Reinsurance News

Howden acquires Chilean retail insurance broker U&F

Howden, the global insurance and reinsurance broking group, has acquired a Santiago-headquartered independent retail insurance broker, Ureta & Fernandez Corredores de Seguros Limitada (U&F). U&F was founded in 2010 by Felipe Ureta, the...

Posted: Jun 18, 2025

Resilience names Colonel Judson C. Dressler to lead Risk Operations Centre expansion

Resilience, a provider of cyber risk solutions, has announced that recently retired Colonel Judson C. Dressler will join the company to lead its Risk Operations Centre (ROC). Dressler will be responsible for overseeing the expansion of the ROC—an...

Posted: Jun 18, 2025

Barents Re and subsidiaries get A- ratings with stable outlook from S&P

Credit rating company S&P Global Ratings has assigned independent reinsurance group, Barents Re Reinsurance Company Inc. (Cayman Islands), and two of its subsidiaries (collectively Barents Re) an ‘A-‘ long-term issuer credit and fi...

Posted: Jun 18, 2025

Liberty Specialty Markets restructures UK & MENA operations with new division leads

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has introduced new leadership roles to oversee three recently established divisions in its UK and MENA region: marine & aviation, specialty, and property. This restructur...

Posted: Jun 18, 2025

European insurers to increase private credit allocations, according to Moody’s

Moody’s Ratings, a provider of credit ratings, research, and risk analysis, expects European insurers to significantly increase their exposure to private credit investments in the coming years. As of 2024, these assets accounted for approximately...

Posted: Jun 18, 2025

HDI Global names Alexandrine Ajavon as General Manager Global Network Africa

Commercial and specialty lines insurer HDI Global SE has announced the appointment of Alexandrine Ajavon as General Manager Global Network Africa, report to Martial Fuge, Head of Global Network at HDI Global. In her new role based in Paris, Ajavon...

Posted: Jun 18, 2025

Descartes Underwriting secures investment from Battery Ventures

Battery Ventures, a global technology-focused investment firm, has made a strategic investment in Descartes Underwriting, a global corporate parametric insurance specialist. The transaction was executed at a premium to Descartes’ most recent Serie...

Posted: Jun 17, 2025

Mereo selects Northern Trust for asset servicing and asset management capabilities

Mereo Insurance Limited has selected Northern Trust to provide asset servicing and asset management solutions. Mereo is a Bermuda-based integrated reinsurance platform that launched in the first quarter of 2025 and underwrites a wide range of casu...

Posted: Jun 17, 2025

KCC introduces High Velocity models for faster catastrophe loss analysis

Karen Clark & Company (KCC), a provider of catastrophe risk modelling solutions, has released a new set of High Velocity (HV) models aimed at streamlining the analysis of hurricane and severe convective storm (SCS) losses. These models are des...

Posted: Jun 17, 2025

ASR partners with Lloyd’s Lab graduate APP to enhance energy underwriting

Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has partnered with Asset Performance Partners (APP), a graduate of the 2024 Lloyd’s Lab, to enhance data insights and risk management in the energy insurance sector. APP re...

Posted: Jun 17, 2025

McGill and Partners introduces cyber insurance specifically designed for Battery Energy Storage Syst...

McGill and Partners, a specialist insurance and reinsurance broker, has announced the launch of a new cybersecurity insurance solution tailored to the Battery Energy Storage Systems (BESS) sector. With growing digitisation across the energy indust...

Posted: Jun 17, 2025

Markel realigns US Wholesale and Specialty division to accelerate growth

Markel Insurance, the insurance operations within Markel Group, has made new leadership appointments within its US Wholesale and Specialty division as part of a strategic regional realignment. Namely, Markel has revealed it is simplifying its stru...

Posted: Jun 17, 2025

B.P. Marsh acquires 27% stake in Cameron Specialty

B.P. Marsh & Partners, a specialist private equity investor, has acquired a 27% shareholding in Cameron Specialty, a London-based underwriting agency. Founded in 2021, Cameron Specialty focuses on UK property insurance across the commercial co...

