Reinsurance News

Aon appoints leaders to new APAC roles including CEO of Asia Reinsurance Solutions

Global re/insurance broking group Aon has named Soeren Soltysiak as Asia Chief Executive Officer (CEO), Reinsurance Solutions, alongside a number of other appointments designed to elevate its reinsurance leadership in the Asia Pacific (APAC) regio...

Posted: Mar 31, 2025

Everest appoints Joe Fobert as Head of US Retail Casualty & Industry Practices

Global insurance and reinsurance firm Everest has announced the appointment of Joe Fobert as Head of U.S. Retail Casualty and Industry Practices for Everest Insurance. In his new role, Fobert will report to William Hazelton, Executive Vice Preside...

Posted: Mar 31, 2025

Ukrainian companies start to benefit from Aon & EBRD fully operational war risk insurance facility

Now fully operational, the Ukraine Recovery and Reconstruction Guarantee Facility (URGF) is enabling companies operating in Ukraine to access a wider range of war risk insurance options. The URGF was launched by Aon and the European Bank for Recon...

Posted: Mar 31, 2025

The Hartford appoints new executives and restructures technology and operations divisions

The Hartford, a provider of insurance and financial services, has announced significant changes within its executive team and the introduction of a new organisational structure for its Technology and Operations functions. Shekar Pannala has been a...

Posted: Mar 31, 2025

SureGo receives Delegated Claims Authority from Lloyd’s

The North American and European operations of SureGo Administrative Services (SureGo), a sister company of Trawick International and a third-party administrator for international and special risk insurance, have received Delegated Claims Authority...

Posted: Mar 31, 2025

Allianz Trade’s Global Head of Reinsurance Benoît des Cressonnières to retire

Allianz Trade, a trade credit insurer, has announced the retirement of Benoît des Cressonnières, Global Head of Reinsurance of Allianz Trade and Chief Executive Officer (CEO) of Euler Hermes Reinsurance AG, on September 30th, 2025. Philippe Dessèv...

Posted: Mar 31, 2025

Lockton’s new Professional & Executive Risk practice to transform its global financial lines busines...

Independent insurance broker Lockton has announced the launch of Professional and Executive Risk, which integrates US-based Lockton Financial Services (LFS) and International ProFin teams under a single, global practice. Bringing together the expe...

Posted: Mar 31, 2025

The Fidelis Partnership’s Pine Walk hires Tim Morgan to launch new A&H MGA

Pine Walk Capital Limited, the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), has hired Tim Morgan to launch a new Accident & Health MGA. The new MGA is expected to launch later in 2025, subject to regula...

Posted: Mar 31, 2025

Rothesay, Pacific Life Re & PFI partner on Lloyds Banking Group pension longevity transaction

Lloyds Banking Group Pensions Trustees Limited has entered into its third and fourth longevity hedging insurance and reinsurance transactions, protecting in aggregate a further £5.1 billion of liabilities. This arrangement will further protect the...

Posted: Mar 31, 2025

Peak Re generates $187m net profit for 2024

Hong Kong-based global reinsurer Peak Re experienced a 6.7% year-on-year decrease in net profit to USD 187 million in 2024, according to the annual results of its parent company, Fosun International. Despite this dip in net profit, Peak Re’s gross...

Posted: Mar 31, 2025

Macquarie Asset Management’s InEvo Re enters PRT agreement with UK insurer

InEvo Re, a reinsurer established by Macquarie Asset Management, has reportedly entered into an agreement with a leading UK insurer to reinsure their PRT liabilities, including both pensions in payment and deferred pensioners. Based in Bermuda, In...

Posted: Mar 31, 2025

Fidelis names Jonny Strickle as Group Managing Director

Fidelis Insurance Holdings Limited, a specialty insurer, has announced the appointment of Jonny Strickle as Group Managing Director, reporting directly to CEO Dan Burrows. Strickle first joined Fidelis in 2020 and became the Group Chief Actuarial...

