Reinsurance News
The Board of Directors of Athene, a retirement services company and subsidiary of Apollo Global Management, Inc., has appointed Grant Kvalheim as Chief Executive Officer (CEO), effective July 1st, 2025, while Co-founder Jim Belardi was named Execu...
Posted: Jun 17, 2025
Taiwan’s domestic non-life insurance premiums continued to rise in 2024, increasing by 10.5% to TWD 278.5 billion (USD 9.2 billion), according to a recent report by AM Best. All of AM Best’s rated entities recorded premium growth during the year,...
Posted: Jun 17, 2025
Wipro Limited, a provider of AI-powered technology services and consulting, has released a report which shows that AI spending is set to grow significantly within insurers’ IT budgets. The study, “The AI Advantage: Building Tomorrow’s Insura...
Posted: Jun 16, 2025
Climate insurer Blue Marble has announced the addition of reinsurance broker Guy Carpenter’s President and Chief Executive Officer, Dean Klisura, to its Board of Directors, representing Marsh McLennan. In the role, Klisura succeeds Alex Mocz...
Posted: Jun 16, 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has named Nick Line as Chief Underwriting Officer (CUO). He will join the insurer in 2026, after spending 28 years at Markel where he most recently held the role of CUO sinc...
Posted: Jun 16, 2025
Lockton Re, the reinsurance arm of the independent insurance brokerage, achieved 29% revenue growth in the fiscal year ending April 30, 2025. According to the firm, in 2024, the business experienced extensive growth, having established a global fo...
Posted: Jun 16, 2025
The fatal Air India plane crash on June 12, 2025, is expected to harden the aviation reinsurance market, with reinsurers likely to reassess risks related to wide-body aircraft, adjust pricing models, and impose stricter terms, according to GlobalD...
Posted: Jun 16, 2025
Moody’s, a provider of risk modelling and analytics for the financial and insurance sectors, announced that Version 25 of its RMS North Atlantic Hurricane Models has been approved by the Florida Commission on Hurricane Loss Projection Methodology...
Posted: Jun 16, 2025
Himanshu Garg has been promoted to Head of New Business Initiatives at Everest Reinsurance. Everest stated that Garg joined the firm in 2018 and has consistently demonstrated deep industry expertise, strategic thinking, and a strong track record o...
Posted: Jun 16, 2025
UK commercial banking group Lloyds has highlighted the growing role financial institutions could play in supporting the country’s long-term development, as firms prepare to expand and invest across key areas such as AI, digital infrastructure, and...
Posted: Jun 16, 2025
Specialist global insurer Hiscox has appointed Harriet Hanna as Chief Operating Officer of Hiscox Syndicates Ltd (HSL), the Lloyd’s of London managing agent that underwrites capacity for Hiscox’s business units, including Hiscox London Market. Acc...
Posted: Jun 16, 2025
Marsh, an insurance broker, risk advisor and business of Marsh McLennan, has launched Nimbus, its new insurance facility providing clients with comprehensive cover for the construction of large-scale data centres across the UK and Europe. Nimbus,...
Posted: Jun 16, 2025
Howden Re, the reinsurance and advisory division of Howden, and the UCL School of Management have been awarded £200,000 in government funding through a Knowledge Transfer Partnership (KTP), and the project is co-funded by Innovate UK and Howden Re...
Posted: Jun 16, 2025
Reinsurance company Gallagher Re, through the expertise of its authors James Poynter, William Gildea, Mohit Motwani, and their Cyber Analytics team, presents a comprehensive analysis of how technographic data can be leveraged to enhance underwriti...
Posted: Jun 16, 2025
Aon has announced the promotion of Brent Rieth to the role of Global Cyber Leader within Commercial Risk Solutions. Rieth, currently head of Cyber Solutions, North America, will now lead Aon’s global cyber strategy, overseeing growth, innovation,...
Posted: Jun 16, 2025
Lockton, a privately held insurance brokerage, has strengthened its Professional and Executive Risk team with the appointments of Craig Claughton as National Manager – Financial Institutions (FI), based in Queensland and Dennis Moens as Client Man...
Posted: Jun 16, 2025
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has renewed its reinsurance treaty arrangement with the Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX) for the 2025 underwriting year. ICIE...
Posted: Jun 16, 2025
The International Credit Insurance & Surety Association (ICISA) has announced the election of large European reinsurer Hannover Re’s Jan Müller as President and US insurer Chubb’s Dekker Buckley as Vice-President (VP). In a recent post, ICISA...
Posted: Jun 16, 2025
The average cost of home insurance in the US has increased faster than inflation over the past 20 years, driven by natural disasters, higher repair costs, supply chain disruptions, and population shifts into high-risk areas, according to the Insur...
Posted: Jun 13, 2025
The Board of African Risk Capacity Ltd (ARC) has announced the appointment of David Maslo as interim CEO, effective 16th June 2025. Maslo brings a strong combination of actuarial expertise and policy insight to this role. He returns to ARC Ltd aft...
Posted: Jun 13, 2025
At S&P Global Ratings’ 41st Annual North American Insurance Conference, the key topic of conversation was uncertainty, yet S&P believes the industry is well-positioned to withstand it, viewing global reinsurance and North American life and...
Posted: Jun 13, 2025
Global investment firm IHC has announced the official launch of Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in ADGM (Abu Dhabi Global Market), the international finance centre in Abu Dhabi. “The...
Posted: Jun 13, 2025
Concirrus, a provider of AI-driven insurance solutions, has expanded its presence in the US specialty market with the launch of its new AI underwriting platform. The company revealed it has deployed the platform with “one of the world’s top ten sp...
Posted: Jun 13, 2025
According to the 2024 Year-End Florida Market Watch Report released by reinsurance broker Gallagher Re, Florida’s property insurance market ended the year showing progress across several key financial indicators despite ongoing underwriting pressu...
Posted: Jun 13, 2025
Hymans Robertson has announced the launch of TRUST, a new end-to-end risk transfer and investment service designed to help smaller pension schemes navigate and execute bulk annuity transactions. The service is aimed at schemes with typically £150m...
Posted: Jun 13, 2025