Reinsurance News
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, 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
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
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
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
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
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 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
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
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 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
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
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, 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
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 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, 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, 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, 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, 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, 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
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 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 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
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