Reinsurance News
SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed markets, and Auros Reciprocal Insurance Exchange, a policyholder-owned insurer, have closed their Gateway Re Series 2025-2 catastrophe bond, securing $150 million in cov...
Posted: Apr 08, 2025
S&P Global Ratings has raised the financial strength and issuer credit ratings of Global Atlantic Financial Group’s (GAFG) operating insurance entities to ‘A’ from ‘A-‘, assigning a stable outlook. Concurrently, t...
Posted: Apr 08, 2025
Willis, a WTW business, has launched ProXS, a new Professional Indemnity solution with a CCY40m capacity, designed to provide enhanced and cost-effective coverage for professional companies. The ProXS solution includes competing panels from Lloyds...
Posted: Apr 08, 2025
Westfield Specialty International, a provider of specialised insurance solutions, has expanded its reinsurance team with the appointment of Nate Field as Class Underwriter in casualty treaty reinsurance. Field will be based in London, and brings a...
Posted: Apr 08, 2025
Gallagher Re’s full year 2024 reinsurance market report, which analyses capital and profitability trends in the global reinsurance sector, highlights a 17% return on equity (ROE) for 2024, down from 19.5% in the previous year. Despite this d...
Posted: Apr 08, 2025
Quick Ralf & Grant (QRG), a specialist insurance group and Lloyd’s broker, has announced the appointment of Dennis Gattinger as Head of Europe. In his new role, Gattinger will report to Robert Ralf, CEO of QRG, and will be based in Barcelona....
Posted: Apr 08, 2025
Independent insurance broker Lockton has announced a strategic partnership with Axio, a provider of cyber risk quantification solutions, to enhance cyber risk analytics. This collaboration provides organisations with the tools they need to better...
Posted: Apr 08, 2025
SM Reinsurance Company (SM RE), a Dubai-based specialist reinsurer, has announced plans to expand its operations and target markets beyond Africa and Asia to support continued growth. Since its inception on June 1, 2023, SM RE has experienced rapi...
Posted: Apr 08, 2025
The Prudential Regulatory Authority (PRA) has launched a consultation to help insurers accelerate investment in the United Kingdom. In its consultation paper the PRA proposes rules to reform the Matching Adjustment (MA) application process by intr...
Posted: Apr 08, 2025
S&P Global Ratings has revised its outlook on Fidelis to stable from positive, citing significant Q4 2024 aviation-related losses from the Russia-Ukraine conflict and $160-$190 million in losses from the January 2025 California wildfires. As a...
Posted: Apr 08, 2025
Cyber risk solutions firm Resilience has expanded its capacity to provide cyber risk solutions to large enterprise accounts with revenue of more than $10 billion through a partnership with Accredited Insurance Holdings, a global programme manager....
Posted: Apr 08, 2025
AM Best has revised its outlook for the London Market insurance segment from positive to stable, citing emerging signs of a softening pricing environment. “Although the pricing environment for most business lines remains adequate and support...
Posted: Apr 08, 2025
Japanese insurance group MS&AD Insurance Holdings, the parent of the Mitsui Sumitomo insurance entities, has agreed to sell all of its shares in Australian financial services company with annuities and fund management businesses, Challenger Li...
Posted: Apr 08, 2025
Pool Re, a UK-based provider of terrorism reinsurance, has successfully completed the placement of its third catastrophe bond, Baltic PCC Limited (Series 2025-1), which provides the reinsurer with £100 million of collateralised retrocession protec...
Posted: Apr 08, 2025
BMS Group, an independent specialist insurance and reinsurance broker, has appointed Jean-Jacques Henchoz, who recently left his role as Chief Executive Officer (CEO) of large European reinsurer Hannover Re, as Chairman of the Board, effective May...
Posted: Apr 08, 2025
Despite major claims activity in 2024, including two US hurricanes, Lloyd’s continued to deliver highly favourable returns to investors, with profits just shy of the previous year’s record, driven by favourable trading conditions and a retur...
Posted: Apr 08, 2025
Pro Global, an advisor in the specialist insurance sector, has announced the appointments of Roman Hannig as Head of Client Engagement, Germany, and Oliver Schippa as Head of Product, Germany. These key hires reflect Pro Global’s continued commitm...
Posted: Apr 08, 2025
Total dedicated reinsurance capital increased by 5.4% during 2024 to a new high of $769 billion, driven by growth in both traditional and alternative capital, according to reinsurance broker Gallagher Re. The broker’s full-year 2024 reinsura...
Posted: Apr 08, 2025
Strategic Risk Solutions (SRS), an independent insurance company manager, has announced the appointment of Ralph Goldener as a Managing Director in its Switzerland office. “SRS Switzerland is a team of people that provide only top-tier management...
Posted: Apr 08, 2025
Global insurance broker H.W. International B.V. (HWI BV) has undergone a management buyout (MBO), securing backing from OBL Investments BV. The deal involves the acquisition of the group’s Dutch holding company following the sale of its Nort...
Posted: Apr 08, 2025
Regional insurer Salama Islamic Arab Insurance Company (Salama) has appointed Mohamed Ali Bouabane as its new Group Chief Executive Officer (CEO), effective immediately. Salama is one of the longest-established Sharia-compliant Takaful solutions p...
Posted: Apr 08, 2025
California’s strict regulatory environment, coupled with high reinsurance costs, has intensified challenges for insurers in the aftermath of the January 2025 wildfires, according to Morningstar DBRS. The wildfires, which burned over 16,000 s...
Posted: Apr 07, 2025
Retail insurance brokerage Maury Donnelly & Parr has partnered with CyberCube, a provider of cyber risk analytics, to enhance its sales enablement process. As part of the agreement, Maury Donnelly & Parr will license CyberCube’s Broking Ma...
Posted: Apr 07, 2025
Brit Re, the Bermuda-based reinsurance platform of Brit, has joined the Association of Bermuda Insurers and Reinsurers (ABIR), as the organisation’s membership reaches record high. ABIR represents the public policy interests of Bermuda’s int...
Posted: Apr 07, 2025
Ambac Financial Group, Inc., an insurance holding company, has announced that it has met all necessary pre-closing conditions under the purchase agreement for the sale of Ambac Assurance Corporation (AAC) and Ambac UK (AUK) to funds managed by Oak...
Posted: Apr 07, 2025