Reinsurance News
SMABTP and MACSF to acquire 100% of Arundo Re’s capital
28th July 2025
A consortium formed by the SMABTP and MACSF groups has finalised an agreement to acquire 100% of the capital of Arundo Re (formerly CCR Re). This transaction marks the full exit of Caisse Centrale de Réassurance (CCR) from the capital of France's second-largest private reinsurer. In 2023, SMABTP and MACSF acquired ... Read the full article
Volante Global appoints Demian Smith as new Group CEO
28th July 2025
Volante Global, an international Managing General Agent (MGA) and Lloyd’s Syndicate owned by global fintech Acrisure, has appointed Demian Smith as its new Chief Executive Officer (CEO), subject to current contractual obligations and regulatory approval. Smith started his re/insurance industry career in 1995, and has since successfully built and transformed businesses across ... Read the full article
PERILS lifts industry loss estimate for windstorm Éowyn to €747m
28th July 2025
Zurich-domiciled catastrophe insurance data provider, PERILS, has upped the industry loss for its third estimate for extratropical windstorm “Éowyn”, also known as “Gilles”, to €747 million from €696 million in April. The third estimate compares to the previous loss estimates of €619 million in March, six weeks post the ... Read the full article
Eventual raises $7.5m to bring stability to US real estate insurance
28th July 2025
Eventual, a company focused on improving financial stability for real estate owners, has announced that it has raised $7.5 million in funding and introduced Premium Lock, a product designed to provide long-term predictability for property insurance premiums. This development addresses ongoing issues in the American property insurance market, which has become ... Read the full article
IUA adds Newman to secretariat team, HDI Global SE’s Osborne joins Board
28th July 2025
The International Underwriting Association (IUA), which represents London Market insurers and reinsurers, has appointed Evie Newman as an Underwriting and Claims Technician. Simultaneously, the IUA has also announced that Antonia Osborne, Director of Underwriting at HDI Global SE (UK Branch), has joined its Board. Additionally, Westfield Specialty International (Europe) SA has become ... Read the full article
REPAIR programme’s Phase 2 extends to Angola, Burundi, Malawi, Seychelles and Zambia
28th July 2025
The World Bank has approved the accession of five countries - Angola, Burundi, Malawi, Seychelles, and Zambia - under Phase 2 of the Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) programme. This widens the programme’s geographical reach, boosting its ability to enhance the resilience of vulnerable populations in Eastern ... Read the full article
Zipper and Bavishi to serve as Co-CEOs of USQRisk as Moreno steps down
28th July 2025
USQRisk, part of Ryan Specialty’s alternative risk division, has promoted Michael Zipper and Parag Bavishi to Co-Chief Executive Officers (CEOs) of USQ, effective August 1st, 2025. Meanwhile, USQ’s current CEO, Anibal Moreno, will be stepping down, effective July 31st, 2025, to focus on personal interests. In April 2025, Ryan Specialty ... Read the full article
CatIQ releases updated industry loss estimate of CAD 1.313bn for 2024 Jasper wildfire
25th July 2025
Catastrophe Indices and Quantification Inc. (CatIQ), an independent Toronto-based provider of catastrophe insurance data and a subsidiary of PERILS, has released its fifth industry-wide loss estimate for the wildfire that swept through Jasper, Alberta, from July 22 to August 17, 2024. The latest estimate pegs insured losses at CAD 1.313 billion, ... Read the full article
AM Best assigns A+ (Superior) ratings with stable outlook to HDI Global UK
25th July 2025
AM Best, the credit rating agency, has issued a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior) to HDI Global UK Limited, a United Kingdom-based subsidiary of HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.), with both ratings accompanied by a stable outlook. The ... Read the full article
Aon’s global reinsurance capabilities continue to get stronger, says CEO Greg Case
25th July 2025
After posting 6% organic revenue growth for the second quarter of 2025 in its Reinsurance Solutions operation, global broking giant Aon's Chief Executive Officer (CEO), Greg Case, has highlighted the firm's client-oriented approach and strengthening global capabilities. Earlier today, Aon reported a strong set of Q2 and H1 2025 results, with ... Read the full article
1B Insurance hires Aon’s John Morley as CEO
25th July 2025
1B Insurance AG, a provider of embedded insurance for digital asset platforms based in Switzerland, has announced the appointment of John Morley as Chief Executive Officer (CEO), effective immediately. Morley brings deep expertise in developing innovative insurance products and data-driven business models to his new role, having most recently served as ... Read the full article
Allianz Commercial appoints Nguyen-Huu as Global Head of Portfolio Solutions
25th July 2025
Allianz Commercial, part of global insurer Allianz, has appointed Doan Nguyen-Huu as Global Head of Portfolio Solutions, effective August 1st, 2025, and Daniel Head as Head of Portfolio Solutions and Delegated Authority, UK Global and International markets, from September 1st, 2025. The two appointments are in the firm’s Portfolio Solutions unit, ... Read the full article
Canadian Personal Auto & Property premium rates continued to rise in Q2’25
25th July 2025
Applied Systems has released the second quarter of 2025 results of the Applied Rating Index, the Canadian insurance industry’s premium rate index, showing year-over-year and quarter-over-quarter increases in average premium rate changes for both Personal Auto and Personal Property lines. In Q2’25, Personal Auto premium rate change increased 14.9% compared to ... Read the full article
Kinsale Capital’s net income increased 44.8% to $134m in Q2’25
25th July 2025
Kinsale Capital Group, Inc. reported a net income of $134.1 million for the second quarter of 2025, which includes after-tax catastrophe losses of $2.9 million, up 44.8% from $92.6 million in the same quarter a year earlier, which included $2.7 million in after-tax catastrophe losses. For the first half of 2025, ... Read the full article
Sands Point Risk acquires Medical Stop Loss MGU BRM Specialty Markets
25th July 2025
Sands Point Risk, a multi-program MGA platform backed by Avesi Partners, has announced its acquisition of BRM Specialty Markets, a Philadelphia-based Medical Stop Loss Managing General Underwriter. The acquisition marks a significant milestone for both companies as they combine their strengths to deliver high-impact solutions across the insurance industry. BRM will benefit ... Read the full article
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