South Korea: Insurers' profitability to remain sound despite pressure on capitalisation

Published on June 25, 2025
Fitch ratings expects the Korean insurance sector's credit fundamentals to remain sound in 2025, as a steady generation of new business contractual service margin (CSM) will continue to support their
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Orion180 lifts reinsurance coverage 31% for 2025 hurricane season to $845m

June 24, 2025
Insurance solutions provider Orion180 has completed its excess-of-loss (XOL) and net quota share reinsurance agreements for the 2025 hurricane season totalling $845 million, which represents a 31% increase from the 2024 programme.The renewed reinsurance programme is backed by a robust panel of 35 leading global reinsurers, and covers both Orion180 Insurance and Orion180 Select Insurance companies.

Roosevelt Road Specialty appoints Brendan Cook as CUO of Property

June 25, 2025
Roosevelt Road Specialty, a specialty managing general underwriter, has appointed Brendan Cook as Chief Underwriting Officer (CUO) of Property.In this role, Cook will lead the company’s property underwriting strategy, overseeing risk selection, portfolio management, and underwriting innovation across the platform.He brings more than 20 years of industry experience, with deep expertise in property