Reinsurance News
Cyber premium growth slows, though long-term outlook still promising: Moody’s
30th September 2025
Increased competition and stagnating demand, especially in the US, are decelerating the pace of premium growth in the global cyber insurance market for the second year in a row, Moody’s said in a new report. Citing Munich Re data, Moody's said that gross premiums written in the global cyber insurance market ... Read the full article
Ambac finalises $420m sale of legacy financial guaranty units to Oaktree
30th September 2025
Ambac Financial Group has completed the sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited, to funds managed by Oaktree Capital Management for $420 million in cash. The cash sale of Ambac Assurance Corporation and Ambac Assurance UK Limited to Oaktree was initially announced ... Read the full article
The Fidelis Partnership launches new Accident & Health MGA
30th September 2025
The Fidelis Partnership (TFP) has announced the launch of a new managing general agent (MGA), Corsiam Specialty Limited, which will focus on underwriting a broad portfolio of global Accident & Health (A&H) insurance and reinsurance business. Corsiam was launched through Pine Walk, TFP’s specialist MGA platform, and is backed by The ... Read the full article
Talent gap a challenge for the re/insurance industry amid evolving global landscape: Toucan
30th September 2025
The global insurance and reinsurance industry is facing a significant talent gap, a challenge exacerbated by outdated recruitment practices and, in some cases, a lack of understanding of specialised industry roles, Marco Silva and Lucian Chiroiu, co-founders of Toucan, shared with Reinsurance News in a recent interview. Toucan, a UK recruiting ... Read the full article
Resolution Life appoints Jeff Davies as CFO
30th September 2025
Resolution Life, a global life insurance group focused on reinsurance and managing life insurance portfolios, has announced the appointment of Jeff Davies as Chief Financial Officer (CFO), effective 2nd March 2026. Davies will provide strategic direction and leadership for all financial and investment activities, while also overseeing corporate development and strategy ... Read the full article
Howden US names Mark Peterson as Head of its Construction, Infrastructure and Surety practice
30th September 2025
Howden, the insurance broker, has appointed Mark Peterson as Head of its Construction, Infrastructure and Surety practice in the United States. In this role, Peterson will be responsible for building the practice and developing a comprehensive solution for clients across the construction and infrastructure sectors. He will be part of Mike Parrish’s ... Read the full article
Markel appoints Clarice Francis as Operations Manager for War & Terrorism
30th September 2025
Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Clarice Francis as Operations Manager for War and Terrorism. In this role, Francis will focus on enhancing operational efficiency within the International War and Terrorism team, working closely with management, claims, actuarial, and product development departments to ... Read the full article
SiriusPoint to sell ArmadaCare MGA to Ambac for $250m
30th September 2025
Global specialty insurer and reinsurer SiriusPoint has agreed to sell its wholly owned supplemental health insurance program manager, ArmadaCare, to Ambac Financial Group for $250 million, while continuing its capacity partnership with Armada until the end of 2030. The transaction, which values Armada at approximately 14x EBITDA, is expected to close ... Read the full article
Lloyd’s and Ireland’s Department for Finance partner to drive insurtech innovation
30th September 2025
Lloyd’s, the world’s oldest insurance and reinsurance market for global risk, and Ireland’s Department of Finance, have strategically partnered to foster insurtech innovation, strengthen market resilience, and promote Irish expertise globally. This collaboration will create a dedicated Irish-themed cohort within the Lloyd’s Lab Accelerator Programme in the first half of 2026. Established ... Read the full article
QBE NA names Jayne Cunningham as SVP and Environmental Underwriting Leader
30th September 2025
QBE North America, a provider of commercial insurance solutions, has announced the appointment of Jayne Cunningham as Senior Vice President and Environmental Underwriting Leader, reporting to Dan Fortin, President of Specialty Insurance. Based in North Carolina, Cunningham brings over 30 years of experience in the insurance industry, including more than 20 ... Read the full article
Insurance Institute of London appoints BMS’ Dudley as its new President
30th September 2025
The Insurance Institute of London, the largest of the Chartered Insurance Institute’s local institutes and a centre for learning and networking within the London market, has confirmed the election of Richard Dudley ACII, Chartered Insurer, as President for the 2025–26 term. Dudley joined BMS in December 2024 and has more than ... Read the full article
Public-private risk-sharing key to closing the CBRN protection gap: GA & IFTRIP
30th September 2025
Although chemical, biological, radiological, and nuclear (CBRN) risks remain rare, a sizeable protection gap leaves individuals, businesses, and governments exposed to major incidents, according to a joint report by the Geneva Association and the International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP). The report noted that the CBRN risk landscape is ... Read the full article
Protecdiv promotes Cate DelaCruz to EVP and Head of Analytics
29th September 2025
Protecdiv, an insurance and reinsurance brokerage firm, has announced the promotion of Cate DelaCruz to Executive Vice President and Head of Analytics, effective immediately. In her new position, DelaCruz will be responsible for leading the ongoing development and strategic direction of Protecdiv’s analytics platform. She has also been tasked with overseeing the ... Read the full article
Swiss Re CorSo and Bondaval to launch data-driven credit risk solution
29th September 2025
Bondaval, a provider of technology-enabled credit insurance solutions, and Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, have partnered to launch data-driven credit risk policies that enhance the way businesses approach and protect against credit risk. Under the partnership, Bondaval will underwrite and issue credit insurance ... Read the full article
Marlon Williams hired as Senior Broker at AHJ Miller Bermuda
29th September 2025
AHJ Miller, the reinsurance division of Miller and an independent specialist re/insurance broker, has appointed Marlon Williams as Senior Broker in its Bermuda office. Williams brings more than 20 years of industry experience, covering insurance, reinsurance, catastrophe modelling, and international property catastrophe underwriting. He joins from Hiscox Re & ILS, where he ... Read the full article
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