Reinsurance News
French reinsurer CCR Re has sponsored the seventh vintage of its collateralised reinsurance sidecar vehicle, 157 Re 25. According to the announcement, CCR Re has made a number of improvements to the operation of 157 Re to facilitate future renewal...
Posted: Jan 08, 2025
Aon, a global professional services firm, has formed a partnership with Moody’s to provide insurance and risk management solutions for clients. This collaboration allows Aon’s Credit Solutions teams to connect their clients with Moody’s, helping t...
Posted: Jan 08, 2025
Jack Falvey has officially assumed the role of Chief Executive Officer of maritime risks insurer, Falvey Insurance Group, effective January 1st, 2025, following the previously announced appointment of Mike Falvey as the Executive Chairman. Falvey...
Posted: Jan 08, 2025
Insurer Core Specialty and its subsidiaries have entered into a series of transactions with certain subsidiaries of Argo Group International Holdings to acquire the renewal rights and related unearned premium reserves for a significant portion of...
Posted: Jan 07, 2025
Porch Group, a homeowners insurance and vertical software platform, has completed the formation of Porch Insurance Reciprocal Exchange (PIRE), a new homeowners insurance reciprocal exchange, alongside the sale of Homeowners of America Insurance Co...
Posted: Jan 07, 2025
Global broking group Aon expects the reinsurance market to remain largely attractive for both buyers and sellers of protection in the months ahead, but has called on reinsurers to demonstrate their value as they target top line growth. In its late...
Posted: Jan 07, 2025
Benoît-Laurent Yerna, Chief Risk Officer (CRO) and Board Member of Belgium domiciled insurer Ethias Group, has revealed that after months of work, Ethias Re, the firm’s brand new reinsurance company, has officially launched. Ethias Group is...
Posted: Jan 07, 2025
London-domiciled, Lloyd’s Approved Coverholder, energy sector managing general agent Volt Underwriting has appointed Louis Scott as Senior Underwriter, Power and Renewable Energy, effective immediately. Scott joins the firm after spending 12 years...
Posted: Jan 07, 2025
Lovell Minnick Partners (LMP), a private equity firm focused on investing in financial services, business services and fintech, has signed a definitive agreement to make a strategic growth investment in the independent financial services consultan...
Posted: Jan 07, 2025
Specialty insurer Ryan Specialty has agreed to acquire Nashville, Tennessee-based managing general underwriter Velocity Risk Underwriters, LLC for $525 million from funds managed by Oaktree Capital Management, L.P., expanding its property catastro...
Posted: Jan 07, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has appointed Robert Malone as Head of Large Accounts and Portfolio Management of its Cyber Insurance team in the Americas. Based in New York, Malone re...
Posted: Jan 07, 2025
The US commercial insurance sector saw a composite rate increase of 2.64% in Q4 2024, bringing the total increase for the year to 3.75%, down from 4.56% in 2023, according to a recent analysis by MarketScout. Richard Kerr, CEO of Novatae, observed...
Posted: Jan 07, 2025
Risk capital and broking solutions firm, Augment Risk, has hired Alejandro Solorzano from XS Global, who joins the organisation to help it expand its parametric risk transfer offering across the Latin America region. Solorzano has joined the compa...
Posted: Jan 07, 2025
iprism, a Managing General Agent (MGA), has announced a new multi-year capacity deal with global insurer Zurich. Under the deal, Zurich will provide Property and Casualty capacity for iprism’s Property Owners and Commercial Combined products, expe...
Posted: Jan 07, 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has completed its previously announced acquisition of the remaining 51.5% of Carpenter Turner, an Athens-based reinsurance broking and advisory business. Now operating as Guy Carpenter...
Posted: Jan 07, 2025
French reinsurer CCR Re has announced the appointment of Ludovic Boulanger as Life Underwriter. Boulanger brings over 18 years of experience in life actuarial science, with extensive expertise in life reinsurance across areas such as protection, l...
Posted: Jan 07, 2025
Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has completed a second buy-in with the Trustee of the C&J Clark Pension Fund – CJC Section and Flexible Section (the Fund) for £540 million. This fol...
Posted: Jan 07, 2025
Global reinsurer capital increased 7%, or $45 billion from $670 billion at the end of 2023 to a new high of $715 billion at September 30th, 2024, with growth in both traditional and alternative capital on the back of retained earnings, unrealised...
Posted: Jan 07, 2025
Australian insurer IAG has successfully placed its catastrophe reinsurance program for 2025, purchasing slightly less protection than in 2024. The program includes a main catastrophe cover for two events up to $10 billion and an unchanged attachme...
Posted: Jan 07, 2025
During a recent interview with Reinsurance News, Christian De Monte, Lloyds Bank Corporate & Institutional Banking Head of Insurance and Group Subsidiaries, discussed what the firm’s main priorities are for its insurance business through...
Posted: Jan 07, 2025
Independent insurance broker Lockton has appointed Christina Ong as an Executive Director for Lockton Asia, effective immediately, based in Singapore. Ong joins the broker with four decades of industry experience across Asia and Europe. She will r...
Posted: Jan 07, 2025
Bermuda domiciled independent, multi-line managing general agent, Helix Underwriting Partners Ltd., has announced that its subsidiary Helix Underwriting Partners USA Ltd. is now officially open for business, Led by Greg Butler, Helix USA offers pr...
Posted: Jan 07, 2025
French reinsurer SCOR has announced the appointment of Julia Willberg as Global Head of Cedant Facultative Underwriting for SCOR P&C and a member of the P&C Management Team. In a recent LinkedIn post, SCOR noted, “Julia brings a wealth of...
Posted: Jan 07, 2025
Analysts at Peel Hunt estimate that loss-free risk-adjusted rates across a diversified reinsurance portfolio fell by around 6% at the January 1st, 2025, renewals, but stress that rate adequacy remains “very attractive” in property clas...
Posted: Jan 06, 2025
Commercial insurance distribution platform Bold Penguin has appointed Peter Settel as its new Chief Executive Officer (CEO) and President, succeeding outgoing CEO and founder, Ilya Bodner. As per Bold Penguin, Settel holds over twenty-five years o...
Posted: Jan 06, 2025