Archive for July, 2025

US primary insurer Allstate has purchased a new aggregate reinsurance cover for its US homeowners business at the mid-year renewals, adding what is a new protection feature for the company that covers events greater than $1 million and will provide $325 million of placed aggregate limit, across a $500 million layer excess of a $3.5 […]

Adaptive Insurance and Whisker Labs have partnered to deliver parametric power outage insurance using real-time grid data, to deliver protection faster when power failures and outages occur.

Ascot Group, the specialist global re/insurance underwriter, has now confirmed the earlier news on the launch of a new casualty reinsurance sidecar partnership, with the Wayfare Re vehicle expected to be capitalised by equity investments from Antares Capital and Ascot, at a transaction size of approximately $500 million.

Everest Group, the global insurance and reinsurance specialist, acknowledged rising competition across reinsurance, but its CEO Jim Williamson highlighted that pricing on its mid-year renewal portfolio was roughly flat, with preferential rates and terms achieved, while he sees the property catastrophe market as still disciplined and the market as still “very hard”.

According to report from the Wall Street Journal, Ascot Group, the specialist global re/insurance underwriter, is partnering with credit focused investor Antares Capital to launch a Bermuda based reinsurance sidecar vehicle named Wayfare Re, that the report suggests will have a casualty focus.

Aon has announced some senior promotions within its Reinsurance Solutions division, with Andrew Laing to become UK CEO for Reinsurance and Rupert Moore taking on a new role as CEO of Reinsurance for Asia Pacific and Chairman of the Strategy and Technology Group for that region.

Descartes Underwriting, a specialist underwriter of parametric risk transfer opportunities, has strengthened its Asia Pacific leadership team, promoting Ben Qin to Head of Asia Pacific and WeeBeng Seow to acting Head of Southeast Asia.

Thierry Léger, the CEO of global reinsurer SCOR, said this morning that his company is preparing for a January 2026 reinsurance renewals that could be even more competitive than it was earlier this year.

Nephila Capital, the insurance-linked securities (ILS) investment manager arm of Markel, has written 75% more in property catastrophe reinsurance premiums in the second-quarter of 2025, as the ILS manager continues to do more with less since its integration into the Markel business.

Catastrophe data aggregator and industry-loss reporting service provider PERILS AG is to expand its coverage for severe convective storm (SCS) events and begin reporting insurance industry losses for SCS events in Europe, Japan and New Zealand.