Reinsurance News
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
Ryan Specialty acquires J.M. Wilson
13th June 2025
Ryan Specialty, an international specialty insurance firm, has signed a definitive agreement to acquire the business of J.M. Wilson Corporation, a Michigan-domiciled business offering products from personal lines to surety, and transportation expertise. J.M. Wilson and its operations will become a part of RT Binding Authority, the binding authority specialty of ... Read the full article
Coastal Marine names Joe Battle as Chairman and Callum Clark as CEO
13th June 2025
The Board of Coastal Marine Asia Holdings Ltd. (Coastal Marine), a specialist marine insurance MGA and risk management consultancy, has announced the appointments of Joe Battle as Chairman of the Board and Callum Clark to the newly created role of Group CEO. Both Battle and Clark joined Coastal Marine in October ... Read the full article
Majesco report urges shift from legacy models to future-ready foundations
13th June 2025
Majesco, a provider of cloud-based insurance software, has released a new Thought Leadership report, Strategic Priorities 2025: A New Operating Business Foundation for the New Era of Insurance, which outlines why a shift away from legacy operating models and outdated technology is necessary to meet the needs of a rapidly ... Read the full article
Mission Underwriters appoints Sujatha Raju as Chief Technology Officer
13th June 2025
Mission Underwriters, a technology-driven global underwriting company, has announced the appointment of Sujatha Raju as Chief Technology Officer. In her new role, Raju will lead the technology team in advancing the company’s platform, focusing on scalable infrastructure, operational excellence, and solutions that empower both underwriters and partners. Raju brings over 23 years ... Read the full article
KCC US Hurricane Model 5.0 receives certification from Florida Commission on Hurricane Loss
12th June 2025
Karen Clark & Company (KCC), a provider of catastrophe risk models and analytics to the insurance industry, has announced that its US Hurricane Reference Model Version 5.0 has been officially certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). KCC is the first modelling firm to earn certification under ... Read the full article
Gordon Watson elected to Liberty Mutual Insurance’s Board
12th June 2025
Tim Sweeney, Chairman and CEO of Liberty Mutual Insurance, has announced that Gordon Watson has been elected to the company's board of directors. Watson brings over three decades of experience in the insurance sector. He recently served as Chair of AXA Asia and CEO of AXA Asia & Africa, where he ... Read the full article
WTW adds Scott Van Slyck and Kate Gingras to Insurance Consulting and Technology team
12th June 2025
Insurance and reinsurance broking group WTW has appointed Scott Van Slyck as Senior Director of Technology Sales and Kate Gingras as Director of Strategy Execution within its Insurance Consulting and Technology (ICT) business. The pair will report to Giovanni Smyth, Americas Regional Leader for the ICT business. However, Slyck has an ... Read the full article
The Baldwin Group’s Westwood to acquire Hippo’s homebuilder distribution network
12th June 2025
The Baldwin Group has announced that its indirect subsidiary, Westwood Insurance Agency LLC, has entered into an agreement to acquire the homebuilder distribution network from Hippo Holdings, Inc. and its affiliates, expected to close on or around July 1st, 2025. Westwood will acquire all outstanding equity interests of the entities comprising ... Read the full article
Guy Carpenter’s Ian Wrigglesworth elected as President of the AIA
12th June 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has congratulated Ian Wrigglesworth on his election as President of the Aviation Insurance Association (AIA) for the 2025–2027 term. The AIA is a professional organisation dedicated to the aviation insurance sector, serving as a platform for networking and education for underwriters, brokers, ... Read the full article
Specialist Risk Group appoints Neil Nimmo as CEO – UK
12th June 2025
Specialist Risk Group (SRG), an insurance intermediary backed by Warburg Pincus and Temasek, has announced the appointment of Neil Nimmo as CEO – UK. In his new role, Nimmo will oversee SRG’s Retail, Wholesale, and Underwriting businesses in the UK. His leadership will be key to scaling the Group’s successful model ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
