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.
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
Mt. Logan Capital Management names Sun Siang Liew as Chief Analytics Officer
4th March 2025
Mt. Logan Capital Management, Ltd., the third-party capital management arm of Everest Group, Ltd., has announced the appointment of Sun Siang Liew as Chief Analytics Officer. In this role, Liew will oversee portfolio management and actuarial analytics, reporting directly to John Modin, CEO of MLCM. “I am pleased to welcome Sun to ... Read the full article
P&C insurers to navigate continued natural catastrophe pressures: Fitch
3rd March 2025
Fitch Ratings, a provider of credit ratings, research, and analytics, forecasts that the property and casualty (P&C) insurance industry will continue to face challenges from volatile natural catastrophe risks in 2025. Despite these risks, Fitch believes that the industry's capital strength will enable re/insurers to absorb the impact of these losses, ... Read the full article
Klarity and Munich Re enhance life insurance underwriting with third-party data and wearables
3rd March 2025
Munich Re Life US, in collaboration with Klarity, a UK-based health data analytics firm, is pioneering the integration of third-party longitudinal data and wearable technology into life insurance underwriting to refine and improve risk assessments. The life insurance industry is experiencing a significant shift toward accelerated underwriting (AUW) programmes, driven by ... Read the full article
SageSure & SURE secure $520m of US named storm reinsurance with latest cat bond
28th February 2025
SageSure, a managing general underwriters focused on catastrophe-exposed markets, and SURE, a policyholder-owned reciprocal exchange, have closed the Gateway Re Series 2025-1 catastrophe bond at $520 million to provide US named storm reinsurance protection. This is the ninth cat bond issuance in the SageSure-supported Gateway Re, and it is considered the ... Read the full article
Blue Marble launches reinsurance facility to help expand parametric capacity
28th February 2025
Climate insurer Blue Marble has unveiled its new Impact Reinsurance Facility, aimed to help expand parametric climate protection for vulnerable communities worldwide. Backed by Zurich Insurance and a consortium of global reinsurers, this dedicated risk capacity solution aims to address the growing weather-related risks faced by underserved populations in Latin America, ... Read the full article
India has all the ingredients to become a reinsurance hub: G. Srinivasan, Galaxy Health & Allied Insurance
27th February 2025
According to industry experts, the combination of large carriers, a sizeable market, reinsurance talent, a long-standing insurance market history, and connections to other major markets globally, suggests India is poised to establish itself as a global reinsurance hub. During a recent panel discussion moderated by G. Srinivasan, Managing Director (MD) and ... Read the full article
AM Best: Casualty reinsurance faces financial strain amid rising litigation costs and social inflation
26th February 2025
Rising litigation expenses and increased jury awards are placing significant financial strain on the casualty reinsurance sector, leading some carriers to bolster their reserves and squeeze profit margins, according to a recent AM Best report. The Best’s Market Segment Report, titled “Casualty Reinsurance Capacity Remains Plentiful Amid Concerns,” highlights that reinsurers ... Read the full article
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
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