Reinsurance News
Canadian Personal Auto & Property rates increase in Q3’25: Applied Systems
11th November 2025
The third quarter 2025 results of Applied Systems’ Applied Rating Index show that average premiums for both personal auto and personal property lines in Canada increased year over year. In Q3’25, the personal auto premium rate change increased 15.5% compared to Q3’24, while increasing 5.3% when compared to Q2’25. Meanwhile, for the ... Read the full article
Prestige Underwriting promotes Carl McComb to Underwriting & Pricing Director
11th November 2025
Prestige Underwriting, a specialist managing general agent (MGA), has announced the promotion of Carl McComb to Underwriting and Pricing Director. In his new role, McComb will set the firm’s underwriting strategy, develop and implement strategic guidelines for risk assessment and pricing, and lead multidisciplinary teams that build, validate, and refine pricing ... Read the full article
Davies to acquire Canada’s SCM Insurance Services
11th November 2025
Davies, a specialist professional services and technology firm serving the insurance market, has signed an agreement to acquire SCM Insurance Services (SCM), Canada’s largest claims processing and risk solutions provider. As part of this acquisition, SCM’s three operational entities will be integrated into the Davies global platform, these include ClaimsPro, Canada’s ... Read the full article
Howden agrees to acquire Evelyn Partners Financial Services
11th November 2025
Howden, an insurance and risk advisory group, has agreed to acquire Evelyn Partners Financial Services Limited, the employee benefits consultancy division of Evelyn Partners, a UK-based wealth management and professional services firm. The acquisition is intended to expand Howden’s employee benefits and corporate health services in the United Kingdom. Completion of ... Read the full article
Gallagher Re hires RenRe’s Lowry as Exec Dir, Global Credit, Surety & Political Risk Product
11th November 2025
Global reinsurance brokerage Gallagher Re has announced the appointment of Alexander Lowry as Executive Director, Global Credit, Surety and Political Risk Product. “Alex brings extensive experience in underwriting Credit, Surety and Political Risk Treaty reinsurance, as well as Structured Credit insurance. His expertise will further strengthen our global capabilities and support ... Read the full article
FutureProof Technologies to enhance wildfire coverage with Terrafuse AI acquisition
11th November 2025
FutureProof Technologies, a venture-backed insurtech startup, has entered into a definitive agreement to acquire Terrafuse AI, a provider of wildfire risk analytics. The acquisition combines FutureProof’s AI-powered underwriting and pricing platform with Terrafuse’s patented wildfire prediction technology, creating a comprehensive platform to deliver next-generation insurance coverage in wildfire-affected states. Following the devastating ... Read the full article
Munich Re estimates mid-triple digit million EUR loss from Hurricane Melissa
11th November 2025
Despite it still being early days, Christoph Jurecka, Chief Financial Officer at Munich Re, has estimated that the firm's losses related to Hurricane Melissa will reach the mid-triple-digit million-euro range. During Munich Re’s Q3 2025 earnings call, Jurecka said, “Melissa, our current assumption is that it will be a mid-triple ... Read the full article
Ambac’s insurance distribution segment reports 40% rise in organic revenue growth for Q3’25
11th November 2025
Insurance holding company Ambac Financial Group, Inc. has reported organic revenue growth of 40% in its Insurance Distribution segment, as total revenue grew by 80% to $43 million for the quarter, compared to $24 million in Q3’24. For the Insurance Distribution segment, the net loss to shareholders is reported at $5 ... Read the full article
Hiscox Syndicates raise profit forecasts for 2024 account
11th November 2025
International specialist insurer Hiscox has released updated estimates for Syndicate 33’s and Syndicate 6104’s 2023 and 2024 accounts. For the 2023 year of account, Hiscox now estimates that Syndicate 33 will generate a return of 12% to 22% on its capacity of £1.699 billion, of which Hiscox holds a 73% share. This ... Read the full article
Aon launches AI-enabled platform Claims Copilot
11th November 2025
Insurance and reinsurance broking firm Aon has launched Claims Copilot, an artificial intelligence-enabled single, integrated platform to enhance client outcomes, bringing together expert advocacy and advanced technology. Aon Claims Copilot reflects the broker’s commitment to delivering excellent claims services to clients, as the new platform supports every stage of the claim’s ... Read the full article
Lockton expands into Saudi Arabia, names Al Abdul Jabbar CEO of retail
11th November 2025
Lockton, an independent insurance broker, has expanded its operations into the Kingdom of Saudi Arabia and appointed Mohammad Al Abdul Jabbar as Chief Executive Officer (CEO) for its retail operations in the region. This expansion is part of the broker's broader international strategy to strengthen its presence across the Middle East, ... Read the full article
Munich Re confirms €6bn annual guidance as net result rises 12% to €5.2bn in 9M’25
11th November 2025
Munich Re, one of the world's largest reinsurance companies, has confirmed its annual guidance of €6 billion for the 2025 financial year, after generating an improved net result for both the third quarter and first nine months of the year, with a strong performance across the business. Group-wide, the Q3'25 net ... Read the full article
Parametric reinsurance gains momentum as Jamaica sees rapid hurricane payouts
11th November 2025
Willis Re, a specialised reinsurance broker, reports that two parametric risk transfer deals have recently drawn attention after confirming swift payouts to Jamaica. Hurricane Melissa activated the country’s $150 million World Bank sovereign bond, which had notably defaulted after Hurricane Beryl the previous year. At the same time, the Caribbean Catastrophe ... Read the full article
U.S. Risk and Safehold Special Risk combine to launch new brand IGP Specialty
11th November 2025
U.S. Risk, a specialty lines underwriting manager and wholesale broker, and program administrator, Safehold Special Risk, are combining business operations under a new unified brand, Innovation Growth Partners Specialty, LLC (IGP Specialty). The merger brings together a combined legacy of more than 40 years, with its new brand designed to reflect ... Read the full article
Berkshire (BHSI) appoints Frederic de Blieck as Country Manager, Belgium
11th November 2025
Berkshire Hathaway Specialty Insurance (BHSI), a commercial property and casualty insurer that provides tailored solutions to businesses of all sizes, has appointed Frederic de Blieck as Country Manager for Belgium, continuing in his current role as Head of Executive & Professional (E&P) Lines for the country. De Blieck, who joined BHSI ... Read the full article
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