Reinsurance News
RLI Corp. promotes Cathy Martin to Vice President, E&S Excess Liability
23rd October 2025
Specialty insurer RLI Corp. has promoted Cathy Martin to Vice President, Excess and Surplus (E&S) Excess Liability. In her new role, Martin will lead RLI’s E&S Excess Liability business and also co-lead the RLI E&S Casualty Brokerage Group alongside Chris Hughs, Vice President, E&S General Liability. Martin joined RLI in 2007 as ... Read the full article
Jaguar Land Rover attack most economically damaging cyber event to hit UK: CMC
23rd October 2025
The Cyber Monitoring Centre (CMC) has disclosed that the recent cyberattack targeting Jaguar Land Rover (JLR) inflicted an estimated £1.9 billion in financial damage across the UK and disrupted more than 5,000 organisations, marking the most economically devastating cyber incident in the nation’s history. For those in need of a reminder, ... Read the full article
Novatae Risk Group hires Kimberly Jenkins as COO
23rd October 2025
Novatae Risk Group, a wholesale insurance brokerage, managing general agency, and program manager, has appointed Kimberly Jenkins as its new Chief Operating Officer (COO). In this role, Jenkins will oversee Novatae's operations and business strategy, leading initiatives to drive profitable growth through enhanced operational effectiveness, evolving systems and infrastructure, and building ... Read the full article
Starr authorised to offer re/insurance and establish branch office in GIFT City, India
23rd October 2025
Starr, an insurance and investment organisation, has announced that it has obtained registration from the International Financial Services Centres Authority (IFSCA) to establish a branch office in the Gujarat International Finance Tec-City (GIFT City), India. Starr is a global insurance and investment organisation offering commercial property and casualty products, as well ... Read the full article
Linda Ng appointed Head of Property & Multi-Lines for Sompo Insurance Singapore
23rd October 2025
Sompo Asia Pacific has announced the appointment of Linda Ng as Head of Property & Multi-Lines, Sompo Insurance Singapore, effective immediately. Based in Singapore, NG will report directly to Li Lian Soong, Head of Property, Asia Pacific (APAC). In her new role, the executive will be responsible for leading the Singapore Property ... Read the full article
Member experience key to insurer selection in pension buy-ins and buy-outs: Hymans Robertson
22nd October 2025
As the pension risk transfer market evolves and grows increasingly competitive, member experience has become a defining factor for trustees when selecting insurers for buy-in and buy-out transactions, according to pensions and financial services consultancy Hymans Robertson. The firm noted that pension schemes which prioritise member experience early in their buy-in ... Read the full article
Guy Carpenter welcomes Katsuras as Managing Director
22nd October 2025
Gus Katsuras has joined risk and reinsurance advisory firm Guy Carpenter as a Managing Director, based in Toronto. Katsuras will leverage his extensive experience in account executive roles, combining client management with new business development, to support Property and Casualty clients across Canada and the United States. The executive is joining the ... Read the full article
Argentina’s insurance sector faces ongoing challenges amid regulatory reforms, says AM Best
22nd October 2025
AM Best, the credit rating agency, reports that Argentina remains a challenging environment for insurers despite major regulatory reforms. High inflation, currency depreciation, and investment uncertainty continue to pressure solvency ratios and complicate capital management, according to AM Best’s latest commentary. The agency notes that Argentina’s insurance sector is undergoing significant regulatory ... Read the full article
Chubb won’t chase property cat reinsurance: CEO Evan Greenberg
22nd October 2025
As property insurance and reinsurance markets soften, Evan Greenberg, Chairman and Chief Executive Officer (CEO) of global insurer Chubb, emphasised that the firm is not going to chase property catastrophe reinsurance business unless it is priced adequately. Greenberg made these comments on the carrier's recently held earnings call, during which executives ... Read the full article
Gallagher appoints Corey Tidey as Head of Natural Resources, Executive Director
22nd October 2025
Gallagher, the global insurance and reinsurance broking group, has appointed Corey Tidey as Head of Natural Resources – Executive Director. Tidey brings nearly 15 years of industry experience, with deep expertise in construction and energy re/insurance across Australia, Europe, the Middle East, and Asia. His experience spans underwriting, broking, consulting, and ... Read the full article
AWS outage could represent a moderate cyber re/insurance event: CyberCube
22nd October 2025
In a new Security Incident Report (SIR) created following the Amazon Web Services (AWS) outage, CyberCube, a provider of cyber risk analytics for the re/insurance industry, highlights the systemic risk from concentrated cloud-provider dependencies, revealing the exposure of digital ecosystems to a single cloud region/critical service failure. CyberCube’s SIR report explained, ... Read the full article
APRA refines reinsurance reforms to boost flexibility amid shifting market conditions
22nd October 2025
In a new response paper refining its proposed updates to the general insurance reinsurance framework, the Australian Prudential Regulation Authority (APRA) has outlined plans to enhance access to alternative reinsurance arrangements while safeguarding policyholder interests, reaffirming its focus on future-proofing the framework to support insurers’ flexibility when market conditions tighten ... Read the full article
Willis expands Global Risk & Analytics unit, rebrands Forensic Accounting team
22nd October 2025
Insurance broker Willis, a WTW business, has established a newly created Forensic Accounting & Valuation Services team, expanding its valuation capabilities globally. The firm has made key senior leadership appointments and globally rebranded its Forensic Accounting team, representing a key expansion of its Global Risk & Analytics (R&A) business. As part of ... Read the full article
Ageing populations to reshape the future of life insurance: Swiss Re
22nd October 2025
Swiss Re, the reinsurance company based in Zurich, reports that demographic changes are set to transform the life insurance industry over the coming decades. In its latest sigma publication, the company highlights that by 2050, around one quarter of people in advanced economies will be aged 65 or older. This development, ... Read the full article
Christophe Letondot returns to AIG as Global Head of Credit Lines
22nd October 2025
Global insurer AIG has announced the appointment of Christophe Letondot as Global Head of Credit Lines. Letondot is returning to AIG bringing over three decades of international experience across insurance, banking, and capital markets. In his new role, he will lead the company’s global Credit portfolio that includes Trade Credit, Trade Finance, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
