Reinsurance News
MS Amlin names AXA XL’s Nicola Harris as Head of Natural Resources
7th July 2025
Lloyd's global insurer and reinsurer MS Amlin has appointed Nicola Harris as Head of Natural Resources, effective August 2025, reporting to Martin Burke, Chief Underwriting Officer (CUO), MS Amlin. The appointment reinforces the business’s commitment to the line of business and its associated customers. In her new role, Harris will lead the ... Read the full article
MembersCap launches tokenised institutional-grade reinsurance fund
7th July 2025
Bermuda-regulated investment manager, Members Capital Management (MembersCap), has completed an investment in its initial portfolio through the fund, MCM Fund I, the first tokenised institutional-grade reinsurance fund designed for sophisticated digital asset investors and traditional allocators. Positioned as an alternative to private equity, venture capital, and fixed income strategies, MCM Fund ... Read the full article
Disaster declaration issued in Texas as flood risks continue
7th July 2025
At least 81 people have been confirmed dead and 41 remain missing after flash floods devastated central Texas on Friday, with more storms expected in the region. The flash floods began Thursday night of last week and continued into Friday morning, as several months' worth of rain fell within just a ... Read the full article
Ralf Boesemann named General Manager & CEO of Hannover Re Services Italy
7th July 2025
Global reinsurer Hannover Re has announced the appointment of Ralf Boesemann as General Manager and Chief Executive Officer (CEO) of Hannover Re Services Italy S.r.l. (HS Ita). HS Ita serves clients across both Life & Health and Property & Casualty. The Life & Health team focuses on building long-term relationships and ... Read the full article
Thai insurance claims from March earthquake could reach $1.53bn
7th July 2025
According to the Thai General Insurance Association (TGIA), insurance claims stemming from the earthquake that struck Myanmar and impacted Thailand in March could total up to 50 billion baht (approximately $1.53 billion), with an estimated 150,000 claims. TGIA President Somporn Suebthawilkul noted that with the claims process expected to continue through ... Read the full article
EPIC appoints industry veteran James R. Pierce as Senior Advisor
7th July 2025
Energy expert James R. Pierce has been appointed Senior Advisor for EPIC Insurance Brokers & Consultants to support the company’s strategic growth and development of its Natural Resources practice. Pierce will work closely with leadership to expand capabilities, recruit top-tier talent, and deliver innovative solutions to clients across the energy sector. He ... Read the full article
Heritage’s Zephyr Insurance partners with Hawaii Hurricane Relief Fund
7th July 2025
Heritage Insurance Holdings, Inc., a super-regional property and casualty insurance holding company, has announced that its insurance subsidiary, Zephyr Insurance Company, has entered into a partnership with the Hawaii Hurricane Relief Fund (HHRF). The partnership will enable Zephyr to accept and process applications from Condominium and Townhouse Associations of Apartment Owners ... Read the full article
Lockton promotes Sarah Downey to US Professional & Executive Risk Leader
7th July 2025
Lockton, a privately held insurance brokerage, has promoted Sarah Downey to US Professional and Executive Risk Leader, succeeding Devin Beresheim, who was appointed Lockton's US Risk Solutions Leader earlier this year. In her new role, she will report to Beresheim and oversee the team responsible for broking, risk advisory, and claims ... Read the full article
Abry Partners invest in Oracle RMS
7th July 2025
Oracle Insurance Risk Management Services Inc., a commercial and personal lines insurance broker, has finalised a strategic investment from Boston-based private equity firm Abry Partners. This collaboration is a significant milestone for Ontario-domiciled independent broker, Oracle RMS, to enter its next phase of growth. According to Oracle RMS, Abry’s investment and strategic ... Read the full article
Aon bolsters Korean team with senior reinsurance appointments
7th July 2025
Global reinsurance and insurance broker Aon has strengthened its Korean team with three senior appointments, including Tom Greenaway as Asia Strategic Growth Leader for Reinsurance. Greenaway has served as a Reinsurance Treaty Broker at Aon since 2012, based out of Sydney, Australia. Additionally, SP Hong has been appointed as President for Korea, ... Read the full article
Reinsurer returns to remain robust with steady ROE through 2027: Guy Carpenter
4th July 2025
As reinsurance rates continued to soften at the mid-year renewals, the return on equity (ROE) for full year 2025 is expected to decline from 2024, although remain above the cost of equity and at a higher level than during the most recent soft market years, suggesting continued profitability and strong ... Read the full article
The next challenge is to make parametric solutions a mainstream climate finance tool: NDF
4th July 2025
The Natural Disaster Fund (NDF), a public-private partnership managed by Global Parametrics, a CelsiusPro Group company, has gathered increased recognition for its innovative approach to provisioning parametric risk transfer coverage in fragile states. By providing parametric risk capacity, the NDF helps support local and international actors in offering risk transfer solutions ... Read the full article
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
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