Reinsurance News
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
Slide Insurance expects to raise up to $340m from IPO
9th June 2025
Slide Insurance Holdings, Inc., the technology-enabled insurer, has launched its initial public offering (IPO) of 20,000,000 shares of its common stock, in a registration statement on Form S-1 with the Securities and Exchange Commission (SEC). Slide currently expects the IPO to be priced between $15 and $17 per share, which would ... Read the full article
Mereo Advisors Group announces new name: Cedar Trace
9th June 2025
Mereo Advisors Group, a Bermuda-based firm specialising in insurance, reinsurance, and asset management, has announced it will now operate under the new name Cedar Trace. The change is limited to branding. The company’s leadership, operations, and strategic direction remain unchanged. Cedar Trace continues its close relationship with Mereo Insurance Limited, the Bermuda ... Read the full article
RenRe makes senior promotions across U.S. & underwriting teams
9th June 2025
RenaissanceRe has announced a series of senior promotions across its U.S. operations and global underwriting teams. RJ Shea has been named President of Renaissance Reinsurance U.S. Inc., following a two-year tenure as Senior Vice President and Global Head of Credit. In his new role, Shea will reportedly lead U.S. underwriting operations, foster ... Read the full article
Increasing severe weather spurs demand for parametric insurance: Swiss Re Corporate Solutions’ Megan Linkin
9th June 2025
In a Reinsurance News interview, Megan Linkin, Expert Structurer at Swiss Re Corporate Solutions, the global reinsurer's commercial insurance arm, discussed the growing demand for parametric insurance amid an uptick in severe weather events and subsequent losses. The surge in interest, she says, is tied directly to the increasing frequency and ... Read the full article
Short to lead digital underwriting solutions across Arch’s international platform
9th June 2025
Arch Insurance International has announced the promotion of Ed Short as Head of Digital, effective immediately. In his new role, Short will lead the execution of Arch’s digital underwriting strategy. This involves ensuring a cohesive approach across the London Market, UK Regional, Australia, EU, and Bermuda platforms. Collaborating closely with underwriting teams, ... Read the full article
CEA’s risk transfer tower expands to $7.8bn following April reinsurance renewal
9th June 2025
As of April 2025, the California Earthquake Authority’s (CEA) risk transfer tower has grown to approximately $7.8 billion in total in-force coverage, following the successful renewal of additional reinsurance protection. According to the CEA’s latest disclosure, the organisation renewed $1.2 billion in reinsurance limit during the April renewal cycle. This brought its ... Read the full article
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
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