Reinsurance News
Brazil faces intensifying climate risks as insurance sector adapts to shifting weather patterns: Howden Re
8th May 2025
Howden Re, the reinsurance and strategic advisory division of Howden, has launched its fourth edition of the Brazil and Global Climate Impacts report, created in collaboration with MeteoIA, a climate analytics firm. This latest report provides an in-depth look at Brazil’s changing climate patterns, offering a review of the last quarter’s ... Read the full article
Aspen prices upsized IPO, offering could raise $457m
8th May 2025
Aspen Insurance Holdings has announced the pricing of its upsized initial public offering (IPO) of 13,250,000 Class A ordinary shares (par value $0.001) at $30.00 per share. In April, Aspen initially planned to offer 11,000,000 Class A ordinary shares, all of which were being sold by entities affiliated ... Read the full article
Patrick Tiernan named Lloyd’s CEO
8th May 2025
The Council of Lloyd’s has appointed Patrick Tiernan as Chief Executive Officer (CEO) of the specialist Lloyd's insurance and reinsurance marketplace, effective June 1st, 2025. Tiernan’s appointment is subject to approval and consent from the Prudential Regulation Authority and the Financial Conduct Authority. He has nearly three decades of industry experience, having ... Read the full article
The Clear Group MGA Division rebrands to Shape Underwriting
8th May 2025
The Clear Group MGA Division has unveiled its rebranding, stating that starting from 1st May 2025, both Profile Underwriting and One Commercial Specialty will trade as Shape Underwriting. This strategic decision marks the first stage of Clear’s plan to consolidate its MGA operations under a single brand. With this move the ... Read the full article
Global Atlantic grows Its Bermuda footprint with major office expansion
8th May 2025
Global Atlantic Financial Group, a retirement and life insurance provider serving individuals and institutions, has expanded its presence in Bermuda with a move to a new headquarters at Washington House on Church Street in Hamilton. This relocation marks a significant step in the company’s continued investment in the island, as it ... Read the full article
Verisk reports strong Q1 2025 results with 6.8% underwriting growth and healthy profitability
8th May 2025
Verisk Analytics, a data analytics and technology provider, reported a 6.8% growth in underwriting revenues for the first quarter of 2025, with an even stronger increase of 7.2% on an organic constant currency (OCC) basis. Underwriting revenue in the quarter jumped from $498 million to $532 million, while claims increased to ... Read the full article
Ryan Hodges named CEO of Trident Reciprocal Exchange
8th May 2025
Trident Reciprocal Exchange, a technology-driven, Florida-focused, and member-owned insurance company, has announced the appointment of Ryan Hodges as Chief Executive Officer. Trident Reciprocal Exchange is a newly established de novo reciprocal exchange focused on writing homeowners’ insurance in Florida. Hodges brings more than 25 years of experience in the Property & Casualty ... Read the full article
Canadian Personal Auto & Property rates increase in Q1’25: Applied Systems
8th May 2025
Applied Systems has released the first-quarter 2025 results of the Applied Rating Index, showing both year-over-year and quarter-over-quarter increases in average premium rate changes for Personal Auto and Personal Property lines. In Q1’25, Personal Auto premium rate change increased 13.2% compared to Q1’24. Quarter-over-quarter, premium rate change increased 2.2%. All provinces saw ... Read the full article
California wildfire losses won’t drive SCOR’s price adjustments at midyear renewals: Conoscente
7th May 2025
While the significant losses related to the California wildfires will impact the June/July reinsurance treaty renewals, they are not expected to be a major factor dictating SCOR’s overall price adjustments across its book of business, according to CEO of Global P&C, Jean-Paul Conoscente. He stated: “The California wildfire payback will impact ... Read the full article
Rodrigo Jimenez appointed Asia Pacific Regional CEO at Allianz Trade
7th May 2025
Allianz Trade, a provider of trade credit insurance, has announced that Rodrigo Jimenez will assume the role of Regional CEO for the Asia Pacific region on 1 October 2025. He will succeed Paul Flanagan, who is retiring after a distinguished 34-year career with the company. Jimenez will begin his transition into the ... Read the full article
American Financial Group reports Q1’25 net earnings of $154m
7th May 2025
American Financial Group, Inc., a Cincinnati-based holding company specialising in insurance and financial services, has reported first-quarter 2025 net earnings of $154 million, compared to $242 million for the same period in 2024. This reflects a decrease primarily due to lower property and casualty (P&C) insurance underwriting profit and reduced returns ... Read the full article
Leadership changes aim to bolster broker business & digital transformation at MSIG Asia
7th May 2025
MSIG Asia has announced leadership changes to accelerate its digital transformation and strengthen broker business. Adrian Hill will lead digital innovation, with Pearline Soh on digital marketing initiatives, while Enny will head efforts to enhance broker engagement across the region. Hill, who has been with MSIG Asia since November 2024, was ... Read the full article
Hannover Re on ‘right track’ with 2024-2026 strategy: CEO
7th May 2025
At his first Annual General Meeting (AGM) as Chief Executive Officer of Hannover Re, Clemens Jungsthöfel reaffirmed the company’s strong strategic direction for 2024–2026, highlighting its continued focus on profitable growth, robust capital strength, and collaborative innovation with clients and partners. The Large European reinsurer's AGM has approved the proposal put ... Read the full article
Howden Re appoints Pascal Kahraman as Director of German broking team
7th May 2025
Howden Re, the reinsurance division of broking group Howden, has appointed Pascal Kahraman as Director within the broking team in Germany, based out of the newly opened Munich office. Kahraman joins from industry giant, Munich Re, where he has served for over 13 years since joining as a graduate trainee in ... Read the full article
White Mountains’ Ark/WM Outrigger segment posts GWP of $1.1bn for Q1’25
7th May 2025
White Mountains has released the Q1 2025 results for its property and casualty re/insurance segment Ark/WM Outrigger, revealing gross written premiums of $1,108 million, net written premiums of $728 million and net earned premiums of $358 million, all improvements compared to the same period of last year. The Ark/WM Outrigger segment's ... Read the full article
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