Reinsurance News

Prudential backed Prismic Life raises $1.3bn to expand its reinsurance platform

18th November 2025

Prismic Life Holding Company, LP (Prismic) has raised $1.3 billion in its third successful capital raise, sponsored by Prudential Financial, Inc. (PFI) and Warburg Pincus, and supported by participation of a global consortium of investors, providing the firm with additional capacity to grow its reinsurance platform. Prismic is a Bermuda-exempted limited ... Read the full article

SageSure to underwrite policies issued by Trium Syndicate 1322 after receipt of Lloyd’s Coverholder and DCA status

18th November 2025

Large, US catastrophe-exposed focused managing general underwriter (MGU), SageSure, is now an official Coverholder and Delegated Claims Administrator (DCA) at Lloyd’s after approval from the marketplace, enabling the firm to underwrite policies issued by Trium Syndicate 1322. The partnership with Trium Syndicate 1322 at Lloyd’s, rated “A+” (Superior) by global ratings ... Read the full article

Liberty General Insurance introduces Surety Solutions in India

18th November 2025

Liberty General Insurance Ltd., part of the Liberty Mutual group, a long-standing insurance organisation, has introduced Surety Insurance in India. The move follows the IRDAI framework that allows Surety products to function alongside bank guarantees, expanding the range of financial instruments available within the country’s construction and infrastructure sectors. The Surety offerings ... Read the full article

TMK appoints Cesar Silvestre as Head of Cyber Reinsurance Solutions

18th November 2025

Tokio Marine Kiln (TMK), a global specialty insurer, has announced the appointment of Cesar Silvestre as Head of Cyber Reinsurance Solutions. The appointment follows TMK’s September launch of its enhanced flagship cyber offering, TMK Cyber Ctrl, which includes expanded products and revised wordings, such as the new Professional Ctrl policy ... Read the full article

Aon unveils framework to accelerate re/insurer investment in sustainable energy

18th November 2025

With global premiums forecast to exceed $9 billion by 2030, Aon has launched the Low-Carbon Transition Framework for Insurers, a seven-step process aimed at driving re/insurer engagement with the sustainable energy sector, which, through their capital support, will reportedly increase the viability of low-carbon energy projects and drive climate resilience. "The ... Read the full article

Jenner to lead Howden’s new Global Financial Sponsors division

18th November 2025

Emily Jenner has joined Howden as Managing Director (MD) of its new Global Financial Sponsors (GFS) division, a specialist practice for large private equity and alternative investment clients. As MD, Jenner will run a dedicated team focused on supporting financial sponsors throughout the entire deal lifecycle. This support will span from initial ... Read the full article

LMA appoints six new members to its Next Gen Legal Committee

18th November 2025

The Lloyd’s Market Association (LMA) has announced the appointment of six new members to its Next Gen Legal Committee. The committee brings together legal leaders to foster collaboration across the market. Members will contribute to essential projects and address key legal issues currently impacting the industry. The new appointments are:

• Angela Gormley,

Insurers flag SCS as top threat in new Demex survey

18th November 2025

According to a survey commissioned by reinsurance MGA Demex, insurance company executives consider severe convective storms (SCS) to be the top peril in terms of balance-sheet impact, underscoring aggregate loss coverage for working-layer property risks as a viable solution for transferring this exposure. The survey, distributed to American Property Casualty Insurance ... Read the full article

Doha Insurance expands regional footprint with new Saudi Arabia branch

18th November 2025

The Doha Insurance Group (DIG), a provider of insurance and reinsurance solutions in the Middle East and North Africa region, has obtained approval from the Qatar Central Bank to establish a new branch in the Kingdom of Saudi Arabia. The new branch will be based in the King Abdullah Financial District ... Read the full article

Hannover Re names Yan Sun as Head of Life & Health, Greater China

18th November 2025

As part of its ongoing growth strategy in Asia, Hannover Re has appointed Yan Sun as Head of Life & Health, Greater China. Based in Hong Kong, Sun will oversee the firm’s Life & Health operations across Greater China, a pivotal market in Hannover Re’s regional expansion plans. The firm commented, "With ... Read the full article

UK life insurers ‘resilient’ to severe financial markets stress: PRA’s LIST 2025

18th November 2025

Major UK life insurers, particularly the eleven largest firms active in the bulk purchase annuity (BPA) market, are resilient to a severe but plausible financial markets stress scenario, according to the recently published Prudential Regulation Authority (PRA) 2025 Life Insurance Stress Test (LIST 2025). Conducted for the third time, this exercise ... Read the full article

French insurance sector stabilises, but political uncertainty looms: Moody’s

18th November 2025

Moody’s, the credit rating agency, has revised its outlook on France’s insurance industry, signalling a shift to stability in the property and casualty (P&C) segment while maintaining a stable view on the life insurance sector. The agency notes that profitability across the P&C market is beginning to recover as premium increases ... Read the full article

Rob Malone promoted to US Head of Cyber at AXA XL

18th November 2025

Rob Malone has served as Head of Large Accounts and Portfolio Management since January 2025, but effective immediately, takes on the role of US Head of Cyber at AXA XL, the property and casualty division of global insurer AXA Group. In his new role, Malone will lead AXA XL's strategic growth ... Read the full article

Gary Haase joins Everest as CEO of Legacy Operations

18th November 2025

Bermuda-based insurer and reinsurer, Everest Group, has appointed Gary Haase as Executive Vice President (EVP) and Chief Executive Officer (CEO) of Legacy Operations, effective December 1st, 2025. Haase reports to Jim Williamson, Everest’s President and CEO, and will join the re/insurer's executive leadership team. In the new role, Haase will lead the ... Read the full article

MGA Augmented names Luke Overall as Head of Underwriting

18th November 2025

Augmented, a tech-powered managing general agent (MGA) launched in July 2025, has announced the appointment of Luke Overall as Head of Underwriting. In his new role, Overall will lead the underwriting team, working closely with brokers and carriers to build data-led portfolios that match capacity to risk. He will also leverage ... Read the full article