News

The Supervisory Board of DEVK Rückversicherungs- und Beteiligungs-AG-DEVK RE has announced the appointment of Annette Hetzenegger and Dr. Fabian Pütz as new members of the Executive Board, effective June 1, 2025. Hetzenegger will be fully responsible for the DEVK Group’s investment division. While Pütz will be in charge of the reinsurance division and will remain […]

kWh Analytics, a provider of climate insurance, has partnered with Nextracker, a provider of solar tracking solutions, to help secure improved insurance terms for a solar project in Arkansas—cutting the severe convective storm deductible by 50%. This collaboration highlights the impact of combining smart technology with insurance models to better protect renewable energy investments. The […]

Reinsurance market dynamics are seemingly more favourable to buyers in 2025, with Palomar Holdings CEO Mac Armstrong reporting that all placements so far have exceeded the company’s initial forecast of flat to down 5%. “All placements to-date have come in better than our forecast of flat to -5%. When we put the flat to -5%, […]

Large European insurer Zurich took advantage of the “favourable price environment” at the April renewals and secured global aggregate reinsurance cover for lower layers, leveraging alternative, collateralised, and traditional capacity, Claudia Cordioli, Zurich Group Chief Financial Officer (CFO), said on today’s earnings call. After reporting a solid set of Q1 2025 results, with growth in […]

While the significant losses related to the California wildfires will impact the June/July reinsurance treaty renewals, they are not expected to be a major factor dictating SCOR’s overall price adjustments across its book of business, according to CEO Jean-Paul Conoscente. He stated: “The California wildfire payback will impact the June/July reinsurance treaty renewals, and I […]

Jim Murphy, Chief Actuary of the Texas Windstorm Insurance Association (TWIA), said during a Board meeting today that rates on line that the association is seeing in the market right now are flat, if not potentially down when compared with last year. At TWIA’s Board meeting held today, reinsurance funding was discussed, and it was […]

Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported a $1.3 billion decrease in net underwriting earnings across its insurance and reinsurance operations to $1.34 billion for the first quarter of 2025, compared with $2.6 billion in the prior year first quarter, amid significant losses from the Southern California wildfires. The carrier warned […]

In a strong message to the US Senate Committee on Banking, Housing, and Urban Affairs, the Reinsurance Association of America (RAA) has called for policies that bolster a resilient, competitive private insurance market and reject expanded government-run insurance programs. In a formal letter submitted by RAA President Frank Nutter during the committee’s hearing on “Examining […]

In their financial results for the first quarter of 2025, Fairfax Financial Holdings has reported net earnings of $945.7 million, which compares to the $776.5 million seen in the first quarter of 2024. The company attributed its strong performance mainly to increased net gains on investments, partially offset by decreased adjusted operating income of $685.5 […]

S&P Global Ratings, a provider of credit ratings and financial market insights, upgraded its outlook for MS Amlin AG (operating as MS Reinsurance) and MS Amlin Insurance SE (MS AISE) from “stable” to “positive.” This revision reflects the entities’ improved operational performance and the strategic developments within the MS&AD Insurance Group. S&P also affirmed its […]