Reinsurance News
Lloyd’s posts 6% rise in GWP and profit of £4.2bn for H1’25
4th September 2025
Lloyd's, the specialist insurance and reinsurance marketplace, generated gross written premium (GWP) of £32.5 billion in the first half of 2025, while the underwriting result contracted to £1.5 billion as the Los Angeles, California wildfires pushed the combined ratio to 92.5%. Top-line growth of 6% year-on-year was driven by volume growth ... Read the full article
Steadfast Group continues expansion US MGA Novum
4th September 2025
Steadfast Group, an Australian insurance broker, has announced the acquisition of a majority stake in Novum Underwriting Partners LLC, an US-based specialty managing general agency (MGA) and wholesale brokerage. Established in Ohio in 2019, the business is underpinned by a proprietary technology platform, Novum Online, to offer a suite of services. This ... Read the full article
KCC appoints Milan Simic as Global Strategy Advisor
4th September 2025
Karen Clark & Company (KCC), a provider of catastrophe risk modelling solutions, has announced the appointment of Dr. Milan Simic as Global Strategy Advisor. In this role, Simic will lead global growth initiatives and manage international client relationships. Based in London, he will report to Karen Clark, Co-Founder and CEO of ... Read the full article
Neptune Insurance files for IPO on the New York Stock Exchange
4th September 2025
Neptune Insurance Holdings Inc., the parent company of Neptune Flood Incorporated, has announced the public filing of a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its Class A common stock. The company intends to list its shares on the New ... Read the full article
Descartes Underwriting appoints Sébastien Bardy as CFO
4th September 2025
Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has appointed Sébastien Bardy to the newly created role of Chief Financial Officer (CFO). Bardy will report to CEO Tanguy Touffut and lead Descartes’ financial scale-up with a focus on value creation for stakeholders. He will build ... Read the full article
Everest names Voralia CUO for Global Reinsurance
3rd September 2025
Everest Reinsurance, the reinsurance division of Everest Group, has announced the appointment of Jiten Voralia as Chief Underwriting Officer (CUO) for Global Reinsurance, effective immediately. Voralia will be succeeding Chris Downey, who was recently promoted to EVP and Group CUO, and will report to Jill Beggs, EVP and CEO of Reinsurance. In ... Read the full article
Reinsurance increasingly a buyer’s market as focus shifts to growth: Rousseau, Guy Carpenter
3rd September 2025
Laurent Rousseau, CEO of EMEA and Global Capital Solutions at reinsurance broker Guy Carpenter, said recently that the reinsurance industry is "clearly and increasingly in a buyer's market" and stressed that as returns continue to rise, insurers and reinsurers are looking to grow both organically and through M&A. Guy Carpenter, the ... Read the full article
Oceanview Re names Timothy Gasaatura as President & CEO
3rd September 2025
Oceanview Reinsurance Ltd. (Oceanview Re), a subsidiary of Oceanview Holdings Ltd., has announced the appointment of Timothy Gasaatura as President and CEO. Gasaatura succeeds Stelian Dragan, who has chosen to relocate to the US after serving as President and CEO of Oceanview Re for the past three years. Since June 2024, Gasaatura ... Read the full article
Thompson to succeed Schaefer as President & CEO of Hannover Re US
3rd September 2025
Hannover Life Reassurance Company of America (Hannover Re US) has announced key leadership appointments, effective January 1, 2026, including the promotion of Clint Thompson to President and Chief Executive Officer (CEO). Thompson will be succeeding Pete Schaefer, who will retire on December 31, 2025, after more than two decades of service ... Read the full article
Aon to sell majority of NFP’s wealth business to Madison Dearborn Partners
3rd September 2025
Aon, a global re/insurance broking group, has signed a definitive agreement to sell a significant majority of NFP's wealth business to Madison Dearborn Partners, LLC, a Chicago-based private equity investment firm, for a total consideration estimated to be $2.7 billion at the time of close. NFP is a subsidiary of Aon and ... Read the full article
Gallagher adds Andy Winwood as a Senior Executive
3rd September 2025
Insurance and reinsurance broking group Gallagher has appointed Andy Winwood as a Senior Executive, where he will support Nadim Semaan, Senior Executive Officer, in running the firm's Middle East & Africa business focusing on large clients, market engagement, business development, and regional expansion. Winwood had 35 years of insurance industry experience. ... Read the full article
Davies launches specialist P&C wholesale broker AG London
3rd September 2025
Davies, a professional services and technology provider for the insurance and regulated markets, has launched Assurex Global London Limited (AG London), a bespoke specialist property and casualty wholesale brokerage. AG London, part of the Assurex Global group - an exclusive partnership of independent agents and brokers, aims to provide enhanced services ... Read the full article
Brown & Brown COO Steve Hearn to lead all operations outside NA
3rd September 2025
Brown & Brown, an insurance brokerage and risk management firm, has announced that Steve Hearn, Chief Operating Officer (COO), will lead all operations outside of North America across both the Retail and Specialty Distribution segments. Hearn brings 35 years of insurance industry experience. He joined Brown & Brown in August 2024 ... Read the full article
Increased demand drives LatAm reinsurance growth despite challenging conditions: AM Best
3rd September 2025
Despite the challenging conditions in Latin America in 2025, reinsurance markets in the region continue to expand, driven by increased demand and greater dynamism, according to a recent AM Best report published ahead RVS 2025 in Monte Carlo. One of the challenges is that disinflation is slowing and economic growth is ... Read the full article
CFC appoints Jane Poole as Group CFO
3rd September 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has announced the appointment of Jane Poole as Group Chief Financial Officer (CFO). Poole succeeds current Group CFO Michael Grist, who has served for nearly 16 years. Grist will step back from day-to-day responsibilities later this year but will remain ... Read the full article
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