Reinsurance News
Starwood Capital launches Insurance Strategies group, hires Allard as CIO
9th May 2025
Starwood Capital has announced the launch of a new division, Starwood Insurance Strategies, which will act as an extension of the company’s $30 billion real asset credit platform. Rob Allard, who has over 27 years of financial industry experience and deep expertise in insurance markets, asset-backed finance and private assets, was ... Read the full article
Zurich secures aggregate reinsurance amid ‘favourable price environment’
8th May 2025
Large European insurer Zurich took advantage of the "favourable price environment" at the April renewals and secured global aggregate reinsurance cover for lower layers, leveraging alternative, collateralised, and traditional capacity, Claudia Cordioli, Zurich Group Chief Financial Officer (CFO), said on today's earnings call. After reporting a solid set of Q1 ... Read the full article
Hamilton posts Q1’25 net income of $81m as catastrophes drive underwriting loss
8th May 2025
Bermuda-domiciled re/insurer Hamilton Insurance Group has reported net income of $81 million for the first quarter of 2025, down considerably on the prior year's $157 million, as the firm's underwriting result was hit by the California wildfires in January. The re/insurer has reported a Q1’25 combined ratio of 111.6%, up from ... Read the full article
Liberty Mutual’s Q1’25 net income surpasses $1bn despite significant cat losses
8th May 2025
Liberty Mutual Holding Company Inc. (LMHC), a global property and casualty insurer, reported net income attributable to LMHC of $1.025 billion for the first quarter of 2025, down from $1.535 billion in the same period in 2024, as catastrophe losses surged 121% year-on-year. Given the higher cat load, the company’s underwriting ... Read the full article
Ransomware costs ease but email-based attacks dominate, Coalition reports
8th May 2025
Coalition, a cyber insurance provider known for its Active Insurance model that aims to prevent digital threats before they cause harm, has published its 2025 Cyber Claims Report, offering a comprehensive view of cyberattack trends affecting its policyholders throughout 2024. According to the report, ransomware incidents remained the most expensive and ... Read the full article
Emma Croucher joins Atrium as Head of US General Liability
8th May 2025
Atrium, the specialty insurance group at Lloyd’s, has announced the appointment of Emma Croucher as Head of US General Liability. In her new role, Croucher will oversee the management and building of Atrium's US General Liability and Medical Malpractice accounts. She will also focus on creating long-term business partnerships with brokers and ... Read the full article
American Integrity prices IPO at $16 per share, targets $126.5m
8th May 2025
American Integrity Insurance Group has priced its initial public offering (IPO) of 6,875,000 shares of common stock at $16.00 per share. The offering includes 6,250,000 shares being sold by American Integrity and 625,000 shares offered by existing stockholders. As previously disclosed in its April filing, the firm will not receive ... Read the full article
Lloyd’s market at a ‘pivotal point’ as new leadership takes helm: LMA CEO
8th May 2025
Sheila Cameron, CEO of the Lloyd’s Market Association (LMA), has suggested that with Patrick Tiernan and Charles Roxburgh appointed as the new CEO and Chair of Lloyd’s, they are stepping in at a "pivotal point" and have a real opportunity to elevate the marketplace at a time when it is ... Read the full article
David Soutter to lead RiverStone’s Risk Bermuda team
8th May 2025
David Soutter has joined legacy reinsurance and run-off specialist RiverStone International as Head of Risk, Bermuda. A re/insurance executive with experience in financial reporting, regulatory reporting, risk management and treasury related matters, Soutter joined RiverStone from Zurich Management (Bermuda), where he most recently served as Project Director. During this time, he led ... Read the full article
Greenlight Re’s Q1’25 net income rises despite catastrophes driving underwriting loss
8th May 2025
Reinsurer Greenlight Re's net income increased to $29.6 million in the first quarter of 2025, as a stronger investment result more than offset a $7.8 million underwriting loss amid elevated losses from catastrophes. Greenlight Re’s underwriting performance weakened compared to the prior year, swinging from a $3.4 million underwriting profit in ... Read the full article
Consilium welcomes Optio’s Woodward as Chief Claims Officer
8th May 2025
Consilium, the global specialty re/insurance broking business of the Aventum Group, has announced the appointment of Nick Woodward as Chief Claims Officer (CCO). Woodward, an ACII-qualified re/insurance lawyer, is recognised as a multi-class and jurisdictional claims specialist with close to three decades of experience in the legal and claims sectors. He will ... Read the full article
Register for Artemis’ live webinar on the state of the cat bond and ILS market at mid-year 2025
8th May 2025
Registration is open for a live and free-to-attend webcast hosted by Artemis, our insurance-linked securities (ILS) focused sister publication, in collaboration with Computershare, which will delve into the state of the catastrophe bond and related ILS marketplace at mid-year 2025. This webinar, which will last for approximately ... Read the full article
Natural hazard costs erode ~72% of Suncorp’s FY allowance
8th May 2025
In a new market update, Australian insurer Suncorp has disclosed that it incurred natural hazard costs of AUD 1.115 billion in the 10 months to April 30th, 2025, which has eroded almost 72% of the carrier's AUD 1.560 billion full year natural hazard allowance. Suncorp explained that there have been 15 ... Read the full article
Rokstone names Lewis Goodearl to lead new UK & Ireland Casualty Division
8th May 2025
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Lewis Goodearl as Head of its newly established UK and Ireland Casualty division. Goodearl joins Rokstone from Convex, where he has spent the past five years as a Senior Casualty Underwriter. He brings more than 30 years of ... Read the full article
Zurich’s P&C business sees insurance revenue & GWP rise 5% in Q1’25
8th May 2025
Zurich has reported that insurance revenue and gross written premiums (GWP) in its Property & Casualty (P&C) segment rose by 5% each in Q1 2025, reaching $10.8 billion and $13.3 billion, respectively. According to Zurich, the Q1 2025 growth was supported by higher premium rates of 4% in P&C, which was ... Read the full article
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