Reinsurance News
Arch Insurance UK promotes Mark McGrady to Liability Underwriting Manager
18th June 2025
Arch Insurance UK Regional Division has announced the promotion of Mark McGrady to Liability Underwriting Manager. McGrady will report to Stuart Danskin, Director of Underwriting for the UK Regional Division. In his new role, McGrady will lead the company’s underwriting activities across the product-led liability portfolio while continuing to drive growth for ... Read the full article
Testudo launches AI insurance underwriting platform backed by Lloyd’s Lab
18th June 2025
Lloyd’s of London-backed start-up Testudo, part of Lloyd’s Lab innovation accelerator, has launched a new data and technology platform aimed at underwriting insurance policies for risks associated with artificial intelligence. Testudo, a company incubated through several legal and enterprise accelerators and supported by investors including LocalGlobe and Goldman Sachs partners, seeks ... Read the full article
Tokio Marine HCC appoints Elizabeth Geary as President & CEO, NA P&C
18th June 2025
Tokio Marine HCC (TMHCC), a specialty insurance provider, has announced the appointment of Elizabeth Geary to the newly created role of President & CEO of North America P&C, effective June 30th, 2025. Based in New York City, Geary will report to Susan Rivera, CEO of Tokio Marine HCC. In her new role, ... Read the full article
Slide to receive $283m from upsized IPO
18th June 2025
Slide Insurance has announced the pricing of its upsized initial public offering of 24,000,000 shares of its common stock, par value per share $0.01, at a public offering price of $17.00 per share. Slide has revealed that it is offering 16,666,667 shares, and certain selling stockholders are offering 7,333,333 shares. Based on ... Read the full article
Howden acquires Chilean retail insurance broker U&F
18th June 2025
Howden, the global insurance and reinsurance broking group, has acquired a Santiago-headquartered independent retail insurance broker, Ureta & Fernandez Corredores de Seguros Limitada (U&F). U&F was founded in 2010 by Felipe Ureta, the current Chief Executive Officer (CEO), with Matias Fernandez joining shortly after. The broker specialises in P&C, motor, civil liability, ... Read the full article
Resilience names Colonel Judson C. Dressler to lead Risk Operations Centre expansion
18th June 2025
Resilience, a provider of cyber risk solutions, has announced that recently retired Colonel Judson C. Dressler will join the company to lead its Risk Operations Centre (ROC). Dressler will be responsible for overseeing the expansion of the ROC—an internal risk intelligence and threat hunting capability designed to identify cyber risks early ... Read the full article
Barents Re and subsidiaries get A- ratings with stable outlook from S&P
18th June 2025
Credit rating company S&P Global Ratings has assigned independent reinsurance group, Barents Re Reinsurance Company Inc. (Cayman Islands), and two of its subsidiaries (collectively Barents Re) an 'A-' long-term issuer credit and financial strength ratings with a stable outlook. The two subsidiaries with the 'A-' long-term financial strength ratings are Barents ... Read the full article
Liberty Specialty Markets restructures UK & MENA operations with new division leads
18th June 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has introduced new leadership roles to oversee three recently established divisions in its UK and MENA region: marine & aviation, specialty, and property. This restructuring is part of an effort to adjust the delegated authority framework in response to shifting market ... Read the full article
European insurers to increase private credit allocations, according to Moody’s
18th June 2025
Moody’s Ratings, a provider of credit ratings, research, and risk analysis, expects European insurers to significantly increase their exposure to private credit investments in the coming years. As of 2024, these assets accounted for approximately 13% of total insurer investment portfolios, based on Moody’s broad definition of private credit, which includes ... Read the full article
HDI Global names Alexandrine Ajavon as General Manager Global Network Africa
18th June 2025
Commercial and specialty lines insurer HDI Global SE has announced the appointment of Alexandrine Ajavon as General Manager Global Network Africa, report to Martial Fuge, Head of Global Network at HDI Global. In her new role based in Paris, Ajavon will manage relationships with HDI Global’s network partners in Africa and support ... Read the full article
Descartes Underwriting secures investment from Battery Ventures
17th June 2025
Battery Ventures, a global technology-focused investment firm, has made a strategic investment in Descartes Underwriting, a global corporate parametric insurance specialist. The transaction was executed at a premium to Descartes’ most recent Series B valuation. It allows Battery to join the company’s shareholder base, while all existing investors retain a large ... Read the full article
Mereo selects Northern Trust for asset servicing and asset management capabilities
17th June 2025
Mereo Insurance Limited has selected Northern Trust to provide asset servicing and asset management solutions. Mereo is a Bermuda-based integrated reinsurance platform that launched in the first quarter of 2025 and underwrites a wide range of casualty, specialty, and property classes of business. Under the agreement, Northern Trust Asset Servicing will ... Read the full article
KCC introduces High Velocity models for faster catastrophe loss analysis
17th June 2025
Karen Clark & Company (KCC), a provider of catastrophe risk modelling solutions, has released a new set of High Velocity (HV) models aimed at streamlining the analysis of hurricane and severe convective storm (SCS) losses. These models are designed to support quicker assessments while remaining consistent with KCC’s ... Read the full article
ASR partners with Lloyd’s Lab graduate APP to enhance energy underwriting
17th June 2025
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has partnered with Asset Performance Partners (APP), a graduate of the 2024 Lloyd’s Lab, to enhance data insights and risk management in the energy insurance sector. APP reportedly provides real-time operational data and insights for energy asset operators. By combining performance data with ... Read the full article
McGill and Partners introduces cyber insurance specifically designed for Battery Energy Storage Systems
17th June 2025
McGill and Partners, a specialist insurance and reinsurance broker, has announced the launch of a new cybersecurity insurance solution tailored to the Battery Energy Storage Systems (BESS) sector. With growing digitisation across the energy industry, battery storage systems have become increasingly vulnerable to cyber threats. As these systems become more interconnected and ... Read the full article
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