Reinsurance News
AIG to launch new NA Commercial Insurance team following Bailey’s retirement
6th October 2025
With Don Bailey, Executive Vice President and Chief Executive Officer of North America Commercial Insurance at AIG, set to step down at year-end, the firm has announced a new North America leadership structure that will take effect on January 1, 2026. Notably, Allison Cooper and Barbara Luck will be promoted to ... Read the full article
Balavant announces key leadership promotions
6th October 2025
Balavant Insurance Group has announced two key leadership promotions: Tracy Bernard as Chief Program Officer of Balavant, and Krissy Kyjovsky to Executive Vice President of Tangram. In her new role, Bernard will be responsible for guiding product development and underwriting strategy across the Balavant platform, supporting the continued expansion of Tangram ... Read the full article
US P&C mutual insurers return to profitability in 2024: AM Best
6th October 2025
AM Best, the credit rating agency, reported that US property and casualty (P&C) mutual insurance companies achieved a net income of $26.0 billion in 2024, a notable rebound from a $10.8 billion net loss in 2023. AM Best evaluates the financial strength and performance of insurers, providing market insight for industry ... Read the full article
Phinsys and Dynamo partner to help insurers streamline finance & actuarial operations
6th October 2025
Phinsys, a finance automation software provider for the insurance and reinsurance industry, has entered into a strategic partnership with Dynamo Analytics, a consultancy and software provider, to integrate finance and actuarial processes for insurance carriers. The two companies are now working together on technical integrations to share their platforms. With the combination ... Read the full article
Willis names Ollie Moore as Head of Broking, Pacific
6th October 2025
Willis, a business of insurance and reinsurance broker WTW, has appointed Ollie Moore as Head of Broking, Pacific, effective immediately. In his new role, Moore will enhance Willis’ broking strategy, drive innovation, and strengthen partnerships with its insurer network. Additionally, through this appointment, he joins the Pacific regional Leadership Team at Willis. Most ... Read the full article
S&P upgrades Milli Re’s outlook to positive
6th October 2025
S&P Global Ratings, an international credit rating agency, has upgraded its outlook on Milli Reinsurans T.A.S. (Milli Re) to positive from stable, while reaffirming the company’s long-term issuer credit and insurer financial strength ratings at ‘B’, additionally, S&P raised Milli Re’s national scale rating in Turkiye from ‘trBBB+’ to ‘trA’. According ... Read the full article
Christine Palomba named Deputy Head of Natural Resources at Howden US
6th October 2025
Howden, the global insurance and reinsurance broking group, has announced the appointment of Christine Palomba as Deputy Head, Natural Resources, Howden US. The appointment follows Howden’s recent entry into the U.S. retail market, led by Mike Parrish, Chief Executive Officer of Howden US. The new US retail insurance broking operation ... Read the full article
Nudo becomes US casualty segment leader of Aon Reinsurance Solutions
3rd October 2025
Aon, the global re/insurance broking group, has announced that it has appointed Nick Nudo as U.S. casualty segment leader of the firm's Reinsurance Solutions business. Nudo joined the broker in 2024 as Senior Managing Director of Reinsurance for Chicago. Overall, he brings more than 20 years of re/insurance industry expertise across ... Read the full article
Blackstone appoints Kimberly Kim as Head of APAC Insurance Institutional Client Solutions
3rd October 2025
Blackstone, the alternative asset manager, has announced the appointment of Kimberly Kim as Senior Managing Director and Head of APAC Insurance Institutional Client Solutions for Blackstone Credit & Insurance (BXCI). This newly created role supports the continued expansion of BXCI in the APAC region. Kim brings more than 20 years of experience ... Read the full article
American Integrity Insurance introduces commercial residential property programme in Florida
3rd October 2025
American Integrity Insurance Group, Inc., a property insurance provider in the Southeast, has announced the launch of its new Commercial Residential Property Programme. The initiative is designed to offer comprehensive protection for condominium associations, townhome associations, and homeowners associations throughout Florida. This expansion into commercial lines comes on the heels of the ... Read the full article
Giguère and Naumann to succeed Forrest at helm of Munich Re North America Life
3rd October 2025
Global reinsurer Munich Re has announced the retirement of Mary Forrest, President and Chief Executive Officer (CEO), Munich Re North America Life, effective in the first quarter of 2026. She will be succeeded by Marc-Andre Giguère, who will continue to oversee the United States, and Bernard Naumann, who will continue to ... Read the full article
White Mountains sells majority stake in insurtech Bamboo to CVC
3rd October 2025
White Mountains, a Bermuda-domiciled financial services holding company, has announced it has agreed to sell most of its ownership in Bamboo, a data-enabled insurance distribution platform, to funds advised by CVC. The deal, which values Bamboo at $1.75 billion, is expected to generate approximately $310 to its book value per share ... Read the full article
TWIA’s 2026 reinsurance requirement could decline significantly as Texas eases funding rules
3rd October 2025
The Texas Windstorm Insurance Association (TWIA) has announced that its required reinsurance for the 2026 wind season could fall significantly to $2.3 billion, after recent legislative changes in Texas halved the state-mandated loss funding requirement. As we previously reported, Texas House Bill 3689 lowered the coverage standard from a 1-in-100-year ... Read the full article
Coface expands leadership and presence in Latin America with new hires
3rd October 2025
Coface, a company providing credit insurance and risk management solutions, is strengthening its operations in Latin America with the appointment of new regional leaders. The moves support the company’s growth strategy in credit insurance, commercial data management, and debt recovery services across Argentina, Brazil, Chile, Colombia, Ecuador, and Peru. Diogo Machado has ... Read the full article
Light hurricane season offers profit boost for reinsurers: J.P. Morgan
3rd October 2025
There could be a material upside for reinsurers' profits if the remainder of the 2025 Atlantic hurricane season remains light, according to a recent report by J.P. Morgan. With Q3 now complete, the period is expected to have been very good from a catastrophe loss experience perspective. However, analysts are cautious about ... Read the full article
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