Reinsurance News
Ryan Specialty adds Aon Re’s Bungert to Board
11th September 2025
Ryan Specialty Holdings, Inc., an international specialty insurance firm, has appointed reinsurance industry veteran Michael G. Bungert to its Board of Directors, and as a member of its Compensation and Governance Committee, effective September 3rd, 2025. Bungert was most recently the Chairman of Aon Re Global, retiring from the position in ... Read the full article
AI to revolutionise claims handling, but human expertise remains key: PwC’s Cook
10th September 2025
Artificial intelligence (AI) is set to have a profound impact on claims handling, according to Michael Cook, partner at PwC UK, who spoke during the firm’s Global Insurance Run-Off Survey and Insights on the Legacy Market briefing at RVS 2025 in Monte Carlo. Despite advances in modern platforms, automation, and improved ... Read the full article
Sompo to deploy WTW’s Radar tech across group
10th September 2025
Sompo Holdings, Inc., one of Japan’s leading insurers, has partnered with WTW, an insurance and reinsurance broking group, to deploy its Radar technology across the insurance group to accelerate data-driven management across pricing, underwriting, and portfolio optimisation. Radar is WTW’s advanced pricing and underwriting solution designed to help insurers with predictive ... Read the full article
Atrium strengthens aviation team with Mark Connellan appointment
10th September 2025
Atrium, a specialty insurance group at Lloyd’s, has announced the appointment of Mark Connellan as Underwriter in its Aviation team. In this role, Connellan will work alongside Bassel Matta, Head of Aviation, strengthening the team’s position in the aviation market, following the recent addition of Rob James as Underwriter. He joins Atrium ... Read the full article
ZestyAI adds mitigation-aware scoring to Severe Convective Storm risk assessments
10th September 2025
ZestyAI, a company specialising in AI-driven property risk analytics, has introduced a new feature in its Severe Convective Storm risk suite that allows insurers to update risk scores based on property improvements. The company, which provides data-driven tools for assessing property vulnerability to natural hazards, said the feature enables adjustments for ... Read the full article
Fitch sees continued profitability for US P&C insurers in 2025
10th September 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, reported that the US property and casualty (P&C) insurance sector delivered notably strong underwriting results in the first half of 2025 and is expected to remain profitable through the remainder of the year. According to Fitch, the industry posted a statutory ... Read the full article
Kettle adds Kaarre as SVP of Underwriting, strengthening wildfire insurance solutions
10th September 2025
Kettle, an AI-enabled re/insurer for commercial property owners in areas affected by catastrophic climate events, has appointed Chris Kaarre as Senior Vice President (SVP) of Underwriting. Kaarre has extensive experience in the insurance industry, having worked in senior roles at Great American, WKFC, Ventus, and CapSpecialty. Her background will contribute to Kettle's ... Read the full article
MAPFRE RE’s Bueso signals stability for Jan renewals, reinforces long-term approach
10th September 2025
Speaking at the Monte Carlo Rendez-Vous de Septembre, Carmen Bueso, CUO Non-Life at MAPFRE RE, said the firm does not anticipate major changes at the 1/1 2026 renewals, maintaining its client-focused approach underpinned by strong technical discipline and a long-term perspective. "As a relevant market player, we always position ourselves ahead ... Read the full article
Tokio Marine Kiln strengthens APAC Special Risks with appointment of Phoebe Liew
10th September 2025
Tokio Marine Kiln (TMK), a specialist insurer, has named Phoebe Liew as Special Risks Underwriter with a focus on Credit and Political Risk. Based in Singapore, she steps into the role immediately and will report to Cindy Gunawan, Head of Special Risks, Asia Pacific. Liew brings almost ten years of experience in ... Read the full article
Apollo expands third-party platform with strategic partnerships and captive syndicates: RVS 2025
10th September 2025
London headquartered insurance platform Apollo is expanding its presence in the re/insurance sector, with Director of Strategic Partner Syndicates Andy Gray and Chief Engagement Officer and Head of New Business Development, Matt Newman, sharing insights around the Rendez-Vous de Septembre in Monte Carlo about the company’s evolving strategy and approach ... Read the full article
SageSure enters agreement to acquire Gemini Financial and subsidiaries
10th September 2025
SageSure has entered into a definitive agreement to acquire Gemini Financial and its subsidiaries, including Olympus MGA, the managing general agent for Olympus Insurance Company. The transaction is expected to close in the first quarter of 2026, subject to the receipt of required regulatory approvals and other customary closing conditions. As part ... Read the full article
AM Best reports strong underwriting results for US-Bermuda reinsurers amid market shifts
10th September 2025
According to AM Best, a composite of seven reinsurance groups domiciled in the US and Bermuda—where reinsurance constitutes the majority of their underwriting portfolios—continued to demonstrate favourable performance in 2024. The seven companies in the composite are Arch Capital Group Ltd., Everest Group Ltd., General Re Corporation, Odyssey Group Holdings, Inc., ... Read the full article
Chedid Re appoints Claude Kassab as Head of Asia-Pacific
10th September 2025
Chedid Re, an independent reinsurance broker and part of Chedid Capital, has announced the appointment of Claude Kassab as Head of Asia-Pacific (APAC). In this role, he will be responsible for managing both facultative and treaty operations across the region. Kassab brings over 25 years of experience in the reinsurance industry, having ... Read the full article
McGill and Partners reports record results, secures new credit facilities of $300m
10th September 2025
McGill and Partners has reported organic revenue growth of more than 20% in H1 2025 and a significant increase of 79% in adjusted EBITDA, against H1 2024. Alongside the announcement of these record results, McGill and Partners revealed it has also secured new credit facilities of $300 million from lenders Morgan ... Read the full article
Marco Capital acquires captive reinsurer Benteler Re
10th September 2025
European property and casualty (P&C) insurance run-off group Marco Capital has acquired Benteler Reinsurance Company DAC in an undisclosed transaction. Incorporated in January 2003, Benteler Re is a captive reinsurance company wholly owned by the Benteler Group, which was founded in 1876 and is a global Tier 1 supplier in all ... Read the full article
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