Reinsurance News
As reinsurance capital continues to grow and keep pace with increasing demand from buyers, broking group Aon’s Reinsurance Solutions arm expects more than $7.5 billion of additional US property catastrophe limit demand at the mid-year renewa...
Posted: Apr 02, 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has appointed Caoimhe Gormley as Country Manager and Ciaran Reddin as Head of Executive & Professional (E&P) Lin...
Posted: Apr 02, 2025
Insurance and reinsurance marketplace Lloyd’s has revealed the 11 InsurTechs that have secured a place in the 14th Cohort of the Lloyd’s Lab Accelerator programme. The teams chosen include Faura, Satva Trust, QualRisk, Ocean Ledger, No...
Posted: Apr 02, 2025
Marsh, an insurance broker and risk advisor and a subsidiary of Marsh McLennan, has announced Lindsay Roos will succeed Christopher Reeves as CEO of Bowring Marsh Bermuda, its Bermuda-based international placement specialist, effective immediately...
Posted: Apr 02, 2025
Casualty General Third Party Liability (GTPL) in Japan at the April 1st, 2025, reinsurance renewals remained a challenging class of business, with excess-of-loss programmes with no loss emergence experiencing flat rates to up 5%, according to rein...
Posted: Apr 02, 2025
Broking network Brokerslink has welcomed new members from Mauritania and the Ivory Coast, further strengthening its presence in Africa. With these additions, Brokerslink now has broking partners and affiliates in 41 countries across the continent....
Posted: Apr 02, 2025
California-based insurer Mercury General expects to purchase more catastrophe reinsurance protection at its July 2025 renewal and anticipates the recent approval for a 12% rate increase in its California Homeowners business to help offset an expec...
Posted: Apr 02, 2025
Markel, the insurance arm of Markel Group Inc., has announced the appointment of Erik Johnson as Head of Technical Underwriting and Oversight, effective immediately. In this newly created position, Johnson will lead the International Technical Und...
Posted: Apr 02, 2025
Tech company FurtherAI has raised $5 million in funding, led by Nexus Venture Partners, to advance its commercial insurance AI, expand enterprise integrations, and grow its team. FurtherAI’s technology is trusted by top insurers and carriers globa...
Posted: Apr 02, 2025
US primary insurer Allstate has closed the previously announced sale of its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) for $2 billion. It has been confirmed that this transaction, along with the previousl...
Posted: Apr 02, 2025
S&P Global Ratings revised its outlook on RenaissanceRe Holdings Ltd. (RenRe) and its subsidiaries from stable to positive, reflecting the potential for a one-notch upgrade within the next 12 to 24 months if the Bermuda-based reinsurer maintai...
Posted: Apr 02, 2025
Following an announcement in November 2024, Lynn O’Leary has officially transitioned into her role as President, US, Global Specialty Lines at Intact Insurance Specialty Solutions , following a two-year stint as Chief Executive Officer (CEO)...
Posted: Apr 02, 2025
Global insurance and reinsurance broker Howden has announced the launch of Howden Auto Tracker, a new automated follow-form facility that combines tracker capacity and connected algorithmic capacity, giving brokers direct access to both from the s...
Posted: Apr 02, 2025
Willis, a business of WTW, and The Nature Conservancy (TNC) have launched a new $2.5 million wildfire resilience insurance for the Tahoe Donner Association in Truckee, California. Described as “first-of-its-kind,” this policy directly...
Posted: Apr 02, 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has launched a new cyber product, Cyber Proactive Response (CPR), aimed at businesses with revenues up to £250 million. CPR delivers broad and clear cyber coverage, with 30...
Posted: Apr 02, 2025
Rokstone, the international re/insurance MGA of the Aventum Group, has signed a five-year capacity agreement with Allianz Commercial, further expanding their existing partnership across multiple Commercial insurance lines. The agreement, executed...
Posted: Apr 02, 2025
The Insurance Council of Australia (ICA) has reported that insurance losses from ex-Tropical Cyclone Alfred and the North Queensland floods in February have now surpassed AU$ 1.2 billion. According to the ICA, insurers have received over 95,000 cl...
Posted: Apr 02, 2025
According to a recent report from BMO Capital Markets, social inflation is expected to persist for most insurers in 2025, marking the third consecutive year requiring additional reserves. BMO anticipates additional speed-bumps in 2025 due to lawsu...
Posted: Apr 02, 2025
J.S. Held has announced Lee Spirer, the company’s current President and Chief Operating Officer (COO) is to become the company’s next Chief Executive Officer (CEO) as Jonathon Held intends to step down from the role. J.S. Held is a global consulti...
Posted: Apr 02, 2025
Zep-Re (PTA Reinsurance Company) and African Export-Import Bank (Afreximbank) have launched the Trans-Africa Bond Alliance (TABA), a transformative initiative that aims to bridge the insurance capacity gap and empower African contractors to secure...
Posted: Apr 02, 2025
Increased competition, capacity and engagement have improved the Indian reinsurance market conditions at the recent April renewals, according to a market update by Aon, a risk management and professional services firm. Aon disclosed that reinsurer...
Posted: Apr 02, 2025
Tokio Marine HCC (TMHCC) International, part of the Tokio Marine HCC group of companies, has announced the promotion of David Feldman to Regional Head of Compliance, UK and Europe, at Tokio Marine Group, effective April 1, 2025. Feldman brings ext...
Posted: Apr 02, 2025
Global advisory, broking, and solutions firm WTW has announced the acquisition of Global Commercial Credit, LLC (GCC) into Willis, a WTW business. The move significantly bolsters WTW’s capabilities in trade credit and political risk insuranc...
Posted: Apr 01, 2025
Despite sizable claims from the LA wildfires in January, Moody’s anticipates strong earnings prospects for the four largest European reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR, in 2025, driven by persistently strong demand for re...
Posted: Apr 01, 2025
KPMG, a provider of audit, tax, and advisory services, has revealed the findings of its latest UK Financial Services Sentiment survey, showing a decline in confidence among financial services leaders regarding future profitability. As geopolitical...
Posted: Apr 01, 2025