Reinsurance News
Massachusetts-based insurer The Hanover Insurance Group, Inc. has appointed Richard W. Lavey to the newly created role of Chief Operating Officer (COO). In the newly expanded role, Lavey will further develop the inusrer’s business strategy t...
Posted: Apr 04, 2025
French insurer Groupama has posted its annual results for 2024, which include a net income of €961 million and an economic operating income of €954 million, up €52 million despite moderate weather loss experience. Growth in economic operating inco...
Posted: Apr 04, 2025
Global insurance and reinsurance broker Aon has appointed Natalie Lim as Agriculture Retrocession Leader in Singapore. In her new role, Lim will focus on agriculture retrocession business and the development of new agriculture insurance solutions...
Posted: Apr 04, 2025
A growing cyber protection gap is affecting small businesses, requiring a concerted effort from key industry stakeholders, including cyber brokers, underwriters, and reinsurers to help close it, according to a recent report by CyberCube. The repor...
Posted: Apr 04, 2025
Anne Hoffmans has been promoted to Executive Vice President of Program Underwriting at AM Specialty Insurance Company. Hoffmans has been part of ASIC since 2023, when she joined the company as SVP, Program Underwriting. “From developing robust eco...
Posted: Apr 04, 2025
Elizabeth Wooliston, Underwriting Director at the Lloyd’s Market Association, has noted that the tariffs recently imposed by U.S. President Donald Trump could have significant implications for insurers, including potential supply chain adjustments...
Posted: Apr 04, 2025
WTW’s Willis business has expanded its CyXS facility, offering USD/GBP/EUR 115m of capacity through Lloyd’s syndicates and up to USD/GBP/EUR 40m from outside of the Lloyd’s marketplace. The Willis CyXS facility now includes the n...
Posted: Apr 04, 2025
Ageas Re, the reinsurance division of international insurance group Ageas, has appointed Shahrokh Shahpoori Monfared as Lead Underwriter Engineering, effective May 1st, 2025. Monfared brings extensive experience in underwriting a full spectrum of...
Posted: Apr 04, 2025
According to a report from Moody’s, a global credit ratings, research, and risk analysis firm, Europe’s four largest primary insurers—Allianz, AXA, Generali, and Zurich Insurance —have reported record earnings for FY 2024, collectively...
Posted: Apr 04, 2025
Canada Life, an insurance and financial services company, has announced the appointment of Shreyas Sridhar as Managing Director of Bulk Purchase Annuities (BPA), effective from 7 April 2025 and subject to regulatory approval. Additionally, Sridhar...
Posted: Apr 04, 2025
Legacy acquirer DARAG Group has announced that its German insurance carrier, DARAG Deutschland AG, has entered into a portfolio transfer agreement (PTA) with Protector Forsikring ASA for its entire Danish workers’ compensation portfolio, enabling...
Posted: Apr 04, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has appointed Lindsay Hermann as the Head of Property for its Central Zone, based in Chicago. In the new role, Hermann reports to Michele Sansone, AXA X...
Posted: Apr 04, 2025
Global insurance and reinsurance broker Aon has launched its Severe Convective Storm (SCS) Five-Step Framework, a structured approach designed to help insurers mitigate weather volatility across their portfolios. Since 2015, annual US SCS insured...
Posted: Apr 04, 2025
AmRisc, a subsidiary of CRC Group, has successfully renewed Trouvaille Re Ltd., its insurance sidecar, to provide continued collateralized reinsurance capacity for its coastal commercial E&S property insurance portfolio for another underwritin...
Posted: Apr 04, 2025
French reinsurance company SCOR has been placed under examination for facts alleged against Denis Kessler, its former Chairman and CEO, related to alleged attempts by an association to obstruct the takeover of Bermuda-based reinsurer PartnerRe by...
Posted: Apr 04, 2025
Qatar Insurance Group’s UK and Bermuda-domiciled insurance subsidiary, Antares Group, recorded 54% year-on-year growth in gross written premiums (GWP) for 2024 in its core ongoing business to $1.1 billion, boosted by the addition of a sizeable rei...
Posted: Apr 04, 2025
Insurance and reinsurance broker BMS Group has announced the appointment of Manoela Barbi Kukli as the new Head of Facultative Reinsurance for its Brazilian office, effective April 1st, reporting directly to Jose Leão, CEO of BMS Brazil. Kukli, wh...
Posted: Apr 04, 2025
Reinsurance supply and demand in Greater China are well-balanced at the start of 2025, with reinsurance conditions at the April 1 renewals building on the favourable trends seen at 1.1, according to global insurance and reinsurance broker Aon. In...
Posted: Apr 04, 2025
SecurityScorecard has entered a strategic partnership with Willis, a WTW business, to enhance cyber risk quantification, improve insurance modelling, and strengthen security strategies for organisations globally. As part of the partnership, Securi...
Posted: Apr 04, 2025
Sherlyn Kok has joined Sompo Asia Pacific (APAC) as Vice President, Head of Compliance, a role based in Singapore. Reporting to Todd Corey, Executive Vice President, General Counsel, Asia Pacific, Kok will lead the regional and local-market compli...
Posted: Apr 04, 2025
Arundo Re, the French reinsurance company majority-owned by SMABTP, MACSF, and CCR, generated turnover of €1.361 billion in 2024, an increase of 15% year-on-year, as the company’s undiscounted combined ratio strengthened by 1.9 percentage po...
Posted: Apr 03, 2025
Despite cyber premium growth slowing in the past two years, Munich Re has suggested that global premium volume will more than double by 2030, growing at an average annual growth rate of more than 10%. According to estimates by the reinsurer, the g...
Posted: Apr 03, 2025
Global reinsurer Munich Re has announced the appointment of Florian Happ as the new Cyber Team Lead for Munich Re US. Happ has been with Munich Re for 16 years, having joined in 2009. During his tenure, he has held various underwriting roles, incl...
Posted: Apr 03, 2025
The Japanese cyber insurance market continues to grow, albeit at a slower pace compared to previous years, driven by the increasing number of policyholders, according to reinsurance broker Gallagher Re’s recent market analysis. Gallagher Re’...
Posted: Apr 03, 2025
Global advisory, broking, and solutions firm WTW has announced the appointment of Jody Yee as Head of Alternative Risk Transfer Solutions in the Americas. Yee will leverage his significant industry experience and a focus on developing innovative a...
Posted: Apr 03, 2025