Reinsurance News

Swiss Re appoints Robin Spencer as COO for L&H Reinsurance

Global reinsurer Swiss Re has appointed Robin Spencer as Chief Operating Officer (COO) for its Life & Health Reinsurance (L&H Re) business unit, effective 1st September 2025. Based in London, Spencer will oversee Swiss Re’s global L&...

Posted: Aug 19, 2025

Hippo appoints Charles Sebaski as Head of Investor Relations

Home insurance firm Hippo has announced the appointment of Charles Sebaski as Head of Investor Relations. In his new role, Sebaski will report to Guy Zeltser, Chief Financial Officer, and focus on broadening investor and analyst awareness of the s...

Posted: Aug 19, 2025

MSIG USA names Hank Kinne Regional Distribution Leader for Mountain and South Central States

MSIG USA, a specialty commercial insurance provider, has appointed Hank Kinne to lead distribution efforts across the Mountain and South Central states, reporting directly to Joseph Fitzpatrick, MSIG USA’s Head of Distribution. Kinne brings over 3...

Posted: Aug 19, 2025

S&P rates Liberty Mutual’s China unit ‘A-’ with stable outlook

S&P Global Ratings has assigned an ‘A-‘ local currency long-term issuer credit and financial strength rating to Liberty Insurance Co. Ltd. (Liberty China), the China-based underwriting entity of Liberty Mutual Group Inc. The outloo...

Posted: Aug 19, 2025

Law firm Smith Gambrell adds reinsurance partner Simon Kilgour

Global law firm Smith, Gambrell & Russell, LLP, has appointed UK-qualified dispute resolution partner, Simon Kilgour, to its London team. Opened in 2017, the firm’s London and Southampton offices house a robust global transportation practice c...

Posted: Aug 19, 2025

Mantas looks to be first parametric MGA in the UAE

Mantas, a provider of parametric cyber insurance and predictive analytics to help businesses mitigate cloud downtime risks, has secured In-Principle Approval (IPA) for a Category 4 licence from the Dubai Financial Services Authority (DFSA). The li...

Posted: Aug 19, 2025

MGA Elevate Specialty launches to revolutionise embedded & specialty insurance

Elevate Specialty, a new managing general agent (MGA), has officially launched, entering the UK market with a mission to transform embedded and specialty insurance. The company aims to help make protection a seamless part of customers’ lives, movi...

Posted: Aug 18, 2025

Kay Scholz succeeds Martin Pfister as Swiss Re’s Head of Credit & Surety Reinsurance

Swiss Re has appointed Kay Scholz as its new Head of Credit & Surety Reinsurance, effective 1st January 2026, succeeding Martin Pfister, who will assume the newly created role of Head of PRI and Structured Trade Credit Reinsurance. Scholz has...

Posted: Aug 18, 2025

RGA and Allianz Suisse complete $350m reinsurance transaction

Reinsurance Group of America, Incorporated (RGA), an international life and health reinsurer, has completed an asset-intensive reinsurance arrangement with Allianz Suisse Versicherungs-Gesellschaft AG. The agreement transfers market and insurance...

Posted: Aug 18, 2025

Aon invests in GLP-1 program specialist eMed

Aon has invested in eMed Population Health, a provider of GLP-1 programs, to expand employer-sponsored access to GLP-1 therapies and scale obesity treatment solutions. For those unaware, GLP-1 (glucagon-like peptide-1) is a hormone that helps regu...

Posted: Aug 18, 2025

AIG appoints Hallworth as new Chief Digital Officer

Global insurer American International Group, Inc. (AIG) has announced the appointment of Scott Hallworth as Chief Digital Officer, effective September 1. Based in New York, Hallworth will joinf AIG’s Executive Leadership Team. He will initially re...

Posted: Aug 18, 2025

Gallagher closes $13.45bn acquisition of AssuredPartners

Global insurance brokerage Arthur J. Gallagher & Co. has announced the completion of its acquisition of US insurance broker AssuredPartners. In December 2024, Gallagher entered into a definitive agreement to acquire AssuredPartners from GTCR f...

