Reinsurance News
Freedom to buy outstanding shares of Concert
24th December 2025
The shareholders of Concert Group Holdings, Inc., a specialised insurance holding company known for providing tailored solutions to programme insurance markets, have agreed to allow founding shareholder Freedom Underwriters LLC (Freedom) to purchase all outstanding shares from current shareholders WT Holdings, Inc. (WT) and Century Focused Fund IV, LLC (Century). This ... Read the full article
Cyber risk to grow more systemic in 2026 as digital dependencies deepen: Coalition
24th December 2025
According to executives at Coalition, cyber risk in 2026 will be defined less by isolated breaches and more by hidden interdependencies that drive correlated, systemic loss, forcing re/insurers to demand deeper technical clarity, stronger underwriting discipline, and broader coverage responses. A host of executives from Coalition have shared their perspectives on ... Read the full article
Zurich North America enhances underwriting efficiency with Convr AI
24th December 2025
Zurich North America, the commercial property and casualty insurer, is expanding its relationship with Convr AI to improve underwriting efficiency and better serve its customers through Convr's AI-powered underwriting workbench. Founded in 2016, Convr AI is a modularised artificial intelligence (AI) underwriting, data, and intelligent document automation workbench company serving commercial ... Read the full article
Amiga Specialty welcomes David Filtness as MD, Professional Indemnity
24th December 2025
Amiga Specialty, an independent international managing general agent (MGA) headquartered in London, has announced the appointment of David Filtness as Managing Director, Professional Indemnity. In his new position, Filtness will lead the development of Amiga’s Professional Indemnity proposition, further strengthening the specialist MGA’s financial lines offering following its launch earlier ... Read the full article
Mosaic increases Canada cyber risk capacity to $25m
24th December 2025
Mosaic Insurance, a specialty insurer focused on financial institutions and cyber risk, will increase its cyber-risk capacity per risk in Canada to $25 million (CAD 40 million), starting January 1st, 2026. The move, which more than doubles the insurer’s previous limit of $10 million (CAD 15 million), aims to allow the ... Read the full article
IMAC introduces 2026 Executive Committee and launches talent development initiative
24th December 2025
The Insurance Managers Association of Cayman (IMAC), a professional body representing insurance managers, captive insurance companies, and service providers while acting as a key liaison with government and regulators in the Cayman Islands, revealed its 2026 Executive Committee during its Annual General Meeting on December 11, 2025. The new committee brings ... Read the full article
Jeffrey Loop appointed AXA XL’s Head of Media Liability
24th December 2025
AXA XL, the property and casualty division of global insurer AXA Group, has announced the appointment of Jeffrey L. Loop as the new Head of Media Liability. Based in Los Angeles, Loop will report to Michelle Chia, Chief Underwriting, Cyber, Design & Select Professional. In his new role, Loop will lead AXA ... Read the full article
AM Best assigns Credit Ratings to Prismic Life Re and PL Re International
24th December 2025
AM Best has assigned Credit Ratings to Prismic Life Reinsurance, Ltd. (Prismic Life Re) and Prismic Life Reinsurance International, Ltd. (PL Re International), both domiciled in Bermuda, with a stable outlook. The ratings agency assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) ... Read the full article
Trueman and Shaw join Everest’s Global Wholesale & Specialty Insurance division
23rd December 2025
Everest Group, a Bermuda-based insurer and reinsurer, has announced two senior leadership appointments within its Global Wholesale & Specialty (GWS) Insurance division. Paul Trueman has been named Head of International, Global Wholesale & Specialty. In this role, he will oversee Everest’s underwriting, distribution, and portfolio strategy across international markets and lead ... Read the full article
Tokio Marine HCC to enhance underwriting efficiency with Cytora partnership
23rd December 2025
Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a member of the Tokio Marine HCC group of companies based in Houston, Texas, has entered a strategic collaboration with Cytora to enhance its underwriting workflow efficiency with artificial intelligence. By integrating Cytora’s AI-powered platform, TMHCC aims to streamline the processing ... Read the full article
Inigo secures $255m of retro reinsurance with fifth cat bond
23rd December 2025
Specialist insurer and reinsurer Inigo Limited has returned to the catastrophe bond market for the fifth consecutive year, issuing its largest series of cat bonds totalling $255 million via Montoya Re Ltd., featuring multiple tranches and introducing cover for Australian earthquake risk for the first time. Inigo’s Syndicate 1301 at Lloyd’s ... Read the full article
Affiliated investments surge among US Life/Annuity insurers: AM Best
23rd December 2025
AM Best, a credit rating agency specialising in the insurance industry, has released new findings on the rapid expansion of affiliated investments across US life/annuity (L/A) companies. Affiliated investment growth among US L/A insurers has accelerated markedly since 2018, and AM Best reports that 2024 alone saw a year-over-year increase of ... Read the full article
SiriusPoint acquires Assist America to expand IMG services
23rd December 2025
Global specialty insurer and reinsurer SiriusPoint’s wholly owned subsidiary, International Medical Group (IMG), a leader in global insurance benefits and assistance services, is set to acquire Assist America. According to SiriusPoint, the acquisition will significantly bolster IMG’s third-party medical and travel assistance revenue, increase scale in the US, and expand its ... Read the full article
Bermuda P&C re/insurance sector net income increased 22.5% in 2024: BMA
23rd December 2025
In 2024, Bermuda’s international property and casualty (P&C) re/insurance sector reported a 22.5% increase in net income to $30.9 billion, up from $25.2 billion in 2023, according to the Bermuda Monetary Authority (BMA). The combined ratio increased by 3.5 percentage points year over year to 79.6% from 76.1%, although the sector ... Read the full article
CRC Group expands Specialty team with four hires
23rd December 2025
CRC Group, a wholesale specialty insurance distributor in North America, has expanded its Specialty division with the addition of four new professionals. Matthew Duff has joined CRC Specialty in Little Rock as an Underwriting Team Leader. He brings more than a decade of industry experience, spanning homeowners, personal lines, and excess ... Read the full article
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