Reinsurance News
Lemonade reports improved net loss of $37.5m as in-force premiums rise 30% YoY
5th November 2025
Lemonade, an AI-powered digital insurance company, has announced its third quarter of 2025 financial results, reporting a net loss of $37.5 million, compared to the $67.7 million net loss seen in the same quarter last year. In force premium (IFP) was $1.16 billion, a 30% increase from the $889 million reported ... Read the full article
Larger, more diversified Lancashire poised to navigate future market cycles: CUO
5th November 2025
Speaking on Lancashire’s Q3 2025 earnings call, Paul Gregory, Group Chief Underwriting Officer, suggested that as a significantly larger and more diversified business than at the same stage of the previous softening cycle, the firm has greater reinsurance options and, thanks to its strong relationships with reinsurers, enjoys the flexibility ... Read the full article
Conduit Holdings announces appointment of Nicholas Shott as Non-Executive Director
5th November 2025
Conduit Holdings Limited, the parent company of Conduit Re, a Bermuda-based pure-play reinsurance business, has announced the appointment of Nicholas Shott as a Non-Executive Director, effective 4 November 2025. Shott brings over thirty years of experience in the financial services industry. He spent much of his career at Lazard, where he ... Read the full article
India’s Kshema secures $20m from UN Green Climate Fund to expand offerings
5th November 2025
Kshema, the Indian agricultural insurer that leverages technology and parametric triggers to provide cover to smallholder farmers, is set to receive $20 million in funding from the UN Green Climate Fund (GCF) to help it scale up its offerings. GCF explained that its financing will be leveraged to mobilise additional capital, ... Read the full article
Hamilton’s underwriting income rises 120% with 87.8% CoR in Q3’25
5th November 2025
Bermuda-domiciled insurer and reinsurer Hamilton Insurance Group, Ltd. reported an improved combined ratio of 87.8% in the third quarter of 2025, compared to 93.6% in the same period a year earlier, with a significant 120.3% increase in underwriting income to $64.1 million from $29.1 million. For the quarter, catastrophe losses (current ... Read the full article
The Baldwin Group’s Q3’25 total revenue grows to $365.4m
5th November 2025
The Baldwin Group, an independent insurance distribution firm, has announced its financial results for the third quarter of 2025, reporting total revenue growth of 8% year-over-year despite a net loss of $30.2 million. The company’s total revenue stood at $365.4 million; organic revenue saw a 5% year-over-year increase. Year-to-date total revenue ... Read the full article
ICA extends SE 254 declaration to Severe Spring Storms as claims reach 26k
5th November 2025
The Insurance Council of Australia (ICA) has expanded the timeframe and postcodes of its most recent Significant Event declaration, to include the hail and strong winds that impacted south-east Queensland between 31st October, Friday and 2nd November, Sunday. So far, it has resulted in 25,980 claims with damage varying in severity, ... Read the full article
AXA XL names Sabrina Lahrmann Head of International Property
5th November 2025
AXA XL, the property and casualty division of AXA Group, has announced the promotion of Sabrina Lahrmann to Head of International Property, UK & Lloyd’s. Based in London, she took up her new position on 1 November 2025. In this leadership role, Lahrmann will oversee the creation and execution of AXA ... Read the full article
Brokers urge MGAs to offer more flexible renewals, Prestige Underwriting survey finds
5th November 2025
Prestige Underwriting, a specialist provider in non-standard insurance solutions, has released its latest broker survey, revealing strong growth expectations for the sector alongside a clear call to action for managing general agents (MGAs) and insurers. Brokers are urging the market to provide greater support and meaningful options at renewal to help ... Read the full article
Lancashire’s 9M’25 results marked by discipline and selective underwriting
5th November 2025
In its results for the nine months ended 30 September 2025, Lancashire has revealed that gross premiums written rose 7.4% year-on-year to $1.8 billion, while insurance revenue increased by 7.8% to $1.4 billion. Lancashire's reinsurance segment contributed $1.031 billion to the total gross premiums written figure, while the insurance segment contributed ... Read the full article
Conduit Re grows reinsurance revenue 12.6% amid competitive market conditions
5th November 2025
Bermuda-based reinsurer Conduit Re has reported reinsurance revenue for the nine months ended 30th September 2025 of $662.4 million, a 12.6% increase over the nine months ended 30 September 2024. Of the total reinsurance revenue for the period, Conduit Re’s Property segment contributed the most, at $347.9 million, followed by the ... Read the full article
AIG reports GI underwriting income increase of 81% for Q3’25
5th November 2025
Global insurer American International Group, Inc. (AIG) has reported that its General Insurance (GI) underwriting income rose 81% year-over-year, reaching $793 million for the third quarter of 2025, compared to $437 million in the same period last year. This increase was driven by lower catastrophe-related charges, more favourable prior year development ... Read the full article
Beazley Security expands availability of Security Posture Reports
5th November 2025
Beazley Security, a wholly-owned subsidiary of Beazley Insurance and an integrated cyber risk management firm, is aiming to reduce risk with the expanded availability of its Security Posture Reports (SPRs). The process includes the automated discovery, passive scanning, and analysis of externally exposed assets. This helps organisations understand the state of their ... Read the full article
Applied Systems enhances commercial lines solution for Canadian Brokers
5th November 2025
Applied Systems, a global provider of cloud-based software for the insurance industry, has announced new enhancements to its commercial lines solution in Applied Epic for the Canadian market. The updates aim to give brokers greater choice, speed, and flexibility in growing their commercial books of business by unifying instant quote requests ... Read the full article
BPL launches Funded Solutions team to expand credit insurance services
5th November 2025
BPL, an independent broker specialising in credit and political risk insurance (CPRI), has established a new Funded Solutions team to provide insurance-linked capital and credit management strategies, including repackagings, for a broad range of financial institutions. The team will serve both established credit insurance clients and new entrants from the banking, ... Read the full article
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