Reinsurance News
Hong Kong fire to add pressure to P&C sector’s earnings: S&P
4th December 2025
A new review by S&P Global Ratings notes that losses from the recent destructive fire at a Hong Kong residential complex are likely to further strain the underwriting performance of the territory’s property and casualty (P&C) insurance industry. Hong Kong’s P&C sector is expected to see its net combined ratio rise ... Read the full article
AM Best shifts Conduit Re’s outlook to stable and reaffirms strong ratings
4th December 2025
AM Best, the credit rating agency, has adjusted its outlook on Conduit Reinsurance Limited (Conduit Re) from positive to stable. The agency also confirmed Conduit Re’s Financial Strength Rating of A- (Excellent) and its Long-Term Issuer Credit Rating of “a-” (Excellent). Conduit Re, based in Bermuda, is a specialist pure-play reinsurer ... Read the full article
Tiptree shareholders approve sale of Fortegra to DB Insurance
4th December 2025
Tiptree has announced that its shareholders have approved the previously disclosed agreement for DB Insurance Co., Ltd. to acquire all outstanding shares of The Fortegra Group, Inc., a global specialty insurer and subsidiary of Tiptree, at the company’s Special Meeting of Shareholders. Initially announced in September 2025, DB Insurance is ... Read the full article
Swiss Re promotes Nicole Pieterse to Chief People Officer
4th December 2025
Zurich-domiciled global reinsurance company, Swiss Re, has promoted Nicole Pieterse to the role of Chief People Officer, effective January 1st, 2026. She will be taking over from Cathy Desquesses, who will step down for personal reasons. Currently, Pieterse serves as Swiss Re's Head Human Resources for Property & Casualty Reinsurance (P&C Re). She ... Read the full article
Ryan Specialty completes acquisition of Canadian MGU SSRU
4th December 2025
Specialty insurer, Ryan Specialty, has completed its previously announced purchase of Stewart Specialty Risk Underwriting Ltd. (SSRU), a Toronto-based managing general underwriter (MGU). SSRU, a specialist in underwriting large-account, high-hazard property and casualty solutions, will now operate within the Ryan Specialty Underwriting Managers (RSUM) division. The transaction, originally announced on October ... Read the full article
Everest names Bradica as Group Chief Actuary and Kerényi as CRO
4th December 2025
Bermuda-based insurer and reinsurer, Everest Group, has appointed Katy Bradica as its new Group Chief Actuary, and named Attila Kerényi as Group Chief Risk Officer, both effective early January 2026. The pair join the firm's executive leadership team, with Everest noting that the hires enhance its leadership and reinforce its commitment ... Read the full article
Lloyd’s Market Association introduces expanded Emerging Litigation Forum
4th December 2025
The Lloyd’s Market Association (LMA), the body representing the interests of managing agents and Lloyd’s brokers, has announced the creation of the Emerging Litigation Forum (ELF). Introduced by the LMA, this new Forum takes the place of the Environment and Climate Change Litigation Committee (ECLIC) and carries a broader mandate. ELF widens ... Read the full article
Royal London secures £55m BPA transaction as deal pipeline expands
4th December 2025
Royal London, a mutual provider of life, pensions, and investment solutions, has secured a £55 million bulk purchase annuity (BPA) transaction with the Trustees of the Steamship Insurance Management Services Limited Pension and Assurance Scheme. So far in 2025, Royal London’s BPA team has secured 13 transactions with external pension schemes, ... Read the full article
Xceedance introduces Manila talent hub to strengthen global insurance support
4th December 2025
Xceedance, known for its consulting, technology, data, and operational solutions for insurance organisations, has broadened its footprint in Asia with the launch of a new talent hub in Manila, Philippines. The addition is intended to strengthen the company’s capacity to provide continuous support to more than 350 clients across different regions. ... Read the full article
Zurich North America appoints Tom Morelli as US Head of Energy
3rd December 2025
Zurich North America, the commercial property and casualty insurer, has announced the appointment of Tom Morelli to the newly created role of U.S. Head of Energy, where he will lead a new strategic business unit within Specialties. Based in New York, Morelli will be responsible for shaping the technical and strategic ... Read the full article
Ransomware spreads into emerging markets, re/insurers prioritise efficiency & margin stability: CyberCube
3rd December 2025
Ransomware is growing beyond traditional hotspots and spreading rapidly into emerging economies, according to CyberCube’s “Applying Analytics and Threat Intelligence to Grow in a Soft Market” report. The research highlights a significant shift in the threat landscape, with ransomware now expanding into regions undergoing rapid digitalisation, uneven defence, and growing strategic ... Read the full article
AI’s shift from hype to practical adoption gathers momentum, says hx CEO
3rd December 2025
Amrit Santhirasenan, CEO of hyperexponential, says AI is moving beyond hype into practical adoption, and in 2026, the winners will be insurers who invest intelligently in technology and modernise their infrastructure to unlock value. Santhirasenan noted that AI offers insurers a genuine opportunity to achieve both efficiency and profitability gains, driving ... Read the full article
QBE names Sebastian Tjornelund as Asia Head of Marine Underwriting
3rd December 2025
QBE, an international insurer and reinsurer, has announced the appointment of Sebastian Tjornelund as Asia Head, Underwriting, Marine, effective 1st December 2025. In his new role, Tjornelund will shape and implement QBE Asia’s strategy for its marine underwriting portfolios and facultative reinsurance business in the region. He will be responsible for ... Read the full article
AM Best maintains stable outlook on U.S. commercial lines segment
3rd December 2025
AM Best is maintaining its stable outlook for the U.S. commercial lines market, citing the segment’s strong underwriting and overall operating performance, despite variability across individual lines of business. Additional factors supporting AM Best’s stable outlook include continued strength in risk-adjusted pricing and improved investment returns, which have enhanced operating profitability, ... Read the full article
Ryan Specialty Underwriting Managers launches public entity MGU
3rd December 2025
Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, has announced the launch of Ryan Specialty Public Entity, a managing general underwriter (MGU) focused on the public sector. Led by Chris Connacher as its President, the MGU will cover casualty and auto physical damage solutions to publicly owned, ... Read the full article
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