Reinsurance News
Cyber reputation risk events can reduce shareholder value by 27%: Aon
17th June 2025
Cyber events that cause reputation risks can lead to an average 27% drop in shareholder value, according to Aon's 2025 Global Cyber Risk Report. The report analysed more than 1,400 cyber events globally, identifying which types are most likely to evolve into reputation risk events and which are most damaging when ... Read the full article
The Hartford appoints Stephanie Lynch as Head of Ceded Reinsurance
17th June 2025
The Hartford, a provider of insurance and financial services, has appointed Stephanie Lynch as Head of Ceded Reinsurance. Lynch brings 15 years of industry experience to the role. She joined The Hartford in September 2023 as Cyber Underwriting Officer, where she focused on strategy, growth, and streamlining the company’s cyber portfolio. Previously, ... Read the full article
Fitch keeps European insurance sector outlook neutral at mid-year
17th June 2025
Fitch Ratings has noted that the European insurance sector outlook remains 'neutral' at mid-year 2025, driven by stable business conditions despite a weaker economic outlook and increased financial market volatility. At the same time, the rating agency has said individual countries’ life and non-life sector outlooks are 'neutral', except for Italian ... Read the full article
WTW names Farah Ismail as Senior Director, Head of Commercial Lines, ICT
17th June 2025
WTW, an advisory, broking, and solutions firm, has appointed Farah Ismail as Senior Director, Head of Commercial Lines within its Insurance Consulting and Technology (ICT) business in North America. Based in New York, Ismail will report to Laura Doddington, Head of Personal & Commercial Lines Consulting & Technology. In this role, Ismail ... Read the full article
IUA appoints three new directors amid organisational restructure
17th June 2025
The International Underwriting Association (IUA), the representative body for London company market insurers, has announced the appointment of three new directors as part of a wider organisational restructure, with these changes coming under the direction of Chris Jones, who became Chief Executive of the IUA on May 1. The restructure includes ... Read the full article
hyperexponential research highlights differences in AI strategy and governance between UK and US insurers
17th June 2025
New findings from Insurtech provider hyperexponential (hx) show that data ingestion is the most commonly adopted AI application in the insurance sector, with 95% of UK and 89% of US insurers incorporating it into their operations. The study, which surveyed 350 professionals in underwriting, actuarial, and IT roles across the Specialty ... Read the full article
BILTIR & ABI sign MoU to boost global reinsurance industry
17th June 2025
Bermuda International Long Term Insurers and Reinsurers (BILTIR) and the Association of British Insurers (ABI) have signed a Memorandum of Understanding (MoU) to enhance collaboration by sharing information and insights on critical industry issues. Under the agreement, which was signed at a Life and Annuity Reinsurance Forum in London, BILTIR and ... Read the full article
QBE appoints Henrik Larsen as Nordics General Manager
17th June 2025
Commercial insurer QBE has announced the appointment of Henrik Larsen as General Manager for the Nordics, effective 23rd June 2025. Based in Copenhagen, Larsen will lead QBE’s team across Denmark and Sweden to strengthen the company’s market position in the region. He will report to Beatriz Valenti, Director of Insurance, QBE ... Read the full article
Kin secures $1.4bn Florida reinsurance coverage at June 1 amid market expansion
17th June 2025
Kin Insurance has revealed that the reciprocal exchanges it manages, Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, have completed their reinsurance programs for the period of June 1, 2025, through May 31, 2026. For Florida, Kin has secured $1.4 billion in reinsurance protection against natural catastrophes, reinforcing its commitment to ... Read the full article
Leandros Kotsakis to succeed Kjell-Åke Augustsson as Head of Skuld Piraeus
17th June 2025
Global marine insurer Skuld has announced that Kjell-Åke Augustsson will retire as Senior Vice President, Head of Skuld Piraeus, on 28th February 2026, with Leandros Kotsakis set to assume leadership of the Piraeus office from 1st March 2026. Augustsson first joined Skuld in 1990 and served as an underwriter for 10 ... Read the full article
Cowbell adds Kirsten Maley as Director of Claims, UK
17th June 2025
Cowbell, a cyber insurer focused on small to medium-sized enterprises and the middle market, has appointed Kirsten Maley into a newly created role of Director of Claims, UK, aligning with the insurers commitment to scale its presence in a growing UK market. In her new role, Maley will oversee Cowbell’s UK ... Read the full article
Victor Insurance reveals global extended warranty services and appoints new MD
17th June 2025
Victor Insurance, a managing general underwriter, has introduced Victor Extended Warranty—a new international service offering that supports insurers and reinsurers with underwriting solutions for extended warranty programmes. This initiative covers a wide range of vehicles, including electric and internal combustion engine (ICE) vehicles, motorcycles, scooters, light commercial vehicles (LCVs), vans, trucks, ... Read the full article
Athene names Grant Kvalheim as CEO and Jim Belardi as Executive Chairman
17th June 2025
The Board of Directors of Athene, a retirement services company and subsidiary of Apollo Global Management, Inc., has appointed Grant Kvalheim as Chief Executive Officer (CEO), effective July 1st, 2025, while Co-founder Jim Belardi was named Executive Chairman and will remain Chief Investment Officer (CIO). Additionally, the firm has promoted Mike ... Read the full article
Taiwan’s non-life insurance premiums rose 10.5% in 2024: AM Best
17th June 2025
Taiwan’s domestic non-life insurance premiums continued to rise in 2024, increasing by 10.5% to TWD 278.5 billion (USD 9.2 billion), according to a recent report by AM Best. All of AM Best’s rated entities recorded premium growth during the year, supported by expansions in voluntary motor, travel insurance, and commercial lines. Combined ... Read the full article
US insurers plan to more than double AI investments over the next 3-5 years, according to Wipro
16th June 2025
Wipro Limited, a provider of AI-powered technology services and consulting, has released a report which shows that AI spending is set to grow significantly within insurers’ IT budgets. The study, "The AI Advantage: Building Tomorrow’s Insurance Enterprise," surveyed 100 senior executives from US insurance companies with annual revenues above $500 million ... Read the full article
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