Reinsurance News

Swiss Re’s global reach guides clients through new markets & supply chain shifts: Porter

Will Porter, Head of International Programs Americas at Swiss Re Corporate Solutions, says the firm’s global footprint, through local offices, partners, or past programs, allows it to provide regulatory insights, peer benchmarks, and practical gui...

Posted: Jun 30, 2025

WTW enhances Radar with integration of Verisk’s ISO ERC

WTW, an advisory, broking, and solutions firm, has launched a new feature in its analytics deployment solution, Radar, enabling users to accurately adjust to market price movements in real time by incorporating Verisk’s ISO Electronic Rating Conte...

Posted: Jun 30, 2025

Ardonagh completes $2.5bn equity investment led by Stone Point Capital

The Ardonagh Group, a global independent insurance broker, has announced the completion of the previously announced $2.5 billion equity investment led by funds managed by US-domiciled private equity firm Stone Point Capital LLC, valuing the group...

Posted: Jun 30, 2025

Hannover Re appoints Kai Aschenbach as General Manager

Global reinsurer Hannover Re has announced the appointment of Kai Aschenbach as General Manager. In his new role, Aschenbach will focus on the consistent implementation of core IT topics and the standardised support and integration of the company’...

Posted: Jun 30, 2025

David Petrone to lead MSIG USA Northeast region distribution

MSIG USA, a provider of specialty insurance solutions, has announced the appointment of David Petrone as Northeast region distribution leader. Petrone will leverage his over three decades of industry experience to drive regional distribution strat...

Posted: Jun 30, 2025

MAPFRE RE bolsters senior management with three appointments

MAPFRE RE, the reinsurance and global risks arm of Madrid-based insurer MAPFRE, has strengthened its senior management with the appointment of Fernando Utrilla Agüero as Deputy Chief Financial Officer (CFO) and José López González as Assistant Gen...

Posted: Jun 30, 2025

Chinese non-life insurance sector shows resilience amidst market challenges: Fitch Ratings

Fitch Ratings, a credit rating agency, reports that China’s non-life insurance sector continues to exhibit strong financial stability, which has supported consistent growth in premiums and improved underwriting outcomes during the first quarter of...

Posted: Jun 30, 2025

Florida insurance market expands with two new companies amid continued stabilisation

Florida Insurance Commissioner Mike Yaworsky has announced the addition of two new insurance companies approved to write residential policies in the state, reflecting continued progress in Florida’s insurance market. Since major legislative reform...

Posted: Jun 30, 2025

Trend towards buyer-friendly conditions accelerated at mid-year renewals: Aon

In its mid-year 2025 reinsurance market dynamics report, Aon has highlighted that the increased availability of property catastrophe reinsurance, combined with greater flexibility from reinsurers, makes this an opportune moment for insurers to ree...

Posted: Jun 30, 2025

Advantage Re joins DIFC’s growing community

Managing general agent Advantage Re has joined the Dubai International Financial Centre (DIFC), a financial hub for the Middle East, Africa, and South Asia (MEASA). This strategic move brings Advantage Re’s specialised expertise in insurance, rein...

Posted: Jun 30, 2025

Amynta Risk Solutions names Michael Coghlan Head of A&H Reinsurance

Amynta Risk Solutions, an insurance services company with more than $3.5 billion in managed premium, has appointed Michael Coghlan to lead its Accident and Health (A&H) Reinsurance business. Coghlan is an insurance and reinsurance industry vet...

Posted: Jun 30, 2025

SCOR appoints Gilles Nansenet as Global Account Executive

French reinsurer SCOR has announced the appointment of Gilles Nansenet as Global Account Executive within its Global Client Unit in Paris. Nansenet brings 35 years of experience in the property and casualty reinsurance industry. He joins SCOR afte...

Posted: Jun 30, 2025

Lloyd’s commends removal of Section 899 from US reconciliation bill

Lloyd’s Chair, Sir Charles Roxburgh, has issued a statement commending the removal of Section 899 from the reconciliation bill by the United States Treasury and Congress, noting that the decision “greatly supports” not only Lloyd’s bus...

