Reinsurance News
Gallagher Re appoints Lisa Duncan as SVP, NA Program Solutions
29th May 2025
Global reinsurance broker Gallagher Re has announced the appointment of Lisa Duncan as Senior Vice President (SVP), NA Program Solutions. Duncan brings more than 16 years of re/insurance experience to her new role. She joins Gallagher Re from BMS Re’s P&C team, where she served as Senior Vice President, BMS Re US. ... Read the full article
June renewals reflect market transitioning from disruption to disciplined recalibration: Howden Re
29th May 2025
Howden's global reinsurance, capital markets, and strategic advisory arm, Howden Re, has noted a continued moderation in property-catastrophe reinsurance pricing at 1 June 2025, while underwriting rigour reportedly persisted, especially in structurally challenged layers. According to a new report from Howden Re, following a selective return of capacity driven by historic ... Read the full article
Hurricane associated risks are driving unexpected challenges: Cotality
29th May 2025
Hurricane associated risks are distorting property markets in locations previously considered stable, not due to direct storm impact, but due to escalating insurance challenges, a recent report by Cotality has revealed. The 2025 Hurricane Risk Report highlights that homeowners in these unexpected areas are dealing with a number of challenges, including ... Read the full article
Aspen appoints Lee Elliston as Chief Operating Officer, Claims & UK
29th May 2025
Aspen Insurance Group, a specialty insurer and reinsurer, has announced the appointment of Lee Elliston as Chief Operating Officer, Claims & UK. Elliston joined Aspen in January 2022 and has served as Chief Operating Officer, Group Claims since January 2023. He will continue in this role while also assuming responsibility for ... Read the full article
UK P&I Club’s free reserves rise to $494m despite challenging policy year
29th May 2025
The UK P&I Club reported continued growth at the end of the 2024/2025 financial year, with a 6.6% investment return increasing the Club’s free reserves to $494 million, despite a challenging policy year for the sector. The rise in free reserves reinforces the Club’s position as one of the strongest members ... Read the full article
Helios posts retained underwriting profit of £31.4m for 2024
29th May 2025
Helios Underwriting has reported preliminary retained underwriting profit of £31.4 million in its 2024 results, which remains relatively flat compared to 2023’s £31.6 million. The company, which offers instant access to a diverse portfolio of syndicates at the specialist Lloyd's re/insurance marketplace, also expects £40 million in underwriting profits to be ... Read the full article
Moody’s improves Generali’s outlook to positive from stable
29th May 2025
Moody’s Ratings has revised the outlook on Assicurazioni Generali S.p.A. (Generali) to positive from stable and affirmed its A3 Insurance Financial Strength Rating (IFSR). The outlooks on Generali’s main operating insurance subsidiaries in Italy, France, and Germany were also revised to positive from stable. Moody’s said the revision follows its recent upgrade ... Read the full article
SanlamAllianz Re’s Synapse 2025 a catalyst for collaboration on Africa’s future
29th May 2025
SanlamAllianz Re’s Synapse 2025 event served as a catalyst for bold dialogue, strategic partnerships, and forward-thinking innovation, reinforcing confidence in Africa’s future, according to the reinsurance provider’s CEO, Ilyes Hassib. More than just a conference, the three-day Synapse 2025 event in Mauritius brought together participants to engage with bold ideas, challenge ... Read the full article
LA wildfires won’t affect reinsurer appetite or growth plans at June 1: Guy Carpenter
29th May 2025
Discussing how the Florida-focused June reinsurance renewals are shaping up, Randy Fuller, Managing Director, Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has suggested the California wildfires in Q1 are not expected to have a meaningful impact on reinsurer appetites or growth plans. During a webinar hosted by AM Best, ... Read the full article
Peter Clarke to succeed Colin Keogh as Hiscox Chair
29th May 2025
International specialist insurer Hiscox has announced the appointment of Peter Clarke as the Group’s new Chair designate, subject to regulatory approval. Clarke is set to take over the Board as Chair designate on June 1, 2025, succeeding Colin Keogh as Chair from July 1, 2025. The executive brings extensive experience from FTSE-listed ... Read the full article
Adam Payne appointed Deputy Head of Digital Underwriting at Atrium
29th May 2025
Atrium, a specialty insurer at Lloyd’s, has promoted Adam Payne to the role of Deputy Head of Digital Underwriting. In this position, he will work in close partnership with Simon Lewis, Head of Digital Underwriting, to enhance Atrium’s digital infrastructure and improve efficiency for brokers and clients alike. Payne will take the ... Read the full article
Asian Re achieves strong growth and credit rating upgrade in 2024: AM Best
29th May 2025
Asian Reinsurance Corporation (Asian Re), a Thailand-based reinsurer providing risk transfer solutions across Asia in Thailand, has shown notable progress in its financial and operational performance during 2024. The company achieved a combined ratio of 84.9%, representing a significant improvement of 15.3% compared to the previous year. Net profit more than doubled, ... Read the full article
Rokstone launches International Casualty Division, names Wylie Portfolio Manager
29th May 2025
Rokstone, the international specialty re/insurance MGA and part of the Aventum Group, is strengthening its global specialty offering with the launch of its International Casualty Division. Sam Wylie has been appointed Portfolio Manager of the new division, a UK-based role, and will be joining the company upon completing his notice period. Wylie ... Read the full article
Moody’s affirms Chinese insurer ratings, but cites trade tension risk
29th May 2025
Moody’s Ratings has affirmed the ratings and maintained negative outlooks on eight Chinese insurers and one related overseas subsidiary, following its affirmation of China’s A1 sovereign rating with a negative outlook. The nine insurers affected are: China Life Insurance Co. Ltd., China Life Insurance (Overseas) Company Ltd., China Life P&C Insurance ... Read the full article
AXA XL Re appoints Petya Ivanova as Head of Property, Intl. Reinsurance
29th May 2025
AXA XL Reinsurance has announced the appointment of Petya Ivanova as Head of Property, International Reinsurance, effective July 1st, 2025. In her new role, Ivanova will oversee the company’s international property portfolio, working closely with clients and the underwriting team. She brings over 25 years of international experience in property and casualty ... Read the full article
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