Reinsurance News
W. R. Berkley appoints Hale Johnston President of Berkley Net
25th November 2025
W. R. Berkley Corporation, a commercial lines property and casualty insurance provider, has recently announced that Hale Johnston has been appointed president of Berkley Net, one of its subsidiary companies, effective immediately. Johnston succeeds Brian Douglas, who has led Berkley Net since 2018 after joining the company in 2006, and who ... Read the full article
ICA declares Queensland hailstorms an Insurance Catastrophe as claims surge
25th November 2025
The Insurance Council of Australia (ICA) has declared an Insurance Catastrophe for the strong winds and damaging hail that impacted South East Queensland between Sunday, 23 November and Monday, 24 November, noting that insurers have already received more than 16,000 claims across more than 140 postcodes for the event, which ... Read the full article
Lack of discipline in unprofitable US cyber market is somewhat surprising: Beazley CEO
25th November 2025
Adrian Cox, Chief Executive Officer of specialist insurer Beazley, said this morning that the US cyber insurance market is now unprofitable and continues to soften given the active claims environment. London headquartered Beazley reported today that within its cyber risks division, premiums are down 8% for 9M'25 from 6% at ... Read the full article
HBC Group expands into Nordics with Danish agency DUAN acquisition
25th November 2025
HBC Group, one of the leading insurance intermediary groups in the German-speaking region, has expanded its international marine expertise and Nordic market footprint with the acquisition of DUPI Underwriting Agencies Nordics A/S (DUAN). DUAN, a Danish underwriting agency based in Copenhagen, was founded in 2017 and has quickly established itself as ... Read the full article
Beazley reveals new Bermuda platform as 9M’25 premiums rise
25th November 2025
As specialist insurer Beazley announces a solid set of results for the first nine months of 2025, albeit with muted 1% year-on-year growth in insurance written premiums, the London headquartered firm has also unveiled a new Bermuda platform to support growth from 2026. Beazley will invest $500 million to build out ... Read the full article
Oliver Delvos named Head of Cyber and Tech E&O, Europe at Liberty Specialty Markets
25th November 2025
Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, has appointed Oliver Delvos as head of cyber and tech E&O for Europe, effective 1 December 2025. Based in Germany, Delvos will report to Pierre-Edouard Fraigneau, president and chief underwriting officer for Europe at LSM, and collaborate with the global ... Read the full article
Pro Global launches SRA-registered law firm Pro Legal
25th November 2025
Pro Global, an advisor for the specialist insurance sector, has announced the launch of Pro Legal Solutions Ltd (Pro Legal), its Solicitors Regulation Authority (SRA) registered law firm designed to streamline complex claims litigation. Pro Legal has been developed to handle all stages of complex exposure-based employer/public liability, disease, illness, and ... Read the full article
1B-i appoints Dr. John Morley as CEO, establishes operational entity
25th November 2025
1B-i Holdings Limited, a specialist insurance group focusing on digital assets, technology, and transition economy, has appointed Dr. John Morley as its Chief Executive Officer (CEO). The company has also confirmed the establishment of its management services entity and has commenced discussions with relevant regulatory authorities to receive full underwriting authorisation. The ... Read the full article
Data centres could generate $5–$11bn in annual premiums: Goldman Sachs
24th November 2025
Goldman Sachs analysts estimate that the data centre opportunity for the insurance sector could generate $5–$11 billion in annual premiums over the next several years, with an annual broker revenue opportunity of roughly $250 million–$1 billion. Analysts said discussions around data centre opportunities within the insurance sector have increased since Read the full article
Counterpart expands affirmative AI coverage to help small businesses address the emerging risk
24th November 2025
Insurtech Counterpart has expanded its Affirmative AI Coverage, and added a Technology E&O Insuring Agreement to address the new and complex risks many companies are now exposed to as a result of businesses adopting artificial intelligence (AI) tools. While reliance on AI tools grows, traditional insurance policies have largely failed to ... Read the full article
Proxy firms differ on Tiptree’s sale of Fortegra to DB Insurance
24th November 2025
Proxy advisory firms have split in their assessments of Tiptree Inc.’s proposed sale of its specialty insurer Fortegra to DB Insurance, setting the stage for a contentious shareholder vote at the company’s Special Meeting on December 3rd. The deal, announced in September, would see DB Insurance, South Korea’s second-largest non-life ... Read the full article
Apollo promotes Jackson to Head of Marine, Energy & Transportation, Mason to retire
24th November 2025
Martin Jackson will succeed Simon Mason as Head of Marine, Energy & Transportation at Apollo, the specialist Lloyd’s re/insurance group, effective 1st January 2026, following Mason's retirement. Mason, who has been with Apollo since 2013, will remain available to support the business during the upcoming reinsurance renewals, continuing to provide advice ... Read the full article
WFP calls for disaster risk financing expansion amid cat-driven food insecurity
24th November 2025
At COP30, the United Nations World Food Programme (WFP) warned that a 1°C rise in global temperatures could thrust an additional 70 million people into food insecurity across the 45 countries where it operates, highlighting the urgent need to expand disaster risk financing. The programme continued, "Extreme weather is exacerbating a ... Read the full article
Farmers Insurance eliminates cap on homeowners policies offered in California
24th November 2025
Farmers Insurance, the largest property casualty insurer headquartered in California, has decided to eliminate the cap on the number of homeowners insurance policies it offers in the state, including Farmers Smart Plan Home, Farmers Smart Plan Condominium, and Farmers Smart Plan Renters policies, effective immediately. This move is motivated by the ... Read the full article
MPs urge expansion of government reinsurance schemes as cyber threats rise
24th November 2025
The Business and Trade Committee, responsible for scrutinising the Department for Business and Trade, has urged the Government to urgently expand reinsurance schemes like Pool Re to support private markets and bolster business resilience, particularly against cyber threats. In its Eleventh Report of Session 2024–26, the Committee underscored re/insurance as a ... Read the full article
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