Reinsurance News
Canada’s secondary peril losses demand new risk management strategies: Swiss Re
15th August 2025
Jolee Crosby, CEO of Reinsurance Canada at Swiss Re, highlights the urgent need for the insurance industry to respond to the increasing financial impact of secondary natural hazards in Canada. As the country faces a rise in costly floods, wildfires, hailstorms, and post-tropical storms, traditional modelling alone is no longer sufficient ... Read the full article
Potential merger of Indonesian reinsurers could weaken capital profile without fresh funding: Fitch
15th August 2025
Fitch Ratings, a credit rating agency, stated on 14 August 2025 in Sydney and Jakarta that the proposed consolidation of three Indonesian reinsurers could undermine the capital strength of the domestic reinsurance sector in the absence of fresh capital injections. Fitch said the merged company would likely have reduced underwriting capacity, ... Read the full article
Dedicated reinsurance capital to hit record $649bn in 2025: AM Best/GC
15th August 2025
Global dedicated reinsurance capital is projected to climb to an unprecedented $649 billion in 2025, according to estimates from AM Best and Guy Carpenter. As readers will see from the image below, the anticipated 2025 figure would surpass the previous peak of $607 billion recorded in 2024 and mark a sharp ... Read the full article
Blenheim Underwriting appoints Alex Stratton-Thomsett as Casualty Underwriter
15th August 2025
Blenheim Underwriting, a specialist managing general agent (MGA) and Lloyd’s coverholder, has appointed Alex Stratton-Thomsett as Casualty Underwriter, effective 8 January 2026. In his new role, Stratton-Thomsett will collaborate with David Barber, Senior Casualty Underwriter, to accelerate the growth of Blenheim’s casualty portfolio. Stratton-Thomsett brings 25 years of specialist experience in the ... Read the full article
Equitable takes step to mitigate mortality risk with major reinsurance deal
15th August 2025
Equitable Holdings, a financial services company specialising in retirement, wealth management, and protection solutions, has recently announced that it has completed a major strategic transaction aimed at substantially reducing its exposure to mortality-related risk. On July 31, the company finalised a reinsurance agreement with Reinsurance Group of America (RGA), which is ... Read the full article
Kalepa expands technology partnership with W. R. Berkley Corporation affiliate
15th August 2025
Kalepa, a company specialising in underwriting technology solutions, has entered into an agreement with an affiliate of W. R. Berkley Corporation, a commercial lines insurance provider in the United States. The agreement will broaden the use of Kalepa’s platform to help improve efficiency and accuracy in underwriting across Berkley’s various operating ... Read the full article
July renewal rates up across all commercial lines except Workers’ Comp: Ivans
15th August 2025
Ivans, a division of Applied Systems, has released the July 2025 results of the Ivans Index, showing that average premium renewal rates increased year over year across all major commercial lines of business except Workers’ Compensation. Month over month, General Liability, Umbrella, and Workers’ Compensation experienced increases in premium renewal rates, ... Read the full article
Marsh launches BrokerSafe amid ongoing challenges in freight broker auto liability market
15th August 2025
Marsh, an insurance broker and risk advisor under Marsh McLennan, has introduced BrokerSafe, an insurance facility aimed at US freight brokers seeking access to auto liability coverage in a market where options have become more limited and costly. Freight brokers link shippers with trucking companies, but their position can leave them ... Read the full article
Orion180 and Neural Earth partner to advance homeowners insurance risk assessment
15th August 2025
Orion180, a provider of insurance solutions, and Neural Earth Inc., a company specialising in AI-based geospatial risk analytics, have announced a partnership aimed at improving how homeowners insurance risks are assessed, priced, and managed. As part of the agreement, Orion180 will integrate Neural Earth’s Risk Intelligence Platform and Neural Earth Studio ... Read the full article
LSM strengthens power and renewables offering with key appointments
15th August 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced a number of strategic appointments within its energy division aimed at bolstering its power and renewables offering. Alex Nelson has joined the energy team as Underwriting Manager for Power & Renewables, alongside Andrea Ciraci and Oliver Prout, who have ... Read the full article
IRB(Re) net income up 120% and CoR improves in Q2’25
15th August 2025
Brazilian reinsurer IRB(Re) reported a net income of R$ 144 million for the second quarter of 2025, representing a significant 120% increase from R$ 65 million in the prior year quarter. The company attributed this strong performance to financial and equity income of R$ 163 million and the positive underwriting result. Underwriting ... Read the full article
SCOR/Covéa arbitration on retrocession treaties stays on track
15th August 2025
SCOR has confirmed that the arbitration tribunal overseeing its dispute with Covéa over June 2021 retrocession treaties will keep to the original timetable, with a final ruling expected in 2026. Providing some background, in 2022, SCOR filed an arbitration seeking the execution of the retrocession treaties signed with Covéa in June ... Read the full article
MNRB posts best ever Q1 profit driven by Malaysian Re
15th August 2025
MNRB Holdings Berhad (MNRB), has reported its financial results for the first quarter ending June 30th, 2025 (Q1 FY’26), including a best opening quarter performance since inception with profit after tax (PAT) of RM168.4 million (USD 39.9m), up 82.7% from RM92.2 million (USD 21.9m) in Q1 FY’25, largely driven by ... Read the full article
Hiscox appoints Matthew Budd Group Head of Technical Claims
15th August 2025
Specialist insurer Hiscox has announced the appointment of Matthew Budd as Group Head of Technical Claims, a newly created role. Based in London, Budd will be responsible for overseeing the Group’s technical claims operations as the business continues to fulfil its growth ambitions and deliver innovative solutions to customers. An executive with ... Read the full article
Swiss Re urges vigilance amid geopolitical, economic, and climate risks
15th August 2025
In their mid-year letter to shareholders, reinsurance company Swiss Re’s Chairman Jacques de Vaucleroy and Group Chief Executive Officer, Andreas Berger stressed the importance of maintaining vigilance, even in a period of strong operational performance. They pointed out that 2025’s outlook remains unsettled, shaped by geopolitical tensions and macroeconomic uncertainty, which ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
