Reinsurance News
Discussing how the Florida-focused June reinsurance renewals are shaping up, Randy Fuller, Managing Director, Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has suggested the California wildfires in Q1 are not expected to have a mea...
Posted: May 29, 2025
International specialist insurer Hiscox has announced the appointment of Peter Clarke as the Group’s new Chair designate, subject to regulatory approval. Clarke is set to take over the Board as Chair designate on June 1, 2025, succeeding Colin Keo...
Posted: May 29, 2025
Atrium, a specialty insurer at Lloyd’s, has promoted Adam Payne to the role of Deputy Head of Digital Underwriting. In this position, he will work in close partnership with Simon Lewis, Head of Digital Underwriting, to enhance Atrium’s digital inf...
Posted: May 29, 2025
Asian Reinsurance Corporation (Asian Re), a Thailand-based reinsurer providing risk transfer solutions across Asia in Thailand, has shown notable progress in its financial and operational performance during 2024. The company achieved a combined ra...
Posted: May 29, 2025
Rokstone, the international specialty re/insurance MGA and part of the Aventum Group, is strengthening its global specialty offering with the launch of its International Casualty Division. Sam Wylie has been appointed Portfolio Manager of the new...
Posted: May 29, 2025
Moody’s Ratings has affirmed the ratings and maintained negative outlooks on eight Chinese insurers and one related overseas subsidiary, following its affirmation of China’s A1 sovereign rating with a negative outlook. The nine insurers affected a...
Posted: May 29, 2025
AXA XL Reinsurance has announced the appointment of Petya Ivanova as Head of Property, International Reinsurance, effective July 1st, 2025. In her new role, Ivanova will oversee the company’s international property portfolio, working closely with...
Posted: May 29, 2025
AXA XL Reinsurance has announced the appointment of Petya Ivanova as Head of Property, International Reinsurance, effective July 1st, 2025. In her new role, Ivanova will oversee the company’s international property portfolio, working closely with...
Posted: May 29, 2025
Core Specialty Insurance Holdings, Inc. and its subsidiaries have appointed Patrick Gordon to the company’s Board of Directors, effective immediately. Gordon replaces Marc Stad on the board, who has served as a Director Designated by Dragoneer Inv...
Posted: May 29, 2025
S&P Global Ratings, a provider of independent credit assessments and financial analysis, has downgraded the credit ratings of United Services Automobile Association (USAA) and its core insurance subsidiaries from ‘AA+’ to ‘AA’. The ratings fir...
Posted: May 29, 2025
Root Platform, the API-first core platform for delegated authority insurance business, has announced the appointment of Oliver Evans as its new Head of Growth UK, supporting Root’s ongoing plans to expand within the UK insurance market. Evans has...
Posted: May 29, 2025
Global Captive Management, Ltd. (GCM) has announced the launch of ‘Outcomes SPC’, a new solution that will offer businesses a cost-effective, streamlined way to enter the captive insurance space. This will allow younger, smaller, or more entrepren...
Posted: May 29, 2025
Insurance Europe, the organisation representing the European insurance and reinsurance sector, has outlined key priorities ahead of the 15th International Conference. According to a statement from Insurance Europe’s leadership — Frédéric de Courto...
Posted: May 28, 2025
Celebrating one year since the launch of The Fidelis Partnership’s (TFP) Abu Dhabi Global Market office, Fidelis MEASA has delivered strong growth, contributing a significant $88 million in Gross Written Premium (GWP) to TFP’s group-wide GWP of $4...
Posted: May 28, 2025
Aegis Energy, a division of Aegis General Insurance Agency and K2 Insurance Services, has partnered with Everspan Group, a specialty property and casualty insurance platform, to launch a new Excess program for Petroleum Gasoline Haulers. The progr...
Posted: May 28, 2025
Fitch Ratings, a global credit ratings agency and financial information provider, reports that the US personal lines insurance market returned to underwriting profitability in 2024 after three consecutive years of losses. Fitch reports that the se...
Posted: May 28, 2025
Insurer and reinsurer Markel is expanding mea Platform’s generative AI (GenAI) solution to Canada, where it will be applied across Markel Canada’s underwriting operations to automate the extraction of unstructured data from submission-related docu...
Posted: May 28, 2025
Novel Financial Holdings, a new independent holding company that will oversee insurance carriers supporting managing general underwriters (MGUs), has launched with former PartnerRe CEO Jacques Bonneau as Chairman and Howden Re’s Rob Bredahl as CEO...
Posted: May 28, 2025
CLARA Analytics, a provider of artificial intelligence technology for commercial insurance claims optimisation, has released new research demonstrating that advanced machine learning can identify signs of potential fraud just two weeks after a cla...
Posted: May 28, 2025
Property and casualty insurer, The Travelers Companies, Inc., has agreed to sell the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Canadian property and casualty insurer Definity Financial...
Posted: May 28, 2025
MNK Group, the independent global group of insurance companies, has appointed Alex Noorbaccus as its new Group Chief Risk Officer. In this role, Noorbaccus will be responsible for accelerating the development and rollout of the Group’s risk manage...
Posted: May 28, 2025
Hannover Re has announced the appointment of Gavin Maguire as Global Head of the reinsurer’s newly established division, L&H Traditional Business. Maguire offers valuable strategic insight and a collaborative approach, drawing on his deep expe...
Posted: May 28, 2025
AXIS, a provider of specialty insurance and reinsurance solutions, has announced a number of organisational changes to further enhance underwriting and operational performance within AXIS Global Markets. Sara Farrup, Head of Global Markets, commen...
Posted: May 28, 2025
Tokio Marine Holdings, Inc. has launched Tokio Marine GX, a new international offering aimed at advancing green transformation, founded upon GCube, an underwriter of renewable energy products. The launch furthers the Group’s efforts toward carbon...
Posted: May 28, 2025
DARAG Deutschland AG, the German insurance carrier of DARAG Group, has completed a loss portfolio transfer (LPT) with an European carrier. This deal, the firm stated. Will be followed by a portfolio transfer (PTA) with the carrier. Tom Booth, CEO...
Posted: May 28, 2025