Reinsurance News
Concert hands Kenneth Carter additional Chief Risk Officer role
20th June 2025
Concert Group, a privately owned insurance holding company, has expanded Kenneth Carter's role in the company to include Chief Risk Officer, along with serving as Chief Claims Officer. Carter joined Concert in October 2024 as Chief Claims Officer, and now will have expanded responsibilities for all aspects of risk for ... Read the full article
ADGM plans to establish Insurance Association in Abu Dhabi
20th June 2025
ADGM has announced plans to establish the Insurance Association within its jurisdiction, marking a key milestone in advancing the insurance and reinsurance sectors both within ADGM and across the United Arab Emirates (UAE). ADGM is an International Financial Centre in the capital of the UAE, operating across Al Maryah Island and ... Read the full article
Send names Chief People Officer to support growth strategy
20th June 2025
Send Technology Solutions Ltd (Send), an insurtech firm, has named Will Sparkes as its new Chief People Officer. The appointment comes as the company looks to formalise and expand its approach to people operations during a period of ongoing growth. Sparkes has held HR roles at both large corporates—including Informa and ... Read the full article
Fitch upgrades QBE ratings, citing strong financial performance
20th June 2025
Credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of QBE Insurance Group Limited to ‘A’ from ‘A-’ and raised the Insurer Financial Strength (IFS) Ratings of its core subsidiaries to ‘AA-’ from ‘A+’. The outlook for all ratings is stable. Fitch pointed to QBE’s improved financial ... Read the full article
AmRisc launches Illinois-domiciled reciprocal insurance exchange
19th June 2025
AmRisc, a subsidiary of CRC Group, has launched an Illinois-domiciled, reciprocal insurance exchange, Calais Reciprocal Insurance Exchange, which has already been assigned a financial strength rating of A- (Excellent) by AM Best. Calais is backed with $100 million of funding that will provide additional capacity for AmRisc's coastal commercial E&S property ... Read the full article
High Court ruling on Russia / Ukraine aircraft test case has credit implications for re/insurers: Morningstar DBRS
19th June 2025
Last week, the High Court of Justice in London ruled in favour of aircraft lessors for the 2021 and 2022 underwriting years, a key development in the ongoing Russia-Ukraine aviation litigation, and one which analysts at Morningstar DBRS warn has potential credit implications for insurers and reinsurers. We reported last ... Read the full article
Q1’25 property claims hit five-year low despite severe weather: Verisk
19th June 2025
According to Verisk’s Quarterly Property Report, claims volume continued to decline in the first quarter of 2025, reaching a five-year low despite significant weather events in several regions. The quarter ended with a total of 1,059,323 claims, comprising 700,394 non-catastrophe (non-CAT) claims—the lowest in five years—and 358,929 catastrophe (CAT) claims. Overall claim ... Read the full article
Mosaic develops hybrid coverage to support orphaned well projects in North America
19th June 2025
Mosaic Insurance, a specialty insurer focused on complex and emerging risks, has introduced a new product aimed at supporting efforts to remediate abandoned and orphaned oil and gas wells across North America. The company’s environmental division has created a hybrid insurance solution that combines elements of pollution and well control coverage. The ... Read the full article
AEGIS London names Sarah Yuile to strengthen International Casualty team
19th June 2025
AEGIS London, a syndicate at Lloyd’s, has named Sarah Yuile as an underwriter in its International Casualty team. This strategic hire reflects the company’s focus on enhancing its underwriting expertise and advancing the growth of its International Casualty portfolio across priority markets. Yuile brings significant experience in the Canadian insurance sector. She ... Read the full article
CNA launches new brand Cardinal E&S
19th June 2025
CNA Financial Corporation has launched Cardinal E&S, a new brand dedicated to the excess and surplus (E&S) market, offering specialised insurance solutions tailored to brokers handling complex, hard-to-place risks. According to CNA, Cardinal E&S will partner with wholesale brokers through its dedicated, specialised underwriting teams focused on casualty, property, healthcare and ... Read the full article
Howden names Patrick De Baets as CEO of Belgium
19th June 2025
Howden, the global insurance and reinsurance broking group, has appointed Patrick De Baets as Chief Executive Officer (CEO) of its Belgium operation, effective immediately. De Baets has over three decades of industry experience, having held senior leadership roles across Belgium and Europe. Most recently, he led Foyer Assurances’ Belgian business, and ... Read the full article
Apollo appoints Steve Portman as Head of Energy
19th June 2025
Apollo has announced the appointment of Steve Portman as Head of Energy, effective June 2025. In his new role, Portman will be responsible for enhancing portfolio growth and strengthening market positioning within the energy division. Based in London, he will report to Simon Mason, Head of Marine, Energy, and Transportation at Apollo. Portman ... Read the full article
Newpoint Re sees GWP rise to $400m in record 2024 results
19th June 2025
Global specialist re/insurer and capacity provider Newpoint Re has reported strong financial performance for the full year 2024, with gross written premiums rising to $400.9 million, a significant increase from $249.4 million in 2023. The firm also saw notable improvement in profitability, with net income reaching $8.4 million, up from $4.7 ... Read the full article
Gallagher Re appoints Anna Dill as EVP
19th June 2025
Global reinsurance broker Gallagher Re has announced the appointment of Anna Dill as Executive Vice President (EVP). Based in Minneapolis, Dill will focus on U.S. large account P&C origination and client advocacy. She brings more than 15 years of experience in legacy liability solutions. Dill joins Gallagher Re from Howden Re, where ... Read the full article
SiriusPoint extends DUPI Nordics partnership into continental Europe
19th June 2025
SiriusPoint Ltd., a re/insurer focused on specialty lines, has announced the expansion of its ongoing relationship with Copenhagen-based Managing General Agent (MGA), DUPI Nordics, into Continental Europe. Since March 2023, SiriusPoint has supported DUPI Nordics by providing capacity for its niche insurance offerings. Initially centred on Brown Water Hull coverage in the ... Read the full article
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