Reinsurance News
Allstate estimates $213m in catastrophe losses for August
18th September 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $213 million, or $168 million after tax, for the month of August. The losses included 10 events, with approximately 70% attributable to three wind and hail events. By comparison, Allstate estimated higher ... Read the full article
Funded reinsurance and offshore financing a concern for the PRA
18th September 2025
The Bank of England (BoE) is hardening its approach on the use of funded reinsurance and offshore financing by UK life insurers, aiming to balance innovation with financial stability as the bulk purchase annuity (BPA) market continues its rapid expansion. In a speech at the Bank of America annual CEO conference, ... Read the full article
Inigo CEO highlights measured growth plans following Radian acquisition
18th September 2025
Richard Watson, CEO of Lloyd’s specialty insurer Inigo Limited, has highlighted the significant growth opportunities following his firm’s acquisition by US-based Radian Group, noting that this growth will be measured and focused as Inigo continues to strengthen customer relationships, expand its use of data and analytics, and maintain its strong ... Read the full article
kWh Analytics closes Munich Re-backed parametric wind proxy hedge for Apex Clean Energy
18th September 2025
kWh Analytics, a provider of climate insurance and risk management for renewable energy projects, has closed a parametric Wind Proxy Hedge risk transfer deal, backed by Munich Re, for Apex Clean Energy’s 79MW wind project in Virginia. The financial structure utilised the kWh Analytics Indifference Structure for debt sizing, with Munich ... Read the full article
China Re announces leadership change as Chairman He Chunlei retires
18th September 2025
China Reinsurance (Group) Corporation has announced the retirement of He Chunlei, chairman of the company’s Board, executive director and the chairman and member of the Strategy and Sustainable Development Committee under the Board of the Company. The resignation of He Chunlei shall take effect from 18 September 2025. “The Company and the ... Read the full article
Kester Capital invests in Addresscloud to support growth and global expansion
18th September 2025
Addresscloud, a UK-based geocoding and property intelligence company serving the insurance sector, has received a new investment from London-based private equity firm Kester Capital. The funding marks the next phase in Addresscloud’s growth, with Kester Capital partnering with the company’s founders and management team to support its international expansion. With a strong ... Read the full article
RVS Roundtable: The market is striking a balance but creativity needed in competitive environment
18th September 2025
At the 67th Rendez-Vous de Septembre in Monte Carlo last week, Reinsurance News held its annual executive roundtable, during which eight experts and leaders from across the industry discussed the sustainability of current market conditions, the outlook for the 2026 renewals and beyond, reinsurer discipline, the casualty space, while the ... Read the full article
Marsh McLennan names Renee McGowan as Chief Commercial Officer, International
18th September 2025
Global insurance and reinsurance broker Marsh McLennan has announced the appointment of Renee McGowan as Chief Commercial Officer, International, effective October 1, 2025. McGowan will also continue to serve as CEO of Marsh McLennan India, Middle East, and Africa (IMEA) until early 2026, when she will relocate to Europe. As CCO she ... Read the full article
Re/insurer profits at risk from climate-driven health impacts without adaptation: WEF
18th September 2025
According to a new report from the World Economic Forum, developed in collaboration with Boston Consulting Group (BCG), without adaptive action, climate-driven health impacts could erode insurer profitability and push coverage costs higher for consumers across markets. The new report, which assessed climate-driven health impacts across four of the most affected ... Read the full article
Radian to become global multi-line specialty insurer with $1.7bn Inigo acquisition
18th September 2025
Radian Group Inc., a US-based company primarily known for mortgage insurance, has reached a definitive agreement to acquire Inigo Limited, a Lloyd’s specialty insurer, in a transaction valued at $1.7 billion, mostly in cash, with the acquisition being funded using Radian’s available liquidity and capital from its subsidiaries. The deal marks ... Read the full article
Supercede sees steady growth as it streamlines brokers’ workflows and extends focus: Ben Rose
18th September 2025
Ben Rose, Co-Founder and President of Supercede, highlighted that the company has seen steady growth since its launch, with much of the expansion driven by brokers recognising the platform’s ability to streamline time-consuming, ‘table-stakes’ tasks and free them to focus on improving deal quality and client outcomes. Supercede is an independent ... Read the full article
Challenging outdated perceptions necessary to address re/insurance talent gap: MS Amlin
18th September 2025
The London reinsurance market faces a looming crisis due to a lack of new talent. A recent survey by MS Amlin revealed that 68% of Britons would not consider an insurance career, while London Market Group figures show as many staff over 50 as under 30 (24% in each group). This ... Read the full article
Sompo appoints Alessandrea Quane as CEO, International Markets
18th September 2025
Sompo, a provider of commercial and consumer property and casualty re/insurance, has announced the appointment of Alessandrea Quane as Chief Executive Officer, International Markets. In this role, Quane will report to James Shea, CEO of Sompo P&C, and will oversee Sompo’s Commercial and Consumer Insurance operations outside of North America and ... Read the full article
GLP-1 drugs could cut mortality rates in US and UK, Swiss Re says
18th September 2025
Swiss Re, a reinsurance company based in Zurich, has released new research suggesting that GLP-1 weight-loss medications could substantially reduce mortality rates in the United States and the United Kingdom over the next two decades. According to the company’s projections, if these drugs are widely adopted and combined with healthy lifestyle ... Read the full article
BHSI launches Group Personal Accident and Business Travel Insurance in the UK
18th September 2025
Berkshire Hathaway Specialty Insurance (BHSI) has entered the Accident & Health Market in the UK, expanding the company’s global A&H footprint. BHSI launched Group Personal Accident and Business Travel Insurance, a new product tailored for UK companies of all sizes, created to address both every day and emerging risks of domestic ... Read the full article
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