On 22 May 2025, the Global Federation of Insurance Associations (GFIA), which represents the interests of insurers and reinsurers worldwide, called on the International Association of Insurance Supervisors (IAIS), the global standard-setting body for insurance regulation and supervision, to prioritise tackling the expanding global pension protection gap.

Corebridge Financial, an American multinational financial services company, has announced its financial results for the third quarter of 2025, reporting net income of $144 million, which compares to a loss of $1.2 billion in the same period last year.

Fairfax Financial Holdings has completed its acquisition of all of the shares of Gulf Insurance Group (GIG) under the control of Kuwait Projects Company (Holding), bringing Fairfax’s equity interest in GIG from 43.69% to 90.01%.

In a recent report released by KBRA on climate change, analysts have stated that while much of the insurance industry has taken “concrete steps” to address the issue on the asset side of the balance sheet, incorporating sustainability into underwriting is a complex endeavour that requires time and a differentiated approach.

International Managing General Agent (MGA) and Lloyd’s Syndicate, Volante Global, has appointed Aaron Brockwell as Head of Outwards Reinsurance, a newly created position.

Global insurance broker WTW has launched a new cyber insurance solution tailored for small and medium-sized enterprises (SMEs) spanning industries across North America. This solution is tailored for businesses with annual revenues under $50 million, including start-ups and pre-revenue accounts.

In a strategic move to bolster its technological capabilities, Arch Insurance North America has appointed Prabhu Venkataraman as Chief Information Officer (CIO).

Global insurer QBE now has a class 4 license in Bermuda, providing the reinsurance arm, QBE Re, with further optionality in the balance sheets it offers its cedants.