Reinsurance News
Aon plc, a provider of professional services, has introduced the Profitable Growth Tool, a new benchmarking and advisory service aimed at assisting insurers in identifying and cultivating key traits that enhance their value to customers and shareh...
Posted: Apr 11, 2025
Florida insurers regulators have approved Apex Star Reciprocal Exchange as the 12th insurer to enter the state since legislative reforms were passed in the last two years to stabilise the market. Apex Star Reciprocal Exchange is a property and cas...
Posted: Apr 11, 2025
Swiss Re’s shareholders approved all motions put forward by the Board of Directors at its Annual General Meeting (AGM) 2025, including the election of Morten Hübbe and George Quinn as new Board members and the distribution of an ordinary div...
Posted: Apr 11, 2025
Catastrophic flooding in early 2025 has highlighted the growing flood risk across Kentucky, Tennessee, and West Virginia, however, flood insurance participation is rapidly declining from an already low base, leaving the region financially exposed,...
Posted: Apr 11, 2025
Bermuda-domiciled independent, multi-line managing general agent, Helix Underwriting Partners Ltd., has expanded its specialist offering by launching a new Professional Lines unit, led by Matt Irvine as Chief Underwriting Officer (CUO). Backed by...
Posted: Apr 11, 2025
North American insurers’ robust capital and liquidity buffers will allow them to withstand the current market volatility, including tariff-related downturns, without an immediate impact to ratings or outlooks, S&P Global Ratings highlighted in...
Posted: Apr 11, 2025
Berkshire Hathaway Specialty Insurance Company (BHSI), a division of Warren Buffett’s Berkshire Hathaway, has announced a number of leadership moves in its North America casualty business. Based in Chicago, Matt Hale will be overseeing BHSI’...
Posted: Apr 11, 2025
Given the recent strong results that are driving capital flows, along with Florida reforms that have proven highly effective, analysts from Citizens JMP Securities expect pricing at the June 1 renewals to decrease modestly. Readers will know that...
Posted: Apr 11, 2025
Italian insurance giant Generali’s Global Corporate & Commercial (GC&C) business unit has promoted Michele Pignoli as Head of Alternative Risk Transfer (ART) and Parametrics. Pignoli has over 13 years of insurance industry experience, havi...
Posted: Apr 11, 2025
Persistent flooding and severe weather across parts of the Mississippi River Valley from April 2 to 7 are expected to result in insured losses reaching into the hundreds of millions of USD, according to Aon’s weekly catastrophe report. Continuous...
Posted: Apr 11, 2025
Global insurance brokerage Arthur J. Gallagher & Co. has announced that it has completed its acquisition of San Francisco, California-based Woodruff Sawyer. Woodruff Sawyer is a brokerage and consulting firm offering a full suite of commercial...
Posted: Apr 11, 2025
Markel, the insurance operations within Markel Group Inc., has announced the promotion of Matthew Brooke to Senior Underwriter, War and Terrorism, effective immediately. In his new role, Brooke will be responsible for driving the profitable expans...
Posted: Apr 11, 2025
Lloyds-focused investment vehicle Helios Underwriting has reported its unaudited Net Asset Value (NAV) per share has increased by 13%, to £2.14 – £140,101 million in Net Assets – for the quarter to December 31, 2024. Comparably, Helios...
Posted: Apr 11, 2025
Global insurance and reinsurance broker Aon has appointed Erlantz Urbieta as Chief Broking Officer (CBO) for Europe, the Middle East and Asia (EMEA), effective immediately. Urbieta succeeds Terence Williams, who will assume the role of Head of Com...
Posted: Apr 11, 2025
Global reinsurers will experience only a minor impact from declines in global equity markets triggered by tariffs and counter-tariffs imposed by the U.S. and other nations, thanks to their conservative investment strategies, says S&P. Last wee...
Posted: Apr 11, 2025
An investor group led by Ethos Capital, British Columbia Investment Management Corporation (BCI), and White Mountains Insurance Group will acquire an ownership position in BroadStreet Partners. Under the terms of the agreement, Ontario Teachers’ P...
Posted: Apr 11, 2025
Baroness Kay Swinburne has been appointed as the new independent Chair of the Association of British Insurers (ABI), taking over from Baroness Nicky Morgan, who was the inaugural holder of the position. The role of independent Chair was introduced...
Posted: Apr 11, 2025
Civil unrest and protest activity have become a key concern for companies and insurers around the world, a recent report by Allianz Commercial has revealed. According to the Allianz Risk Barometer 2025, businesses have ranked political risks and v...
Posted: Apr 11, 2025
Global marine insurer Skuld has appointed Thea Thorstensen to its global business development team and Nicola Kingman as Global Head of Yachts. Thorstensen has been with Skuld for over a decade, holding various roles including Underwriter Executiv...
Posted: Apr 11, 2025
London-based reinsurance firm, OAK Re has received Lloyd’s approval to increase the 2025 business plan of Syndicate 2843 to over $400 million of gross written premium. OAK Re’s syndicate business forecast (SBF) was resubmitted after the comp...
Posted: Apr 10, 2025
Rhonda Hasell has been appointed to lead Hannover Re Bermuda as General Manager and Chief Financial Officer. Hasell brings to her new role over two decades of experience across New Zealand, Australia and the UK. In the past decade, she has focused...
Posted: Apr 10, 2025
With capacity at an all-time high, the energy insurance market continues to soften, driven by a delicate balance between profitability concerns and the pursuit of market share, a recent Willis report has stated. According to the Energy Market Revi...
Posted: Apr 10, 2025
Global insurance and reinsurance broker Howden has announced the appointment of Kirk Southern as Group Chief People Officer, and will be reporting to David Shalders, Group Chief Operating Officer. Southern has been leading the Group’s People...
Posted: Apr 10, 2025
ZestyAI, a company specialising in property and climate risk analytics, has disclosed that over 12.6 million US properties are at high risk of hail-related roof damage, costing about $189.5 billion in potential replacement costs. The information w...
Posted: Apr 10, 2025
Jef Van In, CEO of iptiQ, has announced the signing of an agreement to sell iptiQ’s Australian business to Hannover Re, pending regulatory approvals. iptiQ, a digital B2B2C insurance company powered by Swiss Re, is a provider of re/insurance...
Posted: Apr 10, 2025