Reinsurance News
Reinsurance broker Gallagher Re has pegged preliminary insured losses from the persistent flooding and severe weather across the central and southern US in early April at between $1 billion and $3 billion, but warns that this initial range is subj...
Posted: Apr 14, 2025
Brenden Beeg has joined Amwins, a distributor of specialty insurance products and services, as Vice President – Alternative Risk. In his new role, he will be working alongside Alex Kaplan, Amwins’s Executive Vice President for Alternative Ri...
Posted: Apr 14, 2025
Moody’s Ratings has changed the outlook of Peak Re to positive from stable, citing that the contagion risk from the reinsurer’s majority shareholder, Fosun International Limited, is declining. According to the rating agency, the contagion ri...
Posted: Apr 14, 2025
Canopius Group, a global specialty and P&C insurer and reinsurer, has appointed Andrew Ziolkowski as its new Head of Australia and New Zealand (ANZ), effective October 25th, 2025. He succeeds Craig Elliot, who has served as interim head of the...
Posted: Apr 14, 2025
Aon’s Climate Risk Advisory and environmental risk solutions teams have developed a new specialty insurance product to cover liabilities and mitigate the risk associated with the plugging of abandoned oil and gas wells in the US. The new Plug and...
Posted: Apr 14, 2025
The United Kingdom’s non-life insurance sector is expected to remain on stable footing in the near term, according to credit rating agency AM Best, which recently reaffirmed its outlook for the market. One of the more significant development...
Posted: Apr 14, 2025
Reinsurance broker Gallagher Re has announced the appointment of Tom Dixon as Head of Legacy UK. Dixon brings 20 years of experience in insurance and transactions, beginning in insurance audit and transaction services before transitioning into non...
Posted: Apr 14, 2025
Munich Re Specialty, part of the Munich Re Group insurance operations, has completed the sale of boat insurance specialist GJW Direct to Ripe. The deal, first announced in October 2024, marks the transfer of GJW Direct after more than 20 years as...
Posted: Apr 14, 2025
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has appointed Trevor Oates as Head of Reinsurance. Oates joins ASR from Canopius, where he spent 25 years in a range of underwriting roles, most recently as a treaty underw...
Posted: Apr 14, 2025
Sompo Asia Pacific has announced the appointment of Pui Ying Fun as Vice President, Regional Treasurer, Asia Pacific (APAC). In her new role, Fun will be responsible for managing Sompo’s financial resources, ensuring liquidity, helping optimise ca...
Posted: Apr 14, 2025
Ageas has agreed with Bain Capital to acquire esure, a digital UK personal lines insurer, for a cash consideration of £1.295 billion. Ageas suggested that the acquisition will strengthen its presence in European markets by adding a controlled enti...
Posted: Apr 14, 2025
CLARA Analytics, a provider of artificial intelligence (AI) solutions for claims optimisation, has announced that its integration with Guidewire ClaimCenter has delivered measurable success, significantly enhancing claims workflows and financial o...
Posted: Apr 14, 2025
DLA Piper, a global law firm, has appointed Charles Rix to its International Insurance team, based in London. Rix’s appointment aligns with DLA Piper’s growth strategy and strengthens its insurance sector bench. In the role, he will us...
Posted: Apr 14, 2025
Aon plc, a provider of professional services, has introduced the Profitable Growth Tool, a new benchmarking and advisory service aimed at assisting insurers in identifying and cultivating key traits that enhance their value to customers and shareh...
Posted: Apr 11, 2025
Florida insurers regulators have approved Apex Star Reciprocal Exchange as the 12th insurer to enter the state since legislative reforms were passed in the last two years to stabilise the market. Apex Star Reciprocal Exchange is a property and cas...
Posted: Apr 11, 2025
Swiss Re’s shareholders approved all motions put forward by the Board of Directors at its Annual General Meeting (AGM) 2025, including the election of Morten Hübbe and George Quinn as new Board members and the distribution of an ordinary div...
Posted: Apr 11, 2025
Catastrophic flooding in early 2025 has highlighted the growing flood risk across Kentucky, Tennessee, and West Virginia, however, flood insurance participation is rapidly declining from an already low base, leaving the region financially exposed,...
Posted: Apr 11, 2025
Bermuda-domiciled independent, multi-line managing general agent, Helix Underwriting Partners Ltd., has expanded its specialist offering by launching a new Professional Lines unit, led by Matt Irvine as Chief Underwriting Officer (CUO). Backed by...
Posted: Apr 11, 2025
North American insurers’ robust capital and liquidity buffers will allow them to withstand the current market volatility, including tariff-related downturns, without an immediate impact to ratings or outlooks, S&P Global Ratings highlighted in...
Posted: Apr 11, 2025
Berkshire Hathaway Specialty Insurance Company (BHSI), a division of Warren Buffett’s Berkshire Hathaway, has announced a number of leadership moves in its North America casualty business. Based in Chicago, Matt Hale will be overseeing BHSI’...
Posted: Apr 11, 2025
Given the recent strong results that are driving capital flows, along with Florida reforms that have proven highly effective, analysts from Citizens JMP Securities expect pricing at the June 1 renewals to decrease modestly. Readers will know that...
Posted: Apr 11, 2025
Italian insurance giant Generali’s Global Corporate & Commercial (GC&C) business unit has promoted Michele Pignoli as Head of Alternative Risk Transfer (ART) and Parametrics. Pignoli has over 13 years of insurance industry experience, havi...
Posted: Apr 11, 2025
Persistent flooding and severe weather across parts of the Mississippi River Valley from April 2 to 7 are expected to result in insured losses reaching into the hundreds of millions of USD, according to Aon’s weekly catastrophe report. Continuous...
Posted: Apr 11, 2025
Global insurance brokerage Arthur J. Gallagher & Co. has announced that it has completed its acquisition of San Francisco, California-based Woodruff Sawyer. Woodruff Sawyer is a brokerage and consulting firm offering a full suite of commercial...
Posted: Apr 11, 2025
Markel, the insurance operations within Markel Group Inc., has announced the promotion of Matthew Brooke to Senior Underwriter, War and Terrorism, effective immediately. In his new role, Brooke will be responsible for driving the profitable expans...
Posted: Apr 11, 2025