Reinsurance News
PIC concludes £36m buy-in with Helaba Pension and Life Assurance Plan
12th August 2025
Pension Insurance Corporation, a specialist insurer of defined benefit pension schemes, has concluded a £36 million buy-in with the Helaba (London) Pension and Life Assurance Plan, covering the pensions of all 156 members. Helaba Group is a commercial bank, central bank and partner to the German Sparkassen, as well as a ... Read the full article
TransRe collaborates with Cytora to enhance facultative risk processing efficiency
12th August 2025
TransRe, a reinsurance company specialising in facultative reinsurance solutions, has partnered with Cytora, a technology firm known for its digital risk processing platform, to implement Concierge, Cytora’s AI-driven service, across its worldwide facultative operations. The integration is expected to help TransRe manage higher volumes of facultative submissions more effectively, lower operational ... Read the full article
Pacific Life Re appoints new leaders in Asia to strengthen regional partnerships
12th August 2025
Life and health reinsurer Pacific Life Re has appointed Wallace Ong to the newly created role of Head of Business Proposition and Enablement, Protection, Asia, while Spenser Chen succeeds him as Head of South East Asia (SEA), Protection, Asia. The two new appointments reinforce the reinsurer's focus on strengthening client partnerships ... Read the full article
Hannover Re posts 13% rise in net income as Group revenue hits €13.3bn in H1’25
12th August 2025
European reinsurer Hannover Re has reported a 3.3% rise in gross reinsurance revenue to €13.3 billion for the first half of 2025, with solid revenue growth in property and casualty (P&C) more than offsetting a slight contraction in life and health (L&H), despite high catastrophe losses in the period. Group-wide, Hannover ... Read the full article
Send names Laura Wathen as Chief Financial Officer to support global growth
12th August 2025
Send Technology Solutions Ltd (Send), a provider in the insurtech space, has named Laura Wathen as its Chief Financial Officer (CFO) as the company prepares for its next stage of global growth. Wathen previously held the CFO role at fintech platform Funding Xchange, where she played a central role in securing ... Read the full article
Chubb promotes Steve Haney to President and CUO of Global Surety
12th August 2025
Global insurer Chubb has announced the promotion of Steve Haney to President and Chief Underwriting Officer (CUO) of Global Surety. In this role, Haney will have executive operating responsibility for strategy, underwriting, and profit and loss (P&L) across Chubb's Global Surety business. He will report to Juan Luis Ortega, Executive Vice President, ... Read the full article
Cyber incidents in APAC up 29% in 2024: Aon
12th August 2025
According to findings from Aon's 2025 Cyber Risk Report, cyber incidents in the Asia Pacific (APAC) region in 2024 rose by 29% year-over-year, and have increased by 134% since 2020. The insurance and reinsurance broker's report reveals that, in 2024, cyber insurance claims notifications increased by 22% across APAC, and due ... Read the full article
Majority of MGAs believe the claims process with carriers needs improvement
11th August 2025
Over three-quarters (77%) of MGAs say the claims process with carriers needs improvement, up from 59% in 2023, with 91% of carriers sharing this view, according to the MGA Opinion Report by Clyde & Co in collaboration with the MGAA. The report highlighted the complex landscape the MGA sector faces, shaped ... Read the full article
BHSI appoints Franco Masciovecchio as Country Manager for Switzerland
11th August 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, professional, and cyber insurance solutions, has appointed Franco Masciovecchio as its new Country Manager for Switzerland. Masciovecchio brings over 30 years of extensive experience in the insurance industry, having held multiple senior leadership positions. Prior to joining BHSI, he was the ... Read the full article
Lancashire announces key senior management changes as Spence and Johnston depart
11th August 2025
Insurer and reinsurer Lancashire Holdings Limited has announced a number of senior management changes at Lancashire Syndicates Limited and Lancashire Insurance Company Limited, as well as additional senior underwriting appointments. John Spence, CEO of Lancashire Syndicates Limited, and Hayley Johnston, CEO of Lancashire Insurance Company Limited, will both be retiring from ... Read the full article
Nicholas Carbo to lead WTW ICT business as Senior Director
11th August 2025
WTW, an insurance and reinsurance broking group, has announced the appointment of Nicholas Carbo as Senior Director to its Insurance Consulting & Technology (ICT) business, a Florida-based role. In his new position, Carbo will be responsible for supporting clients with annuity product development and pricing, modelling, assumption development, reinsurance and mergers ... Read the full article
Howden completes $4.1bn debt repricing at tight levels
11th August 2025
Howden Group, a UK-headquartered insurance broker and reinsurance intermediary, has completed a repricing of its US$3.1bn Term Loan B due 2031 and its £765m Revolving Credit Facility (RCF). The changes, finalised on 8 August, cut the Term Loan B margin by 25 basis points to 275bps over SOFR (Secured Overnight Financing ... Read the full article
ISS Sustainability Solutions acquires Sust Global to expand geospatial risk capabilities
11th August 2025
ISS Sustainability Solutions, the sustainable investment division of ISS STOXX, has acquired Sust Global, a provider of geospatial risk modelling and analytics. The move aims to enhance ISS Sustainability Solutions’ ability to offer institutional clients tools to assess asset-level risks tied to climate and environmental factors. Sust Global, founded in 2020, uses ... Read the full article
Swiss Re’s Li joins NormanMax Insurance Solutions to lead Climate & Alternative Risk
11th August 2025
Yong Li has joined NormanMax Insurance Solutions, a Lloyd’s coverholder and parametric re/insurance solutions provider, as President, Climate & Alternative Risk Solutions. With over two decades of experience, Li is a seasoned expert in commodity trading and investment. His background includes asset optimisation, risk management and business development across a wide ... Read the full article
Uzbekistan launches national reinsurer in strategic move to strengthen insurance market: S&P
11th August 2025
Uzbekistan is preparing to launch its first national reinsurance company, the Reinsurance Company of Uzbekistan (RCU), in a move that international credit rating agency S&P Global Ratings describes as strategically important but highly dependent on strong capitalisation and effective execution. The initiative, intended to increase local risk retention and improve the ... Read the full article
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