Reinsurance News
Price Forbes’ George Brooke joins New Dawn Risk as Senior Broker
10th November 2025
Specialist Lloyd’s broker New Dawn Risk has appointed George Brooke as a Senior Broker within its Management Liability & Financial Institutions team. In his new role, Brooke will be based in London and report to Jack Keilty, Head of Management Liability & Financial Institutions. He will play a key role in ... Read the full article
Kingstone’s Q3’25 net income increases 56%, reports CoR of 72.7%
10th November 2025
P&C insurance holding company Kingstone Companies has released its financial results for the third quarter of 2025, reporting a net income of $10.9 million, a 56% increase from the $6.9 million seen a year earlier. Kingstone’s net combined ratio was up 0.7 pts in Q3 2025, to 72.7% from 72.0% in ... Read the full article
Hiscox report reveals widespread underinsurance among SMEs
10th November 2025
Specialist insurer Hiscox has published its first Global Protection Gap Report, highlighting the persistent issue of underinsurance among small and medium-sized enterprises (SMEs). According to Hiscox, nearly three-quarters of small businesses worldwide are unnecessarily exposed to risk due to insufficient insurance coverage. SMEs account for around 50% of global economic activity, making ... Read the full article
IAG receives 10,000+ claims from recent severe weather events
10th November 2025
There have recently been several significant weather events across Queensland, New South Wales, and Victoria, with Australian insurer IAG receiving over 10,000 claims—primarily related to motor and property hail damage—while its strong reinsurance protections have helped limit the financial impact. Commenting on the recent weather events, Nick Hawkins, Managing Director and ... Read the full article
Riyadh Re to launch in Saudi Arabia as IA license received
10th November 2025
The Cooperative Insurance Company (Tawuniya) has obtained the necessary license from the Insurance Authority (IA) to establish its new, wholly-owned subsidiary, Riyadh Reinsurance Company (Riyadh Re). Headquartered in Riyadh and incorporated on November 4th, 2025, Riyadh Re is entering the market with a strong capital base of SAR 550 million (approximately ... Read the full article
WWF urges global leaders at COP30 to integrate climate and nature into financial resilience strategies
10th November 2025
The World Wide Fund for Nature (WWF), an independent conservation organisation, is calling on policymakers and financial regulators gathering at COP30 to place climate and nature action at the centre of financial resilience strategies. In a new policy brief focused on advanced economies, WWF warns that escalating climate impacts and the ... Read the full article
Conduit Re optimises portfolio mix to strengthen underwriting resilience
10th November 2025
Conduit Holdings, the Bermuda-based reinsurer and specialty insurance group, outlined a measured approach to portfolio management and risk alignment during its Q3 2025 earnings call. Chief Executive Officer Neil Eckert and Chief Financial Officer Elaine Whelan discussed how the business is adapting its underwriting strategy, capital position, and investment portfolio as ... Read the full article
Marco Araldi named CEO of Marsh McLennan Italy
10th November 2025
Global insurance and reinsurance broker Marsh McLennan has announced the appointment of Marco Araldi as Chief Executive Officer (CEO) of Marsh McLennan Italy, effective January 2026. Araldi succeeds Andrea Bono, who has been appointed CEO of Marsh McLennan in India, the Middle East, and Africa. Based in Milan, Araldi will report to ... Read the full article
HCI’s Q3’25 gross premiums earned rise by 13% to $301.1m
10th November 2025
HCI Group, Inc., a Tampa-based holding company primarily engaged in property and casualty insurance through its subsidiaries, reported a 13% rise in gross premiums earned for the third quarter of 2025 to $301.1 million from $265.5 million in Q3’24, driven by a higher volume of policies in force. For the quarter, ... Read the full article
Willis expands GB Facultative Division with senior leadership appointments
10th November 2025
Willis, a WTW business, has announced three senior appointments to its Direct and Facultative team in Great Britain. The additions of Fiona Kerr, David Watson, and James Kelly highlight the firm’s focus on expanding its global facultative expertise and delivering customised solutions for clients. Kerr joins Willis from Aon as Head of ... Read the full article
Gallagher Re partners with NTU Singapore to establish Asia Hazards Program
10th November 2025
Global reinsurance brokerage Gallagher Re has strategically partnered with Nanyang Technological University, Singapore (NTU Singapore), ranked among the world’s top universities, to establish the Gallagher Re Asia Hazards Program and co-fund three PhD scholarships. The program was launched in partnership with the Asian School of the Environment (ASE) and the Earth ... Read the full article
UN insurance forum advocates establishing international taskforce on climate risk
10th November 2025
The United Nations Environment Programme (UNEP) hosted the Forum for Insurance Transition (FIT), which recommended establishing an International Taskforce on Climate Resilience and Transition Insurance. This taskforce would unite insurers, the broader financial sector, regulators, governments, businesses, civil society, and international organisations. The COP30 Insurance Communiqué, titled “Insuring the Transition,” urges a ... Read the full article
Hannover Re expects three digit loss for Hurricane Melissa but says will land below unused Q3 budget
10th November 2025
Global reinsurer Hannover Re expects to book a three digit loss for Hurricane Melissa, but is confident that its share of loss from the event will be less than the roughly €450 million of unused third quarter large loss budget. This morning, Hannover Re reported net expenditures for large losses ... Read the full article
Thomas Randall promoted to Company Secretary of ASIC U.S.
10th November 2025
AM Specialty Insurance Company (ASIC), an excess and surplus (E&S) insurance firm and an accredited reinsurer, has promoted Thomas Randall to Company Secretary of AM Specialty Insurance Company (ASIC U.S.). This promotion aligns with the re/insurer's commitment to developing talent from within and strengthening its legal and governance capabilities. In his new ... Read the full article
Willis launches Asian Data Centre Practice led by Lay See Ong
10th November 2025
Willis, a business of insurance and reinsurance broker WTW, has established a dedicated Data Centre Industry Practice for Asia, with Lay See Ong appointed to lead the new unit as Practice Leader in Asia, based in Singapore. This new role is in addition to Lay See's existing position as a Strategic ... Read the full article
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