Reinsurance News
In his recent address to the shareholders, Joachim Wenning, CEO and Chair of Munich Re’s Board of Management, expressed his concerns regarding the current political developments, cautioning about the risk of a weakening Germany and Europe. While s...
Posted: Apr 30, 2025
CatIQ, an independent Toronto-based provider of catastrophe insurance data and a subsidiary of PERILS, has released its initial industry loss estimate for the ice storm that struck Ontario and Quebec between March 28 and 31, 2025. The preliminary...
Posted: Apr 30, 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based insurer and reinsurer Arch Capital Group, said today that he expects the upcoming Florida reinsurance renewal season to be more flattish than what was seen at the April renewals,...
Posted: Apr 30, 2025
Howden, the international insurance intermediary group, has named April McLaughlin as Managing Director of its newly established Miami office. Her appointment marks a strategic move to enhance Howden’s presence in Latin America and the Caribbean t...
Posted: Apr 30, 2025
Legacy sector leader RiverStone International has reported $260 million in underwriting profits for 2024, up 22% from 2023’s $213 million. RiverStone also disclosed $2.6 billion in net claims outstanding acquired in 2024, up from $2.2 billio...
Posted: Apr 30, 2025
Tokio Marine Kiln (TMK), a global specialty insurer, has announced the appointment of Alex Dugand as Strategy Officer. TMK is an international insurer known for its specialist underwriting expertise, outstanding claims service, and innovative prod...
Posted: Apr 30, 2025
Data analytics and technology provider Verisk has released a first-of-its-kind catastrophe model to help quantify the financial impacts of strikes, riots and civil commotion (SRCC) in the United States in response to escalating insurance losses fr...
Posted: Apr 30, 2025
Global specialty insurer Mosaic Insurance has appointed Thomas Duggan as the Head of Claims for North America, based in New York. He was one of the 14 environmental specialists Mosaic hired across the US last year to build out the unit. In the exp...
Posted: Apr 30, 2025
Kinsale Capital Group, Inc. has announced its financial results for the first quarter of 2025, reporting a net income of $89.2 million, which includes after-tax catastrophe losses of $17.8 million. This year’s Q1 net income compared to the $98.9 m...
Posted: Apr 30, 2025
Global insurance and reinsurance broker Aon has acquired the operations of Atlas Insurances Agency, one of Israel’s most established insurance firms specialising in marine insurance. Atlas, a Lloyd’s coverholder, offers a range of marine insurance...
Posted: Apr 30, 2025
Hong Kong-based global reinsurer Peak Re has announced its 2024 full-year financial results, reporting a net profit after tax of $187 million, which marks the company’s second-best results in its 12-year history. The company attributed this succes...
Posted: Apr 30, 2025
Maiden Holdings’ shareholders have approved all proposals related to the company’s proposed business combination with Kestrel Group LLC. Previously announced in December 2024, Maiden entered into a Combination Agreement with Kestrel to form a new,...
Posted: Apr 30, 2025
At SCOR SE’s recent Combined Shareholders’ Meeting, the appointments of Diane Côté and Doina Palici-Chehab as directors were announced, along with Jacques Aigrain as an observer. The Ordinary and Extraordinary Shareholders’ Meeting was held on 29t...
Posted: Apr 30, 2025
New research conducted by hyperexponential (hx), a provider of pricing decision intelligence software for the insurance industry, suggests a growing transatlantic divide in the adoption of artificial intelligence (AI). While both UK and US insurer...
Posted: Apr 30, 2025
Howden India has appointed Mandira Gupta as Managing Director and Head of M&A for India, the Middle East, and Africa (IMEA). Gupta holds over two decades of M&A leadership experience in insurance broking and investment banking, having repo...
Posted: Apr 30, 2025
Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has reported an 8.9% increase in group-wide gross premiums written (GPW) to $6.5 billion for the first quarter of 2025, compared to $5.9 billion last year, as the firm’s com...
Posted: Apr 30, 2025
EPIC Insurance Brokers and Consultants, a US-based retail property and casualty insurance brokerage and employee benefits consulting firm, has announced the appointment of Sean Jackson as Managing Principal and Global Leader. In this newly elevate...
Posted: Apr 30, 2025
Morningstar DBRS has indicated that the financial losses related to insurance claims from the severe power outage in the Iberian Peninsula will be manageable, with insured losses estimated between €100 million and €300 million in Spain, and signif...
Posted: Apr 30, 2025
The Dubai International Financial Centre’s (DIFC) re/insurance business increased by 35% as gross written premiums (GWP) hit $3.5 billion, generated by 125 insurance-related entities in 2024, compared to $2.6 billion in 2023. The Middle East...
Posted: Apr 30, 2025
Vantage Group Holdings, a specialty insurer and reinsurer, has announced the appointment of Paul Livingstone as Senior Vice President for Credit, Mortgage, and Structured Re/Insurance. In his new role, Livingstone will lead the expansion of Vantag...
Posted: Apr 30, 2025
Insurance brokerage Brown & Brown, in its unaudited 2025 first quarter results, reported revenue growth of $146 million, or 11.6% to $1.4 billion, under US GAAP, compared to total revenues of $1.2 billion in Q1’24. For Q1’25, the firm’s...
Posted: Apr 30, 2025
AXA XL, a re/insurance provider, is broadening its cyber insurance offerings for small and midsize enterprises (SMEs) by appointing Michelle Aliperti as Head of SME for the Americas. Based in New York, Aliperti will report to Michelle Chia, the Ch...
Posted: Apr 30, 2025
HDI Global SE, the Corporate & Specialty Division of the Talanx Group, has announced the appointment of Andrew Weare as new Lead Underwriter Mining, succeeding Matthew Johnson who is retiring. In his new role, Weare, who has been with HDI Glob...
Posted: Apr 30, 2025
The Board of Directors of Italian insurance giant Generali has elected Philippe Donnet as Managing Director (MD) and Group Chief Executive Officer (CEO) for another three-year term. At a meeting held yesterday, the Board elected, for the three-yea...
Posted: Apr 29, 2025
Earnix, the artificial intelligence (AI) platform for insurance, has signed a definitive agreement to acquire Zelros, a generative AI player for insurers and banks. Through combining Earnix’s advanced predictive AI platform with Zelros’s GenAI rec...
Posted: Apr 29, 2025