Reinsurance News
Given the widespread tornado, hail, and wind damage across the central and eastern United States, Aon has suggested that the May 14–17 outbreak could rank among the costliest severe weather events in U.S. history when adjusted for inflation. In a...
Posted: May 22, 2025
Life insurer Pacific Life Re has entered into a second asset intensive reinsurance agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings. The new deal builds...
Posted: May 22, 2025
A first-of-its-kind insurance product has been launched in Argentina to protect the critically endangered jaguar while supporting local livestock owners. It was developed through a partnership between the Government of the Province of Misiones, th...
Posted: May 22, 2025
Reinsurance broker Gallagher Re has announced the addition of Sarah Maune to its Life Solutions team as Vice President (VP). Maune brings over 16 years of life re/insurance experience to her new role. She is joining Gallagher Re following a decade...
Posted: May 22, 2025
Labuan IBFC Inc., an Asian financial hub known for its insurance, reinsurance, Islamic finance, and digital business solutions, has announced the appointment of Steven Choy Khai Choon as Chairman, and Dr. Aida Othman as a member of its Board of Di...
Posted: May 22, 2025
Allianz Trade, a provider of trade credit insurance and part of the Allianz Group, has released new findings from its 2025 Global Survey that show just how sharply the ongoing US trade war is hitting international exporters. The survey, which gath...
Posted: May 22, 2025
Reinsurer TransRe is urging immediate and material increases in US Public Directors & Officers (D&O) insurance pricing, warning that the current market remains unsustainable. In a recent market update, TransRe states that the D&O secto...
Posted: May 21, 2025
Large British retailer Marks & Spencer (M&S) has disclosed that the recent cyber attack is estimated to impact Group operating profit by approximately £300 million for 2025/26. As a reminder, on 22 April 2025, M&S announced it was resp...
Posted: May 21, 2025
Credit rating Agency AM Best has maintained a stable outlook on the Philippine non-life insurance market, citing growth factors and steady increase in the availability of reinsurance capacity in the country, which is expected to mitigate catastrop...
Posted: May 21, 2025
After a decade of investing in companies at the intersection of risk and technology, Munich Re Ventures (MRV), the venture capital arm of Munich Re Group, has closed its fifth fund of $125 million from its founding limited partner, HSB. The fundin...
Posted: May 21, 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, reports that the US cyber insurance market continued to deliver strong underwriting profits in 2024, even as the pace of premium growth began to slow. According to Fitch Rating...
Posted: May 21, 2025
Sproutr, a boutique insurance product design and build firm, has raised an undisclosed amount in seed funding that will be used to accelerate the execution of its technology roadmap and scale its growing team. The seed round was led by Altai Ventu...
Posted: May 21, 2025
German insurer SV SparkassenVersicherung (SV) has entered the catastrophe bond market with the successful completion of its debut cat bond, Liongate Re, securing $100 million in fully collateralized reinsurance, in collaboration with Japanese mutu...
Posted: May 21, 2025
MSIG USA, an insurance subsidiary under MSIG Holdings, has appointed Kent Ziegler as Chief Financial Officer (CFO) and Chief Administrative Officer, reporting to Chief Executive Officer, Peter McKenna. Ziegler takes on oversight of all aspects of...
Posted: May 21, 2025
Global life insurance group Resolution Life has entered into a reinsurance agreement with Tokio Marine & Nichido Life Insurance Co. Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings, its first block transaction...
Posted: May 21, 2025
Converge Insurance, a company specialising in cyber risk management and underwriting, has announced the appointment of David Kimmel as its new Chief Financial Officer. Kimmel is joining the company with over 35 years of experience across insurance...
Posted: May 21, 2025
Insurance broker Marsh has announced the launch of its Data Centre Insurance and Risk Management Services, to support global clients across data centre and digital infrastructure lifecycle to safeguard critical assets. This new offering has been d...
Posted: May 21, 2025
Jon Kattman has been appointed Head of Inland Marine at Aspen Insurance, where he will lead the underwriting team, overseeing its strategy and risk management operations. Kattman, who holds over 14 years of dedicated underwriting experience, has s...
Posted: May 21, 2025
In what is currently regarded as the costliest severe weather event of 2025, a widespread tornado outbreak across the U.S. Midwest and Southeast has resulted in substantial economic and insured losses, with Cotality estimating that approximately 6...
Posted: May 21, 2025
Insurance Europe supports the European Insurance and Occupational Pensions Authority (EIOPA)’s draft AI Opinion for providing clarity on applying existing insurance legislation to AI systems; however, it warns that the current draft may unintentio...
Posted: May 21, 2025
Data analytics and technology provider Verisk has revealed that Christopher J. Perry and Sabra R. Purtill have been elected to the company’s Board of Directors, effective immediately. Perry, who has over 25 years of experience in banking, brokerag...
Posted: May 21, 2025
Third Point LLC, the New York based alternative asset manager, has proposed an all-share combination with Malibu Life Reinsurance SPC, a Cayman Islands-based life and annuity reinsurance platform launched by Third Point in May 2024. The proposed t...
Posted: May 21, 2025
Global fintech Acrisure has entered into a definitive agreement for the issuance of new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital. These funds will be used to refinance a portion of its existing non-con...
Posted: May 21, 2025
Jo Williams, a seasoned leader in property catastrophe and risk modelling, has been appointed as the new Head of Insurance Sales at Reask, a science and technology company focusing on extreme weather modelling. Williams’ extensive experience...
Posted: May 21, 2025
Ryan Specialty, an international specialty insurance firm, has acquired 360° Underwriting, a managing general underwriter (MGU) specialising in commercial construction. 360, founded in 2027 and based in Dublin and Galway, Ireland, will become a pa...
Posted: May 21, 2025