Reinsurance News
PartnerRe reports net income of $493m for H1’25 despite non-life underwriting loss
6th August 2025
Bermuda-based reinsurer PartnerRe has reported net income of $493 million for the first half of 2025, up on the prior year's $362 million by 36% despite the non-life segment falling to an underwriting loss as a result of the January California wildfires and reserve strengthening on prior years. The non-life business ... Read the full article
AM Best: US L/A insurers shift toward mortgages and alternatives as bond yields
6th August 2025
According to a recent report from AM Best, a credit rating agency, the bond portfolio yield for the US life/annuity (L/A) insurance industry rose to its highest point in ten years in 2024, increasing by 22 basis points to 4.79%. However, AM Best notes that this rise came alongside a significant ... Read the full article
Tysers appoints Desmond Cheok as Associate Director, P&C in Singapore
6th August 2025
Tysers, an independent Lloyd’s insurance broker and part of the Australian AUB Group, has announced the appointment of Desmond Cheok as Associate Director, Property & Casualty (P&C), in Singapore. In his new role, Cheok will report to Tim Stokes, Senior Managing Director, P&C. He will be responsible for driving the development ... Read the full article
J.C. Flowers acquires Italian insurance brokerage Caleas
6th August 2025
J.C. Flowers & Co. (JCF), a private investment firm dedicated to investing in the financial services industry, has announced that investment vehicles affiliated with JCF (JCF Funds) have acquired Caleas Srl, a Milan-based insurance brokerage. This acquisition is part of JCF’s ongoing strategy to consolidate its presence in the Italian insurance ... Read the full article
Property cat ROEs ‘still very attractive’, rate declines not always across the board: Arch CEO
5th August 2025
Bermuda headquartered insurance and reinsurance company, Arch Capital Group Ltd., expanded its property catastrophe reinsurance writings, particularly in Florida, during the second quarter of 2025, and Chief Executive Officer (CEO), Nicolas Papadopoulo, believes that ROEs in the line remain "very attractive." Group-wide, Arch expanded its gross premiums written (GPW) by ... Read the full article
Gallagher Re hires Lockton Re’s Apostolides as Head of Casualty, NA
5th August 2025
Global reinsurance broker Gallagher Re has announced the appointment of Emily Apostolides as Head of Casualty, North America (NA). Apostolides has extensive experience in the Property and Casualty (P&C) treaty space, specialising in specialty casualty and financial lines. She has worked with a wide range of clients to develop, design and place ... Read the full article
Neptune Flood exceeds 250,000 policies in force
5th August 2025
Neptune Flood, a private flood insurance provider in the US, has announced that it has surpassed 250,000 policies in force, reinforcing its position in the private flood insurance market and highlighting continued adoption of its approach to flood protection. Since launching in 2018, the company has expanded to all 50 states ... Read the full article
Amwins appoints Bob Black National Property Practice Leader
5th August 2025
Amwins, a distributor of specialty insurance products and services, has announced the appointment of Bob Black as National Property Practice Leader. Black, who has been with the company for over two decades, will be joining Harry Tucker and Jessica Zuiker in co-leading the practice within Amwins’ Brokerage division. “Bob’s depth of expertise, ... Read the full article
BlueOrchard-managed private equity fund invests in Previsico
5th August 2025
The InsuResilience Investment Fund Private Equity II (IIF II), managed by BlueOrchard Finance Limited, has completed a strategic growth investment in flood intelligence platform Previsico. The investment is reportedly part of a new funding round with participation from Burnt Island Ventures alongside other existing shareholders. As Previsico expands its presence in the ... Read the full article
Amphitrite repurchases Arch’s minority shareholding
5th August 2025
Amphitrite Underwriting London, a marine hull specialist managing general agent (MGA), has bought back Arch’s minority shareholding in the company, transitioning to full independence. Amphitrite was founded in 2018, and with strategic seed investment and capacity backing from Arch. It entered the market in 2019 to build a specialist marine MGA ... Read the full article
Westfield Specialty appoints Jeff Circuit as Head of US A&H Reinsurance
5th August 2025
Westfield Specialty, a global specialty insurance carrier, has announced the appointment of Jeff Circuit as Head of U.S. Accident & Health (A&H) Reinsurance. In this role, Circuit will lead the growth of Westfield Specialty’s newly launched A&H Reinsurance business in the U.S. and will be based in the company’s Berkeley Heights, ... Read the full article
Lemonade’s net loss narrows in Q2’25 as in-force premiums rise 29% YoY
5th August 2025
Lemonade reported a net loss of $43.9 million for the second quarter of 2025, an improvement from the $57.2 million loss in the same quarter a year earlier, primarily driven by higher revenue, partially offset by increased growth spending. In force premium in Q2’25 totalled $1.08 billion, up 29% from $838.8 ... Read the full article
Berenberg highlights potential for increased M&A activity among reinsurers amid slowing growth
5th August 2025
Berenberg, a European investment bank and asset manager, has noted that mergers and acquisitions (M&A) could become increasingly appealing to large reinsurers. This comes amid expectations that organic growth may slow due to rising competition in the sector. The suggestion is notable, given that M&A activity in the reinsurance industry has ... Read the full article
Grupo ilao strengthens presence in Colombia with 21 brokerage acquisitions
5th August 2025
Chariot & Castle Seguros, a property and casualty insurance brokerage operating in Colombia under the name Grupo ilao, has announced the successful acquisition of 21 insurance brokerages across seven Colombian cities over the past two years. This strategic expansion positions the company among the top five insurance brokerages in the country. The ... Read the full article
Moody’s upgrades outlook on ASR Re to positive, affirms Baa1 rating
5th August 2025
Credit rating agency Moody’s Ratings has upgraded the outlook on ASR Re Limited’s Baa1 insurance financial strength rating from stable to positive; ASR Re, a Bermuda-based reinsurer, operates as part of Africa Specialty Risks (ASR), a group providing tailored corporate and specialty insurance solutions across Africa and the Middle East. The ... Read the full article
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