Reinsurance News
Lockton names Claughton as National Manager for FI and Moens as Client Manager, Australia
16th June 2025
Lockton, a privately held insurance brokerage, has strengthened its Professional and Executive Risk team with the appointments of Craig Claughton as National Manager – Financial Institutions (FI), based in Queensland and Dennis Moens as Client Manager, based in Sydney. The hires align with Lockton’s strategy to invest in deep, specialist expertise ... Read the full article
ICIEC & CAGEX renew reinsurance alliance to further OIC trade growth
16th June 2025
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has renewed its reinsurance treaty arrangement with the Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX) for the 2025 underwriting year. ICIEC is a Shariah-based multilateral insurer and Islamic Development Bank (IsDB) Group member. The signing of this agreement ... Read the full article
ICISA elects Hannover Re’s Müller as President and Chubb’s Buckley as VP
16th June 2025
The International Credit Insurance & Surety Association (ICISA) has announced the election of large European reinsurer Hannover Re’s Jan Müller as President and US insurer Chubb’s Dekker Buckley as Vice-President (VP). In a recent post, ICISA stated, “With their experience, vision, and commitment, they will guide ICISA as we continue to ... Read the full article
US home insurance becoming increasingly unaffordable: IRC
13th June 2025
The average cost of home insurance in the US has increased faster than inflation over the past 20 years, driven by natural disasters, higher repair costs, supply chain disruptions, and population shifts into high-risk areas, according to the Insurance Research Council (IRC). A new research brief from the IRC finds that ... Read the full article
ARC’s Board appoints David Maslo as interim CEO
13th June 2025
The Board of African Risk Capacity Ltd (ARC) has announced the appointment of David Maslo as interim CEO, effective 16th June 2025. Maslo brings a strong combination of actuarial expertise and policy insight to this role. He returns to ARC Ltd after serving as Chief Risk Management Officer at the Caribbean Catastrophe ... Read the full article
Global reinsurance viewed as stable amid uncertainty: S&P
13th June 2025
At S&P Global Ratings’ 41st Annual North American Insurance Conference, the key topic of conversation was uncertainty, yet S&P believes the industry is well-positioned to withstand it, viewing global reinsurance and North American life and property/casualty (P/C) insurance as stable. The main areas of uncertainty—and volatility—on the minds of S&P’s external ... Read the full article
RIQ revealed as official name for AI-native reinsurance platform launched by IHC
13th June 2025
Global investment firm IHC has announced the official launch of Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in ADGM (Abu Dhabi Global Market), the international finance centre in Abu Dhabi. "The unveiling of the brand marks a significant milestone following the announcement last month and underscores ... Read the full article
Concirrus launches AI underwriting platform in US specialty market
13th June 2025
Concirrus, a provider of AI-driven insurance solutions, has expanded its presence in the US specialty market with the launch of its new AI underwriting platform. The company revealed it has deployed the platform with “one of the world’s top ten specialty insurers.” Building on earlier successes in North America, the agreement ... Read the full article
Gallagher Re sees signs of recovery in Florida’s insurance market
13th June 2025
According to the 2024 Year-End Florida Market Watch Report released by reinsurance broker Gallagher Re, Florida’s property insurance market ended the year showing progress across several key financial indicators despite ongoing underwriting pressure. Drawing from statutory data provided via S&P Global Market Intelligence, Gallagher Re’s analysis highlights both improvement in capital ... Read the full article
Hymans Robertson launches risk transfer and investment service for small pension schemes
13th June 2025
Hymans Robertson has announced the launch of TRUST, a new end-to-end risk transfer and investment service designed to help smaller pension schemes navigate and execute bulk annuity transactions. The service is aimed at schemes with typically £150m or less in assets—an area where demand is growing, with deals of this size ... Read the full article
Hippo targets $2bn+ in GWP by 2028
13th June 2025
At its 2025 Investor Day, Hippo unveiled a three-year strategic roadmap, setting 2028 financial targets that include gross written premiums exceeding $2 billion, adjusted net income above $125 million, and an adjusted return on equity greater than 18%. Hippo has outlined its approach to creating shareholder value by diversifying its premium ... Read the full article
Singapore Re secures reinsurance branch license to operate as IIO in India’s GIFT City
13th June 2025
Singapore Reinsurance Corporation Ltd (Singapore Re) has secured a reinsurance branch license from the International Financial Services Centres Authority (IFSCA) to operate as an IFSC Insurance Office (IIO) in Gujarat International Finance Tec-City (GIFT City). Singapore Re provides Treaty and Facultative reinsurance solutions across property, energy, marine, upstream, equipment, casualty, agriculture, ... Read the full article
Volante Global appoints Peter Montanaro as Non-Executive Director
13th June 2025
Volante Global, an international Managing General Agent (MGA) and Lloyd’s Syndicate, has announced the appointment of Peter Montanaro as Non-Executive Director, effective 1st July 2025. In this role, Montanaro will work closely with Martin Reith, Executive Chairman of Volante Global. He will also join the Volante Global Group Board and serve ... Read the full article
Bermuda’s long-term insurance sector maintains stability amid systemic risk concerns: BILTIR
13th June 2025
A recent independent report commissioned by Bermuda International Long Term Insurers and Reinsurers (BILTIR)—an association representing Bermuda-based long-term re/insurance companies—and conducted by Oliver Wyman, a global management consulting firm, has affirmed that Bermuda’s long-term re/insurance industry acts as a source of stability rather than risk within the global financial system. The ... Read the full article
IQUW promotes Phil Furlong to Head of Technical Underwriting and Oversight
13th June 2025
Specialty insurer and reinsurer IQUW has promoted Phil Furlong to the newly created role of Head of Technical Underwriting and Oversight, with Mark McDonach succeeding Furlong as Head of Marine, Energy, and Aviation. According to IQUW, in his new position, Furlong will oversee underwriting governance and technical standards across the business, ... Read the full article
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