Reinsurance News
Old Republic Specialty hires Liberty Mutual’s Daniela James as Chief Reinsurance Officer
1st July 2025
Old Republic Specialty Insurance Group, the largest business segment of Old Republic International Corporation and which specialises in the property and casualty market, has appointed Daniela James as Senior Vice President, Chief Reinsurance Officer. James joins the company after more than 19 years with Liberty Mutual Insurance, where she most recently ... Read the full article
Accelerant files for IPO with U.S. SEC
1st July 2025
Accelerant has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed underwritten initial public offering (IPO). While the timing of the offering, number of Class A common shares to be offered and the price range for the proposed offering have not ... Read the full article
Swiss Re appoints Gianfranco Lot as Country President Switzerland
1st July 2025
Global reinsurer Swiss Re has announced Gianfranco Lot will take on the additional role of Country President Switzerland, succeeding Urs Baertschi. In this expanded capacity, Lot will be responsible for representing Swiss Re’s interests in Switzerland. including the company’s headquarters in Zurich. This will encompass business, political and community engagement platforms. The ... Read the full article
AXA completes sale of AXA IM to BNP Paribas
1st July 2025
AXA has completed the sale of AXA Investment Managers (AXA IM) to BNP Paribas for cash proceeds of €5.1 billion. AXA has also finalised the sale of Select to AXA IM for €0.3 billion, bringing the total value to the previously announced €5.4 billion. The sale was initially announced last year. ... Read the full article
Chaucer appoints Emily Brand as Deputy Class Underwriter – Energy
1st July 2025
Chaucer Group, a global specialty insurance and reinsurance group, has announced the appointment of Emily Brand as Deputy Class Underwriter – Energy. Based in Singapore, Brand will report to Scott Ho, who leads Chaucer’s Energy team in the region. In her new role, Brand will support the underwriting strategy for Chaucer’s energy ... Read the full article
Suncorp shrinks main cat cover at renewal and adds multi-year solution
1st July 2025
Australian insurer Suncorp has completed its 2026 reinsurance renewal, securing main catastrophe cover for losses between $500 million and $6.3 billion, and has added a structured, multi-year solution that reduces exposure to $350 million for a first and second event, with the cost of the programme expected to come down ... Read the full article
Retained earnings lift global reinsurer capital to record $720bn in Q1’25: Aon
1st July 2025
Analysis by insurance and reinsurance broking group Aon estimates that global reinsurer capital increased by almost 1%, or $5 billion in the first quarter of 2025 to $720 billion, driven by growth in traditional capital as the alternative portion remained at a record high. In 2024, global reinsurer capital grew by ... Read the full article
Lemonade lowers reinsurance overhead at renewal following improved diversification
1st July 2025
Lemonade, the digital insurance company powered by AI and social impact, has renewed its reinsurance program, reducing the ceded proportion of its quota share reinsurance from approximately 55% to approximately 20%, effective July 1. According to the firm, this decision was made given strong progress in its diversification, underwriting prowess and ... Read the full article
Lloyd’s approves novation of GIC syndicate 1947 managing agency services to Asta
1st July 2025
Lloyd's, the specialist insurance and reinsurance marketplace, has approved the novation of Indian reinsurer GIC Re's syndicate 1947 managing agency agreement to Davies-owned Asta, effective July 1st, 2025. The agreement relates to both the open and prior years of GIC syndicate 1947 and sees Asta provide a full range of oversight ... Read the full article
Ripe year-on-year revenue grows to £20.6m as expansion continues
1st July 2025
Ripe, a UK digital managing general agent (MGA), has achieved 16% year-on-year revenue growth, with turnover increasing to £20.6 million in the 12 months ending 31 December 2024, up from £17.8 million in 2023. This growth marks the company’s 17th consecutive year of double-digit revenue rises. Throughout the year, the MGA ... Read the full article
Trading environment one of most favourable for reinsurers in many years: Guy Carpenter
1st July 2025
Despite extensive loss activity in Q1, Guy Carpenter anticipates strong reinsurer performance to continue for the rest of 2025, with capital growth of 5% to 7% by year-end. Even with global economic volatility and insured losses nearing $70 billion through H1 of 2025, the reinsurance renewal trends observed at January 1 ... Read the full article
Supply & demand balance shifts back towards buyers at mid-year reinsurance renewals: Gallagher Re
1st July 2025
Buyers of protection had the opportunity to secure improvements to the structure of their property and specialty reinsurance programmes at the July 1st, 2025, reinsurance renewals, a period in which Gallagher Re notes a shift in the balance of supply and demand back towards reinsurance buyers. The reinsurance broker's 1st View ... Read the full article
Howden Re names Elliot Richardson as Executive Chair as Rod Fox steps down
1st July 2025
Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, has appointed Elliot Richardson as its new Executive Chair, as Rod Fox has decided to step down and leave the business. Fox, the founder of TigerRisk Partners LLP, had been Executive Chair since the merger of the two ... Read the full article
Lockton appoints Serrault as COO of US, Kuonen named COO of Dunning
1st July 2025
Lockton, a privately held insurance brokerage, has appointed Nick Serrault as Chief Operating Officer (COO) for its US operations, reporting to Tim Ryan, Lockton’s US President, based in Texas. Serrault has nearly two decades of industry experience, including nearly a decade of leadership experience at Lockton. Most recently, he was the COO ... Read the full article
Hiscox launches new Cargo API for smaller risks
1st July 2025
Responding to a clear market demand, specialist insurer Hiscox has launched a new Cargo API (application programming interface) based solution designed to cover smaller cargo - risks that typically do not get placed in the London insurance market. The new solution, available through Hiscox’s broker partners, focuses on underwriting small cargo ... Read the full article
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