Reinsurance News
Berenberg highlights potential for increased M&A activity among reinsurers amid slowing growth
5th August 2025
Berenberg, a European investment bank and asset manager, has noted that mergers and acquisitions (M&A) could become increasingly appealing to large reinsurers. This comes amid expectations that organic growth may slow due to rising competition in the sector. The suggestion is notable, given that M&A activity in the reinsurance industry has ... Read the full article
Grupo ilao strengthens presence in Colombia with 21 brokerage acquisitions
5th August 2025
Chariot & Castle Seguros, a property and casualty insurance brokerage operating in Colombia under the name Grupo ilao, has announced the successful acquisition of 21 insurance brokerages across seven Colombian cities over the past two years. This strategic expansion positions the company among the top five insurance brokerages in the country. The ... Read the full article
Moody’s upgrades outlook on ASR Re to positive, affirms Baa1 rating
5th August 2025
Credit rating agency Moody’s Ratings has upgraded the outlook on ASR Re Limited’s Baa1 insurance financial strength rating from stable to positive; ASR Re, a Bermuda-based reinsurer, operates as part of Africa Specialty Risks (ASR), a group providing tailored corporate and specialty insurance solutions across Africa and the Middle East. The ... Read the full article
hx unveils Portfolio Intelligence, as it aims to become the key pricing & underwriting platform for C&S: Jamie Wilson
5th August 2025
Off the brink of hyperexponential (hx) announcing the launch of a new core product offering, Platform Intelligence, Reinsurance News spoke with Jamie Wilson, Vice President of Growth at hx, about the company’s new product and what key benefits it's set to bring towards the insurance and reinsurance sector. Portfolio Intelligence, which ... Read the full article
Aon appoints Jo Ann Jenkins to its Board of Directors
5th August 2025
Aon, a global insurance and reinsurance broker, has announced the appointment of Jo Ann Jenkins to its Board of Directors, effective August 15th, 2025. Jenkins most recently served as CEO of AARP, a nonprofit, nonpartisan membership organisation dedicated to social change and helping people 50 and over to improve the quality ... Read the full article
Progressive fortifies cat reinsurance program in Q2’25
5th August 2025
US insurer Progressive has announced the successful renewal of its catastrophe reinsurance arrangements in the second quarter of 2025, reinforcing its protection against significant weather events. The renewed programs, which address the company’s risk tolerance, include new reinsurance contracts under the company’s per occurrence excess of loss program for its personal ... Read the full article
Lloyd’s hires Stephane Flaquet from Hiscox as Chief Operating Officer
5th August 2025
Lloyd's, the world's oldest insurance and reinsurance marketplace, has named Stephane Flaquet as its new Chief Operating Officer (COO), signalling the end of his 15-year tenure at global re/insurer Hiscox. Flaquet joins Lloyd's on September 1st, 2025, and will become a member of the Lloyd's Executive Team, reporting directly to Patrick ... Read the full article
Palomar’s net income expands to $46.5m in Q2’25
5th August 2025
Palomar has reported a net income of $46.5 million for Q2 2025, up from $25.7 million in Q2 2024, while its combined ratio improved to 78.8%. At the same time, the firm's gross written premiums increased 28.8% to $496.3 million in Q2 2025, and net earned premiums increased 47.2%. Palomar's Q2 2025 ... Read the full article
Chubb appoints Michael Babington as Head of Claims, EMEA
5th August 2025
Global insurer Chubb, has announced the appointment of Michael Babington as Head of Claims for Europe, Middle East and Africa (EMEA), effective 1 November 2025. Babington succeeds Richard Shanks, who will continue in the role until November. In his new role, based in London, Babington will oversee the strategy and delivery of ... Read the full article
UK P&I Club introduces UK fixed to support small vessel owners with tailored coverage
5th August 2025
The UK P&I Club, a provider of Protection & Indemnity insurance to the global shipping industry, has introduced UK Fixed, a Fixed Premium Protection & Indemnity (P&I) product specifically designed for owners of smaller vessels. This launch follows the integration of Thomas Miller Specialty Marine (TMS) into the Club’s operations. UK Fixed ... Read the full article
Wayne Ashley named President of Berkley Re UK
5th August 2025
Insurance holding company W. R. Berkley Corporation has announced the appointment of Wayne Ashley as President of Berkley Re UK Limited, effective October 2025, and confirmed that he will take over as Chief Executive Officer (CEO) of the company in 2026. Current CEO of Berkley Re UK, Claire Himmer, will continue ... Read the full article
Toa Re sees net income growth in FY’25
5th August 2025
Japanese reinsurance group Toa Re has reported a strong financial performance for the fiscal year ending March 2025, with its net income increasing to 28.5 billion yen (USD 190 million). This year’s net income increased by 12.9 billion yen, or 121% from the 15.5 billion yen (USD 97.4 million) reported in ... Read the full article
Greenlight Re reports improved Q2’25 underwriting result despite investment setback
5th August 2025
Greenlight Re reported net income of $0.3 million for Q2 2025, a sharp decline from $8.0 million in Q2 2024, primarily due to a $7.8 million investment loss this quarter versus $15.3 million in investment income a year earlier. David Einhorn, Chairman of the Board of Directors, commented on this, “The ... Read the full article
Finley retires as President of APAC of Starr Insurance, Chen to take over
5th August 2025
Starr Insurance, a provider of commercial property and casualty insurance, has announced the retirement of Phil Finley as the President of Asia Pacific (APAC), and Chief Executive Officer (CEO) of Thailand. Effective August 1st, 2025, Sean Chen will succeed him as the President of APAC, in addition to his current role ... Read the full article
Howden confirms US retail market entry with appointment of Mike Parrish as US CEO
5th August 2025
Howden, the global insurance and reinsurance broking group, has confirmed its entry into the U.S. retail market and has announced that Mike Parrish will lead the operations as Chief Executive Officer (CEO) of Howden U.S. At the same time, the broker has named Jim Hays as Vice Chairman, Howden Group Holdings, ... Read the full article
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