Reinsurance News
Novel Financial Holdings, a new independent holding company that will oversee insurance carriers supporting managing general underwriters (MGUs), has launched with former PartnerRe CEO Jacques Bonneau as Chairman and Howden Re’s Rob Bredahl as CEO...
Posted: May 28, 2025
CLARA Analytics, a provider of artificial intelligence technology for commercial insurance claims optimisation, has released new research demonstrating that advanced machine learning can identify signs of potential fraud just two weeks after a cla...
Posted: May 28, 2025
Property and casualty insurer, The Travelers Companies, Inc., has agreed to sell the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Canadian property and casualty insurer Definity Financial...
Posted: May 28, 2025
MNK Group, the independent global group of insurance companies, has appointed Alex Noorbaccus as its new Group Chief Risk Officer. In this role, Noorbaccus will be responsible for accelerating the development and rollout of the Group’s risk manage...
Posted: May 28, 2025
Hannover Re has announced the appointment of Gavin Maguire as Global Head of the reinsurer’s newly established division, L&H Traditional Business. Maguire offers valuable strategic insight and a collaborative approach, drawing on his deep expe...
Posted: May 28, 2025
AXIS, a provider of specialty insurance and reinsurance solutions, has announced a number of organisational changes to further enhance underwriting and operational performance within AXIS Global Markets. Sara Farrup, Head of Global Markets, commen...
Posted: May 28, 2025
Tokio Marine Holdings, Inc. has launched Tokio Marine GX, a new international offering aimed at advancing green transformation, founded upon GCube, an underwriter of renewable energy products. The launch furthers the Group’s efforts toward carbon...
Posted: May 28, 2025
DARAG Deutschland AG, the German insurance carrier of DARAG Group, has completed a loss portfolio transfer (LPT) with an European carrier. This deal, the firm stated. Will be followed by a portfolio transfer (PTA) with the carrier. Tom Booth, CEO...
Posted: May 28, 2025
Following a comprehensive global evaluation by Samsung Financial C-Lab Outside, Samsung Fire & Marine Insurance (SFMI) has selected Cyberwrite to strengthen its cyber insurance capabilities, citing Cyberwrite’s expertise in cyber catastrophe m...
Posted: May 28, 2025
Global reinsurance broker Gallagher Re has appointed Aon’s Chulmin Jang as Chief Executive Officer (CEO) for Gallagher Korea, effective May 28th, 2025. PhilWon Jeong, the current CEO of Gallagher Korea, will transition to the role of Chairma...
Posted: May 28, 2025
Hong Kong-based reinsurer Peak Re has launched and had rated a new North American underwriting entity, Peak Reinsurance North America Ltd. (Peak Re NA), domiciled in Bermuda, demonstrating the company’s commitment to growing its footprint in...
Posted: May 28, 2025
Kestrel Group LLC and Maiden Holdings, Ltd. have announced the successful completion of their combination, forming a new publicly listed specialty program group. The two companies initially announced in December 2024 that they had entered into a c...
Posted: May 28, 2025
Re/insurers can play a vital role in supporting infrastructure development in Africa through risk mitigation solutions and by acting as significant institutional investors, according to a recent report by the African Insurance Organisation (AIO)....
Posted: May 28, 2025
Tokio Marine HCC International (TMHCCI), a subsidiary of the Tokio Marine HCC group headquartered in Houston, Texas, has announced the appointment of Claire Spiteri as Senior Underwriter within its Professional Risks division. Based in Manchester,...
Posted: May 28, 2025
Jon Colello, President of PartnerRe Ltd., has been elected Chair of the Board of Directors for the Reinsurance Association of America (RAA)—a national trade association representing property and casualty reinsurers operating in the United States—d...
Posted: May 27, 2025
United Risk, an international property and casualty insurance underwriting and a division of Applied Underwriters, has announced the appointment of Richard Christofer as President and Chief Commercial Officer, among a number of other promotions an...
Posted: May 27, 2025
Willis, a WTW business, has released its Reputational Risk Readiness Survey 2024/25, highlighting a sharp rise in concerns around cyber threats and environmental challenges among global senior executives. Of the 500 respondents, 65% identified cyb...
Posted: May 27, 2025
Pan-African reinsurer Continental Reinsurance Group has announced a number of leadership appointments, including Lawrence Nazare’s as Group Managing Director. In his new role, headquartered in Botswana, Nazare will oversee the Group’s pan-African...
Posted: May 27, 2025
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported an underwriting loss of ₹392.3 crore for the fourth quarter ended March 31st, 2025, compared to a profit of ₹570.06 crore in the prior year fourth qu...
Posted: May 27, 2025
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported an underwriting loss of ₹392.3 crore for the fourth quarter ended March 31st, 2025, compared to a profit of ₹570.06 crore in the prior year fourth qu...
Posted: May 27, 2025
Specialty insurance faces two key challenges, data loss due to a distended value chain and a lack of affordable and accessible technology, leading insurance service and data platform Accelerant to work to reengineer the business model, CEO Jeff Ra...
Posted: May 27, 2025
Chaucer Group, a global specialty insurance and reinsurance group, has announced the appointment of Jordan Ray as Head of Renewable Energy and Energy Transition. Based in London, Ray will report to and work closely with Simon Schnorr, Head of Mari...
Posted: May 27, 2025
Property catastrophe reinsurance post Q1 2025 results indicate that while there is ongoing rate pressure, market discipline and strong cedent demand are helping to maintain a healthy balance for the property catastrophe reinsurance market, accordi...
Posted: May 27, 2025
AM Best has revised the outlook for the Long-Term Issuer Credit Rating of MS Reinsurance to positive from stable, reflecting the company’s increasing significance within the MS&AD group and its improving financial performance. The rating...
Posted: May 27, 2025
Bermuda-based insurer and reinsurer SiriusPoint has announced the appointment of Philip Enan as Chief Strategy and Corporate Development Officer. Based in New York, Enan joins the company’s Executive Leadership Team and will report to Chief Execut...
Posted: May 27, 2025