Reinsurance News
“Speed drives growth” as Gen AI accelerates underwriting: AIG CEO
7th November 2025
Peter Zaffino, Chairman and CEO of global insurer AIG, said the company is accelerating its deployment of generative artificial intelligence (Gen AI) to digest data more effectively and access a broader range of data points, helping underwriters make better-informed decisions, emphasising that speed drives growth. During American International Group, Inc. (AIG) ... Read the full article
Alt IMs’ move into Lloyd’s and US sidecars increases credit and liquidity risks: Fitch Ratings
7th November 2025
Global credit rating agency Fitch Ratings warns that alternative investment managers’ (Alt IMs) growing participation in Lloyd’s syndicates and US casualty sidecars is introducing new third-party capital to the reinsurance market but also increasing potential credit, liquidity, valuation, and governance risks. According to Fitch, Alt IMs are channelling long-term insurance premiums ... Read the full article
Heritage’s net income hits $50.4m in Q3’25 as GPW grows by 6.4%
7th November 2025
Heritage Insurance has reported net income of $50.4 million for the third quarter of 2025, an increase from $8.2 million in the prior year quarter, primarily driven by a significant reduction in losses and loss adjustment expenses and a reduction in other operating expenses. For the quarter, gross premiums written (GPW) ... Read the full article
Westfield Specialty posts 89.9% CoR and $92m underwriting income in 9M’25
7th November 2025
Westfield Specialty, a global specialty insurance carrier, reported a strong combined ratio of 89.9% for the first nine months of 2025, alongside underwriting income of $92 million, which are “considerably ahead of planned results.” For 9M’25, gross written premium (GWP) climbed to $1.4 billion, split almost evenly across regions, with 53% ... Read the full article
Strong underwriting drives Fairfax Q3’25 net earnings, CoR improves to 92.0%
7th November 2025
Fairfax Financial Holdings Limited has announced its financial result for the third quarter of 2025, reporting net earnings of $1,151.7 million, increasing from the $1,030.8 million net earnings reported in the same period last year. This increase in net earnings reflects the company’s higher adjusted operating income from its property and ... Read the full article
Laws to succeed Nutter as President and CEO, Reinsurance Association of America
7th November 2025
The Reinsurance Association of America (RAA), a national trade association representing property and casualty reinsurers operating in the United States, has appointed Tracey Laws as its President and Chief Executive Officer (CEO), effective December 1st, 2025. Laws succeeds Frank Nutter, who will retire effective December 1st, 2025, after 34 years as ... Read the full article
Liberty Mutual sees strong Q3’25 results with $2.22bn net income and 84.7% CoR
7th November 2025
Liberty Mutual Holding Company (LMHC) has reported net income of $2.22 billion, and a consolidated combined ratio of 84.7% for the third quarter of 2025, driven by strong underwriting performance and a drop in catastrophe losses Q3 2025’s net income increased from the $892 million reported in the same period last ... Read the full article
Palomar’s net income rises 68.7% to $51.5m in Q3’25
7th November 2025
Specialty insurer Palomar Holdings, Inc. reported a net income of $51.5 million in the third quarter of 2025, up 68.7% from $30.5 million in the same period a year earlier. In Q3’25, gross written premiums increased 43.9% to $597.2 million, compared to $415 million in Q3’24. Net written premiums amounted to $275.2 ... Read the full article
Moody’s RMS expects Hurricane Melissa’s private market insured losses between $3-5bn
7th November 2025
Catastrophe risk modeller Moody's RMS Event Response has estimated private market insured losses driven primarily by wind impacts in Jamaica, with minimal contributions from other impacted Caribbean islands, including the Bahamas, Haiti, and the Turks and Caicos Islands, from Hurricane Melissa to range between $3-5 billion. Moody's best estimate of insured ... Read the full article
Jamaica gets additional $21.1m from CCRIF’s excess rainfall parametric policy for Melissa
7th November 2025
The government of Jamaica is set to receive a second payout of USD 21.1 million following the passage of Hurricane Melissa, which has triggered the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company’s (CCRIF SPC) excess rainfall parametric insurance policy. On October 31st, 2025, the CCRIF SPC announced a record payout ... Read the full article
GILC report reveals rising catastrophe costs and insurance innovations to close protection gap
7th November 2025
Global Insurance Law Connect (GILC), an international network of law firms specialising in insurance and reinsurance, has published its inaugural Property Catastrophe and Climate Governance Report, drawing on contributions from 23 member firms worldwide. The report examines the evolving landscape of natural catastrophe risks, the pressures facing property owners and insurers, ... Read the full article
Founder Akin Båmstedt assumes CEO role at 1B Insurance
7th November 2025
1B Insurance has announced that founder Akin Båmstedt has officially assumed full executive leadership as Chief Executive Officer (CEO), taking over from John Morley. Based in Zug, Switzerland, 1B Insurance is dedicated to securing emerging technologies. It provides tailored insurance solutions for companies in blockchain, artificial intelligence, and robotics, combining traditional ... Read the full article
Marco Capital finalises acquisition of R&Q Gamma
7th November 2025
Marco Capital Holdings Limited, a European group specialising in the acquisition and management of property and casualty (P&C) insurance run-off portfolios and companies, has finalised the purchase of R&Q Gamma Company Limited. R&Q Gamma, a UK-based non-life insurer in run-off, was previously owned by Randall & Quilter II Holdings Ltd (in ... Read the full article
EDME Insurance Brokers appoints Vinod Krishnan as CEO of its Treaty Reinsurance Division
7th November 2025
EDME Insurance Brokers, one of India’s largest insurance and reinsurance broking firms, has announced the appointment of Vinod Krishnan as the Chief Executive Officer of its Treaty Reinsurance vertical. In his new role, Krishnan will spearhead the creation and growth of EDME’s specialist global treaty reinsurance business. His responsibilities will include leading ... Read the full article
AI adoption drives productivity growth and opens business opportunities: Hiscox CFO Cooper
7th November 2025
Specialist insurer Hiscox’s multi-year collaboration with Google is serving as a central growth driver for the deployment of artificial intelligence (AI) and machine learning across its business, according to comments by the company’s CFO, Paul Cooper. Speaking about the firm’s AI adoption, Cooper highlighted that the partnership is delivering transformative results, ... Read the full article
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