Reinsurance News
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
Blue Marble adds Guy Carpenter’s Dean Klisura to Board of Directors
16th June 2025
Climate insurer Blue Marble has announced the addition of reinsurance broker Guy Carpenter's President and Chief Executive Officer, Dean Klisura, to its Board of Directors, representing Marsh McLennan. In the role, Klisura succeeds Alex Moczarski, who served on Blue Marble's board since its founding in 2015 and is retiring following a ... Read the full article
CFC names Markel’s Nick Line as CUO
16th June 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has named Nick Line as Chief Underwriting Officer (CUO). He will join the insurer in 2026, after spending 28 years at Markel where he most recently held the role of CUO since 2018. Over the years at re/insurer Markel, Line has materially ... Read the full article
Strong performance at Lockton Re helps lift group revenue to $4bn
16th June 2025
Lockton Re, the reinsurance arm of the independent insurance brokerage, achieved 29% revenue growth in the fiscal year ending April 30, 2025. According to the firm, in 2024, the business experienced extensive growth, having established a global footprint of 22 locations. With continued investment in talent and new specialties, Lockton Re ... Read the full article
Air India plane crash to harden aviation reinsurance market: GlobalData
16th June 2025
The fatal Air India plane crash on June 12, 2025, is expected to harden the aviation reinsurance market, with reinsurers likely to reassess risks related to wide-body aircraft, adjust pricing models, and impose stricter terms, according to GlobalData. Last Thursday, the London-bound Air India Boeing 787-8 Dreamliner crashed shortly after takeoff ... Read the full article
Moody’s releases Version 25 of North Atlantic Hurricane Models for insurance applications
16th June 2025
Moody’s, a provider of risk modelling and analytics for the financial and insurance sectors, announced that Version 25 of its RMS North Atlantic Hurricane Models has been approved by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). The certification, granted on June 12, 2025, allows the model to be used ... Read the full article
Himanshu Garg named Head of New Business Initiatives, Everest Re
16th June 2025
Himanshu Garg has been promoted to Head of New Business Initiatives at Everest Reinsurance. Everest stated that Garg joined the firm in 2018 and has consistently demonstrated deep industry expertise, strategic thinking, and a strong track record of execution. In the new role, Garg will lead the development and implementation of Everest's ... Read the full article
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