Reinsurance News
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
Apollo, an insurance platform, has announced the appointment of Mike Krefta as Non-Executive Director of Apollo Syndicate Management Limited, pending regulatory approval. With over two decades of experience in the insurance industry, spanning both...
Posted: Apr 01, 2025
Allianz Partners New Zealand has formed a strategic partnership with Mitsui Sumitomo Insurance Company Limited New Zealand Branch (MSI NZ), part of the MS&AD Insurance Group, to enhance and diversify insurance solutions in New Zealand. Effecti...
Posted: Apr 01, 2025
Gallagher Re has announced the appointment of Dr. Michael Pickel as Executive Chair for DACH and Italy, where he will work together with the leadership teams in both regions. Pickel brings a total of 36 years in the reinsurance industry, represent...
Posted: Apr 01, 2025
Aon, a global risk management and professional services firm, has released its 2025 April Reinsurance Market Dynamics Report, detailing favourable conditions for buyers during the April 1 renewals, a period heavily focused on Asia and particularly...
Posted: Apr 01, 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has appointed Louise Kidd as the new Head of Underwriting for Europe. With over 22 years of experience in the insurance...
Posted: Apr 01, 2025
South Korea’s worst wildfire in history could prompt insurers to strengthen their risk management and underwriting expertise, and to potentially seek more protection through reinsurance, as the event could make individuals seek more protecti...
Posted: Apr 01, 2025
Aon, a risk management and professional services firm, has provided its 2024 UK Risk Settlement Market Update, highlighting a year of significant milestones for the bulk annuity and longevity swap markets. According to the report, the UK bulk annu...
Posted: Apr 01, 2025
Protection gaps across all sectors of the insurance industry are set to widen by 2030 as insurers grapple with unsustainable rate-driven growth, according to a new report from Bain & Company, a management consultancy. The study, “Bridgin...
Posted: Apr 01, 2025
Arch Insurance International has appointed James Barrett as Head of Cyber & Healthcare, effective immediately. Barrett has served as Interim Head of Cyber since October 2024, in addition to his role as Head of Healthcare, which he has held sin...
Posted: Apr 01, 2025
With the support of its Members, regulators, and HM Treasury, Pool Re, Great Britain’s government-backed terrorism reinsurer, has completed its transition to a modernised catastrophe treaty reinsurance scheme. Originally announced in March 2024, t...
Posted: Apr 01, 2025
Austral Re has reported a record net profit of BRL 75 million for 2024, an increase of 155% compared to 2023. The firm stated that this record was achieved despite the catastrophic scale of flood losses in Rio Grande do Sul, showcasing its resilie...
Posted: Apr 01, 2025
Global reinsurer capital increased by almost 7% over the course of 2024 to a new high of $715 billion, driven by strong retained earnings and an expanding catastrophe bond market, according to insurance and reinsurance broking group, Aon. Aon̵...
Posted: Apr 01, 2025
Global multi-line insurer Zurich Insurance Group has strategically invested in Icen Risk (Icen), a specialist M&A insurer which offers bespoke coverage for Warranty & Indemnity, Tax, IP, and Environmental risks in European mid-market M&...
Posted: Apr 01, 2025
Chubb Bermuda, part of the global insurance carrier, has promoted David Jenkins to the role of Senior Vice President (SVP), Head of Bermuda Property, effective immediately. In his new role, Jenkins will oversee all Bermuda-domiciled property under...
Posted: Apr 01, 2025
Headline reinsurance rate changes in Japan at the April 1st renewals show “accelerate softening” when compared to the major international renewals at January 1st, with more capacity and optionality for buyers a clear trend, as traditio...
Posted: Apr 01, 2025
Willis, a WTW business, has revealed that health and safety risks remain a leading priority for directors and officers across the globe. According to the latest Directors and Officers Liability Insurance Survey, 80% of respondents consider these r...
Posted: Apr 01, 2025
Kennedys IQ, the client-facing technology division of Kennedys Law LLP, has launched Kennedys IQ SmartRisk, a pioneering neuro-symbolic AI solution designed to transform risk analysis within the insurance industry. This innovative tool, described...
Posted: Apr 01, 2025
Japan risk-adjusted catastrophe excess-of-loss (XoL) rates on-line saw reductions of 10-15% at the April 1st, 2025, reinsurance renewals, as pricing “eased from a high base” as sellers looked to protect or grow positions while buyers l...
Posted: Apr 01, 2025
BOXX Insurance, a cyber insurance and protection company, has announced a new organisational structure, including the appointment of a new Canadian President, Jonathan Weekes. Neal Jardine will be joining Weekes team as Global Cyber Intelligence a...
Posted: Apr 01, 2025
Japanese life insurer Nippon Life Group backed venture capital fund, AllegisNL Capital, which invests in insurtechs, has provided funding to Lazarus AI. The funds aim to further Lazarus AI’s technology to expand its reach into the Japanese i...
Posted: Apr 01, 2025
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
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
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, 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