Reinsurance News

Coterie Insurance names Mike Albert and Allan Egbert to technology leadership roles

21st August 2025

Coterie Insurance, a tech-enabled and data-focused managing general agent (MGA), has appointed Mike Albert as Chief Technology Officer and Allan Egbert as Chief Platform Officer. Albert and Egbert have worked with Coterie as advisors since early 2025. The two previously co-founded Ask Kodiak, an insurtech that built an appetite and eligibility ... Read the full article

Somerset Re gets A rating from AM Best for new Bermuda life reinsurer

21st August 2025

Somerset Life Re, a new reinsurance company domiciled in Bermuda and a subsidiary of Somerset Re, has received a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) from AM Best. The ratings reflect the company’s balance sheet strength, which AM Best assesses as strong, ... Read the full article

XPT Specialty adds three underwriters to drive regional growth

21st August 2025

XPT Specialty, a wholesale broker for commercial and personal insurance, has announced the appointment of three new underwriters: Will Pinson, Janet Christenberry, and Charles Bethishou. The hires expand XPT Specialty’s operations into Atlanta and North Carolina, bringing a strong blend of underwriting expertise, established market relationships, and regional insights. Will Pinson has ... Read the full article

Balance of power ‘slowly shifting back towards buyers’ ahead of Jan ’26 renewals: Antares CEO

21st August 2025

Mike van der Straaten, Chief Executive Officer of Antares Global, a provider of insurance and reinsurance capacity, has said that the balance of power is shifting back towards buyers of reinsurance, with greater competition and gradually returning capacity poised to put downward pressure on rates ahead of the January 1st, ... Read the full article

Aviation loss activity could drive market hardening into Q4, says Howden

21st August 2025

According to analysts at Howden, the global insurance and reinsurance broking group, after a "relatively restrained" January 1st aviation renewal, a series of high-profile losses and evolving dynamics in the first half of 2025, market firming could occur heading into the final quarter of the year. The first half of this ... Read the full article

Markel Insurance names Alain Paris as Product Line Leader for Primary Casualty

21st August 2025

Markel Insurance, the insurance division of Markel Group Inc., has appointed Alain Paris as Vice President, Product Line Leader - Primary Casualty, effective immediately. In this new role, Paris will be responsible for leading the primary casualty product line across Canada, working closely with technical and field underwriting teams. The firm notes ... Read the full article

Oka launches green credit insurance offering

21st August 2025

Oka, the US carbon-credit insurance carrier, has announced the expansion of its climate risk solutions with the launch of a new green credit insurance offering. The expansion builds on Oka’s carbon products, and aims to de-risk a wider range of sustainable finance projects. Oka’s expanded suite now includes coverage for:

• Transition project

GCC Islamic insurers set for earnings decline in 2025 despite strong revenue growth: S&P

21st August 2025

Islamic and Takaful insurers in the Gulf Cooperation Council (GCC) are expected to see a sharp decline in earnings in 2025, despite continuing to benefit from solid revenue growth, according to S&P Global Ratings. S&P, a provider of credit ratings, research, and analytics worldwide, indicates that while the sector has strong ... Read the full article

AXA XL adds Eric Judd as Executive Underwriter in New York

21st August 2025

AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has appointed Eric Judd as an Executive Underwriter, based in New York, as the firm continues to build its energy underwriting team in the Americas. Judd brings over three decades of experience in the insurance and ... Read the full article

Casualty reinsurance could reach tipping point if legal trends fail to stabilise: AM Best

21st August 2025

According to AM Best, a credit rating agency and data provider specialising in the insurance industry, unstable legal trends in the US could cause casualty reinsurance to reach a tipping point where pricing no longer compensates for the volatility. In AM Best's recent reinsurance sector report, analysts highlight how legal system ... Read the full article

Ryan Financial Lines expands IAB E&O Program with admitted product

21st August 2025

Ryan Financial Lines, a managing general underwriter (MGU) within Ryan Specialty Underwriting Managers, has expanded its national Insurance Agents & Brokers (IAB) E&O Program to offer an admitted product available in all US states except Connecticut, New York, Alaska, and Hawaii. Designed for retail agents, this expansion underscores Ryan Financial Lines’ ... Read the full article

Ian Davis to lead the Vermont Captive Insurance Association as President

21st August 2025

The Vermont Captive Insurance Association (VCIA), a global captive insurance trade association, has announced the appointment of Ian Davis as its new President. A highly respected leader, Davis brings to his new role over a decade of industry experience in the captive insurance sector. With a diverse background spanning both public and ... Read the full article

Favourable market conditions drive peak P&C profitability for European reinsurers: Fitch

20th August 2025

Fitch Ratings has reported that property and casualty (P&C) reinsurance has reached peak profitability, with a record low average combined ratio of 81.5% for Europe's big four reinsurers. This “reflects healthy attritional performance and a low natural cat loss ratio for all reinsurers as market conditions remain favourable.” Reinsurers benefitted from a ... Read the full article

ZhongAn Online net profit soars over 1,100% in H1’25

20th August 2025

China’s largest online-only insurer, ZhongAn Online P&C Insurance Co., Ltd., reported a net profit attributable to shareholders of RMB 668 million (~USD 93 million) in the first half of 2025, soaring 1,103.5% year over year. The company attributed this surge to stable investment returns and a historic turnaround in its digital ... Read the full article

Philippine insurers FPG and Mercantile announce merger

20th August 2025

FPG Insurance Co Inc (FPG) and The Mercantile Insurance Co Inc, two of the largest non-life insurance providers in the Philippines, have announced their plans to merge, forming FPG Mercantile. With a combined GWP of PHP 10 billion, FPG Mercantile is set to become a new non-life insurance powerhouse in the ... Read the full article