Reinsurance News
Policies ceded to Flood Re hit record high in 2024/25
21st July 2025
Flood Re, the UK government-backed scheme funded by the insurance industry to improve access to affordable flood insurance, has reported a record 20% increase in policies ceded, reaching 346,200 for the year ending 31 March 2025. Now in its tenth year, Flood Re has helped over 660,000 households secure flood insurance ... Read the full article
Only 3 in 10 aviation executives confident their strategies can manage future risks, finds WTW
21st July 2025
According to a recent report from Willis Towers Watson (WTW), just three out of ten aviation executives believe their current strategies will be sufficient to handle the emerging risks facing the industry over the next decade. The study, which surveyed 130 senior aviation leaders, found that only half feel confident that ... Read the full article
James River adds Langenburg as CIO, promotes Zaharris to Chief Claims Officer
21st July 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Valdean Langenburg as its new Group Chief Information Officer (CIO), while Justin Zaharris has been promoted to Group Chief Claims Officer. The pair will report to Frank D’Orazio, Chief Executive Officer, James River. Langenburg succeeds Thomas Peach, who retired on July ... Read the full article
AM Best downgrades Cowen Re’s issuer credit rating
21st July 2025
AM Best has downgraded Cowen Reinsurance S.A.’s (Cowen Re) Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb+” (Good) and affirmed its Financial Strength Rating of B++ (Good). The credit rating agency has also maintained the under review with negative implications status for these ratings. The ratings reflect Cowen Re’s balance sheet ... Read the full article
Peter Hugger joins Stonefort as Member of the Board & Executive Advisor
21st July 2025
Stonefort Group, a reinsurance specialist headquartered in Luxembourg, has announced the appointment of Dr Peter F. Hugger as Member of the Board of Directors & Executive Advisor. Hugger brings to his new role over three decades of leadership experience in the global reinsurance sector, having held C-level roles in Malaysia, Singapore ... Read the full article
European insurers positioned for strong year-end, according to S&P
18th July 2025
European insurers are expected to close the year in a solid position, supported by resilient underwriting results, robust capital buffers, and effective strategic adjustments across the sector, according to a midyear report by S&P Global Ratings, a provider of independent credit ratings, research, and analytics. In its latest publication, European Insurance ... Read the full article
Willis names Lockner as Strategic Client Advisor, North American AAIS team
18th July 2025
Willis, a WTW business, has appointed Cecelia Lockner as Senior Director, Strategic Client Advisor within the North American Alternative Asset Insurance Solutions (AAIS) division. The appointment aligns with Willis’ strategy to provide insurance solutions grounded in deep industry expertise with a focus on client outcomes. Lockner brings over 15 years of experience ... Read the full article
Pen Underwriting extends SiriusPoint partnership into PI
18th July 2025
Pen Underwriting, a specialist underwriting agency in the UK, has expanded its partnership with global re/insurer SiriusPoint through a new capacity deal in support of international professional indemnity (PI) risks. As per the terms of the agreement, SiriusPoint will have 100% capacity for Pen’s international PI portfolio, with its dedicated London ... Read the full article
Casualty insurers to be impacted by Los Angeles wildfires: Moody’s
18th July 2025
The insurance industry is bracing for a multi-million dollar impact, with casualty insurers facing significant liabilities from various potential triggers following the devastating wildfires that impacted Los Angeles in January 2025 - which burned over 50,000 acres and 20,000 structures and claimed 30 lives - according to a recent report ... Read the full article
LSN Ré Walbaum names Heroui Director of P&C Reinsurance
18th July 2025
French reinsurance broker, LSN Ré Walbaum, has announced the appointment of Lynda Heroui as Director of P&C Reinsurance, who will be reporting to Benoît Butel, the company’s President. LSN Ré Walbaum, a subsidiary of the LSN Assurances group, offers comprehensive and innovative reinsurance solutions, providing services in both non-life and personal ... Read the full article
Tonga renews parametric reinsurance with PCRIC to boost disaster resilience
18th July 2025
The Kingdom of Tonga has strengthened its disaster risk financing by renewing its parametric reinsurance policies with the Pacific Catastrophe Risk Insurance Company (PCRIC), which includes a significant increase in the government’s premium contribution, from USD 125,000 to USD 1 million. This renewed policy is expected to provide comprehensive coverage of ... Read the full article
Mosaic Insurance adds three senior industry leaders to Advisory Board
18th July 2025
Mosaic Insurance, a specialty insurer focused on complex and emerging risks, has strengthened its Advisory Board with the addition of senior industry leaders Peter Breitstone, George Hanna, and Tom Kim for strategic growth. The trio will focus on market engagement, innovation, strategy, and thought leadership throughout the firm. This follows the appointment ... Read the full article
Multi-stakeholder approach key to narrowing nat cat protection gap: G20 South Africa side event
18th July 2025
Addressing the widening natural catastrophe insurance protection gap requires a multi-stakeholder approach, including public-private partnerships, investments in risk reduction and resilience, and innovative insurance solutions, according to keynote speakers at a G20 South Africa side event in Durban. The protection gap poses a global challenge, affecting both advanced and emerging market ... Read the full article
WTW’s Fannin named Head of Corporate Actuarial & CRO for Hannover Re UK Life Branch
18th July 2025
Nicola Fannin has been appointed General Manager, Head of Corporate Actuarial and Chief Risk Officer for Hannover Re UK Life Branch. Fannin is succeeding Rael Davis, who was appointed Chief Financial Officer for the Hannover Re UK Life Branch on 1 November 2024. The executive brings over 21 years of industry experience ... Read the full article
Price Forbes adds construction coverage to expanding Lectio facility
18th July 2025
Specialty insurance broker Price Forbes has announced the latest extension of its exclusive underwriting facility, Lectio, which now includes construction and builders risk coverage. This move broadens the scope of the facility, further enhancing its ability to support complex risks across multiple industries. The newly added coverage applies to short-term construction projects ... Read the full article
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