Reinsurance News

European insurers positioned for strong year-end, according to S&P

European insurers are expected to close the year in a solid position, supported by resilient underwriting results, robust capital buffers, and effective strategic adjustments across the sector, according to a midyear report by S&P Global Ratin...

Posted: Jul 18, 2025

Willis names Lockner as Strategic Client Advisor, North American AAIS team

Willis, a WTW business, has appointed Cecelia Lockner as Senior Director, Strategic Client Advisor within the North American Alternative Asset Insurance Solutions (AAIS) division. The appointment aligns with Willis’ strategy to provide insurance s...

Posted: Jul 18, 2025

Pen Underwriting extends SiriusPoint partnership into PI

Pen Underwriting, a specialist underwriting agency in the UK, has expanded its partnership with global re/insurer SiriusPoint through a new capacity deal in support of international professional indemnity (PI) risks. As per the terms of the agreem...

Posted: Jul 18, 2025

Casualty insurers to be impacted by Los Angeles wildfires: Moody’s

The insurance industry is bracing for a multi-million dollar impact, with casualty insurers facing significant liabilities from various potential triggers following the devastating wildfires that impacted Los Angeles in January 2025 – which...

Posted: Jul 18, 2025

LSN Ré Walbaum names Heroui Director of P&C Reinsurance

French reinsurance broker, LSN Ré Walbaum, has announced the appointment of Lynda Heroui as Director of P&C Reinsurance, who will be reporting to Benoît Butel, the company’s President. LSN Ré Walbaum, a subsidiary of the LSN Assurances group,...

Posted: Jul 18, 2025

Tonga renews parametric reinsurance with PCRIC to boost disaster resilience

The Kingdom of Tonga has strengthened its disaster risk financing by renewing its parametric reinsurance policies with the Pacific Catastrophe Risk Insurance Company (PCRIC), which includes a significant increase in the government’s premium contri...

Posted: Jul 18, 2025

Mosaic Insurance adds three senior industry leaders to Advisory Board

Mosaic Insurance, a specialty insurer focused on complex and emerging risks, has strengthened its Advisory Board with the addition of senior industry leaders Peter Breitstone, George Hanna, and Tom Kim for strategic growth. The trio will focus on...

Posted: Jul 18, 2025

Multi-stakeholder approach key to narrowing nat cat protection gap: G20 South Africa side event

Addressing the widening natural catastrophe insurance protection gap requires a multi-stakeholder approach, including public-private partnerships, investments in risk reduction and resilience, and innovative insurance solutions, according to keyno...

Posted: Jul 18, 2025

WTW’s Fannin named Head of Corporate Actuarial & CRO for Hannover Re UK Life Branch

Nicola Fannin has been appointed General Manager, Head of Corporate Actuarial and Chief Risk Officer for Hannover Re UK Life Branch. Fannin is succeeding Rael Davis, who was appointed Chief Financial Officer for the Hannover Re UK Life Branch on 1...

Posted: Jul 18, 2025

Price Forbes adds construction coverage to expanding Lectio facility

Specialty insurance broker Price Forbes has announced the latest extension of its exclusive underwriting facility, Lectio, which now includes construction and builders risk coverage. This move broadens the scope of the facility, further enhancing...

Posted: Jul 18, 2025

Samsung Re appoints Sie Liang Lau as Head of Cyber and Casualty

Samsung Reinsurance (Samsung Re), a subsidiary of Samsung Fire & Marine Insurance (SFMI), has appointed Sie Liang Lau as Head of Cyber and Casualty, effective June 23rd, 2025. Based in Singapore, Lau will lead the development of Samsung Re’s C...

Posted: Jul 18, 2025

Munich Re-backed Squalify expands into US with new client and platform updates

Squalify, a cyber risk quantification platform supported by reinsurer Munich Re, has entered the US market, securing its first significant customer and releasing updates to its platform aimed at expressing cyber risk in financial terms. The Munich...

Posted: Jul 18, 2025

Aon announces three executive leader appointments within EMEA commercial risk team

Global insurance and reinsurance broking group Aon has appointed three senior leaders within its Europe, the Middle East, and Africa (EMEA) Commercial Risk team, as the firm looks to drive growth across the region as part of its 3×3 Plan. The...

