Reinsurance News

M&A insurance payouts hit record highs in 2024, driven by R&W claims: Aon

Mergers & Acquisitions (M&A) insurance claims payouts have surged in recent years, with 2024 marking the highest year on record for M&A insurance payouts, according to a recent Aon study. The research highlights a significant increase...

Posted: Jun 27, 2025

LexisNexis Risk Solutions introduces new commercial property risk assessment tool

LexisNexis Risk Solutions, a provider of data and analytics for the insurance industry, has released LexisNexis Location Intelligence for Commercial, a tool aimed at improving the assessment of commercial property risks during underwriting and pol...

Posted: Jun 27, 2025

Hurricane Erick insured losses expected to be contained: AM Best

Insured losses from Mexico’s Hurricane Erick, which made landfall last week, are expected to be contained, with parametric insurance contracts unlikely to be triggered, according to a recent report by AM Best. Hurricane Erick made landfall last Th...

Posted: Jun 27, 2025

Siddharth Deosthalee appointed CFO of Howden India

Howden, the global insurance and reinsurance broking group, has appointed Siddharth Deosthalee as the Chief Financial Officer (CFO) of India, based in Mumbai. Until April 2025, Deosthalee was the Vice President of Finance for Peepul Tree, a role h...

Posted: Jun 27, 2025

Personal auto drives major recovery in US P&C underwriting for 2024: AM Best

The US property and casualty (P&C) insurance sector experienced a significant recovery in 2024, according to AM Best, the credit rating agency. In its latest report, AM Best highlights a $31 billion improvement in the personal auto line of bus...

Posted: Jun 27, 2025

Favourable conditions for US commercial insurance buyers amid economic uncertainty: Lockton

For US commercial insurance buyers, the current landscape is arguably the most favourable in the past five to six years, however, economic uncertainty abounds, with potential ripple effects on the insurance market, according to the latest Lockton...

Posted: Jun 27, 2025

Lessons for European insurers from California’s $40bn wildfire losses: Swiss Re

Swiss Re, a reinsurance provider, has drawn on its expertise in natural catastrophe risk to identify critical lessons from California’s wildfire experience that are increasingly relevant for insurers across Europe. The growing frequency and intens...

Posted: Jun 27, 2025

Geopolitical instability tops aviation insurers’ concerns: IUAI

Geopolitical instability has been identified as the biggest threat to the aviation sector by insurers, a new industry survey has revealed, with war and international conflicts as the top concern for two-thirds of respondents working for internatio...

Posted: Jun 27, 2025

SiriusPoint hires Catalina Re’s Andrew Pryde as Group Chief Risk Officer

Bermuda-based insurer and reinsurer SiriusPoint has appointed Andrew Pryde from Catalina Re as Group Chief Risk Officer (CRO), effective September 2025. In his new role, Pryde will be based in Bermuda, where he will report to SiriusPoint’s Chief E...

Posted: Jun 27, 2025

Severe storms in Europe & US to cause significant insurance losses: Aon

Aon has reported that recent severe convective storm (SCS) activity is expected to drive economic and insured losses into the hundreds of millions of dollars in Europe, while similar events in the United States are projected to result in losses in...

Posted: Jun 27, 2025

Markel appoints Collin Sim as Casualty Underwriter in Singapore

Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Collin Sim as Casualty Underwriter. The hire marks the establishment of Markel’s first dedicated casualty underwriting position in Singapore. In her new rol...

Posted: Jun 27, 2025

P&C insurers to deploy AI-powered multimodal technologies to combat fraud: Deloitte

By implementing AI-driven technologies across the claims life cycle and integrating real-time analysis from multiple modalities, property and casualty (P&C) insurers could reduce fraudulent claims and save between $80 billion and $160 billion...

