Asian Re’s ratings raised amid return to profitability
AM Best has raised the financial strength rating of Asian Reinsurance Corporation (Asian Re) from B+ (Good) to B++ (Good).
Swiss Re posts higher net income in Q1
Swiss Re reported a net income of US$1.3 billion for the first quarter of 2025, up from US$1.1 billion in the same period last year. The group posted a return on equity (ROE) of 22.4%, compared with 20.7% in Q1 2024. The company attributed the result to consistent underwriting performance across its businesses, supported by investment income and a 14% tax rate.
Guy Carpenter forecasts 2025 hurricane season
Guy Carpenter has released its 2025 North Atlantic hurricane season outlook, forecasting an active season with named storm totals expected to exceed long-term averages. The projection anticipates storm counts significantly above the 1950–2023 average and higher than those recorded during the active period from 1995–2023.
France’s reinsurance plan for wine and spirits exports
The European Commission has authorized a temporary measure allowing France to extend state-backed reinsurance for wine and spirits exports to the United States.
SCOR posts strong Q1 results
SCOR has reported net income of €200 million for the first quarter of 2025 (€195 million adjusted), with results supported by performance across its property and casualty (P&C), life and health (L&H), and investment operations.
Greenlight Re grows premiums in Q1, 2025
Greenlight Capital Re has released its financial results for the first quarter ending March 31, 2025, reporting year-over-year increases in gross premiums written and investment income, while also posting a net underwriting loss impacted by catastrophe exposure.
Peak Re gets second-highest net profit in firm’s history
Peak Reinsurance Company has announced its financial results for the full year ending Dec. 31, 2024, recording a net profit after tax of US$187 million. The result marks the second-highest annual profit in the company's 12-year history.
Understanding the cyber risk gap in reinsurance
Shawn Ram, head of insurance for Coalition, the active insurance provider, says “We believe cyber is the most pervasive risk in society today.” The task of understanding systemic cyber risk exposures was never going to be a simple one – not least given the rapidly evolving nature of cyber risk.
Ryan Specialty reports record revenue growth in 2024
Ryan Specialty Holdings has announced record financial results for the fourth quarter and full year ended Dec. 31. Its total revenue grew 24.5% while organic revenue increased 11.0%.
Global climate disasters hit record $320bn
The year 2024 has proven to be one of the most devastating years for natural disasters. An analysis from insurance company Munich Re shows that total losses reached $320 billion worldwide, marking it as the fifth costliest year since 1980.