Reinsurance News

RLI Corp. promotes Cathy Martin to Vice President, E&S Excess Liability

Specialty insurer RLI Corp. has promoted Cathy Martin to Vice President, Excess and Surplus (E&S) Excess Liability. In her new role, Martin will lead RLI’s E&S Excess Liability business and also co-lead the RLI E&S Casualty Brokerage G...

Posted: Oct 23, 2025

Jaguar Land Rover attack most economically damaging cyber event to hit UK: CMC

The Cyber Monitoring Centre (CMC) has disclosed that the recent cyberattack targeting Jaguar Land Rover (JLR) inflicted an estimated £1.9 billion in financial damage across the UK and disrupted more than 5,000 organisations, marking the most econo...

Posted: Oct 23, 2025

Novatae Risk Group hires Kimberly Jenkins as COO

Novatae Risk Group, a wholesale insurance brokerage, managing general agency, and program manager, has appointed Kimberly Jenkins as its new Chief Operating Officer (COO). In this role, Jenkins will oversee Novatae’s operations and business...

Posted: Oct 23, 2025

Starr authorised to offer re/insurance and establish branch office in GIFT City, India

Starr, an insurance and investment organisation, has announced that it has obtained registration from the International Financial Services Centres Authority (IFSCA) to establish a branch office in the Gujarat International Finance Tec-City (GIFT C...

Posted: Oct 23, 2025

Linda Ng appointed Head of Property & Multi-Lines for Sompo Insurance Singapore

Sompo Asia Pacific has announced the appointment of Linda Ng as Head of Property & Multi-Lines, Sompo Insurance Singapore, effective immediately. Based in Singapore, NG will report directly to Li Lian Soong, Head of Property, Asia Pacific (APA...

Posted: Oct 23, 2025

Member experience key to insurer selection in pension buy-ins and buy-outs: Hymans Robertson

As the pension risk transfer market evolves and grows increasingly competitive, member experience has become a defining factor for trustees when selecting insurers for buy-in and buy-out transactions, according to pensions and financial services c...

Posted: Oct 22, 2025

Guy Carpenter welcomes Katsuras as Managing Director

Gus Katsuras has joined risk and reinsurance advisory firm Guy Carpenter as a Managing Director, based in Toronto. Katsuras will leverage his extensive experience in account executive roles, combining client management with new business developmen...

Posted: Oct 22, 2025

Argentina’s insurance sector faces ongoing challenges amid regulatory reforms, says AM Best

AM Best, the credit rating agency, reports that Argentina remains a challenging environment for insurers despite major regulatory reforms. High inflation, currency depreciation, and investment uncertainty continue to pressure solvency ratios and c...

Posted: Oct 22, 2025

Chubb won’t chase property cat reinsurance: CEO Evan Greenberg

As property insurance and reinsurance markets soften, Evan Greenberg, Chairman and Chief Executive Officer (CEO) of global insurer Chubb, emphasised that the firm is not going to chase property catastrophe reinsurance business unless it is priced...

Posted: Oct 22, 2025

Gallagher appoints Corey Tidey as Head of Natural Resources, Executive Director

Gallagher, the global insurance and reinsurance broking group, has appointed Corey Tidey as Head of Natural Resources – Executive Director. Tidey brings nearly 15 years of industry experience, with deep expertise in construction and energy re/insu...

Posted: Oct 22, 2025

AWS outage could represent a moderate cyber re/insurance event: CyberCube

In a new Security Incident Report (SIR) created following the Amazon Web Services (AWS) outage, CyberCube, a provider of cyber risk analytics for the re/insurance industry, highlights the systemic risk from concentrated cloud-provider dependencies...

Posted: Oct 22, 2025

APRA refines reinsurance reforms to boost flexibility amid shifting market conditions

In a new response paper refining its proposed updates to the general insurance reinsurance framework, the Australian Prudential Regulation Authority (APRA) has outlined plans to enhance access to alternative reinsurance arrangements while safeguar...

