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.
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
Strong performance for global P&C reinsurers in 2024, with challenges ahead: Morningstar DBRS
3rd April 2025
Morningstar DBRS, a provider of credit ratings, research, and risk analysis, highlights that global P&C reinsurers delivered strong profitability in 2024, driven by favourable underwriting conditions and solid investment income, but warns of potential challenges ahead amid market volatility, geopolitical risks, and natural catastrophe events. Morningstar DBRS has shared commentary on ... Read the full article
Marsh McLennan Agency expands with acquisition of Arthur Hall Insurance
3rd April 2025
Marsh McLennan Agency (MMA), a division of Marsh and a provider of business insurance, employee benefits, retirement and wealth services, and private client insurance across the US and Canada, has acquired Arthur Hall Insurance, an insurance agency based in West Chester, Pennsylvania, with financial details of the acquisition not disclosed. Founded ... Read the full article
Reinsurers willing to deploy additional capacity at Asia April 1 renewals: Aon
1st April 2025
Aon, a global risk management and professional services firm, has released its 2025 April Reinsurance Market Dynamics Report, detailing favourable conditions for buyers during the April 1 renewals, a period heavily focused on Asia and particularly Japan. According to Aon, reinsurers displayed a strong willingness to deploy additional capacity at this ... Read the full article
Health and safety risks are top priority for 80% of directors and officers: Willis
1st April 2025
Willis, a WTW business, has revealed that health and safety risks remain a leading priority for directors and officers across the globe. According to the latest Directors and Officers Liability Insurance Survey, 80% of respondents consider these risks to be either very important or extremely important to their organisations. This survey ... Read the full article
Talcott enters major reinsurance agreement with Japan Post Insurance
28th March 2025
Talcott Financial Group, a life insurance provider specialising in risk solutions, has announced a reinsurance agreement between its subsidiary, Talcott Life Re, Ltd., and Japan Post Insurance Co., Ltd. As part of the transaction, Talcott Life Re will reinsure a ¥550 billion ($3.6 billion) portfolio of in-force payout annuities, while Japan ... Read the full article
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