Reinsurance News
MSIG USA, an insurance subsidiary under MSIG Holdings, has appointed Kent Ziegler as Chief Financial Officer (CFO) and Chief Administrative Officer, reporting to Chief Executive Officer, Peter McKenna. Ziegler takes on oversight of all aspects of...
Posted: May 21, 2025
Global life insurance group Resolution Life has entered into a reinsurance agreement with Tokio Marine & Nichido Life Insurance Co. Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings, its first block transaction...
Posted: May 21, 2025
Converge Insurance, a company specialising in cyber risk management and underwriting, has announced the appointment of David Kimmel as its new Chief Financial Officer. Kimmel is joining the company with over 35 years of experience across insurance...
Posted: May 21, 2025
Insurance broker Marsh has announced the launch of its Data Centre Insurance and Risk Management Services, to support global clients across data centre and digital infrastructure lifecycle to safeguard critical assets. This new offering has been d...
Posted: May 21, 2025
Jon Kattman has been appointed Head of Inland Marine at Aspen Insurance, where he will lead the underwriting team, overseeing its strategy and risk management operations. Kattman, who holds over 14 years of dedicated underwriting experience, has s...
Posted: May 21, 2025
In what is currently regarded as the costliest severe weather event of 2025, a widespread tornado outbreak across the U.S. Midwest and Southeast has resulted in substantial economic and insured losses, with Cotality estimating that approximately 6...
Posted: May 21, 2025
Insurance Europe supports the European Insurance and Occupational Pensions Authority (EIOPA)’s draft AI Opinion for providing clarity on applying existing insurance legislation to AI systems; however, it warns that the current draft may unintentio...
Posted: May 21, 2025
Data analytics and technology provider Verisk has revealed that Christopher J. Perry and Sabra R. Purtill have been elected to the company’s Board of Directors, effective immediately. Perry, who has over 25 years of experience in banking, brokerag...
Posted: May 21, 2025
Third Point LLC, the New York based alternative asset manager, has proposed an all-share combination with Malibu Life Reinsurance SPC, a Cayman Islands-based life and annuity reinsurance platform launched by Third Point in May 2024. The proposed t...
Posted: May 21, 2025
Global fintech Acrisure has entered into a definitive agreement for the issuance of new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital. These funds will be used to refinance a portion of its existing non-con...
Posted: May 21, 2025
Jo Williams, a seasoned leader in property catastrophe and risk modelling, has been appointed as the new Head of Insurance Sales at Reask, a science and technology company focusing on extreme weather modelling. Williams’ extensive experience...
Posted: May 21, 2025
Ryan Specialty, an international specialty insurance firm, has acquired 360° Underwriting, a managing general underwriter (MGU) specialising in commercial construction. 360, founded in 2027 and based in Dublin and Galway, Ireland, will become a pa...
Posted: May 21, 2025
Roots, a provider of AI-powered solutions for the insurance industry, has announced the appointment of Robin Spaulding as Head of Insurance. In this role, Spaulding will lead the ongoing development of Roots’ insurance capabilities, focusing on he...
Posted: May 21, 2025
Although the property and casualty (P&C) operations of reinsurers Munich Re, Swiss Re, Hannover Re, and SCOR were hit by elevated large loss costs in the first quarter of 2025, driven by the historic Los Angeles wildfires, analysts at Fitch Ra...
Posted: May 20, 2025
Global reinsurer Hannover Re has announced the appointment of Vincent Hermenier as Managing Director. He will be taking over the role from Sigrid Klass, who will be retiring from the company June 30, 2025 after more than 35 years of service. As MD...
Posted: May 20, 2025
The Cyclone Reinsurance Pool, a reinsurance arrangement between insurers and Australian Reinsurance Pool Corporation (ARPC), has significantly reduced insurance premiums and improved insurance availability for Australians living in cyclone-prone a...
Posted: May 20, 2025
Global insurer and reinsurer Everest Group has announced the appointment of Darryl Page as an independent, non-executive member of its Board of Directors. Page currently serves as a Trustee, Treasurer, and Chair-Elect on the Board of the Dominican...
Posted: May 20, 2025
The Insurance Information Institute (Triple-I) has released its latest wildfire Issues Brief, revealing a significant rise in wildfire risk across all regions of the United States. Data from the National Interagency Coordination Center (NICC) show...
Posted: May 20, 2025
Willis, a WTW business, has announced the appointment of Grant Williamson as Canada leader within the Corporate Risk and Broking (CRB) business. Based in Toronto, Williamson will leverage his two decades of industry experience to drive the Canadia...
Posted: May 20, 2025
The Deutsche Rück Group reported a strong performance for the 2024 financial year, with gross premiums written increasing across all business segments, up 18.3% year-over-year to approximately €2.1 billion. According to the firm, this growth was d...
Posted: May 20, 2025
Origin Specialty, a partner company of Beyond Risk, is combining its deep expertise in hospitality underwriting with Emerald Bay’s strong financial backing and collaborative approach for the launch of a new Specialty Property Insurance Program. Ta...
Posted: May 20, 2025
Marsh, an insurance broker and risk advisor within Marsh McLennan, has been appointed by the Australian Government to the Maritime Insurance Program (MIP), which encompasses all aspects of the country’s naval shipbuilding, sustainment, and moderni...
Posted: May 20, 2025
Tokio Marine Holdings has announced its full year 2024 financial results for its International business, reporting JPY 428.4 million in profits, a 2% decrease compared to 2023’s JPY 436.9 million. According to the firm, the decrease was mainly due...
Posted: May 20, 2025
Global insurer and reinsurer MS Amlin Underwriting Limited (MS AUL) has reported a net income of £149 million for the full year 2024, representing a reduction of £47 million compared to the £197 million recorded the year prior. The company attribu...
Posted: May 20, 2025
A new report from Howden has revealed that the European agriculture sector loses an average of €28 billion annually due to adverse weather, with farmers bearing 70–80% of all weather-related farm losses, highlighting a significant insurance protec...
Posted: May 20, 2025