Reinsurance News

Heritage secures more catastrophe reinsurance and higher retention at renewal

Heritage Insurance Holdings, a super-regional P&C insurer, purchased $2.479 billion of catastrophe reinsurance limit at its 2025 renewal, which is up on last year’s $2.194 billion of limit, while this year’s placement included a hi...

Posted: May 09, 2025

Carla Orejas to lead Chubb’s Major Accounts and Distribution for CEMENA

Global insurer Chubb has announced the appointment of Carla Orejas as Head of Major Accounts and Distribution for Continental Europe, Middle East and North Africa (CEMENA), effective June 2, 2025. In her new role, Orejas will work in partnership w...

Posted: May 09, 2025

Synpulse names Jieke Pan as Chief Technology Officer to drive global engineering efforts

Synpulse, a consultancy specialising in the financial services sector, is pleased to announce the appointment of Jieke Pan as its new Chief Technology Officer (CTO). With over 20 years of experience in digital transformation, product innovation, a...

Posted: May 09, 2025

IHC, BlackRock, Lunate partner for $1bn+ Abu Dhabi AI-native reinsurance launch

The International Holding Company (IHC) is launching a new Abu Dhabi based reinsurer with $1 billion plus of equity capital and partnerships with asset managers BlackRock and Lunate, while Mark Wilson the former CEO of Aviva and AIA Group has been...

Posted: May 09, 2025

SiriusPoint names Fenn as Global Head of Marine

Bermuda-domiciled insurer and reinsurer SiriusPoint has promoted Chris Fenn to Global Head of Marine. Additionally, Anthony Grew has been appointed as Head of Cargo effective July 21st, while Giulia Argano will join the Global Claims team as Marin...

Posted: May 09, 2025

Ample opportunities as India’s re/insurance market at inflection point: Policybazaar’s Mathur

India’s risk transfer market is at an inflection point, as reinsurance infrastructure in the country lags the evolution of the rapidly expanding primary insurance market, creating opportunities for new ideas and models, according to Tarun Mathur,...

Posted: May 09, 2025

India’s re/insurance market at inflection point: Mathur, Policybazaar for Business

India’s risk transfer market is at an inflection point, as reinsurance infrastructure in the country lags the evolution of the rapidly expanding primary insurance market, creating opportunities for new ideas and models, according to Tarun Mathur,...

Posted: May 09, 2025

Starwood Capital launches Insurance Strategies group, hires Allard as CIO

Starwood Capital has announced the launch of a new division, Starwood Insurance Strategies, which will act as an extension of the company’s $30 billion real asset credit platform. Rob Allard, who has over 27 years of financial industry experience...

Posted: May 09, 2025

Zurich secures aggregate reinsurance amid ‘favourable price environment’

Large European insurer Zurich took advantage of the “favourable price environment” at the April renewals and secured global aggregate reinsurance cover for lower layers, leveraging alternative, collateralised, and traditional capacity,...

Posted: May 08, 2025

Hamilton posts Q1’25 net income of $81m as catastrophes drive underwriting loss

Bermuda-domiciled re/insurer Hamilton Insurance Group has reported net income of $81 million for the first quarter of 2025, down considerably on the prior year’s $157 million, as the firm’s underwriting result was hit by the California...

Posted: May 08, 2025

Liberty Mutual’s Q1’25 net income surpasses $1bn despite significant cat losses

Liberty Mutual Holding Company Inc. (LMHC), a global property and casualty insurer, reported net income attributable to LMHC of $1.025 billion for the first quarter of 2025, down from $1.535 billion in the same period in 2024, as catastrophe losse...

Posted: May 08, 2025

Ransomware costs ease but email-based attacks dominate, Coalition reports

Coalition, a cyber insurance provider known for its Active Insurance model that aims to prevent digital threats before they cause harm, has published its 2025 Cyber Claims Report, offering a comprehensive view of cyberattack trends affecting its p...

Posted: May 08, 2025

Emma Croucher joins Atrium as Head of US General Liability

Atrium, the specialty insurance group at Lloyd’s, has announced the appointment of Emma Croucher as Head of US General Liability. In her new role, Croucher will oversee the management and building of Atrium’s US General Liability and Medical...

