Reinsurance News
MGA Elevate Specialty launches to revolutionise embedded & specialty insurance
18th August 2025
Elevate Specialty, a new managing general agent (MGA), has officially launched, entering the UK market with a mission to transform embedded and specialty insurance. The company aims to help make protection a seamless part of customers’ lives, moving away from outdated legacy models that “often deliver poor customer experiences and stifle ... Read the full article
Kay Scholz succeeds Martin Pfister as Swiss Re’s Head of Credit & Surety Reinsurance
18th August 2025
Swiss Re has appointed Kay Scholz as its new Head of Credit & Surety Reinsurance, effective 1st January 2026, succeeding Martin Pfister, who will assume the newly created role of Head of PRI and Structured Trade Credit Reinsurance. Scholz has spent the past 18 years at R+V Re in various senior ... Read the full article
RGA and Allianz Suisse complete $350m reinsurance transaction
18th August 2025
Reinsurance Group of America, Incorporated (RGA), an international life and health reinsurer, has completed an asset-intensive reinsurance arrangement with Allianz Suisse Versicherungs-Gesellschaft AG. The agreement transfers market and insurance risks associated with US $350 million in Swiss disability annuity obligations. This marks the first arrangement of its type in Switzerland and ... Read the full article
Aon invests in GLP-1 program specialist eMed
18th August 2025
Aon has invested in eMed Population Health, a provider of GLP-1 programs, to expand employer-sponsored access to GLP-1 therapies and scale obesity treatment solutions. For those unaware, GLP-1 (glucagon-like peptide-1) is a hormone that helps regulate blood sugar and appetite, and GLP-1 drugs mimic its effects to aid in diabetes management ... Read the full article
AIG appoints Hallworth as new Chief Digital Officer
18th August 2025
Global insurer American International Group, Inc. (AIG) has announced the appointment of Scott Hallworth as Chief Digital Officer, effective September 1. Based in New York, Hallworth will joinf AIG’s Executive Leadership Team. He will initially report to Claude Wade, the current Executive Vice President, Chief Digital Officer and Global Head of ... Read the full article
Gallagher closes $13.45bn acquisition of AssuredPartners
18th August 2025
Global insurance brokerage Arthur J. Gallagher & Co. has announced the completion of its acquisition of US insurance broker AssuredPartners. In December 2024, Gallagher entered into a definitive agreement to acquire AssuredPartners from GTCR for a total consideration of $13.45 billion. The transaction is reportedly the largest sale of a U.S. ... Read the full article
AM Best maintains negative outlook on Brazil’s reinsurance market
18th August 2025
Credit rating agency AM Best has announced it is maintaining a negative outlook on Brazil’s reinsurance market segment, citing political uncertainty and tax reform measures that are pressuring the industry’s profitability. The report noted that regulatory restrictions on foreign assets have limited domestic reinsurers’ growth abroad, in addition to the approaching ... Read the full article
BHSI promotes Irfan Esa to Head of National Business, UK
18th August 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has promoted Irfan Esa to Head of National Business in the UK. Esa brings over two decades of experience in the UK insurance industry. He joined BHSI in July 2020 as Manager of National Property, UK. Prior ... Read the full article
Mercury targets growth in higher wildfire risk areas with new California rate filing
18th August 2025
Mercury Insurance, a California-based provider of auto and home insurance, has submitted a rate filing for its California Homeowners program, based on the State's Sustainable Insurance Strategy, to expand coverage in high-risk wildfire zones. The filing is the first to use the recently reviewed Verisk Wildfire catastrophe model, which helps estimate ... Read the full article
Zhibao Technology signs agreement to form joint venture for risk reduction services in China
18th August 2025
Zhibao Technology Inc., a China-based InsurTech company specialising in digital insurance brokerage, has announced that it has entered into an agreement to establish a joint venture with Beijing Zhongfang Hongchuang Technology Company Limited, a wholly owned subsidiary of the China Disaster Prevention Association, and Guangzhou Ruiling Intelligent Technology Co., Ltd., ... Read the full article
Sukoon Insurance names Sandy Warne as Active Underwriter for Syndicate 2880
18th August 2025
Sukoon Insurance has announced the appointment of Sandy Warne as Active Underwriter for Syndicate 2880. Warne brings nearly 30 years of experience in the re/insurance industry, spanning specialty lines insurance broking, underwriting, and reinsurance broking. She joins Sukoon from Howden Re, where she most recently served as Managing Director, Global Specialty and ... Read the full article
Just Group secures £56m full-scheme buy-in for Brother Staff Pension Scheme
18th August 2025
Just Group has completed a £56 million full-scheme buy-in with the Brother Staff Retirement Benefits Scheme, securing the benefits of all 679 Scheme members, comprising 299 pensioners and dependents, as well as 380 deferred members. The scheme is sponsored by Brother International Europe Limited and Brother UK Limited, part of the ... Read the full article
Swiss Re and Berkshire Hathaway top global reinsurer rankings
18th August 2025
New data from AM Best reveals that Swiss Re has taken over from Munich Re as the world's largest reinsurer for companies that report under IFRS 17, with Berkshire Hathaway taking the top spot for non-IFRS 17 reporters, based on year-end 2024 figures. AM Best ... Read the full article
Profitability strong for global emerging market reinsurers: Fitch
18th August 2025
According to Fitch Ratings, the profitability of the global emerging market reinsurer group, which includes Patria, Ocean Re, Eureka Re, Oman Re, and ASR Re, has been strong, with return on equity generally ranging from 5% and 22% over the past two years. Patria is the largest by net premiums written ... Read the full article
Howden Re names Candy Wong as Head of Treaty for Hong Kong
18th August 2025
Howden Re, the global reinsurance broking arm of Howden Group, has appointed Candy Wong as Head of Treaty for Hong Kong, effective August 18th, 2025. The appointment aims to further strengthen Howden Re’s commitment to building a differentiated, client-centric reinsurance platform in and for the Hong Kong market. In her new role, ... Read the full article
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