Legacy reinsurance and run-off specialist RiverStone International has announced a loss portfolio transfer (LPT) deal with Pacific Valley Insurance Company, a Lyft subsidiary.
Reinsurance News
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Brighton, East Sussex 141,759 followers
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The re/insurance news that matters delivered to your inbox, or to read online, daily. Reinsurance News is run by professionals with years of experience in journalism, knowledge management and the creation of timely insight for the reinsurance and risk transfer sectors. By combining our experience in knowledge management and our broad reinsurance insight with technology, we aim to bring you the most important reinsurance, specialty & commercial insurance news online and in a simple daily email. You can visit ReinsuranceNe.ws online at any time to catch up on the latest stories and our views on global reinsurance market trends. We're publishing stories all day, every day. Reinsurance News brings the insurance and reinsurance industry news that matters to a growing global audience. Our loyal readership averages more than 220,000 unique users per month at January 2024, peaking at over 300,000 in busy periods and we're still growing.
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Steve Evans
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Updates
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Munich Re has signed a definitive agreement to acquire Next Insurance, which is to become part of ERGO Group AG, Munich Re’s primary insurance arm, marking a significant expansion into the US small and medium-sized businesses segment.
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Extreme weather events, widespread premium increases, and long repair cycle times have strained customer satisfaction with the homeowners insurance claims experience, according to the J.D. Power 2025 U.S. Property Claims Satisfaction Study.
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EPIC Insurance Brokers & Consultants, a provider of insurance and risk management services, has revealed a national leadership team to head its newly established Construction & Infrastructure Group.
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U.S. primary insurer Allstate has estimated catastrophe losses for February 2025 at $92 million or $73 million, after-tax.
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US medical malpractice insurer The Doctors Company has announced it has entered into a definitive agreement to acquire specialty insurer ProAssurance Corporation.
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AM Best, a credit rating agency focused on the insurance industry, has warned that the planned imposition of a 25% tariff on imports from Canada and Mexico, along with increased tariffs on China, is likely to negatively affect the insurance industry, particularly in the US homeowners’ and auto insurance sectors.
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Acrisure Re US, the re/insurance division of global insurance and financial services provider Acrisure, has announced the promotion of Thomas Deane to Managing Director, Head of Acrisure Re Corporate Advisory & Solutions, LLC.