Reinsurance News
Swiss Re posts 24% rise in net income and 81.1% P&C combined ratio for H1’25
14th August 2025
Healthy underwriting margins across property and casualty (P&C) and life and health (L&H) reinsurance, as well as a solid investment result, helped reinsurance giant Swiss Re generate a 24% year-on-year rise in net income to $2.6 billion for the first half of 2025 with an ROE of 23%, compared with ... Read the full article
Thomas O’Brien joins Canada Life Re as Head of Reinsurance Operations Europe
14th August 2025
Canada Life Reinsurance, a provider of reinsurance solutions for life and health, has announced the appointment of Thomas O'Brien from Hannover Re as CEO CLRe Ireland and Head of Reinsurance Operations Europe, a Dublin-based role. O'Brien is joining the company following a 15-year tenure at Hannover Re, where he most recently ... Read the full article
Kelso completes sale of Accession to Brown & Brown for $9.83bn
14th August 2025
Kelso & Company, L.P., a North American-focused middle-market private equity firm, has completed the sale of its portfolio company Accession Risk Management Group to Brown & Brown in a primarily cash transaction valued at approximately $9.83 billion. Initially announced in June 2025, the deal is one of the largest full private ... Read the full article
Shanghai Asian Insurance Brokers (UK) & Altum Risk secure SIRE authorisation
14th August 2025
Shanghai Asian Insurance Brokers (UK) Ltd, alongside its Appointed Representative Altum Risk Ltd, have been authorised to fully operate on the Shanghai Insurance and Reinsurance Exchange (SIRE) platform. This authorisation, effective from 6 March 2025 to 5 March 2028, allows both companies to delegate representatives to conduct contract negotiations, consultations, data ... Read the full article
Confidence from multiyear track record behind reinsurance overhead cut: Lemonade CEO
13th August 2025
Following Lemonade’s June decision to cut the ceded proportion of its quota share reinsurance from about 55% to 20%, CEO and Co-Founder Daniel Schreiber said the arrangement was used more for capital than risk management, adding that the policies protecting against risk concentration remain materially unchanged. The firm noted at ... Read the full article
AXIS Capacity Solutions launches led by David Murie
13th August 2025
AXIS Capital Holdings Limited, a global specialty underwriter and provider of re/insurance solutions, has launched AXIS Capacity Solutions, a new business unit dedicated to developing and supporting structured and multi-line portfolio capacity deals on both a facilitated and delegated basis. AXIS has appointed David Murie as Head of AXIS Capacity Solutions. ... Read the full article
Mehmet Shukri to lead Aon’s UK Reinsurance Client Services
13th August 2025
Aon, a global insurance and reinsurance broking group, has announced the appointment of Mehmet Shukri as Head of UK Client Services for Aon’s Reinsurance Solutions, effective immediately. In his new role, Shukri will focus on accelerating client value in line with the firm’s global Reinsurance Solutions advocacy proposition, ensuring all Aon ... Read the full article
Slide reports $70m Q2’25 net income with 25% GPW growth
13th August 2025
Slide Insurance has announced its financial results for the second quarter of 2025, reporting a 30.5% year-over-year growth in net income, a 25% increase in gross premiums written (GPW), and an improved combined ratio of 67.4%. For Q2 2025, Slide’s net income stood at $70.1 million, compared to $53.7 million in ... Read the full article
HCI is well positioned in a competitive Florida market: COO Karin Coleman
13th August 2025
Karin Coleman, Chief Operating Officer (COO) at HCI Group, described the environment in Florida as a healthy one, stating that the company is well-positioned in a competitive market with strong capital, as well as “the people and the technology to make the right decisions.” During HCI Group's Q2 2025 earnings call, ... Read the full article
SCOR launches second Ecological Restoration Insurance Solution Product: ‘Manage’
13th August 2025
SCOR has launched 'Manage', the second product in its Ecological Restoration Insurance Solution, which Harmender Singh Kalirai, Chief Transaction Officer at SCOR P&C, described as "the next evolution of the Solution." The Manage product was announced by Jean-Paul Conoscente, CEO of SCOR P&C, during his welcome speech at the inaugural SCOR ... Read the full article
Resilience appoints Michelle Worrall as Global Director of Insurance Product
13th August 2025
Resilience, a provider of cyber risk solutions, has announced the appointment of Michelle Worrall as Global Director of Insurance Product. Based in Chicago, Worrall will report to Maria Long, Chief Underwriting Officer, and will be responsible for expanding Resilience’s insurance products and strengthening its ability to tailor solutions to the evolving ... Read the full article
Lockton appoints Marrero President, Chief Growth Officer for US operations
13th August 2025
Lockton, a global independent insurance brokerage, has announced the appointment of Hiram Marrero as President, Chief Growth Officer for its U.S. operations, a Florida-based role. In this newly established role, Marrero will leverage his 25 years of insurance experience to support Lockton’s US growth strategy, aligned to geographical and industry expansion, ... Read the full article
IAG’s net profit rises 51.3% to A$1.4bn in FY’25
13th August 2025
Australian insurer IAG has reported a net profit after tax of A$1.4 billion for the full 2025 financial year, a 51.3% increase compared to A$898 million in FY24. The company attributed the rise in net profit to higher net earned premiums, increased insurance profit, stronger investment income on shareholders’ funds, and ... Read the full article
Advent to acquire Sapiens for $2.5bn
13th August 2025
Advent, a leading global private equity investor, has entered into a definitive agreement to acquire Sapiens International Corporation N.V., a provider of software solutions for the insurance industry, for $43.50 per common share, in an all-cash transaction that values Sapiens at an equity value of approximately $2.5 billion. Under the terms ... Read the full article
Dynamic Re strengthens leadership to support global expansion
13th August 2025
Dynamic Re, a global underwriting firm providing reinsurance solutions to clients and partners worldwide, is expanding its operations and updating its leadership structure to support this growth. Francisco Hernández has been appointed Global CEO, overseeing operations in Latin America, the Middle East and North Africa, Spain, and soon London. He will lead ... Read the full article
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