Reinsurance News
AmTrust appoints Carl Canales as EVP, Head of Field Operations for NA P&C
11th September 2025
AmTrust Financial Services, Inc., a global specialty property casualty insurer, has appointed Carl Canales as Executive Vice President (EVP), Head of Field Operations for North American P&C. Based in Boston, Canales will oversee AmTrust’s Field Operations, including distribution strategy, revenue growth, underwriting, and relationship management for the company’s US commercial P&C ... Read the full article
Guy Carpenter reports structural shift in marine and energy insurance
11th September 2025
Guy Carpenter, a risk and reinsurance advisory firm, states in its Global Specialties Market Update that the marine and energy insurance sector is entering a period of reassessment, shaped by major losses, geopolitical pressures, and shifts in reinsurance capacity. In the hull and cargo segments, significant rate reductions—often in double digits—are ... Read the full article
Willis introduces Global Risk Engineering team to strengthen specialised services
11th September 2025
Willis, a WTW business, has announced the launch of its Global Risk Engineering team, an enhancement to its Global Risk & Analytics (R&A) operations. The team brings together Willis’ engineering expertise in a unified structure, designed to deliver advanced, specialised services. Using proprietary data, analytics, and technology-driven tools, the Global Risk ... Read the full article
Ryan Specialty adds Aon Re’s Bungert to Board
11th September 2025
Ryan Specialty Holdings, Inc., an international specialty insurance firm, has appointed reinsurance industry veteran Michael G. Bungert to its Board of Directors, and as a member of its Compensation and Governance Committee, effective September 3rd, 2025. Bungert was most recently the Chairman of Aon Re Global, retiring from the position in ... Read the full article
AI to revolutionise claims handling, but human expertise remains key: PwC’s Cook
10th September 2025
Artificial intelligence (AI) is set to have a profound impact on claims handling, according to Michael Cook, partner at PwC UK, who spoke during the firm’s Global Insurance Run-Off Survey and Insights on the Legacy Market briefing at RVS 2025 in Monte Carlo. Despite advances in modern platforms, automation, and improved ... Read the full article
Sompo to deploy WTW’s Radar tech across group
10th September 2025
Sompo Holdings, Inc., one of Japan’s leading insurers, has partnered with WTW, an insurance and reinsurance broking group, to deploy its Radar technology across the insurance group to accelerate data-driven management across pricing, underwriting, and portfolio optimisation. Radar is WTW’s advanced pricing and underwriting solution designed to help insurers with predictive ... Read the full article
Atrium strengthens aviation team with Mark Connellan appointment
10th September 2025
Atrium, a specialty insurance group at Lloyd’s, has announced the appointment of Mark Connellan as Underwriter in its Aviation team. In this role, Connellan will work alongside Bassel Matta, Head of Aviation, strengthening the team’s position in the aviation market, following the recent addition of Rob James as Underwriter. He joins Atrium ... Read the full article
ZestyAI adds mitigation-aware scoring to Severe Convective Storm risk assessments
10th September 2025
ZestyAI, a company specialising in AI-driven property risk analytics, has introduced a new feature in its Severe Convective Storm risk suite that allows insurers to update risk scores based on property improvements. The company, which provides data-driven tools for assessing property vulnerability to natural hazards, said the feature enables adjustments for ... Read the full article
Fitch sees continued profitability for US P&C insurers in 2025
10th September 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, reported that the US property and casualty (P&C) insurance sector delivered notably strong underwriting results in the first half of 2025 and is expected to remain profitable through the remainder of the year. According to Fitch, the industry posted a statutory ... Read the full article
Kettle adds Kaarre as SVP of Underwriting, strengthening wildfire insurance solutions
10th September 2025
Kettle, an AI-enabled re/insurer for commercial property owners in areas affected by catastrophic climate events, has appointed Chris Kaarre as Senior Vice President (SVP) of Underwriting. Kaarre has extensive experience in the insurance industry, having worked in senior roles at Great American, WKFC, Ventus, and CapSpecialty. Her background will contribute to Kettle's ... Read the full article
MAPFRE RE’s Bueso signals stability for Jan renewals, reinforces long-term approach
10th September 2025
Speaking at the Monte Carlo Rendez-Vous de Septembre, Carmen Bueso, CUO Non-Life at MAPFRE RE, said the firm does not anticipate major changes at the 1/1 2026 renewals, maintaining its client-focused approach underpinned by strong technical discipline and a long-term perspective. "As a relevant market player, we always position ourselves ahead ... Read the full article
Tokio Marine Kiln strengthens APAC Special Risks with appointment of Phoebe Liew
10th September 2025
Tokio Marine Kiln (TMK), a specialist insurer, has named Phoebe Liew as Special Risks Underwriter with a focus on Credit and Political Risk. Based in Singapore, she steps into the role immediately and will report to Cindy Gunawan, Head of Special Risks, Asia Pacific. Liew brings almost ten years of experience in ... Read the full article
Apollo expands third-party platform with strategic partnerships and captive syndicates: RVS 2025
10th September 2025
London headquartered insurance platform Apollo is expanding its presence in the re/insurance sector, with Director of Strategic Partner Syndicates Andy Gray and Chief Engagement Officer and Head of New Business Development, Matt Newman, sharing insights around the Rendez-Vous de Septembre in Monte Carlo about the company’s evolving strategy and approach ... Read the full article
SageSure enters agreement to acquire Gemini Financial and subsidiaries
10th September 2025
SageSure has entered into a definitive agreement to acquire Gemini Financial and its subsidiaries, including Olympus MGA, the managing general agent for Olympus Insurance Company. The transaction is expected to close in the first quarter of 2026, subject to the receipt of required regulatory approvals and other customary closing conditions. As part ... Read the full article
AM Best reports strong underwriting results for US-Bermuda reinsurers amid market shifts
10th September 2025
According to AM Best, a composite of seven reinsurance groups domiciled in the US and Bermuda—where reinsurance constitutes the majority of their underwriting portfolios—continued to demonstrate favourable performance in 2024. The seven companies in the composite are Arch Capital Group Ltd., Everest Group Ltd., General Re Corporation, Odyssey Group Holdings, Inc., ... Read the full article
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