Reinsurance News
Willis adds Gillespie as Head of Data & Analytics, Global Direct & Fac Specialty
19th September 2025
Insurance broker Willis, a WTW business, has appointed James Gillespie as its new Head of Data & Analytics for its Global Direct & Facultative Specialty team. In his new role, Gillespie will lead the development of new and innovative products, harnessing insights gained from Willis’ data sources, including the broking platform. ... Read the full article
Access to insurance not yet driving climate adaptation investments: Marsh
19th September 2025
In a landscape of increasing extreme weather events, only 5% of private sector organisations view “access to insurance” as their primary motivation for investing in climate adaptation, compared to 53% who prioritise the “need to manage risk,” according to a recent survey by Marsh. Marsh’s 2025 Climate Adaptation Survey analysed responses ... Read the full article
Strong returns hold as property pricing slides but soft market concerns overstated: Citizens
19th September 2025
At this year’s Monte Carlo Rendezvous de Septembre, Citizens Bank, a provider of financial and insurance insights, observed that while property catastrophe pricing is sliding, the broader reinsurance market continues to deliver solid returns. After meeting with reinsurers, insurers, and brokers, Citizens Bank’s view is that speculation of a widespread soft ... Read the full article
Ed Le Flufy becomes Lockton Re’s Global Head of Cyber
19th September 2025
Lockton Re, the reinsurance arm of the privately held independent insurance broker, has announced the appointment of Ed Le Flufy as Global Head of Cyber, a London-based role. In his new role, the executive will lead Lockton Re's Cyber team drive the further development, and focus on building a multi-disciplinary Global ... Read the full article
Swiss Re and Munich Re back newly launched CEI & Generali parametric solution
19th September 2025
Global insurer Generali and Conferenza Episcopale Italiana (CEI) have partnered to launch a new parametric insurance solution to protect parish entities in Italy's 226 dioceses from the impacts of natural catastrophes. Swiss Re and Munich Re are providing reinsurance capacity and expertise for this program, which also involves broking group Howden ... Read the full article
Howden to acquire US entertainment broker Gravitas
19th September 2025
Howden, the global insurance and reinsurance broking group, has announced the acquisition of Gravitas Insurance Agency LLC (Gravitas), a US retail brokerage specialising in contingency insurance for music, sport and live events. Founded in 2022 by John Tomlinson, Gravitas is an independent insurance brokerage built exclusively to serve today's music, sport, ... Read the full article
North American insurance brokers target bigger deals as growth cools: Fitch
19th September 2025
According to Fitch Ratings, a global credit rating agency, US and Canadian insurance brokers are increasingly relying on larger acquisitions to maintain momentum as organic growth slows. The trend has pushed deal sizes sharply higher over the past two years, reflecting a shift in strategy that carries greater credit risk for ... Read the full article
Helios hires Arch’s Louis Tucker as CEO
19th September 2025
Helios Underwriting, the publicly listed firm providing direct access to a range of syndicates at the specialist Lloyd’s insurance and reinsurance marketplace, has hired Louis Tucker from Arch Capital Group as its new Chief Executive Officer (CEO), subject to regulatory approval. Tucker is expected to commence his tenure as Helios CEO ... Read the full article
Roosevelt Road Specialty and Neural Earth partner to advance property underwriting with AI
19th September 2025
Roosevelt Road Specialty, a Managing General Underwriter (MGU) that provides customised insurance solutions, has entered into a strategic partnership with Neural Earth Inc., a technology company specialising in artificial intelligence–driven geospatial risk analytics. The collaboration is focused on enhancing property underwriting by incorporating advanced data and analytics into decision-making processes. The agreement ... Read the full article
Hippo adds Hay and Holliday to Board of Directors
19th September 2025
Home insurance firm Hippo has appointed Laura Hay and Susan Holliday to its Board of Directors, with the former joining the Audit, Risk, and Compliance Committee and the Nominating and Corporate Governance Committee, and the latter the Audit, Risk, and Compliance Committee and the Compensation Committee. Most recently, Hay was the ... Read the full article
Marco Re gets A3 insurance financial strength rating from Moody’s
19th September 2025
Moody’s Ratings has assigned an A3 Insurance Financial Strength Rating (IFSR) to Marco Re Limited, a Guernsey domiciled reinsurer focused on non-life run-off insurance portfolios, reflecting its core status within the broader Marco Capital group. The outlook for the rating is stable, reflecting Moody’s expectation that the group will maintain its ... Read the full article
Howden adds Jonny Gray as a Senior Advisor to its Sport and Entertainment practice
19th September 2025
Howden, the global insurance and reinsurance broking group, has appointed sports industry expert Jonny Gray as a Senior Advisor to its Sport and Entertainment practice, based in London. This appointment aims to continue the growth of Howden's global sport and entertainment unit. Previously, Gray has held several senior appointments in the sports ... Read the full article
Allstate estimates $213m in catastrophe losses for August
18th September 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $213 million, or $168 million after tax, for the month of August. The losses included 10 events, with approximately 70% attributable to three wind and hail events. By comparison, Allstate estimated higher ... Read the full article
Funded reinsurance and offshore financing a concern for the PRA
18th September 2025
The Bank of England (BoE) is hardening its approach on the use of funded reinsurance and offshore financing by UK life insurers, aiming to balance innovation with financial stability as the bulk purchase annuity (BPA) market continues its rapid expansion. In a speech at the Bank of America annual CEO conference, ... Read the full article
Inigo CEO highlights measured growth plans following Radian acquisition
18th September 2025
Richard Watson, CEO of Lloyd’s specialty insurer Inigo Limited, has highlighted the significant growth opportunities following his firm’s acquisition by US-based Radian Group, noting that this growth will be measured and focused as Inigo continues to strengthen customer relationships, expand its use of data and analytics, and maintain its strong ... Read the full article
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