Reinsurance News
S&P cites strengthened competitive position as Lancashire ratings upgraded to ‘A’
19th December 2025
Bermuda-based global insurer and reinsurer, Lancashire Holdings Limited, has reported that rating agency S&P Global Ratings has lifted its long-term issuer credit and financial strength ratings on the firm's core re/insurance operating subsidiaries to 'A' from 'A-'. At the same time, S&P Global Ratings has raised its long-term issuer credit rating ... Read the full article
Pazmino named EVP, Head of Marine, Chubb Overseas General Insurance
19th December 2025
Xavier Pazmino has been appointed as Executive Vice President, Head of Marine, for Chubb Overseas General Insurance (COG), Chubb's international general insurance operations, effective February 2026. Pazmino, who succeeds Andrew Williamson in the role, will oversee the growth and profitability of Chubb’s Marine portfolio internationally, including wholesale and retail operations. The executive ... Read the full article
AM Best upgrades Arch on diversification and outperformance
19th December 2025
AM Best has upgraded Arch Capital Group and its subsidiaries’ ratings, citing the firm’s strong operating performance and a proven track record of delivering superior underwriting results and investment returns, even during softer market conditions. Notably, AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from ... Read the full article
Pinkerton joins Previsico as Chief Technical Officer
19th December 2025
Previsico, a flood forecasting and real-time flood risk intelligence platform provider, has appointed Mark Pinkerton as Chief Technical Officer (CTO). In his new role, Pinkerton will oversee the company’s global technology strategy, product development, and engineering operations, playing a key role as Previsco scales its forecasting capabilities around the world. The executive ... Read the full article
Primary casualty rates rise but reinsurance pricing remains flat: TD Cowen
19th December 2025
TD Cowen, an investment bank and financial services firm, has shared key observations on the casualty market from recent meetings in Bermuda with reinsurance participants. According to analysts, primary casualty appears to still be successfully increasing premiums, most notably in US general liability. In reinsurance, rates are generally flat, although there is ... Read the full article
Farmers secures $400m indemnity-based coverage through new cat bond
19th December 2025
Farmers Insurance Exchange and its subsidiaries and affiliates, collectively known as the Farmers Insurance Group, have closed a $400 million catastrophe bond, providing indemnity-based coverage that complements their traditional catastrophe reinsurance program. Swiss Re Capital Markets and Howden Capital Markets & Advisory (HCMA) acted as joint structuring agents and joint bookrunners ... Read the full article
Gallagher Re hires Martin Hughes to lead new Captives Risk Transfer team
19th December 2025
Global reinsurance broker Gallagher Re has announced the launch of a new dedicated Captive Risk Transfer team within its Global Facultative practice, which will be led by Martin Hughes as Executive Vice President, Captives, effective January 1, 2026. The new practice will provide tailored facultative and structured reinsurance solutions for single ... Read the full article
Reinsurers must monitor for any T&Cs slippage amid late Jan 1 renewal: Brit’s Sullivan
19th December 2025
Amid a “very late” January 1 renewal this year, reinsurers need to remain vigilant and monitor for any terms and conditions (T&Cs) slippage, according to Jon Sullivan, Group CUO at Brit Insurance. As the market approaches the January 1 deadline, Sullivan describes the current renewal season as very late, noting that ... Read the full article
AIG partners with Amwins and Blackstone to launch new Lloyd’s syndicate
19th December 2025
AIG, in partnership with Amwins and funds managed by Blackstone, is launching a new Lloyd’s syndicate, Syndicate 2479, featuring a novel structure that brings together a specialty distributor, an insurer and a Lloyd’s platform backed by third-party capital. Syndicate 2479 is expected to begin underwriting on January 1, 2026, with an ... Read the full article
The Clear Group’s co-founder Howard Lickens to retire
19th December 2025
Insurance broker The Clear Group has announced the retirement of Howard Lickens, the founder of the business with Gary O’Donnell, at the end of this year. Lickens has been instrumental in shaping Clear since its formation in 2001. Over the last two decades, this instrumental involvement has helped lay the strong ... Read the full article
Hong Kong’s non-life insurance segment profitable amid market challenges: AM Best
19th December 2025
Hong Kong’s non-life insurance industry has consistently achieved profitable underwriting over the past five-year, driven by the performance in the general liability and property damage lines of business, according to a new AM Best report. Accident & health (A&H) coverage remained the largest contributor to gross written premiums (GWP) during the ... Read the full article
Eugene Lim joins Howden as Head of Tax Insurance, Asia
19th December 2025
Howden, a global insurance and reinsurance broking group, has announced the appointment of Eugene Lim as Head of Tax Insurance, Asia. In his new role, Lim will lead Howden’s tax advisory and insurance capabilities across the region, working with clients to address complex tax risk considerations across transactions, restructurings, and ongoing ... Read the full article
SCOR announces renewal of €300m natural catastrophe / mortality contingent capital facility
18th December 2025
Global reinsurance company SCOR has renewed its contingent capital program for another three years, which may provide the carrier with up to €300 million of additional capital after the occurrence of extreme events, natural catastrophes or events affecting mortality, or a "significant fall in the share price of the Company's ... Read the full article
Falkenhagen appointed DEVK RE CUO, Jöbkes to retire
18th December 2025
Cliff Falkenhagen is to succeed Wolfgang Jöbkes, who is retiring after more than 46 years with the DEVK Group, as Chief Underwriter Officer (CUO) of DEVK RE, the reinsurance subsidiary of the German insurer. Since 1987, Jöbkes has successfully headed DEVK's ceded reinsurance department. Following the creation of DEVK Rückversicherungs- und ... Read the full article
Howard Hughes’ $2.1bn Vantage acquisition mirrors Buffett’s insurance blueprint: Ackman
18th December 2025
Bill Ackman, founder and CEO of Pershing Square Capital Management, says Howard Hughes’ $2.1 billion acquisition of specialty insurer and reinsurer Vantage Group echoes Warren Buffett’s early moves at Berkshire Hathaway, as the company he backs looks to build a diversified holding company. As reported earlier today, Howard Hughes’ takeover ... Read the full article
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