Reinsurance News
BBC Pension Scheme finalises £6bn longevity swap with Zurich & MetLife
20th November 2025
The BBC Pension Scheme has completed a longevity swap transaction, covering approximately £6 billion of pensioner liabilities for around 21,000 members, with global insurer Zurich reinsurer MetLife. The deal is designed to provide the BBC Scheme - and the BBC as its sponsor - with further protection against the financial risk ... Read the full article
Swiss Re’s Oliver Dlugosch joins The Fidelis Partnership as Group Head of Aviation
19th November 2025
The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has appointed Oliver Dlugosch as Group Head of Aviation, effective December 2025, based in London. In his new role, Dlugosch reports to Richard Coulson, Deputy Group Chief Underwriting Officer and Chief Executive Officer of Insurance at The Fidelis Partnership. His remit includes ... Read the full article
Federato raises $100m Series D to accelerate global expansion
19th November 2025
Federato, an AI-powered underwriting platform for the insurance industry, has raised $100 million in Series D funding led by Growth Equity at Goldman Sachs Alternatives. The substantial new capital reinforces a significant change in the insurance industry's attitude, moving away from “old core” legacy systems and embracing modern software that aligns ... Read the full article
Reask names Andy Rice as Chief Growth Officer, US
19th November 2025
Reask, a provider of early warning, real-time, and probabilistic risk forecasting solutions for global extreme weather events, has appointed Andy Rice as Chief Growth Officer, US, to bolster its presence across the country. In the new role, he will lead efforts to expand access to Reask’s advanced extreme weather data and ... Read the full article
KCC releases US Winter Storm Model Version 3.0
19th November 2025
Karen Clark & Company (KCC), a provider of catastrophe risk modelling solutions, has released Version 3.0 of its US Winter Storm Model. The model captures two types of winter storms: extratropical cyclones (ETCs) and Arctic air outbreaks. North American ETCs are large low-pressure systems, such as Nor’easters, that cause damage primarily ... Read the full article
Tokio Marine international business profit hits JPY235.4bn in Q2 FY25
19th November 2025
Tokio Marine Holdings has announced its financial results for the second quarter of the 2025 fiscal year, reporting a 6.4% decrease in its international business profits, which reached JPY235.4 billion. This solid performance occurred despite facing significant impacts from the LA wildfires (approximately -JPY24.0 billion) and foreign exchange (FX) effects (approximately ... Read the full article
VIG raises outlook for full year results following ‘outstanding’ Q1-Q3 figures
19th November 2025
Following its "outstanding" Q1–Q3 results, Vienna Insurance Group's management has raised the firm's full-year 2025 pre-tax target from €950 million–€1 billion to €1.10–€1.15 billion. This will come as no surprise to familiar readers, who may recall that back in August, VIG reported that profit before taxes rose to €531.4 million ... Read the full article
Tech-enabled litigation instigation, a new practice destabilising US insurance markets: Demotech
19th November 2025
Systemic, tech-driven lawsuit practices are destabilising insurance markets in the United States, recent research by rating agency and financial analyst Demotech has revealed. Vulnerable property owners hit by natural disasters are facing a "second wave" of distress, not just from the storms, but from a “predatory, covert business model” known as ... Read the full article
Rokstone launches Cyber division and hires Debbie Hobbs
19th November 2025
Rokstone, an international specialty re/insurance managing general agent (MGA), has announced the launch of a dedicated Cyber division, alongside the appointment of Debbie Hobbs. Global demand for Cyber protection continues to rise amid escalating threat activity, tightening regulatory expectations and the growing digital dependency across all sectors. Rokstone’s new unit will ... Read the full article
MS Reinsurance’s combined ratio strengthens as H1’25 net income rises 21%
19th November 2025
Zurich domiciled reinsurer MS Reinsurance (MS Re), part of global insurance group MS&AD, generated a net income of $155 million in the first half of 2025, an increase of $27 million, or 21% on the prior year, as the firm's combined ratio strengthened despite a rise in incurred losses year-on-year. MS ... Read the full article
Aon appoints Vincent Shih as Head of Treaty for Taiwan, Reinsurance Solutions
19th November 2025
Aon’s Reinsurance Solutions, the reinsurance division of global broker Aon, has announced the appointment of Vincent Shih as Head of Treaty Reinsurance in Taiwan. Shih brings more than 18 years of experience in the reinsurance treaty market and is “widely recognised for his deep market knowledge, strong client relationships and commitment ... Read the full article
Sompo International posts higher H1’25 profit with strong reinsurance performance
19th November 2025
Sompo International Holdings Ltd., a specialty provider of property, casualty, and specialty insurance and reinsurance, reported an insurance service profit of $1.038 billion in its first half financial year results, an increase of 75% on the prior year, with the firm highlighting significant growth across all three business segments. For H1'25, ... Read the full article
Alex Gregory joins IQUW London Reinsurance team as Senior Underwriter
19th November 2025
Specialty insurer and reinsurer IQUW has announced the appointment of Alex Gregory as IQUW Senior Underwriter, Specialty Reinsurance in London. The executive, who has joined IQUW from Munich Re Specialty, brings a deep understanding of the reinsurance landscape with a proven record across Terrorism and Political Violence specialty lines. In his new ... Read the full article
Re/insurance industry enters tighter economic regime from position of strength: Swiss Re
19th November 2025
High interest rates, ageing demographics and the return of industrial policy are reshaping the global economy, yet the Swiss Re Institute’s latest sigma report has suggested that the insurance sector enters this tighter regime from a position of strength, supported by strong capital buffers, elevated investment yields and resilient profitability. According ... Read the full article
Lloyd’s approves OAK Global’s Syndicate 1440 for underwriting
19th November 2025
OAK Global, an independent reinsurance group that provides risk solutions and underwriting capacity to clients worldwide, announced that Lloyd’s has granted approval for underwriting to begin through Syndicate 1440. The syndicate will operate within OAK Enterprise, a new strategic business unit that will offer property and specialty retrocession capacity for business ... Read the full article
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