Reinsurance News

Solvency II: Insurance Europe calls for smarter capital rules to boost EU investment and growth

Insurance Europe—the federation representing the European insurance and reinsurance industry—has welcomed the European Commission’s launch of its consultation on the Level 2 technical details of the Solvency II review. This consultation provides a...

Posted: Jul 28, 2025

Berkshire (BHSI) promotes two senior leaders in Dubai

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has promoted Aisling Malone as Deputy Senior Executive Officer and Head of Customer & Broker Engagement, and Joe Saa...

Posted: Jul 28, 2025

Applied Underwriters launches Innovation Risk MGA platform

Applied Underwriters, a provider of insurance solutions, has announced the launch of Innovation Risk, a new managing general agent (MGA) platform focused on casualty, accident, and life underwriting operations. This new independently operated MGA...

Posted: Jul 28, 2025

AXA XL appoints Sylvain Bouteillé as CUO for Specialty Americas

AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Sylvain Bouteillé as Chief Underwriting Officer (CUO) for Specialty Americas. Based in New York, Bouteillé will report...

Posted: Jul 28, 2025

Malawi receives over $3.3m insurance payout from ARC, addressing drought impacts

The Government of the Republic of Malawi has received a total insurance payout of USD $3,376,783 from the African Risk Capacity (ARC) Group, a specialised agency of the African Union that helps member states manage the risks associated with extrem...

Posted: Jul 28, 2025

Dubai’s DIFC record growth strengthened by insurance-related firms

The Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA), has announced its best-ever performance for the first half of a year, with the insurance sector taking a prominent lead...

Posted: Jul 28, 2025

Coalition adds Holder and Mullett to support regional brokers in the UK

Coalition, an active insurer focused on preventing digital risks, has appointed James Holder as a Senior Business Development Manager based in the border of South Wales/England, and Sam Mullett as a Production Underwriter based in Birmingham. Coal...

Posted: Jul 28, 2025

Barents Reinsurance settles with PRA over £1.8m post-Brexit compliance fine

Barents Reinsurance S.A. (Barents) has acknowledged the Final Notice issued by the Prudential Regulation Authority (PRA) regarding breaches related to post-Brexit compliance in its London Branch (now in supervised run-off) between July 2021 and Oc...

Posted: Jul 28, 2025

Aon names Eric Seyfried as MD within Cyber Solutions group

Global insurance and reinsurance broker Aon has announced the appointment of Eric Seyfried as Managing Director (MD) within its Cyber Solutions group. Based in New York City, Seyfried will report to Brent Rieth, Global Cyber Leader at Aon. He will...

Posted: Jul 28, 2025

Consilium expands Global Cedant Fac offering with new Singapore office to be led by Drysdale

Consilium, the global specialty re/insurance broking business of the Aventum Group, has expanded its Cedant Facultative Risk Solutions team with the launch of a new Singapore office, subject to regulatory approval. The Singapore office’s dev...

Posted: Jul 28, 2025

European reinsurance pricing softens, but market discipline holds firm, says Autonomous

Autonomous, an independent research firm known for in-depth financial analysis across re/insurance sectors, has provided a detailed update on the state of the European reinsurance market following the completion of the key 1 July renewal period. T...

Posted: Jul 28, 2025

Reinsurance pricing softens, but market discipline holds firm, says Autonomous

Autonomous, an independent research firm known for in-depth financial analysis across re/insurance sectors, has provided a detailed update on the state of the European reinsurance market following the completion of the key 1 July renewal period. T...

Posted: Jul 28, 2025

Chaitali Roy to lead MNK Group Holdings’ risk and regulatory initiatives

MNK Group Holdings, a global independent insurance and reinsurance conglomerate, has announced the appointment of Chaitali Roy as Group Executive Managing Director – Risk and Regulation. She will also join the Group Executive Board and report dire...