Posted: Jun 17, 2025

Daws appointed Hamilton Re CEO, Baker to lead Global Specialty as Duffin named Group CUO

Bermuda-based insurance and reinsurance company, Hamilton Insurance Group, has today announced that Adrian Daws will succeed Megan Graves as Chief Executive Officer (CEO) of Hamilton Re, with Alex Baker taking over from Daws as CEO of Hamilton Glo...

Posted: Jun 17, 2025

Cyber reputation risk events can reduce shareholder value by 27%: Aon

Cyber events that cause reputation risks can lead to an average 27% drop in shareholder value, according to Aon’s 2025 Global Cyber Risk Report. The report analysed more than 1,400 cyber events globally, identifying which types are most like...

Posted: Jun 17, 2025

The Hartford appoints Stephanie Lynch as Head of Ceded Reinsurance

The Hartford, a provider of insurance and financial services, has appointed Stephanie Lynch as Head of Ceded Reinsurance. Lynch brings 15 years of industry experience to the role. She joined The Hartford in September 2023 as Cyber Underwriting Off...

Posted: Jun 17, 2025

Fitch keeps European insurance sector outlook neutral at mid-year

Fitch Ratings has noted that the European insurance sector outlook remains ‘neutral’ at mid-year 2025, driven by stable business conditions despite a weaker economic outlook and increased financial market volatility. At the same time,...

Posted: Jun 17, 2025

WTW names Farah Ismail as Senior Director, Head of Commercial Lines, ICT

WTW, an advisory, broking, and solutions firm, has appointed Farah Ismail as Senior Director, Head of Commercial Lines within its Insurance Consulting and Technology (ICT) business in North America. Based in New York, Ismail will report to Laura D...

Posted: Jun 17, 2025

IUA appoints three new directors amid organisational restructure

The International Underwriting Association (IUA), the representative body for London company market insurers, has announced the appointment of three new directors as part of a wider organisational restructure, with these changes coming under the d...

Posted: Jun 17, 2025

hyperexponential research highlights differences in AI strategy and governance between UK and US ins...

New findings from Insurtech provider hyperexponential (hx) show that data ingestion is the most commonly adopted AI application in the insurance sector, with 95% of UK and 89% of US insurers incorporating it into their operations. The study, which...

Posted: Jun 17, 2025

BILTIR & ABI sign MoU to boost global reinsurance industry

Bermuda International Long Term Insurers and Reinsurers (BILTIR) and the Association of British Insurers (ABI) have signed a Memorandum of Understanding (MoU) to enhance collaboration by sharing information and insights on critical industry issues...

Posted: Jun 17, 2025

QBE appoints Henrik Larsen as Nordics General Manager

Commercial insurer QBE has announced the appointment of Henrik Larsen as General Manager for the Nordics, effective 23rd June 2025. Based in Copenhagen, Larsen will lead QBE’s team across Denmark and Sweden to strengthen the company’s market posit...

Posted: Jun 17, 2025

Kin secures $1.4bn Florida reinsurance coverage at June 1 amid market expansion

Kin Insurance has revealed that the reciprocal exchanges it manages, Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, have completed their reinsurance programs for the period of June 1, 2025, through May 31, 2026. For Florida, Kin...

Posted: Jun 17, 2025

Leandros Kotsakis to succeed Kjell-Åke Augustsson as Head of Skuld Piraeus

Global marine insurer Skuld has announced that Kjell-Åke Augustsson will retire as Senior Vice President, Head of Skuld Piraeus, on 28th February 2026, with Leandros Kotsakis set to assume leadership of the Piraeus office from 1st March 2026. Augu...

Posted: Jun 17, 2025

Cowbell adds Kirsten Maley as Director of Claims, UK

Cowbell, a cyber insurer focused on small to medium-sized enterprises and the middle market, has appointed Kirsten Maley into a newly created role of Director of Claims, UK, aligning with the insurers commitment to scale its presence in a growing...

Posted: Jun 17, 2025