Reinsurance News
Sompo announces three key appointments in APAC Finance team
3rd September 2025
Sompo has announced three key appointments in its Asia Pacific (APAC) Finance team, with See Ju Chua, Pei Shan Tay, and Mindy Lee assuming new roles within the company. See Ju Chua has been appointed Senior Vice President (SVP), Head of Capital Management, APAC. She will be responsible for managing the ... Read the full article
Caffrey to take over as White Mountains CEO in 2026
2nd September 2025
White Mountains Insurance Group, Ltd. has announced the appointment of Liam Caffrey as Chief Executive Officer, effective January 1, 2026, succeeding current CEO Manning Rountree. Caffrey, who currently serves as President and Chief Financial Officer of White Mountains, will also be joining the company’s Board as he takes over the CEO ... Read the full article
Average annual insured losses from nat cats rise to $152bn: Verisk
2nd September 2025
The global modelled insured average annual property loss (AAL) from natural catastrophes has increased to $152 billion, according to the latest annual report from Verisk’s Extreme Event Solutions business. This means that the insurance industry should now be prepared for total annual insured property losses from natural catastrophes that far exceed ... Read the full article
Continued reinsurance capital growth hinges on sustained profitability: Gallagher Re
2nd September 2025
Global reinsurance capital has climbed to a record $805 billion and is set to grow a further 8% this year on the back of retained earnings, but despite the rising capacity, pricing momentum remains tied to structural profitability rather than new inflows, with sector returns still running at nearly ... Read the full article
Fitch revises global reinsurance sector outlook to deteriorating
2nd September 2025
Ahead of RVS 2025, Fitch Ratings has revised its global reinsurance sector outlook to ‘deteriorating’ from ‘neutral,’ anticipating moderately weaker, but still sound, operational and business conditions in 2026. The ratings agency expects abundant capacity and rising competition across most property lines to gradually erode prices, while rising claims costs—driven by ... Read the full article
CyberCube launches Exposure Manager to transform cyber portfolio assessment
2nd September 2025
CyberCube, a provider of cyber risk analytics, has launched Exposure Manager (XM), a first-of-its-kind tool that enables re/insurers to efficiently evaluate cyber risk across entire portfolios with powerful, quantified data. CyberCube said the launch marks “the beginning of a new era in cyber insurance,” delivering transparency into portfolio-level exposures and risk ... Read the full article
S&P maintains stable reinsurance outlook but says pricing has passed its peak
2nd September 2025
As the industry prepares to meet in Monte Carlo for RVS 2025, S&P Global Ratings suggests that reinsurance pricing has passed its peak, likely tempering earnings prospects for global reinsurers over 2025–2026; nevertheless, the ratings agency maintains a stable outlook for the sector. The stable outlook is supported by reinsurers' robust ... Read the full article
Envelop Risk welcomes new hires in Bermuda and London
2nd September 2025
Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has announced three new appointments: Michael Murdoch-Smith and JayLynn Hines, who will be based in Bermuda; and Sarah Kennerley, who will be based in London. Murdoch-Smith has been appointed senior vice president, underwriter, reporting to Dominic Peters, CEO of Envelop Underwriting. The ... Read the full article
Moody’s shifts reinsurance sector outlook to stable as market tilts toward buyers
2nd September 2025
Moody's has changed its outlook on the global reinsurance sector to stable from positive, noting that pricing for property reinsurance is declining as the supply/demand balance shifts toward reinsurance buyers. According to Moody’s, abundant traditional market capacity and rising inflows into alternative markets, especially catastrophe bonds, are exerting downward pressure on ... Read the full article
Gallagher Re to enhance APAC footprint with acquisition of Steadfast Re
2nd September 2025
Global reinsurance broker Gallagher Re has further invested in the Asia Pacific region by agreeing to acquire Sydney, Australia-based reinsurance broking firm Steadfast Re Pty Limited. Terms of the deal, which is expected to close in the final quarter of this year, were not disclosed. The acquisition is a reflection of Gallagher ... Read the full article
Global reinsurance capital rises to new high of $805bn: Gallagher Re
2nd September 2025
At the halfway point of 2025, global reinsurance industry capital hit a new high of $805 billion, reflecting growth of 4.8% from the end of 2024, as the underlying return on equity (ROE) of a subset of 16 reinsurers reduced but remained healthy at 12.6%, according to reinsurance broker Gallagher ... Read the full article
Bonjay Koo to lead Enterprise Client solutions for Aon South Korea
2nd September 2025
Aon, a global re/insurance broking group, has announced the appointment of Bonjay Koo as Enterprise Client Leader, Asia Pacific in South Korea. In his new Seoul-based role, Koo will be responsible for the delivery of integrated Risk Capital and Human Capital solutions to Aon’s large multinational and enterprise clients through South ... Read the full article
ICEYE adds Earthquake with Fire Following to multi-peril change detection for re/insurers
2nd September 2025
ICEYE, a global leader in satellite-powered disaster management solutions, has expanded its multi-peril change detection portfolio with the launch of an Earthquake with Fire Following capability, initially available in California. The new solution builds on ICEYE’s proven rapid disaster impact assessment technology, already used in its Hurricane and Wildfire offerings. It ... Read the full article
AM Best says Aspen acquisition could have “material benefits” for Sompo
2nd September 2025
Credit ratings agency AM Best has placed the Financial Strength Rating (FSR) of Sompo Japan Insurance Inc. and its subsidiaries under review with positive implications, citing potential "material benefits in Sompo group’s business profile following the acquisition of Aspen." It was announced last week that Sompo has agreed to acquire ... Read the full article
Westfield Specialty International names Melanie Gilbert as Head of Third Party Claims
2nd September 2025
Westfield Specialty International, a specialty insurance provider, has strengthened its claims leadership with the appointment of Melanie Gilbert as Head of Third Party Claims. Based in London, Gilbert will report to Katie MacGregor, Director of Operations (interim) and Head of Claims at Westfield Specialty International. In her new role, Gilbert will oversee ... Read the full article
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