Reinsurance News
Italy
Berkshire (BHSI) expands primary casualty line to Italy
13th January 2026
Berkshire Hathaway Specialty Insurance (BHSI), a commercial property and casualty insurer that provides tailored solutions to businesses of all sizes, has expanded its operations in Italy with the launch of primary casualty policies for national and multinational risks. The policy covers public liability, employers’ liability, and product liability, which can be ... Read the full article
Ralf Boesemann named General Manager & CEO of Hannover Re Services Italy
7th July 2025
Global reinsurer Hannover Re has announced the appointment of Ralf Boesemann as General Manager and Chief Executive Officer (CEO) of Hannover Re Services Italy S.r.l. (HS Ita). HS Ita serves clients across both Life & Health and Property & Casualty. The Life & Health team focuses on building long-term relationships and ... Read the full article
AM Best maintains stable outlook on Italy’s non-life insurance segment
3rd June 2025
AM Best has maintained its stable outlook on Italy’s non-life insurance segment driven by natural catastrophe risks gaining relevance, expected maintained profitability, and stable growth sustained by underwriting discipline. Natural catastrophe risks are gaining relevance due to new laws effective March 31, 2025, which require large enterprises to have insurance coverage ... Read the full article
SACE to provide reinsurance backing for nat cat coverage in Italy
5th March 2025
SACE, the Italian insurance and financial group wholly owned by the Italian Ministry of Economy and Finance, has announced that it will provide reinsurance at market conditions, covering indemnities of up to 50%, with a total cap set by the 2024 Budget Law at €5 billion for 2025. For those unaware, ... Read the full article
Mandatory nat cat cover in Italy a credit positive for P&C sector: Moody’s
3rd March 2025
Moody’s Ratings has suggested that the new obligation for companies in Italy to take out insurance policies covering natural catastrophes risk is credit positive for the P&C insurance sector. The Italian government recently published an interministerial decree in the Official Journal, setting out further rules for mandatory insurance against natural disasters ... Read the full article
Italian insurance sector set to surpass €100bn in life premiums by 2025, says Morningstar DBRS
4th December 2024
According to Morningstar DBRS, an independent provider of credit ratings and financial analysis, the Italian insurance sector is on track to sustain its strong performance into 2025. Key drivers include a significant recovery in life insurance premiums, steady growth in non-life segments, and higher investment returns. However, challenges such as elevated life ... Read the full article
Strategic Risk Solutions announces launch of SRS Italy
26th September 2024
Strategic Risk Solutions (SRS), an independent insurance company manager globally, has announced the establishment of SRS Italy. Based in Milan, SRS Italy will be the first specialised provider of insurance management services specifically for captive insurance and reinsurance companies based in Italy. SRS Italy is a collaborative effort between SRS and Strategica ... Read the full article
Italian insurers show resilience despite challenging environment, improving outlook: Morningstar DBRS
31st July 2024
According to a recent analysis by Morningstar DBRS, the Italian insurance sector has mostly overcome the challenges of the difficult operating environment it faced in 2023, and the current outlook is improving. Recently published data has shown that Italian insurers managed to report an improvement in profitability compared with the prior ... Read the full article
Cyber insurance growth to shift to non-US markets by 2030: Howden
1st July 2024
Howden, the insurance intermediary group, has released its fourth annual cyber report, "Risk, Resilience and Relevance," noting market stabilisation last year due to improved cyber hygiene following a surge in ransomware claims in 2020 and 2021. According to the report, carriers and brokers have made notable strides in enhancing price stability, ... Read the full article
DARAG and UnipolSai form service partnership
17th June 2024
DARAG Group, a (re)insurance specialist in discontinued business and capital and operational relief, has entered into a service agreement with UnipolSai Assicurazioni S.p.A. (Unipol), an Italian insurer within the Unipol Group. Unipol is a major player in non-life insurance and motor vehicle third-party liability (TPL) in Italy. Under this agreement, DARAG Deutschland ... Read the full article
AM Best revises Italy’s non-life insurance segment to stable
11th June 2024
Global credit ratings agency AM Best has revised its outlook on Italy’s non-life insurance segment from negative to stable, citing growth momentum supported by tariff adjustments and stabilisation of the economic environment. In a report, the agency explained that it expects non-life insurance gross written premium (GWP) to continue to grow ... Read the full article
Ardonagh will acquire Mansutti S.r.l to expand European presence
2nd May 2024
The Ardonagh Group, an independent insurance broker, has announced that it will acquire Mansutti S.r.l, the commercial lines division of Italian insurance broker Mansutti S.p.A. Founded in 1925, Mansutti S.p.A has established a reputation for serving personal customers through the biggest brands and enterprises in Italy. The brokerage has most recently ... Read the full article
Italian life insurance sector sees negative inflows in 2023: Fitch
16th April 2024
Fitch Ratings' analysis of the 2023 Italian Insurance Dashboard reveals a significant downturn in net inflows for the Italian life insurance sector for both traditional savings and unit-linked products. According to analysts at Fitch, this decline occurred due to “the rise in interest rates, making alternative investments, such as Italian government ... Read the full article
Italian non-life outlook improving, life remains neutral: Fitch
12th December 2023
According to Fitch Ratings, the outlook for Italian insurance is improving for non-life compared with 2023 actuals, while life remains neutral. Fitch's non-life sector is improving due to the expectation that widespread tariff increases to more than offset persistent high inflation-related claims costs, with motor claims frequency also expected to remain ... Read the full article
PERILS increases industry loss estimate for Emilia-Romagna floods to €509m
22nd November 2023
Zurich-based catastrophe insurance data provider PERILS AG has disclosed its third industry loss estimate for the floods in the Emilia-Romagna region of Italy during May 2023, upping the figure to €509 million. This compares to the previous loss estimates of €377 million and €488 million issued by PERILS six ... 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.
