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.
Hong Kong re/insurance market sees gross premiums increase to $637.8bn in 2024
28th April 2025
The Hong Kong Insurance Authority (IA) has released provisional insurance and reinsurance market statistics for 2024, reporting a total of $637.8 billion in gross premiums for the year, a notable increase compared to the $549.7 billion reported for 2023. Long-term business saw significant growth, with new office premiums (excluding Retirement Scheme ... Read the full article
Chaucer expands International Property Division with two senior appointments
28th April 2025
Chaucer Group, the specialty re/insurance business, has announced the appointments of Emma Brown and Andy Cleair as Class Underwriters within its International Property division. Both are based in London and report directly to Mel Smart, Head of International Property Fac. In their new roles, Brown and Cleair will work closely with ... Read the full article
Growing risks for US P&C insurers amid rising secondary perils: AM Best
25th April 2025
A new report from AM Best, the credit rating agency, highlights a pressing issue for the US property and casualty insurance sector: nearly half of all US states recorded their highest single-year property catastrophe loss ratio in the past decade at levels more than 20 percentage points above their respective ... Read the full article
RenRe CEO affirms core business is insulated from tariffs and economic downturns
25th April 2025
During RenaissanceRe's first-quarter 2025 earnings call, CEO Kevin J. O'Donnell focused early remarks on the impact of tariffs and inflation—two major forces shaping the global economic landscape and the reinsurer's business strategy. He emphasised that these macroeconomic factors continue to influence pricing, risk assessment, and overall market behaviour, with direct implications ... Read the full article
Floodbase and Yokahu introduce parametric flood insurance to support New Orleans businesses
25th April 2025
Floodbase, a platform focused on insuring flood risks beyond traditional coverage, has partnered with insurance intermediary Yokahu to introduce automated parametric flood insurance in New Orleans. The initiative aims to provide faster, more flexible financial protection for businesses impacted by regional flood events. In contrast to the National Flood Insurance Program (NFIP)—which ... Read the full article
Goosehead Insurance reports strong Q1’25 results with 17% revenue growth
25th April 2025
Goosehead Insurance, an independent personal lines insurance agency, has reported robust financial results for the first quarter of 2025, with total revenues reaching $75.6 million - up 17% from the same period last year. Core revenues, which exclude contingent commissions and other one-time items, also rose 17% to $69.1 million, driven ... Read the full article
Probitas confirms CEO and MD retirement amid post-acquisition realignment
24th April 2025
Probitas, a Lloyd’s syndicate acquired by Aviva in 2024, has confirmed that CEO Ash Bathia and Managing Director Nick Bacon will retire from their roles on 31 July 2025. Founded as a Lloyd’s platform with a focus on specialty insurance, Probitas has grown into a syndicate with approximately ... Read the full article
Tariff pressures mount for US insurers, says KBRA
24th April 2025
KBRA, a US-based credit rating agency, notes that while the US insurance industry has historically been resilient in the face of economic uncertainty, ongoing tariff disputes and broader trade tensions are now presenting a more complex and layered set of credit challenges. These pressures are being felt most acutely in the ... Read the full article
Cowbell introduces Prime One Tech in the UK to support cyber and PI needs of growing tech sector
24th April 2025
Cowbell, a cyber insurance provider focused on small to medium-sized enterprises and the middle market, has introduced Prime One Tech in the UK. This new offering combines professional indemnity and cyber coverage, built specifically for technology companies generating up to £1 billion in annual revenue. Policy limits are available up to ... Read the full article
US P&C insurance to see 5% premium growth in 2025 despite $16bn in reserve additions: Swiss Re
24th April 2025
After several years of elevated growth and performance, the US property and casualty (P&C) insurance sector is approaching a period of slower expansion and rising uncertainty, reports reinsurance giant Swiss Re. According to James Finucane, Senior Economist, and Thomas Holzheu, Chief Economist Americas, of the Swiss Re Institute—part of Swiss Re, ... Read the full article
Willis names Anant Pawar as Aviation & Space Leader for India
23rd April 2025
Willis, part of global insurance broker WTW, has appointed Anant Pawar as the Aviation & Space Leader for India, effective immediately. In this new role, Pawar will be responsible for providing strategic insurance broking solutions and specialised services to aviation clients across the country. Pawar brings extensive industry knowledge and leadership experience, ... Read the full article
Zhibao Technology launches new reinsurer Zhibao Labuan Re
22nd April 2025
Zhibao Technology Inc., a China-based insurtech company specialising in digital insurance brokerage, has announced the establishment of Zhibao Labuan Reinsurance Company Limited. Labuan Financial Services Authority (LFSA) has granted Zhibao Labuan Re a license to pursue general reinsurance operations outside of mainland China on April 14, 2025. The establishment of Zhibao Labuan ... Read the full article
Reinsurance expansion strengthens credit position of German and French insurers: Fitch
22nd April 2025
Fitch Ratings, a provider of credit ratings, commentary and research, has said that the growing reinsurance activities of several German and French insurers are contributing to stronger credit profiles, provided the associated execution risks are well managed. In a new report, Fitch assesses the strategic move into reinsurance by eight European ... Read the full article
Navigate Re launches with Polo support
22nd April 2025
Navigate Re, a Guernsey Category 6 Special Purpose Entity, has launched during the first quarter of 2025 after securing regulatory approval from the Guernsey Financial Services Commission (GFSC). The company, which is also a Polo Insurance Managers client, has been established to offer its investors access to attractive insurance-linked returns. Solomon Garber ... Read the full article
Guy Carpenter CEO expects continuation of 1.4 trend at mid-year renewals
17th April 2025
Speaking during Marsh McLennan's Q1 2025 earnings call this afternoon, Dean Klisura, CEO of reinsurance broker Guy Carpenter, provided an outlook for the mid-year reinsurance renewals. Klisura indicated that he expects the trends seen during the January 1 and April 1 renewals to continue into the June 1 ... Read the full article
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