Reinsurance News
Four brokerage firms, Aon Polska, GrECo Polska, Marsh, and Smartt Re, are to support Poland’s state-owned SPV Polskie Elektrownie Jadrowe (PEJ) in the purchase of insurance for the country’s first nuclear project in Pomerania, among other op...
Posted: May 15, 2025
As the re/insurance market enters into a more competitive phase, it presents Conduit Re with an opportunity to deploy more capacity into casualty risks, Neil Eckert, who was recently appointed as the company’s new CEO, highlighted during the reins...
Posted: May 14, 2025
Property and Casualty insurer Skyward Specialty Insurance Group Inc. has appointed Corey LaFlamme as President, Captives & Specialty Programs, as Kirby Hill becomes Chairman of the segment. The appointment of LaFlamme aligns with the company’s...
Posted: May 14, 2025
S&P Global Ratings has affirmed Bermuda’s long-term sovereign credit rating at ‘A+’ and its short-term rating at ‘A-1’, with a stable outlook. This reflects expectations of a steady macroeconomic environment underpinned...
Posted: May 14, 2025
Canada Life Reinsurance, part of Canadian headquartered international financial services holding company, Great-West Lifeco, experienced robust year on year growth in the first quarter of 2025 and also reduced its exposure to weather-related catas...
Posted: May 14, 2025
Alliant Insurance Services has announced the appointment of reinsurance expert Dan Powers as Senior Vice President within the Value-Based Healthcare and Risk Management Solutions practice of Alliant’s Employee Benefits Group. Bringing over 20 year...
Posted: May 14, 2025
Cyber risk solutions company Resilience has launched Cyber Risk Calculator, an AI-powered tool that translates cyber risk into financial terms to provide security and risk practitioners, as well as C-Suite executives, with a common, data-driven la...
Posted: May 14, 2025
S&P Global Ratings has lowered State Farm General Insurance’s (SFGI) financial strength and issuer credit ratings to ‘A+’ from ‘AA’, citing a significant deterioration in the company’s capital regulatory solvency ratios...
Posted: May 14, 2025
CLARA Analytics, an AI-driven solutions provider for the insurance industry, has rolled out advanced subrogation detection features in its flagship product, CLARA Triage, aimed at helping insurers recover significant funds lost through overlooked...
Posted: May 14, 2025
Bermuda-domiciled legacy reinsurer Compre Group Holdings Limited has completed an insurance business transfer of a portfolio of European casualty and motor liabilities from Ethias S.A. (Ethias). The transfer follows a prior Ethias Loss Portfolio T...
Posted: May 14, 2025
New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has announced the promotion of George Schulz to Chief Executive Officer (CEO), effective June 1. Schulz will be succeeding out...
Posted: May 14, 2025
Cyber insurance is progressing toward maturity, but key challenges remain, according to insights shared during a recent webinar hosted by S&P Global Ratings, a provider of credit ratings, research, and risk analysis. During the session, titled...
Posted: May 14, 2025
Willis, a WTW business, has appointed Brian Vosloh as Head of Cyber for the Europe, the Middle East and Africa (EMEA) region. The broker continues to invest in cyber as it rises to one of the top risks facing businesses. The appointment strengthen...
Posted: May 14, 2025
Bermuda-domiciled global specialty re/insurer Ascot Group has priced the offering of $350 million aggregate principal amount of 6.349% fixed-rate reset senior notes due in 2035, as the carrier looks to be more financially flexible. The senior note...
Posted: May 14, 2025
The Financial Conduct Authority (FCA) has announced plans to remove outdated or duplicate requirements from its insurance rulebook, aiming to reduce costs and improve access for businesses and consumers who rely on insurance to manage risk, while...
Posted: May 14, 2025
Westfield Specialty International, the London-based specialty insurance arm of Westfield, has expanded its offshore energy team with the appointment of Michael Poulteney as Class Underwriter and Manraj Kailia as Senior Underwriter. Poulteney and K...
Posted: May 14, 2025
Bermuda-based Conduit Re has reported gross premiums written of $410.2 million for Q1 2025, marking a 15% increase over Q1 2024, with growth achieved across all three of its segments. Of the total Q1 2025 premium, the Property segment contributed...
Posted: May 14, 2025
Bay Harbor Re, a provider of reinsurance solutions for the US property and casualty market, has announced the appointment of José Olivares as Sr. Treaty Underwriter, effective June 30, 2025. Olivares brings 15 years of insurance and reinsurance ex...
Posted: May 14, 2025
DUAL’s Climate Risk & Resilience team has launched two new products, designed to provide insurance to owners and investors to protect the value of their assets and unlock finance during the transition to a sustainable economy. Both DUAL Energy...
Posted: May 14, 2025
CHL, the ultimate parent company of multi-line Bermuda-domiciled reinsurer, Conduit Re, has appointed Neil Eckert as its new Chief Executive Officer (CEO), effective immediately, subject to Bermuda immigration approval. Eckert has been acting as C...
Posted: May 14, 2025
Following a successful underwriting launch at January 1, 2025, global reinsurance company Oak Re has made a number of new appointments as it strengthens its team. The most recent appointments include Tom Dickson as President, Innovation Strategies...
Posted: May 14, 2025
As extreme weather events and related losses increase around the world, the Geneva Association calls for action to safeguard the availability and affordability of home insurance, particularly in advanced economies. In its recent report, ‘Safeguard...
Posted: May 14, 2025
AM Best, the credit rating agency, has reaffirmed its stable outlook for the insurance markets of the Gulf Cooperation Council (GCC), which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). In its latest repo...
Posted: May 14, 2025
Aon, the global insurance and reinsurance broking group, has disclosed that the insurance industry was buyer-friendly throughout the first quarter of 2025, providing much-needed stability. The broker explained that the moderate market conditions i...
Posted: May 13, 2025
Specialty insurer and reinsurer, Vantage Group Holdings Ltd., has appointed Steve Fales as Senior Vice President (SVP), Investor Relations, effective immediately. In the role, he reports to Chris McKeown, Chief Executive, Reinsurance, insurance-li...
Posted: May 13, 2025