Reinsurance News
Specialty MGA Africa and Middle East, the managing general agent providing additional capacity for specialty lines of business, has appointed Mohammed Rabie as Senior Underwriter for Property and Engineering, based in its Casablanca office. In his...
Posted: Jul 04, 2025
A $7.9 million drought insurance payout from the World Food Programme is providing relief to vulnerable, conflict-affected communities in Syria, which are now facing the worst drought in 50 years. As Reinsurance New understands, the policy covers...
Posted: Jul 04, 2025
Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Jasminder Kaur as Principal Officer – Malaysia. Kaur will report to Kevin Leung, Chief Underwriting Officer – Asia Pacific at Markel. In her new role, she w...
Posted: Jul 04, 2025
US primary insurer The Allstate Corporation has completed the previously announced sale of its Group Health business to Nationwide for $1.25 billion, with the transaction closing per the terms of the agreement executed on January 30th, 2025. Natio...
Posted: Jul 04, 2025
Willis, a WTW business, has announced the appointment of Daphne Duan Wheal as Director of Strategic Risk Consulting (SRC) for Asia. Based in Singapore, Daphne will lead the SRC practice across the region—a core component of Willis’ Engineering, Ri...
Posted: Jul 04, 2025
Previsico, the actionable flood warning insurtech, has called for collaboration between insurers, government, and industry to tackle the growing threat of extreme flooding globally during the London Climate Action Week, which took place last month...
Posted: Jul 04, 2025
Pan-European savings and retirement services group, Athora, has reached an agreement to acquire Pension Insurance Corporation Group Limited, the parent of Pension Insurance Corporation plc, a specialist insurer of UK defined benefit pension scheme...
Posted: Jul 03, 2025
Ki, the fully digital and algorithmically-driven Lloyd’s syndicate, has appointed Jacques Bonneau as Non-Executive Chair for Ki Financial Limited, effective July 1st, 2025. Bonneau, who retired in March 2024, previously served as President &...
Posted: Jul 03, 2025
The Inter-American Development Bank (IDB) has expanded disaster risk coverage by an additional $2 billion and introduced new instruments for both sovereign and private clients. The $2 billion expansion includes $1 billion for its Contingent Credit...
Posted: Jul 03, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Victoria Killingsworth as Senior Underwriter for Excess & Surplus (E&S) lines. In her new role, Killingsworth w...
Posted: Jul 03, 2025
The Guardian Life Insurance Company of America, one of America’s largest life insurers and providers of employee benefits, has partnered with Janus Henderson Group plc, a global asset manager. Under the terms of this agreement, Janus Henderson wil...
Posted: Jul 03, 2025
Global insurer Zurich Insurance Group has entered into an agreement to acquire BOXX Insurance Inc., a Toronto-based cyber insurance and risk management insurtech, which will be integrated into Zurich Global Ventures (ZGV). This acquisition is set...
Posted: Jul 03, 2025
The second quarter of 2025 was another record period for the catastrophe bond market, with issuance of $10.5 billion from 38 transactions comprised of 58 tranches of notes, ensuring that new annual records have been set for 144A property cat bond...
Posted: Jul 03, 2025
The insurance industry’s Fire Safety Reinsurance Facility, an initiative aimed at providing insurance coverage for multi occupancy buildings with fire safety issues, has increased its coverage limit from £50 million to £70 million, the Association...
Posted: Jul 03, 2025
In a recent interview with Reinsurance News, James Mahon, Reinsurance Pre-Sales Lead at DXC Technology, highlighted a persistent issue facing the re/insurance industry: the continued reliance on manual processes for managing ceded reinsurance. DXC...
Posted: Jul 03, 2025
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has announced the promotion of Hilary Weiss to Head of Americas, effective immediately. Weiss has been part of Liberty Mutual since 2018, when she joined the company as...
Posted: Jul 03, 2025
Around the annual meeting of the legacy re/insurance market in Brighton, UK, in May, we hosted our inaugural Legacy Market Roundtable, in partnership with global reinsurance company, Swiss Re, during which 11 experts from across the retrospective...
Posted: Jul 03, 2025
Conditions in the U.S. property catastrophe reinsurance market continued to shift in favour of buyers at the mid-year renewals, yet portfolio returns remain strong and attractive for reinsurers and investors alike, even with the rate reductions, a...
Posted: Jul 03, 2025
The Ardonagh Group has acquired a majority stake in Apex Insurance (Holdings) Limited in Hong Kong. The move strengthens Ardonagh’s footprint in the region, as it will operate Apex alongside PSC’s Hong Kong operations, PSC HK Insurance Group (PSC...
Posted: Jul 03, 2025
Sandeep Gopal has joined global insurer American International Group (AIG) as Chief Risk Officer, Asia Pacific (APAC). In his new role, Gopal will lead the Enterprise Risk Management strategy in the region, focusing on strengthening risk governanc...
Posted: Jul 03, 2025
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired Aerospace Insurance Managers (AIM), a general aviation insurance services provider, from Hallmark Financial, in an undisclosed transaction. This acquisition mar...
Posted: Jul 03, 2025
Global reinsurer Hannover Re has announced the appointment of Steven Hardy as Head of Life & Health (L&H) Ireland & Canada. In this role, Hardy will be based at Hannover Re’s Dublin subsidiary, which plays a key role in advancing the c...
Posted: Jul 03, 2025
Global life insurance group Resolution Life has completed a $750 million Tier 2 listed debt issuance, attracting strong investor demand with a peak order book surpassing $3.25 billion. According to the firm, which specialises in reinsurance and th...
Posted: Jul 03, 2025
The Insurance Information Institute (Triple-I) has announced the appointment of Patrick Schmid as Chief Insurance Officer, effective July 11, 2025. Schmid will also lead the organisation’s Catastrophe Resiliency Council and the Insurance Research...
Posted: Jul 03, 2025
Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, has launched a Hong Kong-focused reinsurance broking platform, with Roy Wong appointed as Managing Director, Reinsurance, Hong Kong, effective July 21st, 2025...
Posted: Jul 03, 2025