Reinsurance News
The global insurance industry is heading towards a “progressively softer market environment,” with pricing momentum deteriorating across most European and US property and casualty (P&C) lines, according to a recent Autonomous report. While the...
Posted: Nov 21, 2025
Patrick (Paddy) Jago, Chairman of global reinsurance brokerage Gallagher Re, is set to retire at the end of 2026, concluding a 50-year career in the industry. During his time as Global Chairman, Jago served on the executive committee, working clos...
Posted: Nov 21, 2025
Crawford & Company, a global provider of claims management and outsourcing solutions to insurance companies and self‐insured entities, has announced that Bruce Swain will assume the role of Interim President & Chief Executive Officer (CEO)...
Posted: Nov 21, 2025
Majesco, a provider of cloud-native, AI-driven software for the P&C and L&AH insurance segments, has announced an agreement to acquire Vitech, a developer of cloud-based pension and benefits administration solutions. The transaction will e...
Posted: Nov 21, 2025
Credit rating agency AM Best has revised the outlooks of American International Group, Inc.’s (AIG) property/casualty (P&C) insurance subsidiaries (AIG PC) to positive from stable, while affirming the Financial Strength Rating (FSR) of A (Exce...
Posted: Nov 21, 2025
S&P Global Ratings anticipates that the transfer of pension risks to the life insurance industry will continue to grow over the next decade, noting that insurers’ robust capital buffers and prudent mortality assumptions are limiting downside r...
Posted: Nov 21, 2025
Insured losses related to US severe convective storms (SCS) reached $42 billion in the first nine months of 2025, with average per-event costs 31% higher than the previous decade’s average, establishing a “new normal” for extreme weather, accordin...
Posted: Nov 21, 2025
J.P. Morgan, a global investment bank, notes that the European reinsurance sector appears to be moving toward a more stable and consistent earnings pattern. The company notes that reinsurers do not usually absorb the majority of expected catastrop...
Posted: Nov 21, 2025
Global reinsurance brokerage Gallagher Re has announced the appointment of Parrus Kunvarji as Executive Director, Customised Solutions – APAC. In his new role, Kunvarji will be responsible for Gallagher Re’s customised portfolio in APAC, focusing...
Posted: Nov 21, 2025
The Diot-Siaci Group, an independent insurance and reinsurance consulting and brokerage group, has finalised its new ownership structure following the signing of the agreement on 6 August 2025. As a result, the Burrus Group, a long-standing shareh...
Posted: Nov 21, 2025
Lockton, a global independent insurance brokerage, has announced the promotion of Harsh Chhajer to Power & Energy Growth Leader, Asia. In his new role, Chhajer will drive the production strategy within the newly established Regional Power &...
Posted: Nov 21, 2025
Fitch Ratings has upgraded Fortitude Re’s ratings, citing an improved company profile that has strengthened in recent years through a series of strategic transactions, including reinsurance deals that have expanded the company’s scale and diversif...
Posted: Nov 21, 2025
Arch Insurance, a division of Bermuda-based re/insurer Arch Capital Group, has announced the appointment of Sean Brady as Senior Vice President (SVP), Program Management for the Consumer Division. Arch’s Consumer Division includes the Travel, Acci...
Posted: Nov 21, 2025
Bermuda-based insurer and reinsurer, Everest Group, has appointed Elias Habayeb as Executive Vice President (EVP) and Group Chief Financial Officer (CFO), effective on or around May 1st, 2026. He succeeds Mark Kociancic, who has decided to retire...
Posted: Nov 21, 2025
Shory Group, a First.tech company and a fast-growing InsurTech firm in the region, has secured regulatory approval from the Saudi Insurance Authority (IA) to commence operations in the Kingdom of Saudi Arabia. This marks a notable step in Shory’s...
Posted: Nov 21, 2025
AXA XL, the property and casualty division of AXA Group, has appointed Jessemine Hayes and Brian Otto as Client Relationship Leaders, based in Dallas and Kansas City, respectively. In their new roles, the pair will lead client engagement efforts,...
Posted: Nov 21, 2025
Markel Insurance, the insurance operations within Markel Group Inc., has entered a strategic collaboration with Greenhouse Specialty Insurance Services, LLC, a program administrator specialising in environmental casualty insurance products. Founde...
Posted: Nov 21, 2025
Marsh, an insurance broker, risk advisor, and business of Marsh McLennan, has announced the appointment of Guy Bessis as Chairman of Energy & Power for Marsh India, Middle East, and Africa. Bessis began his insurance career as an underwriter w...
Posted: Nov 21, 2025
Generative AI (Gen AI) is rapidly transforming the insurance customer journey, but its successful adoption will depend on insurers addressing core customer concerns around privacy, accuracy, and the loss of human connection, a new report by the Ge...
Posted: Nov 20, 2025
Obsidian Insurance Holdings, Inc. has increased surplus in its writing companies in order to raise capital through a successful senior notes issuance and additional capital investment from its existing equity holders, including Genstar Capital. Th...
Posted: Nov 20, 2025
Kalepa, a company specialising in AI-powered underwriting solutions, has announced the appointment of David Meister as Chief Revenue Officer (CRO). In his new role, Meister will oversee all global revenue functions, driving go-to-market strategy,...
Posted: Nov 20, 2025
Jamie Sahara, Chairman of United Risk, presented the company’s full leadership team, including several newly appointed executives, during its quarterly stakeholder meetings held at its 50 Rockefeller Plaza headquarters. Hayden Smith has been promo...
Posted: Nov 20, 2025
A fragmented USD system, according to the global reinsurer Swiss Re, would create more unstable funding conditions, limit the ability of markets to share risks internationally, and place additional stress on liquidity in catastrophe and retrocessi...
Posted: Nov 20, 2025
Argenta Holdings Limited, a managing agent at Lloyd’s of London, has reported that the market’s syndicate forecasts for the 2023 and 2024 underwriting years continue to show strong performance, reflecting disciplined underwriting and favoura...
Posted: Nov 20, 2025
Highlighting the benefits of widespread adoption of technology-driven processes, Willis Re has suggested that the reinsurance buying experience could see dramatic improvements. “Reinsurance is changing its spots. Whether aggressively or relu...
Posted: Nov 20, 2025