Reinsurance News
Credit rating agency AM Best has upgraded the credit ratings of FAIR Oil & Energy Insurance Syndicate (FOEIS), and revised the outlook to stable from positive. FOEIS’ Financial Strength Rating has been upgraded to B++ (Good) from B+ (Good) and...
Posted: Apr 17, 2025
Guernsey Finance, the promotional agency for the island’s financial services sector, has named Paul Sykes as its new Chairman. The organisation represents and supports Guernsey’s globally respected finance industry, which spans investment funds, p...
Posted: Apr 17, 2025
Having received all necessary regulatory approvals, independent specialty MGA Optio Group has completed the acquisition of Norwegian-based MGA S Insurance AS (S Insurance). This transaction, previously announced in March 2025, is a further strateg...
Posted: Apr 17, 2025
Tokio Marine Kiln (TMK), a global specialty insurer, has announced the appointment of Oliver Delaney as Departmental Head of Liability. In this new role, Delaney will focus on driving commercial opportunities and maintaining TMK’s strong ser...
Posted: Apr 17, 2025
Central and West Asian insurers are increasingly turning to international reinsurance business as they seek to diversify their domestic books and establish a presence in foreign markets—though this approach carries substantial risks, according to...
Posted: Apr 16, 2025
Xceedance, a global provider of technology and digital solutions, has announced the appointment of Subramanian (Subbu) Sankaran as Global Chief Operating Officer. Sankaran brings over 30 years of experience in global operations and transformation...
Posted: Apr 16, 2025
Lloyd’s syndicate AEGIS London has doubled the capacity of its Digital Terrorism Product, SHIELD (Terror), from $250 million to $500 million, an increase that reflects the growing market demand for terrorism insurance solutions. Backed by an AEGIS...
Posted: Apr 16, 2025
Lloyd’s, the insurance and reinsurance marketplace, has made a strategic investment in BreachBits, a cyber risk innovation company founded by former US military cyber warfare veterans. This marks Lloyd’s third investment in cutting-edg...
Posted: Apr 16, 2025
In an interview with Reinsurance News, Danish Iqbal, the recently appointed CEO of Somerset Re, said the company is focused on maintaining discipline and staying true to its core capabilities as it navigates an increasingly competitive life re/ins...
Posted: Apr 16, 2025
Moody’s Ratings considers Ageas’ recent acquisition of esure is credit positive, as it has the potential to enhance the Belgian insurer’s business and geographic diversification, while increasing its share of earnings from fully controlled o...
Posted: Apr 16, 2025
Travelers has reported catastrophe losses of $2.266 billion pre-tax for Q1 of 2025, primarily driven by the January California wildfires, leading to an underwriting loss of $305 million for the quarter. Of Travelers’ total catastrophe loss f...
Posted: Apr 16, 2025
Analysts at J.P. Morgan have suggested that the pricing outcome of the mid year renewals is still very much up in the air, noting that major U.S. losses and an active hurricane forecast are weighing on the market, while strong margins, manageable...
Posted: Apr 16, 2025
Markel, the insurance division of Markel Group Inc., has entered into an agreement to acquire The MECO Group Limited (MECO), a specialist marine managing general agent (MGA). Founded in 1974, MECO operates across London, Dubai, and Shanghai. It pr...
Posted: Apr 16, 2025
Our insurance-linked securities (ILS) focused sister publication, Artemis, has partnered with Computershare to host a live webinar during which speakers will discuss catastrophe bond and ILS market conditions at mid-year 2025. Registration is open...
Posted: Apr 16, 2025
Specialty MGA Africa & Middle East, a provider of tailored insurance and reinsurance solutions and part of MNK Group, has announced the appointment of two senior underwriters as it expands its team in Casablanca. Headquartered in London and le...
Posted: Apr 16, 2025
Four Regional Risk Pools have signed a joint grant agreement with the Global Shield Solutions Platform (GSSP) for €4.7 million to put shared commitments into action. Signed by the African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (the Catastroph...
Posted: Apr 16, 2025
Miller, a specialist re/insurance broker, has expanded its Delegated Authorities proposition with the creation of a dedicated European team. Leading the new team is Laurie Gaitskell, appointed as Head of European Delegated Authorities. He is joine...
Posted: Apr 16, 2025
Bermuda-domiciled global specialty reinsurer Compre Group Holdings Limited (Compre) has announced the completion of its acquisition of the CSE Group, a US subsidiary of Covéa. The CSE Group includes two California-domiciled personal lines insuranc...
Posted: Apr 16, 2025
The Federation of European Risk Management Associations (FERMA) has announced that its Chief Executive Officer (CEO) and Secretary General, Typhaine Beaupérin, will step down from the roles in June after serving over nine years at the firm. Beaupé...
Posted: Apr 16, 2025
Great Britain’s government-backed terrorism reinsurer Pool Re has appointed Richard Roberts to the newly created role of Chief Finance and Investment Officer, subject to regulatory approval. Roberts is a seasoned executive, having most recently he...
Posted: Apr 16, 2025
Gallagher Re, a reinsurance and risk management firm, has released its full-year 2024 Reinsurance Market Report, highlighting an improvement in investment yield for reinsurance companies. According to the report, the total investment yield rose to...
Posted: Apr 16, 2025
Euler ILS Partners, a Swiss-based alternative asset manager specialising in insurance-linked strategies (ILS), has appointed Alexander Loosley to its Executive Board as the new Head of Capital Formation, pending approval. Loosley brings over 30 ye...
Posted: Apr 16, 2025
Insurance companies face a growing challenge as they adapt to the rise of GLP-1 receptor agonists, such as Ozempic and Wegovy, which have proven effective in managing weight and improving obesity-related health conditions. Swiss Re, a provider of...
Posted: Apr 16, 2025
NSM Insurance Group, a global specialty insurance provider, has completed the previously announced sale of its US commercial insurance division to New Mountain Capital, a growth-oriented investment firm. The definitive agreement for the sale was f...
Posted: Apr 15, 2025
Lockton, a privately owned independent insurance brokerage, has announced the appointment of Devin Beresheim as US Risk Solutions Leader. In this newly created role, Beresheim will oversee both the Property & Casualty and Professional and Exec...
Posted: Apr 15, 2025