Reinsurance News
Travelers renews cat reinsurance programs at mid-year on similar terms, broadens coverage
17th July 2025
US primary insurer Travelers has renewed its major catastrophe reinsurance programs at mid-year on terms largely consistent with the prior year, with some adjustments to coverage. Namely, effective July 1, 2025, Travelers renewed its Northeast Property Catastrophe Excess-of-Loss Reinsurance to provide the same $1 billion of coverage, from the same ... Read the full article
Travelers returns to underwriting gain in Q2‘25
17th July 2025
US primary insurer The Travelers Companies, Inc. has announced its results for the second quarter of 2025, reporting an underwriting gain of $1.022 billion, a significant improvement compared to the prior year quarter’s loss of $65 million, as net income grew 183% year-on-year. The insurer’s net income increased to $1.509 billion ... Read the full article
Gallagher expands Evolve smart-follow facility with new power risks
17th July 2025
Insurance and reinsurance brokering group Gallagher has introduced a new product line within its Evolve placement strategy, which offers automatic, immediate and bespoke coverage for Conventional Power clients around the world. Evolve, powered by InsurX’s smart follow technology, is multi-line portfolio tracker solution launched in February last year which unlocks seamless ... Read the full article
IDF develops parametric flood insurance product for Lagos
17th July 2025
The Insurance Development Forum (IDF), in collaboration with the United Nations Development Programme (UNDP) and the German Federal Ministry for Economic Cooperation and Development (BMZ) through the InsuResilience Solutions Fund (ISF), has completed the design of a parametric flood insurance solution for the Lagos State Government in Nigeria as part ... Read the full article
Guy Carpenter sees revenue climb 7% to $677m in Q2’25
17th July 2025
Guy Carpenter, the reinsurance arm of the global broking group Marsh McLennan, saw its revenue reach $677 million in Q2 of 2025, up 7% compared to the same period of 2024. Marsh McLennan's Risk & Insurance Services segment, of which Guy Carpenter is part, had revenue of $4.6 billion in Q2 ... Read the full article
Swiss Re projects 10% ROE for US P&C insurance in 2025 on investment gains
17th July 2025
A new report from Swiss Re projects a favourable 2025 outlook, with the U.S. property & casualty industry expected to maintain a 10% ROE through 2026, as improved investment returns help offset weaker underwriting profitability despite historically strong, though slowing, underlying results. According to Swiss Re's new report, the US P&C ... Read the full article
Gold Standard appoints Howden to assess policies for aviation carbon credit scheme
17th July 2025
Howden, the global insurance and reinsurance broking group, has been appointed by Gold Standard to approve insurance policies that support the eligibility of carbon credits for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). CORSIA is an initiative developed by the International Civil Aviation Organisation (ICAO) to reduce carbon ... Read the full article
mea Platform and ASG partner to automate insurance underwriting
17th July 2025
mea Platform, a provider of intelligent insurance processing technologies and ACORD Solutions Group (ASG), an industry-owned provider of next-generation digital solutions, have entered a strategic partnership to accelerate the adoption of automated underwriting processes and digital data exchange for the global insurance industry. Through this collaboration, mea Platform will integrate with ... Read the full article
Markel Insurance names Chelsea Jiang as Managing Director of Greater China
17th July 2025
Markel Insurance, the insurance division of Markel Group Inc., has appointed Chelsea Jiang as Managing Director of Greater China, reporting to the newly appointed MD of Asia Pacific, Sucheng Chang. Jiang is based in Hong Kong and will oversee Markel's operations in both Hong Kong and Shanghai, driving growth and deepening ... Read the full article
Arch Insurance promotes Chris Fairs as Head of Agency Management, AMAL
17th July 2025
Arch Insurance International, a part of the global Arch Capital Group and a provider of specialty insurance solutions across multiple lines, has promoted Chris Fairs to Head of Agency Management at Arch Managing Agency Limited (AMAL), effective immediately. In his new role, Fairs is responsible for leading the approval process of ... Read the full article
Willis and UEA partner to enhance wildfire risk understanding for insurers
17th July 2025
Willis, a WTW business, has announced a new collaboration with the University of East Anglia (UEA) to deepen understanding of global wildfire risk in response to escalating global threats. This partnership aims to provide reliable scientific insights that enable insurers and reinsurers to stay abreast of a rapidly evolving risk landscape, ... Read the full article
Insurance rates continue to climb in Q2’25, according to Novatae Risk Group
17th July 2025
Insurance rates across the US continued their upward trend in the second quarter of 2025, according to new data released by MarketScout, a national insurance distribution and underwriting company, in collaboration with Novatae Risk Group, a specialty insurance brokerage and risk advisory firm. For commercial insurance, average rates rose by 2.8% ... Read the full article
Warburg Pincus to acquire a majority stake in insurance broker Keystone
17th July 2025
Keystone, an insurance broker and agency network, announced that growth investor Warburg Pincus, will acquire a majority stake in the company. The private transaction’s financial details were not disclosed. According to the announcement, Bain Capital, which launched Keystone in 2020, will retain a minority ownership in Keystone through a new investment ... Read the full article
LMA welcomes UK Gov’s financial services strategy, says Arabella Ramage
17th July 2025
The Lloyd's Market Association (LMA) welcomes the UK Government’s Financial Services Growth and Competitiveness Strategy, which recognises the insurance sector's importance, specifically the role of Lloyd’s of London, according to Arabella Ramage, Legal and Regulatory Director at LMA. The Strategy sets out the government’s ten-year plan to enable the UK to ... Read the full article
Coface receives “in principle approval” to establish short term trade credit syndicate at Lloyd’s
16th July 2025
Trade Credit insurer Coface has received "in principle approval" from the Lloyd's marketplace to establish Syndicate 2546, a new short term trade credit syndicate, which will be managed by Apollo Syndicate Management. Coface Lloyd’s Syndicate 2546 is expected to begin underwriting in 2025 and enables the trade credit insurer to provide ... Read the full article
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