Reinsurance News
The Baldwin Group and CAC to merge for $1.03bn
3rd December 2025
The Baldwin Group, an independent insurance brokerage and advisory firm, and CAC Group, a national middle-market insurance broker and advisor, comprising CAC Specialty and CAC Agency, have entered into a definitive agreement to merge, for a total upfront consideration of $1.026 billion. The transaction, which is expected to close in the ... Read the full article
Swiss Re’s Schoch appointed Strategic Consultant of Marine for Gallagher Re LAC
3rd December 2025
Gallagher Re, the reinsurance arm of the global broking group, has announced the appointment of Erika Schoch Strategic Consultant of Marine for Gallagher Re Latin America and Caribbean (LAC). In her new consulting role, Schoch will leverage her diverse background and expertise to support the development of our Marine business across ... Read the full article
LMG’s Data Council launches consultation for Claims Core Data Record
3rd December 2025
The London Market Group’s (LMG) Data Council has launched a consultation on the structure and fields of the Core Data Record (CDR) to cover claims. According to the announcement, the consultation will run for 12 weeks from November 26th. Market members can access the consultation via the LIMOSS website, and briefing sessions ... Read the full article
PRA’s LIST 2025 reinforces Fitch’s view that the UK life sector is well capitalised
3rd December 2025
Fitch Ratings said the UK Prudential Regulation Authority’s (PRA) 2025 Life Insurance Stress Test (LIST 2025) reinforces its view that the sector is well capitalised, but warns that real-world stress scenarios could lead to a different outcome due to higher market interconnectedness than the exercise assumes and associated spillover effects. Published ... Read the full article
Geoeconomic fragmentation reshaping the global risk landscape
2nd December 2025
A new report from Brokerslink and the Swiss Re Institute warns that rising geoeconomic fragmentation, marked by widening divisions between economic blocs and potential restrictions on the free flow of capital, could have profound and lasting consequences for international risk diversification and, ultimately, the cost of insurance. The joint study examines ... Read the full article
BlueFive launches new platform to drive GCC insurance consolidation
2nd December 2025
BlueFive Capital, a global investment platform, has launched BlueFive Insurance, a dedicated platform to lead the consolidation, digitisation, and specialisation of the insurance industry across the Gulf Cooperation Council (GCC) and beyond. Although the GCC insurance market has significant potential, it remains heavily fragmented. BlueFive Insurance is founded on the conviction ... Read the full article
Frank Fumarola joins Coalition as Chief Product Officer
2nd December 2025
Coalition, an active insurer focused on preventing digital risks, has announced the appointment of Frank Fumarola as its new Chief Product Officer. Fumarola, who is joining the company from Nubak, will serve as a member of Coalition's executive team, reporting directly to Joshua Motta, Coalition’s CEO and co-founder. “Our products are central ... Read the full article
Ben Watson to lead Westfield Specialty International’s new cyber offering
2nd December 2025
Westfield Specialty International, a specialty insurance provider, has announced the appointment of Ben Watson as Class Underwriter to lead its newly launched cyber team. The cyber team will begin writing business from 1st January 2026, with additional hires to be made to join Watson’s team. Based in London, Watson will report to ... Read the full article
Demex announces appointment of next gen C-suite leadership to drive market expansion
2nd December 2025
Demex, a technology-enabled reinsurance solution provider, has announced a number of executive leadership appointments designed to lead the company into its next phase of growth. Michael Anderson was appointed CEO, following a four-year tenure as Chief Growth Officer, with Matthew Coleman, former Chief Risk Officer, named President, Reinsurance. Charlie Eadie was promoted ... Read the full article
Helios’ net asset value per share up 3.8% in Q3 driven by pipeline profits
2nd December 2025
Helios Underwriting, the publicly listed firm offering direct access to a range of syndicates at the specialist Lloyd’s insurance and reinsurance marketplace, has reported that net asset value (NAV) per share increased 3.8% to £2.48 for the third quarter ending 30 September 2025, up from £2.39 in Q2 2025. Helios attributes ... Read the full article
MetLife finalises $10bn variable annuity risk transfer with Talcott
2nd December 2025
MetLife, Inc., a provider of insurance, annuities, and employee benefit programmes, has finalised its previously announced $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, a life insurance and annuities subsidiary of Talcott Financial Group. The company expects an annual reduction in adjusted earnings ... Read the full article
Reinsurers expected to shoulder most of $200m loss from Hong Kong fire: AM Best
2nd December 2025
According to ratings agency AM Best, a material portion of the gross incurred loss, which may exceed $200 million from the deadly Hong Kong apartment (Wang Fuk Court) fire, is expected to be transferred to reinsurers. Primary insurers operating in the region typically rely on a mix of reinsurance arrangements, including ... Read the full article
Who’s insuring Russia’s shadow fleet?
2nd December 2025
Since Western P&I clubs and reinsurers largely withdrew from underwriting sanctioned oil shipments, an informal and opaque re/insurance ecosystem has emerged to keep Russia’s shadow fleet trading. What was once dominated by London and the International Group of P&I clubs is now sustained by a narrow set of domestic and offshore ... Read the full article
AXA XL goes live with PPL to strengthen links to London Market
2nd December 2025
AXA XL, the property and casualty division of AXA Group, has successfully connected its internal computer systems directly to the London Market’s main trading platform, Placing Platform Limited (PPL), opening a new data exchange gateway. This connection is powered by ACORD Solutions Group’s cutting-edge ADEPT (ACORD Data Exchange Platform & Translator) ... Read the full article
AXIS adds Edwards to newly created role of Head of Delegated Strategy, Global Markets
2nd December 2025
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has appointed Lewis Edwards to the newly created role of Head of Delegated Strategy, Global Markets, effective immediately. He will be based in London and reports to Sara Farrup, Head of Global Markets, and joins her leadership team. In his new role, Edwards will ... Read the full article
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