Reinsurance News
Our reinsurance purchase strategy will remain agile and flexible: AXIS CEO Tizzio
1st August 2025
In recent years, Bermuda-based re/insurer AXIS Capital Holdings has repositioned its reinsurance strategy to better fit with the company's view of risk, and Chief Executive Officer (CEO), Vincent Tizzio, has said that the firm's approach to reinsurance will remain both agile and flexible. During the carrier's Q2 2025 earnings call, ... Read the full article
Fairfax reports Q2’25 net income increase with improved 93.3% CoR
1st August 2025
Fairfax Financial Holdings Limited has announced its financial result for the second half of 2025, reporting net earnings of $1,436.7 million, increasing from the $1,055.8 million net earnings reported in the same period last year. According to the firm, the increase in Q2 2025’s earnings primarily reflects increased net gains on ... Read the full article
CDI completes review of KCC US Wildfire Model
1st August 2025
Karen Clark & Company (KCC), a provider of catastrophe risk modelling solutions, has announced that the California Department of Insurance (CDI) has completed its review of KCC’s US Wildfire Reference Model Version 3.0 under the newly established Pre-Application Required Information Determination Procedure (PRID). This development paves the way for insurers to ... Read the full article
Aon combines commercial risk, health and reinsurance capabilities in India
1st August 2025
Aon, a global insurance and reinsurance broker, has unified its commercial risk, health and reinsurance capabilities in India to operate as Aon Risk Insurance Brokers India Private Limited (ARIB), following approval from the National Company Law Tribunal. This officially marks the completion of the merger process and the successful integration of ... Read the full article
RIQ enters 10-year reinsurance partnership with IHC, anchored by $500m+ in risk coverage
1st August 2025
RIQ, the newly launched AI-native reinsurance platform purpose-built for the future of global risk transfer, has entered into a strategic partnership with IHC, anchored by a targeted allocation of more than $500 million in reinsurance premiums over the next decade. Based in Abu Dhabi Global Market (ADGM), RIQ was launched ... Read the full article
Brit reports 2.1% profit increase in H1’25 despite impact of large cat losses
1st August 2025
Brit Group Holdings Limited posted a profit before tax of $307.7 million for the first half of 2025, up 2.1% from $301.3 million in the same period a year earlier, amid an increased undiscounted combined ratio of 95.2%, up from 80.8%, due to large catastrophe losses that pushed the claims ... Read the full article
RGA sees Q2’25 net income decline despite net premium increase
1st August 2025
Reinsurance Group of America (RGA), a provider of life and health reinsurance, has announced its financial results for the second quarter of 2025, reporting net income available to shareholders of $180 million, a decrease compared to last year’s $203 million. RGA adjusted operating income and adjusted operating income, excluding notable items, ... Read the full article
AXA to acquire Italian MGA Prima
1st August 2025
French insurer AXA has agreed to acquire Milan-headquartered Prima, an Italian direct insurance player acting as a managing general agent (MGA). The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to close by the end of 2025. Since its launch in 2015, Prima ... Read the full article
Ryan Specialty’s total revenue grew 23% to $855m in Q2’25
1st August 2025
Ryan Specialty Holdings, Inc., an international specialty insurance firm, reported total revenue of $855.2 million for the second quarter of 2025, representing 23% growth compared to $695.4 million in the prior-year period. The firm attributed the increase to continued organic revenue growth of 7.1%, driven by new client wins and expanded ... Read the full article
AXA to benefit more than it will lose from softer reinsurance rates, says Group CFO
1st August 2025
Alban de Mailly Nesle, Group Chief Financial Officer (CFO) of global insurer AXA, said this morning that as both a buyer and seller of reinsurance, overall, the firm stands to benefit more than it will lose from softer reinsurance pricing. This morning, AXA released a strong set of results for ... Read the full article
Gallagher names Aon’s Alistair Lester CEO of Private Equity and M&A, UK & EMEA
1st August 2025
Insurance and reinsurance broking group Gallagher has appointed Alistair Lester as Chief Executive Officer (CEO) for Private Equity and M&A client practice, leading the firm's existing transactional risks teams in the UK, Europe and the Middle East (EMEA). In the role, Lester will oversee the expansion of the practice to deliver ... Read the full article
Non-life run-off market sees continued deal flow in Q2’25, says PwC
1st August 2025
PwC, a professional services firm with deep expertise in the insurance and legacy markets, has released its latest review of the non-life insurance run-off sector, covering the second quarter of 2025. According to PwC, activity in the market remained steady through Q2, with 10 publicly disclosed deals bringing the total for ... Read the full article
Oaktree adds Phil Joubert as MD and Head of APAC Insurance Solutions
1st August 2025
Oaktree Capital Management, L.P. (Oaktree), a global asset management firm specialising in alternative investment strategies, has appointed Phil Joubert as Managing Director (MD) and Head of Asia Pacific (APAC) Insurance Solutions. In the new role, he will be based in Hong Kong and report to Greg Halagan, Managing Director and Global ... Read the full article
Allstate secures new aggregate reinsurance for US homeowners at mid-year
1st August 2025
Reflecting growing demand for aggregate risk coverage in the reinsurance market, US primary insurer Allstate has secured a new aggregate reinsurance arrangement for its US homeowners book at the mid-year renewals. The new protection includes coverage for events exceeding $1 million and provides $325 million of placed aggregate limit within a ... Read the full article
Edme Insurance Brokers appoints Nitin Firke as Managing Director of Reinsurance
1st August 2025
India's Edme Insurance Brokers Ltd has announced the appointment of Nitin Firke as Managing Director of Reinsurance, where he will work closely with both domestic and international partners to strengthen the broker's position as a trusted reinsurance intermediary, based in Mumbai. In this role, Firke will be responsible for driving innovation, ... Read the full article
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