Reinsurance News
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
Aon appoints Chalisa Maythangkul as Director, Natural Resources
12th June 2025
Global insurance and reinsurance broker Aon has appointed Chalisa Maythangkul as Director of its Natural Resources team in Asia. Maythangkul brings three decades of industry experience. She joins Aon from Howden Maxi / Howden Singapore, where she served as Executive Consultant. Prior to that, she served as Executive Director at Kyoritsu Insurance ... Read the full article
PERILS lowers industry loss estimate for Cyclone Alfred 12% to AUD 2.25bn
12th June 2025
Zurich-domiciled catastrophe insurance data provider PERILS AG has disclosed its second industry loss estimate for Cyclone Alfred to AUD 2.25 billion, a 12% dip from its initial loss estimate of AUD 2.568 billion issued in April 2025, six weeks after the event. Cyclone Alfred affected the Australian states of Queensland ... Read the full article
Compre appoints Rachel Bardon as CUO
12th June 2025
Compre, a Bermuda-domiciled international legacy reinsurance group, has appointed Rachel Bardon to the newly-created role of chief underwriting officer (CUO), effective 1st September 2025. Based in Bermuda, Bardon will join Compre’s executive committee and report to Group CEO Will Bridger. She will also join the board of Compre’s Bermuda-based reinsurer, Pallas ... Read the full article
Howden Re adds Lockton’s John Philipsz as MD, Head of Australia & New Zealand
12th June 2025
Howden Re, the reinsurance and strategic advisory division of global broking group Howden, has appointed John Philipsz as Managing Director (MD), Head of Howden Re Australia and New Zealand, effective July 1st, 2025, reporting to Andy Souter, Head of Asia Pacific, Howden Re International. Philipsz succeeds Stuart Beatty, who after 38 ... Read the full article
Lockton Re appoints Daryl Polenz as Senior Broker
12th June 2025
Lockton Re, the reinsurance arm of independent insurance broker Lockton, has appointed Daryl Polenz as a Senior Broker, based in Kansas City. Polenz has over three decades of extensive experience in the property & casualty (P&C) reinsurance space, of which he spent ten years at industry giant Swiss Re. Most recently, he ... Read the full article
Ryan Specialty Renewables launches to expand global energy insurance capabilities
12th June 2025
Ryan Specialty Underwriting Managers, the specialty underwriting arm of Ryan Specialty, has announced the launch of Ryan Specialty Renewables, a new international business unit that brings together several renewable energy managing general underwriters (MGUs). This includes PERse Americas, PERse International, newly established Ryan Specialty ventures, and Albus, which joined the company ... Read the full article
Impact of Section 899 of US Tax Bill to be ‘relatively manageable’ for re/insurers: Berenberg
11th June 2025
The main risk of Section 899 of the US Tax Bill for European insurers and reinsurers relates to a tax on dividends from their US subsidiaries, however, the impact on earnings is expected to be relatively manageable, according to Berenberg. Section 899 of the US Tax Bill, passed by Congress on ... Read the full article
Hayden Smith promoted to Regional CEO of United Risk
11th June 2025
United Risk, a global property and casualty insurance underwriting and distribution platform, has promoted Hayden Smith to Regional CEO. In this role, Smith will oversee the company’s EU, UK, and British Commonwealth business, managing further expansion in these regions and other emerging markets. He will be based in the company’s London ... Read the full article
Fidelis mulls appeal after High Court sides with lessors in Russian aviation case
11th June 2025
Following a recent ruling by the English High Court in favour of aircraft lessors for the 2021 and 2022 underwriting years, a key development in the ongoing Russia-Ukraine aviation litigation, Fidelis Insurance Group has announced it is “reviewing all options”, including the possibility of an appeal. Readers may recall that ... Read the full article
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