Reinsurance News
AM Best assigns credit ratings to Accelerant Re I.I., affirms Accelerant Holdings’ subsidiaries ratings
4th June 2025
Credit rating agency AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Accelerant Re I.I. (ARPR) (Puerto Rico), with a stable outlook. Concurrently, AM Best affirmed the FSR of A- (Excellent) and the Long-Term ICRs of ... Read the full article
Aon appoints Dan Hartung as Global Head of Event Response for Risk Capital
4th June 2025
Aon, the global insurance and reinsurance broker, has announced the appointment of Dan Hartung as the Global Head of Event Response for Risk Capital, effective immediately. With nearly 15 years of expertise in meteorology and catastrophe analytics, Hartung will oversee Aon’s event response operations. His role will focus on enhancing the company’s ... Read the full article
London-based Amiga Specialty launches with backing from B.P. Marsh
4th June 2025
Amiga Specialty, an independent international Managing General Agent (MGA) headquartered in London, has officially launched with the goal of becoming a leading force in the global insurance MGA market, driven by strategic acquisitions and strong organic growth. Well-capitalised and backed by investors, including publicly listed insurance investment specialist B.P. Marsh & ... Read the full article
reThought Flood hires industry veteran Kevin Thomas to lead residential expansion
4th June 2025
Technology-centric underwriting agency reThought Flood has appointed business development leader and flood expert Kevin C. Thomas to help expand its presence in the residential flood risk market. Thomas will lead the continued development of reThought Flood’s residential insurance distribution strategy. He joins reThought Flood from USI Insurance Services, where he served as ... Read the full article
Guidewire’s total revenue increased 22% to $293.5m in Q3’25
4th June 2025
Property and casualty (P&C) insurance platform Guidewire reported total revenue of $293.5 million for the third quarter of fiscal year 2025, a 22% increase from the same quarter last year. Subscription and support revenue reached $181.8 million, up 32% year-over-year, while license revenue was $57.2 million, up 2%, and services revenue ... Read the full article
Centauri / Lilypad sponsor $30m Koi Re private cat bond for US named storms
4th June 2025
US insurers Centauri Insurance and Lilypad Insurance have sponsored a $30 million Koi Re private catastrophe bond, designed to provide indemnity-based reinsurance protection against named storms in the US. Its successful issuance marks a significant step in leveraging capital markets to strengthen both companies’ risk management strategies. The Koi Re transaction provides ... Read the full article
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
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
