Reinsurance News

Oliver Delvos named Head of Cyber and Tech E&O, Europe at Liberty Specialty Markets

Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, has appointed Oliver Delvos as head of cyber and tech E&O for Europe, effective 1 December 2025. Based in Germany, Delvos will report to Pierre-Edouard Fraigneau, p...

Posted: Nov 25, 2025

Pro Global launches SRA-registered law firm Pro Legal

Pro Global, an advisor for the specialist insurance sector, has announced the launch of Pro Legal Solutions Ltd (Pro Legal), its Solicitors Regulation Authority (SRA) registered law firm designed to streamline complex claims litigation. Pro Legal...

Posted: Nov 25, 2025

1B-i appoints Dr. John Morley as CEO, establishes operational entity

1B-i Holdings Limited, a specialist insurance group focusing on digital assets, technology, and transition economy, has appointed Dr. John Morley as its Chief Executive Officer (CEO). The company has also confirmed the establishment of its managem...

Posted: Nov 25, 2025

Data centres could generate $5–$11bn in annual premiums: Goldman Sachs

Goldman Sachs analysts estimate that the data centre opportunity for the insurance sector could generate $5–$11 billion in annual premiums over the next several years, with an annual broker revenue opportunity of roughly $250 million–$1 billion. A...

Posted: Nov 24, 2025

Counterpart expands affirmative AI coverage to help small businesses address the emerging risk

Insurtech Counterpart has expanded its Affirmative AI Coverage, and added a Technology E&O Insuring Agreement to address the new and complex risks many companies are now exposed to as a result of businesses adopting artificial intelligence (AI...

Posted: Nov 24, 2025

Proxy firms differ on Tiptree’s sale of Fortegra to DB Insurance

Proxy advisory firms have split in their assessments of Tiptree Inc.’s proposed sale of its specialty insurer Fortegra to DB Insurance, setting the stage for a contentious shareholder vote at the company’s Special Meeting on December 3rd. The deal...

Posted: Nov 24, 2025

Apollo promotes Jackson to Head of Marine, Energy & Transportation, Mason to retire

Martin Jackson will succeed Simon Mason as Head of Marine, Energy & Transportation at Apollo, the specialist Lloyd’s re/insurance group, effective 1st January 2026, following Mason’s retirement. Mason, who has been with Apollo since 2013...

Posted: Nov 24, 2025

WFP calls for disaster risk financing expansion amid cat-driven food insecurity

At COP30, the United Nations World Food Programme (WFP) warned that a 1°C rise in global temperatures could thrust an additional 70 million people into food insecurity across the 45 countries where it operates, highlighting the urgent need to expa...

Posted: Nov 24, 2025

Farmers Insurance eliminates cap on homeowners policies offered in California

Farmers Insurance, the largest property casualty insurer headquartered in California, has decided to eliminate the cap on the number of homeowners insurance policies it offers in the state, including Farmers Smart Plan Home, Farmers Smart Plan Con...

Posted: Nov 24, 2025

MPs urge expansion of government reinsurance schemes as cyber threats rise

The Business and Trade Committee, responsible for scrutinising the Department for Business and Trade, has urged the Government to urgently expand reinsurance schemes like Pool Re to support private markets and bolster business resilience, particul...

Posted: Nov 24, 2025

Lloyd’s market secures three-year continuation of FCP Service with new contract

The Lloyd’s Market Association (LMA), LIMOSS and Vitesse have signed a new contract to continue the market-wide FCP Service for a minimum of three years, reaffirming their commitment to an insured-first approach that accelerates claims payments an...

Posted: Nov 24, 2025

Aon warns against drawing quick conclusions from PRA’s LIST 2025: Lizzie Hawkins

The insurer-specific results of the PRA Life Insurance Stress Test (LIST 2025) demonstrate a good degree of financial resilience across in-scope insurers, however, Lizzie Hawkins, insurer due diligence specialist in the Aon Risk Settlement Group,...

