Reinsurance News
Gold Standard appoints Howden to assess policies for aviation carbon credit scheme
17th July 2025
Howden, the global insurance and reinsurance broking group, has been appointed by Gold Standard to approve insurance policies that support the eligibility of carbon credits for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). CORSIA is an initiative developed by the International Civil Aviation Organisation (ICAO) to reduce carbon ... Read the full article
mea Platform and ASG partner to automate insurance underwriting
17th July 2025
mea Platform, a provider of intelligent insurance processing technologies and ACORD Solutions Group (ASG), an industry-owned provider of next-generation digital solutions, have entered a strategic partnership to accelerate the adoption of automated underwriting processes and digital data exchange for the global insurance industry. Through this collaboration, mea Platform will integrate with ... Read the full article
Markel Insurance names Chelsea Jiang as Managing Director of Greater China
17th July 2025
Markel Insurance, the insurance division of Markel Group Inc., has appointed Chelsea Jiang as Managing Director of Greater China, reporting to the newly appointed MD of Asia Pacific, Sucheng Chang. Jiang is based in Hong Kong and will oversee Markel's operations in both Hong Kong and Shanghai, driving growth and deepening ... Read the full article
Arch Insurance promotes Chris Fairs as Head of Agency Management, AMAL
17th July 2025
Arch Insurance International, a part of the global Arch Capital Group and a provider of specialty insurance solutions across multiple lines, has promoted Chris Fairs to Head of Agency Management at Arch Managing Agency Limited (AMAL), effective immediately. In his new role, Fairs is responsible for leading the approval process of ... Read the full article
Willis and UEA partner to enhance wildfire risk understanding for insurers
17th July 2025
Willis, a WTW business, has announced a new collaboration with the University of East Anglia (UEA) to deepen understanding of global wildfire risk in response to escalating global threats. This partnership aims to provide reliable scientific insights that enable insurers and reinsurers to stay abreast of a rapidly evolving risk landscape, ... Read the full article
Insurance rates continue to climb in Q2’25, according to Novatae Risk Group
17th July 2025
Insurance rates across the US continued their upward trend in the second quarter of 2025, according to new data released by MarketScout, a national insurance distribution and underwriting company, in collaboration with Novatae Risk Group, a specialty insurance brokerage and risk advisory firm. For commercial insurance, average rates rose by 2.8% ... Read the full article
Warburg Pincus to acquire a majority stake in insurance broker Keystone
17th July 2025
Keystone, an insurance broker and agency network, announced that growth investor Warburg Pincus, will acquire a majority stake in the company. The private transaction’s financial details were not disclosed. According to the announcement, Bain Capital, which launched Keystone in 2020, will retain a minority ownership in Keystone through a new investment ... Read the full article
LMA welcomes UK Gov’s financial services strategy, says Arabella Ramage
17th July 2025
The Lloyd's Market Association (LMA) welcomes the UK Government’s Financial Services Growth and Competitiveness Strategy, which recognises the insurance sector's importance, specifically the role of Lloyd’s of London, according to Arabella Ramage, Legal and Regulatory Director at LMA. The Strategy sets out the government’s ten-year plan to enable the UK to ... Read the full article
Coface receives “in principle approval” to establish short term trade credit syndicate at Lloyd’s
16th July 2025
Trade Credit insurer Coface has received "in principle approval" from the Lloyd's marketplace to establish Syndicate 2546, a new short term trade credit syndicate, which will be managed by Apollo Syndicate Management. Coface Lloyd’s Syndicate 2546 is expected to begin underwriting in 2025 and enables the trade credit insurer to provide ... Read the full article
Capacity & competition put further pressure on prices after 2024 peak: Fitch
16th July 2025
Abundant capacity and intensifying competition among reinsurers are driving softer pricing at the June and July renewals, reinforcing Fitch Ratings’ expectation that market pressures will continue to weigh on prices beyond their 2024 peak. According to the ratings agency, pricing across most reinsurance lines continued to fall at the mid-year renewals, ... Read the full article
CatIQ reduces 2024 Ontario flash flooding loss estimate by 9% to CAD 899m
16th July 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its fifth industry loss estimate for the flash flooding that impacted southern Ontario on 15th and 16th July 2024, estimating CAD 899 million. As a reminder, in July 2024, southern Ontario, including Toronto and the Greater ... Read the full article
Reask introduces global tropical cyclone alert service for insurers
16th July 2025
Reask, a provider of tropical cyclone risk intelligence, has launched a new global alert service aimed at helping insurers and catastrophe modellers track storms before they make landfall. The service uses high-resolution windfield forecasting to give early regional insights into developing tropical systems. Unlike standard agency forecasts, which typically focus on public ... Read the full article
Dale appoints Peter Cordell as Head of North America Casualty
16th July 2025
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Peter Cordell as Head of North America Casualty, effective January 2026. In his new role, Cordell will be based in London and will lead the company’s North America Casualty business. He will report to Ian ... Read the full article
Cyber reinsurance capacity grows by $250m amid 5-15% rate declines in H1’25: Lockton Re
16th July 2025
Lockton Re, a reinsurance broker specialising in cyber risk, has released its update on the cyber reinsurance market for the first half of 2025. Their analysis reveals key trends and movements driven by shifts in pricing, capacity, and underwriting strategies shaping the evolving cyber insurance landscape. Lockton Re reports that the direct ... Read the full article
Aon strengthens reinsurance team with four executive appointments
16th July 2025
Global reinsurance and insurance broker Aon has appointed four senior members to its reinsurance team, including Alfonso Valera as Chief Executive Officer (CEO) of International, Steve Hofmann as CEO of Americas, George Attard as Global Head of Strategy, and Tomas Novotny as Chairman of International. In his new role, Valera takes ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
