Reinsurance News
Conditions in the U.S. property catastrophe reinsurance market continued to shift in favour of buyers at the mid-year renewals, yet portfolio returns remain strong and attractive for reinsurers and investors alike, even with the rate reductions, a...
Posted: Jul 03, 2025
The Ardonagh Group has acquired a majority stake in Apex Insurance (Holdings) Limited in Hong Kong. The move strengthens Ardonagh’s footprint in the region, as it will operate Apex alongside PSC’s Hong Kong operations, PSC HK Insurance Group (PSC...
Posted: Jul 03, 2025
Sandeep Gopal has joined global insurer American International Group (AIG) as Chief Risk Officer, Asia Pacific (APAC). In his new role, Gopal will lead the Enterprise Risk Management strategy in the region, focusing on strengthening risk governanc...
Posted: Jul 03, 2025
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired Aerospace Insurance Managers (AIM), a general aviation insurance services provider, from Hallmark Financial, in an undisclosed transaction. This acquisition mar...
Posted: Jul 03, 2025
Global reinsurer Hannover Re has announced the appointment of Steven Hardy as Head of Life & Health (L&H) Ireland & Canada. In this role, Hardy will be based at Hannover Re’s Dublin subsidiary, which plays a key role in advancing the c...
Posted: Jul 03, 2025
Global life insurance group Resolution Life has completed a $750 million Tier 2 listed debt issuance, attracting strong investor demand with a peak order book surpassing $3.25 billion. According to the firm, which specialises in reinsurance and th...
Posted: Jul 03, 2025
The Insurance Information Institute (Triple-I) has announced the appointment of Patrick Schmid as Chief Insurance Officer, effective July 11, 2025. Schmid will also lead the organisation’s Catastrophe Resiliency Council and the Insurance Research...
Posted: Jul 03, 2025
Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, has launched a Hong Kong-focused reinsurance broking platform, with Roy Wong appointed as Managing Director, Reinsurance, Hong Kong, effective July 21st, 2025...
Posted: Jul 03, 2025
Relation Insurance Services (Relation), an insurance brokerage firm, has announced its acquisition of Albert G. Ruben, a pioneer in Hollywood and the global entertainment industry known for delivering specialised insurance services to major film s...
Posted: Jul 03, 2025
Jonathan Zhao has been promoted to Global Insurance Leader at EY, taking over the role from Isabelle Santenac, who had been leading the practice for the past six years. Zhao, who has been with the company for nearly 25 years, will now oversee a te...
Posted: Jul 03, 2025
Diesta, the insurance payment reconciliation and distribution specialist, has partnered with INSHUR, a global provider of insurance solutions for the on-demand economy, to automate payment operations and support INSHUR’s next phase of growth. Thro...
Posted: Jul 03, 2025
Carrick Group Limited, a Bermuda-based international non-life legacy insurer, has announced the appointment of Armin De Weerdt as Assistant Vice President (AVP), Finance. De Weerdt is joining Carrick from Pillar Capital Management Limited, a Bermu...
Posted: Jul 03, 2025
According to reinsurance broker Gallagher Re’s 1st View mid-year renewal report, recent legislative reforms in the State of Florida encouraged reinsurers to write across the board at the mid-year renewals, in hopes of maintaining their market shar...
Posted: Jul 02, 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its third industry loss estimate for the ice storm that impacted Ontario and Quebec from March 28 to 31, 2025, with losses now standing...
Posted: Jul 02, 2025
Global legacy re/insurance specialist Enstar Group Limited has announced the completion of its acquisition by investment firm Sixth Street for $338.00 in cash per ordinary share, representing a total equity value of $5.1 billion. The acquisition w...
Posted: Jul 02, 2025
According to new data released by the Insurance Council of Australia (ICA), the total insured cost of extreme weather events in the first half of 2025 has now surpassed AUD 1.8 billion from 148,437 claims. A breakdown of these claims shows that th...
Posted: Jul 02, 2025
Global reinsurance broker Gallagher Re has announced the appointment of Pablo Muñoz as Chief Executive Officer (CEO) of Global Facultative Reinsurance, effective July 2, 2025. Based between London and Miami, Muñoz will leverage his over 25 years o...
Posted: Jul 02, 2025
Achim Bosch has officially taken as Chief Executive Officer (CEO) of Deutsche Rückversicherung AG (Deutsche Rück) as of July 1st, 2025, from Frank Schaar, who held the role since February 2018, and is retiring. The Supervisory Board of Deutsche Rü...
Posted: Jul 02, 2025
In an interview with Reinsurance News, John Fitzgerald, President of MS Transverse, said the company’s recent upgrade of its Financial Strength Rating to A+ (Superior) from A (Excellent) by AM Best cements its leadership in the hybrid fronting spa...
Posted: Jul 02, 2025
Earnix, a Dynamic-AI platform for insurance, has announced that its new PolicyCenter v10 accelerator is now available to Guidewire PolicyCenter version 10 users via the Guidewire Marketplace, helping insurers respond quickly to market changes and...
Posted: Jul 02, 2025
The Lloyd’s Market Association (LMA) has launched a new model clause, LMA5670 – General Sanctions Financial Crime Documentation Clause, designed to strengthen sanctions compliance in reinsurance and insurance contracts. This measure aims to empowe...
Posted: Jul 02, 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Niala Butt as Head of Casualty Claims, UK, effective immediately, based in London. In her new role, she will report to Nik Mahida, Head of Third-party claims, U...
Posted: Jul 02, 2025
Global reinsurer MAPFRE RE has entered into an agreement with ICEYE, an specialist in satellite-based disaster management solutions, to license its Flood Insights data globally. This collaboration aims to improve MAPFRE RE’s rapid and effective re...
Posted: Jul 02, 2025
BMS Group, an independent global insurance and reinsurance broker, has announced the appointment of Janine Seifert as Managing Director of Strategy and Advisory at BMS Re, the reinsurance division of BMS Group. In her new role, Seifert will be bas...
Posted: Jul 02, 2025
Fortitude Re has closed a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (FRL) and Unum Life Insurance Company of America (Unum), a subsidiary of Unum Group. Consistent with the agreement announced earlier this...
Posted: Jul 02, 2025