Reinsurance News
Low NFIP uptake in rural areas to limit insured losses from deadly Texas flooding: Aon
11th July 2025
Given the low NFIP take-up rates across rural areas, Aon has noted that the recent deadly Texas flooding is not likely to be a major insured industry loss event, though total economic losses may still reach into the billions of USD. As widely reported by major news outlets around the world, ... Read the full article
London market re/insurers confident in meeting full-year targets: Berenberg
11th July 2025
Re/insurers in the London market remain confident in achieving their full-year targets, supported by rational pricing, improving capital allocation, and investments in AI and private markets — despite ongoing economic and geopolitical uncertainty, according to equity analysts at Berenberg. The analysts shared their insights following meetings with a number of re/insurers ... Read the full article
Hail responsible for 55% of solar PV weather claims in North America: AXIS Capital
11th July 2025
A new report from AXIS Capital Holdings Limited reveals that hail accounts for 55% of the total gross claims related to natural catastrophes and extreme weather for solar photovoltaics (PV) in the US and Canada. AXIS's Global Energy team has published a report, "Solar vs. Hail Pivoting Away From Danger", to ... Read the full article
Flood Re strengthens senior executive team with three appointments
11th July 2025
The Board of the UK flood reinsurance scheme, Flood Re, has appointed Latinka Pilipovic as Chief Financial Officer (CFO) and Board member, effective August 1st, 2025, subject to regulatory approval. Simultaneously, Dan Byrne, the Chief Risk Officer (CRO), has been promoted as Chief Commercial Officer and Max Bero, currently Director of ... Read the full article
Reinsurance pricing remains near historic highs as 2025 market holds firm: AM Best
11th July 2025
In a recent briefing hosted by AM Best, titled “Reinsurance: What Lies Ahead?”, industry leaders gathered to examine the state of the reinsurance market at mid-year 2025 and offer insights into how the rest of the year might unfold. The panel included Jim Williamson, President & CEO of Everest Group; Greg ... Read the full article
WTW grows Bermuda team with Thibault addition as Director, ICT
11th July 2025
WTW, a global advisory, broking and solutions company, is expanding its Bermuda office with the appointment of Cédric Thibault as Director to its Insurance Consulting and Technology (ICT) business. Thibault joins WTW with two decades of experience in both life and annuities, insurance and reinsurance, including strong expertise in the Bermuda ... Read the full article
Shaw named CCO for Everest International Insurance Operation
11th July 2025
Global insurer and reinsurer, Everest has announced the appointment of Mark Shaw as Chief Commercial Officer for its International Insurance Operation. Shaw will report to Adam Clifford and Jason Keen, Co-Leads of Everest Insurance International®, and will continue to serve on the Global Broking team under the leadership of Anthony Izzo, ... Read the full article
Faerestrand to spearhead LSM’s launch into UK HNW market
11th July 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched its High Net Worth (HNW) offering in the UK with the appointment of Benjamin Faerestrand as Household Underwriter. Based in London, Faerestrand will be reporting to James Garthwaite, Senior Underwriter, Fine Art & Specie (FAS). The executive's new role will ... Read the full article
Allianz appoints new leaders to drive growth in UK commercial insurance
11th July 2025
Allianz Commercial, an insurance and financial services provider, has announced two permanent leadership appointments within its UK commercial division. These changes, effective immediately, strengthen the company’s focus on delivering high-quality insurance solutions to mid-market and large corporate clients. Graham Stait has been confirmed as Director, UK Markets, after serving in the role ... Read the full article
Bermuda/US re/insurers maintain underwriting profitability amid high cat losses: Fitch
10th July 2025
Fitch has released its Peer Credit Analysis for Bermuda/US re/insurers, revealing that all companies maintained underwriting profitability in 2024, despite increases in combined ratios due to higher catastrophe losses. The peer group includes Arch Capital Group Ltd., SiriusPoint Ltd., Hamilton Insurance Group Ltd., Ascot Group Limited, and RenaissanceRe Holdings Ltd. Looking ahead ... Read the full article
Arch Insurance North America promotes five senior leaders as Division Presidents
10th July 2025
Arch Insurance North America has appointed five of its well-established executives to the newly created roles of Division Presidents, effective August 1st, 2025. Linda Fallon has been named Division President of Consumer Business, which includes the Travel, Accident & Health unit and the Warranty and Lenders Solutions unit. Meanwhile, Mark Lange has ... Read the full article
Global MGA/MGU sector surges to $29.25bn in 2024, Insuramore reports
10th July 2025
Insuramore, a provider of market intelligence for the insurance industry, has released its latest findings on the size and structure of the global managing general agent (MGA), managing general underwriter (MGU), and coverholder market. According to Insuramore’s research, total worldwide revenues earned by these groups reached an estimated USD 29.25 billion ... Read the full article
Roamly gets approved as Lloyd’s of London Coverholder
10th July 2025
Roamly, a digital insurance technology and solutions provider, has been appointed as a Lloyd’s Coverholder. With this approval, Roamly will be able to underwrite and insure customers directly on Lloyd’s balance sheet, along with being backed by the unmatched financial strength and global reputation of Lloyd’s of London. This reflects the highest ... Read the full article
Chubb and Marsh McLennan CEOs call for urgent litigation reform in the US
10th July 2025
In a recent op-ed in the Wall Street Journal, Chubb’s CEO Evan Greenberg and Marsh McLennan’s CEO John Doyle highlight the urgent need for litigation reform, particularly third party litigation funding. The piece argues that this funding mechanism has transformed tort litigation into an investment scheme, driving up insurance costs for ... Read the full article
Rising costs and climate impact shapes claims, says Crawford & Company
10th July 2025
Crawford & Company, an independent provider of claims management and outsourcing solutions to carriers, brokers and corporates, has released its latest Large Loss Claims Review and Outlook. The report provides insights from Crawford’s global operations, highlighting the shifting dynamics of major claims and the urgent need for adaptability across the insurance ... Read the full article
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