Posted: Jul 18, 2025

Swiss Re backs SDSN paper on insurance’s role in advancing sustainable development

Global reinsurer Swiss Re supports a research-backed paper from the UN Sustainable Development Solutions Network (SDSN) which highlights the critical role insurance can play in advancing sustainable development, calling for stronger public-private...

Posted: Jul 18, 2025

Aspen names John Welch as Group Chief Underwriting Officer

Bermuda domiciled insurer and reinsurer Aspen Insurance Holdings has appointed John Welch as Group Chief Underwriting Officer (CUO), effective August 1st, 2025. In his new role, Welch will report to Christian Dunleavy, Group President and Chief Ex...

Posted: Jul 18, 2025

AXIS adds Abdelrahman as Senior Underwriter and Assistant VP, Renewable Energy

Bermuda-domiciled insurer and reinsurer AXIS Capital Holdings has appointed Moustafa Abdelrahman as Senior Underwriter and Assistant Vice President (VP), Renewable Energy. He becomes AXIS’ first Renewables property underwriter to be based in Toron...

Posted: Jul 18, 2025

Intersys launches in India to strengthen brokers cyber portfolio

Intersys, a cyber security and IT services provider, has launched operations in India, based in Mumbai, to help brokers and insurers grow cyber portfolios by strengthening policyholder resilience. Under the leadership of Tanmay Gore, Director of I...

Posted: Jul 18, 2025

AM Best upgrades credit ratings of Kuwait Re

AM Best, the credit rating agency, has upgraded the credit ratings of Kuwait Reinsurance Company K.S.C.P. (Kuwait Re), citing its improved financial performance and strong capital position. The company’s Financial Strength Rating has been elevated...

Posted: Jul 18, 2025

The Hartford promotes Chhabra to Chief Risk Officer as Paiano retires

The Hartford, a provider of insurance and financial services, has promoted Prateek Chhabra to Chief Risk Officer, effective September 1st, 2025. He will report directly to Christopher Swift, The Hartford’s Chairman and Chief Executive Officer. Chh...

Posted: Jul 18, 2025

Gallagher Re structures and places $16m multi-peril parametric policy for SEADRIF and Lao PDR

Reinsurance broker Gallagher Re, on behalf of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company), has structured and placed a re/insurance programme for the government of Lao PDR. The two-year policy expands the origin...

Posted: Jul 18, 2025

Renewal rates down across nearly all major commercial lines QoQ: Ivans

Ivans, a division of Applied Systems, has released its Q2 2025 results for the Ivans Index, showing that the average premium renewal rate change across nearly all major commercial lines, except General Liability, decreased compared to Q1 2025. How...

Posted: Jul 17, 2025

Hamilton Insurance appoints Raymond Karrenbauer as Group CIO

Bermuda-based insurance and reinsurance company, Hamilton Insurance Group, has appointed Raymond Karrenbauer as Group Chief Information Officer (CIO), effective September 15th, 2025. He will join the firm’s executive management team, reporting to...

Posted: Jul 17, 2025

Allstate estimates $619m in cat losses for June 2025

The Allstate Corporation has estimated catastrophe losses for June 2025 of $619 million or $489 million, after-tax. June’s cat losses are the result of 15 events, with approximately 70% of the losses related to three wind and hail events. In compa...

Posted: Jul 17, 2025

Guy Carpenter’s analytics platform “differentiates us in our clients’ eyes”, says CEO Dean Klisura

The President and Chief Executive Officer (CEO) of reinsurance broker Guy Carpenter, Dean Klisura, has described the company’s analytics platform as one of the most significant things it does for its clients as it looks to bring value beyond...

Posted: Jul 17, 2025

ACORD Solutions Group launches ADEPT North America Regional Hub

ACORD Solutions Group (ASG), a provider of digital solutions for the global insurance industry, has launched the ADEPT North America Regional Hub to drive industry-wide modernisation through standardised digital data exchange for large commercial...

Posted: Jul 17, 2025