Reinsurance News
Magenta signs capacity deal with Zurich for MNW home insurance
12th November 2025
Magenta, part of DUAL UK, has announced that it has signed a new deal with global insurer Zurich to provide capacity for its mid-net-worth (MNW) home insurance product. The MNW home insurance market has faced persistent challenges of under-insurance and incorrect cover. With inflation and rising values of high-end items, individuals often ... Read the full article
Future California wildfire losses likely to exceed historical data: Willis Re
12th November 2025
Future wildfire losses in California are likely to exceed what recent fire footprints suggest, challenging how the re/insurance industry assesses and prices risk, Daniel Bannister, from Willis Research Network, states in a recent analysis. Two decades of intense fire activity has largely spared the state’s most high-value, highly exposed areas, but ... Read the full article
Florida reforms underpin strong Q3’25 results for American Integrity
12th November 2025
Tampa-based property and casualty insurance holding company, American Integrity Insurance Group, has disclosed gross premiums written of $239.1 million in Q3 2025, an increase of 48.5% compared to the same quarter of 2024. Meanwhile, gross premiums earned in Q3 2025 rose 34.2% to $221.9 million from $165.4 million a year earlier, ... Read the full article
Selective Insurance appoints Nathan Rugge as EVP & Chief Actuary
12th November 2025
Selective Insurance Group, Inc. has announced the appointment of Nathan Rugge, Senior Vice President, Chief Corporate Actuary, Reserving, as its new Executive Vice President (EVP), Chief Actuary. Rugge will assume the role following the retirement of Vincent Senia, effective January 2026. Senia joined Selective in 2010 and has served as EVP, Chief ... Read the full article
Chubb unveils new AI-powered embedded insurance optimisation engine
12th November 2025
Chubb has unveiled a new AI-powered optimisation engine within Chubb Studio, its global technology platform for embedded insurance distribution. Unveiled at the Singapore Fintech Festival, the optimisation engine is designed to help Chubb’s partners boost engagement, strengthen brand loyalty, and drive measurable growth by better aligning protection solutions with customer needs. Chubb ... Read the full article
Latin America’s reinsurance market sees deepening international interest: Howden Re
12th November 2025
Latin America’s reinsurance market is attracting growing international interest, with an influx of new entrants and capital flowing into the region, including a noticeable rise in managing general agents (MGAs), according to Howden Re, the global reinsurance broking arm of Howden Group. As reinsurers meet in Costa Rica for FIDES 2025, ... Read the full article
Lockton Re names Aon’s Mozum Khan as Global Head of Property Innovation & Solutions
12th November 2025
Lockton Re, the reinsurance business of insurance broker Lockton, has appointed Mozum Khan to the newly established role of Global Head of Property Innovation & Solutions, based in Dubai. Most recently, Khan served as Managing Director of Analytics for broker Aon. He has previously held several leadership roles at AXA XL, ... Read the full article
HDI Global appoints John Morrell as Head of Energy & Power Underwriting Middle East
12th November 2025
Corporate & Specialty lines insurer HDI Global has announced the appointment of John Morrell as the new Head of Energy & Power Underwriting Middle East, within its cross-divisional Energy & Power Unit, effective 1 December, 2025. Based in Dubai, Morrell will lead a dedicated team focused on managing complex risks across ... Read the full article
Accenture invests in Lyzr to accelerate agentic AI adoption in financial services
12th November 2025
Accenture, a professional services company specialising in digital transformation, cloud, and artificial intelligence, has announced an investment in Lyzr, an AI innovator that has built a comprehensive enterprise agent infrastructure platform. Made through Accenture Ventures, the investment will strengthen collaboration between the two firms to advance the use of agentic AI ... Read the full article
ABIR members’ contribution to Bermuda’s local economy tops $1.2bn
11th November 2025
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) set a new benchmark in 2024, contributing $1,210,566,922 to Bermuda’s economy, and employing a record number of Bermudians, according to the association's 20th Annual Economic Substance Survey. Last year, the group employed 1,472 Bermudians, spouses of Bermudians, or permanent resident ... Read the full article
Active Re expects retro philosophy shift to deliver measurable benefits
11th November 2025
According to Active Re’s 2024 Annual Report, the global reinsurer is transforming its retrocession approach, moving from a transactional model to a more strategic, integrated framework. This change is designed to improve capital efficiency, optimise cash flow, and strengthen alignment between in-house underwriting and its network of Managing General Agents (MGAs). "Active ... Read the full article
Ambac Financial Group rebrands as Octave Specialty Group
11th November 2025
Ambac Financial Group, Inc. has rebranded as Octave Specialty Group, Inc. (Octave), a global specialty insurance firm, while its Everspan Group businesses will continue to operate under their existing brands. The company will begin trading under its new ticker symbol “NYSE: OSG” on November 20th, 2025, marking the next phase of ... Read the full article
ICIEC and KazakhExport renew quota share treaty agreement for 2025–2026
11th November 2025
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, and KazakhExport, the Export Credit Agency of the Republic of Kazakhstan, have renewed their Quota Share Treaty Reinsurance Agreement. This marks the fifth consecutive renewal of the ... Read the full article
Chubb names Susan Spivak as SVP, Investor Relations
11th November 2025
Property and casualty insurer Chubb Limited has appointed Susan Spivak as Senior Vice President (SVP) of Investor Relations, effective November 17th, 2025. Spivak is an industry veteran with more than two decades of experience in senior investor relations and has served in equity markets roles. She previously led investor relations at The ... Read the full article
Ivans Index reveals premium renewal rates remain up y-o-y but softening clear
11th November 2025
For the third quarter of 2025, average premium renewal rates have increased across all major commercial lines of business year over year, except Workers’ Compensation, according to the latest Ivans Index. However, the overall trend for Q3 2025 was a decrease in the average rate change for most lines of business ... Read the full article
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