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Profitability in the property and casualty (P&C) reinsurance industry appears to have peaked as competition intensifies across all business segments, credit ratings and risk analytics provider Moody’s Ratings said. Moody’s reports that by 2025, the combined ratios of Europe’s four largest reinsurers, Hannover Re, Munich Re, SCOR and Swiss Re, will benefit from falling claims…

Conflict in the Middle East has disrupted supplies of raw materials in the Strait of Hormuz, sending commodity prices soaring. According to a recent Coface dispatch, the conflict triggered a “stalemate” that has had a significant impact on the oil and gas, fertilizers, petrochemical derivatives and aluminum markets. “The current escalation in the Middle East…

Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden Group, has further strengthened its Latin America and Caribbean business with the appointment of Carlos Garcia as managing director and Karina Lopez as director. Howden Re said the appointments reflected growing demand for complex reinsurance solutions in both regions. Both executives are…

U.S.-based The Hartford Insurance Company has made multiple leadership updates across its international operations to continue to strengthen its position for long-term sustainable growth. Julian Samuel has been appointed head of first parties, responsible for leading the marine, energy and political violence and terrorism (PVT) businesses, as well as spearheading the company’s expansion into industrial…

Acrisure Re, the re/insurance arm of global fintech company Acrisure, has announced the promotion of Daniel Bruno to global head of actuarial management. In this new role, Bruno will unify Acrisure Re’s actuarial resources in New York, London, Toronto and Bermuda, further strengthening the company’s global platform and commitment to technology excellence and client partnerships….

The UK large annuity market is set to have its busiest year yet in 2025, according to Aon, a global professional services firm that provides advice and solutions on risk, retirement and health. Aon attributed the high level of activity to increased competition, particularly for smaller transactions, as well as continued interest from insurers across…

Technology-driven project management firm MISSION Underwriters has announced the launch of its Latin America platform and the appointment of Alejandro Pedroza to the newly created role of President, Latin America. MISSION’s Latin America platform, operating out of Miami, will focus on building specialized temporary reinsurance programs and expanding the company’s presence in key markets in…

Two recent jury verdicts against Meta and Google have drawn attention as early indicators of evolving liability risks. In separate cases, juries have found liability for certain damages on theories related to software platforms designed to drive long-term engagement. Moody’s emphasized that the verdict itself is only an early data point. The broader significance lies…

Hong Kong-based global reinsurer Peak Re (Peak Re) set out its assessment of the impact of the Iran conflict on the economy and re/insurance markets in a recent analysis led by Vice President and Economist Kritika Kashyap. Peak Re sees this situation not only as a geopolitical crisis, but also as a developing energy and…

Joseph Barrowclough has been appointed President of Bermuda Reinsurance for US insurance and investment company Prudential Financial Inc. (PFI), overseeing Gibraltar Re and Lotus Re. Gibraltar Re and Lotus Re are reinsurance companies headquartered in Bermuda and wholly owned subsidiaries of PFI. They act as an in-house reinsurer focused on managing the capital efficiency of…