Reinsurance News
Untapped potential of AI in the insurance sector: Genpact
11th June 2025
Despite 69% of insurance companies having adopted AI, only 36% of US customers report improved digital experiences, highlighting the industry’s ongoing challenge to effectively scale AI to enhance customer experience and drive growth, according to a report by Genpact, in collaboration with Amazon Web Services (AWS). The research is based on ... Read the full article
US commercial insurance rates up 5.3% in Q1’25: WTW
11th June 2025
The latest findings of WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), reveals that US commercial insurance rates have continued a downward trajectory compared with the prior two quarters, despite an increase of 5.3% in the first quarter of 2025. CLIPS compares premiums for policies underwritten during the first quarter of 2025 ... Read the full article
Xceedance’s MIS invests in DigsFact to advance AI-powered property inspections
11th June 2025
Millennium Information Services (MIS), a provider of property inspection solutions for the insurance industry, has made a strategic investment in DigsFact, an artificial intelligence (AI) company specialising in real-time virtual inspections and automation, aiming to advance property inspections. MIS was acquired by global technology and digital solutions provider Xceedance late ... Read the full article
Swiss Re Corporate Solutions appoints Adrian Hall as CEO of United States
11th June 2025
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has appointed Adrian Hall as the Chief Executive Officer (CEO) of the United States branch. The firm explained that his leadership marks "a pivotal step in its renewed market unit structure, strengthening the firm's ability to move ... Read the full article
Pool Re selects Clearwater Analytics to modernise investment operations
11th June 2025
Great Britain’s government-backed terrorism reinsurer, Pool Re, has chosen Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to modernise its investment operations, accounting, and risk management infrastructure. After a 2024 tender process, Pool Re, which oversees more than £7.2 billion in assets, has adopted Clearwater’s platform ... Read the full article
Reinsurers may re-evaluate Canadian exposure amid rising wildfire losses: Morningstar DBRS
10th June 2025
With Canada’s 2025 wildfire season poised to become one of the most destructive on record following a historically damaging 2024, reinsurers are likely to re-evaluate their Canadian exposure, according to a recent report by Morningstar DBRS. As of June 2025, Canada’s wildfire season is once again testing the resilience of the ... Read the full article
Arundo Re appoints Raphaël Marin as Non-Life Underwriter & Actuary for LatAm
10th June 2025
Arundo Re, the French reinsurance company, has named Raphaël Marin as Non-Life Underwriter and Actuary for the Latin America (LatAm) market. With over thirteen years of experience in the insurance and reinsurance sectors, he has built a strong professional background working in both France and internationally. His career includes positions at well-known ... Read the full article
Premia’s Alan Gray selected to serve as manager for ECRA and CMC pools
10th June 2025
Alan Gray LLC, in conjunction with its wholly owned subsidiary A.G. Risk Management, Inc., has been appointed under a Pool Manager Agreement to serve as the successor pool manager for the Excess and Casualty Reinsurance Association (ECRA) and Carpenter Management Corporation (CMC) reinsurance pools. The ECRA and CMC reinsurance pools, which ... Read the full article
Arden appoints Tim Henry as COO and Brian Sheekey as CFO
10th June 2025
Arden Insurance Services, a tech-enabled managing general agency (MGA), has announced the appointments of Tim Henry as Chief Operating Officer (COO) and Brian Sheekey as Chief Financial Officer (CFO). Henry brings deep expertise in product management, operational performance improvement, and strategy execution. He joins Arden from Farmers Insurance, where he most recently ... Read the full article
Reminder: Register for the Artemis live webinar on cat bond and ILS market trends at mid-year 2025
10th June 2025
Artemis, our insurance-linked securities (ILS) focused sister publication, is hosting a webinar on June 17th, 2025, at 10am EST in the US (3pm BST UK), in collaboration with Computershare, during which market experts will discuss the state of the catastrophe bond and related ILS sector at mid-year 2025. Read the full article
Vantage appoints James Gunson as Chief Claims Officer of insurance
10th June 2025
Specialty insurer and reinsurer, Vantage Group Holdings Ltd., has appointed James (Jim) Gunson as Chief Claims Officer of insurance operations. In his new role, Gunson will report to Alex Blanco, Chief Executive Officer of Insurance. He will lead Vantage's claims organisation with a focus on innovation, efficiency, and exceptional service. His additional ... Read the full article
Market consolidation in Saudi Arabia’s insurance sector set to intensify: Fitch
10th June 2025
According to Fitch Ratings, a provider of credit ratings, research, and risk analysis, Saudi Arabia’s insurance industry is poised for a period of intensified consolidation over the next two years. This trend is expected to be driven by tightening regulatory capital standards and continued pressure on underwriting margins amid strong price ... Read the full article
Brown & Brown to acquire Risk Strategies & One80 parent, Accession
10th June 2025
Brown & Brown has entered into an agreement to acquire RSC Topco, Inc., the holding company of Accession Risk Management Group, for a gross purchase price of $9.825 billion. For those unaware, established in 1997, Accession is the parent of Risk Strategies, a specialty brokerage firm, and One80 Intermediaries, an insurance ... Read the full article
UnderwriteMe reveals leadership transitions
10th June 2025
UnderwriteMe, the Insurtech company of Pacific Life Re, has announced a number of key leadership appointments, including Scott Hunt as Director of Business Development, North America (NA), which follows the transition of Brett Laker to the role of Vice President, Client Solutions at Pacific Life Re. Laker previously served as ... Read the full article
Aurora launches Lloyd’s-backed Property Owners insurance product
10th June 2025
Aurora, an algorithmic commercial insurance platform, has launched a new Lloyd’s-backed Property Owners insurance product, aiming to enhance how brokers access and place Property risks. The product leverages Aurora’s digital insurance platform and real-time data enrichment to offer comprehensive cover up to £3.5 million, with plans to increase capacity in the ... Read the full article
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