Reinsurance News
Swiss Re promotes Pavel Huerta-Uribe to Head of Property Underwriting Globals, APAC
26th September 2025
Reinsurance industry giant Swiss Re has announced the promotion of Pavel Huerta-Uribe to Head of Property Underwriting Globals for the Asia Pacific (APAC) region, effective September 15th, 2025. In the role, he succeeds Andy Tran, and will be based in Tokyo, Japan. He is a Swiss Re and re/insurance industry veteran with ... Read the full article
Davies unveils new AI workbench to accelerate underwriting decisions
26th September 2025
Davies, a professional services and technology provider for the insurance and highly regulated markets, has unveiled its new AI Underwriting Workbench platform to deliver faster, data-driven decisions. The platform strengthens Davies’ existing underwriting practice, helping clients optimise their approach and overcome common pain points of traditional systems of record, including multi-carrier ... Read the full article
Chris Newman named CEO of ACORD Solutions Group
26th September 2025
Chris Newman has been appointed to lead ACORD Solutions Group (ASG), a provider of digital solutions for the insurance sector, as Chief Executive Officer (CEO). ASG was established in 2016 as a strategic extension of ACORD, a nonprofit organisation that develops standards for the insurance industry. Its purpose is to deliver ... Read the full article
US P&C insurers post record $89bn investment income in 2024: AM Best
25th September 2025
The US property and casualty (P&C) insurance industry generated a record $89 billion in investment income in 2024, marking a 20% year-over-year increase, according to AM Best. The firm reported that the growth was fuelled by higher interest rates, stronger returns from bonds, and increased contributions from cash and short-term holdings. AM ... Read the full article
Ryan Specialty launches MGU Clach Casualty led by Adam Schnell
25th September 2025
Ryan Specialty, an international specialty insurance firm, has launched Clach Casualty Underwriting Managers (Clach Casualty), a new managing general underwriter (MGU) focused on providing casualty insurance solutions for complex construction and habitational real estate risks. Clach Casualty began operations in September 2025, with its business exclusively distributed through U.S. wholesale brokers. ... Read the full article
MAPFRE updates Innovation Model to accelerate growth
25th September 2025
Spanish insurer MAPFRE has announced an update to its innovation model, aiming to increase agility, encourage collaboration, and maximise the effectiveness of company initiatives. The new model, MAPFRE Innovación, is already operational and will serve as a strategic guide for the coming years. It is viewed as a tool to create ... Read the full article
Arbol launches new wildfire parametric product for Western states
25th September 2025
Continuing its expansion into further perils and geographies, Arbol has launched a new parametric wildfire insurance product for commercial and residential properties in high-risk wildfire regions in the U.S., with coverage limits up to $10 million. The firm's new wildfire parametric initiative, which will target California, Colorado, Arizona, and other Western ... Read the full article
Kingstone on track for strong 2025/26 growth: CEO Meryl Golden
25th September 2025
Kingstone is on track to meet its full-year 2025 guidance, thanks to outstanding performance in the first half and continuing into the third quarter. This strong showing also positions the company for top-tier growth and profitability in 2026. For 2025, the property and casualty insurance holding company expects direct premiums written ... Read the full article
Commercial auto insurance faces 13th year of underwriting losses in 2025: Conning
25th September 2025
Conning, an investment management firm that also provides insurance research and strategic insights, has released its latest study, 2025: Commercial Auto Insurance Market – Challenges and Opportunities. The report delivers a thorough assessment of one of the most consistently unprofitable segments in the property-casualty industry, focusing on financial strain, new exposures, ... Read the full article
CyberCube report shows diversification and mitigation can reduce cyber losses by over 50%
25th September 2025
CyberCube, a provider of cyber risk analytics for the insurance industry, has released new research showing how diversification and mitigation strategies can materially reduce exposure to catastrophic cyber events. Based on analysis using CyberCube’s Portfolio Manager v6 (PM v6) catastrophe model, the report demonstrates that diversification across geography, industry sector, company ... Read the full article
Canopius appoints Norm Kimber as Credit & Political Risk Underwriter
25th September 2025
Canopius Group, a global specialty and Property & Casualty re/insurer, has announced the appointment of Norm Kimber as Credit & Political Risk Underwriter, effective in the first quarter of 2026. In his new role, Kimber will help strengthen Canopius’ Credit & Political Risk team and build deeper relationships with export credit ... Read the full article
US jury trends underscore need for broader reforms: Swiss Re
25th September 2025
New research from Swiss Re has confirmed that juror sentiment in the U.S. has shifted decisively toward plaintiffs, which is reportedly influencing verdicts in measurable ways, reinforcing the scale and persistence of uncertainty in the liability market for re/insurers. "Traditional economic drivers such as wage inflation, medical-cost trends and CPI growth ... Read the full article
Aon promotes Leon Walker as Captives Leader, EMEA
25th September 2025
Aon, the global insurance and reinsurance broker, has promoted Leon Walker as Captives Leader for Europe, the Middle East, and Asia (EMEA) effective January 1st, 2026. In his new role, Walker will drive strategy, transformation, and sustainable growth across Aon’s captives business in the EMEA region. He reports to Ciaran Healy, Global ... Read the full article
The Fidelis Partnership announces new MGA, Imala Re, launches Miami office
25th September 2025
Pine Walk, a specialist managing general agent (MGA) platform and wholly owned subsidiary of The Fidelis Partnership (TFP), has announced the launch of its newest MGA, Imala Re. TFP is also opening its first North American office in Miami on October 1st. This new US location will also serve as the ... Read the full article
L&G completes £1.6bn buy-in with BP Pension Fund
25th September 2025
UK insurer Legal and General Assurance Society Limited (L&G) has completed a £1.6 billion buy-in with the BP Pension Fund, marking the first transaction for the £18 billion Fund. The two parties collaborated closely on the deal, including agreeing on terms designed to further strengthen the security of members’ benefits. L&G provided ... Read the full article
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