Reinsurance News
Cynthia Cui promoted to Head of APAC Fac Reinsurance at Howden Re Intl.
1st May 2025
Howden Re, the reinsurance division of borking group Howden, has announced the promotion of Cynthia Cui to Head of Asia-Pacific (APAC) Facultative Reinsurance at Howden Re International. In her new role, Cui will lead the continued expansion of Howden Re’s Cedant Facultative business across the APAC region, working closely with the ... Read the full article
Lancashire’s GPW up 12.7% in Q1’25
1st May 2025
Bermuda-based insurer and reinsurer Lancashire Holdings Limited reported a 12.7% year-on-year increase in gross premiums written (GPW) to $712.1 million for the three months ended 31 March 2025, up from $631.7 million in the same period last year. The reinsurance segment contributed $482.3 million to the Q1 total, up from $399.7 ... Read the full article
Accredited Insurance expands leadership team across UK and Europe
1st May 2025
Accredited Insurance Holdings Inc., a specialty programme insurer, has announced a series of key senior appointments to strengthen its leadership team in the UK and Europe. Laure Kearns will join the company in July as UK Chief Underwriting Officer. She comes from Greenlight Re, where she served as Active Underwriter. Her previous ... Read the full article
AXIS reports dip in Q1’25 net income but underwriting result strengthens
1st May 2025
Bermuda-based insurer and reinsurer AXIS Capital Holdings has reported an improved combined ratio of 90.2% for the first quarter of 2025, up 0.9 points on the prior year, with stronger underwriting income in both its insurance and reinsurance segments. AXIS has reported a strong set of results for the opening quarter ... Read the full article
Everest reports positive net income as catastrophes drive underwriting loss
1st May 2025
Bermuda-domiciled insurer and reinsurer Everest Group has reported $472 million of pre-tax catastrophe losses, net of recoveries and reinstatement premiums, in the first quarter of 2025, primarily driven by the California wildfires, compared to $85 million in Q1’24, driving an underwriting loss for the firm. The carrier states that reinstatement premiums ... Read the full article
MS Transverse makes key changes to reinsurance and program leadership
1st May 2025
MS Transverse, a hybrid fronting carrier in North America and a subsidiary of MSIGH, has appointed Pete Chandler as Chief Revenue Officer, meanwhile, Ethan Allen has been promoted to Chief Program Officer. The company has also announced that Paul Goodwin, currently Executive Vice President of Reinsurance at MS Transverse, will retire ... Read the full article
Hiscox posts Re & ILS premiums of $492m in Q1’25, expects more favourable mid-year renewals
1st May 2025
Specialist insurer Hiscox has reported an increase in Group insurance contract written premiums (ICWP) of 2.4% to $1.6 billion for the first quarter of 2025, with growth in Retail and London Market slightly offset by a decrease in the Re & ILS business when compared with the prior year. At Hiscox ... Read the full article
Markel posts strong Q1’25 insurance result despite California wildfire impact
1st May 2025
Insurer and reinsurer Markel Group's operating income declined to $282.5 million in the first quarter of 2025 compared with $1.34 billion in the prior year quarter, as the company's combined ratio rose slightly to 95.8% on the back of underwriting losses from the January 2025 wildfires in California. Markel's operating income ... Read the full article
Kin surpasses $100bn in total insurance property value demonstrating strong growth
1st May 2025
Digital home insurance provider Kin has surpassed $100 billion in total insured property value, a milestone that highlights the company’s growth in consumer based and increased profitability. Over the past four years, Kin has demonstrated substantial growth, increasing its total insured value (TIV) from $10 billion to $100 billion while simultaneously ... Read the full article
Distinguished launches Commercial Surety division led by Miguel Ferreira
1st May 2025
Distinguished Programs, a national insurance program manager, has launched a new Commercial Surety division, led by industry veteran Miguel Ferreira. The division expands Distinguished’s Surety program, joining its Contract Surety unit introduced in 2024, and is expected to begin underwriting in the second quarter of this year. The Commercial Surety division will ... Read the full article
Berkshire (BHSI) expands Canadian executive lines offerings, Lue named Private Company Leader
1st May 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has updated its Canadian private company executive lines suite of products. Simultaneously, the insurer has also appointed Shaun Lue as Private Company Leader, based in Toronto. The new modular offering includes expansive Directors & Officers Liability, ... Read the full article
‘Political misjudgements’ contribute to potential weakening of Europe & Germany: Munich Re CEO
30th April 2025
In his recent address to the shareholders, Joachim Wenning, CEO and Chair of Munich Re’s Board of Management, expressed his concerns regarding the current political developments, cautioning about the risk of a weakening Germany and Europe. While sharing his satisfaction with Munich Re's strong business performance - highlighting a net result ... Read the full article
CatIQ releases CAD 342m loss estimate for March 2025 ice storm in Ontario and Quebec
30th April 2025
CatIQ, an independent Toronto-based provider of catastrophe insurance data and a subsidiary of PERILS, has released its initial industry loss estimate for the ice storm that struck Ontario and Quebec between March 28 and 31, 2025. The preliminary estimate, issued three weeks following the event, stands at CAD 342 million. This ... Read the full article
Arch CEO expects ‘flattish’ Florida reinsurance renewals with additional demand
30th April 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based insurer and reinsurer Arch Capital Group, said today that he expects the upcoming Florida reinsurance renewal season to be more flattish than what was seen at the April renewals, with additional demand from clients. Arch released a strong set of results yesterday ... Read the full article
Howden expands Latin American footprint with new Miami leadership appointment
30th April 2025
Howden, the international insurance intermediary group, has named April McLaughlin as Managing Director of its newly established Miami office. Her appointment marks a strategic move to enhance Howden’s presence in Latin America and the Caribbean through a unified regional approach that integrates both reinsurance and specialty insurance services. In this new role, ... Read the full article
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