Reinsurance News
Allianz Commercial appoints Nguyen-Huu as Global Head of Portfolio Solutions
25th July 2025
Allianz Commercial, part of global insurer Allianz, has appointed Doan Nguyen-Huu as Global Head of Portfolio Solutions, effective August 1st, 2025, and Daniel Head as Head of Portfolio Solutions and Delegated Authority, UK Global and International markets, from September 1st, 2025. The two appointments are in the firm’s Portfolio Solutions unit, ... Read the full article
Canadian Personal Auto & Property premium rates continued to rise in Q2’25
25th July 2025
Applied Systems has released the second quarter of 2025 results of the Applied Rating Index, the Canadian insurance industry’s premium rate index, showing year-over-year and quarter-over-quarter increases in average premium rate changes for both Personal Auto and Personal Property lines. In Q2’25, Personal Auto premium rate change increased 14.9% compared to ... Read the full article
Kinsale Capital’s net income increased 44.8% to $134m in Q2’25
25th July 2025
Kinsale Capital Group, Inc. reported a net income of $134.1 million for the second quarter of 2025, which includes after-tax catastrophe losses of $2.9 million, up 44.8% from $92.6 million in the same quarter a year earlier, which included $2.7 million in after-tax catastrophe losses. For the first half of 2025, ... Read the full article
Sands Point Risk acquires Medical Stop Loss MGU BRM Specialty Markets
25th July 2025
Sands Point Risk, a multi-program MGA platform backed by Avesi Partners, has announced its acquisition of BRM Specialty Markets, a Philadelphia-based Medical Stop Loss Managing General Underwriter. The acquisition marks a significant milestone for both companies as they combine their strengths to deliver high-impact solutions across the insurance industry. BRM will benefit ... Read the full article
Aon’s Reinsurance Solutions delivers 6% organic revenue growth to $688m in Q2’25
25th July 2025
Aon, the global insurance and reinsurance broking group, achieved total revenue growth of 11% to $4.2 billion in the second quarter of 2025, with organic growth of 6% in its Reinsurance Solutions arm on the back of double-digit increases in insurance-linked securities (ILS) and facultative placements. Q2 2025 was another strong ... Read the full article
CDI completes review of Verisk’s wildfire model to help address California’s coverage crisis
25th July 2025
The California Department of Insurance (CDI) has completed its review of the Verisk Wildfire Model for the US, approving it for use by insurers in assessing wildfire risk and property insurance ratemaking—marking it as the first catastrophe model to successfully complete evaluation under the state’s new regulatory framework. This marks a ... Read the full article
Universal’s direct premiums written grows 3.2% to $597m in Q2’25
25th July 2025
Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a 3.2% increase in direct premiums written to $596.7 million in the second quarter of 2025, from $578.2 million a year earlier, driven by a 25.4% growth in other states, slightly offset by a 2.5% decrease in Florida. For this ... Read the full article
Cayman Islands Monetary Authority issued 21 new international insurance licences in H1’25
25th July 2025
The Cayman Islands Monetary Authority (CIMA) granted a total of 21 new international insurer licenses in the first half of 2025, as commercial insurance, reinsurance, and captive sectors continue to expand in the region. This was reported in the recently published Q2 2025 licensing statistics by the CIMA. The total number includes ... Read the full article
Everest’s Glen Browne joins AIG as Global Head of Accident & Health
25th July 2025
Global insurer American International Group, Inc. (AIG) has appointed Glen Browne as its new Global Head of Accident & Health (A&H), effective September 3rd, 2025. He will be based in Zurich, Switzerland and report to Jon Hancock, Executive Vice President and Chief Executive Officer (CEO), International Commercial Insurance and Global Personal ... Read the full article
LMA, IUA, and LIIBA report drop in trade credit insurance claims for 2024, with Africa leading totals
25th July 2025
A new report recently released has highlighted a significant reduction in the number and value of trade credit insurance claims worldwide. The data comes from an annual market survey conducted by A2Z Risk Services on behalf of the Lloyd’s Market Association (LMA), the International Underwriting Association (IUA), and the London & ... Read the full article
Jensten names Kathleen Durling Director of Underwriting
25th July 2025
Jensten Underwriting, a managing general agent within the Jensten Group, has announced the appointment of senior industry specialist Kathleen Durling as Director of Underwriting. In her new role, Durling will spearhead two of Jensten Underwriting’s four strategic pillars: expanding specialist and niche underwriting capabilities and evolving a product roadmap aligned with ... Read the full article
Third Point secures $400m of investible capital for Insurance Solutions Fund
25th July 2025
Third Point LLC has secured $400 million of investible capital for the first close of the Third Point Insurance Solutions Fund I, its first dedicated and rated structured private credit fund for insurance companies. According to Third Point, the Fund adds to its growing private credit platform, which expects to launch ... Read the full article
Starr appoints David Wang as Head of Financial Lines, Asia Pacific
25th July 2025
Starr Insurance, a provider of commercial property and casualty insurance, has announced the appointment of David Wang as Head of Financial Lines, Asia Pacific. Based in Singapore, Wang will lead the company’s growing Asia Pacific Financial Lines team, executing underwriting strategies and driving business performance across the region. He brings over 20 ... Read the full article
Donegal reports $16.9m Q2’25 net income with slight net premium decrease
25th July 2025
Donegal Group Inc., the US insurance company, has announced its financial results for the second quarter of 2025, reporting a rise in net income to $16.9 million and an improved combined ratio of 97.7%, while net premiums saw a slight decrease of 1.1%. Q2 2025’s net income improved from $4.2 million ... Read the full article
RenRe built one of its largest & most profitable property cat portfolios at mid-year renewal: CEO O’Donnell
24th July 2025
Bermuda-based reinsurer RenaissanceRe (RenRe) had a strong mid-year renewal and constructed one of its largest and most profitable net retained property catastrophe portfolios, with the firm's President and Chief Executive Officer (CEO), Kevin O'Donnell, revealing that 80% of Florida premium the company wrote was at private terms above market rates. Speaking ... Read the full article
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