Reinsurance News
Liberty Mutual Re and Safehub launch earthquake parametric insurance solution
27th August 2025
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, and Safehub, a provider of seismic sensor and risk management technology, have launched ShakeNet Parametric, an earthquake parametric insurance solution. The move builds on LM Re’s 2024 exclusive partnership with Safehub, which aimed to deliver a building-specific, sensor-based parametric ... Read the full article
Everest the top Bermuda reinsurer in 2024 with GWP of $12.9bn: AM Best
27th August 2025
Bermuda’s reinsurance sector maintained its global prominence in 2024, with several of its leading players climbing the premium rankings for non-IFRS 17 reporters, according to data from global rating agency AM Best. Our directory of the top 50 global reinsurers, based on AM Best's data, reveals that Everest is the ... Read the full article
Beazley promotes Jenny Han to Focus Group Leader, Environmental Liability
27th August 2025
Specialty insurer Beazley has announced the appointment of Jenny Han as Focus Group Leader, Environmental Liability, effective immediately. Han will be based in San Francisco and report to Jerry Sullivan, Head of Professional, Environmental and Mergers & Acquisitions, who commented: “I’ve had the pleasure of working with Jenny over the years, ... Read the full article
Sompo to enhance global footprint with $3.5bn acquisition of Aspen
27th August 2025
A wholly owned subsidiary of Sompo International Holdings (SIH) has agreed to acquire all outstanding Class A ordinary shares of Aspen Insurance in a $3.5 billion deal. The transaction has reportedly been unanimously approved by both companies' Boards of Directors and is anticipated to close in H1 of 2026. As expected, ... Read the full article
Westfield appoints Henning Haagen as Chief Underwriting Officer
27th August 2025
Westfield, a US-based property and casualty insurer, has announced the appointment of Henning Haagen as Chief Underwriting Officer (CUO), effective 2nd September 2025. Based in Westfield's New York City office, Haagen will oversee the development and execution of enterprise underwriting strategy, standards, and governance across the company’s global portfolio of personal, ... Read the full article
Saudi Arabia, a market of strategic importance for re/insurance: WTW
27th August 2025
WTW, an insurance and reinsurance broking group, has significantly expanded its capabilities in the Kingdom of Saudi Arabia, underscoring the market’s strategic importance. This expansion is the result of the company securing separate licenses for re/insurance broking earlier this year, a move that positions WTW to offer on-the-ground risk, advisory and ... Read the full article
Parametric Insurtech Sola raises $8m Series A to expand property coverage
27th August 2025
Parametric insurtech Sola, a company providing data-driven property insurance solutions, has announced that it has secured $8 million in Series A funding, bringing its total funding to $11.7 million. The round was led by FINTOP Capital and JAM FINTOP, with participation from 10vc and Georgia Tech. Sola offers property insurance that ... Read the full article
Global reinsurers meet cost of capital second year in a row: AM Best
27th August 2025
According to the latest AM Best analysis, global reinsurers met the cost of capital for a second consecutive year in 2024, after four years of failing to do so, despite catastrophes like the California wildfires, driven by strong market performance. Strong market performance reportedly drove down the cost of equity and, ... Read the full article
Debono joins SI Re as Underwriting Manager for Italy and Northern Europe
27th August 2025
Swiss reinsurer SIGNAL IDUNA Reinsurance Ltd (SI Re) has appointed Simone Debono as Underwriting Manager for Italy and Northern Europe. Debono joins SI Re from Helvetia Re, where she spent more than a decade as Senior Underwriter, managing a portfolio across the Nordic countries, Malta, Cyprus, and Greece. Before this, she held ... Read the full article
Moody’s latest wildfire model completes California Department of Insurance review
27th August 2025
Moody’s Corporation has disclosed that Moody’s RMS US Wildfire Model v2.0 has completed the review process established by the California Department of Insurance (CDI), enabling insurers to use the catastrophe model in their residential rate filings. The model was reviewed under the CDI’s rigorous Pre-Application Required Information Determination procedure, which includes ... Read the full article
Helios Underwriting updates mid-point forecasts for 2023/24 syndicate portfolio
27th August 2025
Helios Underwriting, a publicly listed company providing direct access to a range of syndicates at Lloyd’s of London, has released updated mid-point forecasts for its syndicate portfolio covering the 2023 and 2024 years of account, based on second-quarter 2025 figures. Helios reports that the 2023 year of account shows a modest ... Read the full article
VIG’s profit soars in H1’25 as CoR improves to 91.9%
27th August 2025
Vienna Insurance Group has announced that its profit before taxes increased to €531.4 million in H1 2025, representing a 10.5% rise compared to the same period in the previous year, driven in part by a substantially lower overall claims development. Gross written premiums were also up in H1 2025, reaching €8.57 ... Read the full article
Lockton appoints Ryan Bond as Head of P&C, Bermuda
27th August 2025
Lockton, a global independent insurance brokerage, has appointed Ryan Bond in the newly created role of Head of Property and Casualty (P&C) for Bermuda, effective September 8th, 2025, based on the island. In his new role, Bond will report to Philip DiMeglio, Managing Director, Lockton Bermuda, and hold overall responsibility for ... Read the full article
Volumes & revenue growth slowed as renewals progressed this year: Fitch
27th August 2025
The four largest European reinsurers – Munich Reinsurance Company (Munich Re), Swiss Reinsurance Company Ltd (Swiss Re), Hannover Rueck SE (Hannover Re) and SCOR SE – achieved a record average return on equity (ROE) of 21.1% in the first half of 2025 (1H25). They surpassed the previous 20.5% peak seen in ... Read the full article
Andy Frepp named Interim President of Moody’s Analytics
27th August 2025
Moody’s Corporation has appointed Andy Frepp as Interim President of Moody’s Analytics, effective immediately, succeeding Stephen Tulenko, who has resigned to pursue another opportunity. Most recently, Freep served as the Chief Operating Officer of Moody’s Analytics, a role he has held since January 2024. In the meantime, Moody’s has begun a process ... Read the full article
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