Reinsurance News
DWF names Kathleen Buck as President of US Claims team
12th May 2025
DWF, a provider of integrated legal and business services, has announced the appointment of Kathleen Buck as President of its US claims team within the Claims Management and Adjusting (CMA) division. With a wealth of experience in the insurance sector, Buck has a strong background in claims management. She previously served as ... Read the full article
KatRisk acquires location intelligence & property risk assessment firm Gamma
12th May 2025
Catastrophic risk modelling software provider KatRisk has acquired Gamma, a location intelligence and property-level risk assessment firm. According to KatRisk, the acquisition strengthens its commitment to innovation, enhances its technical expertise, and expands its global footprint. KatRisk plans to integrate Gamma’s capabilities in property-level visualisation to deliver intuitive map-based risk insights, dynamic ... Read the full article
Small business owners face economic pressures as confidence in insurance coverage wanes: NEXT
12th May 2025
A new survey from NEXT Insurance, a digital insurtech company focused on serving small businesses, reveals that economic pressures remain intense for entrepreneurs heading into 2025. The findings, drawn from a sample of 500 small business owners across the United States, show that inflation and labor shortages continue to be the ... Read the full article
Hippo reports 30% revenue growth amidst wildfire impact in Q1’25
12th May 2025
Home insurance group Hippo, has announced its financial results for the first quarter of 2025, reporting year-on-year revenue growth of 30% to $110 million, with net loss increasing by $12 million to $48 million, with the Los Angeles wildfires contributing $45 million. Despite the wildfires' impact, the company’s Insurance-as-a-Service (IaaS) revenue ... Read the full article
MAPFRE introduces ethical guidelines for AI development
12th May 2025
MAPFRE, a Spanish insurer and insurance group in Latin America, has become the first IBEX 35-listed company to introduce a formal set of principles for the responsible development and use of artificial intelligence (AI). The company has launched its Manifesto for a Humanistic, Ethical, and Responsible AI, outlining its commitment to ... Read the full article
Legacy activity momentum in UK & Ireland continues into Q1’25: PwC
12th May 2025
A new PwC report on non-life insurance run-off deals has revealed that in Q1 2025, 8 acquirers publicly announced 11 deals, 9 of which disclosed transferred reserves totalling nearly $1bn, with the UK and Ireland dominating by accounting for 9 of these deals, reflecting the sustained momentum of legacy activity ... Read the full article
AM Best upgrade fuels casualty growth in strong market conditions: Hamilton CEO
12th May 2025
Hamilton Insurance Group, a Bermuda-based insurance and reinsurance provider known for its underwriting platforms, is making the most of favourable conditions in the casualty market—bolstered by a recent credit rating upgrade from AM Best, the credit rating agency. During the company’s Q1 2025 earnings call, CEO Pina Albo highlighted a strong ... Read the full article
Broker Insights’ Vision platform hits £10bn in GWP
12th May 2025
Broker Insights, a data analytics and digital distribution provider for commercial insurance, has reached £10 billion in gross written premium (GWP) uploaded to its Vision platform across the UK, EU, and US. According to the firm, this new milestone underlines its fast-growing international footprint and the increasing global demand for its ... Read the full article
Clare Francis named Non-Executive Director, AJ Gallagher Holdings (UK)
12th May 2025
Insurance and reinsurance broking group Gallagher has appointed Clare Francis as an Independent Non-Executive Director of Arthur J. Gallagher Holdings (UK) Limited. Additionally, as part of her role, she will become the Chair of the Remuneration Committee and a member of the Nominations, Audit and Risk Committees. Francis has extensive financial sector ... Read the full article
Extreme weather costs in Australia in 2025 hit AUD 1.5bn: ICA
12th May 2025
According to new data released by the Insurance Council of Australia (ICA), the February North Queensland floods and ex-Tropical Cyclone Alfred in March have so far caused insured losses of almost AUD 1.5 billion. The ICA has clarified that these two events are being prioritised by insurers as they have resulted ... Read the full article
Rokstone names Bishop as Class Underwriter, UK & Ireland Casualty division
12th May 2025
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Matt Bishop as Class Underwriter for its new UK and Ireland Casualty division, which was launched last week. Bishop, who brings 35 years of industry experience with a focus on Casualty, will join Rokstone after completing ... Read the full article
UK cyber insurance claims in 2024 down YOY but still up on earlier years: Marsh
12th May 2025
Cyber claims in the United Kingdom decreased by 20% in 2024 following a spike in 2023, although they remain around one-third higher than in 2020, 2021, and 2022, according to new research by Marsh, the insurance broking and risk advisor arm of Marsh McLennan. Marsh’s paper, “UK Cyber Insurance Claims Trend ... Read the full article
Insurwave and Osprey partner to modernise aviation insurance through real-time risk intelligence
12th May 2025
Insurwave, the London-based insurtech platform focused on specialty insurance, has entered into a strategic partnership with Osprey Flight Solutions, a specialist in aviation risk management. The collaboration aims to transform how insurers and aviation stakeholders assess, manage, and price risk by uniting Osprey’s advanced aviation threat intelligence with Insurwave’s dynamic insurance ... Read the full article
Trisura reports strong operating ROE amid 20.4% lower Q1’25 net income
12th May 2025
Specialty insurance provider Trisura Group has announced its financial results for the first quarter of 2025, reporting a net income of $29.0 million and strong operating return on equity (ROE) of 18.4% driven by operating net income of $34.2 million. Trisura noted that Q1 2025 net income was lower than Q1 ... Read the full article
American Coastal reports $21.3m net income in Q1’25
12th May 2025
American Coastal Insurance Corporation, a property and casualty insurance holding company, has released its financial results for the first quarter of 2025, reporting net income of $21.3 million. While this figure represents a slight decrease compared to the $23.6 million seen in Q1 2024, the company highlighted a strong combined ratio ... Read the full article
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