Reinsurance News
Reinsurance industry needs sustainable margins & responsible structures: Aon reinsurer panel
15th September 2025
The global insurance and reinsurance markets are "all in this together" and as discipline and innovation drive relevance in an increasingly uncertain world, it's vital that the industry has sustainable margins and responsible structures, and doesn't forget past mistakes. This is according to Jill Beggs, Executive Vice President, and CEO of ... Read the full article
Allianz UK introduces generative AI tool BRIAN
15th September 2025
Allianz UK, part of the financial services group Allianz SE, has introduced a generative AI tool, BRIAN, to help underwriters respond to customer enquiries, enhancing speed and confidence in decision-making processes. Allianz UK says its new tool will help underwriting teams overcome the time-consuming challenge of navigating lengthy guidance documents by ... Read the full article
AXA XL names Sophie Farhane as Global CUO, Cyber Direct & Indirect
15th September 2025
AXA XL, the property, casualty and specialty risk division of AXA, has announced the appointment of Sophie Farhane as Global Chief Underwriting Officer (CUO), Cyber, Direct and Indirect. In this role, Farhane will oversee AXA XL’s cyber insurance portfolio, driving strategy, enhancing profitability, fostering innovation, and strengthening relationships with partners and ... Read the full article
Fitch reports seventh year of double-digit growth for US E&S insurance in 2024
15th September 2025
Fitch Ratings, a credit rating agency and provider of financial research, reported that the US excess and surplus (E&S) insurance market continued its remarkable growth streak in 2024, with direct written premiums rising 11 percent. Although this was below the 15 percent expansion recorded in 2023, Fitch emphasised that the sector ... Read the full article
The Fidelis Partnership announces senior promotions for Bermuda Treaty team
15th September 2025
The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has announced senior promotions for both its Bermuda Treaty team and Bermuda based underwriting leadership. These promotions will see Paget Hengesbaugh become Head of International Treaty. He joined TFP five years ago, having joined from Renaissance Re. Drew Tomlinson will become Head ... Read the full article
Underwriting discipline key for re/insurers to fulfil growth aspirations: Morningstar DBRS
15th September 2025
The key challenge for both insurers and reinsurers as they set out to fulfil their growth aspirations will be to maintain underwriting discipline, Morningstar DBRS observed in a recent report. According to a new report from the firm, despite the increasing trend in natural catastrophe-insured losses, commercial property insurance prices are ... Read the full article
AmTrust, Blackstone Credit & Insurance strike deal to spin off MGA and fee businesses
15th September 2025
AmTrust Financial Services has entered into a definitive agreement with Blackstone Credit & Insurance (BXCI) to spin off certain Managing General Agencies and fee-based businesses in the U.S., U.K., and Continental Europe into a new independent company jointly backed by AmTrust and funds managed by BXCI. The agreement includes seven AmTrust ... Read the full article
NA property a “market of opportunity” despite softening: Howden Re’s Gulbransen
15th September 2025
In a recent interview with Reinsurance News during RVS 2025, Howden Re's Wade Gulbransen, CEO North America, offered an optimistic perspective on the current reinsurance market in the region, describing it as a “market of opportunity” despite recent shifts. Gulbransen highlighted the significant changes over the past three or four years, ... Read the full article
Total claims costs from 2016-2024 hit $1.1trn for Bermuda commercial re/insurers: BMA
15th September 2025
From 2016 to 2024, Bermuda commercial insurer and reinsurer incurred $1.1 trillion in gross claims costs to policyholders and cedants globally, according to data from the Bermuda Monetary Authority (BMA). Over the nine-year period, Bermuda re/insurers incurred a total of $831 billion in gross claims costs to US, Europe, and UK ... Read the full article
Weigel to lead Liberty Specialty Markets’ European multinational expansion
15th September 2025
Alexandra Weigel has joined Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, as head of multinational, Europe, a Zurich-based role. In her new role, Weigel will leverage her over 30 years of industry experience to support the expansion of LSM’s multinational programme capabilities in Europe. The executive’s appointment comes as ... Read the full article
Mereo adopts Phinsys’ full product suite to build finance infrastructure
15th September 2025
Phinsys, a finance automation software provider for the re/insurance industry, has partnered with Mereo Insurance Limited (Mereo), a Bermuda-based reinsurance business, to implement its full suite of automation software to support Mereo’s finance operations. Mereo launched earlier this year with initial capital of more than $700 million, after receiving full ... Read the full article
WTW announces new leadership roles in the Global Construction and Surety divisions
15th September 2025
Willis, a WTW business, has announced shared updates to its leadership team within the Global Construction and Global Surety divisions. These appointments are intended to strengthen industry expertise, improve client service, and enhance collaboration across the two areas. Bill Creedon, who has led WTW’s Global Construction business for over five years, will ... Read the full article
Acrisure London Wholesale enters strategic partnership with Israeli broker Madanes
15th September 2025
Acrisure London Wholesale (ALW), the London-based wholesale division of Acrisure, has announced a strategic broking partnership with Israeli insurance broker Madanes. Madanes is the largest insurance broker in Israel, with over 300 employees, providing a full range of re/insurance services to the industry, commerce, and private client sectors. The partnership has enabled ... Read the full article
Canopius to leverage Kalepa’s AI-powered workbench to accelerate growth & innovation
15th September 2025
Global specialty re/insurer Canopius has partnered with Kalepa for its AI-powered underwriting workbench to accelerate growth and innovation across its lines of business in the US. The collaboration will see Canopius implement Kalepa’s underwriting workbench, which leverages artificial intelligence to streamline underwriting workflows, eliminates manual inefficiencies, and uncovers insights for risk ... Read the full article
Concert names Carroll as Chief Actuary & Rangel-Brown as VP, Human Resources
15th September 2025
Concert Group Holdings, Inc., a specialised insurance holding company known for providing tailored solutions to programme insurance markets, has appointed Tom Carroll as Chief Actuary and Lori Rangel-Brown to a newly created role of Vice President (VP), Human Resources, both effective as of September 1st, 2025. Carroll’s appointment follows the promotion ... Read the full article
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