Reinsurance News
Selective Insurance reports 34% rise in net income to $108m in Q1’25
28th April 2025
Selective Insurance Group has reported its financial results for the first quarter of 2025, reporting net income of $107.6 million, $1.24 billion in net written premiums (NWP) and an improved combined ratio of 96.1%. The company achieved a 7% year-over-year increase in NWP, mainly driven by renewal pure price increases of ... Read the full article
Addresscloud and Smarty partner to deliver enhanced rooftop-level property intelligence
28th April 2025
Addresscloud, a provider of geocoding and property intelligence solutions, has announced a strategic partnership with Smarty, a US address data and geolocation specialist. The collaboration aims to equip underwriters with rooftop-level location accuracy across more than 210 million properties in the United States. This partnership will enable Addresscloud’s users to accurately identify ... Read the full article
ReSource Pro appoints Paul Naquin to lead new global Technology Services division
28th April 2025
ReSource Pro, a strategic operations partner for the insurance industry, has named Paul Naquin as Senior Vice President and General Manager of its newly established Technology Services division. In this executive role, Naquin will oversee a global team tasked with delivering comprehensive technology solutions for insurance clients. This includes system optimisation, ... Read the full article
Reinsurers to be only ‘mildly affected’ by existing tariffs: Morningstar DBRS
25th April 2025
While tariff-induced inflationary factors impacting property insurance are expected to affect property reinsurance as well, Morningstar DBRS analysts have suggested reinsurers will only see a mild impact due to their diverse global operations and exposure to non-property lines like life and casualty reinsurance. In a new report focused on U.S. trade ... Read the full article
Echo Re’s GWP grows 7.3% in 2024
25th April 2025
Echo Reinsurance Limited (Echo Re), a Swiss-based reinsurer, reported gross written premiums of $482 million in its full-year 2024 results, marking a 7.3% increase from $449 million in 2023. In light of the solid premium growth in 2024, Property made up 40% of Echo Re’s portfolio composition for the year. In ... Read the full article
At a macro level, the need for re/insurance is increasing: Aon CEO Case
25th April 2025
Regardless of the turbulent macroeconomic environment, the long-term trends, in terms of levels of risk, is on the rise, and as the need for solutions increases, there will be implications for demand and pricing of re/insurance, according to Greg Case, Chief Executive Officer (CEO) of global broking group Aon. Earlier today, ... Read the full article
Global Aerospace appoints Eric Donofrio as Chief Underwriting Officer
25th April 2025
Global Aerospace, a provider of aviation and aerospace insurance, has announced the appointment of Eric Donofrio as Chief Underwriting Officer. In this role, Donofrio will oversee U.S. underwriting operations, reporting to Jeffrey Bruno, President and Group Chief Underwriting Officer. He will be based in the Morris Plains, NJ office. Donofrio brings nearly ... Read the full article
Donegal Group reports improved net income and CoR in Q1’25
25th April 2025
US insurance holding company Donegal Group Inc. has announced its financial results for the first quarter of 2025, reporting an increase in net income to $25.2 million and in net premiums earned, $232.7 million, as well as an improved combined ratio of 91.6%. In Q1 2024, the firm's net income stood ... Read the full article
Willis appoints Dom Spinelli as Head of Transactional Insurance Claims, NA
25th April 2025
Willis, a WTW business, has announced the appointment of Dom Spinelli as Head of Transactional Insurance Claims for North America. In this role, he will lead the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) division, overseeing the full lifecycle of transactional insurance claims, including representations and warranties, tax, and ... Read the full article
Growing risks for US P&C insurers amid rising secondary perils: AM Best
25th April 2025
A new report from AM Best, the credit rating agency, highlights a pressing issue for the US property and casualty insurance sector: nearly half of all US states recorded their highest single-year property catastrophe loss ratio in the past decade at levels more than 20 percentage points above their respective ... Read the full article
Universal’s direct premiums written up by 4.7% for Q1’25
25th April 2025
Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a 4.7% increase in direct premiums written for the first quarter of 2025, at $467.1 million from $446.1 million a year earlier, driven by 34.7% growth in other states, slightly offset by a 3% decrease in Florida. For Q1 2025, ... Read the full article
RenRe CEO affirms core business is insulated from tariffs and economic downturns
25th April 2025
During RenaissanceRe's first-quarter 2025 earnings call, CEO Kevin J. O'Donnell focused early remarks on the impact of tariffs and inflation—two major forces shaping the global economic landscape and the reinsurer's business strategy. He emphasised that these macroeconomic factors continue to influence pricing, risk assessment, and overall market behaviour, with direct implications ... Read the full article
Floodbase and Yokahu introduce parametric flood insurance to support New Orleans businesses
25th April 2025
Floodbase, a platform focused on insuring flood risks beyond traditional coverage, has partnered with insurance intermediary Yokahu to introduce automated parametric flood insurance in New Orleans. The initiative aims to provide faster, more flexible financial protection for businesses impacted by regional flood events. In contrast to the National Flood Insurance Program (NFIP)—which ... Read the full article
Aon’s Reinsurance Solutions posts organic revenue growth of 4% in Q1’25
25th April 2025
Global broking group Aon's Reinsurance Solutions arm delivered year on year organic revenue growth of 4% to $1.2 billion in the first quarter of 2025, as total revenue across the group increased by 5% on an organic basis to $4.7 billion. In its Q1 2025 results, Aon attributes the revenue increase ... Read the full article
The Hartford sees 16% dip in Q1’25 net income due to wildfire losses
25th April 2025
The Hartford has reported a Q1 2025 net income available to common stockholders of $625 million, down from $748 million in Q1 2024, primarily driven by P&C current accident year catastrophe losses of $467 million, before tax, including $325 million, net of reinsurance, related to the January 2025 California wildfires. The ... Read the full article
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