Reinsurance News
Matthew Washington named CEO of Probitas 1492
4th August 2025
Matthew Washington has been appointed CEO of Probitas 1492, a specialist Lloyd’s syndicate focused on property, casualty and specialty re/insurance, owned outright by UK insurer Aviva following its acquisition in mid‑2024. Washington assumes the new role alongside his current position as Managing Director of Aviva's Global Corporate & Specialty (GCS) ... Read the full article
Corebridge closes largest portion of variable annuity reinsurance deal with Venerable
4th August 2025
Corebridge Financial, Inc. has announced the successful closure of the largest portion of its previously announced reinsurance agreement with Corporate Solutions Life Reinsurance Company, an insurance subsidiary of Venerable Holdings, Inc. The transaction, which reinsures all Individual Retirement variable annuities issued by American General Life Insurance Company (AGL), marks a significant ... Read the full article
CyberCube and Wholesure partner to expand cyber insurance capabilities for SMBs
4th August 2025
CyberCube, a provider of cyber risk analytics for the insurance sector, has entered into a strategic partnership with Wholesure, the wholesale brokerage arm of Acrisure, a global fintech and insurance brokerage firm. As part of the collaboration, Wholesure will license CyberCube’s Broking Manager and CyberConnect solutions to improve cyber insurance services ... Read the full article
Brown & Brown completes RSC Topco acquisition
4th August 2025
Brown & Brown, an insurance brokerage and risk management firm, has completed its previously announced acquisition of RSC Topco, Inc., the holding company for Accession Risk Management Group, Inc. The deal, first announced in June 2025, was finalised for a gross purchase price of $9.825 billion, according to the original ... Read the full article
CNA posts net income of $299m, P&C CoR strengthens to 94.1% in Q2’25
4th August 2025
Chicago-domiciled insurer CNA Financial Corporation reported net income of $299 million for the second quarter of 2025, down from $317 million in the same period last year. Core income in Q2’25 rose to $335 million, up from $326 million in Q2’24. Net investment income increased by 7% to $662 million pretax, while ... Read the full article
Atrium enters weather and climate insurance market, Byrns to lead new team
4th August 2025
Atrium, a specialty insurance group at Lloyd’s, has entered the weather and climate insurance market with the appointment of weather insurance veteran Dr Ed Byrns as Head of Weather & Climate. Led by Byrns, the Weather and Climate Insurance team will focus on providing non-damage business interruption coverage to large commercial ... Read the full article
Aspen announces new leadership role for international and UK casualty insurance
4th August 2025
Aspen Insurance Holdings Limited has announced the appointment of Ryan Cushway as Head of International and UK Casualty Insurance, a newly established position effective August 1, 2025. Cushway, who joined Aspen in 2017, has held several senior underwriting roles. Since January 2023, he has led the UK Casualty portfolio, consistently producing ... Read the full article
Aon calls for national AI policy to ensure insurability: Kevin Kalinich
4th August 2025
Aon has called for a coordinated, whole-of-government approach to regulating artificial intelligence amid a rapidly evolving risk landscape, urging the establishment of a national policy framework to ensure insurability and effective risk management while promoting innovation. These insights were shared during a testimony delivered on July 30th, 2025, before a government ... Read the full article
Everest Insurance International appoints James McPartland as Head of Property, Asia
4th August 2025
Everest Insurance International, a division of Bermuda-based insurer and reinsurer Everest Group, Ltd., has appointed James McPartland as Head of Property, Asia. McPartland brings over 15 years of industry experience to the role. He joined Everest in January 2024 as a Senior Property Underwriter. Prior to that, he spent more than six ... Read the full article
SiriusPoint’s Q2’25 underwriting income improves on lower cats & higher favourable PYD
4th August 2025
Bermuda-based carrier SiriusPoint has reported a rise in core underwriting income to $67.6 million for the second quarter of 2025, compared with $36.9 million a year earlier, as catastrophe losses decreased and favorable prior year loss reserve development increased. The re/insurer has reported a solid set of results for the second ... Read the full article
Saudi Re’s net profit increased 20.9% to SAR 52.6m in Q2’25
4th August 2025
Saudi Reinsurance Company (Saudi Re) has reported a net profit after zakat attributable to shareholders of SAR 52.6 million for the second quarter of 2025, representing a 20.9% increase compared to the same quarter a year earlier. The company attributed the increase in net profit to a 28% rise in reinsurance ... Read the full article
Aon’s Jeffrey Jones joins Mercury Insurance as Chief Reinsurance Officer
4th August 2025
Jeffrey Jones has joined Mercury Insurance, a property and casualty insurer, as Vice President & Chief Reinsurance Officer, a newly created role, following a 30-year tenure as a reinsurance broker at Aon. The executive’s arrival comes at a time of significant strategic evolution from Mercury, particularly concerning its expanding portfolio and ... Read the full article
Re/insurance broker AI12 receives DFSA authorisation and establishes presence in DIFC
4th August 2025
AI12 Ltd., a global specialist insurance and reinsurance brokerage, has received authorisation from the Dubai Financial Services Authority (DFSA) and is now officially established as a regulated entity within the Dubai International Financial Centre (DIFC). AI12 is recognised for its deep expertise in the aviation sector and its commitment to delivering ... Read the full article
QBE expands into Dutch marine insurance market with key appointment
4th August 2025
QBE, an insurer with operations in over 25 countries, has announced the appointment of Paul Peerdeman to lead the launch of its marine insurance portfolio in the Netherlands. The move is part of QBE’s strategy to strengthen its presence in key European markets by offering locally tailored solutions for global trade. Peerdeman ... Read the full article
MAPFRE examines how AI will transform the insurance industry by 2035
4th August 2025
In a recent study, MAPFRE explores the future role of insurance in a world shaped by artificial intelligence (AI) by 2035, provisioning four plausible future scenarios to understand how these technology advances could affect people’s daily interactions and the key trends insurers must prepare for. In the study "The Future of ... Read the full article
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