Reinsurance News
Boroughs appointed Vice Chairman of Chubb Group, Hogan promoted to CIO
19th May 2025
Global insurer Chubb has announced the appointment of Tim Boroughs as Vice Chairman, Chubb Group and Executive Chairman, Asset Management, and the promotion of Chris Hogan to Senior Vice President, Chubb Group and Chief Investment Officer. Chubb Chairman and CEO Evan Greenberg, said, "For more than 25 years, Tim has shaped ... Read the full article
April investments highlight growing appetite for China’s re/insurance sector
19th May 2025
April investments in four Chinese insurers by foreign shareholders signals growing international appetite in the country’s re/insurance industry, media group Yicai Global highlighted in a recent publication. This group includes four local insurers: Generali China Insurance, Fosun United Health Insurance, AXA International Reinsurance and Citic Prudential Life, according to data from ... Read the full article
Aon appoints Neil Maynard as Chief Broking Officer, Aviation
19th May 2025
Global insurance and reinsurance broker Aon has appointed Neil Maynard as Chief Broking Officer, Aviation, for its London-based Global Broking Centre. Based in London, Maynard will report to Alex Gibson, Transportation and Logistics Leader, and Tracy Toro, Global Industry Speciality Leader, Aviation. In his new role, he will lead the broking ... Read the full article
VIG bids for majority stake in Moldasig
19th May 2025
Vienna Insurance Group (VIG) has submitted a bid to acquire 80% of the shares of MOLDASIG S.A. (Moldasig) following an invitation from the Government of the Republic of Moldova. The transaction aims to increase stability and excellence in risk protection, and follows a multi-stage bidding process initiated by the Moldovan state ... Read the full article
Inigo, Johnson & Johnson backed Motion Specialty becomes Lloyd’s coverholder
19th May 2025
Motion Specialty has been approved as a Lloyd’s of London coverholder, having been founded by Dan Alpay and Alex Kickham with the support of wholesale US broker Johnson and Johnson, and writing on behalf of Lloyd’s Syndicate 1301, managed by Inigo Ltd. According to a joint announcement from the involved parties, ... Read the full article
I’m very positive on where the legacy market is and where it’s going: RiverStone International Group CFO
19th May 2025
After a “fantastic” 2024 underpinned by a progressive global buildout and impressive year-on-year growth across all key metrics, Andy Creed, Group Chief Financial Officer (CFO) and UK CEO of legacy acquirer RiverStone International, is “very positive” on where the run-off market is going. Last week, at the annual IRLA conference in ... Read the full article
Canopius adds Zhang as Head of Claims & Chiu as Regional Strategy & Transformation Lead, APAC
19th May 2025
Canopius Group, a global specialty and P&C insurer and reinsurer, has appointed Chen Zhang as Head of Claims and Channing Chiu to a newly created role of Regional Strategy and Transformation Lead in its Asia Pacific (APAC) leadership team. Zhang stepped into the role on May 5th, 2025, and Chiu’s appointment ... Read the full article
KISTERS launches HailSens360 across Europe
19th May 2025
KISTERS has launched HailSens360 across Europe, combining real-time hail sensors with hyperlocal forecasts and nowcast alerts to protect solar, crops, and insured assets. According to KISTERS, HailSens360 brings together advanced hail detection, high-resolution forecasting, and real-time decision support in a single, unified platform. "Already used across solar energy, agriculture, and insurance sectors ... Read the full article
Concert Group names Slatery as Chair, adds Adams as Independent Non-Exec Director
19th May 2025
Concert Group Holdings (Concert), a privately owned insurance holding company, has appointed Charles Slatery as Chair of the Group, and industry veteran Matthew Adams as an Independent Non-Executive Director to the Board. Slatery is currently the Chairman and Chief Executive Officer (CEO) of WT Holdings, Inc. He succeeds Brady Young, Founder ... Read the full article
Google Cloud expands Risk Protection Program across EMEA
19th May 2025
Google Cloud has expanded its Risk Protection Program (RPP) to more than 30 markets across EMEA and has added new cyber insurance partners, Beazley and Chubb, alongside founding partner Munich Re. Google Cloud's RPP is said to blend cloud security insights with insurance industry expertise to offer Google Cloud customers customised, ... Read the full article
Aviva to strengthen cyber exposure management with CyberCube partnership
19th May 2025
CyberCube, a provider of cyber risk analytics, has partnered with US insurer Aviva to harness artificial intelligence (AI) for cyber threat actor intelligence. This partnership will see Aviva use CyberCube’s ‘Portfolio Threat Actor Intelligence’ service and its suite of cyber analytics software, which in turn will strengthen the insurer’s cyber exposure ... Read the full article
LM Re launches parametric agriculture product for Colombian farmers
19th May 2025
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual Insurance Group, has partnered with XS Latam and SFA CEBAR to launch a parametric agriculture product designed to financially protect Colombian farmers against adverse climatic conditions. The product leverages the expertise of Floodbase and EarthDaily—a parametric flood platform providing advanced ... Read the full article
Pacific Life Re names Kenichi Kim as Head of South Korea
19th May 2025
Life and health reinsurer Pacific Life Re has appointed Kenichi Kim as Head of South Korea, overseeing its growth and operations in the region. Kim brings over 15 years of experience in financial services and reinsurance, having held roles across Hong Kong, Japan, and Singapore. He joined Pacific Life Re in 2022, ... Read the full article
AM Best maintains stable outlook for Japan’s non-life insurance sector amid structural improvements
19th May 2025
AM Best, the credit rating agency, is maintaining its stable outlook for Japan’s non-life insurance industry, reflecting improved underwriting fundamentals, especially in the fire insurance segment, and the positive impact of stronger regulatory oversight. The Financial Services Agency (FSA) has taken a more assertive stance over the past 18 months, focusing ... Read the full article
Launch Underwriters adds Sparks as CEO, Matson to serve as Chairman
19th May 2025
Launch Underwriters, a Managing General Agent (MGA), has appointed Dennis Sparks as its new Chief Executive Officer (CEO), effective May 5th, 2025. Alongside this, Erik W. Matson will now serve as Executive Chairman. In the new role, Sparks aims to expand the firm’s footprint in the broader MGA platform space, as ... Read the full article
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