Reinsurance News
Reinsurance supply and demand in Greater China are well-balanced at the start of 2025, with reinsurance conditions at the April 1 renewals building on the favourable trends seen at 1.1, according to global insurance and reinsurance broker Aon. In...
Posted: Apr 04, 2025
SecurityScorecard has entered a strategic partnership with Willis, a WTW business, to enhance cyber risk quantification, improve insurance modelling, and strengthen security strategies for organisations globally. As part of the partnership, Securi...
Posted: Apr 04, 2025
Sherlyn Kok has joined Sompo Asia Pacific (APAC) as Vice President, Head of Compliance, a role based in Singapore. Reporting to Todd Corey, Executive Vice President, General Counsel, Asia Pacific, Kok will lead the regional and local-market compli...
Posted: Apr 04, 2025
Arundo Re, the French reinsurance company majority-owned by SMABTP, MACSF, and CCR, generated turnover of €1.361 billion in 2024, an increase of 15% year-on-year, as the company’s undiscounted combined ratio strengthened by 1.9 percentage po...
Posted: Apr 03, 2025
Despite cyber premium growth slowing in the past two years, Munich Re has suggested that global premium volume will more than double by 2030, growing at an average annual growth rate of more than 10%. According to estimates by the reinsurer, the g...
Posted: Apr 03, 2025
Global reinsurer Munich Re has announced the appointment of Florian Happ as the new Cyber Team Lead for Munich Re US. Happ has been with Munich Re for 16 years, having joined in 2009. During his tenure, he has held various underwriting roles, incl...
Posted: Apr 03, 2025
The Japanese cyber insurance market continues to grow, albeit at a slower pace compared to previous years, driven by the increasing number of policyholders, according to reinsurance broker Gallagher Re’s recent market analysis. Gallagher Re’...
Posted: Apr 03, 2025
Global advisory, broking, and solutions firm WTW has announced the appointment of Jody Yee as Head of Alternative Risk Transfer Solutions in the Americas. Yee will leverage his significant industry experience and a focus on developing innovative a...
Posted: Apr 03, 2025
K2 Insurance Services, an independent specialty insurance program manager, has launched K2 Cyber, a managing general agent (MGA) focused on SMB Cyber Insurance. K2 Cyber provides Intelligent Cyber Insurance, combining continuous risk engineering,...
Posted: Apr 03, 2025
Skyline Partners Ltd., a parametric outsourcing platform provider, has launched a joint project with the European Space Agency to utilise space assets and technology to efficiently provide parametric insurance products for drought and wildfire ris...
Posted: Apr 03, 2025
PwC has announced the appointment of Hugh Man as a Partner in its Corporate Finance team, based in the company’s London office. In his new role, Man will focus on M&A and capital raising in the insurance sector, further strengthening PwC’s est...
Posted: Apr 03, 2025
Analysts at KBW have indicated that insurers should be able to navigate any challenges arising from the recently announced U.S. tariffs, with industry players likely having ample time to request rate increases, which state regulators are generally...
Posted: Apr 03, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has promoted Greg Chambers and Caitlin Alpern within its Americas Cyber Insurance team. Chambers, who has 22 years of experience and has been with AXA X...
Posted: Apr 03, 2025
Morningstar DBRS, a provider of credit ratings, research, and risk analysis, highlights that global P&C reinsurers delivered strong profitability in 2024, driven by favourable underwriting conditions and solid investment income, but warns of p...
Posted: Apr 03, 2025
Global insurance and reinsurance broker Howden has appointed Brigitte Trafford to the newly created role of Group Chief Corporate Affairs Officer, effective immediately. In the role, Trafford will report directly to David Howden, the Chief Executi...
Posted: Apr 03, 2025
Specialty insurance platform Vivere Partners has secured $7.5 million in Series A funding, led by General Catalyst, Pathlight Ventures and Greenlight Re, to drive strategic expansion. The funding will also be used to recruit top underwriting talen...
Posted: Apr 03, 2025
Specialty Managing General Agents (MGAs) Nirvana and Pulse have announced plans to merge. Pulse specialises in non-standard Accident, Health, and Life insurance, offering coverage to individuals often declined by mainstream insurers. Nirvana under...
Posted: Apr 03, 2025
Global reinsurer Ariel Re has announced the appointment of Rohan Pai as Chief Financial Officer, effective April 1st, 2025. Based in Bermuda, Pai will oversee Ariel Re’s financial reporting and treasury functions, supporting the company’s growth a...
Posted: Apr 03, 2025
Data analytics and technology provider Verisk has acquired Nasdaq subsidiary Simplitium Limited, which owns and operates Nasdaq Risk Modelling for Catastrophes (NRMC). Verisk described NRMC as a SaaS platform fostering an open ecosystem where spec...
Posted: Apr 03, 2025
UK pension insurance specialist Rothesay has appointed Bruce Carnegie-Brown as independent Non-Executive Director and Chair Designate from 1st May 2025. Naguib Kheraj, who has served on Rothesay’s Board since 2014 and as Chair since 2018, will ste...
Posted: Apr 03, 2025
Brit Group Holdings Limited, the global specialty insurer and reinsurer, has appointed Jean-Jacques Henchoz as a Non-Executive Director to the boards of Brit Group Holdings Limited, and its Lloyd’s managing agent, Brit Syndicates Limited. The appo...
Posted: Apr 03, 2025
Bermuda-based global specialty insurer Ascot Group has announced the appointment of Xu Cheng as Group Head of Data Strategy & Insights. In her new role, Cheng will lead and build Ascot’s Group Data Office, overseeing the development and implem...
Posted: Apr 03, 2025
Marsh McLennan Agency (MMA), a division of Marsh and a provider of business insurance, employee benefits, retirement and wealth services, and private client insurance across the US and Canada, has acquired Arthur Hall Insurance, an insurance agenc...
Posted: Apr 03, 2025
American Coastal Insurance Corporation (ACIC), a property and casualty insurance holding company, has completed the sale of its personal lines subsidiary, Interboro Insurance Company, to Forza Insurance Holdings, LLC. ACIC first announced the sale...
Posted: Apr 03, 2025
MAIF (Mutuelle assurance des Instituteurs de France), a mutual insurer serving over four million households, associations, businesses, and communities across France, is enhancing its ability to assess and manage climate risks through Moody’s advan...
Posted: Apr 03, 2025