Reinsurance News
ACCC opposes IAG’s acquisition of RAC WA’s insurance arm
11th December 2025
The Australian Competition and Consumer Commission (ACCC) has announced its opposition to Insurance Australia Group Limited’s (IAG) proposed acquisition of RAC Insurance Pty Limited (RACI) from the Royal Automobile Club of Western Australia Inc, citing concerns that the deal would likely lead to a substantial reduction in competition in the ... Read the full article
Citizens proposes rate reductions for many policyholders
11th December 2025
Citizens Property Insurance Corporation, Florida’s state-backed insurer created to provide coverage when private options are unavailable, announced Wednesday that its Board of Governors has approved proposed 2026 rates that would lower average premiums for personal lines customers for the first time since 2015, reflecting how recent legislative changes have strengthened ... Read the full article
RGA welcomes Ryan Krueger as Senior VP, Investor Relations
11th December 2025
Reinsurance Group of America (RGA), Incorporated, a global life and health reinsurer, has announced the appointment of Ryan Krueger as Senior Vice President, Investor Relations, effective January 5, 2026. Reporting to Executive Vice President and Chief Financial Officer Axel André, Krueger will take on a leadership role in RGA's investor relations. He ... Read the full article
LGRA estimates $9bn total premium for US PRT market in Q3’25
11th December 2025
Legal & General Retirement America (LGRA), a business unit of Legal & General America, has estimated that total premium of the US Pension Risk Transfer (PRT) market for the third quarter of 2025 will be around $9 billion, a decrease compared to $15.5 billion in Q3’24. During the first half of ... Read the full article
Chris Aries to serve as General Counsel, Howden US
11th December 2025
Howden, the global insurance and reinsurance broking group, has appointed Chris Aries as General Counsel of its US retail broking and advisory business. In his new role, Aries will serve as the primary legal advisor to Howden’s US business, covering both specialty and retail insurance lines. He joins the senior leadership team, ... Read the full article
Lower reinsurance costs drive reduced insurance rates in Louisiana
11th December 2025
Louisiana Insurance Commissioner Tim Temple has approved requests from SureChoice Underwriters Reciprocal Exchange (SURE) and Elevate Reciprocal Exchange for an average 7.5% rate reduction, benefiting the companies’ more than 73,000 homeowners policyholders and over 17,000 dwelling policyholders. The changes, which take effect on February 16, 2026, reflect statewide averages, meaning each ... Read the full article
The Fidelis Partnership relocates European headquarters to Dublin
11th December 2025
The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has transferred its primary European entity from Brussels to Dublin, effective 1st December 2025. TFP has established Dublin as the hub to access the European market, reflecting its increasing investment in Ireland and further supporting its overall European growth objectives. Over the ... Read the full article
Aviva to adopt hx’s full suite of AI-powered capabilities
11th December 2025
hyperexponential (hx), a pricing and underwriting platform for re/insurers, has expanded its strategic partnership with Aviva to accelerate the British insurers’ AI-powered underwriting and pricing transformation. This builds on the announcement in July 2025, with Aviva leading hx’s AI beta programme, spearheading the exploration of the newly launched Actuarial Agent ... Read the full article
Moody’s RMS launches new North America severe convective storm models
11th December 2025
Moody’s RMS has launched its new North America Severe Convective Storm HD Models at a time when recent industry events have highlighted the pressing need for more robust and reliable risk modelling. According to the firm, in the last three years, U.S. insured losses from severe convective storms (SCS) have exceeded ... Read the full article
Radian receives all regulatory approvals required for Inigo acquisition
11th December 2025
Radian Group Inc., a US-based company primarily known for mortgage insurance, has received all regulatory approvals required for its pending acquisition of Inigo Limited, a specialty insurance group underwriting through Lloyd’s of London. The transaction is expected to close in February 2026, subject to the satisfaction of customary closing conditions. This deal ... Read the full article
Westfield Specialty International to launch into company market
11th December 2025
Westfield Specialty International, a specialty insurance provider, has announced plans to expand its business from a Lloyd’s-only vehicle into the company market. Westfield Specialty intends to launch a Luxembourg subsidiary and use this platform to underwrite risks on company paper alongside its existing capacity within Syndicate 1200 at Lloyd’s, subject to ... Read the full article
Munich Re plans to reach ‘even higher peaks’ by 2030, says CFO
11th December 2025
In its new multi-year strategy, Ambition 2030, Christoph Jurecka, Chief Financial Officer and designated Chair of the Board of Management at Munich Re, stated that the firm aims to reach even higher peaks in every respect, thereby outpacing and outperforming its peers by the end of the cycle. Munich Re ... Read the full article
Bold Penguin partners with Adaptive for parametric insurance coverage
11th December 2025
Bold Penguin, a digital solutions provider for commercial insurance, has partnered with Adaptive Insurance, a pioneer in AI-driven coverage. The collaboration brings Adaptive’s GridProtect parametric power outage coverage to the Bold Penguin platform, marking the first time a parametric insurance carrier has been integrated into the company’s digital exchange. This partnership will ... Read the full article
IUA establishes Chief Underwriting Officers Council for London company market
11th December 2025
The International Underwriting Association (IUA), which represents London Market insurers and reinsurers, has established a new Chief Underwriting Officers Council for the London company market. The newly established group will offer leadership and guidance for all of the IUA’s work supporting the underwriting operations of its members. It will also offer ... Read the full article
Zurich broadens Builders Risk coverage with new data centre solution
11th December 2025
Zurich North America, the commercial property and casualty insurer, has announced the launch of Data Center Project Guard, a new offering that both broadens and customises Zurich's Builders Risk coverage. This product, described as a first-of-its-kind, aims to address coverage gaps and unique loss drivers for data centers, a segment experiencing ... Read the full article
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