Reinsurance News
SiriusPoint’s Q3’25 underwriting income rises 11% on lower cat losses
31st October 2025
Bermuda-based insurer and reinsurer SiriusPoint Ltd. reported core underwriting income of $69.6 million in the third quarter of 2025, up 11.4% from $62.5 million in the same period a year earlier, as growth in Insurance & Services income more than offset a slight decline in Reinsurance underwriting income. In Q3’25, the ... Read the full article
Serene Chiam joins UIB Asia Treaty & Retro Division as Director
31st October 2025
United Insurance Brokers Limited (UIB), an international reinsurance and insurance broker, has announced the appointment of Serene Chiam as Director - Broking Support, within the Treaty & Retro Division, UIB Asia. Based in Singapore, Chiam will focus on broking support and treaty placements, ensuring the division continues its drive toward operational ... Read the full article
The Fidelis Partnership launches Syndicate 2126, backed by Blackstone
31st October 2025
The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has launched Syndicate 2126 in partnership with funds managed by Blackstone, an alternative asset manager, following in-principle approval from the specialist Lloyd’s insurance and reinsurance marketplace. The new Syndicate will write across several property, specialty, and bespoke lines, including through the ... Read the full article
Enact gets $170m of additional XOL reinsurance for 2027 book year
31st October 2025
Enact Mortgage Insurance Corporation, the flagship legal entity of private mortgage insurance firm, Enact Holdings, Inc., has secured roughly $170 million of additional excess of loss (XOL) reinsurance as part of its diversified credit risk transfer (CRT) programme. The announcement explains that this forward XOL reinsurance arrangement covers a portion of ... Read the full article
Ryan Specialty posts organic growth rate of 15% for Q3’25
31st October 2025
International specialty insurance firm, Ryan Specialty, saw its revenue grow 24.8% to $754.6 million for the third quarter of 2025 when compared with the prior year, with an organic growth rate of 15%. Ryan Specialty attributes the improved revenue to continued organic growth, driven by new client wins and expanded relationships ... Read the full article
Palomar to acquire The Gray Casualty & Surety Company for $300m
31st October 2025
Specialty property insurer Palomar Holdings has agreed to acquire The Gray Casualty & Surety Company from Bernhard Capital Partners (BCP), and The Gray Insurance Company for a total consideration of $300 million in cash. Gray Surety is a Treasury-listed surety carrier specialising in contract bonds for midsized and emerging contractors across ... Read the full article
WTW reports 5% organic revenue growth to $2.3bn for Q3’25
31st October 2025
Insurance broking group WTW achieved 5% organic revenue growth to $2.3 billion for the third quarter of 2025, flat year-on-year as a result of the sale of TRANZACT, while net income improved significantly to $306 million compared with a loss of $1.7 billion in the third quarter of 2024. WTW generated ... Read the full article
SCOR posts GWP of €4.6bn in Q3’25 results as combined ratio strengthens
31st October 2025
French carrier SCOR, one of Europe's big four reinsurance companies, has reported net income of €217 million for the third quarter of 2025, reversing the loss for the same period last year, as the property and casualty (P&C) combined ratio strengthened by 7.5 percentage points to 80.9%. SCOR has posted a ... Read the full article
Skyward Specialty’s net income climbs 25% to $45.9m in Q3’25
31st October 2025
Skyward Specialty Insurance Group, a property and casualty (P&C) specialist insurance company, reported a net income of $45.9 million for the third quarter of 2025, representing a 25.1% increase compared to $36.7 million in the same period a year earlier. Adjusted operating income for the quarter was $44 million, up 49.7% ... Read the full article
Peak Re appoints Eun Jeong Lee as SVP Retrocession
31st October 2025
Hong Kong-based global reinsurer Peak Re has announced the appointment of Eun Jeong Lee as Senior Vice President (SVP), Retrocession. Lee brings deep expertise in reinsurance, actuarial science, and risk management, joining Peak Re after spending 19 years at Korean Reinsurance Company (Korean Re). Most recently, she served as Deputy Branch Manager ... Read the full article
Severe Queensland and Victoria storms trigger 5,500 claims for Suncorp
31st October 2025
The insurance company Suncorp has received just over 5,500 claims, around 5,000 in Queensland and 500 in Victoria, with the net cost of the event expected to fall between $220 million and $260 million, with these estimates remaining preliminary, and final figures to be confirmed as part of the first ... Read the full article
AXA XL Reinsurance premiums increase 8% in 9M’25
30th October 2025
The reinsurance arm of French insurer AXA's property, casualty and specialty risk division, AXA XL Reinsurance, achieved, on a comparable basis, an 8% year-on-year increase in gross written premiums (GWP) and other revenues to €2.4 billion for the nine month period ended September 30th, 2025. The solid growth at AXA XL ... Read the full article
Global Indemnity Group reports 54% underwriting income growth in Q3’25
30th October 2025
Global Indemnity Group, LLC (GBLI) has announced its financial results for the third quarter of 2025, reporting 54% growth in current accident year underwriting income and a 19% increase in operating income. The company’s net income saw a slight decrease, to $12.4 million from $12.7 million reported for the same period ... Read the full article
Aon’s Uri Dallal named EVP, Financial Lines, Howden US
30th October 2025
Global insurance broker Howden has appointed Uri Dallal as Executive Vice President (EVP), Financial Lines for its recently launched US retail offering. He joins the broker upon the completion of contractual obligations to his current employer, Aon. In his new role, Dallal will be a part of the US Financial Lines ... Read the full article
Melissa to add pressure at renewals but not enough to shift market balance: Willis Re
30th October 2025
Despite Hurricane Melissa’s significant human and economic toll on Jamaica, Cuba, and other Caribbean islands, the event’s cost to the global reinsurance sector is unlikely to alter overall market dynamics, though it may give underwriters added leverage in renewal negotiations, according to Willis Re. As our sister publication Artemis recently ... Read the full article
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