Reinsurance News
Descartes Underwriting strengthens leadership with key senior hires to support growth
22nd May 2025
Descartes Underwriting, a provider of corporate parametric insurance solutions specialising in climate, cyber, and emerging risks, has revealed two important senior appointments aimed at strengthening its operations and claims functions. These new roles are designed to enhance service for brokers and clients by boosting efficiency and quality during a phase of ... Read the full article
Political risk insurance demand up amid geopolitical and economic uncertainty: Howden
22nd May 2025
Demand for political risk insurance has gone up by 33% due to considerable uncertainty around the geopolitical and macroeconomic environment, a new Howden report has revealed. The ‘Opportunity in flux’ highlights how increased geopolitical rivalries, policy uncertainty and competition for critical minerals are reshaping the risk landscape as well as driving ... Read the full article
Protecdiv hires Tamika Puckett as EVP & Public Sector Practice Leader
22nd May 2025
Tamika Puckett has been appointed as Executive Vice President and Public Sector Practice Leader, at Protecdiv, where she will lead the development and execution of the firm's risk management strategies for public sector clients, overseeing a wide range of innovative solutions designed to meet the unique challenges faced by federal, ... Read the full article
HDI Global posts improved CoR of 91.1% in Q1’25
22nd May 2025
HDI Global, a commercial and specialty lines insurer, reported an improved combined ratio of 91.1% for the first quarter of 2025, compared to 91.8% in the same period last year. The net insurance financial and investment result before currency effects rose slightly to EUR 49 million in Q1’25, compared to EUR ... Read the full article
Generali reports 8.6% rise in operating result for Q1’25 with strong P&C performance
22nd May 2025
Italian insurer Generali has reported growth in its consolidated operating result of 8.6% to €2.1 billion for the first quarter of 2025, driven by all business segments, notably its Property and Casualty (P&C) arm as the combined ratio strengthened by 1.4 percentage points year on year to 89.7%. Generali's P&C business ... Read the full article
May severe weather outbreaks could rank among costliest in US history: Aon
22nd May 2025
Given the widespread tornado, hail, and wind damage across the central and eastern United States, Aon has suggested that the May 14–17 outbreak could rank among the costliest severe weather events in U.S. history when adjusted for inflation. In a new report, Aon examined the meteorological drivers and impacts of two ... Read the full article
Pacific Life Re in second asset intensive reinsurance agreement with Anshin Life
22nd May 2025
Life insurer Pacific Life Re has entered into a second asset intensive reinsurance agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings. The new deal builds on the pair’s first successful transaction, which took place in May 2024. This ... Read the full article
First-ever jaguar protection insurance launched in Argentina: UNDP
22nd May 2025
A first-of-its-kind insurance product has been launched in Argentina to protect the critically endangered jaguar while supporting local livestock owners. It was developed through a partnership between the Government of the Province of Misiones, the United Nations Development Programme (UNDP), insurer Río Uruguay Seguros, and local conservation groups including Aves Argentinas. The ... Read the full article
Sarah Maune joins Gallagher Re Life Solutions team as VP
22nd May 2025
Reinsurance broker Gallagher Re has announced the addition of Sarah Maune to its Life Solutions team as Vice President (VP). Maune brings over 16 years of life re/insurance experience to her new role. She is joining Gallagher Re following a decade with life and health reinsurer RGA, where she was part of ... Read the full article
Labuan IBFC welcomes new Chairman and board member
22nd May 2025
Labuan IBFC Inc., an Asian financial hub known for its insurance, reinsurance, Islamic finance, and digital business solutions, has announced the appointment of Steven Choy Khai Choon as Chairman, and Dr. Aida Othman as a member of its Board of Directors. Effective 12 March 2025, both individuals have been appointed for ... Read the full article
Exporters brace for impact as Allianz Trade survey reveals deep fallout from US tariff moves
22nd May 2025
Allianz Trade, a provider of trade credit insurance and part of the Allianz Group, has released new findings from its 2025 Global Survey that show just how sharply the ongoing US trade war is hitting international exporters. The survey, which gathered insights from 4,500 companies in nine major economies before and ... Read the full article
TransRe calls for urgent and substantial D&O price increases amid unprofitable market conditions
21st May 2025
Reinsurer TransRe is urging immediate and material increases in US Public Directors & Officers (D&O) insurance pricing, warning that the current market remains unsustainable. In a recent market update, TransRe states that the D&O sector is once again operating at a loss, despite prior correctional pricing measures. TransRe argues that rationales often ... Read the full article
M&S estimates £300m hit to operating profit from recent cyberattack
21st May 2025
Large British retailer Marks & Spencer (M&S) has disclosed that the recent cyber attack is estimated to impact Group operating profit by approximately £300 million for 2025/26. As a reminder, on 22 April 2025, M&S announced it was responding to a cyber incident that had disrupted its operations. The attack is ... Read the full article
Reinsurance capacity growth supports Philippine’s non-life insurance stable outlook: AM Best
21st May 2025
Credit rating Agency AM Best has maintained a stable outlook on the Philippine non-life insurance market, citing growth factors and steady increase in the availability of reinsurance capacity in the country, which is expected to mitigate catastrophe risks for insurers while preserving market share. The agency anticipates that price corrections in ... Read the full article
Munich Re Ventures closes $125m fund from HSB
21st May 2025
After a decade of investing in companies at the intersection of risk and technology, Munich Re Ventures (MRV), the venture capital arm of Munich Re Group, has closed its fifth fund of $125 million from its founding limited partner, HSB. The funding will be used to invest in Built World startups ... Read the full article
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