Reinsurance News
Lloyd’s sees rising standards and cautious expansion amid competitive pressure: TD Cowen
23rd September 2025
TD Cowen, an investment bank and financial services firm, recently hosted a field trip to London with senior management from Arch Capital (ACGL), Ascot, Canopius, Everest Group (EG), Hiscox, Howden Re, Inigo, Intact, Lancashire, and Sirius Point. During the trip, TD Cowen gathered insights on current conditions at Lloyd’s, highlighting trends ... Read the full article
HDI Global USA names Bruce Griffin as Head of Casualty
23rd September 2025
HDI Global Insurance Company (HGIC), the US arm of international Corporate & Specialty insurer HDI Global (HDI), has appointed Bruce Griffin as Head of Casualty. Griffin brings over 30 years of underwriting and leadership experience. Most recently, he was Chief Underwriting Officer for US Casualty at Everest Insurance, where he played ... Read the full article
Florida’s Praxis Reciprocal Exchange obtains OIR license
23rd September 2025
A newly established Florida domiciled property insurer, Praxis Reciprocal Exchange (PRE), has received its certificate of authority from the Florida Office of Insurance Regulation (OIR). PRE will operate as a reciprocal insurer, owned by its policyholders and managed by Pre Risk Management, LLC as its Attorney-in-Fact. With licences secured, the carrier ... Read the full article
MetLife acquires 20% of LatAm insurtech Klimber
23rd September 2025
Global insurer MetLife has acquired a 20% stake in insurtech Klimber, a partnership that aims to transform how insurance is accessed and distributed throughout Latin America. This achievement, the firm stated, strengthens Klimber's position in the evolving digital insurance landscape in the region. The insurtech’s platform allows its partners in the banking, ... Read the full article
Radian’s acquisition of Inigo to increase diversification & growth opportunities: S&P
23rd September 2025
S&P Global Ratings has indicated that Radian’s recent $1.7 billion acquisition of Lloyd’s specialty insurer Inigo could enhance the diversification of its business and create growth opportunities that are currently constrained within its U.S. mortgage insurance operations. Following the announcement, S&P has placed its 'BBB-' rating on Radian and its ... Read the full article
Marsh McLennan names Kim Abildgaard as CEO of Denmark
23rd September 2025
Global insurance and reinsurance broker Marsh McLennan has promoted Kim Abildgaard to Chief Executive Officer (CEO) of its Denmark operation, effective October 1st, 2025. Abildgaard, who succeeds Dorothee Gnaedinger, most recently served as interim CEO of Denmark for the broking group, and will be based in Copenhagen, reporting to Peder Schauman, ... Read the full article
Geopolitical uncertainty, supply chain disruption & inflation, top risks for business leaders: Beazley
23rd September 2025
In today's fast-changing global environment, there has been a sharp and rapid shift in how global leaders are prioritising risk, with geopolitical uncertainty, supply chain disruption and inflation becoming top concerns, a recent Beazley survey revealed. This new risk perception marks a significant change from seven months prior, in January 2025, ... Read the full article
Davies names Adam Warwick as Group Chief Information Officer
23rd September 2025
Davies, a specialist in professional services and technology solutions for insurance, financial services, and other regulated industries, has announced the appointment of Adam Warwick as Group Chief Information Officer (CIO). Warwick joins from Bravura, a global software solutions provider, where he was Group Chief Technology and Product Officer. He brings more ... Read the full article
Third-party cyber risks among most significant threats to operational resilience: Acrisure
23rd September 2025
A new report authored by Acrisure’s James Morgan has highlighted the rising threat of cyber-attacks on key third-party vendors and their potential to trigger widespread operational disruption and financial losses across multiple businesses. The new report is centred around the recent cyberattack on Collins Aerospace, a major aviation technology provider owned ... Read the full article
Fitch upgrades Generali’s ratings on lower sovereign risk & improved performance
23rd September 2025
Fitch Ratings has upgraded Generali and its core subsidiaries’ Insurer Financial Strength (IFS) Ratings to ‘AA-’ from ‘A+’, citing lower sovereign risk and the group’s very strong profile, capitalisation, leverage, and operating performance. The agency has also upgraded Generali's Long-Term Issuer Default Rating (IDR) to 'A+' from 'A', assigning Stable outlooks ... Read the full article
Insurance Development Forum strengthens leadership with key appointments
23rd September 2025
Insurance Development Forum (IDF), a public-private partnership, has announced three key additions to its steering committee, bringing a global wealth of experience and expertise to its mission of closing protection gaps and enhancing resilience. The new members are Patrick Tiernan, Chief Executive of Lloyd's; Eduardo Fabrega, CEO of ASSA Compañia de ... Read the full article
AM Best revises Issuer Credit Rating outlook to positive for Singapore Re
23rd September 2025
AM Best has revised Singapore Re’s outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed its rating of “a” (Excellent). The agency also affirmed the company’s Financial Strength Rating (FSR) of A (Excellent), with a stable outlook. These ratings reflect Singapore Re’s balance sheet strength, considered ... Read the full article
Just Group shareholders approve BWS acquisition
23rd September 2025
Just Group plc shareholders have voted in favour of Brookfield Wealth Solutions’ (BWS) acquisition of the company, marking a step toward the completion of the recommended cash offer. The vote took place at the Court Meeting and General Meetings held on September 19, 2025. The agreement, first announced on 31 July ... Read the full article
Bamboo Insurance and Accredited partner to expand homeowners coverage in California
23rd September 2025
Bamboo Insurance, a homeowners insurance provider with a technology-driven model, has announced a partnership with Accredited, a specialty insurer. The collaboration introduces Bamboo’s new E&S Signature product, designed to broaden coverage options for homeowners in California. As several insurers scale back operations in the state, Bamboo is maintaining its presence and expanding ... Read the full article
Casualty insurance pricing remains high, specialty and non-US markets offer opportunities: TD Cowen
22nd September 2025
TD Cowen, an investment bank and research provider, hosted a field trip to London last week with senior management from prominent re/insurance and broking groups, offering insights into shifting dynamics across casualty insurance and related markets. According to TD Cowen, views on casualty insurance were mixed, with some executives pointing to ... Read the full article
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