Reinsurance News
Canada Life Reinsurance, part of financial services holding company Great-West Lifeco, has decided to stop new business for its US traditional life mortality risk reinsurance line, known as U.S. Trad Life, as the firm looks to focus on its core ma...
Posted: Jun 25, 2025
The Government of Grenada has confirmed the renewal of the country’s annual parametric insurance coverage with the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) for 2025/2026, for a total cost of roug...
Posted: Jun 25, 2025
Ledgebrook Inc., a technology-focused provider in the Excess and Surplus Lines insurance sector, has announced the close of a $65 million Series C funding round. The round was significantly oversubscribed and led by existing investor The Stephens...
Posted: Jun 25, 2025
Oaktree Capital Management, L.P. (Oaktree), a global asset management firm specialising in alternative investment strategies, has announced the appointment of Richesh Shah as Managing Director and Head of Americas Insurance Solutions. Based in New...
Posted: Jun 25, 2025
Howden, a global insurance and reinsurance broking group, has secured regulatory approval to launch a reinsurance operation in the Kingdom of Saudi Arabia, Howden Re KSA, to be led by Motaz Bukhari as Chief Executive Officer (CEO). Howden Re KSA i...
Posted: Jun 25, 2025
Political polarisation is increasing across the globe and bringing with it a wave of uncertainty that threatens both governments and businesses, according to the latest Political Risk Index published by Willis, an advisory, broking, and risk solut...
Posted: Jun 25, 2025
Miller, the independent specialist insurance and reinsurance broker, has announced the appointment of Martin Dimas as Head of Indonesia Desk, Singapore. In this role, Dimas will be responsible for driving the growth of Miller’s Indonesian reinsura...
Posted: Jun 25, 2025
Pinpoint UK Solutions Ltd, the UK-based MGA of AM Specialty Insurance Group, has officially launched operations in the UK after being appointed as an Appointed Representative (AR) of Resolution Underwriting Partnership Ltd. As an AR—a regulated st...
Posted: Jun 25, 2025
Canopius Managing Agents Ltd (Canopius) has announced that Equus Claims Management Ltd (Equus) has been approved as a Lloyd’s Delegated Claims Administrator (DCA), following sponsorship by Canopius. Equus is a liability adjusting firm specialising...
Posted: Jun 25, 2025
According to a new market segment report from AM Best, direct premiums written (DPW) for US cyber insurance declined by 2.3% in 2024, dropping to just under $7.1 billion. This marks the first recorded decrease in the segment since the National Ass...
Posted: Jun 25, 2025
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has announced the appointment of Eric Malterre as Chief Underwriting Officer, a newly created role. Malterre will leverage his 25 years of international insurance experienc...
Posted: Jun 25, 2025
Berkley Cyber Risk Solutions has introduced its new Incident Responder Enhancement Endorsement, aimed at addressing the frequently overlooked human impact of responding to cyber breach events. The endorsement offers reimbursement for cancelled vac...
Posted: Jun 25, 2025
Selective Insurance has announced the appointment of Ari Moskowitz as Chief Risk & Reinsurance Officer. Moskowitz brings nearly 20 years of re/insurance industry experience, with strong expertise in actuarial pricing and risk management. He re...
Posted: Jun 25, 2025
Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, has announced the launch of its Korea Desk, led by Brian Jee. Jee has been appointed Head of Korea and Senior Financial Lines Underwriter. He brings nearly 15 yea...
Posted: Jun 25, 2025
Brit Group Holdings Limited has revealed the launch of Brit Flood, a new digital underwriting platform for the US flood market. Brit explained that the new development is built on its in-house technology platform and can offer instant quotes for p...
Posted: Jun 25, 2025
Brit Group Holdings Limited has revealed the launch of Brit Flood, a new digital underwriting platform for the US flood market. Brit explained that the new development is built on its in-house technology platform and can offer instant quotes for p...
Posted: Jun 25, 2025
Alasdair Walker is to succeed Li Sheung Kin (S.K.) as Chief Executive Officer (CEO) of Sompo Hong Kong, subject to appropriate local regulatory and immigration approvals, as the executive retires after 24 years with the company. Li has held severa...
Posted: Jun 25, 2025
Effective July 1, 2025, AXA is unifying its AXA Group and AXA XL Ceded Reinsurance (Ceded Re) teams to form a single, integrated Ceded Re team. This move aims to enhance alignment, streamline operations, and drive greater efficiency. As per AXA, t...
Posted: Jun 25, 2025
Global insurer and reinsurer Everest Group has appointed Allan Levine as an independent, non-executive member of its Board of Directors. His appointment follows the expansion of Everest’s Board, following the recent appointments of Darryl Page an...
Posted: Jun 25, 2025
Lockton, a privately held insurance brokerage, has partnered with Parametrix, a provider of digital business interruption risk solutions, to launch Service Level Agreement (SLA) breach coverage to the data center market. The pair explained that th...
Posted: Jun 25, 2025
Global specialty re/insurer Ascot Group has announced the appointment of Steven Goldman as Global Head of Distribution, a newly created role, effective July 7, 2025. Based in Stamford, CT., Goldman has been tasked with developing, leading and exec...
Posted: Jun 25, 2025
Willis, part of the WTW group, has introduced Zest Insurance, a new digital insurance platform built specifically for small and medium-sized enterprises (SMEs) in Australia. The launch signals a shift in how smaller businesses can access and manag...
Posted: Jun 25, 2025
Roosevelt Road Specialty, a specialty managing general underwriter, has appointed Brendan Cook as Chief Underwriting Officer (CUO) of Property. In this role, Cook will lead the company’s property underwriting strategy, overseeing risk selection, p...
Posted: Jun 25, 2025
Insurance solutions provider Orion180 has completed its excess-of-loss (XOL) and net quota share reinsurance agreements for the 2025 hurricane season totalling $845 million, which represents a 31% increase from the 2024 programme. The renewed rein...
Posted: Jun 24, 2025
Philippe Cotelle has been elected as the next President of the Federation of European Risk Management Associations (FERMA), succeeding Charlotte Hedemark who completes her two-year tenure. Cotelle is currently a Board member of FERMA and Head of C...
Posted: Jun 24, 2025