Reinsurance News
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
Arch Insurance International names Holley Higgins as Head of Ports & Terminals
10th June 2025
Arch Insurance International, a division of Bermuda-domiciled re/insurer Arch Capital Group, has appointed Holley Higgins to the newly created role of Head of Ports & Terminals. In her new role, Higgins will be responsible for developing Arch’s ports and terminals insurance portfolio, underwriting global risks on both a first-party property damage ... Read the full article
B.P. Marsh’s Net Asset Value climbs 42.4% to £326.4m in latest results
10th June 2025
B.P. Marsh & Partners has announced a £97.2 million increase in its Net Asset Value, reaching £326.4 million for the year ended 31 January 2025, a 42.4% rise compared to the previous year. Meanwhile, the firm has reported a consolidated profit before tax of £104.7 million for the year ended 31 ... Read the full article
Beazley appoints Stefan Wunderlich as Head of Parametric Insurance
10th June 2025
Specialist insurer Beazley has announced the appointment of Stefan Wunderlich as Head of Parametric Insurance, effective 10th June 2025. Based in Zurich, Switzerland, Wunderlich will report to Richard Montminy, Group Head of Property Risks at Beazley. Wunderlich brings 20 years of experience from Swiss Re, where he specialised in modelling and underwriting ... Read the full article
American Integrity’s GPW up 44% in Q1’25
10th June 2025
Tampa, Florida-headquartered property insurer, American Integrity Insurance, has reported a 43.9% increase in gross premiums written (GPW) in the first quarter of 2025 (Q1’25) to $212.2 million from $147.5 million in Q1’24. Meanwhile, gross premiums earned for Q1’25 increased by 33.9% to $210.2 million from $156.9 million a year earlier, and ... Read the full article
Indonesia explores relaxing regulations to allow reinsurers to establish domestic branches
10th June 2025
In a press conference covered by the Jakarta Globe, Indonesia’s Financial Services Authority (OJK) confirmed that the country is planning to explore relaxing regulations to promote multinational reinsurance companies to open branches in Indonesia. This follows response to a widening deficit in the country’s reinsurance balance of payments. Indonesia recorded a ... Read the full article
Canopius names Tom Losquadro VP of Underwriting for National Hull & Liability US
10th June 2025
Canopius Group, a specialty and property & casualty insurer and reinsurer, has announced the appointment of Tom Losquadro as Vice President (VP) of Underwriting for National Hull & Liability in the United States. Losquadro joined the firm on May 19, 2025, and will report to Neetu Varghese, Head of Marine US. With ... Read the full article
Britam acquired 30% stake in Continental Re in 2024 to diversify earnings
10th June 2025
Britam Holdings has acquired a 30% stake in Continental Reinsurance Company (Kenya) Limited (Continental Re) for Sh763.78 million in the financial year ended December 2024, representing a strategic move to diversify its revenue streams. The stake was acquired through Britam Life Assurance Company (Kenya) Limited’s investment in unquoted equity funds related ... Read the full article
US P/C insurers hit by $1.1bn underwriting loss in Q1’25 primarily due to LA wildfires: AM Best
9th June 2025
According to credit rating agency AM Best, the US property and casualty (P/C) insurance industry recorded a $1.1 billion net underwriting loss in the first quarter of 2025—a significant decline from the $9.4 billion gain reported during the same period in 2024. The drop was primarily driven by elevated losses from ... Read the full article
Aon seeing strong and growing demand across treaty and fac reinsurance: Andy Marcell
9th June 2025
At Aon’s Investor Day 2025, Andy Marcell, CEO of Global Solutions, said that reinsurance continues to see strong demand, driven by climate change and social inflation in the US casualty market, adding that he expects Aon to sustain mid-single-digit growth or higher in its Reinsurance Solutions business across regions. Marcell outlined ... Read the full article
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