Reinsurance News
Sompo forms global P&C and Wellbeing business segments
14th February 2025
Sompo Holdings has announced it will restructure its business into two global segments: Sompo Property and Casualty re/insurance (Sompo P&C) and Sompo Wellbeing, effective April 1, 2025. Sompo P&C will combine Sompo International Holdings’ insurance and reinsurance operations with its commercial and consumer P&C business in Japan. James Shea, currently Chairman and ... Read the full article
Tokio Marine’s international segment sees increased profits with 5.4% net premium growth
14th February 2025
Tokio Marine Holdings has announced its results for the fiscal year third quarter of 2024 (January to September), highlighting strong growth in its international non-life insurance business. Net premiums written for the international segment reached JPY 2,383.5 billion, a 5.4% increase compared to JPY 2,351.4 billion in Q3 2023. The company ... Read the full article
MS Re’s FY’24 Q3 result boosted by strong underwriting and investment performance
14th February 2025
MS Reinsurance (MS Re), a global reinsurance provider, delivered strong financial growth in the first nine months of fiscal year 2024, driven by solid underwriting performance, significant premium expansion, and strong investment gains. MS Re’s underwriting performance remained strong, with insurance service profit rising to $215 million, an increase of $56 ... Read the full article
Carrow Insurance appoints Matt Davis as Business Development Underwriter
14th February 2025
Newly launched MGA Carrow Insurance has announced the appointment of industry veteran Matt Davis as Business Development Underwriter, a Dublin-based role. With over three decades of expertise in the insurance industry, spanning MGAs and direct insurers, Davis joins Carrow from Euro Insurances DAC, where he most recently served as Head ... Read the full article
Commercial lines renewal rate growth slows in January: Ivans
14th February 2025
Ivans, a division of Applied Systems, has released its January 2025 Ivans Index results, showing that more major commercial lines saw a deceleration rather than an acceleration in average premium renewal rates year over year. Month over month, Commercial Auto, BOP, and Commercial Property saw decreases in renewal rate changes, while ... Read the full article
Fairfax sees record underwriting profit of $1.8bn in 2024
14th February 2025
Fairfax Financial Holdings' consolidated undiscounted combined ratio for its property and casualty insurance and reinsurance operations improved to 92.7% in 2024, resulting in a record underwriting profit of $1.79 billion, despite absorbing higher catastrophe losses of $1.01 billion. This compares to an undiscounted combined ratio of 93.2% and an underwriting profit ... Read the full article
Convex ‘looking forward’ to bringing new business to Lloyd’s with Syndicate 1984
14th February 2025
Convex Group, the international specialty insurance and reinsurance company, has announced its entry into the Lloyd's marketplace after the receipt of in principle approval to launch Syndicate 1984, expected to begin underwriting in April 2025. The new Lloyd's Syndicate, which will underwrite some reinsurance of Convex as well as selected lines ... Read the full article
Topsail Re hires Howden Re’s Chris Bilski as SVP of Underwriting
14th February 2025
Chris Bilski has joined Cayman Islands domiciled reinsurer Topsail Re from broker Howden Re as Senior Vice President (SVP) of Underwriting, where he will be responsible for underwriting, marketing, and account management. Bilski joined Topsail Re in February after more than 18 months at reinsurance broker Howden Re as a Managing ... Read the full article
MS Amlin Underwriting (MS AUL) posts improved profit for Q3’24
14th February 2025
Global insurer and reinsurer MS Amlin Underwriting Limited (MS AUL) has reported a 5% year-on-year rise in insurance service profit to £130 million for the period January to September 2024, as the firm highlights continued growth and profitability. MS AUL, which includes Lloyd’s Syndicate 2001, Amlin Corporate Member Limited, and AUL ... Read the full article
Forvis Mazars partners with JBA Risk Management to enhance climate risk reporting
14th February 2025
Forvis Mazars, an audit, tax, and advisory firm, has joined forces with UK-based flood scientists JBA Risk Management to strengthen its climate-related physical risk sustainability reporting services. This collaboration comes in response to increasing international regulatory requirements that demand more detailed climate impact assessments. Previously reliant on open-source flood risk data, Forvis ... Read the full article
Assurant announces leadership changes in Europe and LatAm
14th February 2025
US specialty insurer Assurant has announced a number of leadership appointments in Europe and Latin America, including Felipe Sanchez as its new president, Europe, Diego Gomez as president of Assurant Mexico, and Ines Aramburu as president of Assurant Argentina. In his new position, subject to regulatory approval, Sanchez will have responsibility ... Read the full article
Conning: 77% of US insurers remain optimistic about 2025 investments despite rising concerns
14th February 2025
Conning, an asset management firm specialiSing in insurance investments, has released its annual Insurance Investment Risk survey, which reveals that while optimism remains high about the investment environment for the year ahead, there has been a slight dip in confidence compared to the previous year. 77% of the 310 US insurance ... Read the full article
WTW names Guy Donahue as Cross Industry Midwest Property Broking Leader
14th February 2025
WTW, a global advisory, broking, and solutions company, has announced the appointment of Guy Donahue as the new Cross Industry Midwest Property Broking Leader within Corporate Risk and Broking North America (CRB NA). In this role, Donahue will oversee strategic initiatives, build and maintain client relationships, and lead property broking activities ... Read the full article
Origin Specialty Underwriters launches captive division
14th February 2025
Managing General Agent (MGA) Origin Specialty, a specialist in restaurant, hospitality, and construction industries and partner company of Beyond Risk, has announced the formation of Origin Captive Solutions. Led by Daniel Rossen as Managing Director, the new division has been created to bring captive solutions to middle market companies by offering ... Read the full article
Arch eyes reinsurance growth amid “attractive” returns: CEO Papadopoulo
13th February 2025
Global insurer and reinsurer Arch Capital is looking to write more property reinsurance business as returns seem attractive, CEO Nicolas Papadopoulo commented following the release of the company’s financial results for the fourth quarter and full year 2024. "We like the business (reinsurance). Absent the competitive nature and other people ... Read the full article
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