Reinsurance News
Brown succeeds Batchelor as CUO for Business Insurance at Travelers Europe
9th June 2025
Travelers Europe, a division of The Travelers Companies Inc., has announced the appointment of Andy Brown as its Chief Underwriting Officer for Business Insurance. Brown is taking over the role from Heather Batchelor, who is retiring following over three decades at Travelers Europe. In his new role, the executive will be responsible ... Read the full article
Chubb promotes James Brown to Head of Major Accounts, Asia
9th June 2025
Global insurer Chubb has announced the promotion of James Brown to Head of Major Accounts for Asia, in addition to his current position as Head of Global Broking, Asia. In his expanded role, Brown will be responsible for managing and growing Chubb’s Major Accounts division while ensuring exceptional service for the ... Read the full article
Africa Specialty Risks introduces new digital underwriting platform for brokers
9th June 2025
Africa Specialty Risks (ASR), a re/insurance group focused on high-growth markets, has launched ASR 24-7, a digital underwriting platform designed to simplify and accelerate broker access to its products and services. Exclusively available to authorised brokers, ASR 24-7 offers real-time quotes, binding authority, and end-to-end policy management tools. The platform is fully ... Read the full article
Sucheng Chang to lead Markel International’s APAC operations
9th June 2025
Sucheng Chang has been appointed to head up Markel International's Asia Pacific business, which operates from its regional hub in Singapore and offices in Australia, Hong Kong, China, India, Malaysia and Dubai. Effective from 14 July, Chang will take over from Christian Stobbs, who announced earlier this year his decision to ... Read the full article
Howden expands reinsurance footprint with acquisition of Peruvian broker Innova Re
9th June 2025
Howden, the global insurance and reinsurance broking group, has strengthened its position in the Peruvian market with the acquisition of Innova Re, a Lima headquartered independent reinsurance broker. The acquisition provides Howden Re, the group's reinsurance arm, with a new presence in Peru, and aligns with its strategic vision of international ... Read the full article
Pacific Life Re boosts growth & innovation agenda with several appointments
9th June 2025
Pacific Life Re has revealed a series of strategic leadership appointments to strengthen its global growth and innovation agenda, including the naming of Andrew Murphy as managing director of the newly established Capital Solutions line of business. Murphy, who has reportedly managed the Europe and North American protection teams for the ... Read the full article
AF Group announces CFO appointment and other executive promotions
9th June 2025
Insurer AF Group has announced the promotion of Patrick Stewart to Chief Financial Officer (CFO), Olivia Rogers to Vice President and Chief Risk Officer, and Jason Foreman to Vice President, Binding in the Specialty Lines division. These promotions, AF Group highlighted, reflect the strong leadership that continues to drive the success ... Read the full article
UK retains lead for financial services investment in Europe in 2024 despite decline: EY
9th June 2025
The UK continues to be Europe’s most attractive location for foreign direct investment (FDI) into financial services, recording 73 projects in 2024—despite this representing a 32% decline from 108 in 2023, according to a recent EY survey. Germany ranked second with 32 financial services projects (a 16% annual decrease), followed by ... Read the full article
Robert E. Falvey retires as Falvey Insurance’s General Counsel
9th June 2025
Robert E. Falvey has retired as General Counsel of maritime risks insurer Falvey Insurance Group, after 26 years of service. As he steps back from this role and day-to-day responsibilities, Falvey will continue to guide the company as a senior advisor and member of the Board of Directors. He has been instrumental ... Read the full article
Transamerica Life Bermuda to establish in Dubai following DFSA licence approval
6th June 2025
Transamerica Life Bermuda, a global high-net-worth (HNW) life insurer, is expanding its international presence with the establishment of a new base in the Dubai International Financial Centre (DIFC). This strategic move follows the successful acquisition of a licence from the Dubai Financial Services Authority (DFSA), a global financial centre in the ... Read the full article
VIG Re appoints Swiss Re’s Milan Padych as CIO
6th June 2025
VIG Re, the reinsurance arm of Vienna Insurance Group, has announced the appointment of Milan Padych as Chief Information Officer (CIO). Padych joins VIG Re from Swiss Re, where he served as Head of Information Technology, overseeing the development and operations of a fully digital, in-house-built insurance backend SaaS platform, ensuring ... Read the full article
ABI names Chris Bose Director of General Insurance & International
6th June 2025
The Association of British Insurers (ABI), the trade body representing the UK’s insurance and long-term savings industry, has announced the appointment of Chris Bose as Director of General Insurance & International, effective August 11, 2025. Bose, an experienced public policy practitioner with extensive expertise in financial services, is joining ABI from ... Read the full article
W/R/B Underwriting becomes Berkley Specialty London in major rebrand
6th June 2025
W/R/B Underwriting, a specialty insurance provider, has officially rebranded to Berkley Specialty London, a move that reflects a deeper alignment with the globally recognised Berkley brand. The transition to Berkley Specialty London underscores the firm’s ongoing commitment to providing exceptional underwriting and claims handling expertise, ensuring long term stability, and service ... Read the full article
Reinsurance industry ‘better protected than ever’ for hurricane season: JP Morgan
6th June 2025
The global reinsurance industry is better protected than ever against large hurricane losses, according to JP Morgan’s recent Love Actuary report. According to analysts, a robust capital base, increased market capitalisations of the largest reinsurers, and improved profitability mean that an event the size of Hurricane Katrina would have a far ... Read the full article
AM Best maintains stable outlook on South Korea’s non-life insurance market
6th June 2025
Credit rating agency AM Best has maintained its stable outlook on South Korea’s non-life insurance segment, citing continued improvement of the country’s domestic solvency standards, which have helped strengthen insurers’ capital management practices. Additional factors include moderate growth in the long-term and general insurance segments, and efforts to improve profitability in ... 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.
