Reinsurance News
Guidewire introduces Niseko to enhance insurance financial and risk insights
6th August 2025
Guidewire, a provider of software solutions for the insurance industry, has released Niseko, its latest update aimed at offering insurers improved visibility into financial performance and risk exposure. Niseko provides developers with tools designed to simplify the process of updating custom software extensions, automate and reuse core business functions to speed ... Read the full article
Continental Re promotes Moadh Derbali to Head of Underwriting, Facultative
6th August 2025
Pan-African reinsurer Continental Reinsurance has promoted Moadh Derbali to Head of Underwriting for its Facultative Business. According to the reinsurer, his "extensive experience in claims handling, field expertise as a loss adjuster, and prevention engineering is a valuable asset to the team." Derbali brings more than 18 years of experience in the ... Read the full article
Heritage posts higher net income in Q2’25 as CoR improves to 72.9%
6th August 2025
Heritage Insurance has reported Q2 2025 net income of $48 million, up from $18.9 million in the prior year quarter, primarily driven by a reduction in losses and loss adjustment expenses and a reduction in other operating expenses, with an increase in net premiums earned. According to Heritage, the improvement in ... Read the full article
WTW and Klarity partner to enhance life insurance pricing with wearable tech data
6th August 2025
WTW, an advisory and broking firm, is working with UK-based health data analytics company Klarity to test whether wearable technology can improve how life insurers assess and price individual risk. Current life insurance underwriting methods typically rely on factors like cholesterol levels, blood pressure, BMI, smoking status, and family medical history. While ... Read the full article
UIB International sells minority stake in UIB India
6th August 2025
UIB International Ltd, the holding company for the UIB Group’s global investments, has announced the sale of its minority shareholding in UIB Insurance Brokers (India) Private Ltd (UIB India) to Edme Services Private Ltd, an affiliate of Samara Capital, an Indian private equity firm. The transaction, a collaboration with majority shareholders ... Read the full article
Corebridge reports 10% APTOI increase in Q2’25 despite net loss
6th August 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the second quarter of 2025, reporting an adjusted pre-tax operating income (APTOI) of $942 million despite a net loss of $660 million. Q1 2025’s net loss compares to a gain of $365 million reported in the same ... Read the full article
Optio completes acquisition of Luxembourg-based MGA Circles Group
6th August 2025
Optio Group, a specialty managing general agent (MGA), has completed its acquisition of the Luxembourg-based MGA Circles Group (Circles). The transaction, initially announced in October 2024, reportedly marks Optio’s largest acquisition in Europe to date. Founded in 2001, Circles specialises in contingency and special risks insurance. With over €50 million in ... Read the full article
Lancashire sees insurance revenue hit $930.1m in H1’25
6th August 2025
Lancashire has reported insurance revenue of $930.1 million for the first half of 2025, an increase of $76 million, or 8.9%, compared to the same period in 2024. Of that total, the reinsurance segment contributed $450.6 million, while the insurance segment generated $479.5 million. Meanwhile, the firm's gross premiums written increased by ... Read the full article
Howden Re secures full reinsurance license to operate from Dubai International Financial Centre
6th August 2025
Howden Re, the global reinsurance broking arm of Howden Group, has received a full reinsurance license from the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC), with Julian Samengo-Turner and Attilio Tornetta to co-lead the firm's Dubai operations. This new Dubai license strengthens Howden Re’s ... Read the full article
Insured losses in 2025 could exceed $150bn following costly H1: Swiss Re
6th August 2025
The Swiss Re Institute has revealed that global insured losses from natural catastrophes hit $80 billion in H1 2025, which is almost double the 10-year average and more than half of the firm's projected full-year figure of $150 billion. According to the Swiss Re Institute, the Los Angeles County wildfires in January ... Read the full article
Rothesay completes £900m buy-in with National Grid
6th August 2025
Rothesay, a pensions insurance specialist, has completed a £900m buy-in with the National Grid UK Pension Scheme in July 2025, securing the benefits of 7,130 pensioners and their dependents. The transaction brings the total value of the Scheme’s de-risked liabilities with Rothesay to £4.5 billion, following previous buy-ins of £800 million ... Read the full article
Nexus Underwriting adds SCOR’s Eamonn Long as CUO for Alternative Risk Transfer
6th August 2025
Nexus Underwriting, a Brown & Brown group subsidiary, has appointed Eamonn Long as Chief Underwriting Officer (CUO) for its Alternative Risk Transfer (ART) business. In his new role, Long supports and grows Nexus’s service in ART, translating complex structures into successful transactions, and collaborating closely with capacity providers and producing brokers ... Read the full article
Hiscox Re & ILS reports top-line growth but LA wildfires dent H1’25 underwriting result
6th August 2025
Hiscox Re & ILS, which comprises the global insurer's reinsurance businesses in London and Bermuda and insurance-linked securities (ILS) activity, posted a 7% rise in insurance contract written premium (ICWP) for the first half of 2025 to $887.3 million, although the combined ratio increased to 95.1% as a result of ... Read the full article
PartnerRe reports net income of $493m for H1’25 despite non-life underwriting loss
6th August 2025
Bermuda-based reinsurer PartnerRe has reported net income of $493 million for the first half of 2025, up on the prior year's $362 million by 36% despite the non-life segment falling to an underwriting loss as a result of the January California wildfires and reserve strengthening on prior years. The non-life business ... Read the full article
AM Best: US L/A insurers shift toward mortgages and alternatives as bond yields
6th August 2025
According to a recent report from AM Best, a credit rating agency, the bond portfolio yield for the US life/annuity (L/A) insurance industry rose to its highest point in ten years in 2024, increasing by 22 basis points to 4.79%. However, AM Best notes that this rise came alongside a significant ... Read the full article
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