Posted: May 08, 2025

American Integrity prices IPO at $16 per share, targets $126.5m

American Integrity Insurance Group has priced its initial public offering (IPO) of 6,875,000 shares of common stock at $16.00 per share. The offering includes 6,250,000 shares being sold by American Integrity and 625,000 shares offered by existing...

Posted: May 08, 2025

Lloyd’s market at a ‘pivotal point’ as new leadership takes helm: LMA CEO

Sheila Cameron, CEO of the Lloyd’s Market Association (LMA), has suggested that with Patrick Tiernan and Charles Roxburgh appointed as the new CEO and Chair of Lloyd’s, they are stepping in at a “pivotal point” and have a real opportun...

Posted: May 08, 2025

David Soutter to lead RiverStone’s Risk Bermuda team

David Soutter has joined legacy reinsurance and run-off specialist RiverStone International as Head of Risk, Bermuda. A re/insurance executive with experience in financial reporting, regulatory reporting, risk management and treasury related matte...

Posted: May 08, 2025

Greenlight Re’s Q1’25 net income rises despite catastrophes driving underwriting loss

Reinsurer Greenlight Re’s net income increased to $29.6 million in the first quarter of 2025, as a stronger investment result more than offset a $7.8 million underwriting loss amid elevated losses from catastrophes. Greenlight Re’s underwrit...

Posted: May 08, 2025

Consilium welcomes Optio’s Woodward as Chief Claims Officer

Consilium, the global specialty re/insurance broking business of the Aventum Group, has announced the appointment of Nick Woodward as Chief Claims Officer (CCO). Woodward, an ACII-qualified re/insurance lawyer, is recognised as a multi-class and j...

Posted: May 08, 2025

Register for Artemis’ live webinar on the state of the cat bond and ILS market at mid-year 2025

Registration is open for a live and free-to-attend webcast hosted by Artemis, our insurance-linked securities (ILS) focused sister publication, in collaboration with Computershare, which will delve into the state of the catastrophe bond and relate...

Posted: May 08, 2025

Natural hazard costs erode ~72% of Suncorp’s FY allowance

In a new market update, Australian insurer Suncorp has disclosed that it incurred natural hazard costs of AUD 1.115 billion in the 10 months to April 30th, 2025, which has eroded almost 72% of the carrier’s AUD 1.560 billion full year natura...

Posted: May 08, 2025

Rokstone names Lewis Goodearl to lead new UK & Ireland Casualty Division

Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Lewis Goodearl as Head of its newly established UK and Ireland Casualty division. Goodearl joins Rokstone from Convex, where he has spent the past f...

Posted: May 08, 2025

Zurich’s P&C business sees insurance revenue & GWP rise 5% in Q1’25

Zurich has reported that insurance revenue and gross written premiums (GWP) in its Property & Casualty (P&C) segment rose by 5% each in Q1 2025, reaching $10.8 billion and $13.3 billion, respectively. According to Zurich, the Q1 2025 growt...

Posted: May 08, 2025

New IUA CEO prioritises underwriting & claims expertise and emerging risks

Chris Jones, the new CEO of the International Underwriting Association (IUA), announces a dual focus on strengthening underwriting and claims expertise and reassessing emerging and systemic risks. Announced in March 2025, Chris Jones officially as...

Posted: May 08, 2025

Brazil faces intensifying climate risks as insurance sector adapts to shifting weather patterns: How...

Howden Re, the reinsurance and strategic advisory division of Howden, has launched its fourth edition of the Brazil and Global Climate Impacts report, created in collaboration with MeteoIA, a climate analytics firm. This latest report provides an...

Posted: May 08, 2025

Aspen prices upsized IPO, offering could raise $457m

Aspen Insurance Holdings has announced the pricing of its upsized initial public offering (IPO) of 13,250,000 Class A ordinary shares (par value $0.001) at $30.00 per share. In April, Aspen initially planned to offer 11,000,000 Class A ordinary sh...

Posted: May 08, 2025