Reinsurance News
Differentiation was a key focal point leading up to the 1.1.2025 casualty reinsurance renewals, however, whilst there was a considerable focus on litigation risk and loss cost trends in the US, outcomes were reportedly determined by loss experienc...
Posted: Jan 10, 2025
Property and casualty (P&C) insurer The Hartford has announced the appointment of Morris Tooker as Company President, effective February 1, 2025. In this new role, Tooker will oversee Personal Lines in addition to his current responsibilities,...
Posted: Jan 10, 2025
Mercury General Corporation has provided a preliminary assessment of the recent wildfires in Southern California, expecting losses to exceed its reinsurance retention level of $150 million. Since January 7, 2025, extreme wind-driven wildfires have...
Posted: Jan 10, 2025
The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) has partnered with Swiss Re to enhance its life underwriting process with Swiss Re’s Underwriting Ease solution, a digital tool that summarises key risk factors for underwriter...
Posted: Jan 10, 2025
Cybersecurity and technological disruption are identified as the top threats to business growth, with over 89% of executives planning to expand their cyber insurance coverage to address increasing technological vulnerabilities, according to a repo...
Posted: Jan 10, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Katherine Gerber as Head of Energy Transition in the Americas. In this role, Gerber will leverage AXA XL’s expertise an...
Posted: Jan 10, 2025
The longer-term impact on California’s insurance market from the Los Angeles County wildfires may be substantial, as insurers will further re-examine their appetites for wildfire risk as it has become highly unpredictable concerning location...
Posted: Jan 10, 2025
Xceedance, a global provider of technology and digital solutions, has announced the appointment of Brandon Nuttall as Chief Digital & AI Officer. In his new role, Nuttall will collaborate with clients to leverage Generative AI in designing, bu...
Posted: Jan 10, 2025
New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has partnered with Topsoe to become the preferred insurance provider for its hydrogen electrolyzer business. NER will assist i...
Posted: Jan 10, 2025
Specialty insurer Mosaic Insurance has announced the appointments of Karen Reilly as Head of US, Environmental Liability, and David Barr as Head of International, Environmental Liability. Reilly and Barr will focus on developing innovative product...
Posted: Jan 10, 2025
Pen Underwriting, a provider of tailored insurance solutions, has announced the appointment of Robert Dobson as Marine Claims Manager. He will oversee the diverse range of specialisations within Pen’s rapidly growing marine division. The company’s...
Posted: Jan 10, 2025
Analysts at Berenberg believe the California wildfires are unlikely to result in a material impact on 2025 earnings for the reinsurers it covers. In a recent report, Berenberg highlighted three key reasons why the impact of the current wildfires o...
Posted: Jan 10, 2025
CAC Group, a national insurance broker and advisor comprised of CAC Specialty and CAC Agency, has announced the appointment of Erin Lynch as Chief Executive Officer, effective in the first quarter of 2025. Mike Rice, the current CEO, will take on...
Posted: Jan 10, 2025
S&P has noted that while significant losses from the wildfires engulfing Los Angeles County in the first two weeks of 2025 could rapidly deplete the catastrophe budgets of U.S. primary insurers, the impact will be manageable for global reinsur...
Posted: Jan 10, 2025
The Los Angeles County wildfires are still burning and have now destroyed more than 10,000 structures, according to the Cal Fire authority, with insurance industry loss estimates still ranging from $10 billion to $20 billion, or higher if the fire...
Posted: Jan 10, 2025
AM Best, a credit rating agency specialising in the insurance industry, has announced the appointment of Kenneth J. Johnson as Senior Managing Director and Chief Ratings Officer, overseeing AM Best’s global ratings operations. Johnson will b...
Posted: Jan 10, 2025
West P&I Club, a global insurance provider for the maritime and offshore industries, has fully acquired Nordic Marine Insurance. Nordic provides fixed premium insurance for the marine industry, specialising in Delay Insurance, Primary Loss of...
Posted: Jan 10, 2025
Arch Insurance International has announced the promotion of Tim Watson to the position of Credit Underwriting Manager, effective immediately. In his new role, Watson will oversee all credit-related underwriting activities within the Credit & P...
Posted: Jan 10, 2025
Nassau Financial Group, an insurance and financial services company, and Golub Capital, a credit asset management firm, have closed their strategic partnership, with Nassau receiving a $200 million minority non-voting common equity investment from...
Posted: Jan 10, 2025
MS Reinsurance (MS Re), a global reinsurer domiciled in Switzerland, has announced the appointments of Lisa Lewis as Head of Marketing and Client Experience, and Thomas Kruppa as Senior Actuary – Projects. In her new role, Lewis will oversee...
Posted: Jan 10, 2025
MS Reinsurance (MS Re), a global reinsurer domiciled in Switzerland, has announced the appointments of Lisa Lewis as Head of Marketing and Client Experience, and Thomas Kruppa as Senior Actuary – Projects. In her new role, Lewis will oversee...
Posted: Jan 10, 2025
Ares Management Corporation, the global alternative investment manager, has secured over $2.3 billion in equity commitments to support the long-term growth of life insurance and annuity company, Aspida Holdings Ltd. Combined with a recent $700 mil...
Posted: Jan 09, 2025
GuideOne Insurance, a provider of property and casualty insurance and risk management solutions, has announced the appointment of Wei Huang to its Board of Directors. Huang brings over 20 years of experience in public and private equity investment...
Posted: Jan 09, 2025
Charles Taylor, an independent global provider of claims solutions, has opened a new adjusting office in Rio de Janeiro, focusing on the natural resources sector. This expansion reflects the company’s commitment to addressing the growing demand fo...
Posted: Jan 09, 2025
Saudi Re has announced the appointment of Isa Ali, who has been with the company since 2009, as its new Chief Operating Officer. In his new role, Ali will play a key part in driving the company’s digital and operational transformation, supporting...
Posted: Jan 09, 2025