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.
Strong ‘24 performance bolstered European reinsurers’ credit strength but challenges loom: Fitch
24th March 2025
A second consecutive year of robust financial performance in 2024 has bolstered the credit strength of Europe's four largest reinsurers, positioning them to navigate potentially less favourable market conditions in 2025, according to a recent Fitch Ratings report. Positive market conditions, sustained underwriting discipline, and strong investment returns drove significant capital ... Read the full article
Surplus notes gaining popularity among insurers as financial flexibility tool: AM Best
24th March 2025
AM Best, a global credit rating agency specialising in the insurance sector, has released a new report shedding light on a significant trend in the US property/casualty (P&C) and health insurance markets. According to their findings in the Special Report, "Hard Reinsurance Market Makes Surplus Notes Attractive for Some," surplus notes ... Read the full article
US P&C insurance industry generated $170bn net income in 2024: Verisk, APCIA
21st March 2025
According to Verisk, a provider of data analytics and technology solutions, and the American Property Casualty Insurance Association (APCIA), the primary national trade association for home, auto, and business insurers, the US property and casualty insurance industry is estimated to have earned $170 billion in net income for 2024. However, it's ... Read the full article
Ethan Godlieb joins Consilium as Associate Partner
21st March 2025
Consilium, a specialty re/insurance broking business of the Aventum Group, has announced the appointment of Ethan Godlieb as Associate Partner to lead Cyber, Tech, and Fintech within its Professional & Executive Risks Division. Godlieb will join Consilium in May after completing his notice period at Aon, where he serves as Cyber ... Read the full article
IQUW introduces Active Assailant insurance in partnership with Crisis24
20th March 2025
Specialty insurer and reinsurer IQUW has introduced a new Active Assailant insurance offering in collaboration with Crisis24, a crisis response specialist. This product is designed to provide coverage for physical attacks perpetrated by individuals or groups using weapons like guns, knives, vehicles, or drones, aimed at inflicting harm, injury, death, or ... Read the full article
US P&C industry sees $22.9bn underwriting gain in 2024, reports AM Best
18th March 2025
According to recent analysis from global credit rating agency AM Best, the US property and casualty (P&C) industry recorded a $22.9 billion net underwriting gain in 2024, the first underwriting profit since 2020. This marks a significant improvement from the $21.3 billion underwriting loss reported by the sector in the previous ... Read the full article
London insurance market welcomes UK Gov action plan to cut red tape & boost growth
18th March 2025
In a move aimed at stimulating economic growth and enhancing the UK’s competitiveness, H.M. Treasury has released an Action Plan to reform regulation, focusing on cutting red tape for businesses. London insurance market organisations have responded positively to the UK Government's policy paper welcoming a ‘new approach to ensure regulators and ... Read the full article
Berenberg predicts ongoing rerating of insurers amid strong growth outlook
18th March 2025
Berenberg, a European investment bank known for its expertise in financial markets, has released a new report highlighting the changing outlook for the insurance sector. In a recent note, Berenberg suggests that insurers are now benefiting from a unique combination of strong cash flow, expanding technical margins, and sustainable top-line revenue ... Read the full article
AM Best highlights shifts in US P&C insurer ratings
17th March 2025
A new report from AM Best, a credit rating agency specialising in the insurance industry, reveals that US property and casualty (P&C) insurer rating downgrades declined to 43 in 2024, down from 55 the previous year, despite persistent challenges in the personal lines sector. The report, titled "US Property/Casualty: Rating Upgrades ... Read the full article
Cytora expands reach with availability on Google Cloud Marketplace
14th March 2025
Cytora, an AI-powered platform for risk digitisation, has announced its availability on Google Cloud Marketplace, expanding its reach to insurers, MGAs, reinsurers, and brokers. This move allows these organisations to automate risk processing, enhance capacity, decouple premium growth from cost increases, and gain better control over risk submission data. Google Cloud Marketplace ... Read the full article
Swiss Re remains resilient amid climate and economic challenges
13th March 2025
In the face of escalating climate disruption and persistent economic uncertainty, Swiss Re has demonstrated resilience, delivering a significant dividend increase for 2024 while managing claims exceeding $37 billion across the Group, Jacques de Vaucleroy Chairman of the Board of Directors and Andreas Berger, Group Chief Executive Officer, highlighted in ... Read the full article
Morningstar DBRS estimates up to $300m insured loss from North Sea oil tanker collision
12th March 2025
Morningstar DBRS, a credit ratings agency, estimates that total insured losses from the 10 February 2025 collision between the MV Solong and MV Stena Immaculate could range from $100 million to $300 million, following significant damage, a fire, and a fuel spill in the North Sea. While most of the crew ... Read the full article
ReFlex CEO Ching highlights Bermuda’s resilience & technology’s role in the future of reinsurance
10th March 2025
Neville Ching, Chief Executive Officer of reinsurance broker ReFlex Solutions, provides key insights into Bermuda’s thriving reinsurance market and its ability to adapt to increasing global challenges in an exclusive interview with Reinsurance News around the 2025 Bermuda Risk Summit. Bermuda’s reinsurance landscape continues to be an attractive hub for carriers ... Read the full article
Pool Re initiates consultation on reintegration of terrorism coverage for SMEs
10th March 2025
Pool Re, the UK’s government-backed reinsurer for terrorism-related risks, has launched a market consultation aimed at exploring the possibility of including terrorism coverage as a standard feature in commercial property insurance for small and medium-sized enterprises (SMEs). The consultation, which will run until April 2025, seeks input from Pool Re’s members, ... Read the full article
AM Best assigns credit ratings to Popular Re with stable outlook
10th March 2025
AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb” (Good) to Puerto Rican reinsurer Popular Re, with a stable outlook. The ratings reflect AM Best's assessment of Popular Re's strong balance sheet, adequate operating performance, limited business profile, and appropriate enterprise ... Read the full article
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