Reinsurance News
Kevin J. O’Donnell, President and CEO of RenaissanceRe, explained that the company’s underwriting approach combines property lines with casualty and specialty to create an optimally efficient portfolio, enhancing its capacity to solve customers...
Posted: Mar 27, 2025
Sompo, a global provider of commercial and consumer P&C re/insurance, has expanded its operations in Continental Europe with authorisation by regulatory authorities to write primary insurance locally in Belgium and the Netherlands. Sompo’...
Posted: Mar 27, 2025
Global insurance intermediary The Ardonagh Group has reported a 24% increase in income for the full year 2024 (FY’24) to $1.99 billion as adjusted EBITDA grew by 31% to $683 million. The pro forma income for FY’24 was reported at $2.5 billion, and...
Posted: Mar 27, 2025
Fortitude Group Holdings, a wholly owned subsidiary of Fortitude Re, has announced the pricing of a private offering of $750 million aggregate principal amount of 6.25% senior unsecured notes due 2030. The company intends to use the net proceeds f...
Posted: Mar 27, 2025
Mangrove Property Insurance Company, a newly formed Florida insurer, has announced the appointment of Tim Cotton as Chief Operating Officer. Cotton, a seasoned leader in the property insurance industry, has 30 years of experience, including 28 yea...
Posted: Mar 27, 2025
MAPFRE Economics, the research arm of MAPFRE, a Spain-based insurance company, has raised its global growth forecast in its latest Economic and Industry Outlook 2025 report, projecting a 3.1% increase in global GDP for 2025, a slight upward revisi...
Posted: Mar 27, 2025
SiriusPoint has entered a strategic partnership with Balance Partners, a North American managing general underwriter, to provide capacity for Balance Partners’ new Excess Construction Liability program, Vertical, which underwrites lead and followi...
Posted: Mar 27, 2025
Veteran insurance and reinsurance executive Simone Camilla Oliveira has launched Uplift Strategy Consulting, a London-based boutique advisory firm that aims to drive transformations for re/insurers. Uplift Strategy Consulting helps its clients tra...
Posted: Mar 27, 2025
Bermuda-based global specialty insurer Ascot Group has announced the appointment of Edel Chatterton as Chief Financial Officer, Ascot U.K. and Ascot Underwriting Limited (AUL). In this role, Chatterton will oversee Ascot U.K.’s finance organ...
Posted: Mar 27, 2025
AM Specialty Insurance Company (ASIC), a provider of specialised insurance products, has appointed Stefanie Milch as its new Head of Claims. The firm stated that this appointment underscores its commitment to providing innovative risk solutions su...
Posted: Mar 27, 2025
Goldman Sachs Asset Management, an investment firm managing assets across diverse sectors, has released its 14th Annual Global Insurance Survey, offering insight into how insurers are adjusting their investment strategies in response to evolving e...
Posted: Mar 27, 2025
Howden has announced the launch of Howden Re Taiwan, appointing Jimmy Tsai to lead the office as Managing Director. Tsai, who will join Howden in June this year, has over 15 years of experience in the Taiwanese and Asian reinsurance market. He beg...
Posted: Mar 27, 2025
Willis, a WTW business, has launched AdWrap, a master-controlled insurance program designed to streamline production insurance for businesses and their contracted vendors. AdWrap offers a cost-effective and transparent solution for companies produ...
Posted: Mar 27, 2025
Bermuda-domiciled specialty managing general agent (MGA), Banyan Risk, has entered into a long-term strategic alliance with global reinsurer PartnerRe to expand its Directors and Officers (D&O) insurance capacity up to $10 million. As per the...
Posted: Mar 27, 2025
Standard Ethics has upgraded Munich Re’s Corporate Standard Ethics Rating (SER) to “EE+” 1 from the previous “EE”. Munich Re has been rated by Standard Ethics since 2016 and is part of both the SE German Index and the SE European 100 Index. Standa...
Posted: Mar 27, 2025
Insurance and analytics provider Verisk has announced that its Board of Directors has nominated Christopher J. Perry and Sabra R. Purtill to stand for election as Directors at the company’s Annual Meeting on May 20th, 2025. Perry brings over 25 ye...
Posted: Mar 27, 2025
R+V Re, a German reinsurer and part of the non-listed R+V Versicherung AG, has announced the appointment of Marina Sokolova as Chief Underwriting Officer, effective July 1, 2025. Sokolova, who will become a member of R+V Re’s executive team, will...
Posted: Mar 26, 2025
The Baldwin Group’s reciprocal insurance exchange, Builder Reciprocal Insurance Exchange (BRIE), has entered into a note purchase agreement to raise $110 million of surplus financing through the issuance of surplus debentures (the notes). BR...
Posted: Mar 26, 2025
Canada Life Reinsurance, a provider of reinsurance solutions, has recently announced the upcoming retirement of Gabriel Kelly, a key contributor to the company’s success for over three decades, and the appointment of Eamon Loughnane as the new lea...
Posted: Mar 26, 2025
Bermuda-based life and annuity reinsurance company Aspida Life Re has announced the appointment of Elinor Friedman to its Board of Directors. Friedman is a seasoned actuary bringing nearly 30 years of experience in the re/insurance industry. She s...
Posted: Mar 26, 2025
Karen Clark & Company (KCC) has launched the newest version of their open loss modelling platform, RiskInsight® Version 4.14, which includes new features and performance enhancements that will benefit re/insurers. The update enhances RiskInsig...
Posted: Mar 26, 2025
Global reinsurer Munich Re has appointed Joshua Hackett as Head of Casualty for Munich Reinsurance America, Inc., effective March 31st, 2025. In this role, Hackett will report to Marcus Winter, President & CEO of Munich Re – North America, and...
Posted: Mar 26, 2025
Hannover Re, one of Europe’s big four reinsurers, with the support of Parametrix, has secured $20 million of retrocessional protection for losses caused by a sustained cloud outage event, with this second catastrophe bond transaction 45% lar...
Posted: Mar 26, 2025
The Ardonagh Group has launched Ardonagh Intelligence, a new global data and technology unit aimed at harnessing the best of robotics, machine learning, and data enrichment across its businesses. “Ardonagh Intelligence will create a single v...
Posted: Mar 26, 2025
Danish Iqbal has been appointed as the new Chief Executive Officer (CEO) of Somerset Re, a reinsurer for life insurance and annuity companies, effective April 30th, 2025. Iqbal is succeeding Jeff Burt, who will become co-CEO of recently launched A...
Posted: Mar 26, 2025