Reinsurance News
Lloyd’s Q2’25 Market Message: risk awareness, not risk aversion, marks a defining juncture
15th May 2025
As the Lloyd’s marketplace charts its course through a more uncertain environment, Q2 2025’s Market Message came with a clear directive: "We aren’t risk off, but we are risk aware." At the heart of this quarter’s address was Patrick Tiernan, speaking for the final time as Lloyd’s Chief of Markets before ... Read the full article
Kin reports 35% revenue growth in Q1’25, California emerges as key market
15th May 2025
Kin, the direct-to-consumer home insurance company, has announced its financial results for the first quarter of 2025, reporting $47 million in total revenue, up from $34.9 million in Q1 2024, with California emerging as a substantial growth driver during the quarter. Sean Harper, Kin Founder and CEO, said: "We're starting 2025 ... Read the full article
West’s 103.9% CoR for 24-25 FY impacted by elevated IG Pool claims
15th May 2025
West of England P&I Club, an insurance provider to the global maritime and offshore industries, has delivered strong results for the 2024-25 financial year amid market challenges. The firm's combined ratio of 103.9% for the year was impacted by elevated International Group (IG) Pool claims, but despite this, West’s own claims ... Read the full article
AM Best supports EU nat cat insurance proposal but stresses need for greater clarity
15th May 2025
AM Best, the credit rating agency, has expressed cautious support for a new European Union proposal to create a public-private reinsurance scheme focused on natural catastrophe risks. While the credit rating agency sees potential benefits for the insurance sector across the bloc, it emphasises that many of the plan’s essential details ... Read the full article
Allstate estimates cat losses for April at $594m
15th May 2025
The Allstate Corporation has revealed estimated catastrophe losses for April 2025 of $594 million or $469 million, after-tax. According to the firm, catastrophe losses for April 2025 included 11 events, with approximately 60% of the losses related to two geographically widespread wind and hail events. In comparison, Allstate's catastrophe losses in ... Read the full article
Rokstone names Stephanie Belcourt Head of Complex Claims
15th May 2025
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Stephanie Belcourt as Head of Complex Claims. The appointment reiterates the continued investment in the claims provision, which aligns with Rokstone’s strategic growth as it enters new lines to diversify its expansive portfolio. Rokstone now has a 16-strong ... Read the full article
AIG appoints Angelo Colombo as CEO, Latin America and the Caribbean
15th May 2025
Angelo Colombo has been appointed as Chief Executive Officer of American International Group (AIG) Latin America and the Caribbean (LAC), effective June 2, 2025, subject to regulatory approval. Colombo joins AIG from Swiss Re Corporate Solutions, where he most recently served as Regional CEO of Latin America. He holds over 20 years ... Read the full article
AI & machine learning potential untapped in actuarial and risk management, LMA finds
15th May 2025
According to a recent survey by the Lloyd’s Market Association (LMA), the full potential of artificial intelligence (AI) and machine learning (ML) in actuarial and risk management remains untapped, with significant progress still needed in their adoption and utilisation. The LMA's survey, conducted in partnership with Barnett Waddingham, found that scepticism ... Read the full article
AXA XL bolsters Indian team with several senior appointments
15th May 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has strengthened its Indian Branch with the appointments of Saurabh Bhootara, Priya Manchanda, Vinod Kumar, Saumitra Sharma, and Akash Jain in Mumbai. The additions follow the recent appointment of Alok Shukla as the Chief Executive ... Read the full article
Conduit Re continues to evolve reinsurance strategy amid desire to reduce volatility: CEO
15th May 2025
Conduit Re, a Bermuda-based reinsurer specialising in property, casualty, and specialty lines, has made some notable changes to its outward reinsurance strategy, aiming to better shield its portfolio from increasingly volatile secondary perils such as wildfires, floods, and convective storms. The new CEO Neil Eckert ... Read the full article
Henrik Hoppendorff joins Gallagher Re as Senior Facultative Broker, EMEA
15th May 2025
Reinsurance broker Gallagher Re has announced the appointment of Henrik Hoppendorff as Senior Facultative Broker, EMEA. Based in Stockholm, Hoppendorff will be working within the Nordic team, but also serving the broader EMEA region. His 14 years of experience in the insurance industry, specialising in property with Continental Europe and London markets, ... Read the full article
Aviva ‘off to a great start’ with GI premium growth of 9% in Q1’25
15th May 2025
British insurer Aviva has reported general insurance (GI) premium growth of 9% to £2.9 billion in the first quarter of 2025, compared to £2.7 billion in the comparative prior year quarter. Country-wise, UK&I GI premiums grew by 12% to £2 billion in Q1’25, compared to £1.8 billion in Q1’24. Personal lines ... Read the full article
Benjamin James joins IAP London team as Partner
15th May 2025
Insurance Advisory Partners (IAP), the specialised investment bank focused exclusively on insurance, insurance services, and the insurtech industry, has announced the appointment of Benjamin James as Partner in the firm’s London office, effective end of June. James will be responsible for supporting the ongoing expansion of IAP operations across the UK ... Read the full article
Talanx posts best-ever quarterly performance despite LA wildfire impact
15th May 2025
Despite significant large loss payments, Talanx generated group net income of €604 million in Q1 2025, the strongest quarterly result in its history, highlighting its robust position with a balanced mix of Primary Insurance and Reinsurance. According to the firm, primary insurance contributed 60% to its overall Q1 2025 net income, ... Read the full article
Starwind Specialty announces launch of four new insurance programs
15th May 2025
Starwind Specialty Insurance Services, a CRC Group company, has expanded its underwriting expertise with the launch of four new insurance programs: Starwind Environmental, Starwind PVT (Political Violence & Terrorism), Starwind Equipment, and Starwind Cannabis. Starwind Environment, to be led by Mike Padula as Program President, has been designed to deliver comprehensive ... Read the full article
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