Reinsurance News
EPIC Insurance Brokers & Consultants, a provider of insurance and risk management services, has announced the appointment of James Enelow as Executive Managing Principal, Client Engagement. In this role, Enelow will lead a coordinated approach...
Posted: Mar 28, 2025
In 2024, global insurance carriers experienced a year of improved underwriting performance and capital recovery, which contrasted with growing concerns around reserving volatility and widening loss gaps, according to a recent analysis by Howden Re...
Posted: Mar 28, 2025
Insurtech hyperexponential (hx) has launched a suite of AI-powered capabilities, hx AI, at its first AI event in London. According to the insurtech, hx AI is designed to revolutionise pricing, actuarial and underwriting productivity and decision-m...
Posted: Mar 28, 2025
Tokio Marine Kiln (TMK), a global specialty insurer, has appointed James Wilson as Head of Special Risks, starting in the autumn. In his new role, Wilson will report to Vivek Syal, Chief Underwriting Officer for TMK, and is tasked with expanding t...
Posted: Mar 28, 2025
Following strong returns in 2023 and 2024, return on equity (ROE) has improved for the European reinsurance sector, which has now exceeded cost of equity in three of the last four years, according to Goldman Sachs. Prior to 2023 and 2024, the rein...
Posted: Mar 28, 2025
Japanese property and casualty (P&C) insurer Mitsui Sumitomo Insurance Co., Ltd. (MSI) has agreed to acquire 15% of commercial lines P&C insurance holding company, W. R. Berkley Corporation’s outstanding common stock via open market...
Posted: Mar 28, 2025
Global climate risk solutions platform Arbol has expanded its leadership team with strategic hires to drive growth across artificial intelligence (AI), insurance, agriculture, and energy storage. Arnav Tripathy, who has joined Arbol as its new Hea...
Posted: Mar 28, 2025
Assurex Global, a privately held commercial insurance, risk management, and employee benefits brokerage group, has announced the addition of Cowan Group Ltd. to its network, effective March 17, 2025. Established in 1927, Cowan Group Ltd., through...
Posted: Mar 28, 2025
Venerable, owner and manager of legacy variable annuity business, has announced the appointment of George Alvites and Angie Ellis as Vice President, Head of Audit and Vice President, Compliance, respectively. The firm also announced the promotion...
Posted: Mar 28, 2025
Insurer Allianz Trade in Asia Pacific has appointed Wongi Kim as the Country Manager for South Korea, effective April 1st, 2025, succeeding Andy Ryoo. Ryoo, a seasoned trade credit professional retires from the role after a career spanning over 22...
Posted: Mar 28, 2025
J.P. Morgan, a financial services firm, recently conducted an in-depth analysis of the potential effects of US tariffs on the insurance industry. Their findings suggest that personal lines insurers, which include companies providing auto and home...
Posted: Mar 27, 2025
Ryan Specialty has appointed former Aon executive Steve Keogh as the Chief Operating Officer, effective May 1st, 2025. Keogh is an industry veteran who started his career at Aon Global Risk Consulting as a Financial Analyst in 1988, subsequently s...
Posted: Mar 27, 2025
Xceedance, a global provider of technology and digital solutions, has strategically invested in Friendly, a San Francisco-domiciled artificial intelligence company focused on life & health (L&H) underwriting, claims management, and risk as...
Posted: Mar 27, 2025
Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has announced the expansion of its Cowbell Connectors to more than 30 integrations with top security and cloud service providers. Cowbell Connectors enhance cyber r...
Posted: Mar 27, 2025
Won Myung-soo, Director of Satellite Imagery Analysis, National Forestry Service, stated that the Uiseong fire in South Korea quickly began spreading on Wednesday, reaching the coastal county of Yeongdeok 51 km (32 miles) away in just 12 hours, wi...
Posted: Mar 27, 2025
Allianz UK has appointed Adam Lloyd as Chief Underwriting Officer and Claire Buck as Chief Technical Officer, a newly created role, in its Commercial arm covering Mid Corp, Fleet, and Digital/SME, effective April 14. According to Allianz, both Llo...
Posted: Mar 27, 2025
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