Reinsurance News
Alec Raeside joins QBE’s transactional liability team as Underwriter
2nd May 2025
Global insurer QBE is bolstering its Warranty and Indemnity (W&I) offering with the appointment of Alec Raeside as Underwriter, a London based role. Raeside, a qualified corporate solicitor, is joining QBE’s transactional liability team from international law firm White & Case LLP. He brings to his new role over six years of ... Read the full article
Xceedance forms strategic partnership with FurtherAI to transform commercial insurance
2nd May 2025
Xceedance, a provider of insurance consulting, technology, operations, and data solutions, has partnered with FurtherAI, a rapidly growing company specialising in AI Assistants designed for the commercial insurance sector. The collaboration aims to support insurers in modernising their operations by combining cutting-edge artificial intelligence with Xceedance’s in-depth expertise in implementation and ... Read the full article
US motor insurance faces rate deceleration & inflation challenges in 2025: Swiss Re
2nd May 2025
The outlook for the US motor insurance market in 2025 suggests rate deceleration in Personal Auto due to increased competition, alongside sustained social inflation challenges for Commercial Auto, according to Craig Nelson, Senior Treaty Underwriter & Manager, CUO P&C Reinsurance at Swiss Re. In a recent report, Nelson noted that after ... Read the full article
Reinsurance market is more disciplined, says Arch CEO Papadopoulo
2nd May 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of re/insurer Arch Capital Group, believes the reinsurance market is more disciplined, noting that while rate decreases have been seen, they are from the peak of the market—and the sector remains attractive. Speaking during Arch Capital Group’s Q1 2025 earnings call, Papadopoulo said he hasn’t ... Read the full article
UAE based Al-Futtaim Willis to be wholly managed by WTW
2nd May 2025
WTW, an advisory, broking, and solutions firm, stands to gain full managerial control of its United Arab Emirates (UAE) domiciled joint venture, Al-Futtaim Willis (AFW), following Al-Futtaim's decision to sell its 51% stake in the company. The transaction is subject to regulatory approval and is expected to close in the second ... Read the full article
DragonForce ransomware behind M&S cyberattack is a global threat: Killara Cyber CEO
2nd May 2025
The recent cyberattack on M&S is not a UK-centric incident, with the DragonForce ransomware group rapidly emerging as one of the most dangerous threats in the cybersecurity domain globally, according to Rick Welsh, CEO of Killara Cyber. Killara Cyber is the cyber insurance program of Canopy Specialty Insurance. It offers a ... Read the full article
Skyward Specialty posts net income of $42.1m in Q1’25
2nd May 2025
Skyward Specialty Insurance Group reported net income of $42.1 million for the first quarter of 2025, up from $36.8 million in the same period of 2024. The company’s adjusted operating income for the quarter was $37.3 million, compared to $31 million the year prior. Gross written premiums rose 16.7% to $535.3 million ... Read the full article
RGA reports net income of $286m as net premiums dip
2nd May 2025
Reinsurance Group of America, Incorporated, a global provider of life and health reinsurance, has reported Q1 2025 net income of $286 million, or $4.27 per diluted share, compared with $210 million, or $3.16 per diluted share, in the prior-year quarter. The firm's adjusted operating income is reported at $378 million, or ... Read the full article
DiLorenzo named Head of US Casualty for Aon’s Reinsurance Solutions
2nd May 2025
Global professional services firm Aon has appointed Anthony DiLorenzo as Head of US Casualty for Reinsurance Solutions. DiLorenzo assumes the role from Amanda Lyons, who was appointed Aon’s global product leader for Reinsurance Solutions in May 2024 to accelerate the firm's product segment strategy across property, casualty, agriculture, credit, and cyber. In ... Read the full article
Chubb, Zurich, and National Indemnity launch new excess casualty facility
2nd May 2025
Chubb, Zurich North America and National Indemnity have launched a new excess casualty facility that can offer up to $100 million in lead excess casualty insurance capacity on a claims-made basis for large national and multinational companies. According to a joint statement, the facility will provide excess umbrella liability coverage underwritten ... Read the full article
WTW expands US West Coast presence with CFS acquisition
2nd May 2025
WTW, a global advisory, broking and solutions company, has announced the acquisition of CFS International Inc. (CFS), an US West Coast trade credit insurance company, into Willis. CFS was founded in 1990 and specialises in delivering trade credit insurance solutions to global firms. Facing an ever more intricate and competitive global landscape, ... Read the full article
A. J. Gallagher sees net earnings hit $709m in Q1’25 on strong segment growth
2nd May 2025
Global insurance broker A. J. Gallagher & Co. has reported net earnings of $708.9 million for Q1 2025, up from $612.7 million in Q1 2024, driven by improvements in both its brokerage and risk management segments. Gallagher's revenues before reimbursements also increased in Q1 2025, reaching $3.69 billion, up from $3.22 ... Read the full article
There are good opportunities for Arundo Re despite trade war uncertainty: Deputy CEO, Montador
2nd May 2025
Although the ongoing tariff war and resulting inevitable higher inflation will undoubtedly impact all lines of insurance and reinsurance business, French reinsurer Arundo Re’s very strong balance sheet will create opportunities for growth, according to the company’s Deputy Chief Executive Officer (CEO), Laurent Montador. Formerly known as CCR Re, the ... Read the full article
AIG reports Q1’25 NPW of $4.5bn as LA wildfires dent underwriting result
2nd May 2025
Global insurer American International Group (AIG), Inc. has reported strong top-line growth with net premiums written (NPW) for the first quarter of 2025 hitting $4.5 billion, flat year-over-year on a reported basis, although the general insurance (GI) combined ratio deteriorated to 95.8% amid higher catastrophe losses. On a comparable basis, NPW ... Read the full article
Martin Vezina to lead Greenlight Re’s Underwriting Analytics team
2nd May 2025
Greenlight Re, a subsidiary of Greenlight Capital Re, Ltd., has announced the appointment of Martin Vezina as Head of Underwriting Analytics with immediate effect. Based in the company’s Grand Cayman headquarters, Vezina will play an important role in overseeing Greenlight Re’s underwriting analytics and pricing function The executive brings to his new ... Read the full article
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