Reinsurance News
Gallagher names David Rush as Independent Non-Executive Director
3rd November 2025
Arthur J. Gallagher Holdings (UK) Limited, part of the global insurance brokerage, risk management, and consulting group Gallagher, has announced the appointment of David Rush as an Independent Non-Executive Director. Rush brings almost 40 years of experience in financial services, gained primarily at Deloitte in Australia and the UK. During his ... Read the full article
CNA Financial sees $403m net income and record $409m core income in Q3’25
3rd November 2025
Chicago-based insurer CNA Financial Corporation has announced its financial results for the third quarter of 2025, reporting an increased net income of $403 million, 40% growth in core income and an improved Property & Casualty combined ratio of 92.8%. This year’s Q3 net income compares to the $283 million reported in ... Read the full article
Verisk estimates Hurricane Melissa insured losses could reach $4.2bn
3rd November 2025
The Extreme Event Solutions group at Verisk has estimated that industry insured losses to onshore property in Jamaica from Hurricane Melissa will likely range from $2.2 billion to $4.2 billion. The global data analytics and technology firm provided a meteorological context for the event, noting that Melissa became a hurricane on ... Read the full article
Aviva appoints Richard Taylor as Head of Cyber & Tech E&O
3rd November 2025
British insurer Aviva has announced the appointment of Richard Taylor as Head of Cyber & Tech E&O. Following Aviva’s acquisition of Probitas Holdings (Bermuda) Limited for a consideration of £249 million in July 2024, Taylor takes on a wider role within the Aviva Group, leading all Cyber and Tech E&O ... Read the full article
Berenberg sees 2025 reinsurance softening as more disciplined and sustainable
3rd November 2025
Berenberg analysts have suggested that the 2025 market softening stands apart from past soft cycles in its pace, discipline, starting point, and structural trends, potentially creating a more sustainable, risk-responsive environment, barring major loss shocks or behavioural shifts. "With reinsurance pricing coming off from the peak of 2024, many are haunted ... Read the full article
OdysseyRe names Randhir Bilkhu as Head of AI Business Solutions
3rd November 2025
Odyssey Reinsurance Company (OdysseyRe), the property and casualty reinsurance arm of Odyssey Group Holdings, Inc., a subsidiary of Fairfax Financial Holdings Limited, has appointed Randhir Bilkhu as Head of Artificial Intelligence (AI) Business Solutions. In his new role, Bilkhu will report to OdysseyRe's Chief Executive Officer of North America, Brian Quinn. His ... Read the full article
Protective Life to acquire Abry Partners’ portfolio company
3rd November 2025
Private equity firm Abry Partners announced that its portfolio company, Portfolio Holding, Inc., has entered into an agreement to be acquired by Protective Life Insurance Company, the principal subsidiary of Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. The transaction is expected to close in the ... Read the full article
Fidelis appoints William Waddell-Dudley as UK CUO
3rd November 2025
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited (Fidelis Insurance Group) has announced the appointment of William Waddell-Dudley as UK Chief Underwriting Officer (CUO). In his new role, Waddell-Dudley will work closely with the Bermuda and Ireland Chief Underwriting Officers to help shape the company’s underwriting strategy and drive innovation within ... Read the full article
Trident Marine Managers expands underwriting agreement with Aspen
3rd November 2025
Trident Marine Managers, a Ryan Specialty Underwriting Managers company, will now serve as the exclusive underwriter for Aspen Insurance Company's Marine Hull, Primary, and Excess Marine Liability business, following an expanded underwriting agreement between the two companies. Mark Engel, CEO Marine & Energy at Ryan Specialty Underwriting Managers, commented: “We are ... Read the full article
MAPFRE RE’s profit climbs 23.6% as group result hits €829m in first nine months
3rd November 2025
MAPFRE has reported that MAPFRE RE, which encompasses its Reinsurance and Global Risks businesses, posted a profit of €256 million for the first nine months of 2025, a 23.6% increase compared to the same period last year. Of the total profit figure, Reinsurance contributed €225 million, with a combined ratio of ... Read the full article
Jamaica to receive record $70.8m CCRIF parametric payout for Hurricane Melissa
3rd November 2025
The government of Jamaica is set to receive a record payout of USD 70.8 million (J$11.4 billion) following the passage of Hurricane Melissa, under the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) parametric insurance model. This marks the largest single payout in CCRIF’s history. It is subject to ... Read the full article
Lockton Re expands Capital Advisory capabilities with senior appointments
3rd November 2025
Lockton Re, the reinsurance business of insurance broker Lockton, has appointed Darsh Patel to lead Transaction Structuring and Reserving Analytics globally and Jack McGregor to lead Retrospective Reinsurance and Legacy Solutions for North America. Patel joins Lockton Re from Aon, where he was a Legacy Actuary as part of the Aon ... Read the full article
AM Best reports robust 2024 performance for Canada’s L/A insurance sector
3rd November 2025
AM Best, the credit rating agency, reported that Canada’s life and annuity (L/A) insurers delivered strong results in 2024. The sector benefited from record growth in new annualised premiums, along with increased revenue from assets under management and fee-based income. According to AM Best, the outlook for the Canadian L/A market remains ... Read the full article
Gallagher Re’s new framework to align APAC cyber reinsurance demand with global capacity
3rd November 2025
Global reinsurance brokerage Gallagher Re has launched an innovative framework designed to transform the cyber reinsurance landscape in the Asia Pacific (APAC) region. This initiative aims to align the growing demand for cyber reinsurance in APAC with global capacity, offering a flexible and comprehensive solution to meet the region’s unique needs. Gallagher ... Read the full article
Ebix introduces ExposureHub to the US market
3rd November 2025
Ebix, a provider of insurance and financial technology solutions, announced the introduction of ExposureHub to the US market. The platform offers real-time exposure visibility and portfolio analytics for property, casualty, and specialty insurers, as well as brokers and enterprise risk teams. Already in use in the London insurance market, ExposureHub is now ... Read the full article
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