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.
SPG acquires ANOVA Marine Insurance Services to broaden marine and logistics offerings
5th August 2025
Specialty Program Group LLC (SPG), a national operator of specialty insurance businesses, has acquired ANOVA Marine Insurance Services, LLC, a managing general agency (MGA) focused on marine, cargo, transportation, and logistics insurance. The acquisition is intended to strengthen SPG’s position in these sectors while allowing ANOVA to access broader distribution resources. ANOVA, ... Read the full article
Lemonade introduces standalone buildings insurance for UK homeowners
5th August 2025
Lemonade, a digital insurance provider using AI and operating with a focus on social impact, has introduced a buildings-only Homeowners insurance product in the UK. This launch adds to the company’s existing UK offerings and reflects its gradual expansion in the local insurance market. Lemonade entered the UK in October 2022 and ... Read the full article
Applied Systems reports slower growth in Canada’s commercial insurance space in Q2’25
4th August 2025
Applied Systems, a provider of cloud-based insurance software and services, has released its second-quarter 2025 edition of the Applied Commercial Index, offering detailed insights into premium renewal trends across Canada's commercial insurance sector. According to Applied Systems, the average renewal rate increase slowed across all major commercial lines when compared to ... Read the full article
CyberCube and Wholesure partner to expand cyber insurance capabilities for SMBs
4th August 2025
CyberCube, a provider of cyber risk analytics for the insurance sector, has entered into a strategic partnership with Wholesure, the wholesale brokerage arm of Acrisure, a global fintech and insurance brokerage firm. As part of the collaboration, Wholesure will license CyberCube’s Broking Manager and CyberConnect solutions to improve cyber insurance services ... Read the full article
Aspen announces new leadership role for international and UK casualty insurance
4th August 2025
Aspen Insurance Holdings Limited has announced the appointment of Ryan Cushway as Head of International and UK Casualty Insurance, a newly established position effective August 1, 2025. Cushway, who joined Aspen in 2017, has held several senior underwriting roles. Since January 2023, he has led the UK Casualty portfolio, consistently producing ... Read the full article
QBE expands into Dutch marine insurance market with key appointment
4th August 2025
QBE, an insurer with operations in over 25 countries, has announced the appointment of Paul Peerdeman to lead the launch of its marine insurance portfolio in the Netherlands. The move is part of QBE’s strategy to strengthen its presence in key European markets by offering locally tailored solutions for global trade. Peerdeman ... Read the full article
Concert Group announces leadership transition to support strategic growth
4th August 2025
Concert Group Holdings, Inc., a specialised insurance holding company known for providing tailored solutions to programme insurance markets, has introduced a new executive leadership structure aimed at steering the company through its next phase of strategic and profitable expansion. The plan, developed earlier this year, officially goes into effect today, Friday, ... Read the full article
Aegis Professional Risk transitions to McGowan Companies in deal with K2 Insurance Services
4th August 2025
McGowan Companies, a provider of specialised insurance programmes, has acquired the assets associated with the Aegis Professional Risk division from Aegis General Insurance Agency, Inc. This transaction was completed through an asset purchase agreement with K2 Insurance Services, LLC. Aegis Pro Risk is a division focused on professional liability insurance solutions. It ... Read the full article
Non-life run-off market sees continued deal flow in Q2’25, says PwC
1st August 2025
PwC, a professional services firm with deep expertise in the insurance and legacy markets, has released its latest review of the non-life insurance run-off sector, covering the second quarter of 2025. According to PwC, activity in the market remained steady through Q2, with 10 publicly disclosed deals bringing the total for ... Read the full article
London Market Group reports stronger confidence in UK financial regulators
1st August 2025
The London Market Group (LMG), a collective body representing the specialist commercial re/insurance market in London, has published the results of its second Regulatory Sentiment Indices. The data shows a clear improvement in how firms view the performance of the UK’s two key financial regulators: the Financial Conduct Authority (FCA) and ... Read the full article
Alex Bonds named Co-President of Starwind Specialty
1st August 2025
Starwind Specialty Insurance Services, a CRC Group company, has announced that Alex Bonds, currently serving as President and Chief Underwriting Officer of CRC Insurisk, will be joining Starwind Specialty as Co-President. In his new position, Bonds will work alongside current Co-President Brian Norman. Bonds will continue to oversee CRC Insurisk, which ... Read the full article
Commercial property rates flatline while liability costs climb: The Baldwin Group
31st July 2025
The Baldwin Group, an insurance brokerage and advisory firm, has released its Q2 2025 Market Pulse Report, providing a clear view into a commercial insurance market that is becoming increasingly divided. According to the report, stability and renewed competition are returning to commercial property insurance, while casualty lines—particularly those influenced by ... Read the full article
Cover Whale raises $40m from Morgan Stanley to support expansion
30th July 2025
Cover Whale Insurance Solutions, Inc., a commercial auto insurtech, has raised $40 million in equity funding from Morgan Stanley Expansion Capital. The company plans to use the investment to further develop its technology, improve its data analytics capabilities, and expand its insurance offerings in pursuit of additional growth. Established in 2020, ... Read the full article
Aon reports expanding insurance capacity amid rising global risks
30th July 2025
Aon, a global insurance and reinsurance broker, has released its Q2 2025 Global Insurance Market Insights, highlighting a notable phase in the insurance market where increased capacity and softening rates are coinciding with intensifying systemic threats. According to Aon, market conditions in the second quarter were broadly favourable for buyers, with ... Read the full article
Mosaic launches tailored cyber and crime coverage for digital asset companies
30th July 2025
Mosaic Insurance, a specialty insurer known for underwriting complex and emerging risks, has expanded into the digital asset space with a new insurance solution designed specifically for this fast-growing industry. The offering combines cyber and financial institutions (FI) crime coverage, addressing long-standing gaps in protection for businesses operating in digital finance ... Read the full article
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