Reinsurance News
Tokio Marine Kiln introduces enhanced Cyber Ctrl insurance suite
24th September 2025
Tokio Marine Kiln (TMK), a specialist insurer, has launched an updated version of its Cyber Ctrl product suite. The new offering includes expanded products and revised wordings, such as the new Professional Ctrl policy for Technology, Media, and Errors & Omissions (E&O), along with improvements to TMK’s existing Cyber Ctrl coverage. The ... Read the full article
John Gorman to serve as Head of Facultative and Facilities at Ryan Re
24th September 2025
Ryan Specialty, an international specialty insurance firm, has appointed John "JJ" Gorman as Head of Facultative and Facilities for Ryan Re Underwriting Managers (Ryan Re), effective October 1st, 2025. Ryan Re is the insurer's managing general underwriter focused on property and casualty reinsurance. Driven by the flow of business from the Read the full article
GreenieRE Coalition & Trellis Climate launch Vensurety for climate companies
24th September 2025
GreenieRE Coalition, a reinsurer focused on insurance innovation for the energy transition, and Trellis Climate, an impact-first, catalytic capital program investing in early climate infrastructure projects, have launched Vensurety, an impact-first, tech-expert insurance platform for climate companies. Vensurety, short for “Venture Surety,” is supported by anchor funding from the Schmidt Family ... Read the full article
SRG names Sasa Brcerevic as Group Chief Commercial Officer
24th September 2025
Specialist Risk Group (SRG), a specialist insurance group, has announced the appointment of Sasa Brcerevic as its first Group Chief Commercial Officer, effective 1 November 2025. Brcerevic brings a broad and varied background across the insurance and commercial sectors. He has held positions as a technologist, management consultant, Chief Operating Officer, and ... Read the full article
US P&C insurers boost profitability in H1’25 despite cat losses: Moody’s
23rd September 2025
Moody’s Ratings, the credit rating agency and research firm, reported that US property and casualty insurers delivered stronger profitability in the first half of 2025, even as California wildfires in the first quarter drove substantial catastrophe losses. According to Moody’s, a representative sample of 20 rated insurers posted net income of ... Read the full article
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
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