Reinsurance News
Lockton, a privately held insurance brokerage, has announced the appointment of Paul Primavera as National Construction Practice Leader. Based in Los Angeles, Primavera will report to Chris DiLullo, U.S. Industry Practices Leader at Lockton. In hi...
Posted: Jul 08, 2025
AccuWeather has estimated that the catastrophic flash flood disaster in Texas has caused an estimated $18 billion to $22 billion in total damage and economic loss. According to the firm, these figures include the cost of search and recovery effort...
Posted: Jul 08, 2025
Pro Global, an advisor in the specialist insurance sector, has launched Audit-Tech: Vendor Assurance, a practitioner-led, technology-enhanced service that helps insurers navigate growing third-party risk. In an increasingly complex environment, in...
Posted: Jul 08, 2025
Mandarin Re’s Chief Underwriting Officer, Arthur Underwood, is urging the reinsurance industry to adopt a more forward-looking approach to risk evaluation and mitigation, as traditional models struggle to keep pace with fast-emerging threats. “The...
Posted: Jul 08, 2025
International re/insurance broker United Insurance Brokers Limited (UIB) has announced the appointment of Markus Sayuti as Executive Director, Treaty & Retro Division, UIB Asia, effective 1 July 2025. Sayuti will play a pivotal role, collabora...
Posted: Jul 08, 2025
In a recent interview with Reinsurance News, Jag Jass, Partner – Retrospective at reinsurance broker Augment Risk, explained that while there will always be a place for larger transactions targeting toxic liabilities and discontinued lines o...
Posted: Jul 08, 2025
Global insurer American International Group (AIG) has appointed Pierrick Livet as Head of Multinational, Bermuda. Livet brings over 15 years of insurance industry experience, specialising in complex international programmes and captive structures....
Posted: Jul 08, 2025
Global insurer American International Group (AIG) has appointed Pierrick Livet as Head of Multinational, Bermuda. Livet brings over 15 years of insurance industry experience, specialising in complex international programmes and captive structures....
Posted: Jul 08, 2025
Although the English courts have now delivered a verdict in favour of the claimants in the Russia Aircraft Lessor Policy mega-trial, Gallagher Re has observed that “significant uncertainty” persists, especially regarding how reinsurers...
Posted: Jul 08, 2025
Although the English courts have now delivered a verdict in favour of the claimants in the Russia Aircraft Lessor Policy mega-trial, Gallagher has observed that “significant uncertainty” persists, especially regarding how reinsurers mi...
Posted: Jul 08, 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Pierre-Edouard Fraigneau as the President, Europe, effective September 1st, 2025. In his new role, Fraigneau succeeds incumbent President Kadidja Sinz and will...
Posted: Jul 08, 2025
Willis, a WTW business, and specialist insurer Markel have launched ‘Undercover’, a new $200 million facility that aims to provide coverage for a range of geopolitical exposures faced by cargo owners globally. Developed by Willis, this joint propo...
Posted: Jul 08, 2025
Charles Taylor InsureTech, a technology partner to the insurance industry, has introduced autonomous AI agents — known as agentic AI — as part of its initiative to modernise customer service and streamline core insurance operations through artific...
Posted: Jul 08, 2025
Supported by the Ocean Risk and Resilience Action Alliance (ORRAA) through the UK’s Blue Planet Fund, the United Nations Development Programme’s (UNDP) Insurance & Risk Finance Facility (IRFF) is partnering with Swiss Re and the Indonesian gov...
Posted: Jul 08, 2025
Argo Group, an underwriter of specialty insurance products in the property and casualty market, has announced the appointment of Arturo Pelaez as Chief Operating Officer. Pelaez brings over two decades of industry experience, with expertise in ins...
Posted: Jul 08, 2025
Generali’s Global Corporate & Commercial (GC&C) business unit and Seguros Bolívar have partnered to launch a reinsurance agreement to strengthen Colombia’s large corporate segment insurance offering. The partnership aims to provide large C...
Posted: Jul 08, 2025
Accredited Insurance Program Management has announced the appointment of Laure Kearns as UK Chief Underwriting Officer “Laure has a fantastic track record and brings the perfect blend of technical expertise and strategic vision to our Underwriting...
Posted: Jul 08, 2025
Howden, the global insurance and reinsurance broking group, has appointed Hamish Ravindran its Chief Client Officer for Asia. Ravindran will be based out of Singapore and has 23 years of experience with commercial property insurer, FM Global. Most...
Posted: Jul 08, 2025
Insurance Europe has backed the EU’s ambition to strengthen digital infrastructure and AI adoption but stresses that the success of the Cloud and AI Development Act depends on taking an open, investment-led approach and avoiding restrictions on ac...
Posted: Jul 08, 2025
CyberCube, a provider of cyber risk analytics, has identified Manufacturing, Education, IT, and Retail as the sectors most at risk of attacks from the threat actor group Scattered Spider — the group behind several recent high-profile cyber inciden...
Posted: Jul 08, 2025
Insurance holding company Ambac has extended from July 3, 2025, to December 31, 2025 the term of the stock purchase agreement relating to the sale of its legacy financial guarantee businesses -Ambac Assurance Corporation (AAC) and Ambac UK (AUK) &...
Posted: Jul 07, 2025
Seoul-based Korean Reinsurance Company’s subsidiary, Korean Reinsurance Switzerland AG (KRSA), has appointed Markus A. Eugster as an independent member of the Board of Directors, succeeding Reinhard Thoennissen, who has decided to step down. The a...
Posted: Jul 07, 2025
CRC Group has entered into a definitive agreement to acquire Atrium Underwriting Group, an underwriting business at Lloyd’s that manages Syndicate 609, from investment funds managed by Stone Point Capital LLC and other investors. Atrium, which wri...
Posted: Jul 07, 2025
Asta, the third-party managing agency at Lloyd’s, has confirmed that Lloyd’s has approved the transfer of the managing agency agreement for GIC Re’s Syndicate 1947, effective 1 July 2025, with the agreement covering both open and prior underwritin...
Posted: Jul 07, 2025
With over 40% of total ceded reserves for US life-annuity writers in 2024, Bermuda continues to be a “driving force” in offshore reinsurance, according to a recent report by AM Best. The report, titled “Bermuda Remains the Largest Offshore Life/An...
Posted: Jul 07, 2025