Reinsurance News
Global specialty insurer Mosaic Insurance has appointed Thomas Duggan as the Head of Claims for North America, based in New York. He was one of the 14 environmental specialists Mosaic hired across the US last year to build out the unit. In the exp...
Posted: Apr 30, 2025
Kinsale Capital Group, Inc. has announced its financial results for the first quarter of 2025, reporting a net income of $89.2 million, which includes after-tax catastrophe losses of $17.8 million. This year’s Q1 net income compared to the $98.9 m...
Posted: Apr 30, 2025
Global insurance and reinsurance broker Aon has acquired the operations of Atlas Insurances Agency, one of Israel’s most established insurance firms specialising in marine insurance. Atlas, a Lloyd’s coverholder, offers a range of marine insurance...
Posted: Apr 30, 2025
Hong Kong-based global reinsurer Peak Re has announced its 2024 full-year financial results, reporting a net profit after tax of $187 million, which marks the company’s second-best results in its 12-year history. The company attributed this succes...
Posted: Apr 30, 2025
Maiden Holdings’ shareholders have approved all proposals related to the company’s proposed business combination with Kestrel Group LLC. Previously announced in December 2024, Maiden entered into a Combination Agreement with Kestrel to form a new,...
Posted: Apr 30, 2025
At SCOR SE’s recent Combined Shareholders’ Meeting, the appointments of Diane Côté and Doina Palici-Chehab as directors were announced, along with Jacques Aigrain as an observer. The Ordinary and Extraordinary Shareholders’ Meeting was held on 29t...
Posted: Apr 30, 2025
New research conducted by hyperexponential (hx), a provider of pricing decision intelligence software for the insurance industry, suggests a growing transatlantic divide in the adoption of artificial intelligence (AI). While both UK and US insurer...
Posted: Apr 30, 2025
Howden India has appointed Mandira Gupta as Managing Director and Head of M&A for India, the Middle East, and Africa (IMEA). Gupta holds over two decades of M&A leadership experience in insurance broking and investment banking, having repo...
Posted: Apr 30, 2025
Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has reported an 8.9% increase in group-wide gross premiums written (GPW) to $6.5 billion for the first quarter of 2025, compared to $5.9 billion last year, as the firm’s com...
Posted: Apr 30, 2025
EPIC Insurance Brokers and Consultants, a US-based retail property and casualty insurance brokerage and employee benefits consulting firm, has announced the appointment of Sean Jackson as Managing Principal and Global Leader. In this newly elevate...
Posted: Apr 30, 2025
Morningstar DBRS has indicated that the financial losses related to insurance claims from the severe power outage in the Iberian Peninsula will be manageable, with insured losses estimated between €100 million and €300 million in Spain, and signif...
Posted: Apr 30, 2025
The Dubai International Financial Centre’s (DIFC) re/insurance business increased by 35% as gross written premiums (GWP) hit $3.5 billion, generated by 125 insurance-related entities in 2024, compared to $2.6 billion in 2023. The Middle East...
Posted: Apr 30, 2025
Vantage Group Holdings, a specialty insurer and reinsurer, has announced the appointment of Paul Livingstone as Senior Vice President for Credit, Mortgage, and Structured Re/Insurance. In his new role, Livingstone will lead the expansion of Vantag...
Posted: Apr 30, 2025
Insurance brokerage Brown & Brown, in its unaudited 2025 first quarter results, reported revenue growth of $146 million, or 11.6% to $1.4 billion, under US GAAP, compared to total revenues of $1.2 billion in Q1’24. For Q1’25, the firm’s...
Posted: Apr 30, 2025
AXA XL, a re/insurance provider, is broadening its cyber insurance offerings for small and midsize enterprises (SMEs) by appointing Michelle Aliperti as Head of SME for the Americas. Based in New York, Aliperti will report to Michelle Chia, the Ch...
Posted: Apr 30, 2025
HDI Global SE, the Corporate & Specialty Division of the Talanx Group, has announced the appointment of Andrew Weare as new Lead Underwriter Mining, succeeding Matthew Johnson who is retiring. In his new role, Weare, who has been with HDI Glob...
Posted: Apr 30, 2025
The Board of Directors of Italian insurance giant Generali has elected Philippe Donnet as Managing Director (MD) and Group Chief Executive Officer (CEO) for another three-year term. At a meeting held yesterday, the Board elected, for the three-yea...
Posted: Apr 29, 2025
Earnix, the artificial intelligence (AI) platform for insurance, has signed a definitive agreement to acquire Zelros, a generative AI player for insurers and banks. Through combining Earnix’s advanced predictive AI platform with Zelros’s GenAI rec...
Posted: Apr 29, 2025
With the costs from extreme weather and natural catastrophes rising, Zurich Insurance has released a report highlighting the urgent need for action from governments, insurers, and communities to collaboratively build climate resilience. According...
Posted: Apr 29, 2025
Aspen Insurance Holdings Limited has released its unaudited results for the first quarter of 2025, reporting an increase in gross written premiums (GWP) alongside a notable decrease in profitability. The Bermuda-based re/insurer reported GWP of $1...
Posted: Apr 29, 2025
American Integrity Insurance Group has launched the roadshow for its proposed initial public offering (IPO) of 6,875,000 shares of common stock, with the company intending to use the net proceeds for general corporate purposes, which may include c...
Posted: Apr 29, 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Bob Zimardo as Senior Vice President (SVP), Investments and Investor Relations. In the new role, he will report directly to Sarah Doran, Chief Financial Offic...
Posted: Apr 29, 2025
Cincinnati Financial Corporation has reported a net loss of $90 million for the first quarter of 2025, compared with net income of $755 million for the same period a year earlier. The loss was driven in part by a $56 million after-tax reduction in...
Posted: Apr 29, 2025
Brace UK & Europe, a specialist underwriter focused on multi-line and alternative risk solutions and backed by Beat Capital Partners, a subsidiary of Ambac Financial Group, Inc. has appointed Amie Townsend as Senior Underwriter. The appointmen...
Posted: Apr 29, 2025
Aspen Insurance has launched an initial public offering of 11 million Class A ordinary shares ($0.001 par value), all being sold by entities affiliated with Apollo Global Management, its parent company. Aspen has revealed that the selling sharehol...
Posted: Apr 29, 2025