Posted: Jun 27, 2025

Neptune appointed as Palomar’s exclusive MGA for flood insurance

Specialty property insurer Palomar Holdings, Inc. has announced a strategic partnership with Neptune Flood, a private flood insurance provider, to accelerate growth in the US flood insurance market. As part of the collaboration, Neptune will becom...

Posted: Jun 27, 2025

AXA XL hires Philip Anderson as Senior Underwriter in Dallas

AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Philip Anderson as Senior Underwriter in Dallas to expand its energy underwriting capabilities. In his new role, Anders...

Posted: Jun 27, 2025

Chubb to launch new engineering centre in Bogotá, Colombia

Global insurer Chubb has announced plans to open a new engineering centre in Bogotá, Colombia, scheduled for October 2025. Joining existing engineering centres in India, Mexico, and Greece, the Bogotá centre will strengthen Chubb’s technological c...

Posted: Jun 27, 2025

S&P upgrades Convex Group entities credit ratings, assigns stable outlook

S&P Global Ratings has raised the financial strength ratings on re/insurer Convex group’s operating companies to ‘A’ from ‘A-‘, and assigned a stable outlook. The companies include: Convex Re Ltd., Convex Insuranc...

Posted: Jun 26, 2025

Marsh launches cyber insurance facility for mid-sized organisations

Marsh, an insurance broker and risk advisor within Marsh McLennan, has launched Cyber Unity, a new insurance facility for organisations with revenues up to €500 million across the European Union, as well as Israel, Norway, Serbia, and Turkey. In a...

Posted: Jun 26, 2025

Davies appoints James Ferris as CEO of Captive Management business

Davies, a specialist professional services and technology company, has announced the appointment of James Ferris as CEO of its Captive Management business, effective 1st July 2025. Based in Bermuda, Ferris succeeds Nick Frost, who will assume the...

Posted: Jun 26, 2025

K2 Cyber & Liberty Mutual partner on cyber insurance for small & medium-sized organisations

K2 Cyber, a K2 Insurance Services brand and the provider of Intelligent Cyber Insurance™, has entered a partnership with Liberty Mutual Insurance and its Ironshore programs group, to provide intelligent cyber insurance to small and medium-sized bu...

Posted: Jun 26, 2025

Oliver Wyman to acquire Validate Health, expanding healthcare analytics capabilities

Oliver Wyman, a management consulting firm and part of Marsh McLennan, has announced an agreement to acquire Validate Health, a healthcare analytics company that supports healthcare providers and Accountable Care Organisations (ACOs) in improving...

Posted: Jun 26, 2025

Cowbell partners with Zurich to expand insurance offerings for US SMEs

Cowbell, a cyber insurance provider focused on small and medium-sized enterprises (SMEs), has expanded its product lineup in the US by launching Zurich Select Plus, a co-branded insurance offering developed in partnership with Zurich North America...

Posted: Jun 26, 2025

Citizens CEO hails ‘tremendous’ impact of reforms on Florida’s property insurance market

Tim Cerio, President, CEO, and Executive Director of Citizens Property Insurance Corporation, has suggested that Florida’s property insurance market is strong and well on the path to recovery, largely due to legislative reforms enacted in 2022. Ac...

Posted: Jun 26, 2025

Corebridge & Venerable enter $2.8bn variable annuity transaction

Corebridge Financial has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, to reinsure all the variable annuities of its Individual Retirement business. Explained, Venerable is set to reinsure approximately $51 billion...

Posted: Jun 26, 2025

Descartes expands US Flood offer with new parametric product

Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has launched a new fully customisable Flood-at-Location parametric flood insurance product for US commercial customers. Backed by exte...

Posted: Jun 26, 2025

Robert Kennedy to succeed Carl Shuker as CEO, Howden UK & Ireland

Howden, the global insurance and reinsurance broking group, has announced the appointment of Robert Kennedy as CEO of Howden UK & Ireland, effective 1st October 2025. In this role, Kennedy will report to David Howden, CEO of Howden. Kennedy jo...

Posted: Jun 26, 2025