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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 … [Read More...] about Pütz in charge of DEVK reinsurance division as he joins Executive Board

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 … [Read More...] about Zurich secures aggregate reinsurance amid ‘favourable price environment’

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 … [Read More...] about California wildfire losses won’t drive SCOR’s price adjustments at midyear renewals: CEO

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 … [Read More...] about TWIA says rates on line ‘potentially down’ as June 1 reinsurance renewal nearly placed

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 … [Read More...] about Berkshire Hathaway’s GEICO offsets underwriting losses at reinsurance and primary units in Q1’25

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 … [Read More...] about RAA urges US Senate to back smarter and resilient insurance strategies

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 … [Read More...] about Fairfax Q1’25 net earnings reach $945.7m despite increased cat losses

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 … [Read More...] about S&P revises outlook to positive for MS Amlin and MS Amlin Insurance on improved performance

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