Reinsurance News
Aspida Re completes second reinsurance transaction in Japan
15th July 2025
Bermuda-based life and annuity reinsurer Aspida Life Re has completed its second reinsurance transaction in Japan, effective June 1, 2025, marking a key milestone in its global expansion strategy. The deal was executed with a highly rated Japanese life insurance carrier, under which Aspida Re will reinsure new and incoming flow ... Read the full article
Starr appoints PeiQi Lee as Head of Casualty, Asia Pacific
15th July 2025
Starr Insurance has announced the appointment of PeiQi Lee as Head of Casualty, Asia Pacific. Based in Starr’s Singapore office, Lee will manage all technical underwriting within the Asia Casualty team and drive profitable growth across the region. She brings over 15 years of industry expertise to the role, with a strong ... Read the full article
McLarens names Danny Miller Chief Global Strategy Officer
15th July 2025
Global claims services provider McLarens has announced the appointment of Danny Miller as Chief Global Strategy Officer (CGSO), a newly created role within the firm’s Global Management Team (GMT). In his new role, Miller will focus on long-term strategic planning, evaluation of M&A opportunities, and enterprise-level initiatives that further strengthen McLarens’ ... Read the full article
Insurance fronting model shifts from scale to operational excellence: Conning
15th July 2025
The insurance fronting model is rapidly maturing, moving beyond a race for scale to a focus on operational excellence, according to a recent report by Conning. This shift comes amid significant growth, increasing challenges, and a market shakeout within one of the property-casualty insurance industry’s fastest growing sectors. The report, Fronting Model ... Read the full article
MSIG Malaysia appoints Ang Yien Chia as CEO
15th July 2025
MSIG Insurance (Malaysia) Bhd has announced that Chua Seck Guan, its Chief Executive Officer (CEO) since March 30th, 2010, retired on July 2nd, 2025, after a career spanning 42 years in the insurance industry, including 15 years at the firm. Following this, Ang Yien Chia succeeded him as the new CEO ... Read the full article
Soft market conditions persist in renewable energy sector due to extra capacity: Willis
14th July 2025
According to the latest Renewable Energy Market Review by insurance broker Willis, a WTW business, the renewable energy market remains soft due to an oversupply of capacity, which is intensifying competition among insurers and continues to drive pricing downward. Despite ongoing global pressures and softening market conditions, optimism is anticipated to ... Read the full article
Global insured cat losses could reach $90bn in H1’25, second-highest on record: Jefferies
14th July 2025
Global insured catastrophe losses in H1 2025 could reach as high as $90 billion, according to Jefferies, making it the second-highest first-half total on record. This projected figure sharply exceeds both the $58 billion recorded in H1 2024 and the five-year average of $55 billion. The elevated losses were driven primarily ... Read the full article
L&G completes £800m buy-in with Honda Group, UK Pension Scheme
14th July 2025
UK insurer Legal & General Assurance Society Limited (L&G) has completed a c.£800 million buy-in with the Honda Group, UK Pension Scheme (the Scheme). This secures the retirement benefits of over 1,700 retirees and over 3,000 deferred members. The Scheme is a longstanding client of L&G’s Asset Management business, and hence, ... Read the full article
Gallagher UK names Sarah Lyons Specialty CEO
14th July 2025
Gallagher UK has announced the appointment of Sarah Lyons as Specialty CEO, a London-based role. In her new role, Lyons will lead 1400 colleagues in the Specialty division, which support large clients across the globe with their insurance and risk management needs. The executive, who has two decades of industry experience, has ... Read the full article
ICEYE launches Flood Rapid Impact to deliver timely, actionable flood intelligence
14th July 2025
ICEYE, a provider of satellite-based disaster response technologies, has introduced Flood Rapid Impact (FRI) — a new solution designed to provide automated, near-real-time flood data to emergency response teams, energy providers, insurers, and financial institutions. FRI supplies critical information about floodwater extent within 6 to 12 hours of the earliest signs ... Read the full article
BMS appoints Cory Wilson as Director to strengthen Canadian retail division
14th July 2025
BMS, an independent insurance and reinsurance broker, has strengthened its Canadian Retail division with the appointment of Cory Wilson as Director. Wilson will join the Canadian Retail team and report directly to Dan Reid, Managing Director of BMS Canada. In his new role, he will lead the ongoing strategic development of BMS’s ... Read the full article
Turkish non-life insurance sector gradually stabilising amid stronger pricing: Fitch
14th July 2025
Fitch Ratings, a credit rating agency known for its comprehensive financial analysis and market insights, has provided an updated outlook on the Turkish non-life insurance sector. Their latest report highlights a cautious yet optimistic path toward market stabilisation, driven by improved pricing strategies and high interest rates that are expected to ... Read the full article
Liberty Specialty Markets launches crypto insurance for financial institutions
14th July 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched a new insurance product tailored for financial institutions operating in the cryptocurrency market. The product was developed in response to growing demand from the financial sector, which faces ongoing uncertainty due to rapid macroeconomic, regulatory, and technological changes—such as ... Read the full article
Miller names Shim as Head of Specialty for newly launched Korean marine team
14th July 2025
Miller, the independent specialist insurance and reinsurance broker, has launched its Korean marine unit with four senior hires to further build out its operations in the region, and has hired KyungSeop (KS) Shim to lead the team as Head of Specialty. In the new role, Shim will initially focus on building ... Read the full article
CyberCube releases latest version of catastrophe model, PMv6
14th July 2025
CyberCube, a provider of cyber risk analytics, has announced the launch of Portfolio Manager Version 6 (PMv6), the latest version of its catastrophe modelling platform. This new version has been designed to reflect the cyber insurance market’s evolution into a global entity, incorporating advance modelling for international exposures and explicitly factoring ... Read the full article
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