Reinsurance News
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
AM Best upgrades credit ratings of Somerset Re on enhanced market position
1st August 2025
AM Best has upgraded the credit ratings of Somerset Reinsurance Ltd. and Somerset Reinsurance Company (SRC), citing their balance sheet strength, adequate operating performance, and ability to execute their business plan. The rating agency has upgraded the Financial Strength Ratings of Somerset Re and SRC to A from A-, and the ... Read the full article
Arthur J. Gallagher’s revenue rises 16% to $3.2bn for Q2’25
1st August 2025
For the second quarter of 2025, insurance broking group Arthur J. Gallagher & Co. has reported total revenue before reimbursement of $3.17 billion, compared to $2.73 billion in Q2’24, as the core brokerage and risk management segments combined to deliver 16% revenue growth, including organic revenue growth of 5.4%. Of the ... Read the full article
Perdiguerra to lead Parametrix Cyber and Tech E&O underwriting
1st August 2025
Parametrix, a provider of digital business interruption solutions, has announced the appointment of Sandy Perdiguerra as Senior Vice President, Cyber and Tech E&O Underwriting. Perdiguerra, who brings over two decades of experience in cyber underwriting and leadership, will be based in San Francisco and report directly to Rick Wong, Head of ... Read the full article
RGA completes $32bn reinsurance transaction with Equitable
1st August 2025
Reinsurance Group of America (RGA) has completed its previously announced $32 billion reinsurance transaction with Equitable Holdings, covering a diversified portfolio of life insurance products. Back when the deal was first revealed, RGA said it is reinsuring 75% of Equitable’s in-force life insurance liabilities, which includes approximately $18 billion of ... Read the full article
AXA XL premiums up 6% in H1’25 to €34bn
1st August 2025
French insurer AXA recorded a rise in underlying earnings of 5% to €4.5 billion and 7% growth in gross written premium (GWP) and other revenues to €64.3 billion in the first half of 2025, driven by growth at AXA XL, the firm's property and casualty (P&C) and specialty risk division, ... Read the full article
London Market Group reports stronger confidence in UK financial regulators
1st August 2025
The London Market Group (LMG), a collective body representing the specialist commercial re/insurance market in London, has published the results of its second Regulatory Sentiment Indices. The data shows a clear improvement in how firms view the performance of the UK’s two key financial regulators: the Financial Conduct Authority (FCA) and ... Read the full article
CelsiusPro appoints Allianz’s Isa Ennadifi as Group CUO
1st August 2025
Parametric insurtech CelsiusPro has appointed Isa Ennadifi, formerly of global insurers Allianz and AXA and reinsurer SCOR, as its new Group Chief Underwriting Officer (CUO). Ennadifi has over 15 years of industry experience, having held senior roles at global insurers and reinsurers. She has a strong track record in actuarial, underwriting, and ... Read the full article
Avatar MGA launches with Lloyd’s coverholder and FCA approval
1st August 2025
Managing general agent (MGA), Avatar MGA Ltd (Avatar), has received Lloyd’s coverholder and Financial Conduct Authority (FCA) approval, and is set to commence binding business from August 1st, 2025. The new MGA is backed by three market-leading syndicates at Lloyd’s, the Aon Reinsurance team, and South African insurer Santam, which invested ... Read the full article
Alex Bonds named Co-President of Starwind Specialty
1st August 2025
Starwind Specialty Insurance Services, a CRC Group company, has announced that Alex Bonds, currently serving as President and Chief Underwriting Officer of CRC Insurisk, will be joining Starwind Specialty as Co-President. In his new position, Bonds will work alongside current Co-President Brian Norman. Bonds will continue to oversee CRC Insurisk, which ... Read the full article
Vast number of Global Re underwriters that joined Ryan Re key part of renewal rights deal: Markel’s Wilson
31st July 2025
Simon Wilson, Chief Executive Officer (CEO) of Markel Insurance, said recently that a really important part of the firm's deal to sell the renewal rights for its Global Reinsurance business to Nationwide, was the large number of the reinsurance underwriting team that had already moved to Ryan Re Underwriting Managers, ... Read the full article
Reinsurance rates remain strong in ‘very hard’ property cat market: Everest CEO
31st July 2025
Jim Williamson, CEO of Bermuda-based insurance and reinsurance company Everest, has disregarded talk of a soft property cat market, describing rates as very strong and the market as very hard while discipline has been maintained. During Everest’s second quarter 2025 earnings call, Williamson firmly pushed back against suggestions that the ... Read the full article
Bridgepoint to acquire majority stake in HBC
31st July 2025
Bridgepoint, a quoted private asset growth investor, has agreed to acquire a majority stake in HBC (Hanseatic Broking Center), an independent SME+ insurance distribution platform in the DACH region, from Preservation Capital Partners. HBC was founded in 2022 by merging three long-standing specialty brokers and a managing general agent (MGA). Since ... Read the full article
The Hanover reports higher net income of $157m for Q2’25
31st July 2025
The Hanover Insurance Group has announced its financial results for the second quarter of 2025, reporting a net income of $157.1 million, lower catastrophe losses of $107.5 million and an improved combined ratio of 92.5%. Net income in Q2 2025 saw an increase compared to the $40.5 million reported in the ... Read the full article
Commercial property rates flatline while liability costs climb: The Baldwin Group
31st July 2025
The Baldwin Group, an insurance brokerage and advisory firm, has released its Q2 2025 Market Pulse Report, providing a clear view into a commercial insurance market that is becoming increasingly divided. According to the report, stability and renewed competition are returning to commercial property insurance, while casualty lines—particularly those influenced by ... Read the full article
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