 billion in the same period last year. The company attributed this result to a number of factors, including lower ... Read the full article
James River posts underwriting income of $8.9m and improved CoR in Q3’25
4th November 2025
James River Group Holdings, Ltd., a Bermuda-domiciled insurance holding company, reported underwriting income of $8.9 million in the third quarter of 2025, compared to a loss of $56.8 million in the same period last year, with its combined ratio improving to 94.0% from 135.5%. The Q3’25 combined ratio consisted of a ... Read the full article
Westfield Specialty International appoints Baldwin as President
4th November 2025
Westfield Specialty International, a specialty insurance provider, has announced the appointment of Anthony Baldwin as President, Specialty International, subject to regulatory approval. In his new role, the executive will be responsible for all Westfield Specialty business outside the United States. Based in London, Baldwin will report to Jack Kuhn, Global President, Westfield ... Read the full article
Mitsubishi Electric completes sale of insurance subsidiary to Marsh Japan
4th November 2025
Mitsubishi Electric Corporation has announced the completion of the sale of all shares in its Tokyo-based insurance subsidiary, Mitsubishi Electric Insurance Service Co., Ltd., to Marsh Japan, Inc. Mitsubishi Electric Insurance Service was established in 1999 as an insurance agency for the Mitsubishi Electric Group. Since then, it has supported the ... Read the full article
ASIC eyes London-sourced U.S. specialty reinsurance opportunities ahead of Jan 1
4th November 2025
Dallas-based E&S carrier AM Specialty Insurance Company (ASIC) is reportedly seeking London-sourced, U.S.-domiciled specialty reinsurance opportunities in the run-up to the January 1, 2026, renewal season. According to ASIC, since its launch three years ago, the firm has built a “meaningful presence” in this segment. Assumed business reportedly accounts for the ... Read the full article
Aon reports competitive conditions in global insurance market amid underlying risks
4th November 2025
Global professional services firm Aon has released its Q3 2025 Global Insurance Market Insights report, which outlines one of the most competitive insurance markets seen in recent years. According to Aon, buyers across many regions are benefiting from ample capacity, broader coverage, and double-digit rate reductions across a range of insurance ... Read the full article
YTD legacy deals hit 26 with $1.36bn of gross liabilities transferred: PwC
4th November 2025
According to a new PwC report, three legacy transactions were publicly disclosed in Q3 2025, bringing the year-to-date total to 26 deals with a combined £1.36 billion in gross liabilities transferred. "Consistent with much of the activity observed so far this year, Q3’s transactions were smaller in scale and primarily driven ... Read the full article
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