Reinsurance News
Wilkinson promoted to AXA XL’s Head of International Casualty, Retail, UK & Lloyd’s
16th July 2025
AXA XL, the property and casualty and specialty risk unit of global insurer AXA, has announced the promotion of Shaun Wilkinson to Head of International Casualty, Retail, UK & Lloyd’s. In his new role, Wilkinson will lead AXA XL’s UK & Lloyd’s underwriting strategy for its Retail, International Casualty portfolio. He will ... Read the full article
Marsh welcomes UK government’s captive insurance regime
16th July 2025
Marsh, an insurance broker and risk advisor within Marsh McLennan, welcomes the UK government’s announcement to facilitate the creation of a UK regime for captive insurance companies, a move aimed at strengthening the UK’s competitiveness in the global insurance market. As a reminder, in November 2024, the UK government launched ... Read the full article
US nat cat activity drives $84bn global insured losses in H1’25: Gallagher Re
16th July 2025
Global insured losses reached $84 billion in the first half of 2025 — 55% higher than the decadal average and the highest H1 total since 2011 ($136 billion) — driven largely by US activity, according to a recent report by reinsurance broker Gallagher Re. The report found that 92% of all ... Read the full article
Markel Insurance appoints Christian Stobbs Chief Strategy and Corporate Development Officer
16th July 2025
Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Christian Stobbs as Chief Strategy and Corporate Development Officer. In this newly created position, Stobbs will lead efforts to identify and pursue strategic initiatives that support growth across Markel’s insurance operations. Stobbs will be based in the US ... Read the full article
Resilience, CrowdStrike & AWS partnership aims to reduce enterprise cyber risk
16th July 2025
Cyber risk solutions company Resilience has partnered with CrowdStrike and expanded its collaboration with Amazon Web Services (AWS) to help enterprises to proactively mitigate cyber risk and minimise material losses from cyber incidents. Customers can now leverage the Resilience Threatonomics Platform to transform security insights into financial risk mitigation strategies, potentially ... Read the full article
ABIR announces Gallagher Re as its newest member
16th July 2025
The Association of Bermuda Insurers and Reinsurers (ABIR) has added Gallagher Re, a global reinsurance broker, to its list of member companies. Gallagher Re is part of Gallagher, an insurance brokerage, risk management, and consulting group. The reinsurance division employs around 2,400 people across 30 countries. Gallagher has operated in Bermuda since ... Read the full article
US wildfires & SCS push global insured losses to at least $100bn in H1’25: Aon
15th July 2025
Global insured losses from catastrophe events in the first half of 2025 increased to at least $100 billion, the second highest on record after 2011's $140 billion, driven by the Los Angeles wildfires and severe convective storm (SCS) activity in the US, reports insurance and reinsurance broker Aon. The broking group's ... Read the full article
Moody’s Ratings assigns Marco Re with A3 IFSR and stable outlook
15th July 2025
Credit ratings agency Moody’s Ratings has assigned an A3 insurance financial strength rating (IFSR) to Marco Re Limited, a Guernsey domiciled reinsurer focused on non-life run-off insurance portfolios, with a stable outlook. Moody’s explained that the stable outlook reflects the expectation that the group will maintain its strong financial profile, ... Read the full article
Mitigation measures can reduce malware risk by 50%–80%: CyberCube & Munich Re
15th July 2025
Patch management, network segmentation, and data backups can reduce the likelihood and financial impact of widespread malware attacks by 50% to 80% when effectively implemented, according to a joint study by CyberCube and Munich Re. The two firms have published key findings from a study on severe cyber accumulation events and ... Read the full article
Fidelis GPW grows to $4.6bn as insurer celebrates 10-year anniversary
15th July 2025
The Fidelis Partnership and Fidelis Insurance Group celebrate the 10-year anniversary of Fidelis’ launch, highlighting its growth and key achievements over the past decade, including Fidelis Insurance Group’s increase in Gross Premiums Written from $102 million in 2015 to $4.6 billion in 2025. Founded by Richard Brindle, Fidelis began underwriting in ... Read the full article
Accelerant could raise up to $406m from IPO
15th July 2025
Accelerant Holdings has launched its initial public offering (IPO) of 28,947,368 Class A common shares, consisting of 20,276,280 common shares offered by Accelerant and 8,671,088 shares to be sold by certain existing shareholders. On July 1st, 2025, Accelerant filed a registration statement on Form S-1 with the U.S. Securities and ... Read the full article
Moody’s names Aquino as Global Co-Head of Insurance, Global Funds & Asset Mgmt.
15th July 2025
Credit ratings agency, Moody's Ratings, has appointed Antonello Aquino as Global Co-Head of Insurance, his role includes oversight of the Global Funds and Asset Management team. He will be based in London. Aquino will lead the insurance business in the United States and Europe, the Middle East and Africa (EMEA) regions, ... Read the full article
Aon to launch UK-based Captive Management Company as demand anticipated following Chancellor’s speech
15th July 2025
Global insurance and reinsurance broker Aon has announced its plans to launch a UK-based Captive Management Company, a move that comes in anticipation of the new regulations that will allow captives to be domiciled in the UK. This news follows the UK Chancellor of the Exchequer, Rachel Reeves, confirming that the ... Read the full article
TWIA could scale back reinsurance following loss funding mandate decrease
15th July 2025
A new law in Texas has significantly lowered the loss funding requirements for the Texas Windstorm Insurance Association (TWIA), shifting the standard from coverage for a 1-in-100-year storm event to just a 1-in-50-year event, meaning it may scale back its purchases of reinsurance and other forms of risk transfer. The Texas ... Read the full article
hx unveils suite of new capabilities, equipping reinsurers with complex data sets: Tom Clark, Field CTO
15th July 2025
During the hx Live 2025 event, Reinsurance News spoke with Tom Clark, Field CTO at hyperexponential (hx), who highlighted upcoming products and advancements, including Kernel—a major upgrade to hx Renew that equips reinsurers with more data, enabling more complex decision-making. Announced at the event, Kernel is a ground-up replacement of the ... Read the full article
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