Reinsurance News

SPG consolidates wholesale business to launch unified division

Specialty Program Group LLC (SPG), an operator of specialty insurance brokerage and underwriting facilities, has announced its plans to consolidate its wholesale businesses under a single division: SPG Wholesale. This move marks the company’s tran...

Posted: Sep 16, 2025

Swiss Re promotes Fatone to Head of Southern Europe P&C Reinsurance

Global reinsurer Swiss Re has appointed Hernan Fatone as Head of Southern Europe Property and Casualty (P&C) Reinsurance. In the role, he succeeds Santiago Arechaga, who has been promoted to President of Reinsurance for Latin America and the C...

Posted: Sep 16, 2025

B.P. Marsh & Partners invests $12.5m to fuel XPT growth

B.P. Marsh & Partners Plc, a specialist private equity investor, has announced a new investment to support the growth of its US-based investee company, XPT Group LLC (XPT). The company is supporting XPT via an investment in its new vehicle XPT...

Posted: Sep 16, 2025

Grange Insurance appoints Steve Marohn as Commercial Lines President

Ohio-domiciled insurer Grange Insurance Company has appointed Steve Marohn as the company’s Commercial Lines President. Marohn has over 35 years of commercial lines experience, most recently as President of the Specialty Property and Casualty divi...

Posted: Sep 16, 2025

HDI Global Insurance names Himadri Trivedi as Business Transformation Lead

HDI Global Insurance Company (HGIC), the US arm of international corporate and specialty insurer HDI Global, has appointed Himadri Trivedi to the newly created position of Business Transformation Lead. Trivedi will play a key role in aligning tech...

Posted: Sep 16, 2025

US personal auto insurers maintain positive momentum into 2025: AM Best

US personal auto insurers continued to show progress in the first half of 2025, as the segment’s direct loss ratio declined for the second year in a row, according to a new AM Best report, with the results suggesting that the strong recovery seen...

Posted: Sep 16, 2025

Aoife Taylor named I–RE’s Broker Relationship Manager

I–RE, a specialist in captive insurance and reinsurance, has announced the appointment of Aoife Taylor as the group’s new Broker Relationship Manager. In her new role, Taylor will be responsible for broadening I–RE’s broker network and nurturing e...

Posted: Sep 16, 2025

Reinsurance industry needs sustainable margins & responsible structures: Aon reinsurer panel

The global insurance and reinsurance markets are “all in this together” and as discipline and innovation drive relevance in an increasingly uncertain world, it’s vital that the industry has sustainable margins and responsible str...

Posted: Sep 15, 2025

Allianz UK introduces generative AI tool BRIAN

Allianz UK, part of the financial services group Allianz SE, has introduced a generative AI tool, BRIAN, to help underwriters respond to customer enquiries, enhancing speed and confidence in decision-making processes. Allianz UK says its new tool...

Posted: Sep 15, 2025

AXA XL names Sophie Farhane as Global CUO, Cyber Direct & Indirect

AXA XL, the property, casualty and specialty risk division of AXA, has announced the appointment of Sophie Farhane as Global Chief Underwriting Officer (CUO), Cyber, Direct and Indirect. In this role, Farhane will oversee AXA XL’s cyber insurance...

Posted: Sep 15, 2025

Fitch reports seventh year of double-digit growth for US E&S insurance in 2024

Fitch Ratings, a credit rating agency and provider of financial research, reported that the US excess and surplus (E&S) insurance market continued its remarkable growth streak in 2024, with direct written premiums rising 11 percent. Although t...

Posted: Sep 15, 2025

The Fidelis Partnership announces senior promotions for Bermuda Treaty team

The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has announced senior promotions for both its Bermuda Treaty team and Bermuda based underwriting leadership. These promotions will see Paget Hengesbaugh become Hea...

Posted: Sep 15, 2025

Underwriting discipline key for re/insurers to fulfil growth aspirations: Morningstar DBRS

The key challenge for both insurers and reinsurers as they set out to fulfil their growth aspirations will be to maintain underwriting discipline, Morningstar DBRS observed in a recent report. According to a new report from the firm, despite the i...

