Reinsurance News
Reinsurers’ PMLs hold steady for US and European wind risks at Jan 1: Moody’s
4th June 2025
Reinsurers’ Probable Maximum Loss (PMLs) exposures as a percentage of equity capital remained broadly stable year-over-year at January 1 for U.S. wind, U.S. earthquake, and European wind, according to a new report from Moody's. In contrast, exposures declined for Japanese wind and earthquake, driven by growth in sector-wide shareholders’ equity. For those ... Read the full article
Latarche rejoins Verisk Specialty Business Solutions as Chief Digital Officer
4th June 2025
Paul Latarche has been appointed Chief Digital Officer of Verisk Specialty Business Solutions, a leading insurance and reinsurance software specialist in the global re/insurance markets. In his new role, Latarche will lead Verisk Specialty Business Solutions’ digital growth strategy in the UK and across international markets. His responsibilities will include developing a ... Read the full article
Lloyd’s and L&G back Togo’s sustainable development with €200m loan
4th June 2025
The Lloyd’s of London insurance market, represented by MS Amlin, Mosiac Insurance, and the Texel Group, has partnered with Legal & General in a recent transaction to bolster sustainable development in the Republic of Togo. This collaboration facilitates Togo’s inaugural sustainable loan from international investors, a €200m through a 20-year facility ... Read the full article
Optalitix upgrades flagship product with new Model Monitoring feature
4th June 2025
Optalitix has revealed an upgrade to its flagship product, Optalitix Models, with the launch of a powerful new feature, Model Monitoring. This enhancement, made possible by integrating Google Cloud’s latest system tracking technologies directly into the Optalitix Models platform, introduces real-time tracking of insurance pricing models, providing visibility into model usage, ... Read the full article
Foreign reinsurers to surpass 50% market share in India by 2025: GlobalData
4th June 2025
As licensed foreign reinsurers continue to expand their market presence in India, their market share, in terms of gross written premiums (GWP), is estimated to surpass 50% in 2025, according to GlobalData. Foreign reinsurers have nearly doubled their market share in a short period, increasing from 25.8% in 2019 to 49% ... Read the full article
Newline Group names John Driscoll as Deputy CUO
4th June 2025
Newline Group, a specialty insurance provider, has appointed John Driscoll to the newly created position of Deputy Chief Underwriting Officer. Driscoll will be based in London, working alongside Andy Pecover, the Chief Underwriting Officer of Newline Group. The position aligns with the company's strategy to drive and lead its underwriting performance globally. Driscoll ... Read the full article
Howden expands credit risk capabilities with acquisition of Granular Investments
4th June 2025
Howden, an insurance intermediary, has acquired Granular Investments Limited and Granular Investments EU SAS, reinforcing its position in the European credit risk transfer market. The acquisition enhances Howden’s solutions for major financial institutions, particularly in the areas of credit risk and capital efficiency. Established in 2019 by Giuliano Giovannetti and Richard Sullivan, ... Read the full article
Matthew Sheppard named Deputy CUO of OdysseyRe’s London branch
4th June 2025
Odyssey Reinsurance Company, the property and casualty reinsurance arm of Odyssey Group Holdings, Inc., a subsidiary of Fairfax Financial Holdings Limited, has appointed Matthew Sheppard as Deputy Chief Underwriting Officer (CUO), London branch. Sheppard will work closely with Chief Underwriting Officer Andre-Francois Rocque. In the new role, he will oversee OdysseyRe’s ... Read the full article
German non-life insurance sector surpasses forecasts as Fitch upgrades outlook
4th June 2025
According to Fitch Ratings, a credit rating agency known for its financial analysis and industry outlooks, Germany’s non-life insurance sector performed better than previously projected in 2024. Fitch revised key performance indicators upward across the board, reflecting stronger-than-expected underwriting profitability, robust premium growth, and favourable investment conditions. The agency now forecasts an ... Read the full article
AXIS promotes Peter Smith and Tara Sapru to leaders in Global Cyber & Technology
4th June 2025
Bermuda-domiciled insurer and reinsurer AXIS Capital Holdings has appointed Peter Smith as the Head of Cyber North America and Tara Sapru as the Head of Technical Underwriting in its Global Cyber & Technology (GCT) team, effective immediately. As the Head of Cyber North America, Smith will lead underwriting strategy and efforts ... Read the full article
Africa Re sees net profit climb 32.5% to $22.5m in Q1’25
4th June 2025
The African Reinsurance Corporation has reported an overall net profit for Q1 2025 of $22.5 million, marking an increase of 32.5% compared to a profit of $16.9 million achieved in the same period of 2024. According to the firm, the net income increase was driven by an improvement in underwriting profit, ... Read the full article
Mosaic Insurance announces key leadership changes to strengthen global market presence
4th June 2025
Mosaic Insurance, a specialty underwriter, has announced key leadership changes to support its continued expansion. Yosha DeLong has been promoted to Global Engagement Officer, while cyber insurance veteran Brian Bonkoski joins the firm as Global Head of Cyber. Since Mosaic’s launch in February 2021, DeLong, based in Chicago, has been instrumental in ... Read the full article
Cyberwrite and Markel Insurance expand partnership to advance cyber underwriting
4th June 2025
Cyberwrite, a cyber insurance technology firm, and Markel Insurance, the insurance operations within Markel Group, have expanded their partnership to enhance underwriting capabilities, broker enablement, and cyber risk modelling across Europe. Markel Europe has been leveraging Cyberwrite’s AI-driven technology to help underwriters assess and model exposures more effectively, and to communicate ... Read the full article
Howden appoints Peter Steiner as Executive Director Agriculture & Nature Parametrics
4th June 2025
Global insurance and reinsurance broker Howden has appointed Peter Steiner as Executive Director, Agriculture & Nature Parametrics. Steiner joins Howden after nine years at Syngenta, where he began in May 2016 as Global Financial Solutions Manager. He is the owner and creator of AgriClime Risk Management and the AgriClime finance/credit systems, and ... Read the full article
Ategrity Specialty could raise up to $106.7m from IPO
4th June 2025
Ategrity Specialty Holdings LLC has launched its initial public offering (IPO) of 6,666,667 shares of common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the SEC). Prior to the closing of the offering, the company will convert to a Nevada corporation named Ategrity ... Read the full article
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