Reinsurance News

Stay updated with the latest in reinsurance news every day with ReinsuranceNe.ws. Our website features insightful commentary on key trends in the global reinsurance industry. To get started, simply browse through our latest articles. Additionally, you can sign up for our daily email, which offers a carefully curated selection of the most significant reinsurance news—no algorithms involved. This free email is sent every morning from Monday to Friday, ensuring you receive concise and relevant updates. You’re free to unsubscribe anytime, but we believe our emails will help you stay informed with ease. You’re also welcome to visit Reinsurance News online whenever you like to explore the newest stories and our perspectives on global market trends. We’re constantly adding fresh content throughout the day, so be sure to bookmark us and check back often. Currently, Reinsurance News boasts over 9,500 subscribers who enjoy our daily emails. Our website attracts more than 77,000 readers monthly (as of October 2018), making us one of the leading platforms in the industry—and we’re rapidly expanding.

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Canada Life Re to cease new business for US traditional life mortality risk reinsurance

3 days ago | reinsurancene.ws | Luke Gallin

Canada Life Reinsurance, part of financial services holding company Great-West Lifeco, has decided to stop new business for its US traditional life mortality risk reinsurance line, known as U.S. Trad Life, as the firm looks to focus on its core markets. The reinsurer explains that a key driver of its decision to cease new US Trad Life business is expanding the resources devoted to the structured reinsurance market.
Grenada renews CCRIF SPC parametric insurance policies for 25/26

3 days ago | reinsurancene.ws | Luke Gallin

The Government of Grenada has confirmed the renewal of the country’s annual parametric insurance coverage with the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) for 2025/2026, for a total cost of roughly USD 1.828 million, plus applicable fees. This renewal ensures the Caribbean country remains protected under the facility’s parametric policies for tropical cyclone, earthquake, excess rainfall, and coastal hazards.
ILS and collateralised reinsurers dominate Florida Citizens 2025 renewal

5 days ago | reinsurancene.ws | Luke Gallin

Final lines for Florida Citizens Property Insurance Corporation’s 2025 risk transfer programme reveal that insurance-linked securities (ILS) and collateralised markets make up the majority of the new reinsurance placed, and the total tower for the year ahead.
ICEYE expands capabilities with largest SAR satellite launch to date

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.
Jayson Taylor to lead MSIG USA's casualty business

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.
Robust reinsurance coverage a buffer against Middle East geopolitical risk: Morningstar DBRS

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.
Citizens secures $4.49bn risk transfer target for 2025 with lower ROL for new reinsurance

5 days ago | reinsurancene.ws | Luke Gallin

Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, has cited favourable market conditions as it was able to successfully place its target risk transfer programme of $4.49 billion for the 2025 wind season, which includes $2.89 billion of new coverage from the traditional reinsurance and capital markets.
COPE gets approved as a Lloyd's Coverholder

5 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.
MS Transverse gets credit ratings upgrade from AM Best

1 week ago | reinsurancene.ws | Taylor Mixides

AM Best, a credit rating agency, has upgraded the Financial Strength Rating of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company, and TRM Specialty Insurance Company—together known as MS Transverse Insurance Group (MS Transverse)—from A (Excellent) to A+ (Superior). Additionally, their Long-Term Issuer Credit Ratings have been raised from “a+” (Excellent) to “aa” (Superior). The outlook for these ratings remains stable.
Aon's NFP hires Darrin De Stephanis to drive commercial surety growth

1 week ago | reinsurancene.ws | Beth Musselwhite

NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has appointed Darrin De Stephanis as Senior Vice President, Capital Solutions and Commercial Surety Growth Leader. Based in Vancouver, De Stephanis will report to Adrian Pellen, co-leader of NFP’s Construction and Infrastructure (C&I) Group. NFP’s construction surety risk practice is part of its C&I Group, which operates across the U.S. and Canada.