Reinsurance News
Vienna Insurance Group to acquire NÜRNBERGER Beteiligungs-AG
21st October 2025
Vienna Insurance Group (VIG), an insurance group in Central and Eastern Europe, has signed a Business Combination Agreement with NÜRNBERGER Beteiligungs-AG. Under this agreement, VIG will make a voluntary public purchase offer to the shareholders of NÜRNBERGER, offering EUR 120.00 in cash per share. The proposed price represents a 173% premium over ... Read the full article
Gallagher Re adds Andrew Phelan as Chairman of Global Credit, Surety, and Political Risk
20th October 2025
Gallagher Re, a global reinsurance brokerage and risk advisory firm, has appointed Andrew Phelan as Chairman of Global Credit, Surety (except US), and Political Risk. In his new role, Phelan will be based in Bermuda and focus on expanding the broker’s presence across the UK and International markets. Most recently, Phelan served ... Read the full article
Nothing unexpected in conversations around price and T&Cs ahead of renewals: Hannover Re’s Steinmann
20th October 2025
Thorsten Steinmann, CEO of E+S Rück and Member of the Executive Board for Hannover Re, said today that with many reinsurers achieving a return on equity (ROE) of more than 20%, it's normal to have conversations around price and terms and conditions (T&Cs). This afternoon, E+S Rück, the reinsurer for the ... Read the full article
Acrisure Re names Dan Morrison as SVP
20th October 2025
Acrisure Re, the re/insurance division of global fintech company Acrisure, has announced the appointment of Dan Morrison as Senior Vice President (SVP). In his new role, Morrison will support Acrisure’s in-house U.S. delegated underwriting team, a key client for Acrisure Re through its growing program portfolio. He will lead initiatives to ... Read the full article
Property renewal rates decline amid stable market conditions: CRC Group
20th October 2025
CRC Group, a wholesale insurance services provider, reports the findings of its Property REDY® Index for the third quarter of 2025, revealing a continuation of the softening landscape. The REDY Index uses CRC Group’s extensive collection of industry data to track monthly pricing trends, offering a reference point for brokers and ... Read the full article
Laurence Upton to lead Marine and Aviation at Tysers
20th October 2025
Tysers, an independent Lloyd’s insurance broker and part of the Australian AUB Group, has appointed Laurence Upton as Director of its Marine and Aviation Division. In his new role, Upton will drive the development of Tysers’ London market Facultative Solutions within the Reinsurance Division, strengthening the client offering. Upton has over two ... Read the full article
MNK International continues global expansion with new Türkiye acquisition
20th October 2025
MNK International, an independent Lloyd’s broker, has expanded its global presence with a new broker acquisition in Türkiye. With operations headquartered in Istanbul, MNK International Türkiye will focus on insurance and reinsurance solutions across a range of complex and specialty risks, offering tailored solutions across all business lines including property, engineering, ... Read the full article
NewRe highlights key risk drivers in the European casualty market: Urban & Braune
20th October 2025
While broad shifts across the European casualty market are not expected, certain segments are experiencing the effects of key risk factors. Iris Urban, Chief Underwriting Officer P&C at NewRe, noted that developments such as claims inflation are driving loss costs, which need to be reflected in pricing, wording, and structures ... Read the full article
Brown & Brown names COO Steve Hearn as President of Retail segment
20th October 2025
Steve Hearn has been named as President of the Retail segment at insurance brokerage firm Brown & Brown, Inc. , a new role he will hold while continuing his responsibilities as the company’s Chief Operating Officer (COO). His appointment is a strategic decision to ensure business continuity and accelerate growth ... Read the full article
MS Amlin signs multi-year deal with CyberCube to advance cyber growth strategy
20th October 2025
Lloyd’s global insurer and reinsurer MS Amlin has signed a multi-year contract with CyberCube, a provider of cyber risk analytics for the re/insurance industry, to leverage its tools in support of the growth of its cyber portfolio and treaty business. MS Amlin will utilise CyberCube’s Portfolio Manager, Attritional Loss Model (ALM), ... Read the full article
Gallagher creates India parametric pandemic policy reinsured by Munich Re
20th October 2025
Insurance and reinsurance broker Gallagher has structured and placed a tailored risk solution for the Indian market, with The Phoenix Mills Ltd. becoming the first insured in India to be covered against business interruption losses as a result of pandemic or epidemic outbreaks based on parametric triggers. New India Assurance, India's ... Read the full article
AXA XL appoints Martin Kriegler Global Head of Multinational Solutions Services
20th October 2025
AXA XL, the property, casualty and specialty risk division of AXA, has announced the appointment of Martin Kriegler as Global Head of Multinational Solutions Services. Kriegler brings to his new role over a decade of industry experience. Prior to his new role, he served as AXA XL’s Head of Multinational Solutions ... Read the full article
ARC makes $5.4m parametric payout to support Mozambique’s climate disaster response
20th October 2025
In response to recent climate disasters, the 2024/25 drought and Tropical Cyclone Chido, the African Risk Capacity (ARC) Group made a combined parametric insurance payout of $5.4 million to the Government of the Republic of Mozambique and the World Food Programme (WFP). The Government of Mozambique received just over $1.8 million ... Read the full article
Sollers Consulting report reveals major gaps in AI preparedness across the insurance industry
20th October 2025
A new report from Sollers Consulting, a business and IT consultancy specialising in digital transformation for insurers and financial institutions, reveals that artificial intelligence (AI) has firmly established itself in the insurance industry, particularly in claims processing. However, the study also finds significant variation between companies in their ability to implement ... Read the full article
Liberty Mutual Re names Andreas Blosche as Head of Northern Europe
20th October 2025
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual Insurance Group, has announced the appointment of Andreas Blosche as Head of Northern Europe. Blosche succeeds Hans Van Oort, who has retired after six years with the company. Blosche assumes full responsibility for the region after serving two years as Deputy ... Read the full article
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