Hannover Re reported net income of €480 mn for Q1 2025, down 13.9% YoY
Hannover Re reported a group net income of €480 mn for Q1 2025, down 13.9%, driven by large losses in its property and casualty reinsurance segment
Reinsurance News
Latest Global Reinsurance news & research of world’s reinsurance industry. Explore latest insights, trends & breaking reinsurance market news from Beinsure Media.
Reinsurance news covers the latest trends in the reinsurance sector and offers updates on key industry events, regulatory changes, and major transactions. It highlights significant deals, strategic shifts, and innovations impacting reinsurers. You will find information on reinsurance market dynamics, emerging risks, and the financial health of leading reinsurance groups. The content is tailored for industry professionals seeking timely and relevant insights to navigate the evolving reinsurance landscape.
Munich Re reported Q1 2025 net result of €1.1 bn
Munich Re reported a net result of €1.1 bn for the first quarter of 2025, maintaining its full-year profit guidance of €6 bn despite incurring around €1.1 bn in losses
Monument Re transferred a €1.4 bn reinsurance portfolio to RGA Americas Re
Monument Re Ltd. has transferred a €1.4 bn legacy reinsurance portfolio to RGA Americas Reinsurance, following regulatory and board approvals
IHC launches AI-based reinsurance platform in Abu Dhabi
Institutional investor IHC announced the launch of a new artificial intelligence-based reinsurance platform, headquartered in the Abu Dhabi Global Market
Lloyd’s appointed Patrick Tiernan as CEO, effective June 1
The Council of Lloyd’s has appointed Patrick Tiernan as the next chief executive officer, effective June 1, pending regulatory approval
Aon named Anthony DiLorenzo as head of US casualty for Reinsurance Solutions
Aon, a global professional services firm, named Anthony DiLorenzo as head of US casualty for Reinsurance Solutions
TWIA secures $500 mn credit line ahead of 2025 Hurricane Season
The Texas Windstorm Insurance Association (TWIA) board approved a $500 mn line of credit at its final meeting before the start of the 2025 hurricane season
Global insured losses could exceed $300 bn in a peak year – Swiss Re
Swiss Re warned that insured losses could exceed $300bn in a peak year, underscoring the essential role of the reinsurance sector, which holds $500bn in capital
Industry opposes Louisiana Bill to create state-backed catastrophe reinsurance fund
Industry groups are opposing House Bill 672 in the Louisiana House of Representatives, which proposes a state-run catastrophe reinsurance fund backed by state-issued bonds
Aegis, a Lloyd’s underwriter, offers terrorism coverage for U.S. businesses
Aegis, a Lloyd’s underwriter, announced it has increased the capacity of its Shield terrorism risk program to $500 mn from $250 mn
Bernhard Kaufmann will succeed Patrick Raaflaub as Swiss Re’s Group CRO
Swiss Re announced that Bernhard Kaufmann will succeed Patrick Raaflaub as Group Chief Risk Officer as of 1 October 2025
Lloyd’s market delivers strong investor returns amid shifting business mix
In 2024, Lloyd’s delivered strong returns to investors, with overall market profits just below the previous year’s record high
Swiss Re shareholders approve all proposals at Annual General Meeting
Swiss Re’s shareholders approved all motions put forward by the Board of Directors at today’s Annual General Meeting
Pool Re secures £100 mn in third catastrophe bond to expand private terrorism risk cover
Pool Re, the UK terrorism reinsurance provider, completed its third catastrophe bond placement—Baltic PCC Limited (Series 2025-1)
EC approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine
The European Commission approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine. Poland backs the scheme, which supports insurance
Swiss Re joins GAM to co-manage $3bn Cat Bond and ILS Funds
Swiss Re will begin co-managing GAM Investments’ $3bn insurance-linked securities (ILS) funds, including the GAM Star Cat Bond UCITS Fund
U.S. life insurers use reinsurance to improve capital efficiency
U.S. life insurers have recently transferred long-term care (LTC) insurance reserves to reinsurers to lower risk and reduce exposure
Hannover Re reported a strong performance in 2024: net income rises to EUR 2.3 bn
Hannover Re reported a strong financial performance in 2024, increasing its Group net income and proposing a 25% higher total dividend
Kin Interinsurance Network secures $300 mn Florida reinsurance via Hestia Re
Kin Interinsurance Network, managed by digital home insurtech Kin, has closed a $300mn catastrophe bond deal through Hestia Re
Hannover Re secured $20 mn cloud outage cat bond with Parametrix support
Hannover Re, an Europe’s top reinsurers, has secured $20 mn of retrocessional protection for losses from sustained cloud outages
The next phase of Lloyd’s Blueprint Two will be delayed beyond 2025
The next phase of Blueprint Two, an electronic platform developed by Lloyd’s and Velonetic, will be delayed beyond 2025
Lloyd’s underwriter Chaucer announced “Smart” consortium
Lloyd’s underwriter Chaucer Group announced an international direct and facultative property “Smart” consortium using InsurX’s exchange technology
NAIC Life Actuarial Task Force drafts new rules for offshore reinsurance accuracy
NAIC Life Actuarial Task Force is developing new rules to assess the accuracy of offshore reinsurance agreements
Lloyd’s Syndicate 1699 increased loss to £950 mn after exiting D&O business
Lloyd’s Syndicate 1699 reported a larger loss in 2024 after exiting directors and officers (D&O) and transactional liability business due to market softening
Lloyd’s reported a 6.5% increase in premiums written, raising to £55.5bn
Lloyd’s of London announces its full year 2024 financial result. 2024 saw the continuation of positive returns, with profit before tax of £9.6bn
Life reinsurers based in Bermuda have recorded increased activity as annuity sales rise in the U.S. and recent regulatory changes
European reinsurers recorded stronger return on equity (ROE) in 2023 and 2024, exceeding their cost of equity in three of the last four years
Global re/insurers reported improved underwriting results and capital positions. These gains came alongside rising uncertainty around reserve development and expanding loss gaps
Global reinsurers’ profitability will remain strong in 2025 despite lower risk-adjusted prices for most business lines when reinsurance contracts