Reinsurance News
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
Protecdiv hires Tamika Puckett as EVP & Public Sector Practice Leader
22nd May 2025
Tamika Puckett has been appointed as Executive Vice President and Public Sector Practice Leader, at Protecdiv, where she will lead the development and execution of the firm's risk management strategies for public sector clients, overseeing a wide range of innovative solutions designed to meet the unique challenges faced by federal, ... Read the full article
HDI Global posts improved CoR of 91.1% in Q1’25
22nd May 2025
HDI Global, a commercial and specialty lines insurer, reported an improved combined ratio of 91.1% for the first quarter of 2025, compared to 91.8% in the same period last year. The net insurance financial and investment result before currency effects rose slightly to EUR 49 million in Q1’25, compared to EUR ... Read the full article
Generali reports 8.6% rise in operating result for Q1’25 with strong P&C performance
22nd May 2025
Italian insurer Generali has reported growth in its consolidated operating result of 8.6% to €2.1 billion for the first quarter of 2025, driven by all business segments, notably its Property and Casualty (P&C) arm as the combined ratio strengthened by 1.4 percentage points year on year to 89.7%. Generali's P&C business ... Read the full article
May severe weather outbreaks could rank among costliest in US history: Aon
22nd May 2025
Given the widespread tornado, hail, and wind damage across the central and eastern United States, Aon has suggested that the May 14–17 outbreak could rank among the costliest severe weather events in U.S. history when adjusted for inflation. In a new report, Aon examined the meteorological drivers and impacts of two ... Read the full article
Pacific Life Re in second asset intensive reinsurance agreement with Anshin Life
22nd May 2025
Life insurer Pacific Life Re has entered into a second asset intensive reinsurance agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings. The new deal builds on the pair’s first successful transaction, which took place in May 2024. This ... Read the full article
First-ever jaguar protection insurance launched in Argentina: UNDP
22nd May 2025
A first-of-its-kind insurance product has been launched in Argentina to protect the critically endangered jaguar while supporting local livestock owners. It was developed through a partnership between the Government of the Province of Misiones, the United Nations Development Programme (UNDP), insurer Río Uruguay Seguros, and local conservation groups including Aves Argentinas. The ... Read the full article
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