Reinsurance News
AM Best, a credit rating agency and provider of financial data and analysis for the insurance industry, reports that insurers offering directors and officers (D&O) liability coverage in the US recorded their most favourable loss experience in...
Posted: May 20, 2025
MS Reinsurance (MS Re), a Switzerland-domiciled global reinsurer, has reported growth of 17.6% in gross written premiums (GWP) to $3.6 billion for full year 2024, up from $3.1 billion in 2023, driven by top line growth in a favourable market envir...
Posted: May 20, 2025
MarshBerry, a global M&A and investment advisor for insurance brokers, Managing General Agents (MGAs) and wealth management firms, continues its European growth strategy with the establishment of a presence in Germany, Austria, and Switzerland...
Posted: May 20, 2025
Sompo International has reported an adjusted profit of $1.38 billion for the 2024 financial year (FY2024), an increase of $230 million year-over-year, driven by robust top-line growth, reduced adverse prior-year development, and higher net investm...
Posted: May 20, 2025
Commercial and specialty lines insurer HDI Global has announced the appointment of Phil McDowell as Global Sales & Distribution Lead for International Programmes and Captives. Based in London, McDowell will work within the global International...
Posted: May 20, 2025
Vincent J. Gaffigan has been appointed U.S. Market Strategy and Engagement Group Leader at Lockton, reporting to Devin Beresheim, Lockton U.S. Risk Solutions Leader. Gaffigan will leverage his 35 years in the industry to strengthen the company’s d...
Posted: May 20, 2025
Bermuda-domiciled insurer and reinsurer Hamilton Insurance Group has appointed David Priebe and Karen Green to its Board of Directors, effective May 15th, 2025. Simultaneously, long-standing Director, Bill Freda, who has served on the Board since...
Posted: May 20, 2025
The broader property and casualty (P&C) insurance trend is expected to remain steady through 2025, with personal lines and brokers likely leading on the earnings growth front, however, sector valuations are becoming less attractive as earnings...
Posted: May 20, 2025
Zurich Insurance Asia Pacific has announced the appointment of Theo Pitsikas as Head of SME APAC, in which he will be responsible for leading efforts across Asia Pacific markets to strengthen the group’s presence within the Small to Medium Size En...
Posted: May 20, 2025
Global insurance and reinsurance broker Aon has expanded its reinsurance casualty collaboration with Moody’s Insurance Solutions into commercial risk. Building on the initial success in casualty reinsurance, the collaboration will now delive...
Posted: May 19, 2025
Global insurer Chubb has announced the appointment of Tim Boroughs as Vice Chairman, Chubb Group and Executive Chairman, Asset Management, and the promotion of Chris Hogan to Senior Vice President, Chubb Group and Chief Investment Officer. Chubb C...
Posted: May 19, 2025
April investments in four Chinese insurers by foreign shareholders signals growing international appetite in the country’s re/insurance industry, media group Yicai Global highlighted in a recent publication. This group includes four local insurers...
Posted: May 19, 2025
Global insurance and reinsurance broker Aon has appointed Neil Maynard as Chief Broking Officer, Aviation, for its London-based Global Broking Centre. Based in London, Maynard will report to Alex Gibson, Transportation and Logistics Leader, and Tr...
Posted: May 19, 2025
Vienna Insurance Group (VIG) has submitted a bid to acquire 80% of the shares of MOLDASIG S.A. (Moldasig) following an invitation from the Government of the Republic of Moldova. The transaction aims to increase stability and excellence in risk pro...
Posted: May 19, 2025
Motion Specialty has been approved as a Lloyd’s of London coverholder, having been founded by Dan Alpay and Alex Kickham with the support of wholesale US broker Johnson and Johnson, and writing on behalf of Lloyd’s Syndicate 1301, managed by Inigo...
Posted: May 19, 2025
After a “fantastic” 2024 underpinned by a progressive global buildout and impressive year-on-year growth across all key metrics, Andy Creed, Group Chief Financial Officer (CFO) and UK CEO of legacy acquirer RiverStone International, is “very posit...
Posted: May 19, 2025
Canopius Group, a global specialty and P&C insurer and reinsurer, has appointed Chen Zhang as Head of Claims and Channing Chiu to a newly created role of Regional Strategy and Transformation Lead in its Asia Pacific (APAC) leadership team. Zha...
Posted: May 19, 2025
KISTERS has launched HailSens360 across Europe, combining real-time hail sensors with hyperlocal forecasts and nowcast alerts to protect solar, crops, and insured assets. According to KISTERS, HailSens360 brings together advanced hail detection, h...
Posted: May 19, 2025
Concert Group Holdings (Concert), a privately owned insurance holding company, has appointed Charles Slatery as Chair of the Group, and industry veteran Matthew Adams as an Independent Non-Executive Director to the Board. Slatery is currently the...
Posted: May 19, 2025
Google Cloud has expanded its Risk Protection Program (RPP) to more than 30 markets across EMEA and has added new cyber insurance partners, Beazley and Chubb, alongside founding partner Munich Re. Google Cloud’s RPP is said to blend cloud se...
Posted: May 19, 2025
CyberCube, a provider of cyber risk analytics, has partnered with US insurer Aviva to harness artificial intelligence (AI) for cyber threat actor intelligence. This partnership will see Aviva use CyberCube’s ‘Portfolio Threat Actor Intelligence’ s...
Posted: May 19, 2025
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual Insurance Group, has partnered with XS Latam and SFA CEBAR to launch a parametric agriculture product designed to financially protect Colombian farmers against adverse clima...
Posted: May 19, 2025
Life and health reinsurer Pacific Life Re has appointed Kenichi Kim as Head of South Korea, overseeing its growth and operations in the region. Kim brings over 15 years of experience in financial services and reinsurance, having held roles across...
Posted: May 19, 2025
AM Best, the credit rating agency, is maintaining its stable outlook for Japan’s non-life insurance industry, reflecting improved underwriting fundamentals, especially in the fire insurance segment, and the positive impact of stronger regulatory o...
Posted: May 19, 2025
Launch Underwriters, a Managing General Agent (MGA), has appointed Dennis Sparks as its new Chief Executive Officer (CEO), effective May 5th, 2025. Alongside this, Erik W. Matson will now serve as Executive Chairman. In the new role, Sparks aims t...
Posted: May 19, 2025