Reinsurance News
Surge in specialty carrier launches: ALIRT study
30th September 2025
There has been a surge in new specialty carrier launches since 2018, many established to take advantage of an attractive pricing environment and the perceived growth of permanent niche underwriting opportunities, according to a recent study by ALIRT. In its annual Surplus Lines study, ALIRT noted that while specialty carriers remain ... Read the full article
Government shutdown could pressure US economy and insurers, AM Best warns
30th September 2025
A US government shutdown would quickly ripple through the economy and create challenges for the insurance industry, with the extent of the fallout depending on how long it lasts, according to a new analysis from AM Best, the credit rating agency. In its report, “US Government Shutdown May Increase Economic Uncertainty ... Read the full article
Blue Ocean Re appoints Sefani Busby-Thornhill as SVP & Account Executive
30th September 2025
Managing general agent (MGA) platform Blue Ocean Reinsurance Group has announced the appointment of Sefani Busby-Thornhill as Senior Vice President (SVP) and Account Executive. Busby-Thornhill brings more than 10 years of experience in alternative risk and reinsurance. She joins Blue Ocean from North End Re, where she served as Manager, Reinsurance Operations ... Read the full article
Bamboo and Accredited partner on reinsurance deal for new E&S signature program
30th September 2025
Bamboo Ide8 Insurance Services, LLC., part of White Mountains Insurance Group, alongside specialty insurer Accredited, have completed the reinsurance program supporting the launch of their new E&S Signature program. This reinsurance placement involves the funding of a multi-year sidecar transaction via Greenshoots Re, which was originally established in conjunction with ... Read the full article
Moore named Head of Group Captives for Zurich North America
30th September 2025
Zurich North America has announced the appointment of Matthew Moore as Executive Vice President - Head of Group Captives. In his new role, Moore will be based in Chicago and report to Alex Wells, EVP & Head of Middle Market at Zurich North America. The executive will be responsible for the strategy ... Read the full article
UK Space Agency funds Howden to develop advanced biodiversity risk monitoring solution
30th September 2025
Howden, the global insurance and reinsurance broking group, has secured funding under the UK Space Agency’s ‘Unlocking Space for Business Grant Call 2’ to develop an advanced biodiversity risk monitoring solution powered by satellite data and artificial intelligence (AI). The project was conducted in the Howden Resilience Laboratory, Howden’s digital innovation ... Read the full article
Ageas completes acquisition of esure from Bain Capital
30th September 2025
International insurance group Ageas has completed its acquisition of esure from Bain Capital for a total consideration of £1.295 billion. Initially announced in April 2025, Ageas confirmed that all necessary regulatory approvals have now been obtained and the transaction has been completed. The acquisition marks a major milestone for the Group, ... Read the full article
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
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