Reinsurance News
Zurich-based catastrophe insurance data provider PERILS AG has issued its initial industry loss estimate for Cyclone Alfred, placing the total insurance market loss at AUD 2.568 billion. For those unaware, Cyclone Alfred impacted the Australian st...
Posted: Apr 23, 2025
Guidewire, a provider of cloud-based platform solutions for property and casualty (P&C) insurers, has announced a $60 million investment over the next five years to expand its footprint in Japan and accelerate the development of capabilities t...
Posted: Apr 23, 2025
French reinsurer SCOR has appointed Philipp Rüede as the Chief Executive Officer (CEO) of its Life & Health (L&H) division and a member of the Executive Committee, effective June 1st, 2025. He succeeds Frieder Knüpling, who stepped down in...
Posted: Apr 23, 2025
Insurance companies in India continue to grow and as the primary market expands, insured sizes are on the rise, driving more and more mega and ultra mega insurance policies in the country, all of which suggests growth for India’s reinsurance...
Posted: Apr 23, 2025
Gordon Reid is joining Polo Managing Agency as Operational & New Business Manager to reinforce the company’s continued growth and deepening of its Lloyd’s market expertise. In his new role, Reid will have operational and new business res...
Posted: Apr 23, 2025
Société Centrale de Réassurance (SCR) has officially rebranded as Atlantic Re as part of its dynamic strategic transformation aimed at strengthening its position in Morocco and accelerating its influence across the African continent. Since its est...
Posted: Apr 23, 2025
Willis, part of global insurance broker WTW, has appointed Anant Pawar as the Aviation & Space Leader for India, effective immediately. In this new role, Pawar will be responsible for providing strategic insurance broking solutions and special...
Posted: Apr 23, 2025
Global insurer Chubb has appointed Janene Blizzard as the Head of Accident & Health (A&H) for Asia Pacific (APAC), effective June 1st, 2025, based in Singapore. Blizzard will report to Marcos Gunn, Regional President, Asia Pacific, with a...
Posted: Apr 22, 2025
The aging of the world population is set to dramatically increase the global dependency ratio, and as consumer behaviour shifts alongside trends towards greater urbanisation and automation of technology, the global property & casualty (P&C...
Posted: Apr 22, 2025
Ivans, a division of Applied Systems, has released its Q1 2025 results for the Ivans Index, showing that the average premium renewal rate change across nearly all major commercial lines, except Umbrella, decreased compared to Q4 2024. However, yea...
Posted: Apr 22, 2025
Zhibao Technology Inc., a China-based insurtech company specialising in digital insurance brokerage, has announced the establishment of Zhibao Labuan Reinsurance Company Limited. Labuan Financial Services Authority (LFSA) has granted Zhibao Labuan...
Posted: Apr 22, 2025
Markel Insurance, the insurance arm of Markel Group Inc., has bifurcated the operations of its US and Bermuda operations, previously known as Markel Specialty, into US Wholesale and Specialty, and Programs and Solutions. Simultaneously, the insure...
Posted: Apr 22, 2025
Helix Underwriting Partners Ltd, the Bermuda-based multi-line managing general agent (MGA), has announced the appointment of Kevin Copeland to the newly-created role of Chief Financial Officer (CFO). Copeland brings over 25 years of experience in...
Posted: Apr 22, 2025
Fitch Ratings, a provider of credit ratings, commentary and research, has said that the growing reinsurance activities of several German and French insurers are contributing to stronger credit profiles, provided the associated execution risks are...
Posted: Apr 22, 2025
Global insurer American International Group (AIG), Inc. has appointed Ray Hall as Head of Western World, effective immediately, based in Scottsdale, Arizona. In the role, Hall will report to Lou Levinson, President and Chief Executive Officer, Lex...
Posted: Apr 22, 2025
UK domiciled insurer Admiral Group plc has agreed to sell its US motor insurance business, including Elephant Insurance Company and Elephant Insurance Services, to J.C. Flowers & Co., a global private investment firm in the financial services...
Posted: Apr 22, 2025
Ethiopian Reinsurance (Ethio Re) has announced the appointment of Netsanet Lemesa as Chief Executive Officer (CEO), succeeding Fikru Tsegaye Wordofa, Executive Officer, Strategy and Development, who had been serving as Acting CEO. Lemesa brings a...
Posted: Apr 22, 2025
Insurance holding company W. R. Berkley Corporation has posted record high net premiums written for the first quarter of 2025 at $3.1 billion, compared to $2.8 billion in Q1’24. This was supported by the growth in gross written premiums (GWP) for...
Posted: Apr 22, 2025
Reinsurance broker Gallagher Re has estimated that preliminary total insured losses for Q1’25 totalled at least $56 billion, marking the costliest first quarter for the private insurance market and government-sponsored insurance entities since 201...
Posted: Apr 22, 2025
Navigate Re, a Guernsey Category 6 Special Purpose Entity, has launched during the first quarter of 2025 after securing regulatory approval from the Guernsey Financial Services Commission (GFSC). The company, which is also a Polo Insurance Manager...
Posted: Apr 22, 2025
Swiss Re’s P&C Reinsurance business unit has announced the creation of a new Global Facultative (Fac) market unit, which will be led by Sanaa Souidi. The unit aims to enhance the client experience through faster, more agile decision-making and...
Posted: Apr 22, 2025
Global specialty insurance firm Ryan Specialty has signed a definitive agreement to acquire certain assets of international managing general agent (MGA), USQRisk Holdings, LLC. The terms of the acquisition were not disclosed. The deal is expected...
Posted: Apr 22, 2025
Nick Pritchard has been appointed as interim Chief Underwriting Officer (CUO) of Conduit Holdings Limited (CHL), the ultimate parent company of Conduit Re, a multi-line Bermuda-based reinsurer. Pritchard takes on his new position with immediate ef...
Posted: Apr 22, 2025
US primary insurer The Allstate Corporation expects aggregate reinsurance recoveries of approximately $123 million, as catastrophe losses in March saw the firm surpasses the retention level of its annual aggregate reinsurance cover for the annual...
Posted: Apr 22, 2025
Sustaining demand in the cyber insurance market is vital for long-term growth, requiring increased investment and innovation in product design to deliver more comprehensive, tailored solutions that position cyber coverage as an essential, value-dr...
Posted: Apr 22, 2025