Reinsurance News
Howden to launch reinsurance operation in Saudi Arabia
25th June 2025
Howden, a global insurance and reinsurance broking group, has secured regulatory approval to launch a reinsurance operation in the Kingdom of Saudi Arabia, Howden Re KSA, to be led by Motaz Bukhari as Chief Executive Officer (CEO). Howden Re KSA is to offer Treaty and Facultative placements, in addition to offering ... Read the full article
Willis report highlights rising political polarisation as a growing concern for business
25th June 2025
Political polarisation is increasing across the globe and bringing with it a wave of uncertainty that threatens both governments and businesses, according to the latest Political Risk Index published by Willis, an advisory, broking, and risk solutions firm. Drawing from an extensive review of political conditions in over 200 countries, the ... Read the full article
Miller names Martin Dimas as Head of Indonesia Desk, Singapore
25th June 2025
Miller, the independent specialist insurance and reinsurance broker, has announced the appointment of Martin Dimas as Head of Indonesia Desk, Singapore. In this role, Dimas will be responsible for driving the growth of Miller’s Indonesian reinsurance business across all lines, working closely with the firm’s product line experts. He brings over a ... Read the full article
Pinpoint UK now FCA-authorised as Appointed Representative of Resolution Underwriting
25th June 2025
Pinpoint UK Solutions Ltd, the UK-based MGA of AM Specialty Insurance Group, has officially launched operations in the UK after being appointed as an Appointed Representative (AR) of Resolution Underwriting Partnership Ltd. As an AR—a regulated status that allows firms to carry out specific financial activities under the supervision and license ... Read the full article
Canopius-sponsored Equus approved as Lloyd’s DCA
25th June 2025
Canopius Managing Agents Ltd (Canopius) has announced that Equus Claims Management Ltd (Equus) has been approved as a Lloyd’s Delegated Claims Administrator (DCA), following sponsorship by Canopius. Equus is a liability adjusting firm specialising in the investigation and handling of equine claims, providing nationwide coverage across the UK. Co-founded by Mark Pilkington ... Read the full article
US cyber insurance premiums post first-ever decline in 2024: AM Best
25th June 2025
According to a new market segment report from AM Best, direct premiums written (DPW) for US cyber insurance declined by 2.3% in 2024, dropping to just under $7.1 billion. This marks the first recorded decrease in the segment since the National Association of Insurance Commissioners (NAIC) began collecting data on cyber ... Read the full article
Eric Malterre appointed as ASR Chief Underwriting Officer
25th June 2025
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has announced the appointment of Eric Malterre as Chief Underwriting Officer, a newly created role. Malterre will leverage his 25 years of international insurance experience to develop underwriting strategies, driving profitability, and ensuring underwriting standards are aligned with the company’s risk appetite and ... Read the full article
Berkley Cyber Risk Solutions launches new incident responder coverage
25th June 2025
Berkley Cyber Risk Solutions has introduced its new Incident Responder Enhancement Endorsement, aimed at addressing the frequently overlooked human impact of responding to cyber breach events. The endorsement offers reimbursement for cancelled vacations, child or elder care, and corporate safety costs incurred by incident response teams on the front lines of ... Read the full article
Selective Insurance appoints Ari Moskowitz as Chief Risk & Reinsurance Officer
25th June 2025
Selective Insurance has announced the appointment of Ari Moskowitz as Chief Risk & Reinsurance Officer. Moskowitz brings nearly 20 years of re/insurance industry experience, with strong expertise in actuarial pricing and risk management. He rejoins Selective Insurance, where he previously served as an Actuarial Analyst from 2009 to 2010, focusing on actuarial ... Read the full article
Everest Insurance launches Korea Desk led by Brian Jee
25th June 2025
Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, has announced the launch of its Korea Desk, led by Brian Jee. Jee has been appointed Head of Korea and Senior Financial Lines Underwriter. He brings nearly 15 years of industry experience to the role. Jee joined Everest in July 2023 as ... Read the full article
Brit establishes new digital underwriting platform for US flood market
25th June 2025
Brit Group Holdings Limited has revealed the launch of Brit Flood, a new digital underwriting platform for the US flood market. Brit explained that the new development is built on its in-house technology platform and can offer instant quotes for primary US residential flood insurance. "Using an API which connects agent’s platforms ... Read the full article
Alasdair Walker to succeed Li Sheung Kin as CEO, Sompo Hong Kong
25th June 2025
Alasdair Walker is to succeed Li Sheung Kin (S.K.) as Chief Executive Officer (CEO) of Sompo Hong Kong, subject to appropriate local regulatory and immigration approvals, as the executive retires after 24 years with the company. Li has held several leadership roles during his career with Sompo Hong Kong. He was ... Read the full article
AXA unveils unified Ceded Re team after strategic realignment
25th June 2025
Effective July 1, 2025, AXA is unifying its AXA Group and AXA XL Ceded Reinsurance (Ceded Re) teams to form a single, integrated Ceded Re team. This move aims to enhance alignment, streamline operations, and drive greater efficiency. As per AXA, the unified Ceded Re team will operate under Guy Van ... Read the full article
Everest Board adds Allan Levine as independent non-exec member
25th June 2025
Global insurer and reinsurer Everest Group has appointed Allan Levine as an independent, non-executive member of its Board of Directors. His appointment follows the expansion of Everest’s Board, following the recent appointments of Darryl Page and John Howard. Levine has three decades of experience in value creation across insurance and ... Read the full article
Lockton and Parametrix to launch SLA insurance for data centre market
25th June 2025
Lockton, a privately held insurance brokerage, has partnered with Parametrix, a provider of digital business interruption risk solutions, to launch Service Level Agreement (SLA) breach coverage to the data centre market. The pair explained that the coverage delivers immediate financial compensation in the event of an SLA breach, based on predefined ... Read the full article
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