Reinsurance News
Reinsurance News
Reinsurance industry news, analysis, insight and interviews.
Reinsurance market news coverage provided everyday, on the top reinsurers and insurers, covering news topics of relevance to the reinsurance sector, as well as commercial and specialty insurance.
Santam receives approval to launch UK-based Lloyd’s syndicate
23rd July 2025
Santam Limited, one of South Africa’s general insurers, has received in-principle approval from Lloyd’s of London—a re/insurance marketplace—to establish a Lloyd’s syndicate in the United Kingdom. This approval is subject to Santam meeting Lloyd’s operational start-up requirements. The necessary regulatory approvals have also been obtained in South Africa, and final permission ... Read the full article
S&P: Toa Re’s operating performance shows clear signs of recovery
23rd July 2025
S&P Global Ratings, a credit rating agency, has affirmed its A/Stable ratings on Toa Reinsurance Group’s core subsidiaries, reflecting a firm view that the group’s operating performance is improving, with signs of profitability returning after several challenging years. Toa Reinsurance Co., along with its overseas subsidiaries Toa Reinsurance Co. of America ... Read the full article
Demex reopens aggregate loss reinsurance market for frequent storm losses with new solution
22nd July 2025
Demex, a climate risk MGA and data analytics firm based in Washington, D.C., is driving a shift in how the reinsurance industry handles the financial burden of severe convective storms (SCS). With a new aggregate, working-layer reinsurance structure, Demex has become the first to successfully provide scalable coverage for high-frequency storm ... Read the full article
Fleming aims to revolutionise retrospective reinsurance with new REvolve™ platform
22nd July 2025
Fleming Insurance Holdings, a provider of capital solutions to P&C re/insurers globally, has launched REvolve™, a new comprehensive platform designed to transform retrospective reinsurance. REvolve™ integrates advanced risk evaluation, AI-enhanced insights, and seamless, recurring transfer of liabilities, aiming to drive continued value for counterparties. The platform combines the strengths of Fleming’s proprietary ... Read the full article
S&P revises MAPFRE’s outlook to positive, citing strong capital and earnings
22nd July 2025
S&P Global Ratings, a credit rating agency, has revised its outlook on the Spanish insurance group Mapfre to positive from stable, reflecting growing confidence in the group’s financial strength and earnings trajectory. The change in outlook follows S&P’s assessment that Mapfre’s capital adequacy is expected to remain strong and may consistently ... Read the full article
S&P assigns ‘A’ ratings with stable outlook to Fidelidade and Fidelidade RE
21st July 2025
S&P Global Ratings, a credit rating agency, has initiated coverage of Fidelidade – Companhia de Seguros, S.A., and its reinsurance subsidiary, Fidelidade RE – Companhia de Resseguros, S.A., assigning both entities long-term Issuer Credit Ratings (ICR) and Financial Strength Ratings (FSR) of ‘A’ with a stable outlook. S&P expects Fidelidade to ... Read the full article
Canopius announces Marine & Energy Treaty team changes
21st July 2025
Canopius Group, a specialty and P&C re/insurer, has announced the promotion of Ben Pinnington to Head of Marine & Energy Treaty, effective 7 July 2025, additionally, Imogen Wright will join the business as Underwriter – Marine & Energy Treaty on 13 October 2025. Pinnington began his insurance career in 2018 as ... Read the full article
Only 3 in 10 aviation executives confident their strategies can manage future risks, finds WTW
21st July 2025
According to a recent report from Willis Towers Watson (WTW), just three out of ten aviation executives believe their current strategies will be sufficient to handle the emerging risks facing the industry over the next decade. The study, which surveyed 130 senior aviation leaders, found that only half feel confident that ... Read the full article
European insurers positioned for strong year-end, according to S&P
18th July 2025
European insurers are expected to close the year in a solid position, supported by resilient underwriting results, robust capital buffers, and effective strategic adjustments across the sector, according to a midyear report by S&P Global Ratings, a provider of independent credit ratings, research, and analytics. In its latest publication, European Insurance ... Read the full article
AM Best upgrades credit ratings of Kuwait Re
18th July 2025
AM Best, the credit rating agency, has upgraded the credit ratings of Kuwait Reinsurance Company K.S.C.P. (Kuwait Re), citing its improved financial performance and strong capital position. The company’s Financial Strength Rating has been elevated from A- to A (Excellent), and its Long-Term Issuer Credit Rating has been upgraded from “a-” ... Read the full article
Gallagher expands Evolve smart-follow facility with new power risks
17th July 2025
Insurance and reinsurance brokering group Gallagher has introduced a new product line within its Evolve placement strategy, which offers automatic, immediate and bespoke coverage for Conventional Power clients around the world. Evolve, powered by InsurX’s smart follow technology, is multi-line portfolio tracker solution launched in February last year which unlocks seamless ... Read the full article
Cyber reinsurance capacity grows by $250m amid 5-15% rate declines in H1’25: Lockton Re
16th July 2025
Lockton Re, a reinsurance broker specialising in cyber risk, has released its update on the cyber reinsurance market for the first half of 2025. Their analysis reveals key trends and movements driven by shifts in pricing, capacity, and underwriting strategies shaping the evolving cyber insurance landscape. Lockton Re reports that the direct ... Read the full article
ABIR announces Gallagher Re as its newest member
16th July 2025
The Association of Bermuda Insurers and Reinsurers (ABIR) has added Gallagher Re, a global reinsurance broker, to its list of member companies. Gallagher Re is part of Gallagher, an insurance brokerage, risk management, and consulting group. The reinsurance division employs around 2,400 people across 30 countries. Gallagher has operated in Bermuda since ... Read the full article
US hurricane losses could soar 50% in warming climate, MS Amlin study finds
14th July 2025
Insured losses from US hurricanes could increase by nearly 50% if global temperatures rise by 2°C, MS Amlin, the Lloyd’s re/insurer, warns in its recently launched peer-reviewed study published in the Journal of Catastrophe Risk and Resilience. According to the study, climate change is reshaping hurricane behaviour—altering where storms strike, how ... Read the full article
Continued profitable growth for Hannover Re amid evolving risk landscape: CEO Jungsthöfel
14th July 2025
Clemens Jungsthöfel, who took over as CEO of Hannover Re from Jean-Jacques Henchoz in early April, has outlined his vision for the company’s future in a recent interview with Börsen-Zeitung, emphasizing continued profitable growth by leveraging its focused reinsurance model a lean structure. Jungsthöfel described Hannover Re’s current position as Read the full article
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