Reinsurance News
Marsh McLennan maintains top global broker spot by revenue for 15th year
29th July 2025
Marsh McLennan remains the top global insurance and reinsurance broker by total revenue for the 15th consecutive year, increasing its revenue by $1.72 billion to $24.46 billion in 2024, while several other brokers maintained their positions in the top 20 and new firms joined the list. These insights ... Read the full article
Mercury prepares homeowners insurance rate filing using Verisk Wildfire Model
29th July 2025
Mercury Insurance, a provider of property and casualty insurance, is preparing a homeowners insurance rate filing using the California Department of Insurance’s (CDI) recently approved Verisk Wildfire Model. Last week, the CDI completed its review of the Verisk Wildfire Model for use by insurers in assessing wildfire risk and property ... Read the full article
Shelley Yim appointed as Aon’s Northern California Market Leader
29th July 2025
Aon, a professional services firm providing risk, retirement, and health solutions, has appointed Shelley Yim as the new Market Leader for Northern California, effective August 1. In this role, Yim will lead efforts to drive growth, strengthen client relationships, support colleague engagement, and foster community involvement throughout the region. She brings extensive ... Read the full article
SageSure & Anchor Re secure $50m with debut reinsurance sidecar Seawall Re
29th July 2025
SageSure, one of the largest managing general underwriters (MGU) specialising in catastrophe-exposed markets, and Anchor Re, a captive reinsurance vehicle, have successfully secured $50 million of third-party capital with a debut reinsurance sidecar transaction with Seawall Re. This inagural sidecar transaction with Seawall Re, a newly formed Bermuda-based special purpose insurer ... Read the full article
Brown & Brown grows premium revenue 8.2% in Q2’25 despite 10% drop in net income
29th July 2025
Brown & Brown, Inc., an insurance brokerage and risk management firm, announced its financial results for the second quarter of 2025, reporting solid organic revenue growth despite a decline in net income. For the quarter, income before income taxes decreased 10.1% to $311 million, with the income before income taxes margin ... Read the full article
HDI Global announces new leadership for Long Tail segment
29th July 2025
Corporate & Specialty insurer HDI Global has announced a number of leadership appointments in its Long Tail segment, including Dennis Siebrasse as new Head of Liability Underwriting Europe, and Dr Pascal Nef as Head of Technical & Strategic Services – Long Tail. Both will report directly to Dr Mukadder Erdönmez, Member ... Read the full article
Insured cat losses expected to top $100bn again in 2025: Willis
29th July 2025
With six years having passed since the insurance industry last experienced a "quiet year" for natural catastrophes, a recent biannual report from Willis suggests that the trend of annual insured losses exceeding $100 billion is set to continue in 2025. "Worldwide, insured losses from natural catastrophes now consistently exceed $100 billion ... Read the full article
Guy Carpenter appoints Matthew Flynn as Head of Global Clients, Global Specialties
29th July 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the appointment of Matthew Flynn to the newly created role of Head of Global Clients for its Global Specialties business. Based in London, Flynn will report to James Boyce, CEO of Global Specialties, and will join the Global Specialties Leadership ... Read the full article
QBE partners with Matrix iQ to offer fleet data and risk management platform
29th July 2025
QBE, a business insurance provider, has entered into a partnership with Matrix iQ, a company that offers connected vehicle and driver behaviour data services. As part of the collaboration, QBE customers will gain access to Matrix iQ’s platform, which works with various telematics systems. The platform combines multiple data sources—including claims information—into ... Read the full article
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
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