Reinsurance News
ISS Sustainability Solutions acquires Sust Global to expand geospatial risk capabilities
11th August 2025
ISS Sustainability Solutions, the sustainable investment division of ISS STOXX, has acquired Sust Global, a provider of geospatial risk modelling and analytics. The move aims to enhance ISS Sustainability Solutions’ ability to offer institutional clients tools to assess asset-level risks tied to climate and environmental factors. Sust Global, founded in 2020, uses ... Read the full article
Swiss Re’s Li joins NormanMax Insurance Solutions to lead Climate & Alternative Risk
11th August 2025
Yong Li has joined NormanMax Insurance Solutions, a Lloyd’s coverholder and parametric re/insurance solutions provider, as President, Climate & Alternative Risk Solutions. With over two decades of experience, Li is a seasoned expert in commodity trading and investment. His background includes asset optimisation, risk management and business development across a wide ... Read the full article
Uzbekistan launches national reinsurer in strategic move to strengthen insurance market: S&P
11th August 2025
Uzbekistan is preparing to launch its first national reinsurance company, the Reinsurance Company of Uzbekistan (RCU), in a move that international credit rating agency S&P Global Ratings describes as strategically important but highly dependent on strong capitalisation and effective execution. The initiative, intended to increase local risk retention and improve the ... Read the full article
Adrees Tinkler to lead Hiscox’s new Alternative Risk Transfer team
11th August 2025
Hiscox, a global specialist insurer, has announced the appointment of Adrees Tinkler from Allianz to lead a new Alternative Risk Transfer (ART) team within its London Market business. Tinkler will be based in London and is set to join Hiscox later this year. The new ART team team will focus on the ... Read the full article
Argo Group’s net income increased 362% to $59m in Q2’25
11th August 2025
Argo Group International Holdings, Ltd. reported a net income of $58.8 million for the second quarter of 2025, marking a significant 362.2% increase compared to $12.7 million in the same quarter a year earlier. Net income attributable to common shareholders was $56.1 million, up notably from $10 million in Q2’24. Total revenue ... Read the full article
IQUW enhances SRCC risk modelling amid rising civil unrest and shifting reinsurance market
11th August 2025
In a Reinsurance News interview, IQUW—a property and specialty re/insurance business—shared insights into how SRCC (strikes, riots, and civil commotion) risks are evolving and how the industry is adapting. Speaking on behalf of the company were Kate Hughes, Underwriter for Political Violence & Terrorism and War, and Matt Hopwood, Man-Made Catastrophe ... Read the full article
TD Bank Group expects $36m in catastrophe claims for Q3’25
11th August 2025
TD Bank Group expects catastrophe claims of approximately $36 million, after reinsurance and before tax, to be reflected in its Wealth Management & Insurance segment results for the third quarter. This is significantly lower than the $186 million in catastrophe claims reported in the third quarter of 2024. In Q2 2025, the ... Read the full article
O’Riordan succeeds Patel as CFO of The Fidelis Partnership
11th August 2025
Conor O’Riordan has been promoted to Group Chief Financial Officer (CFO) at The Fidelis Partnership (TFP), succeeding Hinal Patel, who is leaving the business for health reasons. As CFO, O’Riordan will oversee the financial reporting, planning, treasury, corporate finance and investor relations functions, continuing to work closely with Grahame Dawe (UK ... Read the full article
PIC secures £4.3bn buy-in for Rolls-Royce UK pension fund
11th August 2025
Pension Insurance Corporation plc (PIC), a specialist in insuring defined benefit pension schemes, has finalised a £4.3 billion buy-in with the Rolls-Royce UK Pension Fund. This landmark agreement safeguards the Fund’s outstanding liabilities, ensuring the pensions of 36,000 members—comprising 15,000 current pensioners and 21,000 deferred members—are fully secured. Rolls-Royce PLC is a ... Read the full article
QBE’s net profit hit $1bn in H1’25, GWP grew 6%
11th August 2025
Australian insurer QBE has reported a statutory net profit after tax of $1.02 billion for the first half of 2025, a 27.4% increase from $802 million in the same period a year earlier. Adjusted net profit after tax was $997 million, up from $777 million in H1’24, resulting in an adjusted ... Read the full article
Moody’s raises KlaptonRe’s financial strength rating to Caa1, outlook remains stable
11th August 2025
Moody’s Ratings has upgraded Klapton Reinsurance Limited’s (KlaptonRe) Insurance Financial Strength Rating (IFSR) to Caa1 from Caa2, while maintaining a stable outlook. According to Moody’s, the upgrade reflects KlaptonRe’s significant growth in business and assets outside of Zambia, which has lessened its exposure to the local operating environment and to risks ... Read the full article
Prudential in $4bn longevity reinsurance transaction with NN Life & Pensions
11th August 2025
A subsidiary of Prudential Financial, Inc. has entered into a $4 billion longevity reinsurance risk transfer agreement with NN Life & Pensions, a subsidiary of NN Group, covering around 96,000 policyholders with The Prudential Insurance Company of America. Effective July 1st, 2025, this is the second international longevity reinsurance transaction between ... Read the full article
Aon’s cat risk management survey reveals industry shortfalls and strategic priorities
11th August 2025
Aon, a global insurance and reinsurance broking group, has released its 2025 Catastrophe Risk Management Survey, gathering responses from senior insurance executives on how catastrophe modelling tools are used across key processes such as portfolio management, pricing, and response to natural disasters. The publication of the survey follows Aon’s 1H 2025 ... Read the full article
Global Indemnity’s underwriting income up 61% for Q2’25
11th August 2025
Global Indemnity Group, LLC (GBLI) has reported that current accident year underwriting income grew 61% to $5.6 million for the second quarter of 2025, compared to $3.5 million in the comparable prior year quarter. In Q2’25, the firm recorded continued premium growth, with gross written premiums (GWP) increasing by 6% to ... Read the full article
Chedid Capital launches Momentum Risk Solutions UK as part of European growth strategy
11th August 2025
Chedid Capital, an investment and advisory group in the re/insurance industry, has announced the launch of Momentum Risk Solutions UK, a new Managing General Agent (MGA) headquartered in London. Known for its broad presence in the GCC, Asia, the Middle East, Africa, and Europe, Chedid Capital delivers a wide range of ... Read the full article
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