Reinsurance News
Zurich’s P&C segment delivers record profit of $2.4bn for H1’25
7th August 2025
Large insurer Zurich achieved a 6% year-on-year rise in Group business operating profit (BOP) to a record $4.2 billion for the first six months of 2025, with property and casualty (P&C) BOP rising 9% to an all-time high of $2.4 billion. Group-wide, net income increased by 1% to $3.1 billion for ... Read the full article
Liberty Mutual’s net income climbs 157% in Q2’25 on underwriting & investment gains
7th August 2025
Liberty Mutual Holding Company has reported Q2 2025 net income of $1.85 billion, up considerably from the $717 million disclosed in Q2 2024, driven by more disciplined underwriting and an excellent investment performance. Liberty Mutual’s Q2 2025 net written premium and total revenue declined to $11.2 billion and $12.5 billion, respectively, ... Read the full article
Allianz posts €4.4bn operating profit for Q2’25 with strong P&C performance
7th August 2025
Global insurer Allianz has reported that its total business volume increased by 8% year-on-year to €44.5 billion in the second quarter of 2025, as operating profit across the Group rose 12% to €4.4 billion, with a particularly strong performance in the property and casualty (P&C) segment. Group-wide, shareholders’ core net income ... Read the full article
Almost $61bn has been raised and invested in InsurTechs since 2012: Gallagher Re
7th August 2025
As per a new report from reinsurance broker Gallagher Re, around $60.8 billion has been raised and invested in InsurTech firms since its records began in 2012, with around 25% directed toward AI-focused companies. Report author and Gallagher Re’s Global Head of InsurTech, Andrew Johnston, noted that while $60 billion represents ... Read the full article
Generali’s operating result up 8.7% in H1’25 with improved CoR
7th August 2025
Global insurer Generali has announced its financial results for the first half of 2025, reporting a consolidated operating result of €4,049 million, up 8.7% compared to the same period last year, as well a slight increase of 0.9% in gross written premiums and an improved combined ratio of 91%. Growth in ... Read the full article
Bowhead Specialty’s net income soars 123% to $12.3m in Q2’25
7th August 2025
Bowhead Specialty Holdings Inc., a provider of casualty and professional liability products, reported a net income of $12.3 million for the second quarter of 2025, a significant increase of 123.1% from $5.5 million in the same quarter a year earlier. Adjusted net income rose 61.9% to $12.8 million in Q2’25, up ... Read the full article
OnRe appoints Tunde Olowofila Head of Reinsurance
7th August 2025
OnRe, a global on-chain reinsurance company, has announced the appointment of experienced industry professional, Tunde Olowofila, as its new Head of Reinsurance. In his new position, Olowofila will be responsible for OnRe’s underwriting strategy, which includes overseeing risk selection and portfolio construction as the company expands. He will also collaborate closely with ... Read the full article
Sollers and Phinsys partner to improve finance in insurance
7th August 2025
Sollers Consulting, a software integrator and operational advisor, and Phinsys Limited, a provider of consultancy and software solutions, have announced their partnership, a collaboration aimed at bringing advanced automation and efficiency to the finance functions of insurance companies. This alliance looks to address the growing need for insurers to modernise their ... Read the full article
Fitch warns of softening ahead for London market property re/insurance
6th August 2025
A new report from Fitch Ratings points to clear signs of significant softening in London market property re/insurance lines in 2025. The rating agency noted that pricing began to markedly decline from its 2024 peak at the 2025 mid-year renewals in the London market. Major losses have also weighed on profitability, most ... Read the full article
AXA XL appoints Higgens & Kelley to Americas Wholesale Solutions team
6th August 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has appointed Betsy Higgens as Head of Casualty and Megan Kelley as Head of Product within its Wholesale Solutions Team in the Americas. Higgens brings over 16 years of expertise in the Excess & Surplus (E&S) ... Read the full article
IGI reports increased net income of $34.1m for Q2’25
6th August 2025
International General Insurance Holdings Ltd. (IGI) has announced its financial results for the second quarter of 2025, reporting a net income of $34.1 million, an increase of 3.9% over the $32.8 million reported for the second quarter of 2024, although the combined ratio increased to 90.5%. The annualized return on average ... Read the full article
BHSI launches Program business in Canada led by David Tran
6th August 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has launched a Programs business in Canada, which will be led by David Tran. Tran has been appointed Head of Programs, Canada, and will be responsible for launching and leading program strategies, including a new national ... Read the full article
CatIQ raises 2024 Calgary hailstorm industry loss estimate to CAD 3.29bn
6th August 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has released its fifth industry loss estimate for the hailstorm that affected Calgary, Alberta, on 5th August 2024, raising the total to CAD 3.29 billion. This marks a slight increase from the fourth estimate, issued six months after the ... Read the full article
We don’t believe it’s a soft market, most classes we write more than adequately priced: Lancashire CEO
6th August 2025
Insurance market conditions remain favourable with most lines of business well priced, and while rates have come down from recent highs, Alex Maloney, CEO of Bermuda-based insurer and reinsurer Lancashire, has said after seven years of aggregate rate change, you don't transition to a soft market in six months. Speaking recently ... Read the full article
Resilience names James C. Riviezzo as Head of NA Distribution & Strategy
6th August 2025
Resilience, a provider of cyber risk solutions, has appointed James C. Riviezzo as Head of North American Distribution and Strategy. The appointment follows a time of significant growth for Resilience as it continues to expand its enterprise client base and strengthens its position as an innovator in the cyber risk management ... Read the full article
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