Reinsurance News
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
Mercury Insurance to support Safeco customers as Liberty Mutual adjusts California strategy
7th August 2025
Mercury Insurance, a provider of auto and home insurance based in California, is partnering with Liberty Mutual Insurance, a property and casualty insurer, to help safeguard coverage for thousands of California policyholders. The collaboration comes in response to Liberty Mutual’s decision to revise its personal insurance offerings in the state, affecting ... Read the full article
Hamilton’s net income rises to $187m as underwriting result improves for Q2’25
7th August 2025
Bermuda-domiciled re/insurer Hamilton Insurance Group has reported net income of $187.4 million for the second quarter of 2025, compared to $131.1 million in Q2’24, as underwriting income grew to $67.5 million with a combined ratio of 86.8%, compared to $65.3 million and a combined ratio of 84.4% in Q2’24. For Q2’25, ... Read the full article
Property reinsurers must commit to AI investment to drive future growth: Gallagher Re
7th August 2025
Gallagher Re’s recent Global InsurTech Report highlights AI’s potential to make property re/insurance more data-driven, responsive, and profitable, but achieving this requires reinsurers to commit to investing in AI, including building robust data infrastructure capable of handling vast and varied datasets. Within the report, Freddie Scarratt, Global Deputy Head of InsurTech ... Read the full article
Carrick Re completes LPT deal with National Casualty and Nationwide UK branches
7th August 2025
Carrick Group's Bermuda class 3A reinsurer, Carrick Re Ltd., has entered into a loss portfolio transfer (LPT) with National Casualty Company of America, Limited, National Casualty Company, UK Branch, and Nationwide General Insurance Company, UK Branch, ahead of a proposed Part VII transfer. According to Carrick Group, which is a Bermuda-based ... Read the full article
Broker feedback has been very positive: Pinpoint UK’s Powell
7th August 2025
In our latest Reinsurance News video interview, we spoke with Shevawn Barder, Founder and CEO of AM Specialty Insurance Company (ASIC), and Darren Powell, CUO of Pinpoint UK, about their plans for the new MGA and progress as ASIC expands beyond North America into the London and ... Read the full article
India strategy shifts from investor to domestic operator: Allianz CEO
7th August 2025
Following the sale of its 26% stakes in its Indian life and non-life insurance joint ventures and a binding agreement to form a 50:50 reinsurance venture, Allianz CEO Oliver Bäte said the group always intended to run a domestic business rather than remain a passive investor, and is now looking ... Read the full article
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