Reinsurance News
IAG receives 10,000+ claims from recent severe weather events
10th November 2025
There have recently been several significant weather events across Queensland, New South Wales, and Victoria, with Australian insurer IAG receiving over 10,000 claims—primarily related to motor and property hail damage—while its strong reinsurance protections have helped limit the financial impact. Commenting on the recent weather events, Nick Hawkins, Managing Director and ... Read the full article
Riyadh Re to launch in Saudi Arabia as IA license received
10th November 2025
The Cooperative Insurance Company (Tawuniya) has obtained the necessary license from the Insurance Authority (IA) to establish its new, wholly-owned subsidiary, Riyadh Reinsurance Company (Riyadh Re). Headquartered in Riyadh and incorporated on November 4th, 2025, Riyadh Re is entering the market with a strong capital base of SAR 550 million (approximately ... Read the full article
WWF urges global leaders at COP30 to integrate climate and nature into financial resilience strategies
10th November 2025
The World Wide Fund for Nature (WWF), an independent conservation organisation, is calling on policymakers and financial regulators gathering at COP30 to place climate and nature action at the centre of financial resilience strategies. In a new policy brief focused on advanced economies, WWF warns that escalating climate impacts and the ... Read the full article
Conduit Re optimises portfolio mix to strengthen underwriting resilience
10th November 2025
Conduit Holdings, the Bermuda-based reinsurer and specialty insurance group, outlined a measured approach to portfolio management and risk alignment during its Q3 2025 earnings call. Chief Executive Officer Neil Eckert and Chief Financial Officer Elaine Whelan discussed how the business is adapting its underwriting strategy, capital position, and investment portfolio as ... Read the full article
Marco Araldi named CEO of Marsh McLennan Italy
10th November 2025
Global insurance and reinsurance broker Marsh McLennan has announced the appointment of Marco Araldi as Chief Executive Officer (CEO) of Marsh McLennan Italy, effective January 2026. Araldi succeeds Andrea Bono, who has been appointed CEO of Marsh McLennan in India, the Middle East, and Africa. Based in Milan, Araldi will report to ... Read the full article
HCI’s Q3’25 gross premiums earned rise by 13% to $301.1m
10th November 2025
HCI Group, Inc., a Tampa-based holding company primarily engaged in property and casualty insurance through its subsidiaries, reported a 13% rise in gross premiums earned for the third quarter of 2025 to $301.1 million from $265.5 million in Q3’24, driven by a higher volume of policies in force. For the quarter, ... Read the full article
Willis expands GB Facultative Division with senior leadership appointments
10th November 2025
Willis, a WTW business, has announced three senior appointments to its Direct and Facultative team in Great Britain. The additions of Fiona Kerr, David Watson, and James Kelly highlight the firm’s focus on expanding its global facultative expertise and delivering customised solutions for clients. Kerr joins Willis from Aon as Head of ... Read the full article
Gallagher Re partners with NTU Singapore to establish Asia Hazards Program
10th November 2025
Global reinsurance brokerage Gallagher Re has strategically partnered with Nanyang Technological University, Singapore (NTU Singapore), ranked among the world’s top universities, to establish the Gallagher Re Asia Hazards Program and co-fund three PhD scholarships. The program was launched in partnership with the Asian School of the Environment (ASE) and the Earth ... Read the full article
UN insurance forum advocates establishing international taskforce on climate risk
10th November 2025
The United Nations Environment Programme (UNEP) hosted the Forum for Insurance Transition (FIT), which recommended establishing an International Taskforce on Climate Resilience and Transition Insurance. This taskforce would unite insurers, the broader financial sector, regulators, governments, businesses, civil society, and international organisations. The COP30 Insurance Communiqué, titled “Insuring the Transition,” urges a ... Read the full article
Hannover Re expects three digit loss for Hurricane Melissa but says will land below unused Q3 budget
10th November 2025
Global reinsurer Hannover Re expects to book a three digit loss for Hurricane Melissa, but is confident that its share of loss from the event will be less than the roughly €450 million of unused third quarter large loss budget. This morning, Hannover Re reported net expenditures for large losses ... Read the full article
Thomas Randall promoted to Company Secretary of ASIC U.S.
10th November 2025
AM Specialty Insurance Company (ASIC), an excess and surplus (E&S) insurance firm and an accredited reinsurer, has promoted Thomas Randall to Company Secretary of AM Specialty Insurance Company (ASIC U.S.). This promotion aligns with the re/insurer's commitment to developing talent from within and strengthening its legal and governance capabilities. In his new ... Read the full article
Willis launches Asian Data Centre Practice led by Lay See Ong
10th November 2025
Willis, a business of insurance and reinsurance broker WTW, has established a dedicated Data Centre Industry Practice for Asia, with Lay See Ong appointed to lead the new unit as Practice Leader in Asia, based in Singapore. This new role is in addition to Lay See's existing position as a Strategic ... Read the full article
Convex Insurance’s Theo Butt elected as Chair of the IUA
10th November 2025
The International Underwriting Association (IUA), the representative body for re/insurers in the London company market, has announced that Theo Butt, Chief Executive Officer, UK at Convex Insurance, has been elected as its new Chair, effective January 1st 2026. Butt succeeds Claire McDonald, Chief Executive Officer of Scor Business Solutions, who is ... Read the full article
Human error causes 60% of cyber insurance incidents and businesses losing days of operations: HDI Global
10th November 2025
In its latest report, HDI Global, an international industrial insurer based in Hannover, analyses how companies can better manage cyber exposure and strengthen resilience. The report draws on the expertise of David Bartolini, Head of Cyber Risk Engineering Tech at HDI, who oversees the insurer’s global cyber risk engineering activities and ... Read the full article
Allianz Trade appoints William Whittington as Global Head of Specialty Credit & Mid Term
10th November 2025
Allianz Trade, a trade credit insurance provider, has announced a leadership update within its Specialty Credit & Mid Term division. William Whittington, who has been Head of Region for Specialty Credit & Mid Term, has been appointed Global Head of Specialty Credit & Mid Term. He succeeds Christophe White, who is ... Read the full article
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