Reinsurance News
According to the latest Renewable Energy Market Review by insurance broker Willis, a WTW business, the renewable energy market remains soft due to an oversupply of capacity, which is intensifying competition among insurers and continues to drive p...
Posted: Jul 14, 2025
Global insured catastrophe losses in H1 2025 could reach as high as $90 billion, according to Jefferies, making it the second-highest first-half total on record. This projected figure sharply exceeds both the $58 billion recorded in H1 2024 and th...
Posted: Jul 14, 2025
UK insurer Legal & General Assurance Society Limited (L&G) has completed a c.£800 million buy-in with the Honda Group, UK Pension Scheme (the Scheme). This secures the retirement benefits of over 1,700 retirees and over 3,000 deferred memb...
Posted: Jul 14, 2025
Gallagher UK has announced the appointment of Sarah Lyons as Specialty CEO, a London-based role. In her new role, Lyons will lead 1400 colleagues in the Specialty division, which support large clients across the globe with their insurance and risk...
Posted: Jul 14, 2025
ICEYE, a provider of satellite-based disaster response technologies, has introduced Flood Rapid Impact (FRI) — a new solution designed to provide automated, near-real-time flood data to emergency response teams, energy providers, insurers, and fin...
Posted: Jul 14, 2025
BMS, an independent insurance and reinsurance broker, has strengthened its Canadian Retail division with the appointment of Cory Wilson as Director. Wilson will join the Canadian Retail team and report directly to Dan Reid, Managing Director of BM...
Posted: Jul 14, 2025
Fitch Ratings, a credit rating agency known for its comprehensive financial analysis and market insights, has provided an updated outlook on the Turkish non-life insurance sector. Their latest report highlights a cautious yet optimistic path towar...
Posted: Jul 14, 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched a new insurance product tailored for financial institutions operating in the cryptocurrency market. The product was developed in response to growing demand from...
Posted: Jul 14, 2025
Miller, the independent specialist insurance and reinsurance broker, has launched its Korean marine unit with four senior hires to further build out its operations in the region, and has hired KyungSeop (KS) Shim to lead the team as Head of Specia...
Posted: Jul 14, 2025
CyberCube, a provider of cyber risk analytics, has announced the launch of Portfolio Manager Version 6 (PMv6), the latest version of its catastrophe modelling platform. This new version has been designed to reflect the cyber insurance market’s evo...
Posted: Jul 14, 2025
Global reinsurance and insurance broker Aon has expanded Richard Tan’s role to Chief Commercial Officer, Singapore. In the role, Tan will lead growth across Commercial Risk, Health, and Talent Solutions, while continuing to elevate Aon’...
Posted: Jul 14, 2025
Willis, a WTW business, has announced the appointment of Adrian Cousins as Head of London Market Claims. In his new role, Cousins will report to Neil Harrison, Global Head of Claims. He will oversee and implement key elements of Willis’ global cla...
Posted: Jul 14, 2025
HDI Global SE’s Japan branch, part of Germany-based insurer Talanx AG, has been approved by the Japanese Financial Services Agency to introduce a parametric earthquake insurance product to the Japanese market. To create this product, HDI Global wo...
Posted: Jul 14, 2025
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, has appointed Richard Hakes as the new Global Head of Marine, Energy and Technical Lines (METL). Hakes, who will also join the Global Specialties Lea...
Posted: Jul 14, 2025
Insured losses from US hurricanes could increase by nearly 50% if global temperatures rise by 2°C, MS Amlin, the Lloyd’s re/insurer, warns in its recently launched peer-reviewed study published in the Journal of Catastrophe Risk and Resilience. Ac...
Posted: Jul 14, 2025
The Board of Directors of Marsh McLennan, a global insurance and reinsurance brokerage firm, has appointed Bruce Broussard as a Director, effective immediately. His appointment brings the total number of directors on the Board to 12. Broussard has...
Posted: Jul 14, 2025
Clemens Jungsthöfel, who took over as CEO of Hannover Re from Jean-Jacques Henchoz in early April, has outline his vision for the company’s future in a recent interview with Börsen-Zeitung, emphasizing continued profitable growth by leveraging its...
Posted: Jul 14, 2025
The U.S. Managing General Agent (MGA) growth once again outpaced the broader property-casualty market, with direct premiums written rising 16% year-over-year to an estimated $114.1 billion, a recent Conning study has revealed. Conning’s late...
Posted: Jul 11, 2025
Castle Harbour Insurance, a provider of specialty insurance services, has launched a transactional risk insurance brokerage focused on addressing complex deal-related risks. The new offering is designed to assist clients with structured solutions...
Posted: Jul 11, 2025
SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed markets, along with its carrier partners Auros Reciprocal Insurance Exchange and Elevate Reciprocal Exchange, has closed the Gateway Re Series 2025-3 catastrophe bond at...
Posted: Jul 11, 2025
Businesses operating in the Middle East face a critical time, as rapidly evolving geopolitical and economic dynamics in the region demand an urgent evaluation of their risk strategies, Aon analysts have stated in a recent report. Businesses must t...
Posted: Jul 11, 2025
Arch Insurance North America has appointed Jeff Kaufmann to the newly created role of Executive Vice President (EVP), Head of Marine. He reports to Valerie Turpin, Chief Underwriting Officer, Property. In his new role, Kaufmann will be responsible...
Posted: Jul 11, 2025
Trinity Capital, an alternative asset manager, has committed $35 million in growth capital to INSHUR, a global provider of embedded insurance for the booming on-demand economy. This significant investment will accelerate INSHUR’s continued expansi...
Posted: Jul 11, 2025
Zurich Insurance, an insurer with a significant presence in Hong Kong, has named Jim Qin as CEO for its Life and General Insurance businesses in the region. In this expanded role, Qin will oversee both divisions, guiding Zurich’s growth and innova...
Posted: Jul 11, 2025
According to a new peer group credit analysis, sustained underwriting results and investment income made 2024 the second consecutive year of “very strong” property and casualty (P&C) financial performance in a prolonged favourable...
Posted: Jul 11, 2025