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.
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
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
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