Reinsurance News

Argenta becomes first Lloyd’s managing agent to adopt Send platform across all business lines

Argenta Syndicate Management Ltd, a Lloyd’s managing agency, has successfully rolled out Send’s Underwriting Workbench across every class of business. This makes Argenta the first Lloyd’s managing agent to adopt the Send platform across all...

Posted: Jul 16, 2025

UK P&I Club promotes two senior leaders to strengthen Safety & Risk Management division

The UK P&I Club, a provider of protection and indemnity (P&I) insurance and other services for the international shipping community, has promoted Ansuman Ghosh to the newly created role of Director of Engineering, and Akshat Arora as Regio...

Posted: Jul 16, 2025

Allianz Commercial restructures its Benelux and Nordics units with four senior hires

Allianz Commercial, part of global insurer Allianz, has made four new senior appointments to establish a new structure to drive growth in the Benelux and Nordics regions. The firm is establishing its Nordics region effective August 1st, 2025, led...

Posted: Jul 16, 2025

Zurich Canada unveils organisational enhancements to support customers and brokers

Zurich Insurance Company Ltd (Canadian Branch) has announced a series of organisational enhancements with new units and leadership appointments to further support customers and broker partners. As the company enters its next phase of growth, these...

Posted: Jul 16, 2025

Wilkinson promoted to AXA XL’s Head of International Casualty, Retail, UK & Lloyd’s

AXA XL, the property and casualty and specialty risk unit of global insurer AXA, has announced the promotion of Shaun Wilkinson to Head of International Casualty, Retail, UK & Lloyd’s. In his new role, Wilkinson will lead AXA XL’s UK & Llo...

Posted: Jul 16, 2025

Marsh welcomes UK government’s captive insurance regime

Marsh, an insurance broker and risk advisor within Marsh McLennan, welcomes the UK government’s announcement to facilitate the creation of a UK regime for captive insurance companies, a move aimed at strengthening the UK’s competitiveness in the g...

Posted: Jul 16, 2025

US nat cat activity drives $84bn global insured losses in H1’25: Gallagher Re

Global insured losses reached $84 billion in the first half of 2025 — 55% higher than the decadal average and the highest H1 total since 2011 ($136 billion) — driven largely by US activity, according to a recent report by reinsurance broker Gallag...

Posted: Jul 16, 2025

Markel Insurance appoints Christian Stobbs Chief Strategy and Corporate Development Officer

Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Christian Stobbs as Chief Strategy and Corporate Development Officer. In this newly created position, Stobbs will lead efforts to identify and pursue s...

Posted: Jul 16, 2025

Resilience, CrowdStrike & AWS partnership aims to reduce enterprise cyber risk

Cyber risk solutions company Resilience has partnered with CrowdStrike and expanded its collaboration with Amazon Web Services (AWS) to help enterprises to proactively mitigate cyber risk and minimise material losses from cyber incidents. Customer...

Posted: Jul 16, 2025

ABIR announces Gallagher Re as its newest member

The Association of Bermuda Insurers and Reinsurers (ABIR) has added Gallagher Re, a global reinsurance broker, to its list of member companies. Gallagher Re is part of Gallagher, an insurance brokerage, risk management, and consulting group. The r...

Posted: Jul 16, 2025

US wildfires & SCS push global insured losses to at least $100bn in H1’25: Aon

Global insured losses from catastrophe events in the first half of 2025 increased to at least $100 billion, the second highest on record after 2011’s $140 billion, driven by the Los Angeles wildfires and severe convective storm (SCS) activit...

Posted: Jul 15, 2025

Moody’s Ratings assigns Marco Re with A3 IFSR and stable outlook

Credit ratings agency Moody’s Ratings has assigned an A3 insurance financial strength rating (IFSR) to Marco Re Limited, a Guernsey domiciled reinsurer focused on non-life run-off insurance portfolios, with a stable outlook. Moody’s explained that...

Posted: Jul 15, 2025

Mitigation measures can reduce malware risk by 50%–80%: CyberCube & Munich Re

Patch management, network segmentation, and data backups can reduce the likelihood and financial impact of widespread malware attacks by 50% to 80% when effectively implemented, according to a joint study by CyberCube and Munich Re. The two firms...

