Reinsurance News
L&G’s 2025 global PRT monitor signals £1tn market opportunity
14th August 2025
Legal & General Group plc, a UK-based multinational financial services company specialising in insurance, asset management, and retirement solutions, has released its 2025 Global Pension Risk Transfer (PRT) Monitor. The report forecasts that over the next decade, up to £1 trillion in pension liabilities could be transferred to insurers across global ... Read the full article
Sompo’s global reinsurance CoR improves on lower CAT losses in Q1 FY’25
14th August 2025
Sompo Holdings, Inc. has posted results for its overseas insurance/reinsurance business for the first quarter of the 2025 financial year, reporting a global reinsurance combined ratio of 85.8%, down 10.9 points from 96.7% a year earlier, due to better-than-expected CAT loss experience. Commercial insurance CoR increased 5.2 points to 93.9% from ... Read the full article
Vesttoo bankruptcy creditors file lawsuit against Aon and China Construction Bank
14th August 2025
The Vesttoo Creditors Liquidating Trust, an independent fiduciary appointed by the U.S. Bankruptcy Court for the District of Delaware, has filed a complaint in the Court against Aon, China Construction Bank, and certain entities and individuals for alleged fraudulent conduct and other wrongdoing that "inflicted devastating losses upon the insurance ... Read the full article
Verisk names Spear CTO of Extreme Event Solutions
14th August 2025
Verisk, a global data analytics and technology provider, has announced the appointment of Eric Spear as Chief Technology Officer (CTO) for Verisk’s Extreme Event Solutions. “We’re thrilled to welcome Eric to Verisk,” said Rob Newbold, president of Extreme Event Solutions at Verisk. “His experience in predictive analytics and risk modelling and ... Read the full article
Aviva grows operating profit 22% to £1.1bn in H1’25
14th August 2025
British insurer Aviva has reported an operating profit of £1.1 billion in the first half of 2025, representing a 22% increase from £875 million in the same period a year earlier. General insurance premiums increased 7% to £6.3 billion in H1’25 from £6 billion in H1’24. By region, UK&I General Insurance premiums ... Read the full article
Adverse aviation ruling and California wildfires push Fidelis to H1’25 loss
14th August 2025
Despite a $22.8 million H1 2025 net loss and a 110.1% combined ratio stemming from the English High Court’s Russia aviation ruling and California wildfires, Fidelis’s CEO has said the lessor policy dispute is effectively resolved, with only minimal exposure remaining. The court case centred on claims under aviation hull ... Read the full article
Talanx generates record net income for H1’25 of €1.4bn
14th August 2025
European insurer and parent of large reinsurer Hannover Re, Talanx Group, has generated a record half-year 2025 net income of €1.37 billion, compared to €1.09 billion in the same period last year, representing 26% growth, leading the firm to raise its net income forecast for 2025 to roughly €2.3 billion. The ... Read the full article
AXA & MOTOGO launch new typhoon parametric and cross-boundary travel insurance
14th August 2025
AXA Hong Kong and Macau and MOTOGO have partnered to launch two new insurance solutions, typhoon parametric and cross-boundary travel. These two innovative insurance solutions will be provided at no cost to eligible MOTOGO members under Dah Chong Hong Motors. The 'Tropical Cyclone Coverage', is considered the market's first typhoon parametric insurance. ... Read the full article
Swiss Re posts 24% rise in net income and 81.1% P&C combined ratio for H1’25
14th August 2025
Healthy underwriting margins across property and casualty (P&C) and life and health (L&H) reinsurance, as well as a solid investment result, helped reinsurance giant Swiss Re generate a 24% year-on-year rise in net income to $2.6 billion for the first half of 2025 with an ROE of 23%, compared with ... Read the full article
Thomas O’Brien joins Canada Life Re as Head of Reinsurance Operations Europe
14th August 2025
Canada Life Reinsurance, a provider of reinsurance solutions for life and health, has announced the appointment of Thomas O'Brien from Hannover Re as CEO CLRe Ireland and Head of Reinsurance Operations Europe, a Dublin-based role. O'Brien is joining the company following a 15-year tenure at Hannover Re, where he most recently ... Read the full article
Kelso completes sale of Accession to Brown & Brown for $9.83bn
14th August 2025
Kelso & Company, L.P., a North American-focused middle-market private equity firm, has completed the sale of its portfolio company Accession Risk Management Group to Brown & Brown in a primarily cash transaction valued at approximately $9.83 billion. Initially announced in June 2025, the deal is one of the largest full private ... Read the full article
Shanghai Asian Insurance Brokers (UK) & Altum Risk secure SIRE authorisation
14th August 2025
Shanghai Asian Insurance Brokers (UK) Ltd, alongside its Appointed Representative Altum Risk Ltd, have been authorised to fully operate on the Shanghai Insurance and Reinsurance Exchange (SIRE) platform. This authorisation, effective from 6 March 2025 to 5 March 2028, allows both companies to delegate representatives to conduct contract negotiations, consultations, data ... Read the full article
Confidence from multiyear track record behind reinsurance overhead cut: Lemonade CEO
13th August 2025
Following Lemonade’s June decision to cut the ceded proportion of its quota share reinsurance from about 55% to 20%, CEO and Co-Founder Daniel Schreiber said the arrangement was used more for capital than risk management, adding that the policies protecting against risk concentration remain materially unchanged. The firm noted at ... Read the full article
AXIS Capacity Solutions launches led by David Murie
13th August 2025
AXIS Capital Holdings Limited, a global specialty underwriter and provider of re/insurance solutions, has launched AXIS Capacity Solutions, a new business unit dedicated to developing and supporting structured and multi-line portfolio capacity deals on both a facilitated and delegated basis. AXIS has appointed David Murie as Head of AXIS Capacity Solutions. ... Read the full article
Mehmet Shukri to lead Aon’s UK Reinsurance Client Services
13th August 2025
Aon, a global insurance and reinsurance broking group, has announced the appointment of Mehmet Shukri as Head of UK Client Services for Aon’s Reinsurance Solutions, effective immediately. In his new role, Shukri will focus on accelerating client value in line with the firm’s global Reinsurance Solutions advocacy proposition, ensuring all Aon ... Read the full article
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