Reinsurance News
Willis, a WTW business, has appointed Brian Vosloh as Head of Cyber for the Europe, the Middle East and Africa (EMEA) region. The broker continues to invest in cyber as it rises to one of the top risks facing businesses. The appointment strengthen...
Posted: May 14, 2025
Bermuda-domiciled global specialty re/insurer Ascot Group has priced the offering of $350 million aggregate principal amount of 6.349% fixed-rate reset senior notes due in 2035, as the carrier looks to be more financially flexible. The senior note...
Posted: May 14, 2025
The Financial Conduct Authority (FCA) has announced plans to remove outdated or duplicate requirements from its insurance rulebook, aiming to reduce costs and improve access for businesses and consumers who rely on insurance to manage risk, while...
Posted: May 14, 2025
Westfield Specialty International, the London-based specialty insurance arm of Westfield, has expanded its offshore energy team with the appointment of Michael Poulteney as Class Underwriter and Manraj Kailia as Senior Underwriter. Poulteney and K...
Posted: May 14, 2025
Bermuda-based Conduit Re has reported gross premiums written of $410.2 million for Q1 2025, marking a 15% increase over Q1 2024, with growth achieved across all three of its segments. Of the total Q1 2025 premium, the Property segment contributed...
Posted: May 14, 2025
Bay Harbor Re, a provider of reinsurance solutions for the US property and casualty market, has announced the appointment of José Olivares as Sr. Treaty Underwriter, effective June 30, 2025. Olivares brings 15 years of insurance and reinsurance ex...
Posted: May 14, 2025
DUAL’s Climate Risk & Resilience team has launched two new products, designed to provide insurance to owners and investors to protect the value of their assets and unlock finance during the transition to a sustainable economy. Both DUAL Energy...
Posted: May 14, 2025
CHL, the ultimate parent company of multi-line Bermuda-domiciled reinsurer, Conduit Re, has appointed Neil Eckert as its new Chief Executive Officer (CEO), effective immediately, subject to Bermuda immigration approval. Eckert has been acting as C...
Posted: May 14, 2025
Following a successful underwriting launch at January 1, 2025, global reinsurance company Oak Re has made a number of new appointments as it strengthens its team. The most recent appointments include Tom Dickson as President, Innovation Strategies...
Posted: May 14, 2025
As extreme weather events and related losses increase around the world, the Geneva Association calls for action to safeguard the availability and affordability of home insurance, particularly in advanced economies. In its recent report, ‘Safeguard...
Posted: May 14, 2025
AM Best, the credit rating agency, has reaffirmed its stable outlook for the insurance markets of the Gulf Cooperation Council (GCC), which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). In its latest repo...
Posted: May 14, 2025
Aon, the global insurance and reinsurance broking group, has disclosed that the insurance industry was buyer-friendly throughout the first quarter of 2025, providing much-needed stability. The broker explained that the moderate market conditions i...
Posted: May 13, 2025
Specialty insurer and reinsurer, Vantage Group Holdings Ltd., has appointed Steve Fales as Senior Vice President (SVP), Investor Relations, effective immediately. In the role, he reports to Chris McKeown, Chief Executive, Reinsurance, insurance-li...
Posted: May 13, 2025
mea Platform, a GenAI-powered global platform that aims to simplify insurance processes, has appointed former Chief Executive Officer (CEO) of XL Group (now AXA XL), Mike McGavick, as Board Chairman and Strategic Advisor to drive growth. McGavick...
Posted: May 13, 2025
Ambac Financial Group, Inc., an insurance holding company, has reported a 27% growth in total revenue from continuing property and casualty (P&C) operations for the first quarter of 2025 to $63 million, alongside total P&C premium producti...
Posted: May 13, 2025
Insurtech wefox has agreed to sell 100% of the shares in its Italian companies wefox MGA S.r.l. and wefox Services Italy S.r.l., to funds managed by J.C. Flowers & Co., a global private investment firm investing in the financial services indus...
Posted: May 13, 2025
Brazilian reinsurer IRB (Re) has announced its financial results for the first quarter of 2025, reporting net income increase of 50%, to R$118.6m (approximately US$20.89m), despite a 13.34% decrease in total written premiums, which stood at R$1,24...
Posted: May 13, 2025
Bevis Tetlow, CEO of Imaginera, has suggested that the company is positioning itself as the leading provider of services and software, focused on the big-ticket insurance and reinsurance market, highlighting its deep understanding of market proces...
Posted: May 13, 2025
A new report from the Swiss Re Institute has revealed that global insured losses reached $146 billion in 2024, up from $125 billion in 2023 and significantly exceeding the 10-year average of $108 billion. Natural catastrophes accounted for $137 bi...
Posted: May 13, 2025
Christoph Jurecka, Chief Financial Officer (CFO) of global reinsurance company Munich Re, said today that while it’s still early days, the firm is optimistic ahead of the key mid-year reinsurance renewals as pricing remains attractive despit...
Posted: May 13, 2025
Mark Newman, Chief Executive Officer of Canopius UK and Canopius Managing Agents, has joined the Lloyd’s Market Association (LMA) board as Kate Roy, Group Chief Operating Officer of Canopius, has stepped down. Newman has served as Canopius UK CEO...
Posted: May 13, 2025
Sven Althoff, Executive Board Member for Property & Casualty at Hannover Re, has indicated that the upcoming mid-year renewals are expected to mirror the outcomes seen on January 1 and April 1, particularly with continued softening in property...
Posted: May 13, 2025
Zurich Singapore, part of the global insurance group, has strengthened its Commercial Insurance business segment with the appointment of Christy Yeo as Head of Property and Wendy Ong as Head of Financial Lines. The pair will report to Alexandra Co...
Posted: May 13, 2025
Willis, a WTW business, has launched FinTech Plus, an insurance solution for FinTech firms navigating scale, complexity, and regulatory evolution globally. The unified solution aims to address the financial risk landscape, which includes options f...
Posted: May 13, 2025
Reinsurance broker Gallagher Re has appointed Satoshi Yamazaki, who has worked in reinsurance hubs in London, Bermuda, Zurich, and Singapore, as a Senior Manager, based in Tokyo. Yamazaki joins the broker after almost eight years with reinsurer Sw...
Posted: May 13, 2025