Reinsurance News
Mike Reynolds named Group CFO of McGill and Partners
4th September 2025
McGill and Partners, an independent global specialty insurance and reinsurance broker, has announced the appointment of Mike Reynolds as Group CFO, succeeding Dominic Mignon. Reynolds brings nearly 30 years of leadership experience in the insurance industry, and will join the company later in the year, subject to regulatory approval. The executive is ... Read the full article
Swiss Re overtakes Munich Re as top reinsurer by 2024 GPW: S&P
4th September 2025
S&P Global Ratings has released its ranking of the top 40 global reinsurers based on year-end 2024 gross reinsurance premiums written (GPW), with Swiss Re taking the top spot at $43.1 billion, overtaking Munich Re from last year. For reinsurance companies reporting under IFRS 17 that do not publish GPW—such as ... Read the full article
GBLI’s Penn-America Underwriters completes acquisition of Sayata
4th September 2025
Global Indemnity Group, LLC (GBLI) has announced that its subsidiary, Penn-America Underwriters, LLC (PAU), has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations for commercial insurance. The deal supports GBLI’s recent strategic reorganisation of PAU to focus on agency and insurance services. With Sayata, PAU aims to ... Read the full article
Aon names Qin Lu as Head of North Asia
4th September 2025
Aon, a global insurance and reinsurance broking group, has announced the appointment of Qin Lu as Head of North Asia. In this role, Qin will oversee teams across Japan, Korea, Mainland China, Hong Kong, Taiwan, and Macau, uniting them under a single subregion. He will expand his current responsibilities as Head of ... Read the full article
Commissioner Yaworsky penalises insurers $2m+ for misconduct during hurricanes
4th September 2025
Florida’s Insurance Commissioner Mike Yaworsky is penalising eight insurers a combined $2,075,000 for claims-handling violations identified during market conduct examinations for Hurricanes Ian and/or Idalia. Examinations uncovered several instances of misconduct, including using adjusters not properly appointed, failing to acknowledge receipt of claims communications in a timely manner, not including certain ... Read the full article
Moody’s appoints Simon Harris to lead its global Insurance Initiative
4th September 2025
Moody’s has announced the appointment of Simon Harris to lead its Insurance Initiative, aiming to strengthen the firm’s presence and impact in the global insurance sector. In this role, Harris will partner with MA’s Insurance Solutions group and Moody’s Ratings to enhance Moody’s Corporation’s position as a go-to source for insurance ... Read the full article
Tysers and Turkish insurance broker Rönesans announce strategic partnership
4th September 2025
Tysers Insurance Brokers, an independent Lloyd’s broker and member of the Australian AUB Group, has entered a strategic partnership with insurance broker Rönesans Reinsurance & Insurance Brokerage, as part of its expansion across Türkiye and across Central Europe. Under the agreement, Tysers will take an equity stake in Rönesans, strengthening their ... Read the full article
Reinsurance shields Australian insurers from billions in losses: Actuaries Institute
4th September 2025
Australian general insurers spent around AUD2.5 billion on reinsurance last financial year, a strategy that prevented the need for up to AUD70 billion in capital to cover natural disasters and other major claims, according to research from the Actuaries Institute, the professional body representing actuaries in Australia. The Institute’s Dialogue Paper, ... Read the full article
S&P reports MGA growth creates both opportunities and threats for reinsurers
4th September 2025
Reinsurers’ growing reliance on managing general agents (MGAs) represents both opportunity and risk, S&P Global Ratings, a provider of credit ratings and financial analysis, stated ahead of RVS 2025 in Monte Carlo. According to S&P, MGAs enable reinsurers to access specialist risks and distribution channels, but they also create vulnerabilities that ... Read the full article
SEADRIF’s new parametric policy delivers $2m payout to Lao PDR
4th September 2025
The SEADRIF Insurance Company made a payout of $2 million to the Ministry of Finance of Lao PDR on 1st September 2025, under a first-of-its-kind policy that uses official government data on the number of people affected as the sole payout trigger, after 305,196 people were impacted by multiple disaster ... Read the full article
Neville Ching joins Willis Re in Bermuda to support joint venture
4th September 2025
Willis Re, a specialised reinsurance broking joint venture between Bain Capital (BCIS) and WTW, has announced that industry veteran Neville Ching has joined the company in Bermuda to support the firm’s reinsurance joint venture. As a reminder, in December 2024, WTW confirmed its plan to re-enter the treaty reinsurance broking market ... Read the full article
ABIR members see strong growth in 2024, despite elevated claims
4th September 2025
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) recorded a solid performance in 2024, showing a 10% increase in premium written, an 8.5% rise in total equity and gross written premium (GWP) increased to over $188 billion, a record figure, according to a recently published report. ABIR’s Global ... Read the full article
Dale Underwriting Partners to exit offshore energy as a standalone class
4th September 2025
Dale Underwriting Partners, the trading name of Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, a specialist insurer at Lloyd’s of London, has announced it will cease writing Offshore Energy as an independent class of business. The decision to discontinue Offshore Energy as a standalone class follows a strategic review of the ... Read the full article
Stephen O’Flynn named SVP, Underwriter on Ascot Re’s Casualty Treaty team
4th September 2025
Global specialty insurer and reinsurer Ascot Group has announced the appointment of Stephen O'Flynn as Senior Vice President, Underwriter on the Ascot Re Casualty Treaty team in Bermuda. In this role, O'Flynn will report to Sean Ramlal, Head of Casualty and Professional Underwriting at Ascot Re. O'Flynn brings 30 years of industry ... Read the full article
Lockton Re launches Dubai operations
4th September 2025
Lockton Re, the reinsurance business of the independent insurance broker, has launched its Dubai operations, which will be led by Gerard Monayer as Chief Executive Officer (CEO), Lockton Re, Middle East and North Africa (MENA). The move marks the broker's significant investment in the region with the aim to further build ... Read the full article
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