Reinsurance News
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has strengthened its Indian Branch with the appointments of Saurabh Bhootara, Priya Manchanda, Vinod Kumar, Saumitra Sharma, and Akash Jain in Mumbai. T...
Posted: May 15, 2025
Conduit Re, a Bermuda-based reinsurer specialising in property, casualty, and specialty lines, has made some notable changes to its outward reinsurance strategy, aiming to better shield its portfolio from increasingly volatile secondary perils suc...
Posted: May 15, 2025
Reinsurance broker Gallagher Re has announced the appointment of Henrik Hoppendorff as Senior Facultative Broker, EMEA. Based in Stockholm, Hoppendorff will be working within the Nordic team, but also serving the broader EMEA region. His 14 years...
Posted: May 15, 2025
British insurer Aviva has reported general insurance (GI) premium growth of 9% to £2.9 billion in the first quarter of 2025, compared to £2.7 billion in the comparative prior year quarter. Country-wise, UK&I GI premiums grew by 12% to £2 billi...
Posted: May 15, 2025
Insurance Advisory Partners (IAP), the specialised investment bank focused exclusively on insurance, insurance services, and the insurtech industry, has announced the appointment of Benjamin James as Partner in the firm’s London office, effective...
Posted: May 15, 2025
Despite significant large loss payments, Talanx generated group net income of €604 million in Q1 2025, the strongest quarterly result in its history, highlighting its robust position with a balanced mix of Primary Insurance and Reinsurance. Accord...
Posted: May 15, 2025
Starwind Specialty Insurance Services, a CRC Group company, has expanded its underwriting expertise with the launch of four new insurance programs: Starwind Environmental, Starwind PVT (Political Violence & Terrorism), Starwind Equipment, and...
Posted: May 15, 2025
WTW, an advisory, broking, and solutions firm, has expanded Luke Ware’s role to include serving as Head of Asia, effective immediately. He currently serves as the Head of Corporate Risk & Broking, Asia. In his new dual capacity, Ware wil...
Posted: May 15, 2025
Allianz has reported a record operating profit of €4.2 billion for Q1 2025, marking a 6.3% increase from Q1 2024, keeping the firm on track to meet its full-year operating profit target of €16 billion. The Property & Casualty (P&C) segment...
Posted: May 15, 2025
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited has reported a net loss of $42.5 million and a higher combined ratio of 115.6% for the first quarter of 2025, as catastrophe losses, driven by the California wildfires, dented...
Posted: May 15, 2025
AM Best, a credit rating agency, has released a new report showing continued growth in the premiums generated by non-admitted insurers within the US surplus lines market. This rise in premiums highlights significant opportunities spurred by ongoin...
Posted: May 15, 2025
Aon, the global insurance and reinsurance broking group, has appointed Lambros Lambrou as its Chief Strategy Officer, where he will be responsible for key Aon Executive Committee initiatives, effective immediately. Aon explains that these initiati...
Posted: May 15, 2025
Markel Insurance, the insurance arm of Markel Group Inc., has strengthened its International War and Terrorism unit in the US with the appointment of Joshua Watson as Senior Underwriter and Bridget Canderelli as Underwriting Support Specialist. Th...
Posted: May 15, 2025
Four brokerage firms, Aon Polska, GrECo Polska, Marsh, and Smartt Re, are to support Poland’s state-owned SPV Polskie Elektrownie Jadrowe (PEJ) in the purchase of insurance for the country’s first nuclear project in Pomerania, among other op...
Posted: May 15, 2025
As the re/insurance market enters into a more competitive phase, it presents Conduit Re with an opportunity to deploy more capacity into casualty risks, Neil Eckert, who was recently appointed as the company’s new CEO, highlighted during the reins...
Posted: May 14, 2025
Property and Casualty insurer Skyward Specialty Insurance Group Inc. has appointed Corey LaFlamme as President, Captives & Specialty Programs, as Kirby Hill becomes Chairman of the segment. The appointment of LaFlamme aligns with the company’s...
Posted: May 14, 2025
S&P Global Ratings has affirmed Bermuda’s long-term sovereign credit rating at ‘A+’ and its short-term rating at ‘A-1’, with a stable outlook. This reflects expectations of a steady macroeconomic environment underpinned...
Posted: May 14, 2025
Canada Life Reinsurance, part of Canadian headquartered international financial services holding company, Great-West Lifeco, experienced robust year on year growth in the first quarter of 2025 and also reduced its exposure to weather-related catas...
Posted: May 14, 2025
Alliant Insurance Services has announced the appointment of reinsurance expert Dan Powers as Senior Vice President within the Value-Based Healthcare and Risk Management Solutions practice of Alliant’s Employee Benefits Group. Bringing over 20 year...
Posted: May 14, 2025
Cyber risk solutions company Resilience has launched Cyber Risk Calculator, an AI-powered tool that translates cyber risk into financial terms to provide security and risk practitioners, as well as C-Suite executives, with a common, data-driven la...
Posted: May 14, 2025
S&P Global Ratings has lowered State Farm General Insurance’s (SFGI) financial strength and issuer credit ratings to ‘A+’ from ‘AA’, citing a significant deterioration in the company’s capital regulatory solvency ratios...
Posted: May 14, 2025
CLARA Analytics, an AI-driven solutions provider for the insurance industry, has rolled out advanced subrogation detection features in its flagship product, CLARA Triage, aimed at helping insurers recover significant funds lost through overlooked...
Posted: May 14, 2025
Bermuda-domiciled legacy reinsurer Compre Group Holdings Limited has completed an insurance business transfer of a portfolio of European casualty and motor liabilities from Ethias S.A. (Ethias). The transfer follows a prior Ethias Loss Portfolio T...
Posted: May 14, 2025
New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has announced the promotion of George Schulz to Chief Executive Officer (CEO), effective June 1. Schulz will be succeeding out...
Posted: May 14, 2025
Cyber insurance is progressing toward maturity, but key challenges remain, according to insights shared during a recent webinar hosted by S&P Global Ratings, a provider of credit ratings, research, and risk analysis. During the session, titled...
Posted: May 14, 2025