Reinsurance News
The insurer-specific results of the PRA Life Insurance Stress Test (LIST 2025) demonstrate a good degree of financial resilience across in-scope insurers, however, Lizzie Hawkins, insurer due diligence specialist in the Aon Risk Settlement Group,...
Posted: Nov 24, 2025
The estimated cost for transferring retiree pension risk to an insurer saw a slight but significant decrease in October, to 100.1%, according to the latest figures from the Milliman Pension Buyout Index (MPBI). The estimated cost to transfer pensi...
Posted: Nov 24, 2025
In a recent Reinsurance News interview, Edward Nnadi, CEO of Jean Edwards Consulting, reflected on how the firm has advanced from a specialist software outfit into a respected InsurTech partner over the past twenty years. The company, which began...
Posted: Nov 24, 2025
Howden has appointed Alaric Lee as Chief Commercial Officer, Asia, effective 1 December 2025. Lee brings more than 15 years of leadership experience at Marsh, having progressed through a series of increasingly senior roles across London, Hong Kong...
Posted: Nov 24, 2025
The credit analysis and research firm Moody’s Ratings reports that US life insurers continue to expand their investments in collateralised loan obligations, though the pace of increase has become more measured compared with previous years. The age...
Posted: Nov 24, 2025
Skyward Specialty Insurance Group, a property and casualty (P&C) specialist insurer, has promoted John Burkhart to President, US Property & Casualty, Skyward Specialty Insurance. This promotion aligns with the firm’s broader strategy...
Posted: Nov 24, 2025
Credit rating agency AM Best has raised the Financial Strength Rating of Junto Resseguros S.A. (Junto Re) and Junto Seguros S.A. (Junto Seg) to A (Excellent) from A- (Excellent). The Long-Term Issuer Credit Ratings were also lifted to “a” (Excelle...
Posted: Nov 24, 2025
Insurtech firm BOXX Insurance has launched a comprehensive suite of cybersecurity tools and services that have been designed to build digital resilience. Cyberboxx Assist is a robust suite of tools designed to help businesses and individuals not o...
Posted: Nov 24, 2025
The global insurance industry is heading towards a “progressively softer market environment,” with pricing momentum deteriorating across most European and US property and casualty (P&C) lines, according to a recent Autonomous report. While the...
Posted: Nov 21, 2025
Patrick (Paddy) Jago, Chairman of global reinsurance brokerage Gallagher Re, is set to retire at the end of 2026, concluding a 50-year career in the industry. During his time as Global Chairman, Jago served on the executive committee, working clos...
Posted: Nov 21, 2025
Crawford & Company, a global provider of claims management and outsourcing solutions to insurance companies and self‐insured entities, has announced that Bruce Swain will assume the role of Interim President & Chief Executive Officer (CEO)...
Posted: Nov 21, 2025
Majesco, a provider of cloud-native, AI-driven software for the P&C and L&AH insurance segments, has announced an agreement to acquire Vitech, a developer of cloud-based pension and benefits administration solutions. The transaction will e...
Posted: Nov 21, 2025
Credit rating agency AM Best has revised the outlooks of American International Group, Inc.’s (AIG) property/casualty (P&C) insurance subsidiaries (AIG PC) to positive from stable, while affirming the Financial Strength Rating (FSR) of A (Exce...
Posted: Nov 21, 2025
S&P Global Ratings anticipates that the transfer of pension risks to the life insurance industry will continue to grow over the next decade, noting that insurers’ robust capital buffers and prudent mortality assumptions are limiting downside r...
Posted: Nov 21, 2025
Insured losses related to US severe convective storms (SCS) reached $42 billion in the first nine months of 2025, with average per-event costs 31% higher than the previous decade’s average, establishing a “new normal” for extreme weather, accordin...
Posted: Nov 21, 2025
J.P. Morgan, a global investment bank, notes that the European reinsurance sector appears to be moving toward a more stable and consistent earnings pattern. The company notes that reinsurers do not usually absorb the majority of expected catastrop...
Posted: Nov 21, 2025
Global reinsurance brokerage Gallagher Re has announced the appointment of Parrus Kunvarji as Executive Director, Customised Solutions – APAC. In his new role, Kunvarji will be responsible for Gallagher Re’s customised portfolio in APAC, focusing...
Posted: Nov 21, 2025
The Diot-Siaci Group, an independent insurance and reinsurance consulting and brokerage group, has finalised its new ownership structure following the signing of the agreement on 6 August 2025. As a result, the Burrus Group, a long-standing shareh...
Posted: Nov 21, 2025
Lockton, a global independent insurance brokerage, has announced the promotion of Harsh Chhajer to Power & Energy Growth Leader, Asia. In his new role, Chhajer will drive the production strategy within the newly established Regional Power &...
Posted: Nov 21, 2025
Fitch Ratings has upgraded Fortitude Re’s ratings, citing an improved company profile that has strengthened in recent years through a series of strategic transactions, including reinsurance deals that have expanded the company’s scale and diversif...
Posted: Nov 21, 2025
Arch Insurance, a division of Bermuda-based re/insurer Arch Capital Group, has announced the appointment of Sean Brady as Senior Vice President (SVP), Program Management for the Consumer Division. Arch’s Consumer Division includes the Travel, Acci...
Posted: Nov 21, 2025
Bermuda-based insurer and reinsurer, Everest Group, has appointed Elias Habayeb as Executive Vice President (EVP) and Group Chief Financial Officer (CFO), effective on or around May 1st, 2026. He succeeds Mark Kociancic, who has decided to retire...
Posted: Nov 21, 2025
Shory Group, a First.tech company and a fast-growing InsurTech firm in the region, has secured regulatory approval from the Saudi Insurance Authority (IA) to commence operations in the Kingdom of Saudi Arabia. This marks a notable step in Shory’s...
Posted: Nov 21, 2025
AXA XL, the property and casualty division of AXA Group, has appointed Jessemine Hayes and Brian Otto as Client Relationship Leaders, based in Dallas and Kansas City, respectively. In their new roles, the pair will lead client engagement efforts,...
Posted: Nov 21, 2025
Markel Insurance, the insurance operations within Markel Group Inc., has entered a strategic collaboration with Greenhouse Specialty Insurance Services, LLC, a program administrator specialising in environmental casualty insurance products. Founde...
Posted: Nov 21, 2025