Reinsurance News
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
Industry welcomes UK captive insurance regime green light
15th July 2025
Several firms, including the London Market Group (LMG), the International Underwriting Association (IUA), and LIIBA, have welcomed the Chancellor of the Exchequer’s announcement that HM Treasury will proceed with introducing a UK regime for captive insurance companies. The announcement follows a multi-year campaign calling for a dedicated and proportionate regulatory regime ... Read the full article
Aviva and hx expand partnership to advance AI in London Market pricing
15th July 2025
Building on their existing partnership, Aviva is set to lead hyperexponential’s (hx) AI beta programme, spearheading the exploration of the newly launched Actuarial Agent within hx Renew. The Actuarial Agent will reportedly support a range of targeted use cases designed to augment the expertise of Aviva’s underwriters and brokers, such as ... Read the full article
Conduit Re appoints William Randolph as Chief Risk Officer
15th July 2025
Conduit Holdings Limited, the ultimate parent company of Bermuda-based reinsurer Conduit Re, has announced the appointment of William Randolph as Chief Risk Officer. Based in Bermuda, Randolph will lead Conduit Re’s enterprise risk management function. He will report to CEO Neil Eckert and join the Executive Leadership Team. Randolph brings 20 years ... Read the full article
Aspida Re completes second reinsurance transaction in Japan
15th July 2025
Bermuda-based life and annuity reinsurer Aspida Life Re has completed its second reinsurance transaction in Japan, effective June 1, 2025, marking a key milestone in its global expansion strategy. The deal was executed with a highly rated Japanese life insurance carrier, under which Aspida Re will reinsure new and incoming flow ... Read the full article
Starr appoints PeiQi Lee as Head of Casualty, Asia Pacific
15th July 2025
Starr Insurance has announced the appointment of PeiQi Lee as Head of Casualty, Asia Pacific. Based in Starr’s Singapore office, Lee will manage all technical underwriting within the Asia Casualty team and drive profitable growth across the region. She brings over 15 years of industry expertise to the role, with a strong ... Read the full article
McLarens names Danny Miller Chief Global Strategy Officer
15th July 2025
Global claims services provider McLarens has announced the appointment of Danny Miller as Chief Global Strategy Officer (CGSO), a newly created role within the firm’s Global Management Team (GMT). In his new role, Miller will focus on long-term strategic planning, evaluation of M&A opportunities, and enterprise-level initiatives that further strengthen McLarens’ ... Read the full article
Insurance fronting model shifts from scale to operational excellence: Conning
15th July 2025
The insurance fronting model is rapidly maturing, moving beyond a race for scale to a focus on operational excellence, according to a recent report by Conning. This shift comes amid significant growth, increasing challenges, and a market shakeout within one of the property-casualty insurance industry’s fastest growing sectors. The report, Fronting Model ... Read the full article
MSIG Malaysia appoints Ang Yien Chia as CEO
15th July 2025
MSIG Insurance (Malaysia) Bhd has announced that Chua Seck Guan, its Chief Executive Officer (CEO) since March 30th, 2010, retired on July 2nd, 2025, after a career spanning 42 years in the insurance industry, including 15 years at the firm. Following this, Ang Yien Chia succeeded him as the new CEO ... Read the full article
Soft market conditions persist in renewable energy sector due to extra capacity: Willis
14th July 2025
According to the latest Renewable Energy Market Review by insurance broker Willis, a WTW business, the renewable energy market remains soft due to an oversupply of capacity, which is intensifying competition among insurers and continues to drive pricing downward. Despite ongoing global pressures and softening market conditions, optimism is anticipated to ... Read the full article
Global insured cat losses could reach $90bn in H1’25, second-highest on record: Jefferies
14th July 2025
Global insured catastrophe losses in H1 2025 could reach as high as $90 billion, according to Jefferies, making it the second-highest first-half total on record. This projected figure sharply exceeds both the $58 billion recorded in H1 2024 and the five-year average of $55 billion. The elevated losses were driven primarily ... Read the full article
L&G completes £800m buy-in with Honda Group, UK Pension Scheme
14th July 2025
UK insurer Legal & General Assurance Society Limited (L&G) has completed a c.£800 million buy-in with the Honda Group, UK Pension Scheme (the Scheme). This secures the retirement benefits of over 1,700 retirees and over 3,000 deferred members. The Scheme is a longstanding client of L&G’s Asset Management business, and hence, ... 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.
