Reinsurance News
KISTERS has launched HailSens360 across Europe, combining real-time hail sensors with hyperlocal forecasts and nowcast alerts to protect solar, crops, and insured assets. According to KISTERS, HailSens360 brings together advanced hail detection, h...
Posted: May 19, 2025
Concert Group Holdings (Concert), a privately owned insurance holding company, has appointed Charles Slatery as Chair of the Group, and industry veteran Matthew Adams as an Independent Non-Executive Director to the Board. Slatery is currently the...
Posted: May 19, 2025
Google Cloud has expanded its Risk Protection Program (RPP) to more than 30 markets across EMEA and has added new cyber insurance partners, Beazley and Chubb, alongside founding partner Munich Re. Google Cloud’s RPP is said to blend cloud se...
Posted: May 19, 2025
CyberCube, a provider of cyber risk analytics, has partnered with US insurer Aviva to harness artificial intelligence (AI) for cyber threat actor intelligence. This partnership will see Aviva use CyberCube’s ‘Portfolio Threat Actor Intelligence’ s...
Posted: May 19, 2025
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual Insurance Group, has partnered with XS Latam and SFA CEBAR to launch a parametric agriculture product designed to financially protect Colombian farmers against adverse clima...
Posted: May 19, 2025
Life and health reinsurer Pacific Life Re has appointed Kenichi Kim as Head of South Korea, overseeing its growth and operations in the region. Kim brings over 15 years of experience in financial services and reinsurance, having held roles across...
Posted: May 19, 2025
AM Best, the credit rating agency, is maintaining its stable outlook for Japan’s non-life insurance industry, reflecting improved underwriting fundamentals, especially in the fire insurance segment, and the positive impact of stronger regulatory o...
Posted: May 19, 2025
Launch Underwriters, a Managing General Agent (MGA), has appointed Dennis Sparks as its new Chief Executive Officer (CEO), effective May 5th, 2025. Alongside this, Erik W. Matson will now serve as Executive Chairman. In the new role, Sparks aims t...
Posted: May 19, 2025
Insurance Australia Group (IAG) has entered a strategic alliance with The Royal Automobile Club of Western Australia (RAC) to provide general insurance products and services for RAC members and Western Australians. The transaction includes IAGR...
Posted: May 19, 2025
The latest market survey from The Council of Insurance Agents & Brokers reveals a noticeable easing in premium increases across all commercial insurance account sizes in the first quarter of 2025. According to their findings, premium increases...
Posted: May 16, 2025
Zurich North America (NA), a provider of insurance and risk management services, has strengthened its leadership with Heather Fox now set to lead the US National Accounts business. Most recently, Fox was the Chief Underwriting Officer (CUO) for Zu...
Posted: May 16, 2025
Andreas Berger, CEO of Swiss Re, has suggested that while the firm’s property and natural catastrophe lines faced tougher competitive pressures so far in 2025, the overall environment remains healthy. During Swiss Re’s Q1 2025 conference call, Ber...
Posted: May 16, 2025
Concirrus, a provider of AI-centric insurance solutions, has announced the appointment of Steve O’Reilly as Product Manager. As part of his new responsibilities, O’Reilly will lead product initiatives designed to enhance the underwriti...
Posted: May 16, 2025
Milliman, a consulting and actuarial firm, reports that the US property & casualty (P&C) insurance industry achieved its strongest underwriting performance since 2013 in 2024. The net combined ratio (NCR) for the year stood at 96.6, repres...
Posted: May 16, 2025
The Insurance Information Institute (Triple-I) reports that the US property & casualty (P&C) insurance industry achieved its strongest underwriting performance since 2013 in 2024. The net combined ratio (NCR) for the year stood at 96.6, re...
Posted: May 16, 2025
Marsh McLennan, a global insurance and reinsurance broker, has elected the entire slate of 2025 director nominees at its 2025 Annual Meeting of Stockholders. The eleven members have been elected for a one-year term expiring at next year’s annual m...
Posted: May 16, 2025
WTW, an advisory, broking, and solutions firm, has revealed its latest Global Supply Chain Risk Survey, capturing a major pivot in how large corporations are approaching supply chain risk in 2025. The report, based on responses from 1,000 senior e...
Posted: May 16, 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the appointment of Lukas Müller as a Chairman MEA, effective September 1, 2025. Based in Zurich, Müller brings significant experience in client engagement across all lines...
Posted: May 16, 2025
Insurance and reinsurance broking group Gallagher has announced the appointment of Sanjay Mehra as Head of Marine in India. Mehra, who has 15 years in the insurance industry, with a strong focus on marine specialty, is joining the company from Aon...
Posted: May 16, 2025
Year-to-date, reinsurance giant Swiss Re has seen a net price reduction of 1.5%, and although it’s clear the reinsurance sector is at the beginning of a softening cycle, it’s still an attractive marketplace, according to Anders Malmstr...
Posted: May 16, 2025
International specialist insurer Hiscox has appointed Jane Guyett to the role of Senior Independent Director with immediate effect. Guyett succeeds Lynn Pike following the conclusion of the 2025 Annual General Meeting, at which both Pike and fello...
Posted: May 16, 2025
USAA, a provider of insurance, banking, and financial services for military members and their families, has announced the appointment of Brian Goldman as its new Chief Risk Officer, effective May 27th, 2025. With nearly 30 years of experience in g...
Posted: May 16, 2025
Global reinsurer Swiss Re generated net income of $1.3 billion for the first quarter of 2025, an increase of 16% year on year with a solid performance across life and health (L&H) and property and casualty (P&C) reinsurance, despite the la...
Posted: May 16, 2025
Slide Insurance, a technology-enabled insurance firm, has finalised pricing for its $250 million Purple Re Ltd. (Series 2025-1) catastrophe bond, the fourth and largest issuance from the company to date. The firm confirmed that the Series 2025-1 c...
Posted: May 16, 2025
Private equity firm GTCR has signed a definitive agreement to acquire leading UK insurance broker JMG Group, in partnership with existing European mid-market investor Synova. The transaction is expected to close in the third quarter of 2025. Headq...
Posted: May 16, 2025