Reinsurance News
Hiscox appoints Jane Guyett as new Senior Independent Director
16th May 2025
International specialist insurer Hiscox has appointed Jane Guyett to the role of Senior Independent Director with immediate effect. Guyett succeeds Lynn Pike following the conclusion of the 2025 Annual General Meeting, at which both Pike and fellow Independent Non-Executive Director Anne MacDonald stepped down from the Board after completing their nine-year ... Read the full article
USAA names Brian Goldman as Chief Risk Officer
16th May 2025
USAA, a provider of insurance, banking, and financial services for military members and their families, has announced the appointment of Brian Goldman as its new Chief Risk Officer, effective May 27th, 2025. With nearly 30 years of experience in global financial services, Goldman brings a strong history of building and enhancing ... Read the full article
Swiss Re posts 16% rise in net income and P&C CoR of 86% for Q1’25
16th May 2025
Global reinsurer Swiss Re generated net income of $1.3 billion for the first quarter of 2025, an increase of 16% year on year with a solid performance across life and health (L&H) and property and casualty (P&C) reinsurance, despite the latter absorbing elevated large loss activity in the period. Within P&C ... Read the full article
Slide secures its largest cat bond yet with $250m Purple Re
16th May 2025
Slide Insurance, a technology-enabled insurance firm, has finalised pricing for its $250 million Purple Re Ltd. (Series 2025-1) catastrophe bond, the fourth and largest issuance from the company to date. The firm confirmed that the Series 2025-1 cat bond was offered in two separate fully collateralised classes of $125 million, ... Read the full article
GTCR partners with Synova to accelerate JMG’s expansion across UK insurance market
16th May 2025
Private equity firm GTCR has signed a definitive agreement to acquire leading UK insurance broker JMG Group, in partnership with existing European mid-market investor Synova. The transaction is expected to close in the third quarter of 2025. Headquartered in Leeds, UK, and founded in 2020 through a partnership between CEO Nick Houghton ... Read the full article
Lloyd’s Q2’25 Market Message: risk awareness, not risk aversion, marks a defining juncture
15th May 2025
As the Lloyd’s marketplace charts its course through a more uncertain environment, Q2 2025’s Market Message came with a clear directive: "We aren’t risk off, but we are risk aware." At the heart of this quarter’s address was Patrick Tiernan, speaking for the final time as Lloyd’s Chief of Markets before ... Read the full article
Kin reports 35% revenue growth in Q1’25, California emerges as key market
15th May 2025
Kin, the direct-to-consumer home insurance company, has announced its financial results for the first quarter of 2025, reporting $47 million in total revenue, up from $34.9 million in Q1 2024, with California emerging as a substantial growth driver during the quarter. Sean Harper, Kin Founder and CEO, said: "We're starting 2025 ... Read the full article
West’s 103.9% CoR for 24-25 FY impacted by elevated IG Pool claims
15th May 2025
West of England P&I Club, an insurance provider to the global maritime and offshore industries, has delivered strong results for the 2024-25 financial year amid market challenges. The firm's combined ratio of 103.9% for the year was impacted by elevated International Group (IG) Pool claims, but despite this, West’s own claims ... Read the full article
AM Best supports EU nat cat insurance proposal but stresses need for greater clarity
15th May 2025
AM Best, the credit rating agency, has expressed cautious support for a new European Union proposal to create a public-private reinsurance scheme focused on natural catastrophe risks. While the credit rating agency sees potential benefits for the insurance sector across the bloc, it emphasises that many of the plan’s essential details ... Read the full article
Allstate estimates cat losses for April at $594m
15th May 2025
The Allstate Corporation has revealed estimated catastrophe losses for April 2025 of $594 million or $469 million, after-tax. According to the firm, catastrophe losses for April 2025 included 11 events, with approximately 60% of the losses related to two geographically widespread wind and hail events. In comparison, Allstate's catastrophe losses in ... Read the full article
Rokstone names Stephanie Belcourt Head of Complex Claims
15th May 2025
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Stephanie Belcourt as Head of Complex Claims. The appointment reiterates the continued investment in the claims provision, which aligns with Rokstone’s strategic growth as it enters new lines to diversify its expansive portfolio. Rokstone now has a 16-strong ... Read the full article
AIG appoints Angelo Colombo as CEO, Latin America and the Caribbean
15th May 2025
Angelo Colombo has been appointed as Chief Executive Officer of American International Group (AIG) Latin America and the Caribbean (LAC), effective June 2, 2025, subject to regulatory approval. Colombo joins AIG from Swiss Re Corporate Solutions, where he most recently served as Regional CEO of Latin America. He holds over 20 years ... Read the full article
AI & machine learning potential untapped in actuarial and risk management, LMA finds
15th May 2025
According to a recent survey by the Lloyd’s Market Association (LMA), the full potential of artificial intelligence (AI) and machine learning (ML) in actuarial and risk management remains untapped, with significant progress still needed in their adoption and utilisation. The LMA's survey, conducted in partnership with Barnett Waddingham, found that scepticism ... Read the full article
AXA XL bolsters Indian team with several senior appointments
15th May 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has strengthened its Indian Branch with the appointments of Saurabh Bhootara, Priya Manchanda, Vinod Kumar, Saumitra Sharma, and Akash Jain in Mumbai. The additions follow the recent appointment of Alok Shukla as the Chief Executive ... Read the full article
Conduit Re continues to evolve reinsurance strategy amid desire to reduce volatility: CEO
15th May 2025
Conduit Re, a Bermuda-based reinsurer specialising in property, casualty, and specialty lines, has made some notable changes to its outward reinsurance strategy, aiming to better shield its portfolio from increasingly volatile secondary perils such as wildfires, floods, and convective storms. The new CEO Neil Eckert ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
