Reinsurance News
Canadian Personal Auto & Property rates increase in Q1’25: Applied Systems
8th May 2025
Applied Systems has released the first-quarter 2025 results of the Applied Rating Index, showing both year-over-year and quarter-over-quarter increases in average premium rate changes for Personal Auto and Personal Property lines. In Q1’25, Personal Auto premium rate change increased 13.2% compared to Q1’24. Quarter-over-quarter, premium rate change increased 2.2%. All provinces saw ... Read the full article
California wildfire losses won’t drive SCOR’s price adjustments at midyear renewals: Conoscente
7th May 2025
While the significant losses related to the California wildfires will impact the June/July reinsurance treaty renewals, they are not expected to be a major factor dictating SCOR’s overall price adjustments across its book of business, according to CEO of Global P&C, Jean-Paul Conoscente. He stated: “The California wildfire payback will impact ... Read the full article
Rodrigo Jimenez appointed Asia Pacific Regional CEO at Allianz Trade
7th May 2025
Allianz Trade, a provider of trade credit insurance, has announced that Rodrigo Jimenez will assume the role of Regional CEO for the Asia Pacific region on 1 October 2025. He will succeed Paul Flanagan, who is retiring after a distinguished 34-year career with the company. Jimenez will begin his transition into the ... Read the full article
American Financial Group reports Q1’25 net earnings of $154m
7th May 2025
American Financial Group, Inc., a Cincinnati-based holding company specialising in insurance and financial services, has reported first-quarter 2025 net earnings of $154 million, compared to $242 million for the same period in 2024. This reflects a decrease primarily due to lower property and casualty (P&C) insurance underwriting profit and reduced returns ... Read the full article
Leadership changes aim to bolster broker business & digital transformation at MSIG Asia
7th May 2025
MSIG Asia has announced leadership changes to accelerate its digital transformation and strengthen broker business. Adrian Hill will lead digital innovation, with Pearline Soh on digital marketing initiatives, while Enny will head efforts to enhance broker engagement across the region. Hill, who has been with MSIG Asia since November 2024, was ... Read the full article
Hannover Re on ‘right track’ with 2024-2026 strategy: CEO
7th May 2025
At his first Annual General Meeting (AGM) as Chief Executive Officer of Hannover Re, Clemens Jungsthöfel reaffirmed the company’s strong strategic direction for 2024–2026, highlighting its continued focus on profitable growth, robust capital strength, and collaborative innovation with clients and partners. The Large European reinsurer's AGM has approved the proposal put ... Read the full article
Howden Re appoints Pascal Kahraman as Director of German broking team
7th May 2025
Howden Re, the reinsurance division of broking group Howden, has appointed Pascal Kahraman as Director within the broking team in Germany, based out of the newly opened Munich office. Kahraman joins from industry giant, Munich Re, where he has served for over 13 years since joining as a graduate trainee in ... Read the full article
White Mountains’ Ark/WM Outrigger segment posts GWP of $1.1bn for Q1’25
7th May 2025
White Mountains has released the Q1 2025 results for its property and casualty re/insurance segment Ark/WM Outrigger, revealing gross written premiums of $1,108 million, net written premiums of $728 million and net earned premiums of $358 million, all improvements compared to the same period of last year. The Ark/WM Outrigger segment's ... Read the full article
SI Re posts rise in FY’24 profit to €10.4m
7th May 2025
Zug, Switzerland-domiciled reinsurer SIGNAL IDUNA Reinsurance Ltd (SI Re) has reported a profit of €10.4 million for the full year 2024, improving over 2023's figure of €8.8 million by 17.7%. The company's shareholder equity for FY’24 hit €209.4 million, remaining at a consistently high level of 22.2% of the balance sheet ... Read the full article
UAE insurers’ operating performance remains resilient despite unprecedented rains: AM Best
7th May 2025
The operating performance of United Arab Emirates (UAE) insurers remains resilient despite the impact of severe rains early last year on full-year earnings, events that have also highlighted the region's natural catastrophe exposures, according to a recent report by AM Best. While the market traditionally considers earthquakes as the most significant ... Read the full article
WTW expands International Property Facility with digital upgrade to Neuron
7th May 2025
WTW, an advisory, broking, and solutions firm, has announced a major upgrade to its International Property facility in the London market, further advancing the capabilities of its digital trading platform, Neuron. This enhancement, which aligns with the facility’s renewal on May 1, 2025, includes increased market support and expanded capacity. The move ... Read the full article
Bowhead Specialty net income reaches $11.4m in Q1’25
7th May 2025
Bowhead Specialty, a provider of casualty and professional liability products, has announced its financial results for the first quarter of 2025, reporting significant net income growth of 62.9% and gross written premiums growth of 26.3% compared to the same period the year prior. The company’s net income reached $11.4 million in ... Read the full article
InsurTech funding hits $1.31bn in Q1’25: Gallagher Re
7th May 2025
As per a new report from Gallagher Re, the InsurTech industry experienced a 90% surge in funding during Q1 2025, reaching $1.31 billion. According to Gallagher Re, around 61.2% ($710.86 million) of Q1 2025 InsurTech deals went to AI-centred companies, while five re/insurance investors made three or more tech investments in ... Read the full article
Assured Guaranty enters European fibre market with €75m debt guarantee for XpFibre Groupe
7th May 2025
Assured Guaranty (Europe) SA (AGE), a subsidiary of Assured Guaranty Ltd., has guaranteed the principal and interest on €75 million in notes issued by XpFibre Groupe on 30 April 2025. The proceeds from the issuance are being used to refinance existing debt. This marks AGE’s first involvement in the European fibre ... Read the full article
Fortegra drives Tiptree’s $5.6m Q1’25 net income, sees improved CoR of 89.9% despite cat losses
7th May 2025
Tiptree has announced its financial results for the first quarter of 2025, reporting a net income of $5.6 million, compared to Q1 2024’s $9.1 million, and revenues of $497.4 million, which saw a slight decrease of 0.2% from Q1 2024. The company attributed the decrease in net income primarily to lower ... Read the full article
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