Reinsurance News
Insurance news
Insurance news of relevance to the reinsurance market.
Our focus is on insurance and reinsurance news for large account, commercial and specialty lines, as well as pure reinsurance and retrocession news, analysis, insight and interviews.
Chedid Capital launches Momentum Risk Solutions UK as part of European growth strategy
11th August 2025
Chedid Capital, an investment and advisory group in the re/insurance industry, has announced the launch of Momentum Risk Solutions UK, a new Managing General Agent (MGA) headquartered in London. Known for its broad presence in the GCC, Asia, the Middle East, Africa, and Europe, Chedid Capital delivers a wide range of ... Read the full article
ICW Group promotes Iva Yuan to Chief Actuary, Head of Reserving, Pricing, and Product
8th August 2025
ICW Group Insurance Companies, a group of property and casualty insurers offering a range of commercial insurance products nationwide, has promoted Iva Yuan to the role of Chief Actuary, Head of Reserving, Pricing, and Product. In this key position, Yuan will oversee the company’s overall actuarial strategy and lead the development ... Read the full article
US homeowners insurance market faces setback in early 2025 amid catastrophic events: AM Best
8th August 2025
According to a newly released analysis by AM Best, a credit rating agency and data provider specialising in the insurance industry, the US homeowners insurance segment experienced significant financial pressure in the first quarter of 2025. Following a year of marked improvement in 2024, the segment encountered its most challenging first ... Read the full article
HDI Global names Nils Langrehr as Head of Power Underwriting in Energy & Power Unit
8th August 2025
HDI Global, an international provider of commercial and specialty insurance, has appointed Nils Langrehr as Head of Power Underwriting within its cross-division Energy & Power Unit. The new role has been introduced as part of the company’s broader strategy to adapt to shifting demands in the global energy market, including those ... Read the full article
Highstreet Insurance partners secures $550m to support ongoing expansion
8th August 2025
Highstreet Insurance Partners, an insurance agency headquartered in Michigan, has secured $550 million in new capital to continue its acquisition-focused growth strategy and expand its operations in local markets. The funding, structured as a delayed draw term loan (DDTL) and led by Ares Capital, was increased from an initial target of ... Read the full article
Increasing number of insurers outsource investment management, reports AM Best
7th August 2025
A recent report issued by AM Best, the credit rating agency, highlights a growing trend in the insurance sector: more insurers are turning to third-party asset managers to oversee their investment portfolios, with the US life/annuity segment showing the most significant activity. According to AM Best, this shift is particularly evident ... Read the full article
Mercury Insurance to support Safeco customers as Liberty Mutual adjusts California strategy
7th August 2025
Mercury Insurance, a provider of auto and home insurance based in California, is partnering with Liberty Mutual Insurance, a property and casualty insurer, to help safeguard coverage for thousands of California policyholders. The collaboration comes in response to Liberty Mutual’s decision to revise its personal insurance offerings in the state, affecting ... Read the full article
Broker feedback has been very positive: Pinpoint UK’s Powell
7th August 2025
In our latest Reinsurance News video interview, we spoke with Shevawn Barder, Founder and CEO of AM Specialty Insurance Company (ASIC), and Darren Powell, CUO of Pinpoint UK, about their plans for the new MGA and progress as ASIC expands beyond North America into the London and ... Read the full article
Sollers and Phinsys partner to improve finance in insurance
7th August 2025
Sollers Consulting, a software integrator and operational advisor, and Phinsys Limited, a provider of consultancy and software solutions, have announced their partnership, a collaboration aimed at bringing advanced automation and efficiency to the finance functions of insurance companies. This alliance looks to address the growing need for insurers to modernise their ... Read the full article
Nexus Mutual responds to Arcadia Finance exploit, reinforcing commitment to onchain protection
6th August 2025
Nexus Mutual, a decentralised risk protection platform that provides crypto-native cover, responded swiftly following a smart contract exploit on Arcadia Finance that occurred on July 15, which led to losses of approximately $3.6 million. The exploit allowed an attacker to directly withdraw funds from user accounts, affecting several individuals who held ... Read the full article
Guidewire introduces Niseko to enhance insurance financial and risk insights
6th August 2025
Guidewire, a provider of software solutions for the insurance industry, has released Niseko, its latest update aimed at offering insurers improved visibility into financial performance and risk exposure. Niseko provides developers with tools designed to simplify the process of updating custom software extensions, automate and reuse core business functions to speed ... Read the full article
AM Best: US L/A insurers shift toward mortgages and alternatives as bond yields
6th August 2025
According to a recent report from AM Best, a credit rating agency, the bond portfolio yield for the US life/annuity (L/A) insurance industry rose to its highest point in ten years in 2024, increasing by 22 basis points to 4.79%. However, AM Best notes that this rise came alongside a significant ... Read the full article
Grupo ilao strengthens presence in Colombia with 21 brokerage acquisitions
5th August 2025
Chariot & Castle Seguros, a property and casualty insurance brokerage operating in Colombia under the name Grupo ilao, has announced the successful acquisition of 21 insurance brokerages across seven Colombian cities over the past two years. This strategic expansion positions the company among the top five insurance brokerages in the country. The ... Read the full article
hx unveils Portfolio Intelligence, as it aims to become the key pricing & underwriting platform for C&S: Jamie Wilson
5th August 2025
Off the brink of hyperexponential (hx) announcing the launch of a new core product offering, Platform Intelligence, Reinsurance News spoke with Jamie Wilson, Vice President of Growth at hx, about the company’s new product and what key benefits it's set to bring towards the insurance and reinsurance sector. Portfolio Intelligence, which ... Read the full article
UK P&I Club introduces UK fixed to support small vessel owners with tailored coverage
5th August 2025
The UK P&I Club, a provider of Protection & Indemnity insurance to the global shipping industry, has introduced UK Fixed, a Fixed Premium Protection & Indemnity (P&I) product specifically designed for owners of smaller vessels. This launch follows the integration of Thomas Miller Specialty Marine (TMS) into the Club’s operations. UK Fixed ... Read the full article
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