Reinsurance News
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
FSRA proposes comprehensive updates to ADGM insurance regulatory framework
18th December 2025
The Financial Services Regulatory Authority (FSRA), the regulatory body overseeing financial services within the Abu Dhabi Global Market (ADGM), has released a Discussion Paper outlining a series of strategic enhancements to its insurance regulatory framework. The FSRA’s Discussion Paper identifies areas where significant updates to its regulatory approach are planned, focusing ... Read the full article
Sri Lankan insurers’ cyclone losses limited, reinsurers to absorb most non-motor losses: Fitch
18th December 2025
Fitch Ratings expects most Sri Lankan insurers' losses from Cyclone Ditwah flooding to be limited due to low non-motor retention and reinsurance. However, the National Insurance Trust Fund Board (NITF), the country's sole local reinsurer, is more exposed to losses due to a lack of retrocession. The agency expects the sector’s underwriting ... Read the full article
James Howell joins Markel as Senior War and Terrorism Underwriter
18th December 2025
Markel Insurance, the insurance operation within Markel Group Inc., has appointed James Howell as Senior War and Terrorism Underwriter, effective immediately. Howell holds nearly a decade of specialised experience in terrorism underwriting, having most recently served as Senior Underwriter for Terrorism and Political Violence at AXIS Capital. Before joining AXIS, he was ... Read the full article
Howden Re & Howden Iberia to provide cat modelling services for Spain’s national insurance pool
18th December 2025
Global reinsurance broker Howden Re, in partnership with Howden Iberia, has been chosen to provide natural catastrophe modelling services for Spain's national insurance pool for extraordinary risks, the Consorcio de Compensación de Seguros (CCS). The state-run CCS provides protection against high-impact events that fall outside the scope of private insurance coverage, ... Read the full article
Miller hires Lambertin and Beltzer to expand its Surety offering in Europe
18th December 2025
Specialist re/insurance broker Miller has hired Elisabeth Chalon Lambertin and Toni Beltzer to further expand its Surety offering in Europe. Both Lambertin and Beltzer join Miller from Transitions, a surety broker specialising in surety, construction & real estate, which they co-founded in 2023. Before founding Transitions, Lambertin was Head of Surety for ... Read the full article
Late but orderly 1.1 renewal as rate decreases deepen to upper teens: KBW
18th December 2025
The January 1 reinsurance renewal season is running later than anticipated, characterised by a delay in Firm order term (FOT) issuance and very few contract signings to date, according to a new report from KBW analysts following their semi-annual Bermuda visit. Despite the sluggish pace, analysts describe the market as “orderly,” ... Read the full article
Getlink secures €55m insurance payout for ElecLink operating losses
18th December 2025
Getlink, the company that manages and operates the Channel Tunnel infrastructure between France and the United Kingdom, has reached an agreement with its insurers for approximately €55 million in compensation for ElecLink’s operating losses following a suspension of activity in late 2024. The disruption was triggered by a fault on the ... Read the full article
Vantage to be acquired by Howard Hughes Holdings in ~$2.1bn transaction
18th December 2025
Holding company Howard Hughes Holdings Inc. has agreed to acquire 100% of specialty insurer and reinsurer, Vantage Group Holdings Ltd., for approximately $2.1 billion in an all-cash transaction, subject to customary regulatory approvals. Founded in 2020, Vantage has established itself as a global insurer and reinsurer, offering a diversified portfolio of ... Read the full article
Volt expands energy sector coverage with binder renewal and increase
18th December 2025
Volt Underwriting, the MGA formed to support clients and brokers active in the energy sector, has renewed its binder to underwrite conventional and renewable power generation and midstream risks, increasing its line size to $50 million for 2026. As part of the renewal, Volt has reportedly secured an expanded underwriting remit, ... Read the full article
Underwriting discipline important amid challenging 1/1 renewal: Bueso, MAPFRE Re
18th December 2025
As the reinsurance industry approaches the January 1 renewal season, Carmen Bueso, Chief Underwriting Officer (CUO) Non-Life at Spanish reinsurer MAPFRE Re, notes that while the current market offers opportunities, the industry must avoid repeating past mistakes. Looking ahead to the upcoming renewal season, Bueso, in an interview with Reinsurance News, ... Read the full article
Amiga strengthens European transactional risks team with trio of hires
18th December 2025
Amiga Specialty, a specialist managing general agent (MGA) backed by B.P. Marsh, has bolstered its transactional risks division, expanding its offering in Europe by hiring a team which includes Sam Batchelor serving as Head of Transactional Risks Europe, Meea Keziah Cabansag as an Underwriter, and George Brain on the board ... Read the full article
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