Reinsurance News
WTW posts 5% organic revenue growth as net income rises 134% in Q2’25
31st July 2025
Global insurance broking group WTW has reported flat revenue of $2.3 billion for the second quarter of 2025 with solid organic revenue growth in both Health, Wealth & Career and Risk & Broking, and a 134% year-on-year rise in net income to $332 million. Group-wide, organic revenue growth was 5% in Q2 ... Read the full article
Ascot & Antares Capital reportedly partnering on $500m reinsurance sidecar Wayfare Re
31st July 2025
Insurer and reinsurer Ascot Group is reportedly partnering with Antares Capital, a private-credit firm, on a $500 million transaction to create a Bermuda-based reinsurance sidecar called Wayfare Reinsurance, according to a report by The Wall Street Journal. It's been reported that the new reinsurance sidecar will be capitalised via equity investments ... Read the full article
Descartes promotes Qin to Head of APAC and Seow to Head of SE Asia
31st July 2025
Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has promoted Ben Qin to Head of Asia Pacific (APAC) and WeeBeng Seow as the Head of Southeast (SE) Asia. The parametric specialist is adopting a centralised service model to deliver consistent, regionally aligned support to its ... Read the full article
PERILS launches SCS industry loss reporting service for Europe, Japan, and NZ
31st July 2025
PERILS AG, a Zurich-based catastrophe insurance data provider, has announced the inclusion of Severe Convective Storm (SCS) industry loss reporting for Europe, Japan, and New Zealand. The new service builds on PERILS’ existing SCS coverage in Australia and Canada. In Europe, the service will cover Austria, Belgium, France, Germany, Ireland, Italy, Luxembourg, ... Read the full article
Allstate reports significant rise in net income to $2.1bn for Q2’25
31st July 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the United States, has announced robust financial results for the second quarter of 2025, highlighted by substantial underwriting income improvement across the business and improved profitability. Across the group, net income increased to $2.1 billion from $301 million in ... Read the full article
Aon unveils reinsurance leadership promotions to fuel growth
31st July 2025
Aon has appointed Andrew Laing as UK CEO of Reinsurance, succeeding Rupert Moore, who will become CEO of Reinsurance for Asia Pacific and Chairman of the region for Aon’s Strategy and Technology Group. Subject to regulatory approval, Laing will also retain his role as Aon’s global Facultative CEO, a position he ... Read the full article
Markel’s operating income rises to $1bn in Q2’25
31st July 2025
Insurer Markel Group’s total operating income for the second quarter of 2025 grew to $1.1 billion from $409 million in Q2’24, largely driven by market value movements within its equity portfolio. In the insurance segment in Q2’25, operating income declined to $128 million from $176 million in Q2’24. The combined ratio for ... Read the full article
SCOR preparing for competitive reinsurance environment to persist & intensify into Jan 1
31st July 2025
Thierry Léger, Chief Executive Officer (CEO) of SCOR, one of Europe's big four reinsurers, said this morning that although there's not been an influx of new entrants in the reinsurance market, competition was high at the mid-year renewals and could be even more competitive at January 1st, 2026. Addressing the media ... Read the full article
Everest reinsurance delivers in Q2’25 as firm eyes strategic realignment
31st July 2025
Everest’s reinsurance segment again led the business in Q2 2025, posting $436 million in underwriting income and a combined ratio of 85.6%, despite $98 million in pre-tax aviation losses tied to the Russia–Ukraine war, which added 3.2 points to the ratio. Notably, catastrophe losses in Q2 2025 were relatively low at $20 million ... Read the full article
SCOR’s net income hits EUR 226m in Q2’25 with improved 82.5% CoR
31st July 2025
French reinsurer SCOR has announced its financial results for the second quarter of 2025, reporting a rise in net income to EUR 226 million, reversing the loss of EUR 308 million recorded in the second quarter of 2024. This improvement was driven by strong performance across all business activities, including an ... Read the full article
Lockton appoints Kelly Thoerig as US D&O and EPL Product Leader
31st July 2025
Lockton, a privately held insurance brokerage, has appointed Kelly Thoerig as U.S. Directors and Officers Liability (D&O) and Employment Practices Liability (EPL) Product Leader within its Professional & Executive Risk division. Based in Virginia, Thoerig will report to Sarah Downey, U.S. Professional & Executive Risk Leader at Lockton. In this role, she ... Read the full article
Nationwide to acquire renewal rights of Markel’s Global Reinsurance business
31st July 2025
Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has entered into a definitive agreement to acquire the renewal rights of Markel Insurance’s Global Reinsurance business, signalling Markel's exit from the reinsurance market as the firm focuses on growing its core specialty insurance operation. This sale aligns ... Read the full article
Ping An names Ray Wang as Group CTO & General Manager, Ping An Technology
31st July 2025
Ping An Insurance (Group) Company of China, Ltd., an integrated financial services provider with a presence in insurance, banking, and asset management, has appointed Ray Wang as the Group's Chief Technology Officer (CTO) and General Manager of Ping An Technology. The appointment aims to enhance the firm's research and development and ... Read the full article
Itasca MGA provides aircraft finance insurance for Allegiant Air
31st July 2025
Itasca MGA Limited, an aviation-focused managing general agent (MGA), has structured a new insurance policy to support an aircraft debt facility for Allegiant Air, LLC, helping finance the delivery of new 737 MAX 8-200 aircraft. The aircraft deliveries align with Allegiant's strategy to directly own its fleet, allowing it to better ... Read the full article
Sompo appoints Andy Zoller as SVP, Head of Multinational, NA
31st July 2025
Sompo, a global provider of property, casualty, and specialty re/insurance, has announced the appointment of Andy Zoller as Senior Vice President (SVP), Head of Multinational, North America. Based in Dallas, Zoller will be responsible for the strategic oversight of Sompo’s Multinational Business Unit across the U.S. and Canada. He brings over two ... Read the full article
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