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
Reinsurance News
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
Re/insurance broker Miller expands in Asia with Miller Korea
Re/insurance broker Miller has strengthened its presence in Asia by launching Miller Korea, focusing on delivering global specialty expertise to the Korean market
Ariel Re’s third-party reinsurance capital platform ARCP completes funding
Ariel Re has completed the first fundraising round for its third-party capital vehicle, Ariel Re Capital Partners (ARCP), launched in 2024
Lloyd’s underwriter Aegis London launched a portfolio solutions division
Lloyd’s underwriter Aegis London has launched a portfolio solutions division to follow third-party underwriting expertise within the London market
Juniper Re entered the London market, appointing Nick Hawke as head of office
Juniper Re, the reinsurance broking arm of Baldwin Group, has entered the London market, appointing Nick Hawke as head of office
Polo Insurance Managers launched Clockwork Re in Guernsey
Polo Insurance Managers (PIM) is launching Clockwork Re, a Category 4 commercial general reinsurer, in Guernsey
IUA’s 2025 Plan: Tackling Technology, Sustainability & Digital Transformation in the London Market
The International Underwriting Association (IUA) has prioritized technology and sustainability risks as part of its 2025 business plan for London insurers
Swiss Re’s Board of Directors proposes Morten Hübbe and George Quinn for election
Swiss Re’s Board of Directors proposes Morten Hübbe and George Quinn for election as new members of the Board at the upcoming AGM on 11 April 2025
Reinsurance Group of America announced a strategic investment in PACT Capital
Reinsurance Group of America (RGA), a leading life and health reinsurer, has announced a strategic investment in PACT Capital LLC, an independent investment firm
Lloyd’s appoints Alexander Baugh as new Council Member
Lloyd’s announced changes to its Council, appointing Alexander Baugh as an independent nominated member, subject to regulatory approval
Lloyd’s London Bridge risk transformation platform reaches $1.92 bn capital milestone
Lloyd’s announced that its London Bridge risk transformation platform reached a capital deployment milestone
Natural catastrophe losses reach $417 bn, with $154 bn insured
Gallagher Re has estimated global economic losses from natural perils in 2024 at $417 bn. The insurance industry covered $154 bn, leaving a $263 bn protection gap
Africa Specialty Risks launched Africa Specialty Risks Mauritius as a Lloyd’s company
Africa Specialty Risks (ASR), a prominent (re)insurance group targeting Africa and the Middle East, has launched Africa Specialty Risks Mauritius as a Lloyd’s service company
LA Wildfires to trigger record losses without immediate rating impact on (re)insurers
Fitch Ratings states these losses are unlikely to impact the ratings of property and casualty (P&C) (re)insurers due to strong capital buffers, diversified risk exposure
Enstar’s Syndicate 2008 finalizes loss portfolio transfer deal with Atrium Syndicate 609
Enstar Group’s Syndicate 2008 has entered a loss portfolio transfer (LPT) agreement with Atrium Syndicate 609, managed by Atrium Underwriters
Insurance Australia Group secured a catastrophe reinsurance program for 2025
Insurance Australia Group Ltd. (IAG) secured a catastrophe reinsurance program for 2025 and provided up to A$10 bn ($6.25 bn) in coverage
Property catastrophe rates dropped globally during 1/1 reinsurance renewals
Property catastrophe rates dropped globally during the Jan. 1 reinsurance renewals, with the Asia-Pacific region experiencing the largest decline at 7.2%
Lloyd’s CEO John Neal will step down in 2025 to join Aon
Lloyd’s has confirmed that CEO John Neal will step down in 2025 after more than six years leading the world’s largest insurance and reinsurance marketplace
Swiss Re targets $4.4 bn net income for 2025
Swiss Re projects a net income exceeding $4.4 bn for 2025, alongside a goal of growing its annual dividend per share by at least 7% over the next three years
Prudential finalized an $11 bn reinsurance agreement with Wilton Re
Prudential Financial has finalized an $11 bn reinsurance agreement with Wilton Re, covering a significant portion of its guaranteed universal life
Helios Underwriting forecasts a reduced reinsurance capacity portfolio for 2025
Helios Underwriting forecasts a reduced reinsurance capacity portfolio for 2025, citing strategic shifts after trading in 2024 auctions and acquisitions
ConnectUW will take ownership of a Lloyd’s box for reinsurance
ConnectUW Holdings, the parent company of several specialist reinsurance managing agents, will take ownership of a Lloyd’s box
Munich Re is aiming for an IFRS net profit of €6bn in 2025
Munich Re is aiming for an IFRS net profit of €6bn in 2025. Group insurance revenue is expected to reach €64bn in 2025, and return on investment
Lloyd’s underwriter Ki Financial becomes standalone Fairfax Company
Brit said it Lloyd’s trading platform Ki Financial will operate as a standalone company within the Fairfax Financial Services group beginning Jan. 1, 2025
MetLife and General Atlantic will establish Chariot Re, a Bermuda-based Class E life reinsurer
MetLife and General Atlantic will establish Chariot Reinsurance, a Bermuda-based Class E life and annuity reinsurance firm, set to launch in 2025
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