Reinsurance News
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
IAG and RAC announce strategic alliance to deliver insurance to Western Australians
19th May 2025
Insurance Australia Group (IAG) has entered a strategic alliance with The Royal Automobile Club of Western Australia (RAC) to provide general insurance products and services for RAC members and Western Australians. The transaction includes IAG's purchase of the RAC Insurance (RACI) business and a 20-year exclusive distribution agreement for RAC branded ... Read the full article
CIAB reports moderation in commercial insurance premium increases for Q1’25
16th May 2025
The latest market survey from The Council of Insurance Agents & Brokers reveals a noticeable easing in premium increases across all commercial insurance account sizes in the first quarter of 2025. According to their findings, premium increases across all account sizes moderated to an average of 4.2%, a drop from the ... Read the full article
Zurich NA’s Fox to lead US National Accounts, Caminiti promoted to CUO
16th May 2025
Zurich North America (NA), a provider of insurance and risk management services, has strengthened its leadership with Heather Fox now set to lead the US National Accounts business. Most recently, Fox was the Chief Underwriting Officer (CUO) for Zurich North America. She succeeds Paul Lavelle, the previous Head of US National ... Read the full article
Property & nat cat lines competitive but environment remains healthy: Swiss Re CEO
16th May 2025
Andreas Berger, CEO of Swiss Re, has suggested that while the firm’s property and natural catastrophe lines faced tougher competitive pressures so far in 2025, the overall environment remains healthy. During Swiss Re’s Q1 2025 conference call, Berger provided detailed insights on the property segment, discussing current pricing trends across different ... Read the full article
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