Reinsurance News
OdysseyRe names Randhir Bilkhu as Head of AI Business Solutions
3rd November 2025
Odyssey Reinsurance Company (OdysseyRe), the property and casualty reinsurance arm of Odyssey Group Holdings, Inc., a subsidiary of Fairfax Financial Holdings Limited, has appointed Randhir Bilkhu as Head of Artificial Intelligence (AI) Business Solutions. In his new role, Bilkhu will report to OdysseyRe's Chief Executive Officer of North America, Brian Quinn. His ... Read the full article
Protective Life to acquire Abry Partners’ portfolio company
3rd November 2025
Private equity firm Abry Partners announced that its portfolio company, Portfolio Holding, Inc., has entered into an agreement to be acquired by Protective Life Insurance Company, the principal subsidiary of Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. The transaction is expected to close in the ... Read the full article
Fidelis appoints William Waddell-Dudley as UK CUO
3rd November 2025
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited (Fidelis Insurance Group) has announced the appointment of William Waddell-Dudley as UK Chief Underwriting Officer (CUO). In his new role, Waddell-Dudley will work closely with the Bermuda and Ireland Chief Underwriting Officers to help shape the company’s underwriting strategy and drive innovation within ... Read the full article
Trident Marine Managers expands underwriting agreement with Aspen
3rd November 2025
Trident Marine Managers, a Ryan Specialty Underwriting Managers company, will now serve as the exclusive underwriter for Aspen Insurance Company's Marine Hull, Primary, and Excess Marine Liability business, following an expanded underwriting agreement between the two companies. Mark Engel, CEO Marine & Energy at Ryan Specialty Underwriting Managers, commented: “We are ... Read the full article
MAPFRE RE’s profit climbs 23.6% as group result hits €829m in first nine months
3rd November 2025
MAPFRE has reported that MAPFRE RE, which encompasses its Reinsurance and Global Risks businesses, posted a profit of €256 million for the first nine months of 2025, a 23.6% increase compared to the same period last year. Of the total profit figure, Reinsurance contributed €225 million, with a combined ratio of ... Read the full article
Jamaica to receive record $70.8m CCRIF parametric payout for Hurricane Melissa
3rd November 2025
The government of Jamaica is set to receive a record payout of USD 70.8 million (J$11.4 billion) following the passage of Hurricane Melissa, under the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) parametric insurance model. This marks the largest single payout in CCRIF’s history. It is subject to ... Read the full article
Lockton Re expands Capital Advisory capabilities with senior appointments
3rd November 2025
Lockton Re, the reinsurance business of insurance broker Lockton, has appointed Darsh Patel to lead Transaction Structuring and Reserving Analytics globally and Jack McGregor to lead Retrospective Reinsurance and Legacy Solutions for North America. Patel joins Lockton Re from Aon, where he was a Legacy Actuary as part of the Aon ... Read the full article
AM Best reports robust 2024 performance for Canada’s L/A insurance sector
3rd November 2025
AM Best, the credit rating agency, reported that Canada’s life and annuity (L/A) insurers delivered strong results in 2024. The sector benefited from record growth in new annualised premiums, along with increased revenue from assets under management and fee-based income. According to AM Best, the outlook for the Canadian L/A market remains ... Read the full article
Gallagher Re’s new framework to align APAC cyber reinsurance demand with global capacity
3rd November 2025
Global reinsurance brokerage Gallagher Re has launched an innovative framework designed to transform the cyber reinsurance landscape in the Asia Pacific (APAC) region. This initiative aims to align the growing demand for cyber reinsurance in APAC with global capacity, offering a flexible and comprehensive solution to meet the region’s unique needs. Gallagher ... Read the full article
Ebix introduces ExposureHub to the US market
3rd November 2025
Ebix, a provider of insurance and financial technology solutions, announced the introduction of ExposureHub to the US market. The platform offers real-time exposure visibility and portfolio analytics for property, casualty, and specialty insurers, as well as brokers and enterprise risk teams. Already in use in the London insurance market, ExposureHub is now ... Read the full article
Legal System abuse drives decade-long surge in liability insurance losses: Triple-I
3rd November 2025
A new study by the Insurance Information Institute (Triple-I), an organisation providing data and analysis on insurance issues, and the Casualty Actuarial Society (CAS), a professional group for actuaries specialising in property and casualty insurance, finds that legal system abuse (LSA) and related litigation trends have significantly impacted liability insurance. The ... Read the full article
Berkshire Hathaway posts $2.4bn Q3’25 underwriting earnings amid strong P&C reinsurance result
1st November 2025
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, generated improved year-on-year net underwriting earnings across its re/insurance operations of $2.4 billion for the third quarter of 2025 ($750m Q3'24), and $5.7 billion for the nine month period ended September 30th, 2025 ($5.6bn 9M'24), as both the reinsurance and primary ... Read the full article
AccuWeather estimates up to $52bn in economic losses from Hurricane Melissa
31st October 2025
Hurricane Melissa, the first Cat 5 storm to make landfall in Jamaica’s history and among the strongest storms ever recorded in the Atlantic, has caused $48 billion to $52 billion in total damage and economic losses, according to AccuWeather’s preliminary estimates. Hurricane Melissa, with peak winds of 185 mph (298 kph) ... Read the full article
SCOR sees opportunities to grow in US cat at 1/1: Jean-Paul Conoscente
31st October 2025
Jean-Paul Conoscente, Chief Executive Officer of SCOR P&C, said the French reinsurer views the US catastrophe market as attractive, with opportunities to grow given the current level of price adequacy. During SCOR’s Q3 2025 results call, Conoscente emphasised that the company does not regret its decision to increase its risk appetite ... Read the full article
US P&C market sees wave of growth in reciprocal insurance exchanges: ALIRT
31st October 2025
Reciprocal insurance exchanges (RIEs) in the U.S. have seen a wave of growth as new entrants emerge to address capacity shortages in property markets, particularly across the southern coastal states, according to ALIRT Insurance Research. ALIRT’s latest industry analysis, “Overview of Reciprocal Insurance Exchanges and Recent Market Trends,” found that 36 ... Read the full article
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