Reinsurance News
Conduit Re strengthens underwriting team with key promotions and new hire
28th August 2025
Bermuda-based reinsurer Conduit Re has strengthened its underwriting team with the promotion of Angus Hampton to Head of Casualty, the expansion of Peter Kiernan’s role to include broker and client management, and the strategic hire of David Frawley to its specialty team. As Head of Casualty, Hampton will manage Conduit Re’s ... Read the full article
PERILS expands Wind-Jeannie to Japan, updates all existing models
28th August 2025
Zurich-domiciled catastrophe insurance data provider PERILS has launched Wind-Jeannie Japan, a new platform providing real-time industry loss forecasts for typhoons in the country. The product provides industry loss forecasts for typhoon events for the upcoming 72 hours. It operates continuously with forecasts updated in real-time every 12 hours, and also provides ... Read the full article
Kingdom of Lesotho receives payout under ARC sovereign drought parametric policy
28th August 2025
African Risk Capacity Limited (ARC), a specialised agency of the African Union, has issued an insurance payout of $2,767,958 to the Government of the Kingdom of Lesotho, after its sovereign drought insurance policy for the 2024/25 agricultural season was triggered. This payout was made possible by the Government’s subscription to ARC’s ... Read the full article
AUB international business sees AUD 104.1mn pre-tax profit for FY25
28th August 2025
Australian insurance broker AUB Group has released its 2025 financial year results, reporting that its international business unit, which includes Tysers, reported a pre-tax profit of AUD 104.1 million, a 7.6% increase from the same period last year. AUB Group acquired Tysers from Odyssey Investment Partners in September 2022. FY24 ... Read the full article
Peak Re’s GWP climb 25% to $1.1bn in H1’25
27th August 2025
Fosun International Limited has released the unaudited results for Hong Kong-based global reinsurer Peak Re for the first half of 2025, reporting gross written premiums (GWP) of $1.06 billion, a 25.1% increase compared to the same period a year earlier. As of the end of the reporting period, Fosun held an ... Read the full article
Chariot Re appoints Reena Pally as Chief Investment Officer
27th August 2025
Chariot Re, a newly established Bermuda-based life and annuity reinsurance company, has appointed Reena Pally as Chief Investment Officer, effective 1st September 2025. Chariot Re launched in 2025 with co-sponsorship from MetLife and General Atlantic. The two firms revealed that Chariot Re has an initial combined equity investment of over ... Read the full article
Reinsurer profitability dips in H1’25 amid higher losses and rising competitiveness
27th August 2025
Fitch Ratings has reported that the 19 non-life reinsurers it tracks saw a decline in underwriting profits in H1 2025, and noted that premium growth in 2026 may be constrained by heightened competition and ongoing global economic uncertainties. Alongside reduced underwriting profits, Fitch's new report noted that the group of non-life ... Read the full article
Liberty Mutual Re and Safehub launch earthquake parametric insurance solution
27th August 2025
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, and Safehub, a provider of seismic sensor and risk management technology, have launched ShakeNet Parametric, an earthquake parametric insurance solution. The move builds on LM Re’s 2024 exclusive partnership with Safehub, which aimed to deliver a building-specific, sensor-based parametric ... Read the full article
Everest the top Bermuda reinsurer in 2024 with GWP of $12.9bn: AM Best
27th August 2025
Bermuda’s reinsurance sector maintained its global prominence in 2024, with several of its leading players climbing the premium rankings for non-IFRS 17 reporters, according to data from global rating agency AM Best. Our directory of the top 50 global reinsurers, based on AM Best's data, reveals that Everest is the ... Read the full article
Beazley promotes Jenny Han to Focus Group Leader, Environmental Liability
27th August 2025
Specialty insurer Beazley has announced the appointment of Jenny Han as Focus Group Leader, Environmental Liability, effective immediately. Han will be based in San Francisco and report to Jerry Sullivan, Head of Professional, Environmental and Mergers & Acquisitions, who commented: “I’ve had the pleasure of working with Jenny over the years, ... Read the full article
Sompo to enhance global footprint with $3.5bn acquisition of Aspen
27th August 2025
A wholly owned subsidiary of Sompo International Holdings (SIH) has agreed to acquire all outstanding Class A ordinary shares of Aspen Insurance in a $3.5 billion deal. The transaction has reportedly been unanimously approved by both companies' Boards of Directors and is anticipated to close in H1 of 2026. As expected, ... Read the full article
Westfield appoints Henning Haagen as Chief Underwriting Officer
27th August 2025
Westfield, a US-based property and casualty insurer, has announced the appointment of Henning Haagen as Chief Underwriting Officer (CUO), effective 2nd September 2025. Based in Westfield's New York City office, Haagen will oversee the development and execution of enterprise underwriting strategy, standards, and governance across the company’s global portfolio of personal, ... Read the full article
Saudi Arabia, a market of strategic importance for re/insurance: WTW
27th August 2025
WTW, an insurance and reinsurance broking group, has significantly expanded its capabilities in the Kingdom of Saudi Arabia, underscoring the market’s strategic importance. This expansion is the result of the company securing separate licenses for re/insurance broking earlier this year, a move that positions WTW to offer on-the-ground risk, advisory and ... Read the full article
Parametric Insurtech Sola raises $8m Series A to expand property coverage
27th August 2025
Parametric insurtech Sola, a company providing data-driven property insurance solutions, has announced that it has secured $8 million in Series A funding, bringing its total funding to $11.7 million. The round was led by FINTOP Capital and JAM FINTOP, with participation from 10vc and Georgia Tech. Sola offers property insurance that ... Read the full article
Global reinsurers meet cost of capital second year in a row: AM Best
27th August 2025
According to the latest AM Best analysis, global reinsurers met the cost of capital for a second consecutive year in 2024, after four years of failing to do so, despite catastrophes like the California wildfires, driven by strong market performance. Strong market performance reportedly drove down the cost of equity and, ... Read the full article
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