Reinsurance News
AXA XL appoints Sylvain Bouteillé as CUO for Specialty Americas
28th July 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Sylvain Bouteillé as Chief Underwriting Officer (CUO) for Specialty Americas. Based in New York, Bouteillé will report to Donna Nadeau, Head of Large Commercial, Americas. In this role, he will oversee the ... Read the full article
Malawi receives over $3.3m insurance payout from ARC, addressing drought impacts
28th July 2025
The Government of the Republic of Malawi has received a total insurance payout of USD $3,376,783 from the African Risk Capacity (ARC) Group, a specialised agency of the African Union that helps member states manage the risks associated with extreme weather events and natural disasters. This payout follows a severe drought ... Read the full article
Dubai’s DIFC record growth strengthened by insurance-related firms
28th July 2025
The Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA), has announced its best-ever performance for the first half of a year, with the insurance sector taking a prominent lead. DIFC saw a record 1,081 new active registered companies join the Centre ... Read the full article
Coalition adds Holder and Mullett to support regional brokers in the UK
28th July 2025
Coalition, an active insurer focused on preventing digital risks, has appointed James Holder as a Senior Business Development Manager based in the border of South Wales/England, and Sam Mullett as a Production Underwriter based in Birmingham. Coalition’s UK team continues to grow as it nears the end of its third year ... Read the full article
Barents Reinsurance settles with PRA over £1.8m post-Brexit compliance fine
28th July 2025
Barents Reinsurance S.A. (Barents) has acknowledged the Final Notice issued by the Prudential Regulation Authority (PRA) regarding breaches related to post-Brexit compliance in its London Branch (now in supervised run-off) between July 2021 and October 2023. The PRA fined Barents a reduced amount of £1,785,000 due to certain governance and reporting ... Read the full article
Aon names Eric Seyfried as MD within Cyber Solutions group
28th July 2025
Global insurance and reinsurance broker Aon has announced the appointment of Eric Seyfried as Managing Director (MD) within its Cyber Solutions group. Based in New York City, Seyfried will report to Brent Rieth, Global Cyber Leader at Aon. He will also serve as a strategic advisor on the Cyber Solutions leadership ... Read the full article
Consilium expands Global Cedant Fac offering with new Singapore office to be led by Drysdale
28th July 2025
Consilium, the global specialty re/insurance broking business of the Aventum Group, has expanded its Cedant Facultative Risk Solutions team with the launch of a new Singapore office, subject to regulatory approval. The Singapore office's development will be led by Rob Drysdale as Chief Executive Officer of Consilium Cedant Fac Asia. He ... Read the full article
Reinsurance pricing softens, but market discipline holds firm, says Autonomous
28th July 2025
Autonomous, an independent research firm known for in-depth financial analysis across re/insurance sectors, has provided a detailed update on the state of the European reinsurance market following the completion of the key 1 July renewal period. Their latest assessment points to a softening in pricing after several years of steep rate ... Read the full article
Chaitali Roy to lead MNK Group Holdings’ risk and regulatory initiatives
28th July 2025
MNK Group Holdings, a global independent insurance and reinsurance conglomerate, has announced the appointment of Chaitali Roy as Group Executive Managing Director – Risk and Regulation. She will also join the Group Executive Board and report directly to the Group Chief Executive Officer. In her new position, Roy will be responsible for ... Read the full article
Bridgehaven expands into European MGA market with SureStone acquisition
28th July 2025
Bridgehaven Europe Holdings Limited (Bridgehaven), a UK-based hybrid insurer focused on commercial and specialty lines, has entered into an agreement to acquire SureStone Insurance DAC (SureStone), a Dublin-based insurer, for an undisclosed fee. SureStone will become Bridgehaven’s first European Subsidiary to underwrite EU risks through the rapidly evolving MGA market—expected to ... Read the full article
SMABTP and MACSF to acquire 100% of Arundo Re’s capital
28th July 2025
A consortium formed by the SMABTP and MACSF groups has finalised an agreement to acquire 100% of the capital of Arundo Re (formerly CCR Re). This transaction marks the full exit of Caisse Centrale de Réassurance (CCR) from the capital of France's second-largest private reinsurer. In 2023, SMABTP and MACSF acquired ... Read the full article
Volante Global appoints Demian Smith as new Group CEO
28th July 2025
Volante Global, an international Managing General Agent (MGA) and Lloyd’s Syndicate owned by global fintech Acrisure, has appointed Demian Smith as its new Chief Executive Officer (CEO), subject to current contractual obligations and regulatory approval. Smith started his re/insurance industry career in 1995, and has since successfully built and transformed businesses across ... Read the full article
PERILS lifts industry loss estimate for windstorm Éowyn to €747m
28th July 2025
Zurich-domiciled catastrophe insurance data provider, PERILS, has upped the industry loss for its third estimate for extratropical windstorm “Éowyn”, also known as “Gilles”, to €747 million from €696 million in April. The third estimate compares to the previous loss estimates of €619 million in March, six weeks post the ... Read the full article
Eventual raises $7.5m to bring stability to US real estate insurance
28th July 2025
Eventual, a company focused on improving financial stability for real estate owners, has announced that it has raised $7.5 million in funding and introduced Premium Lock, a product designed to provide long-term predictability for property insurance premiums. This development addresses ongoing issues in the American property insurance market, which has become ... Read the full article
IUA adds Newman to secretariat team, HDI Global SE’s Osborne joins Board
28th July 2025
The International Underwriting Association (IUA), which represents London Market insurers and reinsurers, has appointed Evie Newman as an Underwriting and Claims Technician. Simultaneously, the IUA has also announced that Antonia Osborne, Director of Underwriting at HDI Global SE (UK Branch), has joined its Board. Additionally, Westfield Specialty International (Europe) SA has become ... Read the full article
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