Reinsurance News

Pension Insurance Corporation (PIC), the specialist insurer of defined benefit pension schemes, has concluded its first full scheme buy-in with Mosaic. Mosaic is PIC’s streamlined service for pension schemes with assets under £100 million. A...

Posted: Dec 20, 2024

Insurance and reinsurance broking group Gallagher has announced the appointment of Hassan Ashtari as Chief Client Officer for its Middle East and Africa specialty and facultative reinsurance operations. This newly created role reflects Gallagher’s...

Posted: Dec 20, 2024

MAPTYCS, a provider of advanced geospatial analytics solutions for the insurance sector, has announced the appointment of Daniel Grimwood-Bird as its Chief Revenue Officer. In this role, Grimwood-Bird will spearhead the company’s sales and marketi...

Posted: Dec 20, 2024

Zurich-based catastrophe insurance data provider PERILS has released its fourth and final insurance industry loss estimate for the Australia Christmas storms which impacted the the states of Victoria, New South Wales, and Queensland during the per...

Posted: Dec 20, 2024

DARAG Group, a legacy acquirer specialising in the European market, has officially completed the transfer of its North American and Bermuda operations to RiverStone Group, after obtaining the necessary regulatory approval. This transaction, origin...

Posted: Dec 20, 2024

Lockton Re, the reinsurance arm of the independent insurance broker, has launched Lockton Re Portfolio Solutions, a business segment dedicated to Programmes and Managing General Agents (MGA) in the United States. The new business segment will offe...

Posted: Dec 20, 2024

W.R. Berkley Corporation has announced that Berkley Insurance Company has received regulatory approval from the International Financial Services Centres Authority (IFSCA) to launch a branch office in India. The new branch, Berkley Insurance Compan...

Posted: Dec 20, 2024

Prevensure Group, a provider of re/insurance broking, underwriting services, and bespoke risk management solutions, has announced the appointment of Chandan Thakur as Divisional Director – Cyber & Financial Lines for its Prevensure Re team. Pr...

Posted: Dec 20, 2024

International insurer Tokio Marine Kiln (TMK) has released a new report outlining the market opportunity for brokers and insurers to support founders in the ‘FemHealth’ sector, emphasising that insurance is crucial for unlocking growth in this spa...

Posted: Dec 20, 2024

Allianz UK is heavily investing in its commercial digital trading team to accelerate profitable growth in the digital marketplace. This includes new appointments and promotions within the team, and an enhanced focus on seamless digital journeys. B...

Posted: Dec 20, 2024

Global insurance and reinsurance broking group Aon has released its latest capital poll, which showcases that most US insurers expect to exceed a growth rate of 5% in 2025. According to the firm, many survey respondents foresee a favorable environ...

Posted: Dec 19, 2024

The Global Federation of Insurance Associations (GFIA), which represents the interests of the global insurance industry, has appointed Stephen Frank as its new president and made changes to its executive committee during its general assembly in So...

Posted: Dec 19, 2024

MS&AD’s corporate venture fund, MS&AD Ventures, has increased by US $100 million, bringing the fund’s total amount under management to US $400 million. MS&AD Ventures, the first Corporate Venture Capital (CVC) of a Japanese insurance c...

Posted: Dec 19, 2024

US insurance and investment firm, Prudential Financial Inc., has closed a reinsurance transaction for a portion of its guaranteed universal life block with Wilton Re. Readers may recall, in August, Prudential Financial entered into an agreement wi...

Posted: Dec 19, 2024

Ryan Specialty has announced the appointment of Shawn Yingling as Chief Retail Distribution Officer for its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Miles Wuller, President & CEO of RSUM, expressed enthusias...

Posted: Dec 19, 2024

Aon has expanded its Climate Risk Monitor solution, launched in March this year, to include enhanced flood risk capability through its most recent collaboration with flood expert, Fathom. This partnership looks to assist clients to better understa...

Posted: Dec 19, 2024

Deutsche Bank has released its 2025 outlook for European and UK P&C insurers, highlighting the increasing importance of efficiency in the face of evolving P&C market dynamics. The report notes that primary insurers have outperformed reinsu...

Posted: Dec 19, 2024

Crescent Specialty, an MGA and Wholesale Brokerage firm, has announced that it is now a Lloyd’s of London Coverholder. Headquartered in Houston, Texas, Crescent Specialty is an independent, employee-owned business initially dedicated to the...

Posted: Dec 19, 2024

The Trustees of the Airways Pension Scheme have completed a £340 million longevity swap transaction with Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, and Zurich UK. This arrangement aims to help to mitigate the financial ris...

Posted: Dec 19, 2024

Chubb’s excess and surplus lines division, Westchester, has promoted Nick Gatt, formerly Chief Operating Officer (COO) for Westchester Programs, to Head of the division. In the new role, he reports to Dave Lupica, Division President of Westchester...

Posted: Dec 19, 2024

London-based Volt Underwriting, a Lloyd’s approved coverholder, has announced a significant increase in its underwriting capacity for 2025, as it has secured a new $37.5 million binding authority for onshore power and renewable energy risks in the...

Posted: Dec 19, 2024

Dubai Aerospace Enterprise (DAE) has revealed that it has received $201 million in cash settlements over the past three months from selected insurance companies for aircraft previously leased to airline carriers in the Russian Federation. For cont...

Posted: Dec 19, 2024

The European Insurance and Occupational Pensions Authority (EIOPA) has published the results of a stress test, in which it assessed European insurers’ ability to manage the economic and financial fallout from a resurgence of geopolitical ten...

Posted: Dec 19, 2024

Bermuda-based reinsurance company PartnerRe has announced updates within its Life leadership team, appointing Kevin O’Regan as CEO, Global Longevity, and expanding John Mok’s role to CEO, Life & Health APAC & EMELA, both effect...

Posted: Dec 19, 2024

Reinsurance broker Augment Risk has launched its newly created captive and alternative risk transfer solutions offering, and appointed Steve McElhiney to lead this new venture. Augment Risk’s new captive and alternative risk transfer solutio...

Posted: Dec 19, 2024