Reinsurance News
Reinsurance News Legacy Market Roundtable 2025
3rd July 2025
Around the annual meeting of the legacy re/insurance market in Brighton, UK, in May, we hosted our inaugural Legacy Market Roundtable, in partnership with global reinsurance company, Swiss Re, during which 11 experts from across the retrospective world discussed key trends, opportunities, and challenges for the market. Read the full article
US property cat reinsurance market in favour of buyers at mid-year renewals: Aon
3rd July 2025
Conditions in the U.S. property catastrophe reinsurance market continued to shift in favour of buyers at the mid-year renewals, yet portfolio returns remain strong and attractive for reinsurers and investors alike, even with the rate reductions, according to Aon. A new report from the firm has suggested that capacity was abundant, ... Read the full article
Ardonagh acquires majority stake in Hong Kong’s Apex Insurance
3rd July 2025
The Ardonagh Group has acquired a majority stake in Apex Insurance (Holdings) Limited in Hong Kong. The move strengthens Ardonagh’s footprint in the region, as it will operate Apex alongside PSC’s Hong Kong operations, PSC HK Insurance Group (PSC HK). The acquisition also aims to deepen Ardonagh’s in-market expertise through Apex’s ... Read the full article
Sandeep Gopal named AIG’s Chief Risk Officer, APAC
3rd July 2025
Sandeep Gopal has joined global insurer American International Group (AIG) as Chief Risk Officer, Asia Pacific (APAC). In his new role, Gopal will lead the Enterprise Risk Management strategy in the region, focusing on strengthening risk governance, ensuring regulatory alignment, and supporting sustainable business growth across Asia Pacific. Additionally, he will work ... Read the full article
Bishop Street enters personal aviation insurance market with AIM’s acquisition
3rd July 2025
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired Aerospace Insurance Managers (AIM), a general aviation insurance services provider, from Hallmark Financial, in an undisclosed transaction. This acquisition marks Bishop Street’s entry into the aviation insurance market, strengthening its differentiated MGA platform with an expanded portfolio of specialized client ... Read the full article
Hannover Re appoints Steven Hardy as Head of L&H Ireland & Canada
3rd July 2025
Global reinsurer Hannover Re has announced the appointment of Steven Hardy as Head of Life & Health (L&H) Ireland & Canada. In this role, Hardy will be based at Hannover Re’s Dublin subsidiary, which plays a key role in advancing the company’s Financial Solutions business in Europe and serves as the ... Read the full article
Resolution Life boosts capital position with $750m Tier 2 listed debt issuance
3rd July 2025
Global life insurance group Resolution Life has completed a $750 million Tier 2 listed debt issuance, attracting strong investor demand with a peak order book surpassing $3.25 billion. According to the firm, which specialises in reinsurance and the acquisition and management of life insurance portfolios, the development marks a significant milestone ... Read the full article
Triple-I appoints Patrick Schmid as Chief Insurance Officer
3rd July 2025
The Insurance Information Institute (Triple-I) has announced the appointment of Patrick Schmid as Chief Insurance Officer, effective July 11, 2025. Schmid will also lead the organisation’s Catastrophe Resiliency Council and the Insurance Research Council, reporting to Sean Kevelighan, CEO of Triple-I. Additionally, he will continue in his role as president of The ... Read the full article
Howden Re launches Hong Kong operation led by Roy Wong
3rd July 2025
Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, has launched a Hong Kong-focused reinsurance broking platform, with Roy Wong appointed as Managing Director, Reinsurance, Hong Kong, effective July 21st, 2025. Wong will report to Andy Souter, Head of Asia Pacific, Howden Re International, and work closely ... Read the full article
Relation Insurance acquires entertainment specialist Albert G. Ruben
3rd July 2025
Relation Insurance Services (Relation), an insurance brokerage firm, has announced its acquisition of Albert G. Ruben, a pioneer in Hollywood and the global entertainment industry known for delivering specialised insurance services to major film studios, independent production companies, Broadway productions, and multinational corporations. The acquisition preserves the Albert G. Ruben name ... Read the full article
Jonathan Zhao named EY Global Insurance Leader
3rd July 2025
Jonathan Zhao has been promoted to Global Insurance Leader at EY, taking over the role from Isabelle Santenac, who had been leading the practice for the past six years. Zhao, who has been with the company for nearly 25 years, will now oversee a team of 24,000 insurance professionals across EY’s ... Read the full article
Diesta and INSHUR partner to automate payment operations and drive growth
3rd July 2025
Diesta, the insurance payment reconciliation and distribution specialist, has partnered with INSHUR, a global provider of insurance solutions for the on-demand economy, to automate payment operations and support INSHUR’s next phase of growth. Through this partnership, INSHUR will leverage Diesta’s platform to automate reconciliation, streamline settlement processes, and improve ledger reporting ... Read the full article
Carrick Holdings welcomes Armin De Weerdt as AVP, Finance
3rd July 2025
Carrick Group Limited, a Bermuda-based international non-life legacy insurer, has announced the appointment of Armin De Weerdt as Assistant Vice President (AVP), Finance. De Weerdt is joining Carrick from Pillar Capital Management Limited, a Bermuda-based specialist in collateralized reinsurance and insurance-linked securities (ILS) investment manager. Most recently, he served as Assistant Manager ... Read the full article
Mid-year renewals shows reinsurers now eager to expand in Florida: Gallagher Re
2nd July 2025
According to reinsurance broker Gallagher Re’s 1st View mid-year renewal report, recent legislative reforms in the State of Florida encouraged reinsurers to write across the board at the mid-year renewals, in hopes of maintaining their market share on programmes. The reforms, signed into law in late December 2022, have successfully ... Read the full article
CatIQ increases Ontario & Quebec ice storm loss estimate to CAD 416m
2nd July 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its third industry loss estimate for the ice storm that impacted Ontario and Quebec from March 28 to 31, 2025, with losses now standing at CAD 416 million. The event involved a prolonged period of wintry ... Read the full article
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