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.
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
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
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