Posted: Sep 15, 2025

AmTrust, Blackstone Credit & Insurance strike deal to spin off MGA and fee businesses

AmTrust Financial Services has entered into a definitive agreement with Blackstone Credit & Insurance (BXCI) to spin off certain Managing General Agencies and fee-based businesses in the U.S., U.K., and Continental Europe into a new independen...

Posted: Sep 15, 2025

NA property a “market of opportunity” despite softening: Howden Re’s Gulbransen

In a recent interview with Reinsurance News during RVS 2025, Howden Re’s Wade Gulbransen, CEO North America, offered an optimistic perspective on the current reinsurance market in the region, describing it as a “market of opportunity” despit...

Posted: Sep 15, 2025

Total claims costs from 2016-2024 hit $1.1trn for Bermuda commercial re/insurers: BMA

From 2016 to 2024, Bermuda commercial insurer and reinsurer incurred $1.1 trillion in gross claims costs to policyholders and cedants globally, according to data from the Bermuda Monetary Authority (BMA). Over the nine-year period, Bermuda re/insu...

Posted: Sep 15, 2025

Weigel to lead Liberty Specialty Markets’ European multinational expansion

Alexandra Weigel has joined Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, as head of multinational, Europe, a Zurich-based role. In her new role, Weigel will leverage her over 30 years of industry experience to support t...

Posted: Sep 15, 2025

Mereo adopts Phinsys’ full product suite to build finance infrastructure

Phinsys, a finance automation software provider for the re/insurance industry, has partnered with Mereo Insurance Limited (Mereo), a Bermuda-based reinsurance business, to implement its full suite of automation software to support Mereo’s finance...

Posted: Sep 15, 2025

WTW announces new leadership roles in the Global Construction and Surety divisions

Willis, a WTW business, has announced shared updates to its leadership team within the Global Construction and Global Surety divisions. These appointments are intended to strengthen industry expertise, improve client service, and enhance collabora...

Posted: Sep 15, 2025

Acrisure London Wholesale enters strategic partnership with Israeli broker Madanes

Acrisure London Wholesale (ALW), the London-based wholesale division of Acrisure, has announced a strategic broking partnership with Israeli insurance broker Madanes. Madanes is the largest insurance broker in Israel, with over 300 employees, prov...

Posted: Sep 15, 2025

Canopius to leverage Kalepa’s AI-powered workbench to accelerate growth & innovation

Global specialty re/insurer Canopius has partnered with Kalepa for its AI-powered underwriting workbench to accelerate growth and innovation across its lines of business in the US. The collaboration will see Canopius implement Kalepa’s underwritin...

Posted: Sep 15, 2025

Concert names Carroll as Chief Actuary & Rangel-Brown as VP, Human Resources

Concert Group Holdings, Inc., a specialised insurance holding company known for providing tailored solutions to programme insurance markets, has appointed Tom Carroll as Chief Actuary and Lori Rangel-Brown to a newly created role of Vice President...

Posted: Sep 15, 2025

Arrow Risk Management launches Tech E&O underwriting practice with Bridgehaven backing

Specialist MGA underwriting platform Arrow Risk Management has partnered with Bridgehaven Specialty UK Limited to launch its Tech E&O underwriting practice. Arrow explained that it will concentrate on providing combined Tech E&O/Cyber cove...

Posted: Sep 15, 2025

Insurers delivered 14.7% RoAE in 2024 through strategic focus: Aon

Aon, a professional services firm providing risk, retirement, and health solutions, emphasises that relevance is not a temporary trend in insurance — it is a disciplined approach that drives long-term success. In today’s volatile market, ins...

Posted: Sep 15, 2025

New Dawn Risk names Anthony Kerr as Senior Client Manager and Claims Advocate

Anthony Kerr has recently been named Senior Client Manager and Claims Advocate at Specialist Lloyd’s broker New Dawn Risk. Kerr has over 35 years of experience in the London re/insurance markets and will contribute to enhancing the firm’s cl...

Posted: Sep 15, 2025