Posted: Jun 30, 2025

FortressFire, BMS and EPIC launch Fine Art Wildfire Insurance Program in California

FortressFire, a provider of wildfire analytics and property-specific protection services, brokers BMS Group and EPIC have come together to launch the Fine Art Wildfire Insurance Program to protect high-value collections in California. This product...

Posted: Jun 30, 2025

Addresscloud to enhance data delivery for insurers with Martin’s appointment

Addresscloud, a geocoding and property intelligence expert, has announced the appointment of Tim Martin as Data Director, a move that reinforces the company’s commitment to delivering best-in-class location intelligence to the insurance sector. In...

Posted: Jun 30, 2025

M&A insurance payouts hit record highs in 2024, driven by R&W claims: Aon

Mergers & Acquisitions (M&A) insurance claims payouts have surged in recent years, with 2024 marking the highest year on record for M&A insurance payouts, according to a recent Aon study. The research highlights a significant increase...

Posted: Jun 27, 2025

LexisNexis Risk Solutions introduces new commercial property risk assessment tool

LexisNexis Risk Solutions, a provider of data and analytics for the insurance industry, has released LexisNexis Location Intelligence for Commercial, a tool aimed at improving the assessment of commercial property risks during underwriting and pol...

Posted: Jun 27, 2025

Hurricane Erick insured losses expected to be contained: AM Best

Insured losses from Mexico’s Hurricane Erick, which made landfall last week, are expected to be contained, with parametric insurance contracts unlikely to be triggered, according to a recent report by AM Best. Hurricane Erick made landfall last Th...

Posted: Jun 27, 2025

Siddharth Deosthalee appointed CFO of Howden India

Howden, the global insurance and reinsurance broking group, has appointed Siddharth Deosthalee as the Chief Financial Officer (CFO) of India, based in Mumbai. Until April 2025, Deosthalee was the Vice President of Finance for Peepul Tree, a role h...

Posted: Jun 27, 2025

Personal auto drives major recovery in US P&C underwriting for 2024: AM Best

The US property and casualty (P&C) insurance sector experienced a significant recovery in 2024, according to AM Best, the credit rating agency. In its latest report, AM Best highlights a $31 billion improvement in the personal auto line of bus...

Posted: Jun 27, 2025

Favourable conditions for US commercial insurance buyers amid economic uncertainty: Lockton

For US commercial insurance buyers, the current landscape is arguably the most favourable in the past five to six years, however, economic uncertainty abounds, with potential ripple effects on the insurance market, according to the latest Lockton...

Posted: Jun 27, 2025

Lessons for European insurers from California’s $40bn wildfire losses: Swiss Re

Swiss Re, a reinsurance provider, has drawn on its expertise in natural catastrophe risk to identify critical lessons from California’s wildfire experience that are increasingly relevant for insurers across Europe. The growing frequency and intens...

Posted: Jun 27, 2025

Geopolitical instability tops aviation insurers’ concerns: IUAI

Geopolitical instability has been identified as the biggest threat to the aviation sector by insurers, a new industry survey has revealed, with war and international conflicts as the top concern for two-thirds of respondents working for internatio...

Posted: Jun 27, 2025

SiriusPoint hires Catalina Re’s Andrew Pryde as Group Chief Risk Officer

Bermuda-based insurer and reinsurer SiriusPoint has appointed Andrew Pryde from Catalina Re as Group Chief Risk Officer (CRO), effective September 2025. In his new role, Pryde will be based in Bermuda, where he will report to SiriusPoint’s Chief E...

Posted: Jun 27, 2025

Severe storms in Europe & US to cause significant insurance losses: Aon

Aon has reported that recent severe convective storm (SCS) activity is expected to drive economic and insured losses into the hundreds of millions of dollars in Europe, while similar events in the United States are projected to result in losses in...

Posted: Jun 27, 2025