Reinsurance News
Parametrix provides rapid claims payments following AWS outage
3rd December 2025
Parametrix, a provider of digital business interruption solutions, has revealed that it has already paid claims to clients affected by the Amazon Web Services (AWS) outage on 20th October 2025, allowing affected businesses to recover quickly. On Monday 20th October, the AWS platform experienced an outage originating in its largest cloud ... Read the full article
Economic downturn fears top G20 business leaders’ risk concerns: WEF
3rd December 2025
Fears relating to an economic downturn continue to dominate concerns cited by G20 business leaders, according to the Executive Opinion Survey 2025, conducted by the World Economic Forum and released by its strategic partners Marsh McLennan and Zurich Insurance Group. The annual survey, which gathered insights from more than 11,000 business ... Read the full article
Duck Creek names Rajesh Raheja as CTO
3rd December 2025
Duck Creek Technologies, a provider of software solutions for property and casualty (P&C) and general insurance, has appointed Rajesh Raheja as Chief Technology Officer (CTO). In the new role, Raheja will lead the firm's global technology strategy, platform innovation, and engineering organisation in order to advance its cloud-native solutions and AI-driven ... Read the full article
Swiss Re addresses rising mental health claims with AI-powered Wysa app: Paul Murray
3rd December 2025
Paul Murray, CEO Life & Health Reinsurance at Swiss Re, highlighted that mental health claims have increased significantly this year, noting that the reinsurer is managing the trend through its AI-powered Wysa app, which has already shown measurable improvements in users’ mental health. During an interview with Squawk Box Asia, CNBC's ... Read the full article
Bridgehaven completes acquisition of SureStone
3rd December 2025
UK hybrid insurer Bridgehaven has announced the completion of its acquisition of SureStone Insurance DAC, following receipt of all required regulatory approvals. This acquisition is a major step in Bridgehaven’s European growth strategy, with the hybrid insurer anticipating it will be key to strengthening its expanding network of MGA partners throughout ... Read the full article
Pacific Life Re names Soichiro Makimoto as Head of Japan Representative Office
3rd December 2025
Life and health reinsurer Pacific Life Re has appointed Soichiro Makimoto as Head of its Japan representative office. The move reinforces the reinsurer’s long-term commitment to the Japanese market. In his new role, Soichiro will enhance Pacific Life Re’s presence in Japan, bringing a deeper understanding of clients’ needs to support the ... Read the full article
McGill and Partners and AEGIS London announce new digital partnership
3rd December 2025
McGill and Partners, the independent global specialty insurance and reinsurance broker, and AEGIS London, a Lloyd’s syndicate, have formed a strategic partnership to deliver smarter, digitally-enabled solutions for clients. The partnership aligns AEGIS London’s risk appetite across multiple business lines with McGill and Partners’ client portfolio. Using advanced technology, the platform ... Read the full article
Arrowhead Intermediaries appoints Steven Beard as CEO, International
3rd December 2025
Arrowhead Intermediaries has announced the appointment of Steven Beard as Chief Executive Officer, International, who will join the firm in February 2026 and be based in London. Beard joins from Charles Taylor, where he served as Group President. His broking career also includes senior roles at Ardonagh Group, Corant Group and RFIB, ... Read the full article
Marsh McLennan Agency acquires three Hawai‘i-based insurance brokerages
3rd December 2025
Marsh McLennan Agency (MMA), part of global insurance and reinsurance brokerage Marsh McLennan, has acquired three privately owned Honolulu, Hawai‘i-based insurance brokerages from Tradewind Group, a diversified Hawai‘i investment company. The brokerages include Atlas Insurance Agency (Atlas), Pyramid Insurance Centre (Pyramid), and IC International (IC), which together have built a leading ... Read the full article
Venerable expands Findleton’s role to Head of Flow Reinsurance
3rd December 2025
Venerable, a privately held company that owns and manages legacy variable annuity business, has expanded Alexandra Findleton's role at the firm to include serving as Head of Flow Reinsurance. The move aims to position the firm to accelerate growth in this new organisational capability and advance its overall growth strategy, which ... Read the full article
The Baldwin Group and CAC to merge for $1.03bn
3rd December 2025
The Baldwin Group, an independent insurance brokerage and advisory firm, and CAC Group, a national middle-market insurance broker and advisor, comprising CAC Specialty and CAC Agency, have entered into a definitive agreement to merge, for a total upfront consideration of $1.026 billion. The transaction, which is expected to close in the ... Read the full article
Swiss Re’s Schoch appointed Strategic Consultant of Marine for Gallagher Re LAC
3rd December 2025
Gallagher Re, the reinsurance arm of the global broking group, has announced the appointment of Erika Schoch Strategic Consultant of Marine for Gallagher Re Latin America and Caribbean (LAC). In her new consulting role, Schoch will leverage her diverse background and expertise to support the development of our Marine business across ... Read the full article
LMG’s Data Council launches consultation for Claims Core Data Record
3rd December 2025
The London Market Group’s (LMG) Data Council has launched a consultation on the structure and fields of the Core Data Record (CDR) to cover claims. According to the announcement, the consultation will run for 12 weeks from November 26th. Market members can access the consultation via the LIMOSS website, and briefing sessions ... Read the full article
PRA’s LIST 2025 reinforces Fitch’s view that the UK life sector is well capitalised
3rd December 2025
Fitch Ratings said the UK Prudential Regulation Authority’s (PRA) 2025 Life Insurance Stress Test (LIST 2025) reinforces its view that the sector is well capitalised, but warns that real-world stress scenarios could lead to a different outcome due to higher market interconnectedness than the exercise assumes and associated spillover effects. Published ... Read the full article
Geoeconomic fragmentation reshaping the global risk landscape
2nd December 2025
A new report from Brokerslink and the Swiss Re Institute warns that rising geoeconomic fragmentation, marked by widening divisions between economic blocs and potential restrictions on the free flow of capital, could have profound and lasting consequences for international risk diversification and, ultimately, the cost of insurance. The joint study examines ... Read the full article
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