Reinsurance News
Westfield Specialty International appoints Amerjit Grewal as Chief Actuary
5th June 2025
Westfield Specialty International, the London-based specialty insurance arm of Westfield, has announced the appointment of Amerjit Grewal as Chief Actuary. Based in London, Grewal will report directly to Graham Evans, EVP, Head of International Insurance. She brings nearly 15 years of actuarial experience to the role. Grewal joins Westfield Specialty International from ... Read the full article
Ethos Specialty expands NA Transactional Risk capacity with Starr partnership
5th June 2025
Ethos Specialty, a Bishop Street company, has announced the expansion of its North American Transactional Risk capacity through a new partnership with Starr, a global insurance and investment organisation. In a challenging Transnational Risk market, Ethos Specialty continues to deliver best-in-class solutions, the firm stated. The addition of Starr to its ... Read the full article
Aon names Rupert Poland as Head of EMEA Digital Asset practice
5th June 2025
Aon, the global insurance and reinsurance broker, has appointed Rupert Poland as Head of Europe, the Middle East and Asia (EMEA) Digital Asset practice Poland will be based in London and report to Tom Davis, Aon's Executive Director, EMEA Financial Services Group. In his new role, Poland will work with teams to ... Read the full article
bolttech closes $147m Series C funding round with two new strategic investors
5th June 2025
Global insurtech bolttech has announced the addition of strategic investors Sumitomo Corporation and Iberis Capital as it successfully closes its Series C funding round, with total investments of $147 million, reflecting a company valuation of $2.1 billion. Sumitomo Corporation is one of Japan’s largest trading houses, while Iberis Capital is a ... Read the full article
Guy Carpenter strengthens leadership with three senior hires
5th June 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has appointed Mark Maritzen as Senior Client Executive, Damini Mago as North American Head of Cyber ILS, and Martha Jacobs as Healthcare Segment Leader and Branch Manager. Based in New York, Maritzen will serve as a Senior Client Executive for the C-suite ... Read the full article
MGAs’ premiums increased 15% to $89.9bn in 2024: AM Best
5th June 2025
Premiums generated through managing general agents (MGAs) and other delegated underwriting authority enterprises (DUAEs) reached $89.9 billion in 2024, a 15% year-over-year increase and the fourth consecutive year of double-digit growth, according to a recent AM Best report. The report noted that the number of MGAs producing $500 million or more ... Read the full article
Rokstone expands into Asia Pacific with new marine insurance lead
5th June 2025
Rokstone, the international specialty re/insurance Managing General Agent (MGA) and part of the Aventum Group, has announced the appointment of Rama Chandran to lead its business in the Asia Pacific region. Chandran will join the company following the completion of his notice period at QBE International, where he currently holds the ... Read the full article
Ageas Re in €500m+ quota share with Triglav linked to Prima distributed motor business
5th June 2025
Ageas Re, the reinsurance division of international insurance group Ageas, has completed a reinsurance agreement with Slovenian insurer Triglav Group in connection with the motor insurance business distributed by Italian Insurtech Prima. This partnership is linked with Triglav Group’s collaboration with Italian direct Motor insurance distributor, Prima Assicurazioni S.p.A., with the ... Read the full article
New Zealand’s NHC secures $10.3bn of reinsurance protection at June 1
5th June 2025
Natural Hazards Commission Toka Tū Ake (NHC) has secured $10.3 billion of reinsurance protection for New Zealand at 1 June 2025 to help protect homeowners from the impact of natural hazards. The $10.3 billion figure marks an increase of $1.15 billion from June 2024's total reinsurance cover. It also includes $225 ... Read the full article
Resolution Life closes $1bn block reinsurance transaction in Hong Kong
5th June 2025
Global life insurance group Resolution Life has closed a $1 billion block reinsurance transaction with a leading life insurer in Hong Kong, its first transaction in the region. This reinsurance transaction covers an in-force portfolio of participating whole life and annuity policies. It also transfers materially all risks associated with the guaranteed ... Read the full article
Price Forbes Re appoints Isaac Sanday as Global Head of Life, Pensions & Annuities
5th June 2025
Price Forbes Re, an independent reinsurance broker, has entered the life, pensions and annuities space with the appointment of Isaac Sanday to the newly created role of Global Head of Life, Pensions & Annuities. Based in London, Sanday will report to Roger Smith, Head of Accident, Health and Life. In his new ... Read the full article
Aspen sees net income dip in Q1’25 as CoR deteriorates to 96.1%
5th June 2025
Aspen Insurance has reported a net income of $36.8 million in Q1 2025, down from $111.8 million in the same period of 2024, as its combined ratio increased to 96.1%. The firm reported growth in both gross and net written premiums in Q1 2025, which rose to $1.28 billion and $751.7 ... Read the full article
Arch Insurance International names Tim Chapman Head of Construction
5th June 2025
Arch Insurance International has announced the appointment of Tim Chapman as Head of Construction, a newly created leadership position, effective immediately. In this role, Chapman will be responsible for shaping and expanding Arch’s global construction portfolio. His remit includes growing the company’s open-market proposition and providing insurance solutions for large-scale and technically ... Read the full article
RGA enters into coinsurance transaction with Anshin Life
5th June 2025
Global life and health reinsurer, Reinsurance Group of America (RGA), has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings, to reinsure a block of whole life policies through coinsurance. The new collaboration builds on a successful ... Read the full article
Younger generation says buying insurance should be simpler: Insurance Europe
5th June 2025
Young people believe that access to insurance must become simpler, more digital, and user-friendly to meet their distinct needs, according to a recent survey by Insurance Europe in partnership with the European Youth Parliament (EYP). The survey gathered responses from 651 young people across 33 European countries. While respondents said they ... Read the full article
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