Oka Syndicate expands carbon insurance operations into Singapore’s climate market
Carbon insurer Oka opens in Singapore with Lloyd’s approval, aiming to back carbon trading, green finance, and transition projects across Southeast Asia
Reinsurance News
Bank of England tightens stance on funded reinsurance amid booming UK annuity market
The BoE signals tougher oversight of funded reinsurance and offshore financing, citing systemic risk and capital arbitrage in life insurers’ annuity deals
Acrisure London Wholesale forms broking partnership with Israel’s Madanes
Acrisure London Wholesale partners with Madanes, Israel’s largest broker, to provide Lloyd’s and London market access for complex placements
Atlantic hurricane season reliably drags reinsurer and London Market insurer stocks lower
Autonomous finds hurricanes rarely dent reinsurer stocks long term—pricing cycles, diversification, and discipline matter far more than storm counts
Re/Insurance brokers push reinsurers to ease terms, but strong capital keep profitability
Berenberg says brokers push reinsurers to ease terms, but strong capital and volume growth keep profitability above cost of capital despite margin squeeze
JP Morgan: quiet hurricane season could lift reinsurer earnings by 13%
JP Morgan says a benign Atlantic hurricane season may boost reinsurer profits up to 13% in 2025, despite softening property catastrophe rates
Canopius entered into a strategic partnership with insurtech Kalepa
Canopius has entered into a strategic partnership with Kalepa, an underwriting technology company, to supercharge its U.S. operations
Third Point completes Malibu Life Re acquisition, targets $5 bn premiums by 2027
Third Point Investors finalizes Malibu Life Re deal, issues new shares, and sets sights on $5bn annual premiums with strong U.S. annuity market tailwinds
Aviation insurance faces losses but capacity remains stable
Guy Carpenter says aviation insurers face rating pressure and claims volatility, yet ample reinsurance capacity supports stable renewals into 2025
PwC: Reinsurance could add $17 tn value by 2035 amid climate and tech shifts
PwC says reinsurers may create $17tn by 2035, moving from capital backstops to resilience orchestrators as climate, cyber, and systemic risks reshape markets
Reinsurers’ buffer reserves may fuel profit growth until 2027
Berenberg says reinsurers’ use of buffer reserves from 2023–24 gains could keep reported profits rising until 2027 despite softening catastrophe pricing
Apollo pushes ‘Turnkey Plus’ strategy, expands syndicate partnerships at Lloyd’s
Apollo grows its Lloyd’s platform with new syndicate partnerships, underwriting expertise, and a long-term “Turnkey Plus” strategy for re/insurance partners
Ariel Re secures Lloyd’s approval for new syndicate, splits business lines
Ariel Re gains Lloyd’s approval for Syndicate 2006, expands into cyber, clean energy, marine, while Syndicate 1910 focuses on property catastrophe
Fitch: APAC reinsurance pricing stays soft in 2025, risks mount into 2026
Fitch says APAC reinsurance pricing will stay soft in 2025 amid rising capacity, but climate risks and competition could pressure margins ahead of 2026
Ryan Specialty and Axis Capital launch $900 mn reinsurance sidecar for RSUM
Ryan Specialty teams with Axis Capital to create RAC Re, a $900mn collateralized reinsurance vehicle backing RSUM’s delegated authority platform
Fitch warns reinsurance competition squeezing earnings in Latin America
Fitch flags soft pricing, sovereign risk, and a wide protection gap despite steady demand for catastrophe cover
Hannover Re sees stable reinsurance demand despite geopolitical risks
Hannover Re highlights shipping incidents, aviation shifts, and strong ILS activity as markets stay competitive through 2025
Swiss Re flags AI, catastrophe risks, and geopolitics at Monte Carlo talks
Swiss Re says this year’s reinsurance renewals face pressure from rising natural catastrophe losses, geopolitical fragmentation, and fast-moving AI adoption
Apollo secured Lloyd’s approval for ReShare Syndicate 1972, launching 2026
Apollo has secured “in principle” approval from the Lloyd’s Council to establish Apollo ReShare Syndicate 1972, with underwriting slated to begin on Jan. 1, 2026
Insurtech Optalitix extends pricing platform to reinsurance with new quote tools
Insurtech Optalitix has expanded its pricing platform, Optalitix Quote, to serve the reinsurance market, adding tools to model treaty and facultative quotes, manage data
Lloyd’s results for H1 2025: premium increasing by 6.2% to £32.5 bn
Lloyd’s of London announced its results for the first six months of 2025 with gross written premium increasing to £32.5bn (HY 2024: £30.6bn) and a combined ratio of 92.5%
Gallagher Re to acquire Steadfast Re, expanding in Australia & Asia Pacific
Gallagher Re, the reinsurance broking arm of Arthur J. Gallagher, has agreed to acquire Steadfast Re, the Sydney-based reinsurance broker launched a decade ago
Skyward Specialty to acquire Lloyd’s platform Apollo in $555 mn deal
Skyward Specialty Insurance Group has agreed to acquire 100% of Apollo Group Holdings Limited for $555 mn, marking a significant expansion
Lloyd’s pushes Blueprint Two launch to 2028 as market frustration mounts
Lloyd’s of London will delay its Blueprint Two re-platforming project until at least 2028, with market testing not expected before 2026
Aon and Moody’s warn casualty risks could add $5 bn to reinsurance premiums
Aon has launched a casualty sector update developed with Moody’s, forecasting that emerging risks could generate around $5 bn of reinsurance premium annually
Cavello Bay Re sues Aspen over $400 mn reinsurance dispute
Cavello Bay Reinsurance, a Bermuda-based subsidiary of Enstar Group, has filed a $400 mn lawsuit against Aspen Insurance Holdings and several affiliates
P&C reinsurance in Europe hits profitability peak with 81.5% combined ratio
Fitch Ratings said Europe’s four largest reinsurers have reached peak profitability in property and casualty (P&C) reinsurance, reporting a record-low average combined ratio of 81.5%
Howden warns of potential aviation reinsurance market firming in Q4 2025
Howden analysts say a series of high-profile aviation losses in 2025 may shift pricing conditions heading into the fourth quarter
Lemonade reduces quota share reinsurance from 55% to 20%
Lemonade is scaling back its quota share reinsurance from roughly 55% to 20%, a move driven by stronger capital generation and improved underwriting performance
Swiss Re reports $2.6 bn H1 2025 profit, maintains full-year targets
Swiss Re posted a Q2 2025 profit of $1.3bn, bringing net income for the first half to $2.6bn and delivering a return on equity of 23%
Re/insurance industry is showing strong momentum. Fund and Insure domain as the big opportunity—potentially generating $17 tn in gross value by 2035
Global reinsurance market has entered a post-peak pricing phase, with earnings expected to moderate in 2025–2026
The global reinsurance sector has undergone a notable transformation since the market reset, drawing sustained attention from investors and analysts
Reinsurance pricing in the European reinsurance market has started to ease after several years of steep increases. Still, underwriting standards remain strong