Reinsurance News
Corebridge Financial, an American multinational financial services company, has announced its financial results for the first quarter of 2025, reporting $649 million in adjusted after-tax operating income despite a net loss of $664 million. Q1 202...
Posted: May 06, 2025
European reinsurer Hannover Re has announced the appointment of Lena Kettler as Global Head of Claims (P&C), a newly created position based in Hannover. Kettler is joining Hannover Re with close to two decades of industry experience with exten...
Posted: May 06, 2025
Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has expanded its Bermuda presence with the addition of Jacquelynn Morley to the team. A reinsurance expert with 18 years of experience, Morley brings extensive capabilities in...
Posted: May 06, 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Todd Sutherland, current Senior Vice President, Management Liability for the Excess and Surplus Lines (E&S) segment, to succeed Richard Schmitzer as Presi...
Posted: May 06, 2025
ZestyAI, a provider of AI-driven insurance risk analytics, has announced that its Severe Convective Storm suite, which includes Z-HAIL™, Z-WIND™, and Z-STORM™, has received regulatory approval from the Ohio Department of Insurance. With the additi...
Posted: May 06, 2025
In its Q1 2025 results, Lemonade has reported total revenue of $151.2 million, marking an increase of $32.1 million or 27%, compared to Q1 2024, primarily due to the increase in gross earned premium, ceding commission income, and net investment in...
Posted: May 06, 2025
Mercer, a business of Marsh McLennan, has completed its acquisition of SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. SECOR serves the complex needs of institutional investors, offering a range of end-to-en...
Posted: May 06, 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has reported first quarter 2025 net income of $9 million and adjusted net operating income of $9.1 million, compared to $20.9 million and $14.8 million, respectively, in Q1...
Posted: May 06, 2025
The latest Insurance Marketplace Realities report from Willis highlights opportunities for buyers from ample capital, growing capacity, and renewed competition, signalling a healthy buyer’s market in 2025. Willis, part of global insurance br...
Posted: May 06, 2025
Munich Re Life US, a subsidiary of Munich Re, has partnered with MIB, a provider of data-driven insights and digital services for the life insurance industry, to support the adoption of electronic medical data in life insurance underwriting by enh...
Posted: May 06, 2025
Rokstone, an international speciality re/insurance MGA and part of the Aventum Group, has appointed Kamil Mammadov as Head of Short Tail Lines for Rokstone DIFC, subject to regulatory approval. Mammadov holds over 20 years of underwriting experien...
Posted: May 06, 2025
FM, a property mutual insurance company, has completed the previously announced acquisition of Velocity Specialty Insurance Company (VSIC) from Velocity HoldCo, LLC (Velocity), the former parent company of VSIC and Velocity Risk Underwriters, LLC...
Posted: May 06, 2025
FM, a property mutual insurance company, has completed the previously announced acquisition of Velocity Specialty Insurance Company (VSIC) from Velocity HoldCo, LLC (Velocity), the former parent company of VSIC and Velocity Risk Underwriters, LLC...
Posted: May 06, 2025
Palomar Holdings has reported a net income of $42.9 million for Q1 2025, up considerably compared to the $26.4 million disclosed in Q1 2024. Palomar’s gross written premiums were also up in the opening quarter of 2025, expanding 20.1% from t...
Posted: May 06, 2025
Tony Ursano, founder and managing partner of Insurance Advisory Partners, LLC, has been elected to Assured Guaranty’s Board of Directors on May 2nd, 2025, where he will serve on the Environmental and Social Responsibility, Finance and Risk Oversig...
Posted: May 06, 2025
SiriusPoint Ltd., a provider of re/insurance services, has announced strong results for the first quarter of 2025, continuing its streak of underwriting profitability, with underwriting income of $29 million for the quarter, compared with $44 mill...
Posted: May 06, 2025
Private investment firm GI Partners, in collaboration with insurance industry veterans Brad Emmons and Brian Hanuschak, has launched a new tech-enabled Managing General Agency (MGA) platform that will focus on acquiring and growing a diversified p...
Posted: May 06, 2025
The Fidelis Partnership (TFP), a privately owned, Bermuda-domiciled managing general underwriter, has appointed Peter Welton as its new Head of Specialty. In the role, Welton will report to John-Paul O’Hare, TFP’s Director of Underwriting. He take...
Posted: May 06, 2025
Arthur J. Gallagher & Co. has acquired Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera), an insurance and reinsurance brokerage firm based in Istanbul, Türkiye, in an undisclosed transaction. Aspera specialises in clients operating in sect...
Posted: May 06, 2025
As economic and insurance exposures in high-risk regions are likely to increase with climate change, impacting banks’ and insurers’ ability to support clients, the Bank of England has updated its supervisory expectations to help guide these firms...
Posted: May 06, 2025
Willis, a WTW business, has integrated Moody’s detailed global flood data into its proprietary risk management tools, building upon its partnership with the company. In the past, Willis has incorporated Moody’s catastrophe models into its Property...
Posted: May 06, 2025
Berkshire Hathaway’s Board of Directors has unanimously voted to appoint Greg Abel, Vice Chairman Non-Insurance Operations, as President and CEO, effective January 1, 2026, following a recommendation from Chairman and CEO Warren Buffett. Buf...
Posted: May 06, 2025
Insurance and reinsurance broking group Gallagher has appointed Ian Picton to the newly created role of Head of Energy Transition. In the expanded role, he is responsible for supporting energy clients that already operate in the low-carbon and ren...
Posted: May 06, 2025
Erithmitic, a technology-driven alternative asset manager, recently launched its affiliated reinsurance entity, Navigate Re, which is set to provide the firm with up to $2.5 billion in long-term investment capacity over the next ten years. Initial...
Posted: May 06, 2025
WTW, a global advisory, broking, and solutions firm, has appointed Steve Hutchinson as Head of Property & Casualty (P&C) for Hong Kong and Macau at Willis, a WTW business. Hutchinson brings over two decades of insurance market experience a...
Posted: May 06, 2025