Reinsurance News
Canada Life Reinsurance
Canada Life Re delivers record net earnings of CAD 353m in Q1’26
13th May 2026
Great-West Lifeco’s Capital and Risk Solutions (CRS) reinsurance operation, Canada Life Re, maintained its strong momentum in the opening quarter of 2026 with record net earnings of CAD 353 million, an increase of 92% on the comparable prior year quarter’s CAD 184 million. After a robust end to last year ... Read the full article
Canada Life Re names Loughnane SVP, Head of P&C for Global Markets
8th May 2026
Canada Life Reinsurance, a provider of reinsurance solutions, has promoted Eamon Loughnane to Senior Vice President (SVP), Head of P&C – Global Markets. Loughnane initially assumed the leadership of the company’s P&C Global Markets business in 2025, succeeding Gabriel Kelly, who retired after 33 years of dedicated service. This appointment followed ... Read the full article
Canada Life Re advances structured reinsurance solutions under Japan’s new ESR framework
20th April 2026
Canada Life Re, a global reinsurer, has completed a series of tailored structured reinsurance transactions designed to support insurers adapting to Japan’s newly introduced Economic Solvency Ratio (ESR) capital regime. As one of the early participants in this space, the company has positioned itself at the forefront of helping clients respond ... Read the full article
Canada Life Re base earnings up 11% in Q4’25 amid strong demand for capital efficient solutions
16th February 2026
Canada Life Reinsurance, the Capital and Risk Solutions (CRS) reinsurance business of Great-West Lifeco, had a strong end to 2025 with fourth quarter base earnings rising 11% year-on-year on a reported basis to CAD 258 million, while net earnings remained flat at CAD 203 million. Double-digit base earnings growth in the ... Read the full article
Canada Life Re reports 20% increase in base earnings to $265m for Q3’25
7th November 2025
Canada Life Reinsurance, the Capital and Risk Solutions (CRS) reinsurance business of Great-West Lifeco, had a strong third quarter in 2025 with base earnings up 20% from the prior year quarter to $265 million. Alongside the increase in base earnings year-on-year, Canada Life Re's net earnings hit $280 million in Q3'25, ... Read the full article
Canada Life Re expands US P&C team
1st October 2025
Canada Life Reinsurance, a division of Canada Life that provides solutions to help insurers manage risk and grow their businesses, has announced the appointment of Minas Kalachian to its US Property & Casualty (P&C) team. Kalachian brings extensive experience in structured reinsurance and well-established relationships with clients and brokers. The appointment strengthens ... Read the full article
Thomas O’Brien joins Canada Life Re as Head of Reinsurance Operations Europe
14th August 2025
Canada Life Reinsurance, a provider of reinsurance solutions for life and health, has announced the appointment of Thomas O'Brien from Hannover Re as CEO CLRe Ireland and Head of Reinsurance Operations Europe, a Dublin-based role. O'Brien is joining the company following a 15-year tenure at Hannover Re, where he most recently ... Read the full article
Canada Life Re’s base earnings grow 9% in Q2’25 to $229m
12th August 2025
Canada Life Reinsurance has posted “outstanding” Q2 2025 results, according to its CEO, delivering $229 million in base earnings for the quarter, marking a 9% increase over the same period last year. The strong performance builds on the firm’s robust year-on-year growth in Q1 2025, when it also cut its ... Read the full article
Canada Life Re to cease new business for US traditional life mortality risk reinsurance
25th June 2025
Canada Life Reinsurance, part of financial services holding company Great-West Lifeco, has decided to stop new business for its US traditional life mortality risk reinsurance line, known as U.S. Trad Life, as the firm looks to focus on its core markets. The reinsurer explains that a key driver of its decision ... Read the full article
Canada Life Re had ‘solid growth’ in Q1’25 despite headwinds: CEO Poulin
14th May 2025
Canada Life Reinsurance, part of Canadian headquartered international financial services holding company, Great-West Lifeco, experienced robust year on year growth in the first quarter of 2025 and also reduced its exposure to weather-related catastrophes. Great-West Lifeco generated net earnings of CAD 860 million in the opening quarter of 2025, a strong ... Read the full article
Canada Life Re appoints Eamon Loughnane as Global P&C leader as Gabriel Kelly retires
26th March 2025
Canada Life Reinsurance, a provider of reinsurance solutions, has recently announced the upcoming retirement of Gabriel Kelly, a key contributor to the company’s success for over three decades, and the appointment of Eamon Loughnane as the new leader of its Global P&C arm. With 33 years of dedicated service, Kelly has ... Read the full article
Robust new business momentum continues at Canada Life Re with strong 2024 performance
10th February 2025
Canada Life Reinsurance, part of Great West Lifeco, had a strong fourth quarter of new sales on the back of strong market conditions, as the company's contractual service margin (CSM) grew 40% year-on-year. When compared with Q4 2023, Canada Life Re's CSM increased to CAD 2.436 billion from CAD 1.745 billion, ... Read the full article
Canada Life Re posts Q3’24 earnings of $210m
21st November 2024
Canada Life Reinsurance, a provider of reinsurance solutions for life and health, recorded solid earnings of $210 million for the third quarter of 2024, accounting for 20% of Canada Life Assurance Company's total earnings for the period. For the quarter, Canada Life Assurance Company's base earnings hit a record $1.06 billion, ... Read the full article
Canada Life Re hires Maguire as P&C expansion continues
5th September 2024
Canada Life Reinsurance has announced the appointment of David Maguire as Underwriting Director P&C. Maguire’s appointment comes as Canada Life Re, known for its life and annuity reinsurance offering, is increasingly looking to add greater diversity to its portfolio with Property & Casualty lines of business. Gabriel Kelly, Chief Executive Officer, London ... Read the full article
Canada Life Re’s base earnings up 14% in H1’24
28th August 2024
Canada Life Reinsurance, a provider of reinsurance solutions for life and health, has reported its results for the first half of 2024, showing a 14% increase in base earnings compared to the same period last year. Canada Life Re is a division of The Canada Life Assurance Company, which is a ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
