Reinsurance News
Bermuda-domiciled insurer and reinsurer SiriusPoint has strategically collaborated with New York-based human and social service managing general underwriter (MGU), Irwin Siegel Agency (ISA), part of the Ryan Specialty family, to launch a new casua...
Posted: Apr 15, 2025
Vantage Group Holdings Ltd., a provider of insurance and reinsurance solutions, has announced the appointment of Natalie Yuen as Vice President, West Region Distribution Leader. In her new role, Yuen will lead the implementation of Vantage’s U.S....
Posted: Apr 15, 2025
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of two US Executive & Professional (E&P) lines leaders. Based in Chicago, Shelley Norman has been appointed US E&P Lines Field Leader, and will be working with a...
Posted: Apr 15, 2025
Optalitix, a technology company specialising in data analytics and automation for the insurance industry, has announced a new partnership with SortSpoke, an AI-powered document processing platform. This collaboration enables underwriters to extrac...
Posted: Apr 15, 2025
Cyber risk company Resilience has announced the appointment of a new Chief Underwriting Officer, Maria Long, whose deep experience in cyber will help to accelerate the company’s growth. Long will report directly to George Kotsiopoulos, president o...
Posted: Apr 15, 2025
At 8.1%, revenue growth in the reinsurance market remained strong in 2024, a slight increase compared to the 7.6% seen in 2023, according to reinsurance broker Gallagher Re. According to the broker’s full-year 2024 reinsurance market report, which...
Posted: Apr 15, 2025
SCOR’s large corporate risk insurance arm, SCOR Business Solutions, is supporting a new maritime transport project by TransOceanic Wind Transport (TOWT) aimed at decarbonizing global shipping. Alongside AXA XL Insurance, SCOR Business Soluti...
Posted: Apr 15, 2025
Howden Re, the reinsurance division of Howden, continues to expand its Capital & Operational Solutions Practice with several strategic appointments over the past year, most recently naming Paul Ogni as Director – Operational Solutions. In this...
Posted: Apr 15, 2025
The African Reinsurance Corporation (Africa Re) reported an improved net combined ratio of 90.89% for the 2024 financial year, down from 93.51% in 2023, alongside a net underwriting profit of $87.34 million, up 59.37% from $54.81 million the year...
Posted: Apr 15, 2025
Acrisure Re, the re/insurance division of Acrisure, has announced the appointment of Roman Romeo as President, Head of Acrisure Re Bermuda, effective April 7. Based in Bermuda and reporting directly to Michael Cross, President, Acrisure Re North A...
Posted: Apr 15, 2025
Acrisure Re, the re/insurance division of Acrisure, has announced the appointment of Roman Romeo as President, Head of Acrisure Re Bermuda, effective April 7. Based in Bermuda and reporting directly to Michael Cross, President, Acrisure Re North A...
Posted: Apr 15, 2025
Despite a current 90-day reprieve, the recent stock and bond market volatility stemming from U.S. tariff changes could pressure insurers’ balance sheets going forward, causing unrealised losses in equity portfolios and diminished capital bases, ac...
Posted: Apr 15, 2025
Westfield Specialty International, a provider of specialty insurance and reinsurance solutions, has expanded its reinsurance division with the appointment of Chris Gray as Divisional Director. Based in London, Gray will report directly to Jeremy S...
Posted: Apr 15, 2025
AXIS Re, the reinsurance arm of Bermuda-based AXIS Capital Holdings, has announced the appointment of Paul Ng as Reinsurance Treaty Underwriter. Based in Canada, Ng’s new role will include providing AXIS Re’s reinsurance partners and cedents with...
Posted: Apr 15, 2025
Trium, a cyber and property catastrophe underwriter at Lloyd’s of London, has announced its 2024 financial results, reporting a combined ratio of 71.8%. Its “remarkable” performance makes Trium the fifth-best performing syndicate overall within th...
Posted: Apr 15, 2025
Independent specialist re/insurance broker Miller has appointed Judith Zeleny as Global Head of Origination, Strategic Advisory in its reinsurance practice. Zeleny holds over 35 years of industry experience, having previously served as an underwri...
Posted: Apr 15, 2025
Jamie Sahara, President of Applied Underwriters, has announced leadership appointments at United Risk, naming Alex Amezquita as Chief Financial Officer (CFO) and Jay Cahill as CEO of United Risk’s newly formed reinsurance division. These appointme...
Posted: Apr 15, 2025
Canadian property and casualty insurer Definity Financial Corporation has disclosed that catastrophe losses in the first quarter of 2025 would negatively impact operating income by approximately CAD 50 million, net of reinsurance recoveries. The i...
Posted: Apr 15, 2025
Specialist underwriting agency DUAL Europe has further extended its reach in the maritime insurance market by launching a new Marine hub in Hamburg, Germany. Part of the global DUAL Group, one of the world’s largest international underwriting agen...
Posted: Apr 15, 2025
French reinsurer Arundo Re has hired Kshitij Chirimar as Senior Underwriter for the Indian sub-continent, expanding the company’s presence across the region. Chirimar brings more than 10 years of reinsurance industry experience to the role,...
Posted: Apr 14, 2025
The Regional Emergency Preparedness and Inclusive Access to Recovery (REPAIR) programme, a collaborative initiative led by the World Bank, supported by the Global Shield Financing Facility (GSFF), and implemented by ARC Ltd., an affiliate of the A...
Posted: Apr 14, 2025
Intact Financial Corporation, a Canadian property and casualty insurer, has estimated total catastrophe losses for the first quarter of 2025 of approximately $244 million, pre-tax and net of reinsurance. Personal lines contributed $82 million, whi...
Posted: Apr 14, 2025
American Integrity Insurance Group, a provider of residential property insurance in Florida, has promoted Patrick Madigan to Senior Vice President (SVP) of Underwriting and Client Services. In the expanded role, Madigan will continue to shape the...
Posted: Apr 14, 2025
The catastrophe bond and related insurance-linked securities (ILS) market witnessed a huge $7.1 billion of issuance in the first quarter of 2025, a new record for the period, which helped take the outstanding market size to a new high of $52.2 bil...
Posted: Apr 14, 2025
Novatae Risk Group, a wholesale insurance brokerage, managing general agency, and program manager, has acquired the assets of Atalanta-domiciled Ajax Specialty Insurance. The terms of the transaction were not disclosed. Founded in 2012 by current...
Posted: Apr 14, 2025