Posted: Jul 15, 2025

Fidelis GPW grows to $4.6bn as insurer celebrates 10-year anniversary

The Fidelis Partnership and Fidelis Insurance Group celebrate the 10-year anniversary of Fidelis’ launch, highlighting its growth and key achievements over the past decade, including Fidelis Insurance Group’s increase in Gross Premiums Written fro...

Posted: Jul 15, 2025

Accelerant could raise up to $406m from IPO

Accelerant Holdings has launched its initial public offering (IPO) of 28,947,368 Class A common shares, consisting of 20,276,280 common shares offered by Accelerant and 8,671,088 shares to be sold by certain existing shareholders. On July 1st, 202...

Posted: Jul 15, 2025

Moody’s names Aquino as Global Co-Head of Insurance, Global Funds & Asset Mgmt.

Credit ratings agency, Moody’s Ratings, has appointed Antonello Aquino as Global Co-Head of Insurance, his role includes oversight of the Global Funds and Asset Management team. He will be based in London. Aquino will lead the insurance busi...

Posted: Jul 15, 2025

Aon to launch UK-based Captive Management Company as demand anticipated following Chancellor’s speec...

Global insurance and reinsurance broker Aon has announced its plans to launch a UK-based Captive Management Company, a move that comes in anticipation of the new regulations that will allow captives to be domiciled in the UK. This news follows the...

Posted: Jul 15, 2025

TWIA could scale back reinsurance following loss funding mandate decrease

A new law in Texas has significantly lowered the loss funding requirements for the Texas Windstorm Insurance Association (TWIA), shifting the standard from coverage for a 1-in-100-year storm event to just a 1-in-50-year event, meaning it may scale...

Posted: Jul 15, 2025

hx unveils suite of new capabilities, equipping reinsurers with complex data sets: Tom Clark, Field...

During the hx Live 2025 event, Reinsurance News spoke with Tom Clark, Field CTO at hyperexponential (hx), who highlighted upcoming products and advancements, including Kernel—a major upgrade to hx Renew that equips reinsurers with more data, enabl...

Posted: Jul 15, 2025

Industry welcomes UK captive insurance regime green light

Several firms, including the London Market Group (LMG), the International Underwriting Association (IUA), and LIIBA, have welcomed the Chancellor of the Exchequer’s announcement that HM Treasury will proceed with introducing a UK regime for captiv...

Posted: Jul 15, 2025

Aviva and hx expand partnership to advance AI in London Market pricing

Building on their existing partnership, Aviva is set to lead hyperexponential’s (hx) AI beta programme, spearheading the exploration of the newly launched Actuarial Agent within hx Renew. The Actuarial Agent will reportedly support a range of targ...

Posted: Jul 15, 2025

Conduit Re appoints William Randolph as Chief Risk Officer

Conduit Holdings Limited, the ultimate parent company of Bermuda-based reinsurer Conduit Re, has announced the appointment of William Randolph as Chief Risk Officer. Based in Bermuda, Randolph will lead Conduit Re’s enterprise risk management func...

Posted: Jul 15, 2025

Aspida Re completes second reinsurance transaction in Japan

Bermuda-based life and annuity reinsurer Aspida Life Re has completed its second reinsurance transaction in Japan, effective June 1, 2025, marking a key milestone in its global expansion strategy. The deal was executed with a highly rated Japanese...

Posted: Jul 15, 2025

Starr appoints PeiQi Lee as Head of Casualty, Asia Pacific

Starr Insurance has announced the appointment of PeiQi Lee as Head of Casualty, Asia Pacific. Based in Starr’s Singapore office, Lee will manage all technical underwriting within the Asia Casualty team and drive profitable growth across the region...

Posted: Jul 15, 2025

McLarens names Danny Miller Chief Global Strategy Officer

Global claims services provider McLarens has announced the appointment of Danny Miller as Chief Global Strategy Officer (CGSO), a newly created role within the firm’s Global Management Team (GMT). In his new role, Miller will focus on long-term st...

Posted: Jul 15, 2025