Reinsurance News
Re/insurers a vital partner in infrastructure development in Africa: AIO
28th May 2025
Re/insurers can play a vital role in supporting infrastructure development in Africa through risk mitigation solutions and by acting as significant institutional investors, according to a recent report by the African Insurance Organisation (AIO). The report highlights Africa’s significant infrastructure deficit. The continent needs $495.6 billion annually until 2030 to meet ... Read the full article
TMHCCI appoints Claire Spiteri as Senior Underwriter for Professional Risks
28th May 2025
Tokio Marine HCC International (TMHCCI), a subsidiary of the Tokio Marine HCC group headquartered in Houston, Texas, has announced the appointment of Claire Spiteri as Senior Underwriter within its Professional Risks division. Based in Manchester, she will report to Frances Eaton, Underwriting Manager, Professional Risks North. Spiteri joins TMHCCI from AIG, ... Read the full article
Jon Colello elected Chair of Reinsurance Association of America Board
27th May 2025
Jon Colello, President of PartnerRe Ltd., has been elected Chair of the Board of Directors for the Reinsurance Association of America (RAA)—a national trade association representing property and casualty reinsurers operating in the United States—during the organisation’s 57th Annual Meeting held on April 25, 2025. Joining Colello in leadership roles are ... Read the full article
United Risk expands with new promotions and hires, names Christofer President & CCO
27th May 2025
United Risk, an international property and casualty insurance underwriting and a division of Applied Underwriters, has announced the appointment of Richard Christofer as President and Chief Commercial Officer, among a number of other promotions and hires. In his new role, based at the company's corporate headquarters at Rockefeller Center in New ... Read the full article
Cyber risk and environmental issues lead reputational concerns in 2024/25: WTW
27th May 2025
Willis, a WTW business, has released its Reputational Risk Readiness Survey 2024/25, highlighting a sharp rise in concerns around cyber threats and environmental challenges among global senior executives. Of the 500 respondents, 65% identified cyber risk—especially cyber-attacks—as the most significant threat to their organisation's reputation, an increase from 52% in 2023. Environmental ... Read the full article
Continental Re announces key leadership changes across Group
27th May 2025
Pan-African reinsurer Continental Reinsurance Group has announced a number of leadership appointments, including Lawrence Nazare’s as Group Managing Director. In his new role, headquartered in Botswana, Nazare will oversee the Group’s pan-African operations and long-term strategic direction. “It’s been a privilege to lead our Nigeria business and support the broader Group’s evolution. ... Read the full article
GIC Re reports underwriting loss of ₹392.3 crore for Q4
27th May 2025
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported an underwriting loss of ₹392.3 crore for the fourth quarter ended March 31st, 2025, compared to a profit of ₹570.06 crore in the prior year fourth quarter. The combined ratio for Q4’25 deteriorated to 103.56%, compared to ... Read the full article
Accelerant looks to reengineer specialty insurance amid market challenges: CEO Radke
27th May 2025
Specialty insurance faces two key challenges, data loss due to a distended value chain and a lack of affordable and accessible technology, leading insurance service and data platform Accelerant to work to reengineer the business model, CEO Jeff Radke highlighted in an interview with Reinsurance News. Accelerant wants to simplify the ... Read the full article
Chaucer appoints Jordan Ray as Head of Renewable Energy and Energy Transition
27th May 2025
Chaucer Group, a global specialty insurance and reinsurance group, has announced the appointment of Jordan Ray as Head of Renewable Energy and Energy Transition. Based in London, Ray will report to and work closely with Simon Schnorr, Head of Marine and Energy. In her new role, Ray will lead the development of ... Read the full article
Attractive returns amid property cat reinsurance rate pressure: Peel Hunt
27th May 2025
Property catastrophe reinsurance post Q1 2025 results indicate that while there is ongoing rate pressure, market discipline and strong cedent demand are helping to maintain a healthy balance for the property catastrophe reinsurance market, according to a recent Peel Hunt analyst report. The report highlights that rate adequacy and returns on ... Read the full article
AM Best revises MS Reinsurance’s credit rating outlook to positive
27th May 2025
AM Best has revised the outlook for the Long-Term Issuer Credit Rating of MS Reinsurance to positive from stable, reflecting the company's increasing significance within the MS&AD group and its improving financial performance. The rating agency has also affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICR ... Read the full article
SiriusPoint appoints Philip Enan as Chief Strategy & Corporate Development Officer
27th May 2025
Bermuda-based insurer and reinsurer SiriusPoint has announced the appointment of Philip Enan as Chief Strategy and Corporate Development Officer. Based in New York, Enan joins the company’s Executive Leadership Team and will report to Chief Executive Officer Scott Egan. In his new role, Enan will lead SiriusPoint’s strategy development process and explore ... Read the full article
ICA declares NSW floods ‘Insurance Catastrophe’ as claims received nears 5,000
27th May 2025
The Insurance Council of Australia (ICA) has upgraded the Mid North Coast and Hunter flooding event classification to an "Insurance Catastrophe" due to updated feedback on ground information about local event severity. So far, insurers have received 4,900 claims from the event, which has seen flooding in the Mid North Coast ... Read the full article
VIG posts 8.3% rise in GWP to €4.65bn in Q1’25
27th May 2025
Vienna Insurance Group (VIG) has reported an 8.3% increase in gross written premiums (GWP) to EUR 4.65 billion for the first quarter of 2025, driven by growth across all lines of business. The highest premium growth rates were seen in the Special Markets (+25.4%), Poland (+13%), and Extended CEE (+10.3%) segments, ... Read the full article
Slide files for IPO to support expansion and policy growth
27th May 2025
Slide Insurance has filed with the SEC for an initial public offering and intends to use the net proceeds to underwrite additional policies, fund its business growth, and support general corporate purposes. While the technology-enabled insurance firm has not disclosed the expected price range or number of shares to be offered, ... Read the full article
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