Reinsurance News
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
Ascot appoints CNA’s Steven Goldman as Global Head of Distribution
25th June 2025
Global specialty re/insurer Ascot Group has announced the appointment of Steven Goldman as Global Head of Distribution, a newly created role, effective July 7, 2025. Based in Stamford, CT., Goldman has been tasked with developing, leading and executing Ascot's global distribution strategy, as well as supporting the company's mission “to be ... Read the full article
Willis introduces Zest Insurance, a digital platform for Australian SMEs
25th June 2025
Willis, part of the WTW group, has introduced Zest Insurance, a new digital insurance platform built specifically for small and medium-sized enterprises (SMEs) in Australia. The launch signals a shift in how smaller businesses can access and manage their insurance needs—bringing together digital speed with professional support. Zest Insurance allows SMEs to ... Read the full article
Roosevelt Road Specialty appoints Brendan Cook as CUO of Property
25th June 2025
Roosevelt Road Specialty, a specialty managing general underwriter, has appointed Brendan Cook as Chief Underwriting Officer (CUO) of Property. In this role, Cook will lead the company’s property underwriting strategy, overseeing risk selection, portfolio management, and underwriting innovation across the platform. He brings more than 20 years of industry experience, with deep ... Read the full article
Orion180 lifts reinsurance coverage 31% for 2025 hurricane season to $845m
24th June 2025
Insurance solutions provider Orion180 has completed its excess-of-loss (XOL) and net quota share reinsurance agreements for the 2025 hurricane season totalling $845 million, which represents a 31% increase from the 2024 programme. The renewed reinsurance programme is backed by a robust panel of 35 leading global reinsurers, and covers both Orion180 ... Read the full article
Philippe Cotelle to succeed Charlotte Hedemark as FERMA President
24th June 2025
Philippe Cotelle has been elected as the next President of the Federation of European Risk Management Associations (FERMA), succeeding Charlotte Hedemark who completes her two-year tenure. Cotelle is currently a Board member of FERMA and Head of Cyber Insurance Management and Head of Insurance Risk Management for Airbus Defence & Space, ... Read the full article
Coalition Re launches Helios platform to improve cyber risk monitoring
24th June 2025
Coalition, known as the first Active Insurance provider focused on digital risk prevention, has introduced Coalition Re’s Helios platform. This new tool allows cedants of Coalition Re to track their cyber risk exposures in real time and manage their portfolios with updated data. Existing cedants can use the platform now at no ... Read the full article
Instnt partners with Munich Re to expand fraud insurance capacity
24th June 2025
Instnt, a venture-backed insurance technology company, has announced a strategic partnership with global reinsurer Munich Re to expand reinsurance capacity for its Fraud Loss Insurance product. Instnt developed this solution to address the heavy burden of fraud on businesses, which cost an estimated $485.6 billion globally in 2023. The Fraud Loss Insurance ... Read the full article
Zurich urges stronger climate resilience for Europe’s clean energy infrastructure
24th June 2025
In a recent report, Zurich Insurance Group emphasised the urgent need to strengthen Europe’s clean energy infrastructure against growing climate-related threats, calling for stronger collaboration between the public and private sectors. The report analysed more than 25,000 power generation sites across France, Germany, Italy, Spain, and the UK. Using Climate Spotlight, ... Read the full article
Protecdiv names Sandra Thompson, former FHFA Director, as Independent Board Director
24th June 2025
Protecdiv, an insurance and reinsurance brokerage firm, has announced the immediate appointment of Sandra Thompson, former Director of the Federal Housing Finance Agency, as an Independent Director on its Board. With many years of experience in financial services, regulatory oversight, and corporate governance, Thompson joins Protecdiv as the company continues its ... Read the full article
Tokio Marine HCC teams up with Adaptive Insurance to launch short-term power outage coverage in 18 states
24th June 2025
Adaptive Insurance, a company focused on climate resilience using AI and data to offer climate-based parametric insurance, has entered a partnership with Tokio Marine HCC (TMHCC), a specialty insurance group based in Houston, Texas, and part of the Tokio Marine Group. With TMHCC’s financial backing and specialty insurance experience, Adaptive Insurance’s ... Read the full article
Munich Re’s ERGO expands Nordic presence with the merger of travel and health insurance units
24th June 2025
Munich Re's ERGO Group AG has completed the merger of its Danish travel insurance company, Europæiske Rejseforsikring A/S and its Norwegian health insurance business, ERGO Forsikring AS, formerly known as Storebrand Helseforsikring AS, expanding its presence further in the Nordic market, creating significant growth potential. Following the merger, ERGO is combining ... Read the full article
ILS and collateralised reinsurers dominate Florida Citizens 2025 renewal
24th June 2025
Final lines for Florida Citizens Property Insurance Corporation's 2025 risk transfer programme reveal that insurance-linked securities (ILS) and collateralised markets make up the majority of the new reinsurance placed, and the total tower for the year ahead. Yesterday, we reported that Citizens, Florida's insurer of last resort, had successfully secured ... Read the full article
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