Reinsurance News
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Business Foundation for the New Era of Insurance, which outlines why a shift away from legacy operating models and outdated technology is necessary to meet the needs of a rapidly ...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
Swiss Re flags extreme heat as deadliest natural hazard in latest SONAR report
12th June 2025
Swiss Re, a reinsurance company, has issued a warning in its newly published 2025 SONAR report: extreme heat now poses a greater threat to human life than floods, earthquakes, and hurricanes combined. The annual report, which monitors emerging risks affecting insurers and global systems, positions extreme heat as a primary concern ... Read the full article
Stuart Logue named new CFO of Asta Managing Agency
12th June 2025
Asta, a third-party managing agent at Lloyd’s, has appointed Stuart Logue as Chief Financial Officer (CFO) of Asta Managing Agency, subject to regulatory approval. Logue replaces Richard Barke, who is moving to a senior leadership role at Asta’s owner, Davies. Incoming Logue holds more than 30 years of management experience across the ... Read the full article
Just Group completes £150m pensioner buy-in with MGN Pension Scheme
12th June 2025
Just Group has completed a c. £150m pensioner buy-in with the MGN Pension Scheme, sponsored by Reach plc, which provides pensions for former employees of Mirror Group Newspapers. The buy-in, which was completed in November 2024, reportedly insures the benefits of around 1,300 in-payment members, a proportion of the Scheme’s overall ... Read the full article
MGAA partners with market intelligence platform Insurance DataLab
12th June 2025
The Managing General Agents’ Association (MGAA) has partnered with market intelligence platform Insurance DataLab to provide valuable insights to its members and empower the community to make more informed, data-driven decisions. In line with the MGAA’s mission, this strategic collaboration with Insurance DataLab, now a Supplier Member, will significantly enhance the ... Read the full article
Legacy is a long-term business with relationships that go beyond reserves: Swiss Re’s Schilling & Schäfli
12th June 2025
Global reinsurance giant Swiss Re views legacy as a long-term business built on trusted relationships, and while positive steps have been taken to improve the resilience and perception of the market, there’s more work to do, according to Janic Schilling, Head Legacy Origination and Andreas Schäfli, Head of P&C Legacy, ... Read the full article
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