Reinsurance News
AXA to acquire Italian MGA Prima
1st August 2025
French insurer AXA has agreed to acquire Milan-headquartered Prima, an Italian direct insurance player acting as a managing general agent (MGA). The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to close by the end of 2025. Since its launch in 2015, Prima ... Read the full article
Ryan Specialty’s total revenue grew 23% to $855m in Q2’25
1st August 2025
Ryan Specialty Holdings, Inc., an international specialty insurance firm, reported total revenue of $855.2 million for the second quarter of 2025, representing 23% growth compared to $695.4 million in the prior-year period. The firm attributed the increase to continued organic revenue growth of 7.1%, driven by new client wins and expanded ... Read the full article
AXA to benefit more than it will lose from softer reinsurance rates, says Group CFO
1st August 2025
Alban de Mailly Nesle, Group Chief Financial Officer (CFO) of global insurer AXA, said this morning that as both a buyer and seller of reinsurance, overall, the firm stands to benefit more than it will lose from softer reinsurance pricing. This morning, AXA released a strong set of results for ... Read the full article
Gallagher names Aon’s Alistair Lester CEO of Private Equity and M&A, UK & EMEA
1st August 2025
Insurance and reinsurance broking group Gallagher has appointed Alistair Lester as Chief Executive Officer (CEO) for Private Equity and M&A client practice, leading the firm's existing transactional risks teams in the UK, Europe and the Middle East (EMEA). In the role, Lester will oversee the expansion of the practice to deliver ... Read the full article
Non-life run-off market sees continued deal flow in Q2’25, says PwC
1st August 2025
PwC, a professional services firm with deep expertise in the insurance and legacy markets, has released its latest review of the non-life insurance run-off sector, covering the second quarter of 2025. According to PwC, activity in the market remained steady through Q2, with 10 publicly disclosed deals bringing the total for ... Read the full article
Oaktree adds Phil Joubert as MD and Head of APAC Insurance Solutions
1st August 2025
Oaktree Capital Management, L.P. (Oaktree), a global asset management firm specialising in alternative investment strategies, has appointed Phil Joubert as Managing Director (MD) and Head of Asia Pacific (APAC) Insurance Solutions. In the new role, he will be based in Hong Kong and report to Greg Halagan, Managing Director and Global ... Read the full article
Allstate secures new aggregate reinsurance for US homeowners at mid-year
1st August 2025
Reflecting growing demand for aggregate risk coverage in the reinsurance market, US primary insurer Allstate has secured a new aggregate reinsurance arrangement for its US homeowners book at the mid-year renewals. The new protection includes coverage for events exceeding $1 million and provides $325 million of placed aggregate limit within a ... Read the full article
Edme Insurance Brokers appoints Nitin Firke as Managing Director of Reinsurance
1st August 2025
India's Edme Insurance Brokers Ltd has announced the appointment of Nitin Firke as Managing Director of Reinsurance, where he will work closely with both domestic and international partners to strengthen the broker's position as a trusted reinsurance intermediary, based in Mumbai. In this role, Firke will be responsible for driving innovation, ... Read the full article
AM Best upgrades credit ratings of Somerset Re on enhanced market position
1st August 2025
AM Best has upgraded the credit ratings of Somerset Reinsurance Ltd. and Somerset Reinsurance Company (SRC), citing their balance sheet strength, adequate operating performance, and ability to execute their business plan. The rating agency has upgraded the Financial Strength Ratings of Somerset Re and SRC to A from A-, and the ... Read the full article
Arthur J. Gallagher’s revenue rises 16% to $3.2bn for Q2’25
1st August 2025
For the second quarter of 2025, insurance broking group Arthur J. Gallagher & Co. has reported total revenue before reimbursement of $3.17 billion, compared to $2.73 billion in Q2’24, as the core brokerage and risk management segments combined to deliver 16% revenue growth, including organic revenue growth of 5.4%. Of the ... Read the full article
Perdiguerra to lead Parametrix Cyber and Tech E&O underwriting
1st August 2025
Parametrix, a provider of digital business interruption solutions, has announced the appointment of Sandy Perdiguerra as Senior Vice President, Cyber and Tech E&O Underwriting. Perdiguerra, who brings over two decades of experience in cyber underwriting and leadership, will be based in San Francisco and report directly to Rick Wong, Head of ... Read the full article
RGA completes $32bn reinsurance transaction with Equitable
1st August 2025
Reinsurance Group of America (RGA) has completed its previously announced $32 billion reinsurance transaction with Equitable Holdings, covering a diversified portfolio of life insurance products. Back when the deal was first revealed, RGA said it is reinsuring 75% of Equitable’s in-force life insurance liabilities, which includes approximately $18 billion of ... Read the full article
AXA XL premiums up 6% in H1’25 to €34bn
1st August 2025
French insurer AXA recorded a rise in underlying earnings of 5% to €4.5 billion and 7% growth in gross written premium (GWP) and other revenues to €64.3 billion in the first half of 2025, driven by growth at AXA XL, the firm's property and casualty (P&C) and specialty risk division, ... Read the full article
London Market Group reports stronger confidence in UK financial regulators
1st August 2025
The London Market Group (LMG), a collective body representing the specialist commercial re/insurance market in London, has published the results of its second Regulatory Sentiment Indices. The data shows a clear improvement in how firms view the performance of the UK’s two key financial regulators: the Financial Conduct Authority (FCA) and ... Read the full article
CelsiusPro appoints Allianz’s Isa Ennadifi as Group CUO
1st August 2025
Parametric insurtech CelsiusPro has appointed Isa Ennadifi, formerly of global insurers Allianz and AXA and reinsurer SCOR, as its new Group Chief Underwriting Officer (CUO). Ennadifi has over 15 years of industry experience, having held senior roles at global insurers and reinsurers. She has a strong track record in actuarial, underwriting, and ... Read the full article
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