Reinsurance News
RAA urges US Senate to back smarter and resilient insurance strategies
2nd May 2025
In a strong message to the US Senate Committee on Banking, Housing, and Urban Affairs, the Reinsurance Association of America (RAA) has called for policies that bolster a resilient, competitive private insurance market and reject expanded government-run insurance programs. In a formal letter submitted by RAA President Frank Nutter during the ... Read the full article
S&P revises outlook to positive for MS Amlin and MS Amlin Insurance on improved performance
2nd May 2025
S&P Global Ratings, a provider of credit ratings and financial market insights, upgraded its outlook for MS Amlin AG (operating as MS Reinsurance) and MS Amlin Insurance SE (MS AISE) from "stable" to "positive." This revision reflects the entities' improved operational performance and the strategic developments within the MS&AD Insurance Group. S&P ... Read the full article
Fairfax Q1’25 net earnings reach $945.7m despite increased cat losses
2nd May 2025
In their financial results for the first quarter of 2025, Fairfax Financial Holdings has reported net earnings of $945.7 million, which compares to the $776.5 million seen in the first quarter of 2024. The company attributed its strong performance mainly to increased net gains on investments, partially offset by decreased adjusted ... Read the full article
We’ll be proactive to ensure appropriate loss costs & margin amid tariff uncertainty: AIG CEO
2nd May 2025
There is still significant uncertainty around the topic of tariffs and as the potential implications for insurers and reinsurers continues to evolve, in terms of what line of business and what part of the world, global carrier AIG is going to be proactive and ensure it has the appropriate loss ... Read the full article
Insurance pricing rolls off highs as market momentum shifts, says J.P. Morgan
2nd May 2025
J.P. Morgan, a financial services firm, is signalling that pricing pressure is beginning to take hold across the commercial insurance and reinsurance sectors. According to early Q1 2025 data analysed by the firm’s insurance research division, the nearly eight-year stretch of consistent premium rate increases is clearly losing momentum—and faster than ... Read the full article
Tariffs expected to impact loss costs, particularly in property and cargo: AXIS CEO
2nd May 2025
AXIS Capital, a provider of specialty insurance and reinsurance solutions, outlined the potential impacts of tariffs on its operations during its Q1 2025 earnings call. CEO Vincent Tizzio emphasised that while the company anticipates various uncertainties due to the current geopolitical environment, the most immediate impact from tariffs is expected to ... Read the full article
Ryan Specialty’s revenue climbs 25% to $690m in Q1’25
2nd May 2025
Ryan Specialty has reported total revenue of $690.2 million for Q1 2025, marking growth of 25% compared to the $552 million disclosed in Q1 2024. The firm attributed the increase mainly to 12.9% organic revenue growth from new and expanded client relationships, E&S market expansion, recent acquisitions, changes in contingent commissions, ... Read the full article
Alec Raeside joins QBE’s transactional liability team as Underwriter
2nd May 2025
Global insurer QBE is bolstering its Warranty and Indemnity (W&I) offering with the appointment of Alec Raeside as Underwriter, a London based role. Raeside, a qualified corporate solicitor, is joining QBE’s transactional liability team from international law firm White & Case LLP. He brings to his new role over six years of ... Read the full article
Xceedance forms strategic partnership with FurtherAI to transform commercial insurance
2nd May 2025
Xceedance, a provider of insurance consulting, technology, operations, and data solutions, has partnered with FurtherAI, a rapidly growing company specialising in AI Assistants designed for the commercial insurance sector. The collaboration aims to support insurers in modernising their operations by combining cutting-edge artificial intelligence with Xceedance’s in-depth expertise in implementation and ... Read the full article
US motor insurance faces rate deceleration & inflation challenges in 2025: Swiss Re
2nd May 2025
The outlook for the US motor insurance market in 2025 suggests rate deceleration in Personal Auto due to increased competition, alongside sustained social inflation challenges for Commercial Auto, according to Craig Nelson, Senior Treaty Underwriter & Manager, CUO P&C Reinsurance at Swiss Re. In a recent report, Nelson noted that after ... Read the full article
Reinsurance market is more disciplined, says Arch CEO Papadopoulo
2nd May 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of re/insurer Arch Capital Group, believes the reinsurance market is more disciplined, noting that while rate decreases have been seen, they are from the peak of the market—and the sector remains attractive. Speaking during Arch Capital Group’s Q1 2025 earnings call, Papadopoulo said he hasn’t ... Read the full article
UAE based Al-Futtaim Willis to be wholly managed by WTW
2nd May 2025
WTW, an advisory, broking, and solutions firm, stands to gain full managerial control of its United Arab Emirates (UAE) domiciled joint venture, Al-Futtaim Willis (AFW), following Al-Futtaim's decision to sell its 51% stake in the company. The transaction is subject to regulatory approval and is expected to close in the second ... Read the full article
DragonForce ransomware behind M&S cyberattack is a global threat: Killara Cyber CEO
2nd May 2025
The recent cyberattack on M&S is not a UK-centric incident, with the DragonForce ransomware group rapidly emerging as one of the most dangerous threats in the cybersecurity domain globally, according to Rick Welsh, CEO of Killara Cyber. Killara Cyber is the cyber insurance program of Canopy Specialty Insurance. It offers a ... Read the full article
Skyward Specialty posts net income of $42.1m in Q1’25
2nd May 2025
Skyward Specialty Insurance Group reported net income of $42.1 million for the first quarter of 2025, up from $36.8 million in the same period of 2024. The company’s adjusted operating income for the quarter was $37.3 million, compared to $31 million the year prior. Gross written premiums rose 16.7% to $535.3 million ... Read the full article
RGA reports net income of $286m as net premiums dip
2nd May 2025
Reinsurance Group of America, Incorporated, a global provider of life and health reinsurance, has reported Q1 2025 net income of $286 million, or $4.27 per diluted share, compared with $210 million, or $3.16 per diluted share, in the prior-year quarter. The firm's adjusted operating income is reported at $378 million, or ... Read the full article
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