Posted: Mar 31, 2025

MS Amlin establishes Australian branch led by Matt Botfield

Lloyd’s global insurer and reinsurer, MS Amlin, has opened a branch of its Asia Pacific Reinsurance business, MS Amlin Pacific Pte. Ltd., in Sydney, expanding its presence to Australia, subject to Lloyd’s approval. The reinsurer has also app...

Posted: Mar 31, 2025

HDI Global UK & Ireland appoints Marcus Breese as new Head of Cyber Underwriting

HDI Global UK and Ireland has announced the appointment of Marcus Breese as Head of Cyber Underwriting, effective April 1st, 2025. In his new role, Breese will report to Antonia Osborne, Director of Underwriting, Corporate, HDI Global UK and Irela...

Posted: Mar 31, 2025

Convex sees 2024 net income hit $506m as underwriting result improves 57%

International specialty insurer and reinsurer Convex Group has revealed an underwriting result for 2024 of $381 million, up 57% from $242 million in 2023. Meanwhile, Convex’s net profit attributable to common shareholders was $506 million in...

Posted: Mar 31, 2025

Peak Re granted licence to operate in GIFT IFSC, India

Hong Kong-based global reinsurer Peak Reinsurance Company Limited (Peak Re) has secured a reinsurance branch licence as an IFSC Insurance Office (IIO) from the International Financial Services Centres Authority (IFSCA) on 20 February 2025 to condu...

Posted: Mar 31, 2025

ICEYE launches new hurricane data solution

ICEYE, a provider of satellite-based disaster management solutions, has launched a hurricane data solution, providing insurers with impact information from both wind and flooding within 24 hours of a hurricane making landfall in the US. “Usi...

Posted: Mar 31, 2025

Conduit Re CEO Trevor Carvey to retire

Trevor Carvey, Chief Executive Officer (CEO) and Director of Bermuda-domiciled property and casualty reinsurance group and the ultimate parent company of Conduit Re, Conduit Holdings, has notified the Board of his decision to step down from the ro...

Posted: Mar 31, 2025

Marsh reports strong growth in Transactional Risk Insurance market in 2024

Marsh, an insurance broker and risk advisor and a subsidiary of Marsh McLennan, has published its 2024 Transactional Risk Insurance Year in Review report, providing insights into key trends and developments in the market over the past year. Transa...

Posted: Mar 31, 2025

Cyberwrite & Howden extend cyber risk analytics partnership to 52 countries

Cyber insurance technology firm Cyberwrite has expanded its partnership with re/insurance broking group Howden, making its cyber risk analytics available in 52 countries and seven languages. Howden and Cyberwrite first announced its collaboration...

Posted: Mar 31, 2025

Noelene Palmer to succeed Nigel Fitzgerald as Steadfast COO

Australian insurance broking and distribution group Steadfast has promoted Noelene Palmer to Chief Operating Officer (COO), as current COO Nigel Fitzgerald announces that he will step down on July 1st, 2025, to pursue a personal business venture....

Posted: Mar 31, 2025

China Re’s net profit up ~91% in 2024

China Re, the country’s state-owned reinsurance company, reported a net profit of RMB 11,080,440 million (USD 1.53bn) for the year ended 31 December 2024, marking a roughly 91% increase from RMB 5,790,593 million (USD 797m) recorded the same perio...

Posted: Mar 28, 2025

Personal cyber insurance protection gap growing: Triple-I and HSB

Despite a large number of consumers being routinely victims of cybercrime, most of them do not have personal cyber insurance, according to a recent report by the Insurance Information Institute (Triple-I) and HSB. The Addressing the Personal Cyber...

Posted: Mar 28, 2025

Talcott enters major reinsurance agreement with Japan Post Insurance

Talcott Financial Group, a life insurance provider specialising in risk solutions, has announced a reinsurance agreement between its subsidiary, Talcott Life Re, Ltd., and Japan Post Insurance Co., Ltd. As part of the transaction, Talcott Life Re...

Posted: Mar 28, 2025

Everest promotes Jeanmarie Giordano to North America CUO

Global reinsurance and insurance firm Everest has announced the promotion of Jeanmarie Giordano to the role of North America Chief Underwriting Officer. With nearly three decades of industry experience, Giordano brings extensive expertise to her n...

Posted: Mar 28, 2025