Reinsurance News
Lloyd Scholz joins Westfield as Enterprise Chief Information Officer
9th December 2025
Westfield, a U.S.-based property and casualty insurance company, has announced the appointment of Lloyd Scholz as Enterprise Chief Information Officer (CIO). In his new role, Scholz will oversee the development and execution of a business-driven technology strategy designed to support Westfield's continued growth, diversification, and global expansion. He will also leverage his ... Read the full article
Pinnacle Underwriting joins DIFC to expand regional presence
9th December 2025
The Dubai International Financial Centre (DIFC), the global financial hub for the Middle East, Africa and South Asia (MEASA), has announced that Pinnacle Underwriting Pty Ltd has joined DIFC to expand its regional presence and strengthen its reinsurance and risk management capabilities. Established in 2019 and headquartered in Sydney, with offices ... Read the full article
Berkshire Hathaway overhauls insurance leadership, Nancy Pierce named GEICO CEO
8th December 2025
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has named Nancy L. Pierce as Chief Executive Officer (CEO) of GEICO, effective immediately. She currently serves as Chief Operating Officer of GEICO and, since joining the company in 1986, has held leadership roles across claims, underwriting, product management and regional operations. Ajit ... Read the full article
Summit Commercial Solutions secures $7.5m Series A investment
8th December 2025
Sorathia Holdings and Greenlight Re Innovations have joined as new investors for a Series A round of investment led by a group of strategic insurance and technology investors, including existing investor IA Capital which has invested $7.5 million in Summit Commercial Solutions, a tech-enabled commercial insurance brokerage. Since being launched in ... Read the full article
Bobby Le Blanc to retire from Ryan Specialty’s Board as Onex fully exits investment
8th December 2025
Following Onex Corporation’s sale of its remaining shares of Ryan Specialty Holdings, Inc., an international specialty insurance firm, Bobby Le Blanc will retire from his position on the Board of Directors, effective February 11th, 2026. Le Blanc, Chief Executive Officer of Onex, has served on Ryan Specialty’s Board since 2018, originally ... Read the full article
2025 marks fifth year in a row of $100bn+ cat claims, less damaging for reinsurers: J.P. Morgan
8th December 2025
2025 will mark the fifth consecutive year in which global catastrophe claims have exceeded $100 billion, but this has been less damaging for reinsurers due to a shift in who is responsible for paying claims, with reinsurers remaining in line with or below their catastrophe loss budgets in recent years, ... Read the full article
Norman joins Aon’s Global ReSpecialty division as Senior Broker
8th December 2025
Insurance and reinsurance broking firm Aon has announced the appointment of Richard (Dickie) Norman as a Senior Broker within its Reinsurance Solutions Global ReSpecialty Property Team, effective January 1, 2026. Global ReSpecialty is Aon’s specialty reinsurance and retrocession solutions division, encompassing property specialty, marine energy, composite and construction, casualty, aviation, cyber, ... Read the full article
Hildene Capital Management to acquire SILAC for $550m
8th December 2025
Hildene Capital Management, LLC, a credit-focused alternative asset manager, has signed a definitive agreement to acquire SILAC, Inc., the parent company of SILAC Insurance Company. Founded in 1935, SILAC provides fixed and fixed indexed annuity products in the U.S. Headquartered in Carmel, Indiana, the company operates across 48 states and the ... Read the full article
Aon appoints Ben Jones as Chief Operating Officer, APAC
8th December 2025
Insurance and reinsurance broking firm Aon has appointed Ben Jones as its new Chief Operating Officer (COO) for Asia Pacific (APAC), effective December 8th, 2025, based in Singapore. In his new role, Jones will be partnering with the broker’s regional and global teams to strengthen its operating model, support growth, and ... Read the full article
Fitch maintains ‘neutral’ outlook for US P&C insurance sector amid strong profitability
8th December 2025
Fitch Ratings maintains a ‘neutral’ fundamental sector outlook for the US property/casualty (P&C) insurance sector in 2026, as well as for both commercial and personal lines. This assessment is based on the sector’s solid starting position for the year, which is supported by strong overall statutory performance, continued favourable personal auto ... Read the full article
Compre signs LPT Agreement with French insurer Wakam
8th December 2025
Compre Group Holdings Limited, the Bermuda-domiciled international specialist reinsurance group, has signed a Loss Portfolio Transfer (LPT) agreement with French insurer Wakam S.A. (Wakam). Wakam is a B2B2C insurance company that designs tailor-made insurance solutions distributed under white label by more than 100 distribution partners through its Play&Plug® technology platform. The transaction ... Read the full article
ICEYE secures new funding to boost capabilities valued by re/insurance market
8th December 2025
ICEYE, a world leader in synthetic aperture radar (SAR) satellite systems, has secured €150 million in new funding and a €50 million secondary placement, led by General Catalyst with broad pan-European participation, valuing the company at €2.4 billion ($2.8 billion). According to the firm, the funding will be used to accelerate ... Read the full article
Reinsurance News Bermuda Legacy Market Roundtable 2025
8th December 2025
In November, we hosted a legacy re/insurance market roundtable, in partnership with RiverStone International, in Hamilton, Bermuda, which saw nine experts and leaders from across the run-off world debate current market dynamics, challenges, and opportunities for the future. The 2025 Reinsurance News Bermuda Legacy Market Roundtable report, in ... Read the full article
Firms continue to see attractive opportunities in property cat reinsurance: TD Cowen
8th December 2025
Despite ongoing pricing pressures, the management teams TD Cowen spoke with ahead of the January 1, 2026, renewals continue to see attractive opportunities in property catastrophe reinsurance. According to the firm, commentary during its trip on property catastrophe reinsurance pricing for the 1/1/26 renewals was slightly more negative than during the ... Read the full article
AM Specialty Insurance Company obtains UK regulatory authorisation
8th December 2025
AM Specialty Insurance Company (UK) (ASIC UK) has now been authorised by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to conduct regulated insurance activities in the UK, becoming the first insurer to be authorised under the authorities' accelerated authorisation pathway, this publication can reveal. The approval enables ... Read the full article
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