Reinsurance News
CatIQ releases CAD 342m loss estimate for March 2025 ice storm in Ontario and Quebec
30th April 2025
CatIQ, an independent Toronto-based provider of catastrophe insurance data and a subsidiary of PERILS, has released its initial industry loss estimate for the ice storm that struck Ontario and Quebec between March 28 and 31, 2025. The preliminary estimate, issued three weeks following the event, stands at CAD 342 million. This ... Read the full article
Arch CEO expects ‘flattish’ Florida reinsurance renewals with additional demand
30th April 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based insurer and reinsurer Arch Capital Group, said today that he expects the upcoming Florida reinsurance renewal season to be more flattish than what was seen at the April renewals, with additional demand from clients. Arch released a strong set of results yesterday ... Read the full article
Howden expands Latin American footprint with new Miami leadership appointment
30th April 2025
Howden, the international insurance intermediary group, has named April McLaughlin as Managing Director of its newly established Miami office. Her appointment marks a strategic move to enhance Howden’s presence in Latin America and the Caribbean through a unified regional approach that integrates both reinsurance and specialty insurance services. In this new role, ... Read the full article
RiverStone sees $260m in underwriting profits for 2024
30th April 2025
Legacy sector leader RiverStone International has reported $260 million in underwriting profits for 2024, up 22% from 2023's $213 million. RiverStone also disclosed $2.6 billion in net claims outstanding acquired in 2024, up from $2.2 billion in 2023, with six transactions closed in 2024. RiverStone's investment income also improved in 2024, rising ... Read the full article
Tokio Marine Kiln appoints Alex Dugand as Strategy Officer
30th April 2025
Tokio Marine Kiln (TMK), a global specialty insurer, has announced the appointment of Alex Dugand as Strategy Officer. TMK is an international insurer known for its specialist underwriting expertise, outstanding claims service, and innovative products. Dugand has been with TMK for nearly 20 years, joining in 2007 as a Reinsurance Underwriter. Since then, ... Read the full article
Verisk launches SRCC catastrophe model for the US
30th April 2025
Data analytics and technology provider Verisk has released a first-of-its-kind catastrophe model to help quantify the financial impacts of strikes, riots and civil commotion (SRCC) in the United States in response to escalating insurance losses from large-scale civil unrest events recently. The Verisk SRCC Model for the U.S. can predict the ... Read the full article
Mosaic promotes Thomas Duggan to Head of Claims for North America
30th April 2025
Global specialty insurer Mosaic Insurance has appointed Thomas Duggan as the Head of Claims for North America, based in New York. He was one of the 14 environmental specialists Mosaic hired across the US last year to build out the unit. In the expanded role, he reports to Natalie Graham, Mosaic’s ... Read the full article
Kinsale Capital’s Q1’25 net income impacted by $17.8m in cat losses
30th April 2025
Kinsale Capital Group, Inc. has announced its financial results for the first quarter of 2025, reporting a net income of $89.2 million, which includes after-tax catastrophe losses of $17.8 million. This year’s Q1 net income compared to the $98.9 million reported in Q1 2024, a period that also saw significant lower ... Read the full article
Aon acquires Atlas Insurance Agency to expand marine offering in Israel
30th April 2025
Global insurance and reinsurance broker Aon has acquired the operations of Atlas Insurances Agency, one of Israel’s most established insurance firms specialising in marine insurance. Atlas, a Lloyd’s coverholder, offers a range of marine insurance coverage, including cargo, hull and machinery, and charterers’ liability. With 50 years of industry experience, Atlas ... Read the full article
Peak Re reports second-best net profit of $187m in 2024 amid challenging market
30th April 2025
Hong Kong-based global reinsurer Peak Re has announced its 2024 full-year financial results, reporting a net profit after tax of $187 million, which marks the company’s second-best results in its 12-year history. The company attributed this success, driven by all of its business units, to its resilience and sustained profitability amid ... Read the full article
Maiden Holdings combination with Kestrel receives shareholder approval
30th April 2025
Maiden Holdings’ shareholders have approved all proposals related to the company’s proposed business combination with Kestrel Group LLC. Previously announced in December 2024, Maiden entered into a Combination Agreement with Kestrel to form a new, publicly listed specialty program group. Under the agreement, Maiden and Kestrel will become wholly owned subsidiaries ... Read the full article
Diane Côté and Doina Palici-Chehab join SCOR Board
30th April 2025
At SCOR SE’s recent Combined Shareholders’ Meeting, the appointments of Diane Côté and Doina Palici-Chehab as directors were announced, along with Jacques Aigrain as an observer. The Ordinary and Extraordinary Shareholders’ Meeting was held on 29th April at the company’s registered office, 5 avenue Kléber, 75016 Paris, France, under the chairmanship ... Read the full article
US Insurers surpass UK counterparts in confidence and strategy around AI: hyperexponential
30th April 2025
New research conducted by hyperexponential (hx), a provider of pricing decision intelligence software for the insurance industry, suggests a growing transatlantic divide in the adoption of artificial intelligence (AI). While both UK and US insurers recognise the promise AI holds for the sector, hyperexponential’s findings reveal that US firms are moving ... Read the full article
Howden India names Mandira Gupta as MD & Head of M&A, IMEA
30th April 2025
Howden India has appointed Mandira Gupta as Managing Director and Head of M&A for India, the Middle East, and Africa (IMEA). Gupta holds over two decades of M&A leadership experience in insurance broking and investment banking, having reportedly advised on several of India’s most complex and high-profile transactions. She most recently served ... Read the full article
Arch Capital’s Q1’25 GPW up to $6.5bn as CoR rises to 90.1%
30th April 2025
Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has reported an 8.9% increase in group-wide gross premiums written (GPW) to $6.5 billion for the first quarter of 2025, compared to $5.9 billion last year, as the firm's combined ratio deteriorated to 90.1% on higher catastrophe losses driven by the California ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
