Reinsurance News
GIC Re’s profit soars 69% in Q1 as gross premiums reach ₹12,388 crore
8th August 2025
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported a net profit of ₹1,752 crore for the first quarter ended June 30, 2025, up around 69% compared to the same period of the previous financial year. GIC Re's gross premium figure stood at ₹12,388 crore for ... Read the full article
Ambac reports 110% increase in Q2’25 total P&C premium production
8th August 2025
Insurance holding company Ambac Financial Group, Inc. has announced its financial results for the second quarter of 2025, reporting total revenues from continuing operations of $55 million, an 8% increase from the $51 million in Q2 2025, and a 110% increase in total P&C premium production, compared to the same ... Read the full article
MS Amlin Underwriting net income rises to £15m in Q1 FY’25
8th August 2025
MS Amlin Underwriting Limited (AUL), the Lloyd’s global insurer and reinsurer and Managing Agent of Syndicate 2001, reported a net income of £15 million for the first quarter of the fiscal year, up 36.36% from £11 million in the same period last year. Insurance service profit was £19 million, down £3 ... Read the full article
Property cat isn’t approaching a pain point, there is no soft market, says Munich Re’s Wenning
8th August 2025
Joachim Wenning, Chief Executive Officer (CEO) of global reinsurer Munich Re, said this morning that there is no soft market in property catastrophe reinsurance, rather the period of no major losses for reinsurance companies is over. Addressing the media after the release of a strong set of quarterly and half ... Read the full article
Aspen’s underwriting income climbs 25% in Q2’25 as CoR improves
8th August 2025
Aspen Insurance has continued to deliver a strong underwriting performance in Q2 2025, achieving a net combined ratio of 85.1% and underwriting income of $100 million. In the firm's Insurance Segment, underwriting income in Q2 2025 was $44 million with a combined ratio of 88.9%, marking a 1.7 percentage point improvement ... Read the full article
Africa Re launches Index-Based Livestock Insurance product in Nigeria
8th August 2025
Africa Re, in collaboration with the Livestock Productivity and Resilience Support Project (L-PRES), a consortium of insurance providers, and development partners, has launched an Index-Based Livestock Insurance (IBLI) product in Nigeria. The product was officially introduced at an event on July 24th, 2025, at the Transcorp Hilton in Abuja. The launch ... Read the full article
Sherbahn to lead Amiga Specialty’s new Hong Kong operations as MD of Financial Lines, APAC
8th August 2025
Amiga Specialty, the recently launched specialty managing general agent (MGA) has announced its expansion into the Asia Pacific market with the launch of a new Hong Kong operation, which is to be led by Ralph Sherbahn as Managing Director of Financial Lines, Asia Pacific. Sherbahn is set to drive the build-out ... Read the full article
Munich Re ‘well on track’ to reach annual target with H1’25 result of €3.2bn
8th August 2025
Munich Re, one of Europe's big four reinsurers, has confirmed its record-breaking profit of €2.1 billion for the second quarter of 2025, although for the first half of the year profit fell 15% to a still strong €3.2 billion, as the firm reports a 3.2% decrease in the volume of ... Read the full article
WTW appoints Allan Stierle as Head of M&A Latin America at FINEX Global
8th August 2025
Insurance and reinsurance broking group WTW has announced the appointment of Allan Stierle as Head of M&A Latin America at FINEX Global. In this role, Stierle will lead and develop the M&A practice in Latin America while supporting the company’s efforts to grow FINEX in the region. He will work closely with ... Read the full article
Highstreet Insurance partners secures $550m to support ongoing expansion
8th August 2025
Highstreet Insurance Partners, an insurance agency headquartered in Michigan, has secured $550 million in new capital to continue its acquisition-focused growth strategy and expand its operations in local markets. The funding, structured as a delayed draw term loan (DDTL) and led by Ares Capital, was increased from an initial target of ... Read the full article
Gallagher Re appoints Dave Brune as EVP, Program Solutions
8th August 2025
Gallagher Re, a reinsurance broker and advisor, has recently announced the appointment of Dave Brune as Executive Vice President (EVP) within its Program Solutions division. In this role, Brune will be responsible for shaping and executing the firm's North American programs strategy. He will focus on delivering efficient solutions to insurance carriers ... Read the full article
Increasing number of insurers outsource investment management, reports AM Best
7th August 2025
A recent report issued by AM Best, the credit rating agency, highlights a growing trend in the insurance sector: more insurers are turning to third-party asset managers to oversee their investment portfolios, with the US life/annuity segment showing the most significant activity. According to AM Best, this shift is particularly evident ... Read the full article
Kuwait Re’s net profit increased 39% to $31m in H1’25
7th August 2025
Kuwait Reinsurance Company (Kuwait Re) reported a net profit of $31.07 million (KWD 9,517,762) for the first half of 2025, marking a 39% increase from $22.41 million (KWD 6,876,348) in the same period last year. The company attributed the growth to a 15% increase in gross written premiums and a 31% ... Read the full article
AIG’s conservative approach to US property aided by clear understanding of reinsurance cost: CEO
7th August 2025
Peter Zaffino, Chief Executive Officer (CEO) of global insurer AIG, has discussed the importance of the firm's reinsurance purchasing strategy for its US property portfolio, revealing that so far in 2025, risk-adjusted rate decreases for reinsurance are at or greater than the pricing decreases on AIG's primary business. Following the ... Read the full article
MSIG USA partners with Coalition to launch new cyber insurance for US
7th August 2025
MSIG USA, a provider of specialty commercial insurance solutions, has strategically partnered with Coalition, an active insurer focused on preventing digital risks, to launch a new cyber insurance offering for its US clients. The new program offers primary cyber coverage for multinational businesses purchasing insurance coverage from MSIG USA internationally and ... Read the full article
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