Reinsurance

2025: Year in Review

December 19 2025

This year has been marked by cautious optimism – though geopolitical uncertainty, nat cat worries, and falling rates created challenges.

swiss-re-insured-nat-cat-losses-top-us100bn-for-sixth-consecutive-year

Insured nat cat losses top US$100bn for sixth consecutive year — Swiss Re

December 17 2025

The figure is 24% lower than the US$141bn recorded in 2024, but continues to sit well above long-term averages.

Bondi attack added to Australia's terrorism reinsurance pool after government declaration

December 16 2025

The ICA has also declared the Bondi incident a Significant Event to prioritise insurer support and track related claims.

xs-global-launches-hong-kong-based-apac-mgu

XS Global targets APAC with launch of Hong Kong unit

December 16 2025

Asia Pac unit will initially focus on inward facultative property, casualty, marine, and accident and health business.

ARPC seeks early loss notifications following Bondi Beach attack

December 16 2025

PM Albanese said the government would move quickly on a TCI Act declaration to enable insurers to compensate eligible business losses.

am-best-affirms-korean-re-ratings-as-portfolio-restructuring-lower-catastrophe-exposure-support-earnings

AM Best affirms Korean Re ratings as portfolio restructuring, lower cat exposure back earnings

December 15 2025

The reinsurer reported a 9.4% return on equity and a 91.5% net combined ratio in 2024.

wang-fuk-court-fire-expected-to-be-manageable-for-qianhai-re-despite-softer-premium-scale

Qianhai Re's Tai Po fire loss does not 'materially alter' operating assessment, as AM Best affirms ratings

December 12 2025

AM Best said Qianhai Re’s net retained loss from the Wang Fuk Court fire is manageable and does not impact its operating performance assessment.

ARPC to implement new postcodes for terrorism insurance premium tiers in 2026

December 12 2025

The changes follow a ministerial direction and will reclassify several postcodes on the edges of urban areas.

berkley-ifsc-becomes-first-pc-insurer-in-gift-city-with-dual-licences-reports

Berkley officially begins India operations, becomes first P&C insurer in GIFT City to operate under dual licences

December 12 2025

The insurer is targeting tailored risk solutions for India’s high-growth sectors, including pharmaceuticals, chemicals, technology, and infrastructure.

Munich Re looks to APAC life health and speciality lines at heart of new Ambition 2030 growth strategy

Munich Re puts APAC life & health and speciality lines at the heart of five-year growth strategy

December 11 2025

Business's new Ambition 2030 strategy aims to shift earnings away from volatile P&C reinsurance, while targeting €600m in annual cost savings by 2030.

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