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.
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
Cavello Bay Re receives A (Excellent) financial strength rating from AM Best
7th March 2025
AM Best, the credit rating agency, has assigned Cavello Bay Reinsurance Limited, a subsidiary of Enstar Group Limited based in Bermuda, a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent), while both ratings come with a stable outlook. These ratings reflect Cavello Bay’s robust ... Read the full article
US life insurers set to benefit from continued growth in private credit: Moody’s
6th March 2025
According to Moody's Ratings, US life insurance companies have significantly increased their participation in the private credit market in recent years. This shift is primarily driven by partnerships with alternative asset managers (AMs), who have brought substantial expertise and capital to the sector. As a result, insurers have gained access to a ... Read the full article
RenRe launches new property cat bond fund Medici UCITS
6th March 2025
RenaissanceRe has launched a new Irish domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund, a sub-fund of RenaissanceRe Medici ICAV (Medici UCITS). The Medici UCITS fund, established under European regulation, offers European and global investors a gateway to RenaissanceRe's proven catastrophe bond investment strategy. The RenaissanceRe Capital Partners team will act ... Read the full article
WTW partners with KIT and NASA to enhance hail risk modelling
6th March 2025
WTW, an advisory, broking, and solutions company, has announced the continuation of its long-standing collaboration with the Karlsruhe Institute of Technology (KIT), alongside NASA’s Disasters Program and the NASA Langley Research Center. The partnership will focus on advancing the understanding and modelling of hail risk, leveraging more than a decade of ... Read the full article
Miller appoints senior hires to launch new M&A and Strategic Solutions team
6th March 2025
Miller, the independent specialist re/insurance broker, has announced the appointment of three senior professionals to its newly established M&A and Strategic Solutions (MASS) team. The newly formed team will be led by Andrew Johnson and Edwina Charlton, both of whom bring extensive expertise in the M&A and insurance sectors. Joining them is ... Read the full article
Moody’s reports 7,112 wildfires in 2025, highlighting expanding threat across US
6th March 2025
According to Firas Saleh, Director of Wildfire Models for North America at Moody’s, a credit rating agency and provider of financial analysis, the United States has already seen 7,112 wildfires in 2025—around a 37% increase over the 10-year average for the same period. This rise in wildfire activity is not a ... Read the full article
Howden Re welcomes Nicolò Forcellini as Director, DACH London team
5th March 2025
Howden Re, a global reinsurance broker, has recently announced the appointment of Nicolò Forcellini as a Director at Howden Re Fac, where he will be joining the DACH London team. Forcellini will work under the leadership of Tom Sharman, Managing Director of Howden Re Fac. Sharman commented: "Nicolò’s appointment further strengthens our ... Read the full article
Hiscox reinstated retro and bought additional cover after LA wildfires
4th March 2025
The start of 2025 saw several wildfires impact the Greater Los Angeles area, causing loss of life and widespread destruction, with insurance industry losses currently coalescing around the $40 billion mark, leading Hiscox to tap its retrocession coverage. Specialist insurer Hiscox recently reported that its own losses from the wildfires, projected ... Read the full article
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