Reinsurance News
Zipper and Bavishi to serve as Co-CEOs of USQRisk as Moreno steps down
28th July 2025
USQRisk, part of Ryan Specialty’s alternative risk division, has promoted Michael Zipper and Parag Bavishi to Co-Chief Executive Officers (CEOs) of USQ, effective August 1st, 2025. Meanwhile, USQ’s current CEO, Anibal Moreno, will be stepping down, effective July 31st, 2025, to focus on personal interests. In April 2025, Ryan Specialty ... Read the full article
CatIQ releases updated industry loss estimate of CAD 1.313bn for 2024 Jasper wildfire
25th July 2025
Catastrophe Indices and Quantification Inc. (CatIQ), an independent Toronto-based provider of catastrophe insurance data and a subsidiary of PERILS, has released its fifth industry-wide loss estimate for the wildfire that swept through Jasper, Alberta, from July 22 to August 17, 2024. The latest estimate pegs insured losses at CAD 1.313 billion, ... Read the full article
AM Best assigns A+ (Superior) ratings with stable outlook to HDI Global UK
25th July 2025
AM Best, the credit rating agency, has issued a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior) to HDI Global UK Limited, a United Kingdom-based subsidiary of HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.), with both ratings accompanied by a stable outlook. The ... Read the full article
Aon’s global reinsurance capabilities continue to get stronger, says CEO Greg Case
25th July 2025
After posting 6% organic revenue growth for the second quarter of 2025 in its Reinsurance Solutions operation, global broking giant Aon's Chief Executive Officer (CEO), Greg Case, has highlighted the firm's client-oriented approach and strengthening global capabilities. Earlier today, Aon reported a strong set of Q2 and H1 2025 results, with ... Read the full article
1B Insurance hires Aon’s John Morley as CEO
25th July 2025
1B Insurance AG, a provider of embedded insurance for digital asset platforms based in Switzerland, has announced the appointment of John Morley as Chief Executive Officer (CEO), effective immediately. Morley brings deep expertise in developing innovative insurance products and data-driven business models to his new role, having most recently served as ... Read the full article
Allianz Commercial appoints Nguyen-Huu as Global Head of Portfolio Solutions
25th July 2025
Allianz Commercial, part of global insurer Allianz, has appointed Doan Nguyen-Huu as Global Head of Portfolio Solutions, effective August 1st, 2025, and Daniel Head as Head of Portfolio Solutions and Delegated Authority, UK Global and International markets, from September 1st, 2025. The two appointments are in the firm’s Portfolio Solutions unit, ... Read the full article
Canadian Personal Auto & Property premium rates continued to rise in Q2’25
25th July 2025
Applied Systems has released the second quarter of 2025 results of the Applied Rating Index, the Canadian insurance industry’s premium rate index, showing year-over-year and quarter-over-quarter increases in average premium rate changes for both Personal Auto and Personal Property lines. In Q2’25, Personal Auto premium rate change increased 14.9% compared to ... Read the full article
Kinsale Capital’s net income increased 44.8% to $134m in Q2’25
25th July 2025
Kinsale Capital Group, Inc. reported a net income of $134.1 million for the second quarter of 2025, which includes after-tax catastrophe losses of $2.9 million, up 44.8% from $92.6 million in the same quarter a year earlier, which included $2.7 million in after-tax catastrophe losses. For the first half of 2025, ... Read the full article
Sands Point Risk acquires Medical Stop Loss MGU BRM Specialty Markets
25th July 2025
Sands Point Risk, a multi-program MGA platform backed by Avesi Partners, has announced its acquisition of BRM Specialty Markets, a Philadelphia-based Medical Stop Loss Managing General Underwriter. The acquisition marks a significant milestone for both companies as they combine their strengths to deliver high-impact solutions across the insurance industry. BRM will benefit ... Read the full article
Aon’s Reinsurance Solutions delivers 6% organic revenue growth to $688m in Q2’25
25th July 2025
Aon, the global insurance and reinsurance broking group, achieved total revenue growth of 11% to $4.2 billion in the second quarter of 2025, with organic growth of 6% in its Reinsurance Solutions arm on the back of double-digit increases in insurance-linked securities (ILS) and facultative placements. Q2 2025 was another strong ... Read the full article
CDI completes review of Verisk’s wildfire model to help address California’s coverage crisis
25th July 2025
The California Department of Insurance (CDI) has completed its review of the Verisk Wildfire Model for the US, approving it for use by insurers in assessing wildfire risk and property insurance ratemaking—marking it as the first catastrophe model to successfully complete evaluation under the state’s new regulatory framework. This marks a ... Read the full article
Universal’s direct premiums written grows 3.2% to $597m in Q2’25
25th July 2025
Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a 3.2% increase in direct premiums written to $596.7 million in the second quarter of 2025, from $578.2 million a year earlier, driven by a 25.4% growth in other states, slightly offset by a 2.5% decrease in Florida. For this ... Read the full article
Cayman Islands Monetary Authority issued 21 new international insurance licences in H1’25
25th July 2025
The Cayman Islands Monetary Authority (CIMA) granted a total of 21 new international insurer licenses in the first half of 2025, as commercial insurance, reinsurance, and captive sectors continue to expand in the region. This was reported in the recently published Q2 2025 licensing statistics by the CIMA. The total number includes ... Read the full article
Everest’s Glen Browne joins AIG as Global Head of Accident & Health
25th July 2025
Global insurer American International Group, Inc. (AIG) has appointed Glen Browne as its new Global Head of Accident & Health (A&H), effective September 3rd, 2025. He will be based in Zurich, Switzerland and report to Jon Hancock, Executive Vice President and Chief Executive Officer (CEO), International Commercial Insurance and Global Personal ... Read the full article
LMA, IUA, and LIIBA report drop in trade credit insurance claims for 2024, with Africa leading totals
25th July 2025
A new report recently released has highlighted a significant reduction in the number and value of trade credit insurance claims worldwide. The data comes from an annual market survey conducted by A2Z Risk Services on behalf of the Lloyd’s Market Association (LMA), the International Underwriting Association (IUA), and the London & ... Read the full article
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