Munich Re reported net result of €3.2 bn for H1 2025
Reinsurer Munich Re reported a preliminary net profit of €2.1 bn for Q2 2025 and a net result of approximately €3.2 bn for H1 2025
Reinsurance News
California proposes Federal Reinsurance Program to stabilize insurance and cut costs
California Democrat Sen. Adam Schiff introduced legislation to establish a federal catastrophic reinsurance program intended to stabilize state property insurance markets and reduce premiums
Ethena Labs partners with Re integrated real-world reinsurance via $sUSDe and $USDe
Ethena Labs, an established Ethereum-based synthetic dollar protocol, announced an exclusive collaboration with Re, a blockchain-based reinsurer that allows consumers to stake tokens
Coface Lloyd’s Syndicate 2546 is expected to begin underwriting in 2025
Trade credit insurer Coface SA announced it received in-principle approval from Lloyd’s to establish a new short-term trade credit syndicate, which will be managed by Apollo Syndicate
MS Amlin calls for an overhaul of pricing as climate risks increase
The London market re/insurer MS Amlin calls for an overhaul of pricing and resilience measures as climate risks increase
Atrium Underwriting acquired by CRC Insurance Group
Atrium Underwriting Group announced it has entered into an agreement to be acquired by independent brokerage and underwriting specialty insurance distributor CRC Insurance Group
U.S. property catastrophe reinsurance market shifts toward buyers
Aon reported that conditions in the U.S. property catastrophe reinsurance market continued to favor buyers at the mid-year renewals.
Florida reforms drive reinsurers to expand at mid-year renewals
Gallagher Re’s 1st View mid-year renewal report highlighted that recent legislative reforms in Florida encouraged reinsurers to write more broadly at mid-year renewals
Fortitude Re completed reinsurance transaction with Unum Life Insurance
Fortitude Re completed a reinsurance transaction through its subsidiary, Fortitude Reinsurance Company (FRL), with Unum Life Insurance Company of America
Ariel Re sponsored 5th catastrophe bond, Titania Re 2025-1, securing $150 mn
Global reinsurer Ariel Re sponsored its 5th catastrophe bond, Titania Re 2025-1, securing $150 mn of multi-peril retrocessional reinsurance protection over four years
Chariot Re would improve MetLife’s capital flexibility and allow growth
MetLife and General Atlantic announced in December the creation of Chariot Re, a Bermuda-based reinsurer that initially reinsures approximately $10 bn of annuities
Lloyd’s welcoms removal of Section 899 from the U.S. reconciliation bill
Lloyd’s Chair, Sir Charles Roxburgh, issued a statement welcoming the removal of Section 899 from the reconciliation bill by the U.S. Treasury and Congress
Coalition launched the Helios platform through its reinsurance arm, Coalition Re
Coalition, the first Active Insurance provider focused on digital risk prevention, has launched the Helios platform through its reinsurance arm, Coalition Re
ILS and collateralised markets dominate Citizens’ $4.49bn 2025 risk transfer programme
Florida Citizens Property Insurance Corporation has finalized its 2025 risk transfer programme, securing $4.49bn in total coverage, with insurance-linked securities
Reinsurance strength and risk management key for insurers amid Iran-Israel War
Morningstar DBRS has warned that insurers with strong reinsurance protection, conservative investment portfolios, and active enterprise risk management (ERM) frameworks
Kin Insurance finalizes $1.65 bn reinsurance program across key markets
Kin Insurance has completed its reinsurance placements for the term covering June 1, 2025, through May 31, 2026, for the reciprocal exchanges
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
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
How Lloyd's institutional structure supports re/insurance underwriting across marine, aviation, energy, cyber and other complex insurance classes
Global insurance-linked securities market reached $145 bn in 2026, supported by record catastrophe bond issuance, 12.5% investor returns and expanding reinsurance sidecars
Global reinsurance capital reached $800 bn in 2026 as expanding capacity, lower property pricing and stronger catastrophe bond activity favor buyers
Insurance regulators in the US, UK and Japan are strengthening oversight of asset-intensive reinsurance, targeting counterparty credit risk, recapture reserve adequacy