Reinsurance News
Everest promotes Jill Beggs to CEO of Reinsurance
24th July 2025
Bermuda-based insurer and reinsurer Everest Group has promoted Jill Beggs to Executive Vice President (EVP) and Chief Executive Officer (CEO) of Reinsurance, following her appointment as Chief Operating Officer (COO) of the reinsurance arm early last year. Beggs was promoted to the Reinsurance COO role less than three years after ... Read the full article
Selective reports Q2’25 net income growth and improved CoR amid market headwinds
24th July 2025
Selective Insurance Group has announced its financial results for the second quarter of 2025, reporting net income growth to $83.6 million from $65.6 million in the same period last year, 12% increase in net premiums written (NPW) and an improved combined ratio of 100.2%. The insurer’s combined ratio marks a 15.9-point ... Read the full article
Accelerant’s upsized IPO to raise firm $426m
24th July 2025
Accelerant Holdings, a technology-driven insurance platform that partners with underwriters and MGAs across the globe, has announced the pricing of its upsized initial public offering (IPO). The company is now offering a total of 34,461,152 Class A common shares at a public price of $21.00 per share. Of that total, 20,276,280 ... Read the full article
Approval reforms for UK Insurance Special Purpose Vehicles to support growth: PRA
24th July 2025
The Prudential Regulation Authority (PRA) has published Policy Statement (PS) 9/25, setting out its final policy and feedback to CP15/24 on proposed reforms to the UK Insurance Special Purpose Vehicle (UK ISPV) regulatory framework, marking a key step in its ongoing reform efforts. According to the PRA, the PS intends to ... Read the full article
McGill and Partners names Henderson as Bermuda CEO, Cantlay as President
24th July 2025
McGill and Partners, a specialist insurance and reinsurance broker, has announced the appointment of Julia Henderson as Partner and CEO of its Bermuda business. The firm also announced that George Cantlay, currently part of the global treaty reinsurance team in London, will take on the additional role of President of the ... Read the full article
Pinpoint UK a long-term play for AM Specialty Insurance Company: Barder and Powell
24th July 2025
For the latest Reinsurance News video interview, we spoke with Shevawn Barder, Founder and CEO of AM Specialty Insurance Company (ASIC) and Darren Powell, CUO of Pinpoint UK, to hear their plans for the new MGA and how progress has been so far as the E&S carrier ... Read the full article
PIC secures £40m buy-in for Institution of Mechanical Engineers Pension Scheme
24th July 2025
Pension Insurance Corporation plc (PIC), a specialist insurer focused on defined benefit pension schemes, has completed a £40 million buy-in with the Institution of Mechanical Engineers Pension Scheme, with the transaction securing the pensions of all 200 members of the Scheme. The Institution of Mechanical Engineers represents over 115,000 members across ... Read the full article
Third Point increases Redemption Offer for Malibu Life Re acquisition
24th July 2025
Third Point LLC (TPIL ), the New York based alternative asset manager, is moving forward with its proposed acquisition of Malibu Life Reinsurance SPC, a life and annuity reinsurance platform, and has announced an update regarding the improved terms for a Redemption Offer for shareholders who wish to exit their ... Read the full article
Probitas AdA SPA 2024 to transition to full Syndicate status in 2026
24th July 2025
Probitas Managing Agency has revealed that the AdA SPA 2024 will transition to full Syndicate status for the 2026 year of account, following ‘In Principle’ Lloyd’s approval. The AdA Syndicate, which will remain under the management of Probitas Managing Agency, will continue to be led by Natasha Jodrell, Managing Director of ... Read the full article
Global insurance rates continue to decline as competition among insurers grows, says Marsh
24th July 2025
Global commercial insurance pricing dropped by an average of 4% in the second quarter of 2025, according to the latest Global Insurance Market Index from Marsh, an insurance broker and risk advisor and a business of Marsh McLennan. This marks the fourth consecutive quarter of average rate reductions and reflects an ... Read the full article
Former Brit CUO Christiern Dart to succeed Andrew Carrier as MS Amlin CEO
24th July 2025
Lloyd's global insurer and reinsurer, MS Amlin, has announced that Christiern Dart will take over as Chief Executive Officer (CEO) of the company in January 2026, succeeding Andrew Carrier who has decided to retire from the role after three years. Dart spent 17 years at specialty insurer Brit, including five years ... Read the full article
RenRe posts underwriting income of $602m in Q2’25 as CoR drops to 75.1%
24th July 2025
Bermuda-based reinsurer RenaissanceRe (RenRe) has posted underwriting income of $601.7 million for the second quarter of 2025, with an overall combined ratio of 75.1%, compared to $479.3 million and 81.1% respectively, in the second quarter of 2024. The reinsurer has posted a solid set of results for the quarter, with Group-wide ... Read the full article
Jim Franson joins Lockton Re as North America Chairman
24th July 2025
Lockton Re, the reinsurance business of the independent insurance broker, has appointed Jim Franson as North America Chairman. Jim Franson joins Lockton Re with over 35 years of re/insurance experience, having most recently served as President at Validus Re US. At Validus, he reportedly built a team and organisation with a portfolio ... Read the full article
UK captive & ILS reform plans seen as credit-neutral by Fitch, though longer-term risks may emerge
24th July 2025
Fitch Ratings, a credit rating agency, says the UK government's proposed overhaul of rules governing insurance-linked securities (ILS) and captive insurance will not immediately affect the credit quality of London market insurers. While the current regulatory framework remains in place until at least 2027, Fitch warns that over time, these changes ... Read the full article
Westfield names Dan Thomas SVP, Chief Actuary
24th July 2025
Westfield, a US-based property and casualty insurer, has appointed Dan Thomas as Senior Vice President (SVP), Chief Actuary, to strengthen the company’s risk insight, capital strategy, and predictive capabilities. In his new executive role, Thomas will lead Westfield’s enterprise-wide actuarial function, driving strategic initiatives to enhance pricing governance, reserving, capital modelling, ... Read the full article
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