Reinsurance News
Swiss Re appoints Stephen Abrokwah as Head of L&H Japan
29th July 2025
Global reinsurer Swiss Re has appointed Stephen Abrokwah as its new Head of Life & Health (L&H) Japan. Abrokwah brings around 15 years of industry experience, with strong actuarial expertise and leadership skills. He has been with Swiss Re for over 12 years, holding various senior roles, including Vice President, Senior Client ... Read the full article
$80bn in H1’25 insured losses marks second-highest on record
29th July 2025
Reinsurance giant Munich Re has estimated that global insured losses from natural catastrophe events reached $80 billion in H1 2025, marking the second-highest H1 figure since its records began in 1980. The $80 billion in insured losses during H1 2025 compares to $64 billion in H1 2024 and is surpassed only ... Read the full article
Aon Client Treaty expands into global facultative reinsurance placements
29th July 2025
Global insurance and reinsurance broker Aon has expanded its Aon Client Treaty (ACT) into its Reinsurance Solutions business, specifically for global facultative placements, bringing more capacity to its clients via its facility as part of the firm’s 3x3 Plan. ACT was launched in 2016, and before the third quarter of 2025, ... Read the full article
African Development Bank approves $30m for climate resilience in Benin
29th July 2025
The African Development Bank Group (AfDB) has approved $30.25 million in financing for a program aimed at bolstering climate protection and agricultural sector resilience in Benin, West Africa. This investment will help 150,000 smallholder farmers, particularly in the vulnerable northern regions, to mitigate the devastating effects of droughts and floods on ... Read the full article
Arch Insurance promotes David Maher to Chief Information Officer
29th July 2025
Arch Insurance International, part of Arch Capital Group and a provider of specialty insurance solutions across multiple lines, has promoted David Maher to Chief Information Officer (CIO), effective immediately. He will be based in London and report to Ketan Motwani, Chief Operating Officer of Arch Insurance International, and Prashant Nema, Deputy ... Read the full article
Mitsubishi Electric to transfer insurance subsidiary to Marsh Japan
29th July 2025
Mitsubishi Electric Corporation has concluded a share transfer agreement under which it will transfer shares of its Tokyo-based insurance subsidiary, Mitsubishi Electric Insurance Service Co., Ltd., to Marsh Japan, Inc. This transaction is expected to be completed on November 4, 2025. The move comes as Mitsubishi Electric continually assesses the significance of ... Read the full article
Solvency II: Insurance Europe calls for smarter capital rules to boost EU investment and growth
28th July 2025
Insurance Europe—the federation representing the European insurance and reinsurance industry—has welcomed the European Commission’s launch of its consultation on the Level 2 technical details of the Solvency II review. This consultation provides a vital opportunity to address overly cautious assumptions and unnecessary volatility in the current framework, which limit insurers’ ability ... Read the full article
Berkshire (BHSI) promotes two senior leaders in Dubai
28th July 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has promoted Aisling Malone as Deputy Senior Executive Officer and Head of Customer & Broker Engagement, and Joe Saab to Vice President, Head of Executive & Professional Lines, in the Middle East. The pair will ... Read the full article
Applied Underwriters launches Innovation Risk MGA platform
28th July 2025
Applied Underwriters, a provider of insurance solutions, has announced the launch of Innovation Risk, a new managing general agent (MGA) platform focused on casualty, accident, and life underwriting operations. This new independently operated MGA platform proprietary will leverage technologies and advance risk measurement methods. It is also expected to attract top ... Read the full article
AXA XL appoints Sylvain Bouteillé as CUO for Specialty Americas
28th July 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Sylvain Bouteillé as Chief Underwriting Officer (CUO) for Specialty Americas. Based in New York, Bouteillé will report to Donna Nadeau, Head of Large Commercial, Americas. In this role, he will oversee the ... Read the full article
Malawi receives over $3.3m insurance payout from ARC, addressing drought impacts
28th July 2025
The Government of the Republic of Malawi has received a total insurance payout of USD $3,376,783 from the African Risk Capacity (ARC) Group, a specialised agency of the African Union that helps member states manage the risks associated with extreme weather events and natural disasters. This payout follows a severe drought ... Read the full article
Dubai’s DIFC record growth strengthened by insurance-related firms
28th July 2025
The Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA), has announced its best-ever performance for the first half of a year, with the insurance sector taking a prominent lead. DIFC saw a record 1,081 new active registered companies join the Centre ... Read the full article
Coalition adds Holder and Mullett to support regional brokers in the UK
28th July 2025
Coalition, an active insurer focused on preventing digital risks, has appointed James Holder as a Senior Business Development Manager based in the border of South Wales/England, and Sam Mullett as a Production Underwriter based in Birmingham. Coalition’s UK team continues to grow as it nears the end of its third year ... Read the full article
Barents Reinsurance settles with PRA over £1.8m post-Brexit compliance fine
28th July 2025
Barents Reinsurance S.A. (Barents) has acknowledged the Final Notice issued by the Prudential Regulation Authority (PRA) regarding breaches related to post-Brexit compliance in its London Branch (now in supervised run-off) between July 2021 and October 2023. The PRA fined Barents a reduced amount of £1,785,000 due to certain governance and reporting ... Read the full article
Aon names Eric Seyfried as MD within Cyber Solutions group
28th July 2025
Global insurance and reinsurance broker Aon has announced the appointment of Eric Seyfried as Managing Director (MD) within its Cyber Solutions group. Based in New York City, Seyfried will report to Brent Rieth, Global Cyber Leader at Aon. He will also serve as a strategic advisor on the Cyber Solutions leadership ... Read the full article
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