Reinsurance News
The insurance financial strength rating (IFSR) of Saudi Reinsurance Company’s (Saudi Re) has been upgraded by Moody’s Ratings to A2 from A3, while the firm’s A1.sa national scale IFSR has also been affirmed. At the same time, the...
Posted: Apr 24, 2025
Cowbell, a cyber insurance provider focused on small to medium-sized enterprises and the middle market, has introduced Prime One Tech in the UK. This new offering combines professional indemnity and cyber coverage, built specifically for technolog...
Posted: Apr 24, 2025
Bermuda-based reinsurer RenaissanceRe (RenRe) incurred net claims and claims expenses from large loss events of more than $1.7 billion in the first quarter of 2025, driven by almost $1.6 billion of net claims from the January California wildfires,...
Posted: Apr 24, 2025
After several years of elevated growth and performance, the US property and casualty (P&C) insurance sector is approaching a period of slower expansion and rising uncertainty, reports reinsurance giant Swiss Re. According to James Finucane, Se...
Posted: Apr 24, 2025
Willis, a WTW business, has named Harry Merker as the new Property and Casualty (P&C) Cross Industry Sales Leader and Alternative Asset Insurance Solutions (AAIS) Sales, Strategy, and Execution Leader for North America. In this newly establish...
Posted: Apr 24, 2025
Apollo, the technology-driven insurance platform, in collaboration with Moonrock, a managing general agent specialising in drone insurance, has announced the launch of a new insurance facility designed to support emerging risks in drone, eVTOL, an...
Posted: Apr 24, 2025
Nexus Underwriting, a specialty Managing General Agent (MGA), has announced the appointment of Ana Ortega Lamaignère as Broker & Partner Manager for Spain in its Trade Credit business in Europe, effective April 1st, 2025. In her new role, Lama...
Posted: Apr 24, 2025
Large French insurer AXA’s Board of Directors has proposed the renewal of Thomas Buberl’s mandate as a director and intends to reappoint him as the company’s Chief Executive Officer (CEO). Buberl has served as CEO and Director of AXA s...
Posted: Apr 23, 2025
Evan Greenberg, Chief Executive Officer (CEO) of large US insurer Chubb, said today that with much uncertainty surrounding tariffs and inflation, the company is watching closely for potential impacts on short tail lines of business. “I don&#...
Posted: Apr 23, 2025
Swiss composite insurance groups, Helvetia and Baloise have announced their intention to join forces in a merger of equals, proposing the formation of “Helvetia Baloise Holding Ltd”. The proposed entity will create the second-largest i...
Posted: Apr 23, 2025
ZestyAI, a provider of AI-driven insurance risk analytics, played a key role in helping carriers and insurers of last resort extend coverage to over 511,000 properties previously considered uninsurable in 2024. In the coming year, the company aims...
Posted: Apr 23, 2025
As part of the continued evolution of NSM Insurance Group, Novacore has been launched as an independent specialty insurance provider, leveraging advanced technology, automation, and analytics to drive performance, fuel growth, and transform niche...
Posted: Apr 23, 2025
Global Parametrics, part of the CelsiusPro Group, and Canopius, an international specialty lines and P&C re/insurer, have announced the signing of a Lloyd’s syndicate coverholder partnership. Under this collaboration, Global Parametric becomes...
Posted: Apr 23, 2025
Global technology services provider DXC Technology has appointed William Pieroni as Global Strategy and Growth Leader for Insurance Software & Business Process Services (BPS). Pieroni holds more than 25 years of experience, having most recentl...
Posted: Apr 23, 2025
Amphitrite Underwriting London, a marine specialist managing general agent (MGA), has expanded its Marine War offering with an additional $40m in Lloyd’s capacity. The added capacity provides brokers and clients with more options and extends the r...
Posted: Apr 23, 2025
CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointment of Todd Jones as Chief Growth Officer, effective June 2025. In this role, Jones will lead CRC Group’s strategic initiatives aimed at drivi...
Posted: Apr 23, 2025
Accelerant, a services and data platform for the specialty insurance market, has announced the addition of QBE and Tokio Marine America to its Accelerant Risk Exchange, significantly enhancing the platform’s capabilities and reach. Accelerant’s Ri...
Posted: Apr 23, 2025
Goosehead Insurance, a personal lines insurance distribution, has announced the appointment of Bill Wade to its Board of Directors, to help drive the company’s technology-driven expansion. Wade will leverage his deep expertise in leveraging emergi...
Posted: Apr 23, 2025
As part of its ongoing efforts to optimise operations, Swiss Re Corporate Solutions has made a strategic decision to consolidate services for Chinese corporations within its mainland China offices. With this in mind, Swiss Re CorSo has noted it wi...
Posted: Apr 23, 2025
Open-source catastrophe modelling platform, Oasis Loss Modelling Framework, has expanded across Europe through a series of new partnerships, model innovations, and industry collaborations. Namely, Oasis LMF has welcomed Arundo Re as its newest mem...
Posted: Apr 23, 2025
Chaucer Group, a global specialty insurance and reinsurance group, has partnered with Armilla AI, a provider of specialised insurance and risk management solutions for AI, to launch a new standalone third-party liability (TPL) insurance product. T...
Posted: Apr 23, 2025
Xceedance, a global provider of technology and digital solutions, has announced the appointment of Gavin Lillywhite as SVP, Operating Leader UKI and Europe. Lillywhite’s three decades of international experience in the London, Lloyd’s,...
Posted: Apr 23, 2025
Global insurer Chubb has announced its financial results for the first quarter of 2025, reporting a net income of $1.33 billion, impacted by total pre-tax net catastrophe losses of $1.64 billion, which includes $1.47 billion from the California wi...
Posted: Apr 23, 2025
Brit Group Holdings Limited has appointed Jonathan Mudd as Active Underwriter for Syndicate 2988. Mudd, who joined Brit in 2003, currently serves as Managing Director for FinPro and Cyber. He will retain this position alongside his new responsibil...
Posted: Apr 23, 2025
Zurich-based catastrophe insurance data provider PERILS AG has issued its initial industry loss estimate for Cyclone Alfred, placing the total insurance market loss at AUD 2.568 billion. For those unaware, Cyclone Alfred impacted the Australian st...
Posted: Apr 23, 2025