Reinsurance News
CRC Group’s Q2’25 Property REDY Index highlights softening market and expanding capacity
24th July 2025
CRC Group, a wholesale specialty insurance distributor in North America, has published the Q2 2025 update of its Property REDY Index. The Index offers a monthly analysis of renewal pricing trends using data collected across CRC’s property book. Built from one of the industry’s larger wholesale data sets, it is intended ... Read the full article
Property reinsurance becoming more competitive, discipline eroding: W. R. Berkley CEO
23rd July 2025
During W. R. Berkley Corporation’s Q2 2025 earnings call, William Robert Berkley, President, CEO & Director, highlighted that the property reinsurance market is becoming increasingly competitive, with signs that discipline among reinsurers continues to erode. Berkley stated that the property marketplace is clearly becoming more competitive. He attributed this growing competition to ... Read the full article
Artificial Intelligence Underwriting Company launches with $15m seed round
23rd July 2025
The Artificial Intelligence Underwriting Company (AIUC), a new firm that combines audits, standards, and insurance to enable enterprises to confidently adopt AI to unlock progress, has announced its launch following a successful $15 million seed funding round. According to AIUC, the company has launched with the largest seed round in insurance ... Read the full article
Swiss Re establishes parametric Centre of Excellence under Marcel Andriesse’s leadership
23rd July 2025
Swiss Re’s Property & Casualty Reinsurance (P&C Re) business unit has launched a Parametric Centre of Excellence, led by Marcel Andriesse, to unify and enhance the firm’s capabilities in parametric solutions across the organisation. According to the firm, the new Parametric Centre of Excellence will be housed within Global Specialty – ... Read the full article
Amwins names Shah as General Counsel, Hargrove transitions to Senior Advisor
23rd July 2025
Amwins, a distributor of specialty insurance products and services, has appointed the current Deputy General Counsel, Molly Shah, as General Counsel effective January 1st, 2026. Simultaneously, Donna Hargrove transitions from her current role as General Counsel into a new position as Senior Advisor. As part of the transition, Hargrove will remain ... Read the full article
Floodbase launches solution to allow continuous flood mapping across the US
23rd July 2025
Floodbase, a platform focused on insuring flood risks beyond traditional coverage, has launched near-real-time flood mapping technology for the United States to help governments, insurers, media, and other decision-makers obtain rapid situational awareness and actionable information, which can now be licensed on-demand per event. This launch marks a significant step forward ... Read the full article
Reinsurers must lead push for claims discipline and better data: Specialty Risk Re CEO
23rd July 2025
According to Jonathan Collura, CEO and President of Specialty Risk Re, the firm's underwriting strategy, distinguished by its integration of both traditional P&C and credit perspectives, is a key differentiator in how it supports clients. In an interview, Collura, appointed CEO of Specialty Risk Re in 2024 and also a member ... Read the full article
Lloyd’s Asia unveils new cyber capacity pooling arrangement
23rd July 2025
Lloyd’s Asia has announced the launch of a new cyber capacity pooling arrangement, the “Lloyd’s XOL Cyber Insurance Facility,” developed in collaboration with Antares, Munich Re Specialty – Global Markets, Syndicate Asia, Newline, and Tokio Marine Kiln. This new solution offers robust protection against cyber threats and greater flexibility to address ... Read the full article
Masteling to lead DUAL Europe’s new Trade Credit business
23rd July 2025
DUAL Europe is expanding its specialty lines across the continent with the launch of its Trade Credit Insurance business, with capacity provided by Axeria, a pan-European carrier. Frank Masteling will lead the Trade Credit business. The executive joined the company as Head of Trade Credit, DUAL Europe, following his tenure as ... Read the full article
Jurecka to take over from Wenning at helm of Munich Re
23rd July 2025
Global reinsurer Munich Re has announced the appointment of Dr. Christoph Jurecka, currently the company’s Chief Financial Officer (CFO), as Chair of the Board of Management, succeeding Dr. Joachim Wenning, who is set to retire. According to the announcement, Wenning’s decision to retire is driven by personal reasons. He wishes not ... Read the full article
Andrew Laing named Head of PartnerRe Capital Management
23rd July 2025
Bermuda-based reinsurer PartnerRe has announced the appointment of Andrew Laing as Head of PartnerRe Capital Management, effective October 1st, 2025. Laing will succeed Andrew Hughes, who is leaving the company after more than four years of service. Laing has been with PartnerRe for 17 years, having joined in September 2008 as AVP ... Read the full article
IUA urges legal reform to enable growth of aviation technologies
23rd July 2025
The International Underwriting Association (IUA), which represents London Market insurers and reinsurers, is urging legal reform to support the safe and effective introduction of next-generation aviation technologies. The group says that while insurers are already developing new coverage solutions for innovations such as air taxis and drone delivery systems, progress depends ... Read the full article
HDI Global Canada names Derek Reedie as Head of Engineering & Construction
23rd July 2025
HDI Global Canada has announced the appointment of Derek Reedie as Head of Engineering and Construction. In this role, Reedie will lead insurance solutions for complex infrastructure and industrial projects. He brings over 25 years of industry experience, ranging from general P&C to construction and contractor specialisation. Reedie joins HDI Global from Ecclesiastical ... Read the full article
Santam receives approval to launch UK-based Lloyd’s syndicate
23rd July 2025
Santam Limited, one of South Africa’s general insurers, has received in-principle approval from Lloyd’s of London—a re/insurance marketplace—to establish a Lloyd’s syndicate in the United Kingdom. This approval is subject to Santam meeting Lloyd’s operational start-up requirements. The necessary regulatory approvals have also been obtained in South Africa, and final permission ... Read the full article
DARAG Group expands UK claims services through new partnership with Unipol Assicurazioni
23rd July 2025
DARAG Group, a legacy acquirer with a focus on the European market, has signed a service agreement with Italian insurer Unipol Assicurazioni S.p.A. (Unipol). Unipol Assicurazioni is the parent company of the Unipol Group, one of the larger insurance providers in Europe and the dominant player in Italy’s non-life insurance sector, ... Read the full article
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