Reinsurance News
Chedid Re appoints Claude Kassab as Head of Asia-Pacific
10th September 2025
Chedid Re, an independent reinsurance broker and part of Chedid Capital, has announced the appointment of Claude Kassab as Head of Asia-Pacific (APAC). In this role, he will be responsible for managing both facultative and treaty operations across the region. Kassab brings over 25 years of experience in the reinsurance industry, having ... Read the full article
McGill and Partners reports record results, secures new credit facilities of $300m
10th September 2025
McGill and Partners has reported organic revenue growth of more than 20% in H1 2025 and a significant increase of 79% in adjusted EBITDA, against H1 2024. Alongside the announcement of these record results, McGill and Partners revealed it has also secured new credit facilities of $300 million from lenders Morgan ... Read the full article
Marco Capital acquires captive reinsurer Benteler Re
10th September 2025
European property and casualty (P&C) insurance run-off group Marco Capital has acquired Benteler Reinsurance Company DAC in an undisclosed transaction. Incorporated in January 2003, Benteler Re is a captive reinsurance company wholly owned by the Benteler Group, which was founded in 1876 and is a global Tier 1 supplier in all ... Read the full article
Reserve buffers from 2023–24 pricing still driving reinsurer profits: Berenberg
10th September 2025
While higher volumes, stronger investment income and diversification are helping offset the impact of softening prices, analysts at Berenberg believe another key driver of rising reported profits is reinsurers’ allocation of part of their strong underwriting results from the historically high pricing of 2023–24 into buffer reserves, which could slow ... Read the full article
Mark Pepper: Ascot will prioritise client selection and cat retentions in 2026 renewals
10th September 2025
In a recent Reinsurance News interview at the Monte Carlo Rendez-Vous conference, Mark Pepper, Group Chief Underwriting Officer at Ascot, the specialty re/insurance group, shared his perspective on the upcoming January 1 renewals. As Pepper explained, Ascot will continue to focus on client selection as the renewal season approaches. "It is ... Read the full article
Aviation insurance market adjusts to rising losses: Guy Carpenter
10th September 2025
Guy Carpenter, a risk and reinsurance advisory firm, reports in its Global Specialties Market Update that aviation insurance is shifting due to major airline losses and rising smaller-scale claims. In the United States, the general aviation sector is facing increasing rating pressures after a period of stability, with some segments seeing ... Read the full article
Innovations and evolution main topics for PwC at RVS ‘25
10th September 2025
At this year's RVS in Monte Carlo, the conversations have gone beyond the topic of rates and pricing, shifting to the broader evolution of the industry itself, Jim Bichard, Global Insurance Leader at PwC, stated in an interview with Reinsurance News during the yearly event. “Rates and pricing have been a ... Read the full article
JBA Risk Management launches new India crop catastrophe model
10th September 2025
UK-domiciled flood science specialist JBA Risk Management has launched an updated version of its probabilistic India crop catastrophe model for insurers and reinsurers, incorporating enhanced market data, crops, seasons, and districts to provide better risk management insights. The new model also includes insurance pricing of India’s two primary crop insurance schemes, ... Read the full article
Santam names Rob Vetch as CEO & CFO of Syndicate 1918
10th September 2025
South African general insurer Santam has appointed Rob Vetch as Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of Santam Syndicate 1918. The insurer has appointed a senior executive team to help lead Santam Syndicate 1918, following in principle approval by Lloyd’s in July 2025. Vetch has three decades of global ... Read the full article
RAA meets FEMA Review Council to propose reforms for national flood insurance programme
10th September 2025
In early 2025, President Trump established the FEMA Review Council to propose reforms aimed at improving the nation’s emergency management and disaster response systems. The Reinsurance Association of America (RAA), a trade association representing the US reinsurance industry, met with the Council this week to share recommendations for the National Flood ... Read the full article
Ben Webster named Associate Director at The Centre for Disaster Protection
10th September 2025
The Centre for Disaster Protection, an organisation dedicated to helping countries better prepare for and finance responses to disasters, has announced the appointment of Ben Webster as Associate Director, effective 8 September 2025. Webster joins the Centre from the International Federation of Red Cross and Red Crescent Societies (IFRC), where he ... Read the full article
MISSION-supported Laplace rolls out tailored insurance solutions for high-complexity corporate risks
9th September 2025
Laplace Alternative Risk Transfer Solutions, a newly established managing general underwriter (MGU) focused on alternative risk transfer (ART), has officially launched its structured insurance programmes for large corporate clients with complex or hard-to-place risks. Named after French mathematician Pierre-Simon Laplace, whose contributions laid the foundation for modern risk modelling, the company ... Read the full article
Applied Systems acquires Cytora to solidify position as insurance AI leader
9th September 2025
Applied Systems has acquired Cytora, a digital risk processing platform for the insurance industry. Applied Systems explained that the acquisition will combine Cytora’s AI-driven risk digitisation platform with Applied’s insurance solutions for agencies, carriers, and MGAs, enabling intelligent automation, connectivity, and collaboration across the policy lifecycle. For Cytora, the acquisition will reportedly ... Read the full article
Canopius Group appoints Ray Wong as Energy Underwriter in Singapore
9th September 2025
Canopius Group, a specialty and P&C re/insurer, has announced the appointment of Ray Wong as Energy Underwriter, effective 4 September 2025. Wong will be based in Singapore, joining the APAC Energy team under the leadership of Johnny Kim, Head of Energy and Construction, APAC. With more than 14 years of experience, Wong ... Read the full article
Hannover Re reports stable reinsurance pricing and strong ILS activity in 2025
9th September 2025
Hannover Re, the reinsurance group, shared its latest insights on global re/insurance markets during the 2025 Monte Carlo Rendezvous. The company reports that geopolitical tensions and ongoing conflicts continue to affect the marine and offshore energy sectors. Recent attacks on commercial shipping in the Red Sea have had limited financial impact but ... Read the full article
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