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.
S&P revises AXA’s outlook to positive, affirms key ratings
25th February 2025
S&P Global Ratings, a provider of credit ratings, research, and risk analysis, has revised its outlook on AXA Group, an insurance and asset management company based in France, from stable to positive, reflecting the carrier's anticipated profitability growth and capital-light strategy. Additionally, S&P affirmed its 'AA-' long-term insurer financial strength and ... Read the full article
Oxbridge Re prices $3m registered direct offering and private placement
25th February 2025
Oxbridge Re, together with its subsidiaries, has announced a $3.0 million registered direct offering and concurrent private placement. The company has entered into a securities purchase agreement with a single institutional investor for the purchase of 705,884 ordinary shares in a registered direct offering. Concurrently, Oxbridge Re will issue unregistered Series A ... Read the full article
Westfield Specialty expands marine team with underwriter Ben Beaumont
24th February 2025
Westfield Specialty International, a provider of specialty insurance and reinsurance solutions, has bolstered its marine team with the appointment of Ben Beaumont as a cargo underwriter. Based in London, Beaumont will work closely with Matt Jenkins, Class Underwriter for Cargo, as part of the company’s efforts to strengthen its capabilities in ... Read the full article
Specialty Risk Re completes $50m institutional funding round
20th February 2025
Specialty Risk Re (SRR), a collateral reinsurance company, has successfully closed its $50 million institutional funding round, led by private equity firm NMS Capital Group. SRR will use the funds to address the growing shortage of reinsurance capacity, offering program carriers and managing general agents (MGAs) a “reliable and well-capitalised partner” ... Read the full article
Twelve Securis predicts insurance sector’s resilience amid tariff risks, but warns of indirect impacts
19th February 2025
Twelve Securis expects the insurance sector to remain largely insulated from recent US tariff increases, though indirect effects may still emerge. Unlike industries such as manufacturing, agriculture, and consumer goods—where trade restrictions have a direct impact—Twelve Securis emphasises that the insurance sector is primarily driven by underwriting risk and investment management. Given ... Read the full article
Strong deal momentum accelerates growth for Somerset Re
19th February 2025
Somerset Re, a provider of reinsurance solutions for global life insurance and annuity business, has experienced quick growth as it enters 2025 with strong deal momentum. Over the last decade, the reinsurer has had a strong history of successful deal execution which has contributed towards building a well-diversified book across the ... Read the full article
Berkley Re launches new Turnkey Solutions Division to drive progress in reinsurance
18th February 2025
Berkley Re, a provider of reinsurance solutions, has announced the launch of its new division, Berkley Re Turnkey Solutions, designed to deliver reinsured turnkey solutions for carriers, Managing General Agents (MGAs), Program Administrators (PAs), and InsurTech companies. This division will focus on expanding Berkley Re's reinsurance portfolio through scalable, easy-to-implement solutions, ... Read the full article
MS Re’s FY’24 Q3 result boosted by strong underwriting and investment performance
14th February 2025
MS Reinsurance (MS Re), a global reinsurance provider, delivered strong financial growth in the first nine months of fiscal year 2024, driven by solid underwriting performance, significant premium expansion, and strong investment gains. MS Re’s underwriting performance remained strong, with insurance service profit rising to $215 million, an increase of $56 ... Read the full article
Arch eyes reinsurance growth amid “attractive” returns: CEO Papadopoulo
13th February 2025
Global insurer and reinsurer Arch Capital is looking to write more property reinsurance business as returns seem attractive, CEO Nicolas Papadopoulo commented following the release of the company’s financial results for the fourth quarter and full year 2024. "We like the business (reinsurance). Absent the competitive nature and other people ... Read the full article
Palomar reports strong 23% growth in premiums for Q4’24
13th February 2025
Palomar Holdings, Inc., a specialty insurer, posted strong underwriting performance in 2024, with significant increases in premiums and underwriting income, driving robust financial performance for the fourth quarter and full year. In the fourth quarter 2024, Palomar saw impressive growth in its underwriting operations. Gross written premiums surged 23.3%, reaching $373.7 ... Read the full article
Potential $200bn of insured cat losses could recalibrate the entire industry: AIG CEO
12th February 2025
During global insurer AIG's full-year 2024 earnings call, CEO Peter Zaffino provided a sobering outlook for the insurance and reinsurance industry, forecasting that after the extremely costly Los Angeles wildfires, 2025 could see insured catastrophe losses surpass $200 billion. This outlook follows the release of the company’s strong ... Read the full article
Mercury’s CoR strengthens as premiums rise in 2024
12th February 2025
Mercury General Corporation, a provider of auto and homeowners insurance, reported robust underwriting growth in the fourth quarter of 2024, reflecting continued premium expansion and improved profitability. The company achieved strong growth, with net premiums earned rising to $1.35 billion in Q4 2024, a 18% increase from $1.14 billion in the ... Read the full article
YOU RE launches as full-service reinsurance MGU for US niche & casualty risks
11th February 2025
YOU Re has launched as a full-service managing general underwriter (MGU) specializing in Casualty, non-catastrophe Property, Professional Liability, and Cyber lines in the US. The MGU, founded by Yury Braun, will leverage deep industry expertise and advanced technology to provide capacity to underserved market segments, aiming to optimise risk assessment and ... Read the full article
Converge expands cyber insurance capacity through partnership with Obsidian
10th February 2025
Converge Insurance, a company specialising in cyber risk management and underwriting, has secured underwriting capacity from Obsidian Insurance Group, strengthening its ability to provide comprehensive cyber coverage for businesses with up to $1 billion in revenue. Backed by a panel of top-tier reinsurers, this partnership reinforces Converge’s commitment to offering tailored, ... Read the full article
AM Best highlights strain on re/insurers from California wildfires and rising FAIR Plan policies
10th February 2025
AM Best, a credit rating agency specialising in the insurance sector, reports that the recent surge of wildfires across Southern California has deepened existing challenges for insurers, worsening underwriting performance, increasing reinsurance exposure, and destabilising the market. Since January 7, 2025, over 30 wildfires—including the Palisades and Eaton fires—have scorched the ... Read the full article
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