Reinsurance News
US tariffs set to slow global economy and insurance premium growth: Swiss Re Institute
9th July 2025
US tariff policy reduces trade and heightens uncertainty, decelerating both economic and insurance premium growth around the world, a recent Swiss Re report has revealed. While current economic data may not yet fully reflect it, consumers and firms have likely already begun to reduce spending and investments due to existing uncertainty, ... Read the full article
Canopius Group names Micia Yong as Head of Property & Specialty Treaty, APAC
9th July 2025
Canopius Group, a leading global specialty and P&C re/insurer, has appointed Micia Yong as Head of Property & Specialty Treaty Asia Pacific (APAC), effective July 4th, 2025. She will be based in Singapore and report directly to Soon Keen (SK) Lee, Chief Executive Officer of APAC and the Middle East and ... Read the full article
ACORD and Howden partner to enhance digital accounting and invoicing standards
9th July 2025
Industry standards body ACORD and Howden, the global insurance and reinsurance broker, have announced that the ACORD Standards for digital accounting and invoicing are live and operational in the UK retail insurance market. This is the first time ACORD digital accounting standards are being used in the UK outside of the ... Read the full article
Diego Cervantes-Knox appointed Group COO at Ocean Re
9th July 2025
Diego Cervantes-Knox is joining Ocean Re, a Barbados-headquartered reinsurer, as Group Chief Operating Officer (COO), effective this September. In his new role, Cervantes-Knox will focus on accelerating growth, scaling operations, and modernizing infrastructure by integrating capital, operations, and innovation within the reinsurer. The executive brings a wealth of experience to Ocean Re, ... Read the full article
Universalis rebrands as Acrisure Portugal following 2023 acquisition
9th July 2025
Portuguese insurance broker Universalis is now officially operating as Acrisure Portugal Insurance Broker, following its acquisition by Acrisure in 2023. The rebrand reflects a deeper strategic alignment with Acrisure’s global identity and signals the company’s next phase of growth. Acrisure Portugal has a national presence with 12 offices, offering insurance solutions ... Read the full article
Amynta combines underwriting units to create integrated healthcare practice
8th July 2025
Amynta Group, an insurance services provider, has announced it is combining its underwriting units, Oryx Insurance Brokerage (Oryx) and Total Program Management (TPM), to create a fully integrated healthcare practice. The combined business will operate as Oryx Healthcare, leveraging the company’s underwriting solutions with a broader offering to serve the needs ... Read the full article
MSIG USA names Laura Meade as Central Region Distribution Leader
8th July 2025
MSIG USA, a provider of specialty insurance solutions, has appointed Laura Meade as Central Region Distribution Leader, reporting to Joseph Fitzpatrick, Head of Distribution, MSIG USA. The appointment aligns with the company's investment in regional leadership to advance broker engagement and client growth strategies. In her new role, Meade will focus on ... Read the full article
QBE North America launches Life Sciences insurance offering
8th July 2025
QBE North America, part of the global insurer QBE, has launched a new Life Sciences insurance product designed to address the complex and evolving risks faced by medical product developers, manufacturers, and distributors. The product provides liability protection across a broad range of classifications, including clinical trials, dental and medical devices, ... Read the full article
Lockton appoints Paul Primavera as National Construction Practice Leader
8th July 2025
Lockton, a privately held insurance brokerage, has announced the appointment of Paul Primavera as National Construction Practice Leader. Based in Los Angeles, Primavera will report to Chris DiLullo, U.S. Industry Practices Leader at Lockton. In his new role, he will build on Lockton’s construction expertise to drive growth, enhance client engagement, and ... Read the full article
Texas floods may cause up to $22bn in economic loss, says AccuWeather
8th July 2025
AccuWeather has estimated that the catastrophic flash flood disaster in Texas has caused an estimated $18 billion to $22 billion in total damage and economic loss. According to the firm, these figures include the cost of search and recovery efforts, the extensive cleanup ahead, insurance claims and impacts on future tourism ... Read the full article
Pro Global launches new solution to manage third-party risk
8th July 2025
Pro Global, an advisor in the specialist insurance sector, has launched Audit-Tech: Vendor Assurance, a practitioner-led, technology-enhanced service that helps insurers navigate growing third-party risk. In an increasingly complex environment, insurers require smarter, scalable, and compliance-focused oversight of third-party vendors. Pro Global’s new solution addresses this need by combining intelligent automation, ... Read the full article
Reinsurance must embrace forward-looking risk strategies, says Mandarin Re’s Arthur Underwood
8th July 2025
Mandarin Re’s Chief Underwriting Officer, Arthur Underwood, is urging the reinsurance industry to adopt a more forward-looking approach to risk evaluation and mitigation, as traditional models struggle to keep pace with fast-emerging threats. “The pace of change is accelerating,” Underwood said. “There is growing uncertainty, less confidence in historical trends, and ... Read the full article
Markus Sayuti appointed Executive Director, Treaty & Retro Division for UIB Asia
8th July 2025
International re/insurance broker United Insurance Brokers Limited (UIB) has announced the appointment of Markus Sayuti as Executive Director, Treaty & Retro Division, UIB Asia, effective 1 July 2025. Sayuti will play a pivotal role, collaborating closely with the company’s Senior Management and business leadership team to foster future growth and profitability ... Read the full article
Dovetailing prospective & retrospective solutions the best use of legacy: Jass, Augment Risk
8th July 2025
In a recent interview with Reinsurance News, Jag Jass, Partner - Retrospective at reinsurance broker Augment Risk, explained that while there will always be a place for larger transactions targeting toxic liabilities and discontinued lines of business, legacy is best used when dovetailing an approach from a prospective and a ... Read the full article
AIG names Pierrick Livet as Head of Multinational, Bermuda
8th July 2025
Global insurer American International Group (AIG) has appointed Pierrick Livet as Head of Multinational, Bermuda. Livet brings over 15 years of insurance industry experience, specialising in complex international programmes and captive structures. He rejoins AIG after previously spending four years with the company (2017–2021), where he served as Senior Multinational Client Executive ... Read the full article
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