Reinsurance News
Fitch assesses ‘Strong’ to ‘Very Strong’ profitability for large European composite insurers
30th October 2025
Fitch Ratings assessed all large European composite insurers in its peer group as having ‘Strong’ to ‘Very Strong’ profitability, supported by diversified earnings sources that provide stability through cycles. The peer group comprises Allianz SE (Allianz), Aviva plc (Aviva), AXA SA (AXA), Assicurazioni Generali S.p.A. (Generali), MAPFRE S.A. (MAPFRE), and Zurich ... Read the full article
SEADRIF looking at risk pool expansion to cover public assets
30th October 2025
The Department of Finance (DOF), the Philippine government agency responsible for managing the country’s fiscal policies, public finances, and economic resilience, is leading a new regional initiative aimed at helping Southeast Asian nations protect vital public assets and sustain essential services in the aftermath of natural disasters. This regional effort demonstrates ... Read the full article
African Development Bank approves $6m ARC grant for proactive disaster preparedness
30th October 2025
The Board of Directors of the African Development Bank Group has approved a $6 million grant to the African Risk Capacity (ARC) to strengthen disaster preparedness and risk financing efforts across Africa for the 2025–2026 period. According to the African Development Bank, the project aims to help the continent's governments move ... Read the full article
AIG joins Convex’s new ownership structure led by Onex Corporation
30th October 2025
Convex Group Limited, the international specialty insurer and reinsurer, has announced a new long-term ownership structure in which Onex Corporation will take a leading 63% stake and AIG will become a strategic minority investor with a 35% equity interest. With the exception of management, Convex’s founding equity investors, including Onex’s Partners ... Read the full article
Markel Insurance posts underwriting gross premium volume increase of 11% for Q3’25
30th October 2025
Markel Group has reported that its insurance business, Markel Insurance, saw an underwriting gross premium volume increase of 11% for the third quarter of 2025 to $2.72 billion from $2.5 billion last year. For the nine month period ended September 30th, 2025, the increase was 4% at $8.32 billion from ... Read the full article
Steady premium growth keeps China’s non-life outlook stable: AM Best
30th October 2025
AM Best has maintained a stable outlook for China’s non-life insurance sector, supported by steady premium growth driven by the expansion of new energy vehicles (NEVs), ongoing health reforms, emerging product innovations, and regulatory initiatives aimed at fostering market development. A new report from the rating agency notes that, despite concerns ... Read the full article
Fortegra Insurance UK added to NAIC Quarterly Listing of Alien Insurers
30th October 2025
Fortegra Insurance UK Limited, part of the Fortegra Group, a specialty insurer, has been officially added to the National Association of Insurance Commissioners (NAIC) Quarterly Listing of Alien Insurers, published in the NAIC’s October Edition 249. This recognition establishes a new platform that enables Fortegra’s agents and brokers in the United ... Read the full article
AXIS Capital reports strong underwriting result for Q3’25
30th October 2025
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has reported a rise in underwriting income for both the third quarter and nine month period ended September 30th, 2025, with a strong performance in its insurance and reinsurance segments. For the third quarter of 2025, AXIS generated underwriting income of $188 million, ... Read the full article
Everest gets revised negative outlook from AM Best following Q3’25 reserve charges
30th October 2025
Credit ratings agency AM Best has revised the outlooks of Everest Group, Ltd. and its operating subsidiaries to negative from stable, and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior). At the same time, Everest Group, Ltd. and Everest ... Read the full article
Verisk reports 5.9% revenue and 2.5% net income increase in Q3’25
30th October 2025
Verisk Analytics, a data analytics and technology provider, announced its financial results for the third quarter of 2025, reporting $768 million in revenue, up 5.9%, and up 5.5% on an organic constant currency (OCC) basis. Net income also experienced a slight increase to $226 million, up 2.5%, mainly driven by revenue ... Read the full article
Amiga Specialty names Jamie Ricketts as MD of Financial Institutions
30th October 2025
Amiga Specialty, a specialist managing general agent (MGA) backed by B.P. Marsh, has appointed Jamie Ricketts to the newly created role of Managing Director (MD) of Financial Institutions, effective immediately. In his new role, Ricketts reports to Adam Kembrooke, Group Managing Director, and will be based in London. His remit includes establishing ... Read the full article
QIC Group net profit increases 23%
30th October 2025
Qatar Insurance Company (QIC Group) has announced its financial results for the first nine months of 2025, reporting a net profit of QAR 588 million, a 12% increase compared to the same period the year prior. The Group’s net profit before Pillar II global tax provision reached QAR 645 million, a ... Read the full article
Arch Global Services India opens technology hub in Hyderabad
30th October 2025
Arch Global Services India, a wholly-owned subsidiary of insurer and reinsurer Arch Capital Group Ltd., has announced the opening of its new office in Hyderabad. Managed by Raju Chiluvuri as Arch Global Services India Technology Head, the Hyderabad office is to focus on delivering innovative and technology-driven services across Arch Capital ... Read the full article
China Re P&C net profit climbs ~77% in 9M’25
30th October 2025
China Reinsurance (Group) Corporation (China Re) released its unaudited results for the nine months ended 30 September 2025, reporting a net profit of RMB 2,246 million (USD 316m) from its property and casualty subsidiary, up approximately 77% from RMB 1,272 million (USD 178m) in the same period last year. China Property ... Read the full article
Starr to acquire IQUW Group
29th October 2025
Starr, the global investment and insurance company has entered into a definitive agreement to acquire IQUW Group, the specialty insurance and reinsurance organisation. The deal is expected to expand Starr’s underwriting capabilities and position the combined company for growth across a broader range of global market segments. IQUW Group operates two syndicates ... Read the full article
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