Reinsurance News
US surplus lines market sees continued growth amid P&C pressures: AM Best
15th May 2025
AM Best, a credit rating agency, has released a new report showing continued growth in the premiums generated by non-admitted insurers within the US surplus lines market. This rise in premiums highlights significant opportunities spurred by ongoing challenges in the property and casualty (P&C) sector. The latest Best's Special Report reveals that ... Read the full article
Aon names Lambros Lambrou as Chief Strategy Officer
15th May 2025
Aon, the global insurance and reinsurance broking group, has appointed Lambros Lambrou as its Chief Strategy Officer, where he will be responsible for key Aon Executive Committee initiatives, effective immediately. Aon explains that these initiatives are core to the “Aon United” strategy and 3x3 Plan, including support of Aon’s “independent and ... Read the full article
Markel adds Watson as Senior Underwriter for International War and Terrorism
15th May 2025
Markel Insurance, the insurance arm of Markel Group Inc., has strengthened its International War and Terrorism unit in the US with the appointment of Joshua Watson as Senior Underwriter and Bridget Canderelli as Underwriting Support Specialist. The two appointments aim to support profitable growth across its International War and Terrorism portfolio. Watson ... Read the full article
Aon, GrECo, Marsh & Smartt Re to support PEJ for Poland’s first nuclear project
15th May 2025
Four brokerage firms, Aon Polska, GrECo Polska, Marsh, and Smartt Re, are to support Poland's state-owned SPV Polskie Elektrownie Jadrowe (PEJ) in the purchase of insurance for the country’s first nuclear project in Pomerania, among other operations. The brokers selected by PEJ will handle the company's insurance services and arranging insurance ... Read the full article
Conduit Re seeing opportunity to deploy more capacity into casualty risks
14th May 2025
As the re/insurance market enters into a more competitive phase, it presents Conduit Re with an opportunity to deploy more capacity into casualty risks, Neil Eckert, who was recently appointed as the company’s new CEO, highlighted during the reinsurer’s analyst call following the release of its Q1’25 financial results. “We ... Read the full article
Skyward Specialty names LaFlamme as President, Captives & Specialty
14th May 2025
Property and Casualty insurer Skyward Specialty Insurance Group Inc. has appointed Corey LaFlamme as President, Captives & Specialty Programs, as Kirby Hill becomes Chairman of the segment. The appointment of LaFlamme aligns with the company’s strategic plans to grow in one of the fastest-expanding areas of the market. LaFlamme has over two ... Read the full article
S&P cites Bermuda’s key insurance industry as islands sovereign ratings affirmed
14th May 2025
S&P Global Ratings has affirmed Bermuda’s long-term sovereign credit rating at 'A+' and its short-term rating at 'A-1', with a stable outlook. This reflects expectations of a steady macroeconomic environment underpinned by strong institutional frameworks, prudent fiscal policy, and a high-income economy. The stable outlook indicates S&P's view that Bermuda will maintain ... Read the full article
Canada Life Re had ‘solid growth’ in Q1’25 despite headwinds: CEO Poulin
14th May 2025
Canada Life Reinsurance, part of Canadian headquartered international financial services holding company, Great-West Lifeco, experienced robust year on year growth in the first quarter of 2025 and also reduced its exposure to weather-related catastrophes. Great-West Lifeco generated net earnings of CAD 860 million in the opening quarter of 2025, a strong ... Read the full article
Dan Powers joins Alliant’s Value-Based Healthcare Solutions & Risk Management Solutions practice
14th May 2025
Alliant Insurance Services has announced the appointment of reinsurance expert Dan Powers as Senior Vice President within the Value-Based Healthcare and Risk Management Solutions practice of Alliant’s Employee Benefits Group. Bringing over 20 years of experience in business development, partner strategy, and reinsurance, Powers has been tasked with leading the practice's ... Read the full article
Resilience launches new Cyber Risk Calculator
14th May 2025
Cyber risk solutions company Resilience has launched Cyber Risk Calculator, an AI-powered tool that translates cyber risk into financial terms to provide security and risk practitioners, as well as C-Suite executives, with a common, data-driven language to better understand and quantify their cyber risk. The Cyber Risk Calculator uses industry benchmarks ... Read the full article
S&P downgrades State Farm General Insurance credit ratings on weak underwriting & wildfire impact
14th May 2025
S&P Global Ratings has lowered State Farm General Insurance’s (SFGI) financial strength and issuer credit ratings to 'A+' from 'AA', citing a significant deterioration in the company’s capital regulatory solvency ratios. The ratings remain on CreditWatch with negative implications. CreditWatch is S&P’s system used to indicate that a company's credit rating ... Read the full article
CLARA Analytics introduces AI-enhanced subrogation detection to maximise claim recoveries
14th May 2025
CLARA Analytics, an AI-driven solutions provider for the insurance industry, has rolled out advanced subrogation detection features in its flagship product, CLARA Triage, aimed at helping insurers recover significant funds lost through overlooked reimbursement opportunities. The newly released capabilities are designed to tackle a long-standing industry problem: subrogation opportunities that go ... Read the full article
Compre completes legal transfer of European liability portfolio from Ethias
14th May 2025
Bermuda-domiciled legacy reinsurer Compre Group Holdings Limited has completed an insurance business transfer of a portfolio of European casualty and motor liabilities from Ethias S.A. (Ethias). The transfer follows a prior Ethias Loss Portfolio Transfer (LPT), which took place in 2023, covering approximately €140 million of reserves across the European Union. The ... Read the full article
George Schulz to succeed Tom Dickson as New Energy Risk CEO
14th May 2025
New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has announced the promotion of George Schulz to Chief Executive Officer (CEO), effective June 1. Schulz will be succeeding outgoing CEO Tom Dickson, who is departing the company after more than a decade ... Read the full article
Cyber insurance premiums stabilise in 2025, but market penetration remains below 10% for SMEs: S&P
14th May 2025
Cyber insurance is progressing toward maturity, but key challenges remain, according to insights shared during a recent webinar hosted by S&P Global Ratings, a provider of credit ratings, research, and risk analysis. During the session, titled “The Changing Face of Cyber Insurance,” a panel of S&P Global Ratings analysts and industry ... Read the full article
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