Reinsurance News
Global specialty broker Price Forbes has announced the appointment of Suvimol Sathanart as Head of Property, Asia. Based in Singapore, Sathanart will report to Julian Coates, Chief Broking Officer at Price Forbes. In her new role, she will be resp...
Posted: Jun 23, 2025
In an interview with Reinsurance News, Harmender Singh Kalirai, Chief Transaction Officer at SCOR P&C, discussed SCOR’s new Ecological Restoration Insurance Solution and how it aims to bridge the gap between the need and the desire to finance...
Posted: Jun 23, 2025
Acrisure Re, the re/insurance division of global fintech company Acrisure, has expanded its US footprint with the launch of its West Coast Office, based in San Francisco, to be established and led by Danny Souza, Senior Vice President. Souza will...
Posted: Jun 23, 2025
Howden, the global insurance and reinsurance broking group, has received regulatory approval to launch a reinsurance business in the Kingdom of Saudi Arabia, which will be led by Motaz Bukhari as Chief Executive Officer (CEO) of Howden Re, Kingdom...
Posted: Jun 23, 2025
Pen Underwriting, a specialist underwriting agency in the UK, has promoted Jamie Lawson to the newly created role of Head of Digital E-Trade, effective July 1st, 2025. In his new role, Lawson will manage and coordinate digital growth initiatives r...
Posted: Jun 23, 2025
S&P Global Ratings, a credit rating agency known for assessing credit risk and financial strength across markets, upgraded Sava Re Group and its core subsidiary Zavarovalnica Sava from ‘A’ to ‘A+’ on both their long-ter...
Posted: Jun 23, 2025
AM Best, a credit rating agency, has upgraded the Financial Strength Rating of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company, and TRM Specialty Insurance Company—together known as MS Transverse Insurance Group (MS Tran...
Posted: Jun 20, 2025
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has appointed Darrin De Stephanis as Senior Vice President, Capital Solutions and Commercial Surety Growth Leader. Based in Vancouver, De Stephanis will report to Adrian Pe...
Posted: Jun 20, 2025
Athora, a savings & retirement services firm in Europe established by Apollo Global Management, is in talks to acquire Pension Insurance Corporation (PIC), according to Sky News. While spokespeople for Apollo and PIC reportedly declined to com...
Posted: Jun 20, 2025
SageSure, a provider of catastrophe-exposed property insurance, has announced the appointment of Prasad Gunturi as Vice President (VP), Catastrophe Risk R&D. Founded in 2009, SageSure is a managing general underwriter focused on catastrophe-ex...
Posted: Jun 20, 2025
U.S. insurers paid $1.04 billion in lightning-related homeowners insurance claims in 2024, marking a 16.5% decrease from the $1.24 billion paid in 2023, according to the Insurance Information Institute (Triple-I). The total number of lightning-cau...
Posted: Jun 20, 2025
California-domiciled privately held insurance company, ICW Group Insurance Companies, has launched a new Excess and Surplus (E&S) business unit, ICW Specialty. The unit is being launched through VerTerra Insurance, ICW Group’s Excess and...
Posted: Jun 20, 2025
European P&C insurance run-off group Marco Capital has acquired R&Q Gamma Company Limited, subject to regulatory approval. Marco Capital explained that R&Q Gamma, formerly The Royal London General Insurance Company Ltd, was established...
Posted: Jun 20, 2025
Last month, Walaa Cooperative Insurance Company, a listed Saudi insurer, completed its acquisition of an 88% stake in Aspire Underwriting Agency Ltd. (AUAL), a Managing General Agent (MGA) based in the Dubai International Financial Centre (DIFC)....
Posted: Jun 20, 2025
S&P Global Ratings has raised its long-term issuer credit and financial strength ratings on Fairfax Financial’s core re/insurance operating subsidiaries, which include Odyssey Re and Allied World, to ‘AA-‘ from ‘A+̵...
Posted: Jun 20, 2025
Concert Group, a privately owned insurance holding company, has expanded Kenneth Carter’s role in the company to include Chief Risk Officer, along with serving as Chief Claims Officer. Carter joined Concert in October 2024 as Chief Claims Of...
Posted: Jun 20, 2025
ADGM has announced plans to establish the Insurance Association within its jurisdiction, marking a key milestone in advancing the insurance and reinsurance sectors both within ADGM and across the United Arab Emirates (UAE). ADGM is an Internationa...
Posted: Jun 20, 2025
Send Technology Solutions Ltd (Send), an insurtech firm, has named Will Sparkes as its new Chief People Officer. The appointment comes as the company looks to formalise and expand its approach to people operations during a period of ongoing growth...
Posted: Jun 20, 2025
Credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of QBE Insurance Group Limited to ‘A’ from ‘A-’ and raised the Insurer Financial Strength (IFS) Ratings of its core subsidiaries to ‘AA-’ from ‘A+’. The outl...
Posted: Jun 20, 2025
AmRisc, a subsidiary of CRC Group, has launched an Illinois-domiciled, reciprocal insurance exchange, Calais Reciprocal Insurance Exchange, which has already been assigned a financial strength rating of A- (Excellent) by AM Best. Calais is backed...
Posted: Jun 19, 2025
Last week, the High Court of Justice in London ruled in favour of aircraft lessors for the 2021 and 2022 underwriting years, a key development in the ongoing Russia-Ukraine aviation litigation, and one which analysts at Morningstar DBRS warn has p...
Posted: Jun 19, 2025
According to Verisk’s Quarterly Property Report, claims volume continued to decline in the first quarter of 2025, reaching a five-year low despite significant weather events in several regions. The quarter ended with a total of 1,059,323 claims, c...
Posted: Jun 19, 2025
Mosaic Insurance, a specialty insurer focused on complex and emerging risks, has introduced a new product aimed at supporting efforts to remediate abandoned and orphaned oil and gas wells across North America. The company’s environmental division...
Posted: Jun 19, 2025
AEGIS London, a syndicate at Lloyd’s, has named Sarah Yuile as an underwriter in its International Casualty team. This strategic hire reflects the company’s focus on enhancing its underwriting expertise and advancing the growth of its Internationa...
Posted: Jun 19, 2025
CNA Financial Corporation has launched Cardinal E&S, a new brand dedicated to the excess and surplus (E&S) market, offering specialised insurance solutions tailored to brokers handling complex, hard-to-place risks. According to CNA, Cardin...
Posted: Jun 19, 2025