Reinsurance News
Origin Specialty and Emerald Bay launch new Specialty Property Program
20th May 2025
Origin Specialty, a partner company of Beyond Risk, is combining its deep expertise in hospitality underwriting with Emerald Bay’s strong financial backing and collaborative approach for the launch of a new Specialty Property Insurance Program. Tailored specifically for quick-service restaurants (QSRs), the new program features enhanced property coverages and in-house claims ... Read the full article
Marsh appointed Broker for Royal Australian Navy’s Maritime Insurance Program
20th May 2025
Marsh, an insurance broker and risk advisor within Marsh McLennan, has been appointed by the Australian Government to the Maritime Insurance Program (MIP), which encompasses all aspects of the country’s naval shipbuilding, sustainment, and modernisation efforts. Under the appointment, Marsh will provide broking and risk advisory services to the Royal Australian ... Read the full article
Tokio Marine’s international business reports 2% decrease in profits in FY’24
20th May 2025
Tokio Marine Holdings has announced its full year 2024 financial results for its International business, reporting JPY 428.4 million in profits, a 2% decrease compared to 2023’s JPY 436.9 million. According to the firm, the decrease was mainly due to "one-off effects" totalling -JPY38.3 billion. This included capital loss mainly due ... Read the full article
MS Amlin Underwriting posts net income of £149m for FY’24
20th May 2025
Global insurer and reinsurer MS Amlin Underwriting Limited (MS AUL) has reported a net income of £149 million for the full year 2024, representing a reduction of £47 million compared to the £197 million recorded the year prior. The company attributed the decline in net income to an increase in corporate ... Read the full article
Reinsurance, cat bonds, and mutual risk pools vital to Europe’s food security: Howden
20th May 2025
A new report from Howden has revealed that the European agriculture sector loses an average of €28 billion annually due to adverse weather, with farmers bearing 70–80% of all weather-related farm losses, highlighting a significant insurance protection gap. According to Howden, drought is responsible for over half of total agricultural losses ... Read the full article
D&O insurance sees strongest loss performance in over a decade despite premium decline
20th May 2025
AM Best, a credit rating agency and provider of financial data and analysis for the insurance industry, reports that insurers offering directors and officers (D&O) liability coverage in the US recorded their most favourable loss experience in more than ten years during 2024, despite declining premium volumes and ongoing underwriting ... Read the full article
MS Reinsurance’s GWP hit $3.6bn in 2024, CoR improved to 88.7%
20th May 2025
MS Reinsurance (MS Re), a Switzerland-domiciled global reinsurer, has reported growth of 17.6% in gross written premiums (GWP) to $3.6 billion for full year 2024, up from $3.1 billion in 2023, driven by top line growth in a favourable market environment, in line with the company’s strategy to build a ... Read the full article
MarshBerry expands European footprint with expansion in DACH region
20th May 2025
MarshBerry, a global M&A and investment advisor for insurance brokers, Managing General Agents (MGAs) and wealth management firms, continues its European growth strategy with the establishment of a presence in Germany, Austria, and Switzerland (the DACH region). This strategic move sees the appointments of Dr. Fabian Seul (Managing Director), David Kuprasch-Sras ... Read the full article
Sompo International’s FY’24 GWP expand as CoR improves to 96.3%
20th May 2025
Sompo International has reported an adjusted profit of $1.38 billion for the 2024 financial year (FY2024), an increase of $230 million year-over-year, driven by robust top-line growth, reduced adverse prior-year development, and higher net investment income. Meanwhile, the firm reported gross written premiums (GWP) of $16.53 billion for FY2024, up from ... Read the full article
HDI Global appoints Phil McDowell as Global Sales & Distribution Lead
20th May 2025
Commercial and specialty lines insurer HDI Global has announced the appointment of Phil McDowell as Global Sales & Distribution Lead for International Programmes and Captives. Based in London, McDowell will work within the global International Programmes (IP) department, focusing on strengthening relationships with global and international brokers. His priorities include enhancing ... Read the full article
Gaffigan becomes Lockton’s U.S. Market Strategy and Engagement Group Leader
20th May 2025
Vincent J. Gaffigan has been appointed U.S. Market Strategy and Engagement Group Leader at Lockton, reporting to Devin Beresheim, Lockton U.S. Risk Solutions Leader. Gaffigan will leverage his 35 years in the industry to strengthen the company’s deep relationships with its trading partners while advancing the use of market intelligence and ... Read the full article
Hamilton adds David Priebe and Karen Green to Board
20th May 2025
Bermuda-domiciled insurer and reinsurer Hamilton Insurance Group has appointed David Priebe and Karen Green to its Board of Directors, effective May 15th, 2025. Simultaneously, long-standing Director, Bill Freda, who has served on the Board since June 2014, has chosen to retire, also effective May 15th, 2025. He held the position of ... Read the full article
P&C sector steady but valuation becoming less attractive: Morgan Stanley
20th May 2025
The broader property and casualty (P&C) insurance trend is expected to remain steady through 2025, with personal lines and brokers likely leading on the earnings growth front, however, sector valuations are becoming less attractive as earnings become increasingly bifurcated, according to analysts at Morgan Stanley. While the P&C sector has held ... Read the full article
Theo Pitsikas appointed Head of SME APAC for Zurich Insurance Asia Pacific
20th May 2025
Zurich Insurance Asia Pacific has announced the appointment of Theo Pitsikas as Head of SME APAC, in which he will be responsible for leading efforts across Asia Pacific markets to strengthen the group’s presence within the Small to Medium Size Enterprise (SME) segment. Due to the relatively low penetration in developing ... Read the full article
Aon and Moody’s expand reinsurance casualty collaboration
19th May 2025
Global insurance and reinsurance broker Aon has expanded its reinsurance casualty collaboration with Moody's Insurance Solutions into commercial risk. Building on the initial success in casualty reinsurance, the collaboration will now deliver insights on climate casualty and other emerging risks, risk mitigation strategies, and excess casualty named-peril products for commercial insurance ... Read the full article
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