Posted: Oct 22, 2025

Willis expands Global Risk & Analytics unit, rebrands Forensic Accounting team

Insurance broker Willis, a WTW business, has established a newly created Forensic Accounting & Valuation Services team, expanding its valuation capabilities globally. The firm has made key senior leadership appointments and globally rebranded...

Posted: Oct 22, 2025

Ageing populations to reshape the future of life insurance: Swiss Re

Swiss Re, the reinsurance company based in Zurich, reports that demographic changes are set to transform the life insurance industry over the coming decades. In its latest sigma publication, the company highlights that by 2050, around one quarter...

Posted: Oct 22, 2025

Christophe Letondot returns to AIG as Global Head of Credit Lines

Global insurer AIG has announced the appointment of Christophe Letondot as Global Head of Credit Lines. Letondot is returning to AIG bringing over three decades of international experience across insurance, banking, and capital markets. In his new...

Posted: Oct 22, 2025

Casper launches niche renewable energy offering, Tundra Specialty

Casualty-focused MGA Casper Specialty UK Limited has launched Tundra Specialty, a new offering dedicated to the niche renewable energy sector, which will be led by Matthew Melville, who was most recently founder and CEO of Albus, part of Ryan Spec...

Posted: Oct 22, 2025

32 new international insurance licenses issued in Cayman so far in 2025: IMAC

Citing Q3 2025 licensing statistics from the Cayman Islands Monetary Authority (CIMA), the Insurance Managers Association of Cayman (IMAC) reported continued growth in the jurisdiction’s international insurance sector, with 32 new international in...

Posted: Oct 22, 2025

Chubb posts record Q3’25 P&C underwriting income of $2.3bn

Large insurer Chubb has reported record property and casualty (P&C) underwriting income of $2.26 billion, representing a 55% year-on-year increase, for the third quarter of 2025, with a combined ratio of 81.8%, compared with underwriting profi...

Posted: Oct 22, 2025

Bridging the gap between re/insurers’ actuarial models & underwriting operations: Katz, Optalitix

In an interview with Reinsurance News, Dani Katz, Co-founder and Director of software provider Optalitix, said reinsurers are at a pivotal point — with abundant capital, complex risks, and an urgent need for faster, data-driven pricing — noting th...

Posted: Oct 22, 2025

Everest names Anthony Vidovich as EVP and General Counsel

Bermuda-domiciled insurer and reinsurer Everest Group has appointed Anthony Vidovich as Executive Vice President (EVP) and General Counsel, effective on or before January 5th, 2026. He succeeds Ricardo Anzaldua, who, as previously announced, will...

Posted: Oct 22, 2025

Stand secures $35m Series B to support Florida expansion

Stand, a homeowners insurance provider for properties in high-risk areas, has raised a $35 million in a Series B funding round, which will support the company’s expansion into the Florida market. This funding round was led by Eclipse, alongside pr...

Posted: Oct 22, 2025

Fortitude Re/Carlyle Asia reinsurance sidecar launches with $700m+ in capital

Fortitude Carlyle Asia Reinsurance, Ltd. (FCA Re), Fortitude Re’s and Carlyle’s recently launched Asia focused reinsurance sidecar, is commencing operations with more than $700 million in deployable capital, including equity and expected debt capa...

Posted: Oct 22, 2025

Insurers prepare for another year of uncertainty, says BlackRock

Insurers are heading into 2026 with continued caution, as inflation once again emerges as one of the leading macroeconomic risks, according to BlackRock’s 14th annual Global Insurance Report. BlackRock, the asset manager, surveyed 463 senior inves...

Posted: Oct 21, 2025

QBE names Chris Killourhy Group CFO

Chris Killourhy has been appointed as Group Chief Financial Officer of QBE Insurance Group, subject to regulatory approvals. In his new role, Killourhy will lead QBE’s global financial strategy, capital management and investor relations. Killourhy...

Posted: Oct 21, 2025

Bishop Street introduces MGA incubator and expands leadership team

Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has introduced Bishop Street Program Managers, an incubator designed to support the growth of managing general agents. Operating within the Bishop Street platform, the initi...

Posted: Oct 21, 2025