Reinsurance News

Reinsurance industry ‘better protected than ever’ for hurricane season: JP Morgan

The global reinsurance industry is better protected than ever against large hurricane losses, according to JP Morgan’s recent Love Actuary report. According to analysts, a robust capital base, increased market capitalisations of the largest reinsu...

Posted: Jun 06, 2025

AM Best maintains stable outlook on South Korea’s non-life insurance market

Credit rating agency AM Best has maintained its stable outlook on South Korea’s non-life insurance segment, citing continued improvement of the country’s domestic solvency standards, which have helped strengthen insurers’ capital management practi...

Posted: Jun 06, 2025

Markel partners with Insurate to enter middle-market workers comp. sector

Markel Insurance, the insurance arm of Markel Group Inc., has entered into a strategic collaboration with Insurate, an insurtech specialising in the middle-market workers’ compensation sector. Markel explained that, after careful market anal...

Posted: Jun 06, 2025

PERILS places final industry loss from southern Germany floods at €1.564bn

Zurich-based catastrophe insurance data provider PERILS has released its fourth and final industry loss estimate for the floods that struck southern Germany between 31 May and 6 June 2024, placing the insured market loss at €1.564 billion. The fin...

Posted: Jun 06, 2025

Chubb appoints Doug White as SVP Asia Pacific

Global insurer Chubb has announced the appointment of Doug White as Senior Vice President (SVP), Asia Pacific. White brings over 30 years of industry experience, including more than 25 years based in the Asia-Pacific region. He joined Chubb in 201...

Posted: Jun 06, 2025

Meghani to succeed Sheppard as Head of Property Treaty & Retrocession, OdysseyRe London

Nisha Meghani has been appointed Head of Property Treaty & Retrocession for OdysseyRe London. The appointment of Maghani follows the recent announcement of Matthew Sheppard’s elevation to the position of Deputy Chief Underwriting Officer...

Posted: Jun 06, 2025

HIVE expands into space insurance with Kenneally appointment

Independent specialty managing general agent (MGA) HIVE Underwriters has expanded into space insurance with the appointment of leading underwriter, Jack Kenneally, as Class Underwriter. This move complements HIVE’s existing aviation offering, sign...

Posted: Jun 06, 2025

Blink Parametric names Brian Barter as Chief Executive Officer

Insurtech Blink Parametric has announced the appointment of Brian Barter as Chief Executive Officer with immediate effect, succeeding Sid Mouncey, who will remain with the company as Chief Commercial Officer. In his new role, Barter has been taske...

Posted: Jun 06, 2025

Everest names Ashleigh Sears Head of Alternative Risk and Accounts Excess Casualty

Everest, a provider of reinsurance and insurance solutions, has named Ashleigh Sears as Head of Alternative Risk and National Accounts Excess Casualty for its North America Insurance division, reporting to Joe Fobert, Head of North America Retail...

Posted: Jun 06, 2025

IDF & Bridgetown Initiative partner to drive integration of insurance into vulnerable communities

The Insurance Development Forum (IDF) and the Bridgetown Initiative have partnered to drive deeper integration of insurance into the international financial architecture (IFA) as a key part of the toolkit for enhancing resilience in Emerging Marke...

Posted: Jun 06, 2025

INTX Insurance Software expands to North America, offering a unified P&C platform

INTX Insurance Software, a provider of a fully integrated solution for the entire property and casualty (P&C) insurance policy lifecycle, has launched its insurance policy administration platform in North America, following two decades of use...

Posted: Jun 06, 2025

Atrium adds Kate Gordge as Marine Hull and War Underwriter

Atrium, a specialty insurer at the Lloyd’s insurance and reinsurance marketplace, has expanded its team with the addition of Kate Gordge as Marine Hull and War Underwriter. Gordge will work closely with Mike MacColl and the wider marine team to de...

Posted: Jun 06, 2025

Renewal rates up YoY for all commercial lines except Workers’ Comp in May: Ivans

Ivans, a division of Applied Systems, has released the May 2025 results of the Ivans Index, showing that average premium renewal rates increased year over year across all major commercial lines of business except Workers’ Compensation. Month over...

