Reinsurance News
Retained earnings lift global reinsurer capital to record $720bn in Q1’25: Aon
1st July 2025
Analysis by insurance and reinsurance broking group Aon estimates that global reinsurer capital increased by almost 1%, or $5 billion in the first quarter of 2025 to $720 billion, driven by growth in traditional capital as the alternative portion remained at a record high. In 2024, global reinsurer capital grew by ... Read the full article
Lemonade lowers reinsurance overhead at renewal following improved diversification
1st July 2025
Lemonade, the digital insurance company powered by AI and social impact, has renewed its reinsurance program, reducing the ceded proportion of its quota share reinsurance from approximately 55% to approximately 20%, effective July 1. According to the firm, this decision was made given strong progress in its diversification, underwriting prowess and ... Read the full article
Lloyd’s approves novation of GIC syndicate 1947 managing agency services to Asta
1st July 2025
Lloyd's, the specialist insurance and reinsurance marketplace, has approved the novation of Indian reinsurer GIC Re's syndicate 1947 managing agency agreement to Davies-owned Asta, effective July 1st, 2025. The agreement relates to both the open and prior years of GIC syndicate 1947 and sees Asta provide a full range of oversight ... Read the full article
Ripe year-on-year revenue grows to £20.6m as expansion continues
1st July 2025
Ripe, a UK digital managing general agent (MGA), has achieved 16% year-on-year revenue growth, with turnover increasing to £20.6 million in the 12 months ending 31 December 2024, up from £17.8 million in 2023. This growth marks the company’s 17th consecutive year of double-digit revenue rises. Throughout the year, the MGA ... Read the full article
Trading environment one of most favourable for reinsurers in many years: Guy Carpenter
1st July 2025
Despite extensive loss activity in Q1, Guy Carpenter anticipates strong reinsurer performance to continue for the rest of 2025, with capital growth of 5% to 7% by year-end. Even with global economic volatility and insured losses nearing $70 billion through H1 of 2025, the reinsurance renewal trends observed at January 1 ... Read the full article
Supply & demand balance shifts back towards buyers at mid-year reinsurance renewals: Gallagher Re
1st July 2025
Buyers of protection had the opportunity to secure improvements to the structure of their property and specialty reinsurance programmes at the July 1st, 2025, reinsurance renewals, a period in which Gallagher Re notes a shift in the balance of supply and demand back towards reinsurance buyers. The reinsurance broker's 1st View ... Read the full article
Howden Re names Elliot Richardson as Executive Chair as Rod Fox steps down
1st July 2025
Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, has appointed Elliot Richardson as its new Executive Chair, as Rod Fox has decided to step down and leave the business. Fox, the founder of TigerRisk Partners LLP, had been Executive Chair since the merger of the two ... Read the full article
Lockton appoints Serrault as COO of US, Kuonen named COO of Dunning
1st July 2025
Lockton, a privately held insurance brokerage, has appointed Nick Serrault as Chief Operating Officer (COO) for its US operations, reporting to Tim Ryan, Lockton’s US President, based in Texas. Serrault has nearly two decades of industry experience, including nearly a decade of leadership experience at Lockton. Most recently, he was the COO ... Read the full article
Hiscox launches new Cargo API for smaller risks
1st July 2025
Responding to a clear market demand, specialist insurer Hiscox has launched a new Cargo API (application programming interface) based solution designed to cover smaller cargo - risks that typically do not get placed in the London insurance market. The new solution, available through Hiscox’s broker partners, focuses on underwriting small cargo ... Read the full article
UNDP, TNFD, KPMG launch ‘NATURE-INSURE’ to tackle biodiversity risk
30th June 2025
UNDP’s Sustainable Insurance Forum (SIF), the Taskforce on Nature-related Financial Disclosures (TNFD), and KPMG have partnered to launch a new global programme, ‘NATURE-INSURE’, to strengthen supervisory responses to biodiversity risk. Biodiversity loss and ecosystem degradation are quickly becoming significant issues for financial systems. NATURE-INSURE seeks to enhance supervisory abilities, encourage nature-aware ... Read the full article
Swiss Re’s global reach guides clients through new markets & supply chain shifts: Porter
30th June 2025
Will Porter, Head of International Programs Americas at Swiss Re Corporate Solutions, says the firm’s global footprint, through local offices, partners, or past programs, allows it to provide regulatory insights, peer benchmarks, and practical guidance to help companies shift supply chains into new or unfamiliar markets. Speaking with Reinsurance News in ... Read the full article
WTW enhances Radar with integration of Verisk’s ISO ERC
30th June 2025
WTW, an advisory, broking, and solutions firm, has launched a new feature in its analytics deployment solution, Radar, enabling users to accurately adjust to market price movements in real time by incorporating Verisk’s ISO Electronic Rating Content (ISO ERC). In today’s competitive environment, insurers need fast, reliable access to the latest ... Read the full article
Ardonagh completes $2.5bn equity investment led by Stone Point Capital
30th June 2025
The Ardonagh Group, a global independent insurance broker, has announced the completion of the previously announced $2.5 billion equity investment led by funds managed by US-domiciled private equity firm Stone Point Capital LLC, valuing the group at $14 billion. This landmark transaction sees Stone Point become a significant shareholder in ... Read the full article
Hannover Re appoints Kai Aschenbach as General Manager
30th June 2025
Global reinsurer Hannover Re has announced the appointment of Kai Aschenbach as General Manager. In his new role, Aschenbach will focus on the consistent implementation of core IT topics and the standardised support and integration of the company’s platforms. He joined Hannover Re in 2022 and most recently served as Head of ... Read the full article
David Petrone to lead MSIG USA Northeast region distribution
30th June 2025
MSIG USA, a provider of specialty insurance solutions, has announced the appointment of David Petrone as Northeast region distribution leader. Petrone will leverage his over three decades of industry experience to drive regional distribution strategy, deepening broker and client relationships, and supporting MSIG USA's underwriting capabilities with market insights and strategic ... Read the full article
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