Reinsurance News
Latin America’s reinsurance market sees deepening international interest: Howden Re
12th November 2025
Latin America’s reinsurance market is attracting growing international interest, with an influx of new entrants and capital flowing into the region, including a noticeable rise in managing general agents (MGAs), according to Howden Re, the global reinsurance broking arm of Howden Group. As reinsurers meet in Costa Rica for FIDES 2025, ... Read the full article
Lockton Re names Aon’s Mozum Khan as Global Head of Property Innovation & Solutions
12th November 2025
Lockton Re, the reinsurance business of insurance broker Lockton, has appointed Mozum Khan to the newly established role of Global Head of Property Innovation & Solutions, based in Dubai. Most recently, Khan served as Managing Director of Analytics for broker Aon. He has previously held several leadership roles at AXA XL, ... Read the full article
HDI Global appoints John Morrell as Head of Energy & Power Underwriting Middle East
12th November 2025
Corporate & Specialty lines insurer HDI Global has announced the appointment of John Morrell as the new Head of Energy & Power Underwriting Middle East, within its cross-divisional Energy & Power Unit, effective 1 December, 2025. Based in Dubai, Morrell will lead a dedicated team focused on managing complex risks across ... Read the full article
Accenture invests in Lyzr to accelerate agentic AI adoption in financial services
12th November 2025
Accenture, a professional services company specialising in digital transformation, cloud, and artificial intelligence, has announced an investment in Lyzr, an AI innovator that has built a comprehensive enterprise agent infrastructure platform. Made through Accenture Ventures, the investment will strengthen collaboration between the two firms to advance the use of agentic AI ... Read the full article
ABIR members’ contribution to Bermuda’s local economy tops $1.2bn
11th November 2025
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) set a new benchmark in 2024, contributing $1,210,566,922 to Bermuda’s economy, and employing a record number of Bermudians, according to the association's 20th Annual Economic Substance Survey. Last year, the group employed 1,472 Bermudians, spouses of Bermudians, or permanent resident ... Read the full article
Active Re expects retro philosophy shift to deliver measurable benefits
11th November 2025
According to Active Re’s 2024 Annual Report, the global reinsurer is transforming its retrocession approach, moving from a transactional model to a more strategic, integrated framework. This change is designed to improve capital efficiency, optimise cash flow, and strengthen alignment between in-house underwriting and its network of Managing General Agents (MGAs). "Active ... Read the full article
Ambac Financial Group rebrands as Octave Specialty Group
11th November 2025
Ambac Financial Group, Inc. has rebranded as Octave Specialty Group, Inc. (Octave), a global specialty insurance firm, while its Everspan Group businesses will continue to operate under their existing brands. The company will begin trading under its new ticker symbol “NYSE: OSG” on November 20th, 2025, marking the next phase of ... Read the full article
ICIEC and KazakhExport renew quota share treaty agreement for 2025–2026
11th November 2025
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, and KazakhExport, the Export Credit Agency of the Republic of Kazakhstan, have renewed their Quota Share Treaty Reinsurance Agreement. This marks the fifth consecutive renewal of the ... Read the full article
Chubb names Susan Spivak as SVP, Investor Relations
11th November 2025
Property and casualty insurer Chubb Limited has appointed Susan Spivak as Senior Vice President (SVP) of Investor Relations, effective November 17th, 2025. Spivak is an industry veteran with more than two decades of experience in senior investor relations and has served in equity markets roles. She previously led investor relations at The ... Read the full article
Ivans Index reveals premium renewal rates remain up y-o-y but softening clear
11th November 2025
For the third quarter of 2025, average premium renewal rates have increased across all major commercial lines of business year over year, except Workers’ Compensation, according to the latest Ivans Index. However, the overall trend for Q3 2025 was a decrease in the average rate change for most lines of business ... Read the full article
Canadian Personal Auto & Property rates increase in Q3’25: Applied Systems
11th November 2025
The third quarter 2025 results of Applied Systems’ Applied Rating Index show that average premiums for both personal auto and personal property lines in Canada increased year over year. In Q3’25, the personal auto premium rate change increased 15.5% compared to Q3’24, while increasing 5.3% when compared to Q2’25. Meanwhile, for the ... Read the full article
Prestige Underwriting promotes Carl McComb to Underwriting & Pricing Director
11th November 2025
Prestige Underwriting, a specialist managing general agent (MGA), has announced the promotion of Carl McComb to Underwriting and Pricing Director. In his new role, McComb will set the firm’s underwriting strategy, develop and implement strategic guidelines for risk assessment and pricing, and lead multidisciplinary teams that build, validate, and refine pricing ... Read the full article
Davies to acquire Canada’s SCM Insurance Services
11th November 2025
Davies, a specialist professional services and technology firm serving the insurance market, has signed an agreement to acquire SCM Insurance Services (SCM), Canada’s largest claims processing and risk solutions provider. As part of this acquisition, SCM’s three operational entities will be integrated into the Davies global platform, these include ClaimsPro, Canada’s ... Read the full article
Howden agrees to acquire Evelyn Partners Financial Services
11th November 2025
Howden, an insurance and risk advisory group, has agreed to acquire Evelyn Partners Financial Services Limited, the employee benefits consultancy division of Evelyn Partners, a UK-based wealth management and professional services firm. The acquisition is intended to expand Howden’s employee benefits and corporate health services in the United Kingdom. Completion of ... Read the full article
Gallagher Re hires RenRe’s Lowry as Exec Dir, Global Credit, Surety & Political Risk Product
11th November 2025
Global reinsurance brokerage Gallagher Re has announced the appointment of Alexander Lowry as Executive Director, Global Credit, Surety and Political Risk Product. “Alex brings extensive experience in underwriting Credit, Surety and Political Risk Treaty reinsurance, as well as Structured Credit insurance. His expertise will further strengthen our global capabilities and support ... Read the full article
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