Reinsurance News
Following a comprehensive global evaluation by Samsung Financial C-Lab Outside, Samsung Fire & Marine Insurance (SFMI) has selected Cyberwrite to strengthen its cyber insurance capabilities, citing Cyberwrite’s expertise in cyber catastrophe m...
Posted: May 28, 2025
Global reinsurance broker Gallagher Re has appointed Aon’s Chulmin Jang as Chief Executive Officer (CEO) for Gallagher Korea, effective May 28th, 2025. PhilWon Jeong, the current CEO of Gallagher Korea, will transition to the role of Chairma...
Posted: May 28, 2025
Hong Kong-based reinsurer Peak Re has launched and had rated a new North American underwriting entity, Peak Reinsurance North America Ltd. (Peak Re NA), domiciled in Bermuda, demonstrating the company’s commitment to growing its footprint in...
Posted: May 28, 2025
Kestrel Group LLC and Maiden Holdings, Ltd. have announced the successful completion of their combination, forming a new publicly listed specialty program group. The two companies initially announced in December 2024 that they had entered into a c...
Posted: May 28, 2025
Re/insurers can play a vital role in supporting infrastructure development in Africa through risk mitigation solutions and by acting as significant institutional investors, according to a recent report by the African Insurance Organisation (AIO)....
Posted: May 28, 2025
Tokio Marine HCC International (TMHCCI), a subsidiary of the Tokio Marine HCC group headquartered in Houston, Texas, has announced the appointment of Claire Spiteri as Senior Underwriter within its Professional Risks division. Based in Manchester,...
Posted: May 28, 2025
Jon Colello, President of PartnerRe Ltd., has been elected Chair of the Board of Directors for the Reinsurance Association of America (RAA)—a national trade association representing property and casualty reinsurers operating in the United States—d...
Posted: May 27, 2025
United Risk, an international property and casualty insurance underwriting and a division of Applied Underwriters, has announced the appointment of Richard Christofer as President and Chief Commercial Officer, among a number of other promotions an...
Posted: May 27, 2025
Willis, a WTW business, has released its Reputational Risk Readiness Survey 2024/25, highlighting a sharp rise in concerns around cyber threats and environmental challenges among global senior executives. Of the 500 respondents, 65% identified cyb...
Posted: May 27, 2025
Pan-African reinsurer Continental Reinsurance Group has announced a number of leadership appointments, including Lawrence Nazare’s as Group Managing Director. In his new role, headquartered in Botswana, Nazare will oversee the Group’s pan-African...
Posted: May 27, 2025
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported an underwriting loss of ₹392.3 crore for the fourth quarter ended March 31st, 2025, compared to a profit of ₹570.06 crore in the prior year fourth qu...
Posted: May 27, 2025
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported an underwriting loss of ₹392.3 crore for the fourth quarter ended March 31st, 2025, compared to a profit of ₹570.06 crore in the prior year fourth qu...
Posted: May 27, 2025
Specialty insurance faces two key challenges, data loss due to a distended value chain and a lack of affordable and accessible technology, leading insurance service and data platform Accelerant to work to reengineer the business model, CEO Jeff Ra...
Posted: May 27, 2025
Chaucer Group, a global specialty insurance and reinsurance group, has announced the appointment of Jordan Ray as Head of Renewable Energy and Energy Transition. Based in London, Ray will report to and work closely with Simon Schnorr, Head of Mari...
Posted: May 27, 2025
Property catastrophe reinsurance post Q1 2025 results indicate that while there is ongoing rate pressure, market discipline and strong cedent demand are helping to maintain a healthy balance for the property catastrophe reinsurance market, accordi...
Posted: May 27, 2025
AM Best has revised the outlook for the Long-Term Issuer Credit Rating of MS Reinsurance to positive from stable, reflecting the company’s increasing significance within the MS&AD group and its improving financial performance. The rating...
Posted: May 27, 2025
Bermuda-based insurer and reinsurer SiriusPoint has announced the appointment of Philip Enan as Chief Strategy and Corporate Development Officer. Based in New York, Enan joins the company’s Executive Leadership Team and will report to Chief Execut...
Posted: May 27, 2025
The Insurance Council of Australia (ICA) has upgraded the Mid North Coast and Hunter flooding event classification to an “Insurance Catastrophe” due to updated feedback on ground information about local event severity. So far, insurers...
Posted: May 27, 2025
Vienna Insurance Group (VIG) has reported an 8.3% increase in gross written premiums (GWP) to EUR 4.65 billion for the first quarter of 2025, driven by growth across all lines of business. The highest premium growth rates were seen in the Special...
Posted: May 27, 2025
Slide Insurance has filed with the SEC for an initial public offering and intends to use the net proceeds to underwrite additional policies, fund its business growth, and support general corporate purposes. While the technology-enabled insurance f...
Posted: May 27, 2025
Insurance Advisory Partners (IAP), an investment bank dedicated to the insurance, insurance services, and insurtech sectors, has announced the appointment of Joe Plumeri as Chairman. His appointment will take effect on September 1, 2025. In additi...
Posted: May 27, 2025
AM Best has affirmed its Stable outlook for Spain’s non-life insurance segment, citing a number of positive trends that are expected to help improve the sector’s performance. These include the increasing prominence in health and catastrophic...
Posted: May 27, 2025
Ping An Insurance (Group) Company of China, Ltd., an integrated financial services providers with a presence in insurance, banking, and asset management, has launched the international edition of its risk mitigation platform, “EagleX,”...
Posted: May 27, 2025
Insurance and reinsurance brokering group Gallagher has announced the appointment of Sherry J Ortiz as US Head of Aerospace Claims in its global aerospace practice, a role based in the US. Ortiz is a qualified pilot with a proven track record mana...
Posted: May 27, 2025
Venbrook Group, LLC, an independent insurance distribution and services firm in the US, has promoted Jeff Lang to the newly created position of President, Retail Property & Casualty. In his new role, Lang will continue the successful growth mo...
Posted: May 27, 2025