Reinsurance News
AM Specialty Insurance Company (ASIC), a provider of specialised insurance products, has appointed Stefanie Milch as its new Head of Claims. The firm stated that this appointment underscores its commitment to providing innovative risk solutions su...
Posted: Mar 27, 2025
Goldman Sachs Asset Management, an investment firm managing assets across diverse sectors, has released its 14th Annual Global Insurance Survey, offering insight into how insurers are adjusting their investment strategies in response to evolving e...
Posted: Mar 27, 2025
Howden has announced the launch of Howden Re Taiwan, appointing Jimmy Tsai to lead the office as Managing Director. Tsai, who will join Howden in June this year, has over 15 years of experience in the Taiwanese and Asian reinsurance market. He beg...
Posted: Mar 27, 2025
Willis, a WTW business, has launched AdWrap, a master-controlled insurance program designed to streamline production insurance for businesses and their contracted vendors. AdWrap offers a cost-effective and transparent solution for companies produ...
Posted: Mar 27, 2025
Bermuda-domiciled specialty managing general agent (MGA), Banyan Risk, has entered into a long-term strategic alliance with global reinsurer PartnerRe to expand its Directors and Officers (D&O) insurance capacity up to $10 million. As per the...
Posted: Mar 27, 2025
Standard Ethics has upgraded Munich Re’s Corporate Standard Ethics Rating (SER) to “EE+” 1 from the previous “EE”. Munich Re has been rated by Standard Ethics since 2016 and is part of both the SE German Index and the SE European 100 Index. Standa...
Posted: Mar 27, 2025
Insurance and analytics provider Verisk has announced that its Board of Directors has nominated Christopher J. Perry and Sabra R. Purtill to stand for election as Directors at the company’s Annual Meeting on May 20th, 2025. Perry brings over 25 ye...
Posted: Mar 27, 2025
R+V Re, a German reinsurer and part of the non-listed R+V Versicherung AG, has announced the appointment of Marina Sokolova as Chief Underwriting Officer, effective July 1, 2025. Sokolova, who will become a member of R+V Re’s executive team, will...
Posted: Mar 26, 2025
The Baldwin Group’s reciprocal insurance exchange, Builder Reciprocal Insurance Exchange (BRIE), has entered into a note purchase agreement to raise $110 million of surplus financing through the issuance of surplus debentures (the notes). BR...
Posted: Mar 26, 2025
Canada Life Reinsurance, a provider of reinsurance solutions, has recently announced the upcoming retirement of Gabriel Kelly, a key contributor to the company’s success for over three decades, and the appointment of Eamon Loughnane as the new lea...
Posted: Mar 26, 2025
Bermuda-based life and annuity reinsurance company Aspida Life Re has announced the appointment of Elinor Friedman to its Board of Directors. Friedman is a seasoned actuary bringing nearly 30 years of experience in the re/insurance industry. She s...
Posted: Mar 26, 2025
Karen Clark & Company (KCC) has launched the newest version of their open loss modelling platform, RiskInsight® Version 4.14, which includes new features and performance enhancements that will benefit re/insurers. The update enhances RiskInsig...
Posted: Mar 26, 2025
Global reinsurer Munich Re has appointed Joshua Hackett as Head of Casualty for Munich Reinsurance America, Inc., effective March 31st, 2025. In this role, Hackett will report to Marcus Winter, President & CEO of Munich Re – North America, and...
Posted: Mar 26, 2025
Hannover Re, one of Europe’s big four reinsurers, with the support of Parametrix, has secured $20 million of retrocessional protection for losses caused by a sustained cloud outage event, with this second catastrophe bond transaction 45% lar...
Posted: Mar 26, 2025
The Ardonagh Group has launched Ardonagh Intelligence, a new global data and technology unit aimed at harnessing the best of robotics, machine learning, and data enrichment across its businesses. “Ardonagh Intelligence will create a single v...
Posted: Mar 26, 2025
Danish Iqbal has been appointed as the new Chief Executive Officer (CEO) of Somerset Re, a reinsurer for life insurance and annuity companies, effective April 30th, 2025. Iqbal is succeeding Jeff Burt, who will become co-CEO of recently launched A...
Posted: Mar 26, 2025
Lloyd’s of London coverholder Kita has significantly increased its underwriting capacity for 2025, securing £22.5 million capacity for carbon credit risks across the globe. According to Kita, this new development demonstrates the market’s re...
Posted: Mar 26, 2025
VIG Re, the reinsurance arm of Prague-based Vienna Insurance Group, has announced the appointment of Marc Haushofer as Executive Director of International Business Development, effective May 1st, 2025. Haushofer brings over 40 years of experience...
Posted: Mar 26, 2025
Bermuda-domiciled, Roosevelt Road Re’s managing general agency (MGA) Tradesman Program Managers has appointed Kevin Pugh as the Chief Underwriting Officer of the construction group. In the new role, Pugh will oversee the construction business divi...
Posted: Mar 26, 2025
Ventis, a Managing General Agent (MGA) specialising in Commercial and Residential insurance, has reported strong growth in its first full year of trading, underwriting £12 million in gross written premiums. Since its January 2024 launch, Ventis ha...
Posted: Mar 26, 2025
Maritime risks insurer Falvey Insurance Group has announced the appointment of Gina Perini to its Board of Directors. Perini currently serves as Chair of the Board and Chief Executive Officer at Somos, Inc., where she has worked for the past 12 ye...
Posted: Mar 26, 2025
Legacy acquirer DARAG Group has signed an agreement with UK-based insurer Soteria Insurance Limited (SIL), formerly the underwriting arm of the Co-operative Group. Under the Loss Portfolio Transfer (LPT), DARAG Deutschland AG will reinsure a portf...
Posted: Mar 26, 2025
Australian Reinsurance Pool Corporation (ARPC) has provided preliminary loss estimates on ex-Tropical Cyclone Alfred, with initial modelling indicating that total losses covered by the Cyclone Reinsurance Pool are approximately A$1.7 billion. The...
Posted: Mar 26, 2025
According to Evercore’s reinsurance renewals report, growth in dedicated reinsurance capital is expected to outstrip growth in demand, resulting in pressure being put on property catastrophe pricing that will likely accelerate throughout 202...
Posted: Jan 10, 2025
Global credit ratings agency AM Best has placed Velocity Specialty Insurance Company’s (VSIC) Financial Strength Rating of A- and Long-Term Issuer Credit Rating of “a-” under review with positive implications. This is following the recent announce...
Posted: Jan 10, 2025