Reinsurance News
Global insurer Chubb, has announced the appointment of Michael Babington as Head of Claims for Europe, Middle East and Africa (EMEA), effective 1 November 2025. Babington succeeds Richard Shanks, who will continue in the role until November. In hi...
Posted: Aug 05, 2025
The UK P&I Club, a provider of Protection & Indemnity insurance to the global shipping industry, has introduced UK Fixed, a Fixed Premium Protection & Indemnity (P&I) product specifically designed for owners of smaller vessels. Thi...
Posted: Aug 05, 2025
Insurance holding company W. R. Berkley Corporation has announced the appointment of Wayne Ashley as President of Berkley Re UK Limited, effective October 2025, and confirmed that he will take over as Chief Executive Officer (CEO) of the company i...
Posted: Aug 05, 2025
Japanese reinsurance group Toa Re has reported a strong financial performance for the fiscal year ending March 2025, with its net income increasing to 28.5 billion yen (USD 190 million). This year’s net income increased by 12.9 billion yen, or 121...
Posted: Aug 05, 2025
Greenlight Re reported net income of $0.3 million for Q2 2025, a sharp decline from $8.0 million in Q2 2024, primarily due to a $7.8 million investment loss this quarter versus $15.3 million in investment income a year earlier. David Einhorn, Chai...
Posted: Aug 05, 2025
Starr Insurance, a provider of commercial property and casualty insurance, has announced the retirement of Phil Finley as the President of Asia Pacific (APAC), and Chief Executive Officer (CEO) of Thailand. Effective August 1st, 2025, Sean Chen wi...
Posted: Aug 05, 2025
Howden, the global insurance and reinsurance broking group, has confirmed its entry into the U.S. retail market and has announced that Mike Parrish will lead the operations as Chief Executive Officer (CEO) of Howden U.S. At the same time, the brok...
Posted: Aug 05, 2025
Specialty Program Group LLC (SPG), a national operator of specialty insurance businesses, has acquired ANOVA Marine Insurance Services, LLC, a managing general agency (MGA) focused on marine, cargo, transportation, and logistics insurance. The acq...
Posted: Aug 05, 2025
Aon’s Reinsurance Solutions, the reinsurance division of global broker Aon, has appointed Mandy Phan as Head of Production, Treaty for Asia. In her new role, Phan will lead treaty business development across Asia, with a particular focus on Southe...
Posted: Aug 05, 2025
Lemonade, a digital insurance provider using AI and operating with a focus on social impact, has introduced a buildings-only Homeowners insurance product in the UK. This launch adds to the company’s existing UK offerings and reflects its gradual e...
Posted: Aug 05, 2025
Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has opened two new “global capabilities centres” in India at Trivandrum and Pune. These centres will enhance Arch’s ability to service its insurance, reinsurance and m...
Posted: Aug 05, 2025
According to AM Best, the longstanding factors behind the captive composite’s outperformance of the broader commercial lines market remain intact, namely, effective claims and risk management, strict control over operating costs, and a disciplined...
Posted: Aug 04, 2025
Applied Systems, a provider of cloud-based insurance software and services, has released its second-quarter 2025 edition of the Applied Commercial Index, offering detailed insights into premium renewal trends across Canada’s commercial insur...
Posted: Aug 04, 2025
FortressFire, a provider of wildfire analytics and property-specific wildfire risk management services, has announced the appointment of Hemant Shah as the company’s vice chairman of the board and senior advisor. Shah, considered a pioneerin...
Posted: Aug 04, 2025
Insurance industry intermediary, Specialist Risk Group (SRG), has completed the previously announced acquisition of German broker Ecclesia’s businesses in the Netherlands and Belgium, marking its formal entry into mainland Europe. The acquired bus...
Posted: Aug 04, 2025
Matthew Washington has been appointed CEO of Probitas 1492, a specialist Lloyd’s syndicate focused on property, casualty and specialty re/insurance, owned outright by UK insurer Aviva following its acquisition in mid‑2024. Washington assumes the n...
Posted: Aug 04, 2025
Corebridge Financial, Inc. has announced the successful closure of the largest portion of its previously announced reinsurance agreement with Corporate Solutions Life Reinsurance Company, an insurance subsidiary of Venerable Holdings, Inc. The tra...
Posted: Aug 04, 2025
CyberCube, a provider of cyber risk analytics for the insurance sector, has entered into a strategic partnership with Wholesure, the wholesale brokerage arm of Acrisure, a global fintech and insurance brokerage firm. As part of the collaboration,...
Posted: Aug 04, 2025
Brown& Brown, an insurance brokerage and risk management firm, has completed its previously announced acquisition of RSC Topco, Inc., the holding company for Accession Risk Management Group, Inc. The deal, first announced in June 2025, was fin...
Posted: Aug 04, 2025
Chicago-domiciled insurer CNA Financial Corporation reported net income of $299 million for the second quarter of 2025, down from $317 million in the same period last year. Core income in Q2’25 rose to $335 million, up from $326 million in Q2’24....
Posted: Aug 04, 2025
Atrium, a specialty insurance group at Lloyd’s, has entered the weather and climate insurance market with the appointment of weather insurance veteran Dr Ed Byrns as of Weather & Climate. Led by Byrns, the Weather and Climate Insurance team wi...
Posted: Aug 04, 2025
Aspen Insurance Holdings Limited has announced the appointment of Ryan Cushway as Head of International and UK Casualty Insurance, a newly established position effective August 1, 2025. Cushway, who joined Aspen in 2017, has held several senior un...
Posted: Aug 04, 2025
Aon has called for a coordinated, whole-of-government approach to regulating artificial intelligence amid a rapidly evolving risk landscape, urging the establishment of a national policy framework to ensure insurability and effective risk manageme...
Posted: Aug 04, 2025
Everest Insurance International, a division of Bermuda-based insurer and reinsurer Everest Group, Ltd., has appointed James McPartland as Head of Property, Asia. McPartland brings over 15 years of industry experience to the role. He joined Everest...
Posted: Aug 04, 2025
Bermuda-based carrier SiriusPoint has reported a rise in core underwriting income to $67.6 million for the second quarter of 2025, compared with $36.9 million a year earlier, as catastrophe losses decreased and favorable prior year loss reserve de...
Posted: Aug 04, 2025