Reinsurance News
The Hartford promotes Chhabra to Chief Risk Officer as Paiano retires
18th July 2025
The Hartford, a provider of insurance and financial services, has promoted Prateek Chhabra to Chief Risk Officer, effective September 1st, 2025. He will report directly to Christopher Swift, The Hartford’s Chairman and Chief Executive Officer. Chhabra succeeds Robert Paiano, who will retire from the company at the end of the year ... Read the full article
Gallagher Re structures and places $16m multi-peril parametric policy for SEADRIF and Lao PDR
18th July 2025
Reinsurance broker Gallagher Re, on behalf of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company), has structured and placed a re/insurance programme for the government of Lao PDR. The two-year policy expands the original 2021 flood-only placement to include additional perils such as typhoons, earthquakes, and landslides. It was ... Read the full article
Renewal rates down across nearly all major commercial lines QoQ: Ivans
17th July 2025
Ivans, a division of Applied Systems, has released its Q2 2025 results for the Ivans Index, showing that the average premium renewal rate change across nearly all major commercial lines, except General Liability, decreased compared to Q1 2025. However, year over year premium renewal rate changes for all major commercial lines ... Read the full article
Hamilton Insurance appoints Raymond Karrenbauer as Group CIO
17th July 2025
Bermuda-based insurance and reinsurance company, Hamilton Insurance Group, has appointed Raymond Karrenbauer as Group Chief Information Officer (CIO), effective September 15th, 2025. He will join the firm’s executive management team, reporting to Craig Howie, the Group Chief Financial Officer. Karrenbauer succeeds Venkat Krishnamoorthy, who has been with the Company since 2019 and ... Read the full article
Allstate estimates $619m in cat losses for June 2025
17th July 2025
The Allstate Corporation has estimated catastrophe losses for June 2025 of $619 million or $489 million, after-tax. June’s cat losses are the result of 15 events, with approximately 70% of the losses related to three wind and hail events. In comparison, the June 2024 estimated cat losses were $230 million, which ... Read the full article
Guy Carpenter’s analytics platform “differentiates us in our clients’ eyes”, says CEO Dean Klisura
17th July 2025
The President and Chief Executive Officer (CEO) of reinsurance broker Guy Carpenter, Dean Klisura, has described the company's analytics platform as one of the most significant things it does for its clients as it looks to bring value beyond the reinsurance transaction. Speaking recently during Marsh McLennan's (MMC) Q2 2025 ... Read the full article
ACORD Solutions Group launches ADEPT North America Regional Hub
17th July 2025
ACORD Solutions Group (ASG), a provider of digital solutions for the global insurance industry, has launched the ADEPT North America Regional Hub to drive industry-wide modernisation through standardised digital data exchange for large commercial and reinsurance transactions. ADEPT enables seamless, standardised data exchange for placing, accounting, and claims processes across the ... Read the full article
Travelers renews cat reinsurance programs at mid-year on similar terms, broadens coverage
17th July 2025
US primary insurer Travelers has renewed its major catastrophe reinsurance programs at mid-year on terms largely consistent with the prior year, with some adjustments to coverage. Namely, effective July 1, 2025, Travelers renewed its Northeast Property Catastrophe Excess-of-Loss Reinsurance to provide the same $1 billion of coverage, from the same ... Read the full article
Travelers returns to underwriting gain in Q2‘25
17th July 2025
US primary insurer The Travelers Companies, Inc. has announced its results for the second quarter of 2025, reporting an underwriting gain of $1.022 billion, a significant improvement compared to the prior year quarter’s loss of $65 million, as net income grew 183% year-on-year. The insurer’s net income increased to $1.509 billion ... Read the full article
Gallagher expands Evolve smart-follow facility with new power risks
17th July 2025
Insurance and reinsurance brokering group Gallagher has introduced a new product line within its Evolve placement strategy, which offers automatic, immediate and bespoke coverage for Conventional Power clients around the world. Evolve, powered by InsurX’s smart follow technology, is multi-line portfolio tracker solution launched in February last year which unlocks seamless ... Read the full article
IDF develops parametric flood insurance product for Lagos
17th July 2025
The Insurance Development Forum (IDF), in collaboration with the United Nations Development Programme (UNDP) and the German Federal Ministry for Economic Cooperation and Development (BMZ) through the InsuResilience Solutions Fund (ISF), has completed the design of a parametric flood insurance solution for the Lagos State Government in Nigeria as part ... Read the full article
Guy Carpenter sees revenue climb 7% to $677m in Q2’25
17th July 2025
Guy Carpenter, the reinsurance arm of the global broking group Marsh McLennan, saw its revenue reach $677 million in Q2 of 2025, up 7% compared to the same period of 2024. Marsh McLennan's Risk & Insurance Services segment, of which Guy Carpenter is part, had revenue of $4.6 billion in Q2 ... Read the full article
Swiss Re projects 10% ROE for US P&C insurance in 2025 on investment gains
17th July 2025
A new report from Swiss Re projects a favourable 2025 outlook, with the U.S. property & casualty industry expected to maintain a 10% ROE through 2026, as improved investment returns help offset weaker underwriting profitability despite historically strong, though slowing, underlying results. According to Swiss Re's new report, the US P&C ... Read the full article
Gold Standard appoints Howden to assess policies for aviation carbon credit scheme
17th July 2025
Howden, the global insurance and reinsurance broking group, has been appointed by Gold Standard to approve insurance policies that support the eligibility of carbon credits for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). CORSIA is an initiative developed by the International Civil Aviation Organisation (ICAO) to reduce carbon ... Read the full article
mea Platform and ASG partner to automate insurance underwriting
17th July 2025
mea Platform, a provider of intelligent insurance processing technologies and ACORD Solutions Group (ASG), an industry-owned provider of next-generation digital solutions, have entered a strategic partnership to accelerate the adoption of automated underwriting processes and digital data exchange for the global insurance industry. Through this collaboration, mea Platform will integrate with ... Read the full article
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