Posted: Nov 24, 2025

Competitive pension risk transfer cost dips to 100.1% during October

The estimated cost for transferring retiree pension risk to an insurer saw a slight but significant decrease in October, to 100.1%, according to the latest figures from the Milliman Pension Buyout Index (MPBI). The estimated cost to transfer pensi...

Posted: Nov 24, 2025

Jean Edwards Consulting CEO Edward Nnadi on two decades of zero client churn

In a recent Reinsurance News interview, Edward Nnadi, CEO of Jean Edwards Consulting, reflected on how the firm has advanced from a specialist software outfit into a respected InsurTech partner over the past twenty years. The company, which began...

Posted: Nov 24, 2025

Howden names Alaric Lee as Chief Commercial Officer, Asia

Howden has appointed Alaric Lee as Chief Commercial Officer, Asia, effective 1 December 2025. Lee brings more than 15 years of leadership experience at Marsh, having progressed through a series of increasingly senior roles across London, Hong Kong...

Posted: Nov 24, 2025

Moody’s notes steadier growth in US life insurers’ CLO Holdings

The credit analysis and research firm Moody’s Ratings reports that US life insurers continue to expand their investments in collateralised loan obligations, though the pace of increase has become more measured compared with previous years. The age...

Posted: Nov 24, 2025

Skyward Specialty promotes John Burkhart to President, US P&C

Skyward Specialty Insurance Group, a property and casualty (P&C) specialist insurer, has promoted John Burkhart to President, US Property & Casualty, Skyward Specialty Insurance. This promotion aligns with the firm’s broader strategy...

Posted: Nov 24, 2025

AM Best raises ratings for Junto Re and Junto Seg, sets stable outlook

Credit rating agency AM Best has raised the Financial Strength Rating of Junto Resseguros S.A. (Junto Re) and Junto Seguros S.A. (Junto Seg) to A (Excellent) from A- (Excellent). The Long-Term Issuer Credit Ratings were also lifted to “a” (Excelle...

Posted: Nov 24, 2025

BOXX to help businesses & individuals build resilience with Cyberboxx Assist

Insurtech firm BOXX Insurance has launched a comprehensive suite of cybersecurity tools and services that have been designed to build digital resilience. Cyberboxx Assist is a robust suite of tools designed to help businesses and individuals not o...

Posted: Nov 24, 2025

European and US P&C markets heading towards “progressively softer” environment: Autonomous

The global insurance industry is heading towards a “progressively softer market environment,” with pricing momentum deteriorating across most European and US property and casualty (P&C) lines, according to a recent Autonomous report. While the...

Posted: Nov 21, 2025

Gallagher Re Chairman Paddy Jago to retire in 2026

Patrick (Paddy) Jago, Chairman of global reinsurance brokerage Gallagher Re, is set to retire at the end of 2026, concluding a 50-year career in the industry. During his time as Global Chairman, Jago served on the executive committee, working clos...

Posted: Nov 21, 2025

Crawford & Company names Bruce Swain as Interim President & CEO

Crawford & Company, a global provider of claims management and outsourcing solutions to insurance companies and self‐insured entities, has announced that Bruce Swain will assume the role of Interim President & Chief Executive Officer (CEO)...

Posted: Nov 21, 2025

Majesco to acquire Vitech, expanding cloud-native insurance and pension technology capabilities

Majesco, a provider of cloud-native, AI-driven software for the P&C and L&AH insurance segments, has announced an agreement to acquire Vitech, a developer of cloud-based pension and benefits administration solutions. The transaction will e...

Posted: Nov 21, 2025

AM Best turns positive on AIG and its P&C subsidiaries

Credit rating agency AM Best has revised the outlooks of American International Group, Inc.’s (AIG) property/casualty (P&C) insurance subsidiaries (AIG PC) to positive from stable, while affirming the Financial Strength Rating (FSR) of A (Exce...

Posted: Nov 21, 2025

S&P expects continued expansion of PRT market

S&P Global Ratings anticipates that the transfer of pension risks to the life insurance industry will continue to grow over the next decade, noting that insurers’ robust capital buffers and prudent mortality assumptions are limiting downside r...

Posted: Nov 21, 2025