Reinsurance News
Swiss Re’s P&C Reinsurance business unit has announced the creation of a new Global Facultative (Fac) market unit, which will be led by Sanaa Souidi. The unit aims to enhance the client experience through faster, more agile decision-making and...
Posted: Apr 22, 2025
Global specialty insurance firm Ryan Specialty has signed a definitive agreement to acquire certain assets of international managing general agent (MGA), USQRisk Holdings, LLC. The terms of the acquisition were not disclosed. The deal is expected...
Posted: Apr 22, 2025
Nick Pritchard has been appointed as interim Chief Underwriting Officer (CUO) of Conduit Holdings Limited (CHL), the ultimate parent company of Conduit Re, a multi-line Bermuda-based reinsurer. Pritchard takes on his new position with immediate ef...
Posted: Apr 22, 2025
US primary insurer The Allstate Corporation expects aggregate reinsurance recoveries of approximately $123 million, as catastrophe losses in March saw the firm surpasses the retention level of its annual aggregate reinsurance cover for the annual...
Posted: Apr 22, 2025
Sustaining demand in the cyber insurance market is vital for long-term growth, requiring increased investment and innovation in product design to deliver more comprehensive, tailored solutions that position cyber coverage as an essential, value-dr...
Posted: Apr 22, 2025
Industry giant Swiss Re has appointed Helvetia’s Bernhard Kaufmann to succeed Patrick Raaflaub as Group Chief Risk Officer (CRO), effective October 1st, 2025. Kaufmann has 17 years of industry experience and has held the position of CRO for...
Posted: Apr 22, 2025
The “gradual easing of the hard market” in 2024 led to an improvement for reinsurers, though less pronounced than in 2023, particularly in reinsurance terms and program structures, as per Hervé Nessi, Arundo Re’s Chief Underwriting Officer....
Posted: Apr 22, 2025
DUAL North America has announced it is strengthening its flood insurance leadership with the appointment of Cameron Conboy as Executive Vice President of Flood. In his new role, based in San Diego, Conboy will leverage his 19 years of industry exp...
Posted: Apr 22, 2025
Hybrid insurer Hadron has announced it is to acquire The Guarantee Company of North America USA (GCNA), a Michigan-domiciled insurance company, from Atlantic Specialty Insurance Company, a subsidiary of Intact Financial Corporation. The acquisitio...
Posted: Apr 22, 2025
Loadsure, an insurtech managing general agent (MGA), has expanded its senior leadership team with a series of key appointments. Johnny McCord, Founder and CEO of Loadsure, said, “Our expanded leadership team marks a significant milestone for Loads...
Posted: Apr 22, 2025
Natural catastrophes and un-modelled extreme weather risks have now become a global threat for renewable energy markets, raising concerns about the long-term bankability and viability of clean energy projects as the industry expands, according to...
Posted: Apr 22, 2025
Speaking during Marsh McLennan’s Q1 2025 earnings call this afternoon, Dean Klisura, CEO of reinsurance broker Guy Carpenter, provided an outlook for the mid-year reinsurance renewals. Klisura indicated that he expects the trends seen during...
Posted: Apr 17, 2025
Amwins Special Risk Underwriters (SRU) has launched its new Excess Casualty Sidecar Program, offering comprehensive coverage solutions across a wide range of industries. Available exclusively through Amwins brokers and written on A+ rated paper, t...
Posted: Apr 17, 2025
Independent insurance broker Lockton has announced the appointment of Chris DiLullo as its first U.S. Industry Practices Leader. In this newly created role, DiLullo will report to Tim Ryan, U.S. President at Lockton, and lead the firm’s national s...
Posted: Apr 17, 2025
According to Aon’s Q1 Global Catastrophe Recap, insured losses in the opening quarter exceeded $53 billion, well above the 21st-century Q1 average of $17 billion, marking the second-highest total on record after Q1 2011. As per the firm̵...
Posted: Apr 17, 2025
Ignyte Insurance has officially launched as a specialty insurance platform focused on acquiring, scaling, and accelerating high-performing insurance brands in niche markets globally. Led by Geof McKernan, Bill McKernan and Marc Castellucci, the la...
Posted: Apr 17, 2025
Neptune Flood, a private flood insurance provider in the US, has announced several strategic leadership updates to support its ongoing expansion. Matt Duffy has been promoted from Managing Director to President. In this expanded role, Duffy will l...
Posted: Apr 17, 2025
Gallagher has launched a new Risk Advisory practice for the Middle East and Africa (MEA) region with the appointment of Stephen Scott as its Head. In his new role he will bring together Gallagher’s global consulting and analytic capabilities with...
Posted: Apr 17, 2025
Global broking group Marsh McLennan’s reinsurance arm, Guy Carpenter, saw its revenue increase in the first quarter of 2025 to $1.2 billion, as total revenue within the Risk & Insurance Services segment rose 11%. Guy Carpenter’s re...
Posted: Apr 17, 2025
K2 Cyber, a K2 Insurance Services brand, has partnered with TransUnion, a global information and insights company, for Commercial Cyber Services and Cyber Claims Management. Through this collaboration, K2 Cyber policyholders will have access to Tr...
Posted: Apr 17, 2025
International speciality re/insurance MGA Rokstone, part of the Aventum Group, has announced the appointment of Giles Hussey as SEO of its Dubai International Financial Centre (DIFC) operations, subject to regulatory approval. With a 35-year caree...
Posted: Apr 17, 2025
Mitigrate, a climate insurtech and Lloyd’s Lab alumni, has received a strategic investment from Lloyd’s, with continued support from its existing investors. Mitigrate is a ClimateTech SaaS startup offering a platform designed to reduce flood risk...
Posted: Apr 17, 2025
Ardonagh Netherlands, the Dutch arm of The Ardonagh Group, has announced the appointment of Wim Hekstra as Chief Executive Officer, effective June 1st, 2025. In his new role, Hekstra will lead Ardonagh Europe’s regional growth strategy as the busi...
Posted: Apr 17, 2025
Zurich-based catastrophe insurance data provider PERILS AG has added market sums insured for the peril of severe convective storm (SCS) in Europe, Japan, and New Zealand to its 2025 Industry Exposure Database (IED), citing growing demand from re/i...
Posted: Apr 17, 2025
Transatlantic Underwriters (TAU), a specialty insurance firm known for its focus on the transportation sector, is expanding its services with the introduction of a Property & Casualty (P&C) division. This strategic move broadens TAU’s capa...
Posted: Apr 17, 2025