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.
Miller strengthens Delegated Authorities offering with new European team
16th April 2025
Miller, a specialist re/insurance broker, has expanded its Delegated Authorities proposition with the creation of a dedicated European team. Leading the new team is Laurie Gaitskell, appointed as Head of European Delegated Authorities. He is joined by Anne-Sophie Petit and Ilenia Pizzolitto, with all three bringing extensive expertise in managing open market ... Read the full article
Reinsurance industry sees investment yield climb to 4.4% in 2024: Gallagher Re
16th April 2025
Gallagher Re, a reinsurance and risk management firm, has released its full-year 2024 Reinsurance Market Report, highlighting an improvement in investment yield for reinsurance companies. According to the report, the total investment yield rose to 4.4% in 2024, up from 3.9% in 2023. This was driven by a higher running yield ... Read the full article
Insurers navigate risk of two-thirds weight regain with GLP-1 medications: Swiss Re
16th April 2025
Insurance companies face a growing challenge as they adapt to the rise of GLP-1 receptor agonists, such as Ozempic and Wegovy, which have proven effective in managing weight and improving obesity-related health conditions. Swiss Re, a provider of reinsurance and insurance solutions, highlights the importance of insurers integrating these treatments into ... Read the full article
Optalitix joins forces with SortSpoke to enhance underwriting efficiency
15th April 2025
Optalitix, a technology company specialising in data analytics and automation for the insurance industry, has announced a new partnership with SortSpoke, an AI-powered document processing platform. This collaboration enables underwriters to extract essential data from complex submissions five times faster, with full accuracy. Through this partnership, insurers will be able to process, ... Read the full article
Reinsurers see strong revenue growth and improved CoRs in 2024: Gallagher Re
15th April 2025
At 8.1%, revenue growth in the reinsurance market remained strong in 2024, a slight increase compared to the 7.6% seen in 2023, according to reinsurance broker Gallagher Re. According to the broker’s full-year 2024 reinsurance market report, which tracks the capital and profitability of the global reinsurance sector, the growth experienced ... Read the full article
Westfield Specialty International expands reinsurance team with new appointment
15th April 2025
Westfield Specialty International, a provider of specialty insurance and reinsurance solutions, has expanded its reinsurance division with the appointment of Chris Gray as Divisional Director. Based in London, Gray will report directly to Jeremy Shallow, Chief Underwriting Officer at Westfield Specialty International. With over two decades of underwriting experience in the re/insurance ... Read the full article
Aon introduces profitable growth tool to help insurers achieve sustainable growth
11th April 2025
Aon plc, a provider of professional services, has introduced the Profitable Growth Tool, a new benchmarking and advisory service aimed at assisting insurers in identifying and cultivating key traits that enhance their value to customers and shareholders. Developed by Aon’s Strategy and Technology Group, this tool builds upon the firm’s Growth ... Read the full article
Lloyd’s approves OAK Re’s increased business plan for Syndicate 2843
10th April 2025
London-based reinsurance firm, OAK Re has received Lloyd’s approval to increase the 2025 business plan of Syndicate 2843 to over $400 million of gross written premium. OAK Re's syndicate business forecast (SBF) was resubmitted after the company exceeded its own expectations for the first quarter of 2025. Chief Executive Officer and Founder, ... Read the full article
Cayman’s strong regulation and tax neutrality makes it attractive for global capital: CIRCA’s Mitchell
10th April 2025
The Cayman Islands is poised to become an increasingly significant player in the global reinsurance market, according to Greg Mitchell, Chair of CIRCA (the Cayman International Reinsurance Companies Association). Speaking ahead of the ReConnect Conference in Cayman, Mitchell highlighted the jurisdiction's appeal to international capital seeking access to the ... Read the full article
Paratus and Low Carbon sign partnership to manage renewable energy price risk
9th April 2025
Paratus Holdings Limited, a specialist re/insurer focused on energy price risk, and Low Carbon, a renewable energy developer and Independent Power Producer (IPP), have announced a strategic agreement to manage power price exposure across Low Carbon’s asset portfolio. The partnership involves the use of Paratus’ energy price insurance product, designed to ... Read the full article
Cayman Islands insurance sector generates CI$233m annually for economy
9th April 2025
The Cayman Islands international insurance sector contributes CI$233 million annually to the economy, according to a recent study by The Insurance Managers Association of Cayman (IMAC) and Cayman Finance. The report, conducted by FTS with input from the Cayman International Reinsurance Companies Association (CIRCA), quantifies the significant direct and indirect economic ... Read the full article
Pool Re secures £100m of terrorism retrocession coverage with latest cat bond
8th April 2025
Pool Re, a UK-based provider of terrorism reinsurance, has successfully completed the placement of its third catastrophe bond, Baltic PCC Limited (Series 2025-1), which provides the reinsurer with £100 million of collateralised retrocession protection. This new issuance reinforces Pool Re’s ongoing commitment to shielding UK taxpayers from the financial impact ... Read the full article
Japanese insurers turn to reinsurance and acquisitions for growth opportunities: AM Best
7th April 2025
Facing a mature domestic market with limited growth potential due to a shrinking and aging population, Japanese insurers are expanding into international markets, like the US and Australia, and making acquisitions to diversify revenue and sustain long-term growth, a recent AM Best report has revealed. Japan’s insurance industry is highly consolidated, ... Read the full article
Global insurers face rising regulatory costs due to climate change and AI challenges, Fitch says
4th April 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, has highlighted in a new report that global insurers are facing rising regulatory costs driven by structural changes in the life insurance sector, climate change, and the growing role of artificial intelligence (AI), as industry regulators intensify their response to ... Read the full article
BMS Re appoints Manoela Barbi Kukli as Head of Fac Reinsurance for Brazil
4th April 2025
Insurance and reinsurance broker BMS Group has announced the appointment of Manoela Barbi Kukli as the new Head of Facultative Reinsurance for its Brazilian office, effective April 1st, reporting directly to Jose Leão, CEO of BMS Brazil. Kukli, who has been with BMS Re for nearly two years, previously served as ... Read the full article
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