Reinsurance News
Lockton names Rapciewicz as US Casualty Leader & Cullen as Head, Excess Casualty & Operations
18th September 2025
Lockton, a global independent insurance brokerage, has appointed Peter Rapciewicz as US Casualty Leader, and Jessica Cullen as Head of Excess Casualty and Operations, based in New York City. In his new role, Rapciewicz will oversee the strategic direction and growth of Lockton's casualty offerings across the US, reporting directly to ... Read the full article
Legacy market’s flexibility key as new exposures emerge: Carrick’s Hernon
17th September 2025
Phil Hernon, Chief Operating Officer of Carrick Holdings, told Reinsurance News at RVS 2025 that as emerging legacy exposures such as cyber, climate, and social inflation continue to grow, the market is demonstrating its ability to adapt, driven by proactive planning and ongoing education. Discussing all things legacy, Hernon explored a ... Read the full article
Aon launches Specialist Claims Solutions to help insurers tackle persistent challenges
17th September 2025
Aon, a global insurance and reinsurance broking group, has announced the launch of Specialist Claims Solutions, a new offering created to help insurers drive profitability in an increasingly complex claims landscape. Insurers are currently facing significant pressure to improve financial performance within their claims departments. Many are struggling with limited resources, challenges ... Read the full article
Moody’s raises AXA’s insurance financial strength rating to Aa2 with stable outlook
17th September 2025
Moody’s Ratings, a provider of credit ratings, research, and risk analysis, announced that it has upgraded the insurance financial strength rating of AXA SA to Aa2 from Aa3. AXA, an insurance and asset management group, now carries a stable outlook following the change, reflecting Moody’s view of the company’s reinforced business ... Read the full article
Stonybrook Risk provides parametric coverage for Caribbean-based client
17th September 2025
Stonybrook Risk Management, a wholly-owned subsidiary of Stonybrook Capital and licensed reinsurance intermediary, has completed a parametric insurance transaction for a Caribbean-based client. The transaction was led by parametric veteran Dan Butzbaugh and utilised a parametric solution to replace traditional insurance as per the needs of the client. The company explained, buyers ... Read the full article
You Re appoints Dan Palardy as Chief Actuary and Treaty Underwriter
17th September 2025
You Re, a reinsurance company that combines traditional underwriting practices with a data-driven technology platform, announces that Dan Palardy has joined as Chief Actuary and Treaty Underwriter. His appointment follows the establishment of You Re’s US entity and the opening of its New York office. Palardy has extensive experience in actuarial, underwriting, ... Read the full article
KCC launches RiskInsight 4.15 to support efficient catastrophe risk modelling
17th September 2025
Karen Clark & Company (KCC), a catastrophe risk modelling firm that provides services to the insurance and reinsurance industry, has announced the release of RiskInsight Version 4.15, the latest iteration of its open loss modelling platform. This version introduces substantial system and performance enhancements, improving speed, scalability, and computational power for ... Read the full article
DUAL and Hiscox announce high-net-worth insurance partnership in Ireland
17th September 2025
DUAL Underwriting Ireland DAC (DUAL) has announced a new high-net-worth (HNW) insurance partnership with Hiscox Ireland, in a move set to reshape the Irish high-net-worth (HNW) insurance landscape. The collaboration aims to create one of the largest providers of specialist HNW products in the Irish market, leveraging the combined strengths of ... Read the full article
hyperexponential expands AI-powered pricing and underwriting platform with new launch
17th September 2025
hyperexponential (hx) has expanded its AI-powered platform with the launch of Triage, a new product that enables commercial P&C insurers to respond to broker submissions faster, prioritise the right risks, and write more profitable business. Triage joins Portfolio Intelligence and AI Agents to create the industry’s first fully integrated pricing and ... Read the full article
Willis Re names AssuredPartners’ Sankha Ghosh as EVP and Group CIO
17th September 2025
Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has hired Sankha Ghosh from AssuredPartners as Executive Vice President (EVP) and Group Chief Information Officer (CIO). Sankha has over 27 years of technology leadership experience, spanning across business transformation, digital innovation, cloud capabilities, data management, and ... Read the full article
Guidewire to develop PolicyCenter functionality for Japanese market
17th September 2025
Guidewire, a provider of software solutions for the insurance industry, has commenced developing functionality for PolicyCenter on Guidewire Cloud tailored to the Japanese market. In order to accelerate the efforts, Guidewire will collaborate with Capgemini in Japan and Nomura Research Institute (NRI). This is part of Guidewire’s ongoing commitment to the Japanese ... Read the full article
Parametric insurance can be ‘transformational’ in narrowing protection gap: Aon
17th September 2025
Aon's Elizabeth Henderson has highlighted a $223 billion climate protection gap, warning that traditional insurance models are often too slow and complex to keep pace with fast-moving climate disasters, particularly in resource-constrained regions, while pointing to parametric insurance as a potential catalyst for transformational change. Aon's Global Head of Climate Advisory ... Read the full article
Gallagher names Ryan Witchard Executive Director for Middle East & Africa Marine practice
17th September 2025
Insurance and risk management firm Gallagher has appointed Ryan Witchard as Executive Director of its Middle East & Africa Marine practice. In his new role, Witchard will oversee the team advising clients on shipping, cargo, hull, and machinery insurance matters. Based at Gallagher’s regional headquarters in the Dubai International Financial Centre (DIFC), ... Read the full article
Applied Crisis Underwriters approved as Lloyd’s coverholder
17th September 2025
Applied Crisis Underwriters, an affiliate of Applied Underwriters, has announced that it has been approved as a Lloyd’s coverholder. Based in London, New York, and Miami, Applied Crisis Underwriters provides specialised coverage for political violence and war perils worldwide. Led by experienced professionals, it leverages advanced technology to deliver tailored underwriting solutions. All ... Read the full article
Tangram spins out from Heffernan and launches new MGA platform
17th September 2025
Tangram Insurance Services has completed its spin-out from Heffernan Insurance Brokers and will become the inaugural portfolio company of Balavant Insurance Group, a newly formed holding company backed by investment from SkyKnight Capital. Tangram described the separation as a pivotal step in its growth strategy within the MGA sector. The establishment of ... Read the full article
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