Reinsurance News
Swiss Re urges vigilance amid geopolitical, economic, and climate risks
15th August 2025
In their mid-year letter to shareholders, reinsurance company Swiss Re’s Chairman Jacques de Vaucleroy and Group Chief Executive Officer, Andreas Berger stressed the importance of maintaining vigilance, even in a period of strong operational performance. They pointed out that 2025’s outlook remains unsettled, shaped by geopolitical tensions and macroeconomic uncertainty, which ... Read the full article
Willis appoints Azad Kumar as Growth Leader of Energy, Construction & Marine in India
15th August 2025
Willis, a WTW business, has announced the appointment of Azad Kumar as Growth Leader for Energy, Construction, and Marine in India. Based in Mumbai, Kumar will play a key role in shaping Willis’ specialisation strategy and supporting clients in the Energy, Construction, and Marine sectors. Kumar brings over 26 years of industry ... Read the full article
B.P. Marsh commits $5m to new XPT reinsurance venture
15th August 2025
B.P. Marsh & Partners Plc, a London-listed investment firm specialising in early-stage and niche financial services businesses, has agreed to invest up to $5 million in Gambit Risk Finance LLC, a newly created reinsurance company tied to its US portfolio business, XPT Group LLC. Gambit Re is intended to provide limited ... Read the full article
HDI Global appoints Fellipe Aguiar as Head of Energy & Power Underwriting U.S.
15th August 2025
HDI Global Insurance Company, the U.S. carrier of HDI Global SE, has appointed Fellipe Aguiar to the newly created role of Head of Energy & Power Underwriting U.S. for its cross-division Energy & Power Unit. Aguiar’s team will manage complex risks across downstream and midstream energy, chemicals, conventional power, and renewable ... Read the full article
PCRIC makes $285,000 payout to Samoa for tsunami recovery
15th August 2025
The Pacific Catastrophe Risk Insurance Company (PCRIC), a donor funded entity established to provide Pacific Island nations with access to disaster risk insurance and related services, has made a payout of $285,000 under the tsunami component of its parametric insurance policy to Samoa due to a tsunami warning that was ... Read the full article
Healthy & constructive market environment needs to be the new norm: Swiss Re CEO
14th August 2025
Andreas Berger, Group Chief Executive Officer (CEO) of reinsurance giant Swiss Re, said this morning that the current healthy and constructive reinsurance market environment needs to be the new normal as companies must earn their cost of capital. After posting a 24% rise in net income and strong underwriting profitability ... Read the full article
Third Point secures 67% shareholder support for Malibu Life Re acquisition
14th August 2025
Third Point LLC (TPIL ), a New York-based alternative asset manager, has secured shareholder approval for its acquisition of Malibu Life Reinsurance SPC, a life and annuity reinsurance platform. The vote, which took place at the firm’s extraordinary general meeting (EGM), resulted in 67% of shareholders voting in favour of the ... Read the full article
Insurtech Gateway secures Lloyd’s Broker status
14th August 2025
Insurtech Gateway, a specialist insurtech incubator, has received authorisation to trade within the specialist Lloyd’s market, the world's oldest insurance and reinsurance marketplace. This milestone strengthens Insurtech Gateway’s platform for supporting early-stage MGAs, particularly those addressing emerging risks in underserved or rapidly evolving markets. Historically, securing underwriting capacity has been a major ... Read the full article
PartnerRe names Brian Newman as Chief Data and Operations Officer, L&H
14th August 2025
Bermuda-based reinsurer PartnerRe has announced the appointment of Brian Newman as Chief Data and Operations Officer, Life & Health (L&H). Newman brings extensive experience to the role, having spent six years at Hannover Life Re US, where he most recently served as Senior Vice President, Operations following his tenure as Vice ... Read the full article
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
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