Marsh launches €1 bn facility Nimbus for data center construction risk in UK and Europe
Marsh has introduced a €1bn insurance facility named Nimbus to support clients involved in large-scale data center construction projects in the UK and Europe
Reinsurance News
Tokenized reinsurance can expand capital access and lower industry costs
Tokenization of real-world assets, particularly reinsurance contracts, offers an opportunity to expand capital sources in the insurance sector
Samsung Fire & Marine Insurance invested in Canopius $570 mn
Samsung Fire & Marine Insurance (SFMI) has agreed to invest an additional $570 mn in London-based Lloyd’s underwriter Canopius, acquiring a further 21% equity stake
NAIC advances disclosure rules for offshore life reinsurance
The NAIC Life Actuarial Task Force has endorsed disclosure-only asset adequacy testing guidelines for reinsurance
Start Network and Aon launched new reinsurance mechanism
Start Network, a coalition of over 50 humanitarian organisations, and Aon, a global re/insurance broker, have launched a new reinsurance mechanism
Patrick Tiernan sets strategic focus on profitability as new Lloyd’s CEO
Patrick Tiernan, newly appointed CEO of Lloyd’s, outlined his vision for the marketplace by stating that the organisation must prioritise sustainable profitability
Peak Re established Peak Reinsurance North America
Peak Reinsurance has established Peak Reinsurance North America, a new subsidiary based in Bermuda. The company will focus on casualty reinsurance
Swiss Re reported strong Q1 2025 results in P&C and L&H reinsurance
Swiss Re reported strong first-quarter results in both its property & casualty and life & health reinsurance businesses
Lloyd’s urges underwriting discipline amid insurance market fragility
With risk-adjusted rate changes falling and economic conditions unclear, Lloyd’s is pushing its underwriters to stay focused, especially in the expanding delegated business sector
Lloyd’s corporate affairs Director Rebekah Clement to step down
Lloyd’s announced that Rebekah Clement will leave her role as corporate affairs director to take on a new opportunity outside the organization
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
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
Swiss Re published its Annual Report and Sustainability Report
Swiss Re published its Annual Report 2024, Sustainability Report 2024 and the invitation for the upcoming Annual General Meeting of shareholders
EU Insurance markets could benefit from public-private reinsurance for climate risks
EU insurance markets could gain from a proposed public-private reinsurance scheme for climate-related losses
Property catastrophe reinsurance pricing to stabilize at US-focused renewal rounds
After a mixed pricing environment at the January 1, 2025, reinsurance renewals, Moody’s analysts expect property catastrophe reinsurance pricing to stabilize
Flood Re secured £140 mn in retrocession reinsurance coverage with catastrophe bond
Flood Re has secured £140 mn in retrocession reinsurance coverage with its first catastrophe bond, Vision 2039 – Series 2025-1
Re/insurance executives remain cautiously optimistic about 2025
Re/insurance executives remain cautiously optimistic about 2025, though expectations vary between property catastrophe and casualty lines
Lloyd’s updated FY2024 financial performance: GWP increased by 6.5% to £55.5 bn
Lloyd’s provides a trading update for its 2024 Full Year (FY24) financial performance. The full results will be released on 20 March 2025
Swiss Re reported a net income of $3.2bn for 2024, ROE of 15%
Swiss Re reported a net income of $3.2bn for 2024, with a return on equity (ROE) of 15%. Fourth-quarter net income reached $1.1bn
Twelve Capital and Securis Investment merge to form $8.5 bn global ILS manager
Twelve Capital and Securis Investment Partners have merged, forming a global insurance-linked securities (ILS) asset manager with $8.5bn
MNK Re launched an energy facility providing capacity of up to $50 mn for Latin America
MNK Re introduced an energy facility with a capacity of up to $50mn for small and medium-sized businesses across Latin America
