Reinsurance News
Super Typhoon Ragasa insured losses may exceed tens of millions USD: Aon
26th September 2025
In the last week of September, Southeast Asia and China were struck by Super Typhoon Ragasa, with economic losses expected to reach hundreds of millions of USD and insured losses potentially exceeding tens of millions, according to Aon’s Weekly Cat Report. Ragasa formed as a tropical low-pressure system in the Philippine ... Read the full article
Amynta Group to acquire surety broker, International Sureties
26th September 2025
Amynta Group, an insurance services provider, has entered into a definitive agreement to acquire New Orleans-domiciled, commercial surety brokers Global Surety, LLC, International Sureties Limited and International Sureties SARL, collectively known as International Sureties. The transaction is expected to close in the fourth quarter of 2025 and is subject to regulatory ... Read the full article
Enact enters into 34% quota share reinsurance agreement
26th September 2025
Enact Mortgage Insurance Corporation, the flagship legal entity of mortgage insurer Enact Holdings, Inc., has entered into a quota share reinsurance agreement with a broad panel of highly rated reinsurers, subject to certain conditions. Under the agreement, Enact will cede approximately 34% of a portion of expected new insurance written for ... Read the full article
ICW Group adds Jake Sokol as Head of Excess Casualty
26th September 2025
ICW Group Insurance Companies, a group of property and casualty insurers, has appointed Jake Sokol as Head of Excess Casualty for its newly established specialty products business unit, ICW Specialty. The new business unit includes VerTerra Insurance, ICW Group’s Excess and Surplus lines carrier. In his new role, Sokol will provide strategic ... Read the full article
South Korea’s DB Insurance to acquire Fortegra in $1.65bn deal
26th September 2025
DB Insurance Co., Ltd., the second largest non-life insurer in South Korea, is set to acquire 100% of the outstanding shares of The Fortegra Group, Inc., a US-based specialty insurer, for approximately $1.65 billion (approximately KRW 2.3 trillion) in cash, from Tiptree and Warburg Pincus. The takeover is expected to provide ... Read the full article
New Energy Risk secures first tax credit insurance transaction
26th September 2025
New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has announced its first tax credit insurance transaction, in partnership with the tax insurance broker at Alliant Insurance Services. NER has bound its first tax credit insurance policy to support a utility-scale solar ... Read the full article
Bridgehaven becomes ABI member
26th September 2025
Bridgehaven Specialty UK Limited, a hybrid insurer in commercial and specialty lines, has joined the Association of British Insurers (ABI). Bridgehaven is an independent UK hybrid-fronting insurer that empowers managing general agents (MGAs) with long-term capacity while helping reinsurers achieve greater diversification. Representing more than 300 firms, the ABI works with UK ... Read the full article
Swiss Re promotes Pavel Huerta-Uribe to Head of Property Underwriting Globals, APAC
26th September 2025
Reinsurance industry giant Swiss Re has announced the promotion of Pavel Huerta-Uribe to Head of Property Underwriting Globals for the Asia Pacific (APAC) region, effective September 15th, 2025. In the role, he succeeds Andy Tran, and will be based in Tokyo, Japan. He is a Swiss Re and re/insurance industry veteran with ... Read the full article
Davies unveils new AI workbench to accelerate underwriting decisions
26th September 2025
Davies, a professional services and technology provider for the insurance and highly regulated markets, has unveiled its new AI Underwriting Workbench platform to deliver faster, data-driven decisions. The platform strengthens Davies’ existing underwriting practice, helping clients optimise their approach and overcome common pain points of traditional systems of record, including multi-carrier ... Read the full article
Chris Newman named CEO of ACORD Solutions Group
26th September 2025
Chris Newman has been appointed to lead ACORD Solutions Group (ASG), a provider of digital solutions for the insurance sector, as Chief Executive Officer (CEO). ASG was established in 2016 as a strategic extension of ACORD, a nonprofit organisation that develops standards for the insurance industry. Its purpose is to deliver ... Read the full article
US P&C insurers post record $89bn investment income in 2024: AM Best
25th September 2025
The US property and casualty (P&C) insurance industry generated a record $89 billion in investment income in 2024, marking a 20% year-over-year increase, according to AM Best. The firm reported that the growth was fuelled by higher interest rates, stronger returns from bonds, and increased contributions from cash and short-term holdings. AM ... Read the full article
Ryan Specialty launches MGU Clach Casualty led by Adam Schnell
25th September 2025
Ryan Specialty, an international specialty insurance firm, has launched Clach Casualty Underwriting Managers (Clach Casualty), a new managing general underwriter (MGU) focused on providing casualty insurance solutions for complex construction and habitational real estate risks. Clach Casualty began operations in September 2025, with its business exclusively distributed through U.S. wholesale brokers. ... Read the full article
MAPFRE updates Innovation Model to accelerate growth
25th September 2025
Spanish insurer MAPFRE has announced an update to its innovation model, aiming to increase agility, encourage collaboration, and maximise the effectiveness of company initiatives. The new model, MAPFRE Innovación, is already operational and will serve as a strategic guide for the coming years. It is viewed as a tool to create ... Read the full article
Arbol launches new wildfire parametric product for Western states
25th September 2025
Continuing its expansion into further perils and geographies, Arbol has launched a new parametric wildfire insurance product for commercial and residential properties in high-risk wildfire regions in the U.S., with coverage limits up to $10 million. The firm's new wildfire parametric initiative, which will target California, Colorado, Arizona, and other Western ... Read the full article
Kingstone on track for strong 2025/26 growth: CEO Meryl Golden
25th September 2025
Kingstone is on track to meet its full-year 2025 guidance, thanks to outstanding performance in the first half and continuing into the third quarter. This strong showing also positions the company for top-tier growth and profitability in 2026. For 2025, the property and casualty insurance holding company expects direct premiums written ... Read the full article
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