Reinsurance News
CatIQ raises 2024 Calgary hailstorm industry loss estimate to CAD 3.29bn
6th August 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has released its fifth industry loss estimate for the hailstorm that affected Calgary, Alberta, on 5th August 2024, raising the total to CAD 3.29 billion. This marks a slight increase from the fourth estimate, issued six months after the ... Read the full article
We don’t believe it’s a soft market, most classes we write more than adequately priced: Lancashire CEO
6th August 2025
Insurance market conditions remain favourable with most lines of business well priced, and while rates have come down from recent highs, Alex Maloney, CEO of Bermuda-based insurer and reinsurer Lancashire, has said after seven years of aggregate rate change, you don't transition to a soft market in six months. Speaking recently ... Read the full article
Resilience names James C. Riviezzo as Head of NA Distribution & Strategy
6th August 2025
Resilience, a provider of cyber risk solutions, has appointed James C. Riviezzo as Head of North American Distribution and Strategy. The appointment follows a time of significant growth for Resilience as it continues to expand its enterprise client base and strengthens its position as an innovator in the cyber risk management ... Read the full article
Hippo’s revenue increased 31% to $117m in Q2’25
6th August 2025
Home insurance firm Hippo reported a 31% year over year increase in revenue to $117 million in the second quarter of 2025, driven by growth in gross earned premium and higher premium retention. Gross written premium rose 16% to $299 million, supported by organic growth in existing business and the launch ... Read the full article
Talanx’s retail division sells its Argentinian and Uruguayan subsidiaries to BARBUSS
6th August 2025
The Retail International division of European insurer Talanx Group has sold its Argentinian and Uruguayan entities to BARBUSS, a global holding company providing a range of insurance, claims management and financing solutions. Both entities are now owned by BARBUSS S.A., except for a remaining 10% portion of HDI Seguros Uruguay, which ... Read the full article
The Baldwin Group’s total revenue grows to $378.8m in Q2’25
6th August 2025
The Baldwin Group, an independent insurance distribution firm, has announced its financial results for the second quarter of 2025, reporting total revenue growth of 11% year-over-year despite a net loss of $5.1 million. The company’s total revenue stood at $378.8 million for Q2 2025, which compares to the $339.8 million reported ... Read the full article
Nexus Mutual responds to Arcadia Finance exploit, reinforcing commitment to onchain protection
6th August 2025
Nexus Mutual, a decentralised risk protection platform that provides crypto-native cover, responded swiftly following a smart contract exploit on Arcadia Finance that occurred on July 15, which led to losses of approximately $3.6 million. The exploit allowed an attacker to directly withdraw funds from user accounts, affecting several individuals who held ... Read the full article
American Financial reports net earnings of $174m in Q2’25
6th August 2025
American Financial Group, Inc. (AFG) reported net earnings of $174 million for the second quarter of 2025, down from $209 million in the same quarter a year earlier. Net earnings included after-tax non-core losses of $5 million, compared to $6 million in Q2’24. Core net operating earnings for the quarter were $179 ... Read the full article
Large spread of price movements at the mid-year, Hiscox Re & ILS portfolio well rated: Group CUO
6th August 2025
Joanne Musselle, Group Chief Underwriting Officer (CUO) of specialist insurer and reinsurer Hiscox, has explained that although the Hiscox Re & ILS business saw aggregate rates decline 6% in the first half of the year, the firm did see a "relatively large spread at the mid-year renewals." During Hiscox's recently held ... Read the full article
Guidewire introduces Niseko to enhance insurance financial and risk insights
6th August 2025
Guidewire, a provider of software solutions for the insurance industry, has released Niseko, its latest update aimed at offering insurers improved visibility into financial performance and risk exposure. Niseko provides developers with tools designed to simplify the process of updating custom software extensions, automate and reuse core business functions to speed ... Read the full article
Continental Re promotes Moadh Derbali to Head of Underwriting, Facultative
6th August 2025
Pan-African reinsurer Continental Reinsurance has promoted Moadh Derbali to Head of Underwriting for its Facultative Business. According to the reinsurer, his "extensive experience in claims handling, field expertise as a loss adjuster, and prevention engineering is a valuable asset to the team." Derbali brings more than 18 years of experience in the ... Read the full article
Heritage posts higher net income in Q2’25 as CoR improves to 72.9%
6th August 2025
Heritage Insurance has reported Q2 2025 net income of $48 million, up from $18.9 million in the prior year quarter, primarily driven by a reduction in losses and loss adjustment expenses and a reduction in other operating expenses, with an increase in net premiums earned. According to Heritage, the improvement in ... Read the full article
WTW and Klarity partner to enhance life insurance pricing with wearable tech data
6th August 2025
WTW, an advisory and broking firm, is working with UK-based health data analytics company Klarity to test whether wearable technology can improve how life insurers assess and price individual risk. Current life insurance underwriting methods typically rely on factors like cholesterol levels, blood pressure, BMI, smoking status, and family medical history. While ... Read the full article
UIB International sells minority stake in UIB India
6th August 2025
UIB International Ltd, the holding company for the UIB Group’s global investments, has announced the sale of its minority shareholding in UIB Insurance Brokers (India) Private Ltd (UIB India) to Edme Services Private Ltd, an affiliate of Samara Capital, an Indian private equity firm. The transaction, a collaboration with majority shareholders ... Read the full article
Corebridge reports 10% APTOI increase in Q2’25 despite net loss
6th August 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the second quarter of 2025, reporting an adjusted pre-tax operating income (APTOI) of $942 million despite a net loss of $660 million. Q1 2025’s net loss compares to a gain of $365 million reported in the same ... Read the full article
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