Reinsurance News
Ian Davis to lead the Vermont Captive Insurance Association as President
21st August 2025
The Vermont Captive Insurance Association (VCIA), a global captive insurance trade association, has announced the appointment of Ian Davis as its new President. A highly respected leader, Davis brings to his new role over a decade of industry experience in the captive insurance sector. With a diverse background spanning both public and ... Read the full article
Favourable market conditions drive peak P&C profitability for European reinsurers: Fitch
20th August 2025
Fitch Ratings has reported that property and casualty (P&C) reinsurance has reached peak profitability, with a record low average combined ratio of 81.5% for Europe's big four reinsurers. This “reflects healthy attritional performance and a low natural cat loss ratio for all reinsurers as market conditions remain favourable.” Reinsurers benefitted from a ... Read the full article
ZhongAn Online net profit soars over 1,100% in H1’25
20th August 2025
China’s largest online-only insurer, ZhongAn Online P&C Insurance Co., Ltd., reported a net profit attributable to shareholders of RMB 668 million (~USD 93 million) in the first half of 2025, soaring 1,103.5% year over year. The company attributed this surge to stable investment returns and a historic turnaround in its digital ... Read the full article
Philippine insurers FPG and Mercantile announce merger
20th August 2025
FPG Insurance Co Inc (FPG) and The Mercantile Insurance Co Inc, two of the largest non-life insurance providers in the Philippines, have announced their plans to merge, forming FPG Mercantile. With a combined GWP of PHP 10 billion, FPG Mercantile is set to become a new non-life insurance powerhouse in the ... Read the full article
KCC identifies US coastal cities at risk of $100bn hurricane losses
20th August 2025
Karen Clark & Company (KCC), a provider of catastrophe risk modelling, has examined the likelihood of hurricanes causing insured losses exceeding $100 billion in the United States, highlighting the most vulnerable regions and what these exposures mean for the insurance industry. According to Karen Clark & Company’s analysis, hurricane losses are ... Read the full article
ADB, UNCDF, UNDP to create parametric climate insurance for MSMEs in Fiji
20th August 2025
The Asian Development Bank (ADB), the United Nations Capital Development Fund (UNCDF), and the UN Development Programme (UNDP) have partnered to develop parametric insurance solutions for extreme weather for micro, small, and medium-sized enterprises (MSMEs) in Fiji. The Asia-Pacific Climate Finance Fund (ACliFF), a multi-donor trust fund established in April 2017, ... Read the full article
Chaucer goes live with WCL’s Alternate Solution ahead of Blueprint 2
20th August 2025
Chaucer Group is now live with Web Connectivity Limited’s (WCL) messaging solution Alternate, in preparation for Blueprint 2, the transformation project in the London market that plans to update the central market messaging infrastructure. Alternate will allow Chaucer to process 'unsupported' messages from Velonetic, an insurance technology solutions provider. Hayley Spink, Chaucer ... Read the full article
ASR accredited to offer reinsurance capacity in Rwanda
20th August 2025
Africa Specialty Risks (ASR), a developing markets-focused re/insurance group, announced it will now offer reinsurance capacity and support to the Rwandan insurance market, following accreditation by the National Bank of Rwanda (NBR). This significant and unitary accreditation applies to the entire ASR Group, which includes ASR Re, our Lloyd's Syndicate 2454 ... Read the full article
Rising wildfire risk puts millions of western US homes in danger: Cotality
20th August 2025
Wildfires, once primarily associated with a seasonal pattern, are now a year-round threat across the Western United States, according to the 2025 Cotality Wildfire Risk Report: Priced Out & Burned Out. The report, released today by Cotality, a provider of property data and analytics solutions, highlights the growing vulnerability of homes ... Read the full article
Reinsurance market will continue to thrive in 2025 despite modest softening: AM Best
20th August 2025
AM Best has noted that the property reinsurance market remains stable at mid-year 2025, with modest softening appearing at the highest attachment layers, yet the agency expects overall conditions to remain robust through year-end. Following years of subpar underwriting and not covering the cost of capital, the recalibration of the January ... Read the full article
Ventis expands capacity to £70m per location
20th August 2025
Ventis, a commercial and residential real estate MGA, has increased its underwriting limits and can now cover single buildings or assets up to £70 million per location. Despite the higher limits, Ventis is committed to keeping things simple. The company continues to prioritise clear processes and swift decision-making, so brokers and ... Read the full article
Coalition launches its Active Cyber Insurance in France
20th August 2025
Coalition, an active insurer focused on preventing digital risks, has announced the launch of its Active Cyber Insurance in France through its subsidiary, Coalition Insurance Solutions GmbH. With capacity provided by Allianz Commercial via Allianz Global Corporate & Specialty SE (AGCS) - in a multi-year agreement - Active Insurance is now ... Read the full article
Rokstone Agriculture launches equine mortality product line with new capacity
20th August 2025
Rokstone Agriculture, a MGU specialising in agriculture and livestock, part of re/insurance MGA Rokstone, has secured new capacity to launch a new equine mortality product line for the US market across 19 states. The new product has USD 1,000,000 in admitted capacity came from Professional Solutions Insurance Company (PSIC). This move is ... Read the full article
QBE promotes Virginie Massé to Head of European Claims
20th August 2025
Australian insurer QBE has announced the promotion of Virginie Massé to Head of European Claims, effective 1st September 2025. In her new role, Massé will remain based in Paris and report to Mike East, Claims Director at QBE European Operations (EO). She brings 25 years of experience in claims and has spent ... Read the full article
Aon names Tony DeMarco as Reinsurance MD
20th August 2025
Aon, a global insurance and reinsurance broking group, has hired Tony DeMarco from Gallagher Re as Managing Director within its Reinsurance Solutions division, based in New York. In his new role, DeMarco will support the design and execution of casualty placements, drawing on his analytical foundation and international experience. He has over ... Read the full article
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