Reinsurance News
Intact Insurance Specialty names Aaron Belair as President of Technology, NA
23rd May 2025
Intact Insurance Specialty Solutions, the US insurance subsidiary of Intact Financial Corporation, has appointed Aaron Belair as its new President of Technology, North America (NA), based in San Francisco. In the role, he will focus on strengthening broker relationships, delivering tailored solutions, fostering a culture that attracts talent, and accelerating Intact's ... Read the full article
UIB appoints Sean Scales as Associate Director in Marine Division
23rd May 2025
Insurance and reinsurance Lloyd’s broker, United Insurance Brokers Ltd (UIBL), has announced the appointment of Sean Scales as Associate Director within its Marine Division. In his new role, Scales will focus on North American cargo and stock throughput business, driving new business and supporting the continued growth of UIBL’s Marine Division. Scales ... Read the full article
Property cat rates expected to fall ~10% at June 1 but market dynamics still favourable: KBW
22nd May 2025
KBW, an investment bank focused on insurance and reinsurance markets, has provided a detailed outlook on the upcoming June 1, 2025, reinsurance renewals, along with projections for the January 1, 2026 renewal season. According to KBW’s recent discussions with top industry executives during their Bermuda tour, property catastrophe excess-of-loss reinsurance rates ... Read the full article
Insurance investment outsourcing hits $4.5trn, private markets see more interest: Clearwater Analytics
22nd May 2025
In its latest report, Clearwater Analytics has disclosed that unaffiliated general account insurance assets under management (AUM) grew 24% year-over-year to a huge $4.5 trillion. The report, produced in partnership with DCS Financial Consulting and titled, “2025 Insurance Investment Outsourcing Report (IIOR),” also shows private market assets AUM grew by 34% ... Read the full article
Protecdiv adds David Castillo as EVP, Head of Construction and Surety Solutions
22nd May 2025
Insurance and reinsurance broker Protecdiv has appointed David Castillo to the newly created role of Executive Vice President (EVP) and National Construction Practice Leader. In the role, Castillo will lead the strategic growth and development of the broker’s construction and surety business. The appointment aligns with Protecdiv’s larger plans to expand its ... Read the full article
Hiscox targets double-digit Retail premium growth by 2028
22nd May 2025
During its Capital Markets Day, specialist insurer Hiscox outlined its strategy to deliver attractive and sustainable returns for shareholders, stating that its ambition for the Retail segment is to accelerate premium growth to double digits by 2028 by continuing to gain market share across its sizeable serviceable addressable markets. The Capital ... Read the full article
AM Best warns NOAA disaster data cutoff could hinder insurers’ response to secondary perils
22nd May 2025
AM Best, the credit rating agency, has issued a cautionary statement regarding the US National Oceanic and Atmospheric Administration’s (NOAA) decision to cease updates to its billion-dollar weather disaster database, warning that this move could significantly impair insurers’ ability to monitor and respond to escalating secondary peril losses. The NOAA database, ... Read the full article
Ethena backed OnRe launches structured yield product
22nd May 2025
Regulated on-chain reinsurance company, Nayms, which has rebranded as OnRe, has launched ONe, an accumulating token for LPs, which currently offers projected returns of up to 36.5%, consisting of reinsurance performance, collateral yield, and token incentives, backed by deep expertise and full regulatory approval. OnRe aims to access yield from the ... Read the full article
GFIA urges IAIS to address the growing global pension protection gap
22nd May 2025
On 22 May 2025, the Global Federation of Insurance Associations (GFIA), which represents the interests of insurers and reinsurers worldwide, called on the International Association of Insurance Supervisors (IAIS), the global standard-setting body for insurance regulation and supervision, to prioritise tackling the expanding global pension protection gap. In a letter addressed ... Read the full article
Davies £275m in new senior credit facilities to help accelerate growth strategy
22nd May 2025
Davies, a professional services and technology specialist serving the insurance market, has secured new credit facilities of £275 million ($370 million), from its existing lead lender Blackstone, to support the company’s growth. The new senior facilities will provide financing to support the firm’s global M&A strategy, investment in GenAI and automation, ... Read the full article
Fidelis appoints Hannah Greenwood as CUO for Bermuda
22nd May 2025
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited has announced the appointment of Hannah Greenwood as Chief Underwriting Officer (CUO) for Bermuda. In her new role, Greenwood will oversee Fidelis Insurance Bermuda’s underwriting strategy, enhance risk management practices, and drive innovation across the Bermuda operations. She brings over a decade of insurance ... Read the full article
Jim Lye named Head of Everest Global Markets
22nd May 2025
Global insurer and reinsurer Everest has announced the appointment of Jim Lye as Head of Everest Global Markets (EGM), its London-based wholesale division. Lye joins from Antares Managing Agency Limited, where he spent 12 years in roles including Energy Underwriter, Head of Energy & Terrorism, and most recently, Active Underwriter. Prior to ... Read the full article
BMS Group acquires Turkish re/insurance broking firm Oria
22nd May 2025
BMS Group, an independent global insurance and reinsurance broker, has expanded its presence in the Turkish market with the acquisition of Istanbul-based Oria Sigorta ve Reasürans Brokerliği A.Ş. Owned and Chaired by Cenk Erden, Oria is an independent re/insurance broking firm with an established strong presence in the local business environment. Since ... Read the full article
Descartes Underwriting strengthens leadership with key senior hires to support growth
22nd May 2025
Descartes Underwriting, a provider of corporate parametric insurance solutions specialising in climate, cyber, and emerging risks, has revealed two important senior appointments aimed at strengthening its operations and claims functions. These new roles are designed to enhance service for brokers and clients by boosting efficiency and quality during a phase of ... Read the full article
Political risk insurance demand up amid geopolitical and economic uncertainty: Howden
22nd May 2025
Demand for political risk insurance has gone up by 33% due to considerable uncertainty around the geopolitical and macroeconomic environment, a new Howden report has revealed. The ‘Opportunity in flux’ highlights how increased geopolitical rivalries, policy uncertainty and competition for critical minerals are reshaping the risk landscape as well as driving ... Read the full article
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