Reinsurance News
SCOR places €500m subordinated notes set to mature in 2055
3rd September 2025
French reinsurer SCOR has successfully placed €500 million Fixed to Floating Rate Subordinated Notes with institutional investors, which mature on September 10, 2055, and are eligible as Tier 2 regulatory capital under Solvency II. The notes are rated A- by S&P Global Ratings Europe Limited, and SCOR explained that the transaction ... Read the full article
Aon highlights $5bn reinsurance premium opportunity from emerging casualty risks
3rd September 2025
In its latest casualty sector update, developed in collaboration with Moody's, Aon revealed that emerging risks, such as PFAS contamination, addictive software design, and microplastics, could contribute approximately $5 billion of reinsurance premium annually while also reshaping the liability landscape, presenting insurers and reinsurers with challenges and volatility but also ... Read the full article
Cyber insurance faces rate deterioration and reduced organic growth: Swiss Re
3rd September 2025
Despite a fast-evolving cyber threat landscape, Swiss Re reports that cyber insurance rates have deteriorated for a third consecutive year, leading to growth estimates being revised down from 6% to 5% compound annual growth rate (CAGR) from 2023 onward. Between 2017 and 2022, global cyber insurance premiums grew at double-digit rates, ... Read the full article
Paragon appoints Sudagar as Chief Actuary
3rd September 2025
Paragon Insurance Holdings, an international managing general agency, has announced the appointment of Maheswaran Sudagar as Chief Actuary. In his new role, Sudagar, a Fellow of the Casualty Actuarial Society (FCAS) with over two decades of experience, will lead Paragon's actuarial functions, working with the underwriting, finance, product and analytics teams ... Read the full article
Skyward Specialty to acquire Lloyd’s specialist Apollo
3rd September 2025
Skyward Specialty Insurance Group, a property and casualty (P&C) specialist insurer, has entered into a definitive agreement to acquire 100% of Lloyd's specialist, Apollo Group Holdings Limited's shares for a total consideration of $555 million from Alchemy, management, employees, and other strategic investors. Employees and strategic investors will receive $184 million ... Read the full article
DOF advances climate-disaster risk finance & insurance mechanisms in the Philippines
3rd September 2025
The Department of Finance (DOF), together with the Global Shield Secretariat, the Institute for Climate and Sustainable Cities (ICSC), and development partners, is working to strengthen climate-disaster risk finance and insurance (CDRFI) mechanisms in the Philippines. As the government agency tasked with mobilising financial resources for climate initiatives, the DOF is ... Read the full article
Sompo announces three key appointments in APAC Finance team
3rd September 2025
Sompo has announced three key appointments in its Asia Pacific (APAC) Finance team, with See Ju Chua, Pei Shan Tay, and Mindy Lee assuming new roles within the company. See Ju Chua has been appointed Senior Vice President (SVP), Head of Capital Management, APAC. She will be responsible for managing the ... Read the full article
Caffrey to take over as White Mountains CEO in 2026
2nd September 2025
White Mountains Insurance Group, Ltd. has announced the appointment of Liam Caffrey as Chief Executive Officer, effective January 1, 2026, succeeding current CEO Manning Rountree. Caffrey, who currently serves as President and Chief Financial Officer of White Mountains, will also be joining the company’s Board as he takes over the CEO ... Read the full article
Average annual insured losses from nat cats rise to $152bn: Verisk
2nd September 2025
The global modelled insured average annual property loss (AAL) from natural catastrophes has increased to $152 billion, according to the latest annual report from Verisk’s Extreme Event Solutions business. This means that the insurance industry should now be prepared for total annual insured property losses from natural catastrophes that far exceed ... Read the full article
Continued reinsurance capital growth hinges on sustained profitability: Gallagher Re
2nd September 2025
Global reinsurance capital has climbed to a record $805 billion and is set to grow a further 8% this year on the back of retained earnings, but despite the rising capacity, pricing momentum remains tied to structural profitability rather than new inflows, with sector returns still running at nearly ... Read the full article
Fitch revises global reinsurance sector outlook to deteriorating
2nd September 2025
Ahead of RVS 2025, Fitch Ratings has revised its global reinsurance sector outlook to ‘deteriorating’ from ‘neutral,’ anticipating moderately weaker, but still sound, operational and business conditions in 2026. The ratings agency expects abundant capacity and rising competition across most property lines to gradually erode prices, while rising claims costs—driven by ... Read the full article
CyberCube launches Exposure Manager to transform cyber portfolio assessment
2nd September 2025
CyberCube, a provider of cyber risk analytics, has launched Exposure Manager (XM), a first-of-its-kind tool that enables re/insurers to efficiently evaluate cyber risk across entire portfolios with powerful, quantified data. CyberCube said the launch marks “the beginning of a new era in cyber insurance,” delivering transparency into portfolio-level exposures and risk ... Read the full article
S&P maintains stable reinsurance outlook but says pricing has passed its peak
2nd September 2025
As the industry prepares to meet in Monte Carlo for RVS 2025, S&P Global Ratings suggests that reinsurance pricing has passed its peak, likely tempering earnings prospects for global reinsurers over 2025–2026; nevertheless, the ratings agency maintains a stable outlook for the sector. The stable outlook is supported by reinsurers' robust ... Read the full article
Envelop Risk welcomes new hires in Bermuda and London
2nd September 2025
Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has announced three new appointments: Michael Murdoch-Smith and JayLynn Hines, who will be based in Bermuda; and Sarah Kennerley, who will be based in London. Murdoch-Smith has been appointed senior vice president, underwriter, reporting to Dominic Peters, CEO of Envelop Underwriting. The ... Read the full article
Moody’s shifts reinsurance sector outlook to stable as market tilts toward buyers
2nd September 2025
Moody's has changed its outlook on the global reinsurance sector to stable from positive, noting that pricing for property reinsurance is declining as the supply/demand balance shifts toward reinsurance buyers. According to Moody’s, abundant traditional market capacity and rising inflows into alternative markets, especially catastrophe bonds, are exerting downward pressure on ... Read the full article
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