Reinsurance News
Global insurer QBE is bolstering its Warranty and Indemnity (W&I) offering with the appointment of Alec Raeside as Underwriter, a London based role. Raeside, a qualified corporate solicitor, is joining QBE’s transactional liability team from i...
Posted: May 02, 2025
Xceedance, a provider of insurance consulting, technology, operations, and data solutions, has partnered with FurtherAI, a rapidly growing company specialising in AI Assistants designed for the commercial insurance sector. The collaboration aims t...
Posted: May 02, 2025
The outlook for the US motor insurance market in 2025 suggests rate deceleration in Personal Auto due to increased competition, alongside sustained social inflation challenges for Commercial Auto, according to Craig Nelson, Senior Treaty Underwrit...
Posted: May 02, 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of re/insurer Arch Capital Group, believes the reinsurance market is more disciplined, noting that while rate decreases have been seen, they are from the peak of the market—and the sector remains...
Posted: May 02, 2025
WTW, an advisory, broking, and solutions firm, stands to gain full managerial control of its United Arab Emirates (UAE) domiciled joint venture, Al-Futtaim Willis (AFW), following Al-Futtaim’s decision to sell its 51% stake in the company. T...
Posted: May 02, 2025
The recent cyberattack on M&S is not a UK-centric incident, with the DragonForce ransomware group rapidly emerging as one of the most dangerous threats in the cybersecurity domain globally, according to Rick Welsh, CEO of Killara Cyber. Killar...
Posted: May 02, 2025
Skyward Specialty Insurance Group reported net income of $42.1 million for the first quarter of 2025, up from $36.8 million in the same period of 2024. The company’s adjusted operating income for the quarter was $37.3 million, compared to $31 mill...
Posted: May 02, 2025
Reinsurance Group of America, Incorporated, a global provider of life and health reinsurance, has reported Q1 2025 net income of $286 million, or $4.27 per diluted share, compared with $210 million, or $3.16 per diluted share, in the prior-year qu...
Posted: May 02, 2025
Global professional services firm Aon has appointed Anthony DiLorenzo as Head of US casualty for Reinsurance Solutions. DiLorenzo assumes the role from Amanda Lyons, who was appointed Aon’s global product leader for Reinsurance Solutions in May 20...
Posted: May 02, 2025
Global professional services firm Aon has appointed Anthony DiLorenzo as Head of US Casualty for Reinsurance Solutions. DiLorenzo assumes the role from Amanda Lyons, who was appointed Aon’s global product leader for Reinsurance Solutions in May 20...
Posted: May 02, 2025
Chubb, Zurich North America and National Indemnity have launched a new excess casualty facility that can offer up to $100 million in lead excess casualty insurance capacity on a claims-made basis for large national and multinational companies. Acc...
Posted: May 02, 2025
WTW, a global advisory, broking and solutions company, has announced the acquisition of CFS International Inc. (CFS), an US West Coast trade credit insurance company, into Willis. CFS was founded in 1990 and specialises in delivering trade credit...
Posted: May 02, 2025
Global insurance broker A. J. Gallagher & Co. has reported net earnings of $708.9 million for Q1 2025, up from $612.7 million in Q1 2024, driven by improvements in both its brokerage and risk management segments. Gallagher’s revenues bef...
Posted: May 02, 2025
Although the ongoing tariff war and resulting inevitable higher inflation will undoubtedly impact all lines of insurance and reinsurance business, French reinsurer Arundo Re’s very strong balance sheet will create opportunities for growth, accordi...
Posted: May 02, 2025
Global insurer American International Group (AIG), Inc. has reported strong top-line growth with net premiums written (NPW) for the first quarter of 2025 hitting $4.5 billion, flat year-over-year on a reported basis, although the general insurance...
Posted: May 02, 2025
Greenlight Re, a subsidiary of Greenlight Capital Re, Ltd., has announced the appointment of Martin Vezina as Head of Underwriting Analytics with immediate effect. Based in the company’s Grand Cayman headquarters, Vezina will play an important rol...
Posted: May 02, 2025
Peak Re, a reinsurance company specialising in property and casualty, life, and health solutions, has announced that Kathleen Koh, Managing Director and Head of Underwriting, Credit and Bond, has been appointed Vice Chair of the Asia Committee of...
Posted: May 02, 2025
Ceto, a platform that provides predictive analytics for the maritime industry, has secured $4.8 million from its latest fundraising round to start its data- driven insurance product and support its ongoing global expansion. The round was led by Dy...
Posted: May 02, 2025
Florida domiciled Neptune Flood, a private flood insurance provider, has surpassed $300 million in premium in force, over 235,000 policyholders, and over $100 billion of insured value. These milestones underscores the firm’s commitment to th...
Posted: May 02, 2025
CRC Group, a wholesale specialty insurance distributor in North America, has acquired ARC Excess & Surplus, LLC (ARC), one of the country’s largest specialty wholesale insurance distributors, adding significant scale and capabilities to its gr...
Posted: May 02, 2025
Jim Williamson, CEO of Bermuda-based re/insurer Everest, said today that he expects the mid-year reinsurance renewals to be attractive, and that he doesn’t see property catastrophe reinsurance rates decreasing to a level that makes it a less...
Posted: May 01, 2025
Coalition, an active insurer focused on preventing digital risks through its subsidiary, Coalition Insurance Solutions, a filial of Coalition Insurance Solutions GmbH, Tyskland, has launched its Active Cyber Insurance in the Nordic region. The off...
Posted: May 01, 2025
Tokio Marine HCC International (TMHCCI), the London-based subsidiary of insurance group Tokio Marine HCC, has announced a leadership transition as Thibaud Hervy steps into the role of Chief Executive Officer (CEO), subject to regulatory approval....
Posted: May 01, 2025
Simon West, Director of Customer Engagement at Resilience, commented on the recent cyberattacks targeting Marks & Spencer (M&S) and Co-op, stressing that the incident is particularly concerning due to the attackers’ use of advanced t...
Posted: May 01, 2025
Bermuda-based re/insurers are expected to face gross claim losses nearing US$10 billion in payments to policyholders and cedants in the United States following the catastrophic January 2025 wildfires in Southern California. These fires, which have...
Posted: May 01, 2025