Posted: Aug 18, 2025

AM Best maintains negative outlook on Brazil’s reinsurance market

Credit rating agency AM Best has announced it is maintaining a negative outlook on Brazil’s reinsurance market segment, citing political uncertainty and tax reform measures that are pressuring the industry’s profitability. The report noted that re...

Posted: Aug 18, 2025

BHSI promotes Irfan Esa to Head of National Business, UK

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has promoted Irfan Esa to Head of National Business in the UK. Esa brings over two decades of experience in the UK insur...

Posted: Aug 18, 2025

Mercury targets growth in higher wildfire risk areas with new California rate filing

Mercury Insurance, a California-based provider of auto and home insurance, has submitted a rate filing for its California Homeowners program, based on the State’s Sustainable Insurance Strategy, to expand coverage in high-risk wildfire zones...

Posted: Aug 18, 2025

Zhibao Technology signs agreement to form joint venture for risk reduction services in China

Zhibao Technology Inc., a China-based InsurTech company specialising in digital insurance brokerage, has announced that it has entered into an agreement to establish a joint venture with Beijing Zhongfang Hongchuang Technology Company Limited, a w...

Posted: Aug 18, 2025

Sukoon Insurance names Sandy Warne as Active Underwriter for Syndicate 2880

Sukoon Insurance has announced the appointment of Sandy Warne as Active Underwriter for Syndicate 2880. Warne brings nearly 30 years of experience in the re/insurance industry, spanning specialty lines insurance broking, underwriting, and reinsura...

Posted: Aug 18, 2025

Just Group secures £56m full-scheme buy-in for Brother Staff Pension Scheme

Just Group has completed a £56 million full-scheme buy-in with the Brother Staff Retirement Benefits Scheme, securing the benefits of all 679 Scheme members, comprising 299 pensioners and dependents, as well as 380 deferred members. The scheme is...

Posted: Aug 18, 2025

Swiss Re and Berkshire Hathaway top global reinsurer rankings

New data from AM Best reveals that Swiss Re has taken over from Munich Re as the world’s largest reinsurer for companies that report under IFRS 17, with Berkshire Hathaway taking the top spot for non-IFRS 17 reporters, based on year-end 2024...

Posted: Aug 18, 2025

Profitability strong for global emerging market reinsurers: Fitch

According to Fitch Ratings, the profitability of the global emerging market reinsurer group, which includes Patria, Ocean Re, Eureka Re, Oman Re, and ASR Re, has been strong, with return on equity generally ranging from 5% and 22% over the past tw...

Posted: Aug 18, 2025

Howden Re names Candy Wong as Head of Treaty for Hong Kong

Howden Re, the global reinsurance broking arm of Howden Group, has appointed Candy Wong as Head of Treaty for Hong Kong, effective August 18th, 2025. The appointment aims to further strengthen Howden Re’s commitment to building a differentiated, c...

Posted: Aug 18, 2025

Acquinex bolsters senior leadership team with appointment of Josh Cowen as CEO

Acquinex, the specialist financial lines managing general agent (MGA), has strengthened its leadership team with the appointment of Josh Cowen as Chief Executive Officer (CEO). This appointment follows that of both co-founders, Chris Jackson and C...

Posted: Aug 18, 2025

AM Best revises credit ratings for Milli Re, citing improved capital position and economic stability

AM Best, a credit rating agency focused on the insurance industry, has upgraded the credit ratings of Millî Reasürans Türk Anonim Şirketi (Milli Re), a Türkiye-based reinsurance company. The Financial Strength Rating (FSR) has been raised from C+...

Posted: Aug 18, 2025

Hupman promoted to SRS Bermuda Head of Office, Reiss appointed Chair

Strategic Risk Solutions (SRS), a provider of insurance management and consulting services, has announced the promotion of Andrew Hupman to Head of Office for SRS Bermuda. Hupman has been with the SRS Bermuda office since 2008 and will continue to...

Posted: Aug 18, 2025

Dragos report estimates up to $330bn in global OT cyber risk

Dragos Inc., a company specialising in cybersecurity for operational technology (OT) environments, has released its 2025 OT Security Financial Risk Report, produced with Marsh McLennan’s Cyber Risk Intelligence Center. The report applies statistic...

Posted: Aug 15, 2025