Reinsurance News
Wayne Ashley named President of Berkley Re UK
5th August 2025
Insurance holding company W. R. Berkley Corporation has announced the appointment of Wayne Ashley as President of Berkley Re UK Limited, effective October 2025, and confirmed that he will take over as Chief Executive Officer (CEO) of the company in 2026. Current CEO of Berkley Re UK, Claire Himmer, will continue ... Read the full article
Toa Re sees net income growth in FY’25
5th August 2025
Japanese reinsurance group Toa Re has reported a strong financial performance for the fiscal year ending March 2025, with its net income increasing to 28.5 billion yen (USD 190 million). This year’s net income increased by 12.9 billion yen, or 121% from the 15.5 billion yen (USD 97.4 million) reported in ... Read the full article
Greenlight Re reports improved Q2’25 underwriting result despite investment setback
5th August 2025
Greenlight Re reported net income of $0.3 million for Q2 2025, a sharp decline from $8.0 million in Q2 2024, primarily due to a $7.8 million investment loss this quarter versus $15.3 million in investment income a year earlier. David Einhorn, Chairman of the Board of Directors, commented on this, “The ... Read the full article
Finley retires as President of APAC of Starr Insurance, Chen to take over
5th August 2025
Starr Insurance, a provider of commercial property and casualty insurance, has announced the retirement of Phil Finley as the President of Asia Pacific (APAC), and Chief Executive Officer (CEO) of Thailand. Effective August 1st, 2025, Sean Chen will succeed him as the President of APAC, in addition to his current role ... Read the full article
Howden confirms US retail market entry with appointment of Mike Parrish as US CEO
5th August 2025
Howden, the global insurance and reinsurance broking group, has confirmed its entry into the U.S. retail market and has announced that Mike Parrish will lead the operations as Chief Executive Officer (CEO) of Howden U.S. At the same time, the broker has named Jim Hays as Vice Chairman, Howden Group Holdings, ... Read the full article
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
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
