Reinsurance News
Moody’s raises KlaptonRe’s financial strength rating to Caa1, outlook remains stable
11th August 2025
Moody’s Ratings has upgraded Klapton Reinsurance Limited’s (KlaptonRe) Insurance Financial Strength Rating (IFSR) to Caa1 from Caa2, while maintaining a stable outlook. According to Moody’s, the upgrade reflects KlaptonRe’s significant growth in business and assets outside of Zambia, which has lessened its exposure to the local operating environment and to risks ... Read the full article
Prudential in $4bn longevity reinsurance transaction with NN Life & Pensions
11th August 2025
A subsidiary of Prudential Financial, Inc. has entered into a $4 billion longevity reinsurance risk transfer agreement with NN Life & Pensions, a subsidiary of NN Group, covering around 96,000 policyholders with The Prudential Insurance Company of America. Effective July 1st, 2025, this is the second international longevity reinsurance transaction between ... Read the full article
Aon’s cat risk management survey reveals industry shortfalls and strategic priorities
11th August 2025
Aon, a global insurance and reinsurance broking group, has released its 2025 Catastrophe Risk Management Survey, gathering responses from senior insurance executives on how catastrophe modelling tools are used across key processes such as portfolio management, pricing, and response to natural disasters. The publication of the survey follows Aon’s 1H 2025 ... Read the full article
Global Indemnity’s underwriting income up 61% for Q2’25
11th August 2025
Global Indemnity Group, LLC (GBLI) has reported that current accident year underwriting income grew 61% to $5.6 million for the second quarter of 2025, compared to $3.5 million in the comparable prior year quarter. In Q2’25, the firm recorded continued premium growth, with gross written premiums (GWP) increasing by 6% to ... Read the full article
Chedid Capital launches Momentum Risk Solutions UK as part of European growth strategy
11th August 2025
Chedid Capital, an investment and advisory group in the re/insurance industry, has announced the launch of Momentum Risk Solutions UK, a new Managing General Agent (MGA) headquartered in London. Known for its broad presence in the GCC, Asia, the Middle East, Africa, and Europe, Chedid Capital delivers a wide range of ... Read the full article
Trisura’s operating net income rises 6.4% in Q2’25 driven by underwriting growth
11th August 2025
Trisura Group Ltd., a specialty insurance provider, reported an operating net income of $33.3 million for the second quarter of 2025, up 6.4% from $31.3 million in the same quarter a year earlier, driven by growth in underwriting income and net investment income. The company posted a net income of $37.1 ... Read the full article
Gallagher Bassett names Sarah Penny as Client Services Director, UK
11th August 2025
Gallagher Bassett, the provider of risk and claims management services and a wholly owned subsidiary of Arthur J. Gallagher & Co., has appointed Sarah Penny as Client Services Director for UK operations, reporting to John Fearn, Chief Operating Officer for the United Kingdom. In her new role, she is responsible for ... Read the full article
American Coastal’s net income grew 39% and CoR improved in Q2’25
8th August 2025
American Coastal Insurance Corporation, a property and casualty insurance holding company, reported a net income of $26.4 million for the second quarter of 2025, representing a 38.8% increase compared to $19.1 million in the same quarter a year earlier. The company attributed the increase in net income to higher gross premiums ... Read the full article
ICW Group promotes Iva Yuan to Chief Actuary, Head of Reserving, Pricing, and Product
8th August 2025
ICW Group Insurance Companies, a group of property and casualty insurers offering a range of commercial insurance products nationwide, has promoted Iva Yuan to the role of Chief Actuary, Head of Reserving, Pricing, and Product. In this key position, Yuan will oversee the company’s overall actuarial strategy and lead the development ... Read the full article
HCI Group posts strong Q2’25 results with 15% premium growth
8th August 2025
HCI Group, Inc., a Tampa-based holding company primarily engaged in property and casualty insurance through its subsidiaries, reported strong financial results for the second quarter of 2025, driven by disciplined underwriting and improved loss ratios. The company posted net income after non controlling interests of $66.2 million, up from $54.1 million ... Read the full article
Turner to lead Hiscox’s newly launched SML cover
8th August 2025
Harriet Turner has joined Hiscox’s London Market business to lead the insurer’s new sexual molestation liability (SML) cover. Turner is joining Hiscox from Beazley, where she held various roles in underwriting and strategy, including positions within the Chief Underwriting Officer's office. Her underwriting expertise spans employment practices liability, private D&O, and fiduciary ... Read the full article
CFC appoints Dan Keeler as Head of Digital Underwriting
8th August 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has announced the appointment of Dan Keeler to the newly created role of Head of Digital Underwriting. In this role, Keeler will drive innovation and efficiency in digital underwriting by leading the API partner strategy and overseeing Connect, CFC’s proprietary ... Read the full article
Tokio Marine international business profit rises 3.2% in Q1 FY25
8th August 2025
Tokio Marine Holdings has announced its financial results for the first quarter of the 2025 fiscal year, reporting a 3.2% rise in its international business profit to JPY 126.3 billion, while its international non life business profit decreased 12.3%, to JPY 113.7 billion. The company noted that its overall profit remained ... Read the full article
MS Re posts insurance service profit of $102m as CoR improves to 87.3% in Q1 FY’25
8th August 2025
MS Reinsurance (MS Re), a Switzerland-domiciled global reinsurer, reported an insurance service profit of $102 million for the first quarter of the fiscal year (January to March 2025), up $28 million from $74 million in the same period a year earlier. The company’s combined ratio improved to 87.3%, down 2.4 points ... Read the full article
US homeowners insurance market faces setback in early 2025 amid catastrophic events: AM Best
8th August 2025
According to a newly released analysis by AM Best, a credit rating agency and data provider specialising in the insurance industry, the US homeowners insurance segment experienced significant financial pressure in the first quarter of 2025. Following a year of marked improvement in 2024, the segment encountered its most challenging first ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
