Reinsurance News
Atradius announces various Management Board changes
4th July 2025
Atradius, a global provider of credit insurance, bond and surety, collections and information services, has announced changes to the composition of its Management Board and the distribution of responsibilities. Andreas Tesch, currently Chief Market Officer (CMO), has been appointed as the new Chief Risk Officer (CRO), taking over the role from ... Read the full article
US insurers tackle casualty challenges through underwriting & claims improvements: Gallagher Re
4th July 2025
U.S. property and casualty (P&C) insurers, particularly those exposed to long-tail casualty lines, are continuing to take proactive steps to address profitability challenges by refining underwriting strategies and enhancing claims management practices in an effort to mitigate adverse loss trends and improve future performance, according to reinsurance broker Gallagher Re. Nonetheless, ... Read the full article
War exclusions to largely limit impact of recent Middle East turmoil: AM Best
4th July 2025
AM Best expects the direct impacts of the recent military action in the Middle East on the insurance industry to be largely limited by war exclusions and narrowly defined policy triggers. In its recent report, AM Best noted that there has been no ratings impact on insurers operating in the region ... Read the full article
Continental Re appoints Grace Wanja as Head of Underwriting, Nairobi
4th July 2025
Pan-African reinsurer Continental Reinsurance has announced the appointment of Grace Wanja as Head of Underwriting for its Nairobi subsidiary. Wanja brings nearly 15 years of experience in the re/insurance industry. She joined Continental Re in October 2017 as part of the underwriting team, serving as Executive – Technical Operations. In 2023, she ... Read the full article
Advanced analytics key to managing wildfire risk: Lockton Re & Green Shield
4th July 2025
As wildfire risk continues to rise, portfolio managers need advanced analytics that not only identify property-specific risk but also integrate these insights across the insurance value chain to build greater resiliency, according to a recent report by reinsurance broker Lockton Re and Green Shield Risk Solutions, a specialty insurance services ... Read the full article
UK insurance market unchanged and buyer-friendly in 2025: Aon
4th July 2025
The UK insurance market remained unchanged and buyer-friendly so far in 2025, with continued softening across most lines, though insurance buyers should remain mindful of broader global uncertainty and volatility that could impact the industry, according to Aon. Aon noted that solid insurer results are helping drive improved conditions for buyers. ... Read the full article
Specialty MGA Africa and Middle East appoints Rabie as Senior Underwriter, Property & Engineering
4th July 2025
Specialty MGA Africa and Middle East, the managing general agent providing additional capacity for specialty lines of business, has appointed Mohammed Rabie as Senior Underwriter for Property and Engineering, based in its Casablanca office. In his new role, he will report to the Specialty MGA Africa and the Middle East’s Chief ... Read the full article
$7.9m payout triggered in Syria from WFP’s drought insurance policy
4th July 2025
A $7.9 million drought insurance payout from the World Food Programme is providing relief to vulnerable, conflict-affected communities in Syria, which are now facing the worst drought in 50 years. As Reinsurance New understands, the policy covers critical food-growing regions in Syria and is linked to a pre-agreed operational plan, with ... Read the full article
Markel appoints Jasminder Kaur as Country Head – Malaysia
4th July 2025
Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Jasminder Kaur as Country Head – Malaysia. Kaur will report to Kevin Leung, Chief Underwriting Officer – Asia Pacific at Markel. In her new role, she will be responsible for scaling Markel's operations in Malaysia, marking a significant ... Read the full article
Allstate completes $1.25bn sale of Group Health business to Nationwide
4th July 2025
US primary insurer The Allstate Corporation has completed the previously announced sale of its Group Health business to Nationwide for $1.25 billion, with the transaction closing per the terms of the agreement executed on January 30th, 2025. Nationwide stated that this acquisition will serve as a foundation for its ongoing ... Read the full article
Willis appoints Daphne Duan Wheal as Director of SRC for Asia
4th July 2025
Willis, a WTW business, has announced the appointment of Daphne Duan Wheal as Director of Strategic Risk Consulting (SRC) for Asia. Based in Singapore, Daphne will lead the SRC practice across the region—a core component of Willis’ Engineering, Risk & Analytics team. In this role, she will oversee the delivery of risk ... Read the full article
Previsico urges cross industry collaboration to tackle extreme flooding
4th July 2025
Previsico, the actionable flood warning insurtech, has called for collaboration between insurers, government, and industry to tackle the growing threat of extreme flooding globally during the London Climate Action Week, which took place last month. The flood insurtech engaged with policymakers, insurers, and innovators at the London Climate Action Week to ... Read the full article
Athora to acquire Pension Insurance Corporation for £5.7bn
3rd July 2025
Pan-European savings and retirement services group, Athora, has reached an agreement to acquire Pension Insurance Corporation Group Limited, the parent of Pension Insurance Corporation plc, a specialist insurer of UK defined benefit pension schemes, for approximately £5.7 billion. Athora has €76 billion of assets under management and administration, on behalf of ... Read the full article
Jacques Bonneau appointed Non-Executive Chair of Ki Financial
3rd July 2025
Ki, the fully digital and algorithmically-driven Lloyd's syndicate, has appointed Jacques Bonneau as Non-Executive Chair for Ki Financial Limited, effective July 1st, 2025. Bonneau, who retired in March 2024, previously served as President & Chief Executive Officer (CEO) of Bermuda-domiciled reinsurer, PartnerRe. He is an experienced re/insurance industry veteran, having served in ... Read the full article
IDB expands disaster risk coverage by $2bn, introduces new instruments
3rd July 2025
The Inter-American Development Bank (IDB) has expanded disaster risk coverage by an additional $2 billion and introduced new instruments for both sovereign and private clients. The $2 billion expansion includes $1 billion for its Contingent Credit Facility for Natural Disasters and another $1 billion through Climate Resilience Debt Clauses. Under the Contingent ... Read the full article
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