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.
Tariffs expected to impact loss costs, particularly in property and cargo: AXIS CEO
2nd May 2025
AXIS Capital, a provider of specialty insurance and reinsurance solutions, outlined the potential impacts of tariffs on its operations during its Q1 2025 earnings call. CEO Vincent Tizzio emphasised that while the company anticipates various uncertainties due to the current geopolitical environment, the most immediate impact from tariffs is expected to ... Read the full article
Kathleen Koh named Vice Chair of ICISA Asia Committee
2nd May 2025
Peak Re, a reinsurance company specialising in property and casualty, life, and health solutions, has announced that Kathleen Koh, Managing Director and Head of Underwriting, Credit and Bond, has been appointed Vice Chair of the Asia Committee of the International Credit Insurance & Surety Association (ICISA). This appointment recognises Koh's extensive ... Read the full article
Tokio Marine HCC International names Thibaud Hervy as CEO and Simon Button as CUO
1st May 2025
Tokio Marine HCC International (TMHCCI), the London-based subsidiary of insurance group Tokio Marine HCC, has announced a leadership transition as Thibaud Hervy steps into the role of Chief Executive Officer (CEO), subject to regulatory approval. Hervy previously held the position of Chief Underwriting Officer (CUO) for Specialty Lines. At the same time, ... Read the full article
Bermuda re/insurers continue to support US policyholders amid cat losses: BMA
1st May 2025
Bermuda-based re/insurers are expected to face gross claim losses nearing US$10 billion in payments to policyholders and cedants in the United States following the catastrophic January 2025 wildfires in Southern California. These fires, which have become the most costly wildfire disaster in US history, were intensified by hurricane-force winds and worsened ... Read the full article
Strong rate environment comes through in our level of return: Hiscox CFO
1st May 2025
Paul Cooper, CFO of specialist insurer Hiscox, said today that the company's strong level of return within London Market and Re & ILS is a reflection of the excellent rating environment over the past couple of years. Hiscox, a specialist global insurer with operations across commercial, reinsurance, and retail lines, remains ... Read the full article
Allstate posts 97.4% CoR for Q1’25 as record gross cat losses offset by $1.1bn of reinsurance recoveries
1st May 2025
The Allstate Corporation, a publicly held personal lines insurers in the United States, reported first quarter 2025 financial results reflecting a solid underwriting result and disciplined risk management, even in the face of severe weather events. The company led with robust performance in underwriting, reporting a Property-Liability underlying combined ratio of ... Read the full article
AXA XL expands cyber insurance solutions for SMEs with key appointment
30th April 2025
AXA XL, a re/insurance provider, is broadening its cyber insurance offerings for small and midsize enterprises (SMEs) by appointing Michelle Aliperti as Head of SME for the Americas. Based in New York, Aliperti will report to Michelle Chia, the Chief Underwriting Officer for Cyber, Design, and Select Professional at AXA XL. Aliperti ... Read the full article
Howden Re’s cyber risk report reveals 62% market share held by top 5 reinsurers
29th April 2025
Howden Re, the reinsurance, capital markets, and strategic advisory division of Howden, has released Into the Cyberverse, an in-depth report examining the future of cyber risk transfer and outlining the necessary structural changes for creating a sustainable, scalable market. The report assesses how cyber losses move through the reinsurance ecosystem and ... Read the full article
European insurers navigated tariff-driven sell-off with measured resilience: Autonomous
29th April 2025
From April 2, 2025—“Liberation Day,” when the US announced sweeping tariffs on European imports—through to the market close on April 9, European insurance stocks declined by 11%, broadly in line with the wider equity market. The move reflected wider investor unease around escalating trade tensions rather than any direct, material exposure ... Read the full article
US insurers surpass cost of capital despite elevated cat losses: AM Best
28th April 2025
In 2024, despite the continued challenge of high catastrophe losses, US insurers in the property and casualty (P&C), life and annuity (L&A), and health sectors successfully exceeded their cost of capital, according to a recent report by credit rating agency, AM Best. This was achieved through strong investment returns and effective ... Read the full article
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
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