Posted: Jul 28, 2025

Bridgehaven expands into European MGA market with SureStone acquisition

Bridgehaven Europe Holdings Limited (Bridgehaven), a UK-based hybrid insurer focused on commercial and specialty lines, has entered into an agreement to acquire SureStone Insurance DAC (SureStone), a Dublin-based insurer, for an undisclosed fee. S...

Posted: Jul 28, 2025

SMABTP and MACSF to acquire 100% of Arundo Re’s capital

A consortium formed by the SMABTP and MACSF groups has finalised an agreement to acquire 100% of the capital of Arundo Re (formerly CCR Re). This transaction marks the full exit of Caisse Centrale de Réassurance (CCR) from the capital of France&#8...

Posted: Jul 28, 2025

Volante Global appoints Demian Smith as new Group CEO

Volante Global, an international Managing General Agent (MGA) and Lloyd’s Syndicate owned by global fintech Acrisure, has appointed Demian Smith as its new Chief Executive Officer (CEO), subject to current contractual obligations and regulatory ap...

Posted: Jul 28, 2025

PERILS lifts industry loss estimate for windstorm Éowyn to €747m

Zurich-domiciled catastrophe insurance data provider, PERILS, has upped the industry loss for its third estimate for extratropical windstorm “Éowyn”, also known as “Gilles”, to €747 million from €696 million in April. The third estimate compares t...

Posted: Jul 28, 2025

Eventual raises $7.5m to bring stability to US real estate insurance

Eventual, a company focused on improving financial stability for real estate owners, has announced that it has raised $7.5 million in funding and introduced Premium Lock, a product designed to provide long-term predictability for property insuranc...

Posted: Jul 28, 2025

IUA adds Newman to secretariat team, HDI Global SE’s Osborne joins Board

The International Underwriting Association (IUA), which represents London Market insurers and reinsurers, has appointed Evie Newman as an Underwriting and Claims Technician. Simultaneously, the IUA has also announced that Antonia Osborne, Director...

Posted: Jul 28, 2025

REPAIR programme’s Phase 2 extends to Angola, Burundi, Malawi, Seychelles and Zambia

The World Bank has approved the accession of five countries – Angola, Burundi, Malawi, Seychelles, and Zambia – under Phase 2 of the Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) programme. This widens the p...

Posted: Jul 28, 2025

Zipper and Bavishi to serve as Co-CEOs of USQRisk as Moreno steps down

USQRisk, part of Ryan Specialty’s alternative risk division, has promoted Michael Zipper and Parag Bavishi to Co-Chief Executive Officers (CEOs) of USQ, effective August 1st, 2025. Meanwhile, USQ’s current CEO, Anibal Moreno, will be stepping down...

Posted: Jul 28, 2025

CatIQ releases updated industry loss estimate of CAD 1.313bn for 2024 Jasper wildfire

Catastrophe Indices and Quantification Inc. (CatIQ), an independent Toronto-based provider of catastrophe insurance data and a subsidiary of PERILS, has released its fifth industry-wide loss estimate for the wildfire that swept through Jasper, Alb...

Posted: Jul 25, 2025

AM Best assigns A+ (Superior) ratings with stable outlook to HDI Global UK

AM Best, the credit rating agency, has issued a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior) to HDI Global UK Limited, a United Kingdom-based subsidiary of HDI Haftpflichtverband der Deutschen...

Posted: Jul 25, 2025

Aon’s global reinsurance capabilities continue to get stronger, says CEO Greg Case

After posting 6% organic revenue growth for the second quarter of 2025 in its Reinsurance Solutions operation, global broking giant Aon’s Chief Executive Officer (CEO), Greg Case, has highlighted the firm’s client-oriented approach and...

Posted: Jul 25, 2025

1B Insurance hires Aon’s John Morley as CEO

1B Insurance AG, a provider of embedded insurance for digital asset platforms based in Switzerland, has announced the appointment of John Morley as Chief Executive Officer (CEO), effective immediately. Morley brings deep expertise in developing in...

Posted: Jul 25, 2025