Reinsurance News
Specialist insurer Beazley has reported that its insurance written premiums reached $1.51 billion in Q1 2025, representing a 2% increase compared to the same period in 2024. Breaking down the Q1 2025 total, the Property Risks division contributed...
Posted: Apr 29, 2025
Sapiens International Corporation, a provider of software solutions for the insurance industry, has signed a definitive agreement to acquire AdvantageGo, a commercial re/insurance software provider, to enhance its global property and casualty (P&#...
Posted: Apr 29, 2025
Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Gabe Poppie as Strategic Growth Broker Leader and Brian Cummins as Customer & Broker Engagement Leader for the U.S. Northern Central region. Travis Bethune, Custome...
Posted: Apr 29, 2025
Insurance brokerage King Risk Partners has received a growth investment from Lightyear Capital, a New York-based private equity firm, The latest investment stands alongside existing shareholder BHMS Investments, LP (BHMS), which will roll a majori...
Posted: Apr 29, 2025
Renaissance Specialty Insurance (RSI), supported by Roosevelt Road Specialty, the MGU division of Roosevelt Road Capital Partners, announced that Jason Thrash has joined the company as a Senior Programme Underwriter. Thrash brings more than 18 yea...
Posted: Apr 29, 2025
Royal London, a UK mutual life, pensions, and investment provider, has completed an £85 million buy-in with The College of Law Pension and Assurance Scheme as part of its Bulk Purchase Annuity (BPA) business. This transaction, completed in March 2...
Posted: Apr 29, 2025
In 2024, despite the continued challenge of high catastrophe losses, US insurers in the property and casualty (P&C), life and annuity (L&A), and health sectors successfully exceeded their cost of capital, according to a recent report by cr...
Posted: Apr 28, 2025
Specialist global insurer Hiscox has announced the appointment of Phil Withey as Chief Technology Officer for Hiscox London Market. Based in London, Withey is to join the business in June, and will be reporting to Hiscox Group CIO Chris Loake and...
Posted: Apr 28, 2025
Reinsurance Group of America (RGA), a global life and health reinsurer, has announced the appointment of My Chi To as Executive Vice President (EVP), Chief Legal Officer, and Corporate Secretary, effective May 19th, 2025. To will succeed Bill Hutt...
Posted: Apr 28, 2025
CyberCube, a provider of cyber risk analytics, has partnered with specialist brokerage Galahad Risk Solutions to help small to medium-sized enterprises (SMEs) and middle-market organisations better understand and manage their cyber risk exposure....
Posted: Apr 28, 2025
Aon has announced new appointments within Reinsurance Solutions’ Client Services function to strengthen its client advocacy services amid increasing economic uncertainty. The new appointments, Steve Clark, Ann Field, Matt Moore, and David Griffith...
Posted: Apr 28, 2025
The Insurance Development Forum (IDF) Risk Modelling Steering Group (RMSG) has launched a new IDF web page that houses a suite of free, open access risk modelling tools for climate and disaster risk analysis. IDF stated: “Designed to advance clima...
Posted: Apr 28, 2025
Kevin O’Donnell, President and CEO of RenaissanceRe, stated that the current level of rate established in the reinsurance market is not going to trend down, affirming that there is no indication that the market is returning to pre-23 levels....
Posted: Apr 28, 2025
Carbon Underwriting Limited, a specialist independent managing general underwriter and Lloyd’s syndicate, has announced the retirement of Co-Founder and CEO Nicholas (Nick) Tye due to health reasons. After being diagnosed with progressive multiple...
Posted: Apr 28, 2025
The Hong Kong Insurance Authority (IA) has released provisional insurance and reinsurance market statistics for 2024, reporting a total of $637.8 billion in gross premiums for the year, a notable increase compared to the $549.7 billion reported fo...
Posted: Apr 28, 2025
Rokstone, a global specialty re/insurance managing general agent (MGA) and part of the Aventum Group, has announced the appointment of Eddie Hughes as its new Head of Specialty Reinsurance. Leveraging his two decades of industry experience, Hughes...
Posted: Apr 28, 2025
VDE Americas, a provider of technical advisory and risk mitigation for the solar power industry, has partnered with climate insurance provider kWh Analytics to launch a new assessment form that evaluates solar site hail vulnerability and protectiv...
Posted: Apr 28, 2025
Zurich-domiciled catastrophe insurance data provider, PERILS, has upped the industry loss in its second estimate for extratropical windstorm “Éowyn”, also known as “Gilles”, at €696 million from €619 million in March. The loss estimate covers the...
Posted: Apr 28, 2025
Bermuda-domiciled global re/insurer for energy markets, Everen Specialty, has appointed Carla Greaves as its Chief Underwriting Officer (CUO). She succeeds Jane Peterson, Interim CUO, who will continue in a consultancy capacity to facilitate the t...
Posted: Apr 28, 2025
ARC Ltd and Klapton Re have signed a Memorandum of Understanding (MoU) to establish a new partnership aimed at strengthening climate risk protection across Africa. Under the MoU, the two firms will reportedly co-develop and roll out new insurance...
Posted: Apr 28, 2025
Chaucer Group, the specialty re/insurance business, has announced the appointments of Emma Brown and Andy Cleair as Class Underwriters within its International Property division. Both are based in London and report directly to Mel Smart, Head of I...
Posted: Apr 28, 2025
Trium Cyber, the authorised service company for Syndicate 1322 at Lloyd’s, has developed in collaboration with HITRUST, an innovative approach to more accurately quantify risk by combining actuarial science with third-party security certification....
Posted: Apr 28, 2025
AM Best has revised the outlook of Siriuspoint’s rated operating subsidiaries to positive from stable, citing the firm’s consolidated balance sheet strength, operating performance, neutral business profile, and appropriate enterprise r...
Posted: Apr 28, 2025
A recent survey by the Lloyd’s Market Association (LMA) found that 40% of London market firms are actively using AI tools in some areas or have even widely integrated them into their workflows; however, AI adoption still faces significant barriers...
Posted: Apr 28, 2025
Ping An Insurance Company of China has announced its first quarter financial results, reporting that its property & casualty (P&C) segment maintained steady insurance business growth and good business quality. The P&C sector demonstrat...
Posted: Apr 28, 2025