Reinsurance News
AccuWeather estimates up to $52bn in economic losses from Hurricane Melissa
31st October 2025
Hurricane Melissa, the first Cat 5 storm to make landfall in Jamaica’s history and among the strongest storms ever recorded in the Atlantic, has caused $48 billion to $52 billion in total damage and economic losses, according to AccuWeather’s preliminary estimates. Hurricane Melissa, with peak winds of 185 mph (298 kph) ... Read the full article
SCOR sees opportunities to grow in US cat at 1/1: Jean-Paul Conoscente
31st October 2025
Jean-Paul Conoscente, Chief Executive Officer of SCOR P&C, said the French reinsurer views the US catastrophe market as attractive, with opportunities to grow given the current level of price adequacy. During SCOR’s Q3 2025 results call, Conoscente emphasised that the company does not regret its decision to increase its risk appetite ... Read the full article
US P&C market sees wave of growth in reciprocal insurance exchanges: ALIRT
31st October 2025
Reciprocal insurance exchanges (RIEs) in the U.S. have seen a wave of growth as new entrants emerge to address capacity shortages in property markets, particularly across the southern coastal states, according to ALIRT Insurance Research. ALIRT’s latest industry analysis, “Overview of Reciprocal Insurance Exchanges and Recent Market Trends,” found that 36 ... Read the full article
Hamilton Insurance announces new Chair for HMA and HIDAC
31st October 2025
Bermuda-based insurer and reinsurer, Hamilton Insurance Group, Ltd. has appointed Dymphna Lehane as Chair of Hamilton Managing Agency Limited (HMA) in the United Kingdom and Independent Non-Executive Director of Hamilton Insurance Designated Activity Company (HIDAC) in Ireland, while Karen Forte is now Chair of HIDAC and maintains her role as ... Read the full article
Nippon Life completes acquisition of Resolution Life
31st October 2025
Resolution Life, a global life insurance group focused on reinsurance and managing life insurance portfolios, has confirmed the completion of its acquisition by Nippon Life Insurance Company, a Japanese life insurer. This follows the December 2024 announcement that Nippon Life had agreed to consolidate its ownership interest in Resolution Life ... Read the full article
Hyperscalers a level of opportunity we haven’t seen before: Aon CEO Greg Case
31st October 2025
The rapid advancement of data centre construction from the world's hyperscalers is a "monumental" opportunity for re/insurance broking group Aon and the wider risk transfer industry. And while it's still early days, President and Chief Executive Officer (CEO), Greg Case, said today that demand in this area could produce more ... Read the full article
AM Best places IQUW Re credit ratings under review with positive implications
31st October 2025
AM Best has placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of IQUW Re Bermuda Limited (IQUW Re) (Bermuda) under review with positive implications. Additionally, the credit rating agency has also placed under review with positive implications the Long-Term Issue Credit Rating ... Read the full article
Losses caused by Hurricane Melissa to reach single-digit billions USD in the Caribbean: Aon
31st October 2025
With extensive damage from the impacts of Hurricane Melissa seen across the Caribbean, insurance and reinsurance broker Aon warns that total economic and insured losses could land in the single-digit billions of USD, and potentially higher after future damage assessments in the countries hit by one of the most intense ... Read the full article
Ryan Specialty to acquire Canadian MGU Stewart Specialty Risk Underwriting
31st October 2025
International specialty insurance firm, Ryan Specialty, has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU), a Toronto-based managing general underwriter (MGU) specialising in underwriting large-account, high-hazard property and casualty solutions. According to the announcement, SSRU will become a part of the Ryan Specialty Underwriting Managers (RSUM) division ... Read the full article
Canopius appoints John Tiesi as US Head of Financial Lines
31st October 2025
Canopius Group, a global specialty and property & casualty re/insurer, has announced the appointment of John Tiesi as US Head of Financial Lines, effective October 29th 2025. In this role, Tiesi will lead the Financial Lines portfolio across Canopius’ US operations. He will be responsible for shaping underwriting strategy, expanding product ... Read the full article
RGA’s Q3’25 net income rises 62% as net premiums dip
31st October 2025
Reinsurance Group of America (RGA), a provider of life and health reinsurance, reported an improved net income available to shareholders of $253 million for the third quarter of 2025, up 62.2% from $156 million in the same period a year earlier. Adjusted operating income for the quarter totalled $310 million, an ... Read the full article
WCL launches digital platform for Treaty risk placement in Bermuda
31st October 2025
Web Connectivity Limited (WCL), a Zywave company, has announced the launch of its industry-first enhanced digital platform for Treaty risk placement in Bermuda. The WCL enabledPlacing platform streamlines the submission process by consolidating treaty submissions from multiple brokers into a single, standardised interface for underwriters. It provides reinsurers with a single user ... Read the full article
Arthur J. Gallagher & Co. posts revenue increase of 20% to $3.32bn for Q3’25
31st October 2025
Insurance broking group Arthur J. Gallagher & Co. has reported total revenue before reimbursement of $3.32 billion for the third quarter of 2025, compared to $2.8 billion in Q3’24, as the core brokerage and risk management segments combined delivered 20% total revenue growth. This marks the broker’s 19th straight quarter ... Read the full article
AXA XL Re names Dan McCrosson as Senior Underwriter US Property Treaty
31st October 2025
AXA XL Reinsurance, the P&C and specialty risk division of global insurer AXA, has announced the appointment of Dan McCrosson as Senior Underwriter, US Property Treaty, effective October 20th 2025. In his new role, McCrosson joins AXA XL Re’s US Property Treaty Reinsurance team in Stamford, Connecticut. McCrosson brings more than 15 ... Read the full article
Aon Reinsurance Solutions delivers 8% organic revenue growth to $537m for Q3’25
31st October 2025
Insurance and reinsurance broking firm Aon recorded organic revenue growth of 7% to $4 billion for the third quarter of 2025, with a strong performance across the business, including at Reinsurance Solutions which saw organic revenue growth of 8% to $537 million. Q3'25 was another strong quarter for Aon, while the ... Read the full article
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