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.
IRLA Congress: Legacy market shifts to proactive capital management and risk solutions
12th May 2025
The legacy and reinsurance market, once viewed as a niche or reactive segment of the insurance sector, has now become a central component of capital management strategies and long-term planning. That was the consistent theme emerging from this year’s IRLA Congress & Business Seminar, where industry leaders underscored the market’s growing ... Read the full article
AM Best upgrade fuels casualty growth in strong market conditions: Hamilton CEO
12th May 2025
Hamilton Insurance Group, a Bermuda-based insurance and reinsurance provider known for its underwriting platforms, is making the most of favourable conditions in the casualty market—bolstered by a recent credit rating upgrade from AM Best, the credit rating agency. During the company’s Q1 2025 earnings call, CEO Pina Albo highlighted a strong ... Read the full article
FY 24/25 results show Skuld profit on premium and investment gains
12th May 2025
Skuld, a global marine insurer, reported a solid financial result of USD 21 million for the financial year ending 20 February 2025. Despite a more demanding claims environment, the company’s performance was underpinned by a significant rise in gross earned premium and strong investment income across multiple asset classes. Gross earned premium ... Read the full article
Taiwan dollar’s sharp appreciation poses risks to life insurers’ overseas investments: AM Best
9th May 2025
According to a recent commentary published by AM Best, the credit rating agency, the Taiwan dollar has strengthened against the US dollar at a speed not previously recorded, gaining approximately 8% within a two-day span. AM Best states that this sharp currency movement may have significant repercussions for Taiwanese life insurers, ... Read the full article
IHC, BlackRock, Lunate partner for $1bn+ Abu Dhabi AI-native reinsurance launch
9th May 2025
The International Holding Company (IHC) is launching a new Abu Dhabi based reinsurer with $1 billion plus of equity capital and partnerships with asset managers BlackRock and Lunate, while Mark Wilson the former CEO of Aviva and AIA Group has been lined up to lead the reinsurance start-up as CEO. IHC ... Read the full article
Liberty Mutual’s Q1’25 net income surpasses $1bn despite significant cat losses
8th May 2025
Liberty Mutual Holding Company Inc. (LMHC), a global property and casualty insurer, reported net income attributable to LMHC of $1.025 billion for the first quarter of 2025, down from $1.535 billion in the same period in 2024, as catastrophe losses surged 121% year-on-year. Given the higher cat load, the company’s underwriting ... Read the full article
Greenlight Re’s Q1’25 net income rises despite catastrophes driving underwriting loss
8th May 2025
Reinsurer Greenlight Re's net income increased to $29.6 million in the first quarter of 2025, as a stronger investment result more than offset a $7.8 million underwriting loss amid elevated losses from catastrophes. Greenlight Re’s underwriting performance weakened compared to the prior year, swinging from a $3.4 million underwriting profit in ... Read the full article
Rokstone names Lewis Goodearl to lead new UK & Ireland Casualty Division
8th May 2025
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Lewis Goodearl as Head of its newly established UK and Ireland Casualty division. Goodearl joins Rokstone from Convex, where he has spent the past five years as a Senior Casualty Underwriter. He brings more than 30 years of ... Read the full article
Brazil faces intensifying climate risks as insurance sector adapts to shifting weather patterns: Howden Re
8th May 2025
Howden Re, the reinsurance and strategic advisory division of Howden, has launched its fourth edition of the Brazil and Global Climate Impacts report, created in collaboration with MeteoIA, a climate analytics firm. This latest report provides an in-depth look at Brazil’s changing climate patterns, offering a review of the last quarter’s ... Read the full article
Global Atlantic grows Its Bermuda footprint with major office expansion
8th May 2025
Global Atlantic Financial Group, a retirement and life insurance provider serving individuals and institutions, has expanded its presence in Bermuda with a move to a new headquarters at Washington House on Church Street in Hamilton. This relocation marks a significant step in the company’s continued investment in the island, as it ... Read the full article
Verisk reports strong Q1 2025 results with 6.8% underwriting growth and healthy profitability
8th May 2025
Verisk Analytics, a data analytics and technology provider, reported a 6.8% growth in underwriting revenues for the first quarter of 2025, with an even stronger increase of 7.2% on an organic constant currency (OCC) basis. Underwriting revenue in the quarter jumped from $498 million to $532 million, while claims increased to ... Read the full article
American Financial Group reports Q1’25 net earnings of $154m
7th May 2025
American Financial Group, Inc., a Cincinnati-based holding company specialising in insurance and financial services, has reported first-quarter 2025 net earnings of $154 million, compared to $242 million for the same period in 2024. This reflects a decrease primarily due to lower property and casualty (P&C) insurance underwriting profit and reduced returns ... Read the full article
WTW expands International Property Facility with digital upgrade to Neuron
7th May 2025
WTW, an advisory, broking, and solutions firm, has announced a major upgrade to its International Property facility in the London market, further advancing the capabilities of its digital trading platform, Neuron. This enhancement, which aligns with the facility’s renewal on May 1, 2025, includes increased market support and expanded capacity. The move ... Read the full article
Aon warns business leaders of compounding risks from AI, climate change, and trade disruption in 2025
7th May 2025
Aon, a global professional services firm, has released its Client Trends 2025 report, emphasising the growing interdependence of four powerful forces—Trade, Technology, Weather, and Workforce—that are shaping the operating environment for organisations worldwide. The report draws on Aon’s extensive capabilities in both risk capital and human capital to explore how these ... Read the full article
Mercury General falls to Q1’25 net loss amid elevated cat losses
7th May 2025
Mercury General Corporation, a property and casualty insurance provider based in Los Angeles, California, has released its financial results for the first quarter of 2025, revealing a net loss for the period as a result of significant losses from the January wildfires in California. The first quarter's combined ratio surged to ... Read the full article
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