Reinsurance News
QIC reports 17% increase in premiums in H1’25 to QAR 5.7bn
14th August 2025
Qatar Insurance Company (QIC Group) has reported an increase of 17% year on year in gross written premiums (GWP) to QAR 5.7 billion in the first half of 2025, as it continued to enhance the risk diversification of its underwriting portfolio, growing its premiums in personal lines, health, marine and ... Read the full article
LMA members advised to review Russian oil exposures
14th August 2025
The Lloyd’s Market Association (LMA) has advised its member insurers to review their exposures to Russian oil in response to upcoming changes to the Oil Price Cap regime for the UK and EU. The Oil Price Cap is a sanctions regime run by the G7, the EU and Australia, designed to ... Read the full article
Matthew Kirk to succeed Peter J. Vogt as CFO at AXIS Capital
14th August 2025
AXIS Capital has revealed that Matthew Kirk will succeed Peter J. Vogt as the firm's Chief Financial Officer, effective March 2026. As part of a planned leadership transition, Vogt will act as a strategic advisor to AXIS Capital through the end of 2026 to support a smooth transition. Kirk, who presently serves ... Read the full article
Disciplined capital deployment & underwriting key as reinsurance market enters period of sustained profitability: AM Best
14th August 2025
As the global reinsurance market enters a period of sustained profitability and stability, disciplined capital deployment and strong underwriting remain crucial, a recent AM Best report has revealed. The Best’s Market Segment Report, “Reinsurers’ Disciplined Capital Deployment and Underwriting Remain Key Foundations,” highlights a significant market recalibration that began in early ... Read the full article
Suncorp reports $1.8bn profit in FY2025
14th August 2025
Australian insurer Suncorp Group has revealed that net profit after tax (NPAT) for FY2025 was $1.823 billion, up from $1.197 billion in 2024, while cash earnings increased to $1.486 billion from $1.372 billion. According to the firm, FY2025 NPAT included $252 million from the one-off gain on sale of Suncorp Bank ... Read the full article
Lamb to lead Atrium’s new Credit and Political Risk team
14th August 2025
Atrium, a specialty insurance group at Lloyd’s, has entered the Credit and Political Risk market with the appointment of a new team led by Richard Lamb. Lamb will be joined by Beth MacGregor and Adam Vulliamy. Together, they aim to create one of London’s best-regarded Credit and Political Risk teams, Atrium ... Read the full article
Sollers establishes first permanent US office in Chicago
14th August 2025
Sollers Consulting, a software integrator and operational advisor, has opened its first permanent office in the United States, in Chicago, marking a significant milestone as it expands its footprint into the world’s largest insurance market. The US expansion reflects the company’s commitment to supporting insurers in their digital journeys, particularly as ... Read the full article
L&G’s 2025 global PRT monitor signals £1tn market opportunity
14th August 2025
Legal & General Group plc, a UK-based multinational financial services company specialising in insurance, asset management, and retirement solutions, has released its 2025 Global Pension Risk Transfer (PRT) Monitor. The report forecasts that over the next decade, up to £1 trillion in pension liabilities could be transferred to insurers across global ... Read the full article
Sompo’s global reinsurance CoR improves on lower CAT losses in Q1 FY’25
14th August 2025
Sompo Holdings, Inc. has posted results for its overseas insurance/reinsurance business for the first quarter of the 2025 financial year, reporting a global reinsurance combined ratio of 85.8%, down 10.9 points from 96.7% a year earlier, due to better-than-expected CAT loss experience. Commercial insurance CoR increased 5.2 points to 93.9% from ... Read the full article
Vesttoo bankruptcy creditors file lawsuit against Aon and China Construction Bank
14th August 2025
The Vesttoo Creditors Liquidating Trust, an independent fiduciary appointed by the U.S. Bankruptcy Court for the District of Delaware, has filed a complaint in the Court against Aon, China Construction Bank, and certain entities and individuals for alleged fraudulent conduct and other wrongdoing that "inflicted devastating losses upon the insurance ... Read the full article
Verisk names Spear CTO of Extreme Event Solutions
14th August 2025
Verisk, a global data analytics and technology provider, has announced the appointment of Eric Spear as Chief Technology Officer (CTO) for Verisk’s Extreme Event Solutions. “We’re thrilled to welcome Eric to Verisk,” said Rob Newbold, president of Extreme Event Solutions at Verisk. “His experience in predictive analytics and risk modelling and ... Read the full article
Aviva grows operating profit 22% to £1.1bn in H1’25
14th August 2025
British insurer Aviva has reported an operating profit of £1.1 billion in the first half of 2025, representing a 22% increase from £875 million in the same period a year earlier. General insurance premiums increased 7% to £6.3 billion in H1’25 from £6 billion in H1’24. By region, UK&I General Insurance premiums ... Read the full article
Adverse aviation ruling and California wildfires push Fidelis to H1’25 loss
14th August 2025
Despite a $22.8 million H1 2025 net loss and a 110.1% combined ratio stemming from the English High Court’s Russia aviation ruling and California wildfires, Fidelis’s CEO has said the lessor policy dispute is effectively resolved, with only minimal exposure remaining. The court case centred on claims under aviation hull ... Read the full article
Talanx generates record net income for H1’25 of €1.4bn
14th August 2025
European insurer and parent of large reinsurer Hannover Re, Talanx Group, has generated a record half-year 2025 net income of €1.37 billion, compared to €1.09 billion in the same period last year, representing 26% growth, leading the firm to raise its net income forecast for 2025 to roughly €2.3 billion. The ... Read the full article
AXA & MOTOGO launch new typhoon parametric and cross-boundary travel insurance
14th August 2025
AXA Hong Kong and Macau and MOTOGO have partnered to launch two new insurance solutions, typhoon parametric and cross-boundary travel. These two innovative insurance solutions will be provided at no cost to eligible MOTOGO members under Dah Chong Hong Motors. The 'Tropical Cyclone Coverage', is considered the market's first typhoon parametric insurance. ... Read the full article
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