Reinsurance News
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
Convex Insurance’s Theo Butt elected as Chair of the IUA
10th November 2025
The International Underwriting Association (IUA), the representative body for re/insurers in the London company market, has announced that Theo Butt, Chief Executive Officer, UK at Convex Insurance, has been elected as its new Chair, effective January 1st 2026. Butt succeeds Claire McDonald, Chief Executive Officer of Scor Business Solutions, who is ... Read the full article
Human error causes 60% of cyber insurance incidents and businesses losing days of operations: HDI Global
10th November 2025
In its latest report, HDI Global, an international industrial insurer based in Hannover, analyses how companies can better manage cyber exposure and strengthen resilience. The report draws on the expertise of David Bartolini, Head of Cyber Risk Engineering Tech at HDI, who oversees the insurer’s global cyber risk engineering activities and ... Read the full article
Allianz Trade appoints William Whittington as Global Head of Specialty Credit & Mid Term
10th November 2025
Allianz Trade, a trade credit insurance provider, has announced a leadership update within its Specialty Credit & Mid Term division. William Whittington, who has been Head of Region for Specialty Credit & Mid Term, has been appointed Global Head of Specialty Credit & Mid Term. He succeeds Christophe White, who is ... Read the full article
Hannover Re lifts full year ’25 guidance to €2.6bn as 9M’25 combined ratio strengthens
10th November 2025
Hannover Re, one of Europe's big four reinsurers, has raised its full year 2025 net income guidance by €200 million to €2.6 billion on the back of a strong performance in the first nine months of the year, during which net income increased by 7.7% to €2 billion with a ... Read the full article
Acrisure appoints Aaron Radelet as Chief Corporate Affairs Officer
10th November 2025
Global fintech Acrisure has announced the appointment of Aaron Radelet to the newly created role of Chief Corporate Affairs Officer. In this role, Radelet will oversee the company’s global corporate brand and reputation strategy, including communications, public affairs, corporate citizenship, and events. He will serve on Acrisure’s leadership team and report to ... Read the full article
Mission to launch eighth UK MGA, Lumara Insurance
10th November 2025
Mission, the global Managing General Agent (MGA) incubator, has reached an agreement to support a new team in launching a UK commercial combined MGA, Lumara Insurance, in the fourth quarter of 2025. The MGA, led by industry veterans David Aslin and Mark Greig, will specialise in Business Insurance and Motor Trade ... Read the full article
Testudo appoints Peter Wedge as General Counsel
10th November 2025
Testudo, a technology and data company underwriting artificial intelligence (AI) risks, has announced the appointment of Peter Wedge as General Counsel. Launched in 2024, Testudo underwrites AI risks using active litigation monitoring and real-time data. Its AI Risk Engine ingests, tags, and models data to power best-in-class risk management and underwriting ... Read the full article
AM Best rates new Labuan based Chinese reinsurer Zhibao Re
10th November 2025
AM Best, the credit rating agency, has assigned Zhibao Labuan Reinsurance Company Limited (Zhibao Re) of Malaysia a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good), with a stable outlook. According to AM Best, these ratings reflect the company’s strong balance sheet, adequate operating ... Read the full article
Canada Life Re reports 20% increase in base earnings to $265m for Q3’25
7th November 2025
Canada Life Reinsurance, the Capital and Risk Solutions (CRS) reinsurance business of Great-West Lifeco, had a strong third quarter in 2025 with base earnings up 20% from the prior year quarter to $265 million. Alongside the increase in base earnings year-on-year, Canada Life Re's net earnings hit $280 million in Q3'25, ... Read the full article
Canadian P&C insurers seek ways to transfer rising cat risk: Morningstar DBRS
7th November 2025
Morningstar DBRS has highlighted that while Canadian property and casualty (P&C) insurers remain robust, with strong capital margins and growth potential, they face a rising threat from natural catastrophes and the losses these events can cause. At Credit Outlook Toronto 2026, Marcos Alvarez, Managing Director of Global Financial Institution Ratings at ... Read the full article
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