Reinsurance News

AXA proposes renewal of CEO Thomas Buberl’s mandate in 2026

Large French insurer AXA’s Board of Directors has proposed the renewal of Thomas Buberl’s mandate as a director and intends to reappoint him as the company’s Chief Executive Officer (CEO). Buberl has served as CEO and Director of AXA s...

Posted: Apr 23, 2025

Chubb ‘mindful’ of potential tariff impacts on short tail lines: CEO Greenberg

Evan Greenberg, Chief Executive Officer (CEO) of large US insurer Chubb, said today that with much uncertainty surrounding tariffs and inflation, the company is watching closely for potential impacts on short tail lines of business. “I don&#...

Posted: Apr 23, 2025

Helvetia and Baloise merger to create major Swiss insurance group

Swiss composite insurance groups, Helvetia and Baloise have announced their intention to join forces in a merger of equals, proposing the formation of “Helvetia Baloise Holding Ltd”. The proposed entity will create the second-largest i...

Posted: Apr 23, 2025

ZestyAI expands access to insurance coverage with AI-powered risk analytics

ZestyAI, a provider of AI-driven insurance risk analytics, played a key role in helping carriers and insurers of last resort extend coverage to over 511,000 properties previously considered uninsurable in 2024. In the coming year, the company aims...

Posted: Apr 23, 2025

Novacore launches as independent insurer to transform specialty market

As part of the continued evolution of NSM Insurance Group, Novacore has been launched as an independent specialty insurance provider, leveraging advanced technology, automation, and analytics to drive performance, fuel growth, and transform niche...

Posted: Apr 23, 2025

Global Parametrics becomes coverholder to Canopius Lloyd’s Syndicate 4444

Global Parametrics, part of the CelsiusPro Group, and Canopius, an international specialty lines and P&C re/insurer, have announced the signing of a Lloyd’s syndicate coverholder partnership. Under this collaboration, Global Parametric becomes...

Posted: Apr 23, 2025

DXC Technology hires industry leader William Pieroni

Global technology services provider DXC Technology has appointed William Pieroni as Global Strategy and Growth Leader for Insurance Software & Business Process Services (BPS). Pieroni holds more than 25 years of experience, having most recentl...

Posted: Apr 23, 2025

Amphitrite expands Marine War offering with $40m Lloyd’s capacity

Amphitrite Underwriting London, a marine specialist managing general agent (MGA), has expanded its Marine War offering with an additional $40m in Lloyd’s capacity. The added capacity provides brokers and clients with more options and extends the r...

Posted: Apr 23, 2025

CRC Group appoints Aon’s Todd Jones as Chief Growth Officer

CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointment of Todd Jones as Chief Growth Officer, effective June 2025. In this role, Jones will lead CRC Group’s strategic initiatives aimed at drivi...

Posted: Apr 23, 2025

Accelerant adds QBE and Tokio Marine America to Risk Exchange

Accelerant, a services and data platform for the specialty insurance market, has announced the addition of QBE and Tokio Marine America to its Accelerant Risk Exchange, significantly enhancing the platform’s capabilities and reach. Accelerant’s Ri...

Posted: Apr 23, 2025

Goosehead Insurance appoints Bill Wade to its Board of Directors

Goosehead Insurance, a personal lines insurance distribution, has announced the appointment of Bill Wade to its Board of Directors, to help drive the company’s technology-driven expansion. Wade will leverage his deep expertise in leveraging emergi...

Posted: Apr 23, 2025

Swiss Re CorSo to close Hong Kong office as part of operational streamlining

As part of its ongoing efforts to optimise operations, Swiss Re Corporate Solutions has made a strategic decision to consolidate services for Chinese corporations within its mainland China offices. With this in mind, Swiss Re CorSo has noted it wi...

Posted: Apr 23, 2025

Arundo Re joins open-source cat modelling platform Oasis LMF

Open-source catastrophe modelling platform, Oasis Loss Modelling Framework, has expanded across Europe through a series of new partnerships, model innovations, and industry collaborations. Namely, Oasis LMF has welcomed Arundo Re as its newest mem...

