Reinsurance News
Amynta Risk Solutions appoints Alan Wiederhold as President of A&H
11th June 2025
Amynta Risk Solutions has announced the appointment of Alan Wiederhold as President of Accident & Health (A&H). In this role, Wiederhold will be responsible for expanding Amynta Risk Solutions’ product offerings and strengthening its value proposition for the company’s clients and broker partners. With over 30 years of healthcare leadership experience, Wiederhold ... Read the full article
Verisk strengthens PCS leadership with strategic appointment and new structure
11th June 2025
Verisk, a data analytics and technology provider to the insurance and energy industries, has announced a refreshed leadership structure for its Property Claims Services (PCS) unit. This initiative is aimed at strengthening PCS’s support for the re/insurance market and expanding its ability to respond to both natural and specialty catastrophe events. As ... Read the full article
SCOR unveils NatReCo Initiative to drive nature-positive re/insurance solutions
11th June 2025
SCOR has launched the NatReCo Initiative to offer clients re/insurance solutions supporting nature-positive projects that address societal challenges such as climate change, health and wellbeing, food and water security, sustainable agriculture, and natural catastrophe risk. The French reinsurer suggested that it strives to optimise its impact on nature and people by ... Read the full article
Mercury appoints Bennett to lead new climate science team
11th June 2025
Mercury Insurance, a provider of property and casualty insurance, has appointed Steve Bennett as its Senior Director of Climate and Catastrophe Science, where he will build and lead a team dedicated to helping identify ways Mercury and its policyholders can better prepare for increasingly severe climate-driven weather events. Bennett joins Mercury ... Read the full article
European demand for aggregate covers resurges as insurers seek frequency protection: Gallagher Re’s Dowlen
11th June 2025
European cedants are showing renewed interest in aggregate catastrophe reinsurance coverage, as elevated retentions and heightened sensitivity to the potential impact of an increased frequency of events put pressure on underwriting earnings, according to Hamish Dowlen, Managing Director and Head of EMEA at Gallagher Re. Speaking to Reinsurance News, Dowlen noted that ... Read the full article
European MGA market growth is outpacing US and global benchmarks: Howden Re
11th June 2025
In a new report, Howden Re reveals that the European Managing General Agent (MGA) ecosystem is growing at a five-year compound annual growth rate (CAGR) of approximately 23%, outpacing both US and global benchmarks. There are over 650 MGAs across Europe with approximately €18 billion in gross written premiums in 2024 ... Read the full article
Ategrity Specialty Insurance IPO to raise $113.3m
11th June 2025
Ategrity Specialty Insurance Company Holdings, formerly known as Ategrity Specialty Holdings LLC, launched its initial public offering (IPO) of 6,666,667 shares earlier this month and has now confirmed the offering pricing at $17 per share, which is above the previous range of $14 to $16 per share. It is estimated ... Read the full article
Wajahat Khawaja appointed Head of Governance and Controls at MNK Group
11th June 2025
Wajahat Khawaja has taken on the role of Head of Governance and Controls at MNK Group, an independent organisation operating across various sectors of the insurance industry. Bringing over three decades of experience, including extensive work internationally, Khawaja has contributed to the development of governance frameworks and control mechanisms for leading ... Read the full article
Samsung Fire & Marine ups stake in Canopius with new $570m investment
11th June 2025
Samsung Fire & Marine Insurance (SFMI) has lifted its stake in specialty and P&C re/insurer Canopius following the signing of an additional equity investment contract worth $570 million. This additional 21% stake has been purchased from existing shareholders Fidentia Fortuna Holdings, which is led by the U.S. private equity firm Centerbridge ... Read the full article
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
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