Reinsurance News
AM Best raises ratings for Junto Re and Junto Seg, sets stable outlook
24th November 2025
Credit rating agency AM Best has raised the Financial Strength Rating of Junto Resseguros S.A. (Junto Re) and Junto Seguros S.A. (Junto Seg) to A (Excellent) from A- (Excellent). The Long-Term Issuer Credit Ratings were also lifted to “a” (Excellent) from “a-” (Excellent). Both firms, headquartered in Brazil and collectively known ... Read the full article
BOXX to help businesses & individuals build resilience with Cyberboxx Assist
24th November 2025
Insurtech firm BOXX Insurance has launched a comprehensive suite of cybersecurity tools and services that have been designed to build digital resilience. Cyberboxx Assist is a robust suite of tools designed to help businesses and individuals not only predict, prevent, and respond to cyber attacks but also to mitigate the risk ... Read the full article
European and US P&C markets heading towards “progressively softer” environment: Autonomous
21st November 2025
The global insurance industry is heading towards a “progressively softer market environment,” with pricing momentum deteriorating across most European and US property and casualty (P&C) lines, according to a recent Autonomous report. While the report states that this is not yet a “full-blown soft cycle,” as only the UK & Ireland ... Read the full article
Gallagher Re Chairman Paddy Jago to retire in 2026
21st November 2025
Patrick (Paddy) Jago, Chairman of global reinsurance brokerage Gallagher Re, is set to retire at the end of 2026, concluding a 50-year career in the industry. During his time as Global Chairman, Jago served on the executive committee, working closely with the CEO to drive the firm’s strategic direction. He also led ... Read the full article
Crawford & Company names Bruce Swain as Interim President & CEO
21st November 2025
Crawford & Company, a global provider of claims management and outsourcing solutions to insurance companies and self‐insured entities, has announced that Bruce Swain will assume the role of Interim President & Chief Executive Officer (CEO). This follows Rohit Verma’s decision to step down to pursue a new opportunity, effective December 31, ... Read the full article
Majesco to acquire Vitech, expanding cloud-native insurance and pension technology capabilities
21st November 2025
Majesco, a provider of cloud-native, AI-driven software for the P&C and L&AH insurance segments, has announced an agreement to acquire Vitech, a developer of cloud-based pension and benefits administration solutions. The transaction will establish Majesco as a provider of core technology for the Group & Benefits and Retirement & Pension markets. ... Read the full article
AM Best turns positive on AIG and its P&C subsidiaries
21st November 2025
Credit rating agency AM Best has revised the outlooks of American International Group, Inc.’s (AIG) property/casualty (P&C) insurance subsidiaries (AIG PC) to positive from stable, while affirming the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent). Concurrently, AM Best has revised ... Read the full article
S&P expects continued expansion of PRT market
21st November 2025
S&P Global Ratings anticipates that the transfer of pension risks to the life insurance industry will continue to grow over the next decade, noting that insurers’ robust capital buffers and prudent mortality assumptions are limiting downside rating risks. S&P’s recent report, “Insuring Longevity Risk In An Aging World,” stated that for ... Read the full article
US SCS losses reach $42bn, establishing a “new normal”: Moody’s
21st November 2025
Insured losses related to US severe convective storms (SCS) reached $42 billion in the first nine months of 2025, with average per-event costs 31% higher than the previous decade’s average, establishing a “new normal” for extreme weather, according to a recent Moody’s analysis. SCS, characterised by winds exceeding 58 MPH, hail ... Read the full article
European reinsurers seen moving toward greater earnings stability: J.P. Morgan
21st November 2025
J.P. Morgan, a global investment bank, notes that the European reinsurance sector appears to be moving toward a more stable and consistent earnings pattern. The company notes that reinsurers do not usually absorb the majority of expected catastrophe-related claims, but they remain the main source of year-to-year fluctuation. The industry entered 2025 ... Read the full article
Gallagher Re appoints Parrus Kunvarji as Executive Director, Customised Solutions, APAC
21st November 2025
Global reinsurance brokerage Gallagher Re has announced the appointment of Parrus Kunvarji as Executive Director, Customised Solutions – APAC. In his new role, Kunvarji will be responsible for Gallagher Re’s customised portfolio in APAC, focusing on driving growth and expansion in this space. He joins Gallagher Re from Pacific International Insurance (AU/NZ), ... Read the full article
Diot-Siaci completes new ownership structure
21st November 2025
The Diot-Siaci Group, an independent insurance and reinsurance consulting and brokerage group, has finalised its new ownership structure following the signing of the agreement on 6 August 2025. As a result, the Burrus Group, a long-standing shareholder, has increased its stake from 42% to 47% of the ownership structure. Management and ... Read the full article
Lockton promotes Harsh Chhajer to Power & Energy Growth Leader, Asia
21st November 2025
Lockton, a global independent insurance brokerage, has announced the promotion of Harsh Chhajer to Power & Energy Growth Leader, Asia. In his new role, Chhajer will drive the production strategy within the newly established Regional Power & Energy Steering Committee (RPESC). He will focus on helping Lockton deliver differentiated solutions tailored to ... Read the full article
Fitch upgrades Fortitude Re’s ratings on improved company profile
21st November 2025
Fitch Ratings has upgraded Fortitude Re’s ratings, citing an improved company profile that has strengthened in recent years through a series of strategic transactions, including reinsurance deals that have expanded the company’s scale and diversified its risk exposure. Notably, Fitch has upgraded Fortitude Reinsurance Company Ltd. (FRL) and Fortitude Life Insurance ... Read the full article
Arch Insurance appoints Sean Brady as SVP Program Management, Consumer Division
21st November 2025
Arch Insurance, a division of Bermuda-based re/insurer Arch Capital Group, has announced the appointment of Sean Brady as Senior Vice President (SVP), Program Management for the Consumer Division. Arch’s Consumer Division includes the Travel, Accident & Health, and Warranty & Lenders Solutions lines of business. In his new role, Brady will report ... Read the full article
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