Placing Platform: reinsurance electronic London Market platform showed strong performance
Placing Platform said its electronic London Market platform showed strong performance and service delivery during the peak Jan. 1 renewal season
Lloyd’s launched new EUR and GBP Enhanced Yield Liquidity funds
Lloyd’s of London announces the expansion of its Enhanced Liquidity Fund range for Strategic Cash Management on the Lloyd’s Investment Platform
Chariot Re may expand to cover third-party risks in the future
Chariot Reinsurance, a Bermuda-based reinsurer announced by MetLife Inc. and General Atlantic last year, may expand to cover third-party risks in the future
Lloyd’s underwriter Probitas expands political violence & accident/health coverage
Lloyd’s underwriter Probitas is expanding after its acquisition by Aviva plc, introducing political violence and terrorism (PVT) and accident/health (A&H) coverage
Convex Group, a specialty re/insurer, launched Lloyd’s Syndicate 1984
Convex Group, an international specialty insurer and reinsurer, has received in-principle approval to launch Lloyd’s Syndicate 1984
Fidelis secured 5% private placement at Lloyd’s on $3.1 bn IG P&I Clubs reinsurance treaty
Fidelis Partnership placed a 5% private placement at Lloyd’s on the $3.1bn reinsurance treaty for the International Group of Protection and Indemnity Clubs
Strong earnings in 2024 bolstered reinsurers’ capital positions and marked a return to normal prices
Bolstered capital from strong earnings in 2024 led to ample capacity and strong reinsurer capital positions, contributing to a more orderly renewal season
Bermuda re/insurers’ underwriting results to weaken in 2025 due to pressure on premium rates
Fitch Ratings expects Bermuda re/insurers’ underwriting results to weaken in 2025 due to pressure on premium rates and rising loss costs
Flood Re launches Flood Bus, named Flo, to promote flood resilience in Scotland
Flood Re is introducing a new Flood Bus, named Flo, as part of a national effort in Scotland to strengthen property-level flood protection and help communities prepare for future flooding
30% of the natural catastrophe budgets set by Europe’s reinsurers for 2025 may be eroded
Fitch Ratings estimates that 30% of the aggregate natural catastrophe budgets set by Europe’s big four reinsurers for 2025 may be eroded
TD Insurance launches C$150 mn catastrophe bond for Canadian reinsurance coverage
TD Insurance sponsored a new C$150 mn catastrophe bond to secure multi-year reinsurance capacity for earthquake and severe convective storm in Canada
Lloyd’s algorithmic platform Ki partnered with QBE to expand digital follow capacity
Lloyd’s algorithmic digital platform Ki has partnered with QBE Insurance Group to expand digital follow capacity
Lloyd’s of London appointed Alexandra Cliff as CFO
Lloyd’s has appointed Alexandra Cliff as Chief Financial Officer, effective May 1, 2025. Alex joined Lloyd’s as Deputy CFO in November 2022
Lloyd’s with Accenture & mea Platform launched a Summary of Coverage service
Lloyd’s, partnered with Accenture and mea Platform, has launched a local ‘Summary of Coverage’ service, available for free to all managing agents
Pen Underwriting expands partnership with QBE through a new £420 mn capacity
Pen Underwriting is expanding its multi-line strategic partnership with QBE through a new £420 mn capacity agreement
U.S. casualty reserve development poses major risk for reinsurers in 2025
Moody’s insurance executives have identified U.S. casualty reserve development as the biggest uncertainty for reinsurers in 2025
Discover how a secondary reinsurance market could improve capital efficiency, lower WACC, boost underwriting flexibility and support more efficient pricing
Global reinsurance pricing fell more than expected at Jan. 1, 2026 renewals, with abundant capital, weak catastrophe support, and easing terms
Reinsurance rates in several lines softened quicker than anyone expected this year, especially in casualty and cyber, yet trading conditions across the Lloyd’s market still look reasonably favorable
Re/insurance industry is showing strong momentum. Fund and Insure domain as the big opportunity—potentially generating $17 tn in gross value by 2035