Reinsurance News
AXIS Re, the reinsurance arm of Bermuda-based AXIS Capital Holdings, has announced the appointment of Paul Ng as Reinsurance Treaty Underwriter. Based in Canada, Ng’s new role will include providing AXIS Re’s reinsurance partners and cedents with...
Posted: Apr 15, 2025
Trium, a cyber and property catastrophe underwriter at Lloyd’s of London, has announced its 2024 financial results, reporting a combined ratio of 71.8%. Its “remarkable” performance makes Trium the fifth-best performing syndicate overall within th...
Posted: Apr 15, 2025
Independent specialist re/insurance broker Miller has appointed Judith Zeleny as Global Head of Origination, Strategic Advisory in its reinsurance practice. Zeleny holds over 35 years of industry experience, having previously served as an underwri...
Posted: Apr 15, 2025
Jamie Sahara, President of Applied Underwriters, has announced leadership appointments at United Risk, naming Alex Amezquita as Chief Financial Officer (CFO) and Jay Cahill as CEO of United Risk’s newly formed reinsurance division. These appointme...
Posted: Apr 15, 2025
Canadian property and casualty insurer Definity Financial Corporation has disclosed that catastrophe losses in the first quarter of 2025 would negatively impact operating income by approximately CAD 50 million, net of reinsurance recoveries. The i...
Posted: Apr 15, 2025
Specialist underwriting agency DUAL Europe has further extended its reach in the maritime insurance market by launching a new Marine hub in Hamburg, Germany. Part of the global DUAL Group, one of the world’s largest international underwriting agen...
Posted: Apr 15, 2025
French reinsurer Arundo Re has hired Kshitij Chirimar as Senior Underwriter for the Indian sub-continent, expanding the company’s presence across the region. Chirimar brings more than 10 years of reinsurance industry experience to the role,...
Posted: Apr 14, 2025
The Regional Emergency Preparedness and Inclusive Access to Recovery (REPAIR) programme, a collaborative initiative led by the World Bank, supported by the Global Shield Financing Facility (GSFF), and implemented by ARC Ltd., an affiliate of the A...
Posted: Apr 14, 2025
Intact Financial Corporation, a Canadian property and casualty insurer, has estimated total catastrophe losses for the first quarter of 2025 of approximately $244 million, pre-tax and net of reinsurance. Personal lines contributed $82 million, whi...
Posted: Apr 14, 2025
American Integrity Insurance Group, a provider of residential property insurance in Florida, has promoted Patrick Madigan to Senior Vice President (SVP) of Underwriting and Client Services. In the expanded role, Madigan will continue to shape the...
Posted: Apr 14, 2025
The catastrophe bond and related insurance-linked securities (ILS) market witnessed a huge $7.1 billion of issuance in the first quarter of 2025, a new record for the period, which helped take the outstanding market size to a new high of $52.2 bil...
Posted: Apr 14, 2025
Novatae Risk Group, a wholesale insurance brokerage, managing general agency, and program manager, has acquired the assets of Atalanta-domiciled Ajax Specialty Insurance. The terms of the transaction were not disclosed. Founded in 2012 by current...
Posted: Apr 14, 2025
Reinsurance broker Gallagher Re has pegged preliminary insured losses from the persistent flooding and severe weather across the central and southern US in early April at between $1 billion and $3 billion, but warns that this initial range is subj...
Posted: Apr 14, 2025
Brenden Beeg has joined Amwins, a distributor of specialty insurance products and services, as Vice President – Alternative Risk. In his new role, he will be working alongside Alex Kaplan, Amwins’s Executive Vice President for Alternative Ri...
Posted: Apr 14, 2025
Moody’s Ratings has changed the outlook of Peak Re to positive from stable, citing that the contagion risk from the reinsurer’s majority shareholder, Fosun International Limited, is declining. According to the rating agency, the contagion ri...
Posted: Apr 14, 2025
Canopius Group, a global specialty and P&C insurer and reinsurer, has appointed Andrew Ziolkowski as its new Head of Australia and New Zealand (ANZ), effective October 25th, 2025. He succeeds Craig Elliot, who has served as interim head of the...
Posted: Apr 14, 2025
Aon’s Climate Risk Advisory and environmental risk solutions teams have developed a new specialty insurance product to cover liabilities and mitigate the risk associated with the plugging of abandoned oil and gas wells in the US. The new Plug and...
Posted: Apr 14, 2025
The United Kingdom’s non-life insurance sector is expected to remain on stable footing in the near term, according to credit rating agency AM Best, which recently reaffirmed its outlook for the market. One of the more significant development...
Posted: Apr 14, 2025
Reinsurance broker Gallagher Re has announced the appointment of Tom Dixon as Head of Legacy UK. Dixon brings 20 years of experience in insurance and transactions, beginning in insurance audit and transaction services before transitioning into non...
Posted: Apr 14, 2025
Munich Re Specialty, part of the Munich Re Group insurance operations, has completed the sale of boat insurance specialist GJW Direct to Ripe. The deal, first announced in October 2024, marks the transfer of GJW Direct after more than 20 years as...
Posted: Apr 14, 2025
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has appointed Trevor Oates as Head of Reinsurance. Oates joins ASR from Canopius, where he spent 25 years in a range of underwriting roles, most recently as a treaty underw...
Posted: Apr 14, 2025
Sompo Asia Pacific has announced the appointment of Pui Ying Fun as Vice President, Regional Treasurer, Asia Pacific (APAC). In her new role, Fun will be responsible for managing Sompo’s financial resources, ensuring liquidity, helping optimise ca...
Posted: Apr 14, 2025
Ageas has agreed with Bain Capital to acquire esure, a digital UK personal lines insurer, for a cash consideration of £1.295 billion. Ageas suggested that the acquisition will strengthen its presence in European markets by adding a controlled enti...
Posted: Apr 14, 2025
CLARA Analytics, a provider of artificial intelligence (AI) solutions for claims optimisation, has announced that its integration with Guidewire ClaimCenter has delivered measurable success, significantly enhancing claims workflows and financial o...
Posted: Apr 14, 2025
DLA Piper, a global law firm, has appointed Charles Rix to its International Insurance team, based in London. Rix’s appointment aligns with DLA Piper’s growth strategy and strengthens its insurance sector bench. In the role, he will us...
Posted: Apr 14, 2025