Reinsurance News
US P&C insurance industry to remain profitable for several years: S&P
19th August 2025
The US property and casualty (P&C) insurance sector is projected to remain profitable for the next several years, driven mainly by a rapid turnaround in the private auto sector in 2024, according to a recent S&P report. Rating agency S&P’s Global Market Intelligence 2025 US Property and Casualty (P&C) Insurance Market ... Read the full article
CNA makes key leadership changes aimed to enhance underwriting capabilities
19th August 2025
Chicago-domiciled insurer CNA Financial Corporation has announced several leadership changes to enhance its underwriting capabilities, including the appointment of David Haas as President of Global Specialty. In his new role, Haas will oversee Financial Lines, Healthcare, Affinity and Warranty. A seasoned executive at CNA, Haas is known for his strong leadership ... Read the full article
MGA Pivix launches brokerage division led by Michael Gramm
19th August 2025
Pivix Specialty Insurance Services, an excess and surplus (E&S) focused MGA, has announced the launch of a brokerage division led by Michael Gramm. Pivix, founded in September 2024 by industry veteran Mike Miller, entered the market with a contract binding program targeting small commercial property and general liability risks. All products ... Read the full article
Insurance data standards key to unlocking AI’s potential: ACORD
19th August 2025
In the re/insurance industry, data standards that ensure structured, high-quality, and interoperable information are vital for artificial intelligence (AI) models to function effectively, according to Somesh Mukherjee, VP, Solutions Architecture at ACORD Solutions Group. Mukherjee noted that as AI becomes central to the industry’s evolution, one fact is clear: AI is ... Read the full article
Capital deployment becoming more diverse as reinsurance growth persists: AM Best
19th August 2025
As the overall size of the reinsurance market continues to expand, projected to reach a new high of $649 billion at year-end 2025, market concentration has gradually declined as capital deployment becomes more diversified across the sector, AM Best has revealed. According to the rating agency's “Global Reinsurance Market Report”, this ... Read the full article
HDI Global’s insurance revenue rises 8% to €5.1bn in H1’25
19th August 2025
HDI Global, a commercial and specialty lines insurer, reported insurance revenue of €5.1 billion for the first half of 2025, an 8% increase from €4.8 billion in the same period last year. The company said its revenue and net income growth in H1’25 was driven by growth in new business across ... Read the full article
T. Rowe Price strengthens insurance business with three new hires
19th August 2025
T. Rowe Price, a global investment management firm, has announced three senior appointments to support the continued expansion of its insurance business. Headquartered in Baltimore, Maryland, the firm provides a broad range of investment solutions across equity, fixed income, and multi-asset capabilities for clients worldwide — from individuals and advisors to ... Read the full article
Atradius UK launches dedicated Surety department
19th August 2025
Atradius UK, a provider of trade credit insurance, surety, and collections services worldwide, has launched a dedicated Surety branch, expanding its ability to deliver bonds and guarantees to businesses across the UK. This reinforces Atradius’s established UK market position and underscores its commitment to providing comprehensive risk management solutions for companies ... Read the full article
Howden names Chris Hughes as CEO of New Zealand
19th August 2025
Howden, the global insurance and reinsurance broking group, has appointed Chris Hughes as Chief Executive Officer (CEO) of New Zealand (NZ), effective November, after fulfilling his contractual obligations to his current employer. Meanwhile, Nigel Wallace transitions to the role of Chair of the Howden broking business in New Zealand, as expansion ... Read the full article
UK bulk annuities show strong activity in H1’25, according to Aon
19th August 2025
Aon, a professional services firm specialising in risk, retirement, and health solutions, has reported that the UK bulk annuity market remained active in the first half of 2025, despite a modest slowdown in overall volumes compared with the latter half of 2024. According to Aon’s Insurer Due Diligence team, the market ... Read the full article
PPL launches first general market release from Microsoft partnership
19th August 2025
Placing Platform Limited (PPL) has launched the first general market release from its Microsoft partnership, introducing a new app within Outlook that gives clients access to upcoming products and features. Alongside the app’s launch is direct connectivity between Microsoft Outlook and Microsoft Teams and the placing platform, which will reportedly facilitate ... Read the full article
Life reinsurance serves as vital diversification mechanism for Big Four: AM Best
19th August 2025
AM Best has noted that life protection reinsurance, driven largely by the US market, has been a key element of the European Big Four reinsurers’ risk profiles, providing diversification and earnings stability, with typical margins of 5%–10%. "This reduces the volatility inherent in reinsurers' earnings, providing some offset against the more ... Read the full article
Nationwide completes acquisition of renewal rights for Markel’s Global Reinsurance unit
19th August 2025
As previously announced, Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has completed the acquisition of the renewal rights of Markel Insurance’s Global Reinsurance business. This signals Markel’s exit from the reinsurance market as part of its broader strategy to simplify operations and focus on ... Read the full article
Willis launches global digital auto-follow facility Gemini
19th August 2025
Willis, a WTW business, has announced the launch of Gemini, a global digital auto-follow facility designed to provide sustainable capacity locally to clients across their insurance portfolios. The "innovative" solution is set to address the growing complexity of risk and market volatility, giving clients more confidence in outcomes, even in challenging ... Read the full article
Swiss Re appoints Robin Spencer as COO for L&H Reinsurance
19th August 2025
Global reinsurer Swiss Re has appointed Robin Spencer as Chief Operating Officer (COO) for its Life & Health Reinsurance (L&H Re) business unit, effective 1st September 2025. Based in London, Spencer will oversee Swiss Re's global L&H Re operations, focusing on strengthening service delivery, enhancing operational efficiency, and aligning his team’s ... Read the full article
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