Latest Reinsurance Headlines
All the headlines from our Reinsurance Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Acquires Philippines-Based Re/Insurance Broker Philinsure
Mar 10 2025 // Arthur J. Gallagher & Co. announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers Inc., dba Philinsure, following a minority investment in the business. Terms of...
Gallagher Re Launches Cyber Risk Adjusted Rating Index to Track Reinsurance Rates
Mar 7 2025 // Gallagher Re, the reinsurance brokerage unit of Arthur J. Gallagher & Co., announced it has launched a Cyber Risk Adjusted Rating (RAR) Index, which is designed to measure the change in reinsurance prices adjusted for...
People Moves: Miller Taps SCOR’s Foucart as Managing Director in Reinsurance Practice; Acrisure Re Corporate Advisory & Solutions Appoints 4 Senior Hires
Mar 7 2025 // This edition of International People Moves details appointments at the brokers Miller and Acrisure Re. A summary of these new hires follows here. Miller Taps SCOR’s Foucart as Managing Director in Reinsurance...
UK Terrorism Reinsurer Pool Re Completes Expanded Retrocession Placement of £2.75B
Mar 3 2025 // Pool Re, Britain’s government-backed terrorism reinsurer, has completed placement of a new retrocession programme with more than 60 international reinsurers. The placement provides £2.75 billion ($3.5 billion)...
Casualty Reinsurance Capacity Is Plentiful but Availability Crisis Could Be Looming
Feb 28 2025 // Reinsurers continued to provide ample casualty reinsurance capacity through the recent January 2025 renewal season – despite concerns about adverse reserve development — however, an availability crisis could be...
People Moves: Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe; BMS Re Appoints Hughes and Bartell From Howden Re for Non-Marine Reinsurance
Feb 27 2025 // This edition of International People Moves details appointments at Beazley and BMS Re. A summary of these new hires follows here. Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe Beazley, the...
Casualty Reinsurance Still Attractive: Arch Capital CEO
Feb 19 2025 // While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his company. Speaking during an...
RiverStone Int’l Signs Reinsurance-to-Close Deal With Asta for 2022 Year of Account
Feb 18 2025 // RiverStone International, the legacy acquisition company, announced it has signed a reinsurance-to-close contract with Asta Managing Agency, under which the 2022 underwriting year of account of Hampden Risk Partners (HRP)...
Specialty Re/Insurer Convex to Enter Lloyd’s With Syndicate 1984
Feb 14 2025 // Convex Group Ltd., the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1984, which will commence underwriting in April 2025. Convex said it...
Andover Companies Among Investors in Reinsurance Startup Mereo
Feb 14 2025 // The Andover Companies, a long-standing mutual insurance group in the Northeast, is among the investors in Mereo Insurance, a Bermuda-based (re)insurance startup chaired by former AIG Executive Chairman and CEO Brian...
AIG’s Zaffino Talks More on Insurer-Reinsurer Balance as $200B Cat Year May Loom
Feb 13 2025 // American International Group CEO Peter Zaffino used the insurer’s fourth quarter earnings call to again talk about reinsurance attachments points, throwing in the possibility 2025 could be the year for $200 billion...
Ex-AIG Chief Duperreault Secures $700M for Mereo Reinsurance Startup
Feb 11 2025 // Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more than $700 million to fund its new reinsurance operations. The company...
Property-Catastrophe Reinsurance Rates Will Stop Dropping Post Wildfires: Execs
Feb 3 2025 // RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should halt the drop in property-catastrophe reinsurance prices observed at...
Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers
Jan 27 2025 // Reinsurance buyers generally found ample capacity during January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate reductions and improved terms and conditions for clients that could...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch
Jan 24 2025 // The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR, according to a Fitch...
FEMA Transfers $758M in US Flood Program Risk to 27 Private Reinsurers
Jan 21 2025 // The Federal Emergency Management Agency (FEMA) said its reinsurance renewal for the National Flood Insurance Program (NFIP) included the transfer of nearly $758 million to the private market through the use of 27...
Broker Juniper Re Enters London With Industry Veteran Hawke at Helm
Jan 17 2025 // Juniper Re LLC, the specialist reinsurance broking arm of The Baldwin Group, announced its entry into the London market, appointing industry veteran Nick Hawke as head of office. With more than four decades of reinsurance...
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?
Jan 16 2025 // There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and reinsurance has a...
A Los Angeles Actuary on Lessons From the Palisades Fire
Jan 16 2025 // I watched as the skies over my home in Los Angeles turned an apocalyptic orange on January 7, 2025, as wildfires raged across the state. Among the most devastating, the Palisades Fire consumed thousands of acres, leaving a...
Update: Re/Insurer Losses From LA Wildfires Expected to Be Significant but Manageable
Jan 10 2025 // Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses in the affected communities. However, those losses are likely to be manageable for...