Posted: Jun 05, 2025

MassMutual adds former Liberty Mutual CEO David Long to Board of Directors

Massachusetts Mutual Life Insurance Company (MassMutual), a mutual life insurance company that provides financial protection, retirement, and investment solutions, has announced the appointment of David Long, former Chairman and CEO of Liberty Mut...

Posted: Jun 05, 2025

S&P highlights strong capitalisation and competitive strength of top EMEA insurers

According to S&P Global Ratings, insurers based in Europe, the Middle East, and Africa (EMEA) maintain strong capital foundations and capital buffers that enable them to endure external shocks effectively. S&P’s criteria show that the aggr...

Posted: Jun 05, 2025

Gallagher Re adds 11 to France BeLux team, names new Chairman and Directeur General

Global reinsurance broker Gallagher Re has appointed Emmanuel Dubreuil as Chairman and Nicolas Rincé as Directeur General of France BeLux, as part of numerous new additions to the regional team. The pair will work in partnership with Thierry Myara...

Posted: Jun 05, 2025

AM Best sees strong UK pension risk transfer pipeline, but regulatory scrutiny on funded reinsurance

AM Best, the credit rating agency, has maintained its stable outlook for the United Kingdom’s (UK) life insurance segment, driven by continued strength in pension risk transfers (PRTs), robust investment conditions, and growing revenue from define...

Posted: Jun 05, 2025

Westfield Specialty International appoints Amerjit Grewal as Chief Actuary

Westfield Specialty International, the London-based specialty insurance arm of Westfield, has announced the appointment of Amerjit Grewal as Chief Actuary. Based in London, Grewal will report directly to Graham Evans, EVP, Head of International In...

Posted: Jun 05, 2025

Ethos Specialty expands NA Transactional Risk capacity with Starr partnership

Ethos Specialty, a Bishop Street company, has announced the expansion of its North American Transactional Risk capacity through a new partnership with Starr, a global insurance and investment organisation. In a challenging Transnational Risk marke...

Posted: Jun 05, 2025

Aon names Rupert Poland as Head of EMEA Digital Asset practice

Aon, the global insurance and reinsurance broker, has appointed Rupert Poland as Head of Europe, the Middle East and Asia (EMEA) Digital Asset practice Poland will be based in London and report to Tom Davis, Aon’s Executive Director, EMEA Fi...

Posted: Jun 05, 2025

bolttech closes $147m Series C funding round with two new strategic investors

Global insurtech bolttech has announced the addition of strategic investors Sumitomo Corporation and Iberis Capital as it successfully closes its Series C funding round, with total investments of $147 million, reflecting a company valuation of $2....

Posted: Jun 05, 2025

Guy Carpenter strengthens leadership with three senior hires

Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has appointed Mark Maritzen as Senior Client Executive, Damini Mago as North American Head of Cyber ILS, and Martha Jacobs as Healthcare Segment Leader and Branch Manager. Based in New...

Posted: Jun 05, 2025

MGAs’ premiums increased 15% to $89.9bn in 2024: AM Best

Premiums generated through managing general agents (MGAs) and other delegated underwriting authority enterprises (DUAEs) reached $89.9 billion in 2024, a 15% year-over-year increase and the fourth consecutive year of double-digit growth, according...

Posted: Jun 05, 2025

Rokstone expands into Asia Pacific with new marine insurance lead

Rokstone, the international specialty re/insurance Managing General Agent (MGA) and part of the Aventum Group, has announced the appointment of Rama Chandran to lead its business in the Asia Pacific region. Chandran will join the company following...

Posted: Jun 05, 2025

Ageas Re in €500m+ quota share with Triglav linked to Prima distributed motor business

Ageas Re, the reinsurance division of international insurance group Ageas, has completed a reinsurance agreement with Slovenian insurer Triglav Group in connection with the motor insurance business distributed by Italian Insurtech Prima. This part...

Posted: Jun 05, 2025