Reinsurance News
SPG acquires ANOVA Marine Insurance Services to broaden marine and logistics offerings
5th August 2025
Specialty Program Group LLC (SPG), a national operator of specialty insurance businesses, has acquired ANOVA Marine Insurance Services, LLC, a managing general agency (MGA) focused on marine, cargo, transportation, and logistics insurance. The acquisition is intended to strengthen SPG’s position in these sectors while allowing ANOVA to access broader distribution resources. ANOVA, ... Read the full article
Aon appoints Mandy Phan as Head of Production, Treaty for Asia, Reinsurance
5th August 2025
Aon’s Reinsurance Solutions, the reinsurance division of global broker Aon, has appointed Mandy Phan as Head of Production, Treaty for Asia. In her new role, Phan will lead treaty business development across Asia, with a particular focus on Southeast Asia. She will be responsible for driving growth, strengthening client partnerships, and ... Read the full article
Lemonade introduces standalone buildings insurance for UK homeowners
5th August 2025
Lemonade, a digital insurance provider using AI and operating with a focus on social impact, has introduced a buildings-only Homeowners insurance product in the UK. This launch adds to the company’s existing UK offerings and reflects its gradual expansion in the local insurance market. Lemonade entered the UK in October 2022 and ... Read the full article
Arch expands capabilities in India with two new offices and plans for a third
5th August 2025
Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has opened two new "global capabilities centres" in India at Trivandrum and Pune. These centres will enhance Arch’s ability to service its insurance, reinsurance and mortgage insurance business. According to Arch, it also aims to enable the re/insurer to tap into India’s highly skilled ... Read the full article
US captive insurance firms continue to outpace commercial market peers: AM Best
4th August 2025
According to AM Best, the longstanding factors behind the captive composite’s outperformance of the broader commercial lines market remain intact, namely, effective claims and risk management, strict control over operating costs, and a disciplined, targeted underwriting approach. AM Best noted that rated U.S. captive insurance companies reported another strong year in ... Read the full article
Applied Systems reports slower growth in Canada’s commercial insurance space in Q2’25
4th August 2025
Applied Systems, a provider of cloud-based insurance software and services, has released its second-quarter 2025 edition of the Applied Commercial Index, offering detailed insights into premium renewal trends across Canada's commercial insurance sector. According to Applied Systems, the average renewal rate increase slowed across all major commercial lines when compared to ... Read the full article
RMS founder Hemant Shah joins FortressFire’s Board
4th August 2025
FortressFire, a provider of wildfire analytics and property-specific wildfire risk management services, has announced the appointment of Hemant Shah as the company's vice chairman of the board and senior advisor. Shah, considered a pioneering figure in catastrophe modelling and climate risk analytics, is set to bring his innovative perspective to FortressFire's ... Read the full article
Specialist Risk Group acquires Ecclesia’s Dutch and Belgian operations
4th August 2025
Insurance industry intermediary, Specialist Risk Group (SRG), has completed the previously announced acquisition of German broker Ecclesia’s businesses in the Netherlands and Belgium, marking its formal entry into mainland Europe. The acquired businesses, BS&F, Concordia, Ecclesia BV, Finance & Insurance, IC Verzekeringen NV – CI Assurances SA, Sibbing, and XOLV ... Read the full article
Matthew Washington named CEO of Probitas 1492
4th August 2025
Matthew Washington has been appointed CEO of Probitas 1492, a specialist Lloyd’s syndicate focused on property, casualty and specialty re/insurance, owned outright by UK insurer Aviva following its acquisition in mid‑2024. Washington assumes the new role alongside his current position as Managing Director of Aviva's Global Corporate & Specialty (GCS) ... Read the full article
Corebridge closes largest portion of variable annuity reinsurance deal with Venerable
4th August 2025
Corebridge Financial, Inc. has announced the successful closure of the largest portion of its previously announced reinsurance agreement with Corporate Solutions Life Reinsurance Company, an insurance subsidiary of Venerable Holdings, Inc. The transaction, which reinsures all Individual Retirement variable annuities issued by American General Life Insurance Company (AGL), marks a significant ... Read the full article
CyberCube and Wholesure partner to expand cyber insurance capabilities for SMBs
4th August 2025
CyberCube, a provider of cyber risk analytics for the insurance sector, has entered into a strategic partnership with Wholesure, the wholesale brokerage arm of Acrisure, a global fintech and insurance brokerage firm. As part of the collaboration, Wholesure will license CyberCube’s Broking Manager and CyberConnect solutions to improve cyber insurance services ... Read the full article
Brown & Brown completes RSC Topco acquisition
4th August 2025
Brown & Brown, an insurance brokerage and risk management firm, has completed its previously announced acquisition of RSC Topco, Inc., the holding company for Accession Risk Management Group, Inc. The deal, first announced in June 2025, was finalised for a gross purchase price of $9.825 billion, according to the original ... Read the full article
CNA posts net income of $299m, P&C CoR strengthens to 94.1% in Q2’25
4th August 2025
Chicago-domiciled insurer CNA Financial Corporation reported net income of $299 million for the second quarter of 2025, down from $317 million in the same period last year. Core income in Q2’25 rose to $335 million, up from $326 million in Q2’24. Net investment income increased by 7% to $662 million pretax, while ... Read the full article
Atrium enters weather and climate insurance market, Byrns to lead new team
4th August 2025
Atrium, a specialty insurance group at Lloyd’s, has entered the weather and climate insurance market with the appointment of weather insurance veteran Dr Ed Byrns as Head of Weather & Climate. Led by Byrns, the Weather and Climate Insurance team will focus on providing non-damage business interruption coverage to large commercial ... Read the full article
Aspen announces new leadership role for international and UK casualty insurance
4th August 2025
Aspen Insurance Holdings Limited has announced the appointment of Ryan Cushway as Head of International and UK Casualty Insurance, a newly established position effective August 1, 2025. Cushway, who joined Aspen in 2017, has held several senior underwriting roles. Since January 2023, he has led the UK Casualty portfolio, consistently producing ... Read the full article
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