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5 days ago | 
reinsurancene.ws | Kane Wells
ICEYE, a global leader in Synthetic Aperture Radar (SAR) satellite operations, has successfully launched and deployed six new SAR satellites into orbit, further expanding its constellation and capabilities. ICEYE revealed that satellites in this latest launch were integrated via Exolaunch and were part of the Transporter-14 rideshare mission with SpaceX from Vandenberg Space Force Base in California, USA.
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5 days ago | 
reinsurancene.ws | Kane Wells
MSIG USA, a provider of specialty insurance solutions, has named Jayson Taylor as head of casualty, reporting to CEO Peter McKenna. Since joining the firm in 2024, Taylor has reportedly been instrumental in shaping its innovation agenda, driving the development of data-driven, market-responsive insurance products.
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5 days ago | 
reinsurancene.ws | Kane Wells
Firms with robust reinsurance coverage, conservative investment strategies, and proactive enterprise risk management frameworks are better equipped to withstand the volatility stemming from the ongoing hostilities between Iran and Israel, according to Morningstar DBRS.
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6 days ago | 
reinsurancene.ws | Kane Wells
Cyprus-based reinsurance and travel services firm COPE has been approved as a Lloyd’s Coverholder, a significant step in its global expansion. Established in 2023, COPE described the accreditation as “an exciting new chapter” in its growth journey, granting it access to Lloyd’s renowned international platform and network of trusted experts.
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1 week ago | 
reinsurancene.ws | Kane Wells
Athora, a savings & retirement services firm in Europe established by Apollo Global Management, is in talks to acquire Pension Insurance Corporation (PIC), according to Sky News. While spokespeople for Apollo and PIC reportedly declined to comment, Sky News noted that the £4–£5 billion deal, if completed, would represent a landmark moment in the industry, given PIC’s role in insuring liabilities for major firms such as RSA and BAT.
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1 week ago | 
reinsurancene.ws | Kane Wells
European P&C insurance run-off group Marco Capital has acquired R&Q Gamma Company Limited, subject to regulatory approval. Marco Capital explained that R&Q Gamma, formerly The Royal London General Insurance Company Ltd, was established in 1983 and put into run-off in 1999. It was purchased by R&Q Insurance Holdings Ltd in 2016 to act as a consolidation vehicle for run-off opportunities in the UK.
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1 week ago | 
reinsurancene.ws | Kane Wells
S&P Global Ratings has raised its long-term issuer credit and financial strength ratings on Fairfax Financial’s core re/insurance operating subsidiaries, which include Odyssey Re and Allied World, to ‘AA-‘ from ‘A+’. The rating agency has additionally raised its long-term issuer credit rating on Fairfax to ‘A-‘ from ‘BBB+’, and assigned a stable outlook.
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1 week ago | 
reinsurancene.ws | Kane Wells
CNA Financial Corporation has launched Cardinal E&S, a new brand dedicated to the excess and surplus (E&S) market, offering specialised insurance solutions tailored to brokers handling complex, hard-to-place risks. According to CNA, Cardinal E&S will partner with wholesale brokers through its dedicated, specialised underwriting teams focused on casualty, property, healthcare and financial lines.
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1 week ago | 
reinsurancene.ws | Kane Wells
Global specialist re/insurer and capacity provider Newpoint Re has reported strong financial performance for the full year 2024, with gross written premiums rising to $400.9 million, a significant increase from $249.4 million in 2023. The firm also saw notable improvement in profitability, with net income reaching $8.4 million, up from $4.7 million the previous year. Newpoint Re’s total assets grew by 47% year-over-year to $768.9 million, while shareholders’ equity increased 4.4% to $308 million.
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1 week ago | 
reinsurancene.ws | Kane Wells
The Allstate Corporation has estimated catastrophe losses for May 2025 of $777 million or $614 million, after-tax. These losses stemmed from 11 separate events, with roughly 70% attributable to three widespread wind and hailstorms. By comparison, May 2024 saw catastrophe losses of $1.4 billion, approximately 70% of which resulted from five major wind and hail events, primarily impacting Texas, Colorado, and Illinois.