Posted: Apr 23, 2025

Chaucer and Armilla launch new AI liability insurance product

Chaucer Group, a global specialty insurance and reinsurance group, has partnered with Armilla AI, a provider of specialised insurance and risk management solutions for AI, to launch a new standalone third-party liability (TPL) insurance product. T...

Posted: Apr 23, 2025

Xceedance names Gavin Lillywhite Operating Leader UKI and Europe

Xceedance, a global provider of technology and digital solutions, has announced the appointment of Gavin Lillywhite as SVP, Operating Leader UKI and Europe. Lillywhite’s three decades of international experience in the London, Lloyd’s,...

Posted: Apr 23, 2025

Chubb’s Q1’25 net income down 37% amid $1.5bn LA wildfire loss

Global insurer Chubb has announced its financial results for the first quarter of 2025, reporting a net income of $1.33 billion, impacted by total pre-tax net catastrophe losses of $1.64 billion, which includes $1.47 billion from the California wi...

Posted: Apr 23, 2025

Brit appoints Jonathan Mudd as Active Underwriter for Syndicate 2988

Brit Group Holdings Limited has appointed Jonathan Mudd as Active Underwriter for Syndicate 2988. Mudd, who joined Brit in 2003, currently serves as Managing Director for FinPro and Cyber. He will retain this position alongside his new responsibil...

Posted: Apr 23, 2025

PERILS estimates Cyclone Alfred insurance losses at AUD 2.57bn

Zurich-based catastrophe insurance data provider PERILS AG has issued its initial industry loss estimate for Cyclone Alfred, placing the total insurance market loss at AUD 2.568 billion. For those unaware, Cyclone Alfred impacted the Australian st...

Posted: Apr 23, 2025

Guidewire announces $60m investment to advance growth and modernisation in Japan

Guidewire, a provider of cloud-based platform solutions for property and casualty (P&C) insurers, has announced a $60 million investment over the next five years to expand its footprint in Japan and accelerate the development of capabilities t...

Posted: Apr 23, 2025

SCOR appoints Philipp Rüede as CEO of L&H

French reinsurer SCOR has appointed Philipp Rüede as the Chief Executive Officer (CEO) of its Life & Health (L&H) division and a member of the Executive Committee, effective June 1st, 2025. He succeeds Frieder Knüpling, who stepped down in...

Posted: Apr 23, 2025

The reinsurance pie in India will increase: Azeem Kanjiani, Prudent Insurance Brokers

Insurance companies in India continue to grow and as the primary market expands, insured sizes are on the rise, driving more and more mega and ultra mega insurance policies in the country, all of which suggests growth for India’s reinsurance...

Posted: Apr 23, 2025

Polo Managing Agency appoints Gordon Reid as Operational & New Business Manager

Gordon Reid is joining Polo Managing Agency as Operational & New Business Manager to reinforce the company’s continued growth and deepening of its Lloyd’s market expertise. In his new role, Reid will have operational and new business res...

Posted: Apr 23, 2025

SCR rebrands as Atlantic Re to strengthen presence across Africa

Société Centrale de Réassurance (SCR) has officially rebranded as Atlantic Re as part of its dynamic strategic transformation aimed at strengthening its position in Morocco and accelerating its influence across the African continent. Since its est...

Posted: Apr 23, 2025

Willis names Anant Pawar as Aviation & Space Leader for India

Willis, part of global insurance broker WTW, has appointed Anant Pawar as the Aviation & Space Leader for India, effective immediately. In this new role, Pawar will be responsible for providing strategic insurance broking solutions and special...

Posted: Apr 23, 2025

Chubb names Janene Blizzard as Head of A&H, APAC

Global insurer Chubb has appointed Janene Blizzard as the Head of Accident & Health (A&H) for Asia Pacific (APAC), effective June 1st, 2025, based in Singapore. Blizzard will report to Marcos Gunn, Regional President, Asia Pacific, with a...

Posted: Apr 22, 2025