Reinsurance News
Lloyd’s market secures three-year continuation of FCP Service with new contract
24th November 2025
The Lloyd’s Market Association (LMA), LIMOSS and Vitesse have signed a new contract to continue the market-wide FCP Service for a minimum of three years, reaffirming their commitment to an insured-first approach that accelerates claims payments and returns capital to carriers’ balance sheets. According to the LMA, the FCP solution helps ... Read the full article
Aon warns against drawing quick conclusions from PRA’s LIST 2025: Lizzie Hawkins
24th November 2025
The insurer-specific results of the PRA Life Insurance Stress Test (LIST 2025) demonstrate a good degree of financial resilience across in-scope insurers, however, Lizzie Hawkins, insurer due diligence specialist in the Aon Risk Settlement Group, warns against drawing quick conclusions from the results. Published on 17 November 2025, PRA’s LIST ... Read the full article
Competitive pension risk transfer cost dips to 100.1% during October
24th November 2025
The estimated cost for transferring retiree pension risk to an insurer saw a slight but significant decrease in October, to 100.1%, according to the latest figures from the Milliman Pension Buyout Index (MPBI). The estimated cost to transfer pension risk through a competitive bidding process declined from 100.5% to 100.1% of ... Read the full article
Jean Edwards Consulting CEO Edward Nnadi on two decades of zero client churn
24th November 2025
In a recent Reinsurance News interview, Edward Nnadi, CEO of Jean Edwards Consulting, reflected on how the firm has advanced from a specialist software outfit into a respected InsurTech partner over the past twenty years. The company, which began as a niche software and consulting house focused on reinsurance operations, has ... Read the full article
Howden names Alaric Lee as Chief Commercial Officer, Asia
24th November 2025
Howden has appointed Alaric Lee as Chief Commercial Officer, Asia, effective 1 December 2025. Lee brings more than 15 years of leadership experience at Marsh, having progressed through a series of increasingly senior roles across London, Hong Kong and Asia. He began his career in 2010 as a Client Executive in Marsh ... Read the full article
Moody’s notes steadier growth in US life insurers’ CLO Holdings
24th November 2025
The credit analysis and research firm Moody’s Ratings reports that US life insurers continue to expand their investments in collateralised loan obligations, though the pace of increase has become more measured compared with previous years. The agency attributes this to insurers distributing new funds across a broader suite of private assets, ... Read the full article
Skyward Specialty promotes John Burkhart to President, US P&C
24th November 2025
Skyward Specialty Insurance Group, a property and casualty (P&C) specialist insurer, has promoted John Burkhart to President, US Property & Casualty, Skyward Specialty Insurance. This promotion aligns with the firm's broader strategy for talent and operational leadership, supporting the growth and strategic development of its US-based business. In this expanded role, Burkhart ... Read the full article
AM Best raises ratings for Junto Re and Junto Seg, sets stable outlook
24th November 2025
Credit rating agency AM Best has raised the Financial Strength Rating of Junto Resseguros S.A. (Junto Re) and Junto Seguros S.A. (Junto Seg) to A (Excellent) from A- (Excellent). The Long-Term Issuer Credit Ratings were also lifted to “a” (Excellent) from “a-” (Excellent). Both firms, headquartered in Brazil and collectively known ... Read the full article
BOXX to help businesses & individuals build resilience with Cyberboxx Assist
24th November 2025
Insurtech firm BOXX Insurance has launched a comprehensive suite of cybersecurity tools and services that have been designed to build digital resilience. Cyberboxx Assist is a robust suite of tools designed to help businesses and individuals not only predict, prevent, and respond to cyber attacks but also to mitigate the risk ... Read the full article
European and US P&C markets heading towards “progressively softer” environment: Autonomous
21st November 2025
The global insurance industry is heading towards a “progressively softer market environment,” with pricing momentum deteriorating across most European and US property and casualty (P&C) lines, according to a recent Autonomous report. While the report states that this is not yet a “full-blown soft cycle,” as only the UK & Ireland ... Read the full article
Gallagher Re Chairman Paddy Jago to retire in 2026
21st November 2025
Patrick (Paddy) Jago, Chairman of global reinsurance brokerage Gallagher Re, is set to retire at the end of 2026, concluding a 50-year career in the industry. During his time as Global Chairman, Jago served on the executive committee, working closely with the CEO to drive the firm’s strategic direction. He also led ... Read the full article
Crawford & Company names Bruce Swain as Interim President & CEO
21st November 2025
Crawford & Company, a global provider of claims management and outsourcing solutions to insurance companies and self‐insured entities, has announced that Bruce Swain will assume the role of Interim President & Chief Executive Officer (CEO). This follows Rohit Verma’s decision to step down to pursue a new opportunity, effective December 31, ... Read the full article
Majesco to acquire Vitech, expanding cloud-native insurance and pension technology capabilities
21st November 2025
Majesco, a provider of cloud-native, AI-driven software for the P&C and L&AH insurance segments, has announced an agreement to acquire Vitech, a developer of cloud-based pension and benefits administration solutions. The transaction will establish Majesco as a provider of core technology for the Group & Benefits and Retirement & Pension markets. ... Read the full article
AM Best turns positive on AIG and its P&C subsidiaries
21st November 2025
Credit rating agency AM Best has revised the outlooks of American International Group, Inc.’s (AIG) property/casualty (P&C) insurance subsidiaries (AIG PC) to positive from stable, while affirming the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent). Concurrently, AM Best has revised ... Read the full article
S&P expects continued expansion of PRT market
21st November 2025
S&P Global Ratings anticipates that the transfer of pension risks to the life insurance industry will continue to grow over the next decade, noting that insurers’ robust capital buffers and prudent mortality assumptions are limiting downside rating risks. S&P’s recent report, “Insuring Longevity Risk In An Aging World,” stated that for ... Read the full article
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