Reinsurance News
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
Markel partners with Insurate to enter middle-market workers comp. sector
6th June 2025
Markel Insurance, the insurance arm of Markel Group Inc., has entered into a strategic collaboration with Insurate, an insurtech specialising in the middle-market workers' compensation sector. Markel explained that, after careful market analysis and due diligence, it identified Insurate as the right market entry partner, recognising its combination of deep industry ... Read the full article
PERILS places final industry loss from southern Germany floods at €1.564bn
6th June 2025
Zurich-based catastrophe insurance data provider PERILS has released its fourth and final industry loss estimate for the floods that struck southern Germany between 31 May and 6 June 2024, placing the insured market loss at €1.564 billion. The final figure is reportedly composed of personal lines property losses, which represent 63% ... Read the full article
Chubb appoints Doug White as SVP Asia Pacific
6th June 2025
Global insurer Chubb has announced the appointment of Doug White as Senior Vice President (SVP), Asia Pacific. White brings over 30 years of industry experience, including more than 25 years based in the Asia-Pacific region. He joined Chubb in 2014 as Country President for Hong Kong, Taiwan, and Macau, and has served ... Read the full article
Meghani to succeed Sheppard as Head of Property Treaty & Retrocession, OdysseyRe London
6th June 2025
Nisha Meghani has been appointed Head of Property Treaty & Retrocession for OdysseyRe London. The appointment of Maghani follows the recent announcement of Matthew Sheppard's elevation to the position of Deputy Chief Underwriting Officer at OdysseyRe’s London branch. Meghani succeeds Sheppard in her new position, continuing the firm’s strategy of strengthening ... Read the full article
HIVE expands into space insurance with Kenneally appointment
6th June 2025
Independent specialty managing general agent (MGA) HIVE Underwriters has expanded into space insurance with the appointment of leading underwriter, Jack Kenneally, as Class Underwriter. This move complements HIVE’s existing aviation offering, signalling a significant phase in the MGA’s growth strategy. Kenneally has been part of London market’s most respected space insurance portfolios, ... Read the full article
Blink Parametric names Brian Barter as Chief Executive Officer
6th June 2025
Insurtech Blink Parametric has announced the appointment of Brian Barter as Chief Executive Officer with immediate effect, succeeding Sid Mouncey, who will remain with the company as Chief Commercial Officer. In his new role, Barter has been tasked with accelerating Blink’s strategy to drive the company’s growth. This move underscores the ... Read the full article
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