Reinsurance News
EPIC names Sean Jackson as Global Leader to expand international collaboration
30th April 2025
EPIC Insurance Brokers and Consultants, a US-based retail property and casualty insurance brokerage and employee benefits consulting firm, has announced the appointment of Sean Jackson as Managing Principal and Global Leader. In this newly elevated role, Jackson will work to strengthen relationships with international broker partners and drive deeper collaboration between ... Read the full article
Iberian Peninsula power outage could drive insured losses of €300m+
30th April 2025
Morningstar DBRS has indicated that the financial losses related to insurance claims from the severe power outage in the Iberian Peninsula will be manageable, with insured losses estimated between €100 million and €300 million in Spain, and significantly lower amounts expected in Portugal. Although the cause of the outage remains unknown, ... Read the full article
DIFC re/insurance GWP hit $3.5bn in 2024
30th April 2025
The Dubai International Financial Centre's (DIFC) re/insurance business increased by 35% as gross written premiums (GWP) hit $3.5 billion, generated by 125 insurance-related entities in 2024, compared to $2.6 billion in 2023. The Middle East insurance sector is thriving and well-positioned to continue expanding through heavy regional investment in mega tourism, ... Read the full article
Vantage appoints Livingstone as SVP for Credit, Mortgage, & Structured Re/Insurance
30th April 2025
Vantage Group Holdings, a specialty insurer and reinsurer, has announced the appointment of Paul Livingstone as Senior Vice President for Credit, Mortgage, and Structured Re/Insurance. In his new role, Livingstone will lead the expansion of Vantage’s credit risk re/insurance business, focusing on identifying opportunities to diversify its portfolio. He will report to ... Read the full article
Brown & Brown records Q1’25 revenue growth of 12% to $1.4bn
30th April 2025
Insurance brokerage Brown & Brown, in its unaudited 2025 first quarter results, reported revenue growth of $146 million, or 11.6% to $1.4 billion, under US GAAP, compared to total revenues of $1.2 billion in Q1’24. For Q1’25, the firm's income before income taxes was $427 million, a 17.3% increase from the ... Read the full article
AXA XL expands cyber insurance solutions for SMEs with key appointment
30th April 2025
AXA XL, a re/insurance provider, is broadening its cyber insurance offerings for small and midsize enterprises (SMEs) by appointing Michelle Aliperti as Head of SME for the Americas. Based in New York, Aliperti will report to Michelle Chia, the Chief Underwriting Officer for Cyber, Design, and Select Professional at AXA XL. Aliperti ... Read the full article
Andrew Weare named Lead Underwriter Mining for HDI Global SE
30th April 2025
HDI Global SE, the Corporate & Specialty Division of the Talanx Group, has announced the appointment of Andrew Weare as new Lead Underwriter Mining, succeeding Matthew Johnson who is retiring. In his new role, Weare, who has been with HDI Global for more than seven years, will report directly to Rafael ... Read the full article
Generali CEO Philippe Donnet to serve for another three-year term
29th April 2025
The Board of Directors of Italian insurance giant Generali has elected Philippe Donnet as Managing Director (MD) and Group Chief Executive Officer (CEO) for another three-year term. At a meeting held yesterday, the Board elected, for the three-year period 2025-2027, Andrea Sironi as Chairman and Donnet as MD and CEO, who ... Read the full article
Earnix to acquire GenAI platform Zelros
29th April 2025
Earnix, the artificial intelligence (AI) platform for insurance, has signed a definitive agreement to acquire Zelros, a generative AI player for insurers and banks. Through combining Earnix’s advanced predictive AI platform with Zelros’s GenAI recommendations engine, the move aims to bring predictive, generative, and agentic AI across risk decisioning, personalisation, and ... Read the full article
Premiums set to rise unless governments act on climate risk, says Zurich
29th April 2025
With the costs from extreme weather and natural catastrophes rising, Zurich Insurance has released a report highlighting the urgent need for action from governments, insurers, and communities to collaboratively build climate resilience. According to the firm's report, the past decade has seen $2 trillion in economic losses due to extreme weather ... Read the full article
Aspen reports increased GWP in unaudited Q1’25 results
29th April 2025
Aspen Insurance Holdings Limited has released its unaudited results for the first quarter of 2025, reporting an increase in gross written premiums (GWP) alongside a notable decrease in profitability. The Bermuda-based re/insurer reported GWP of $1.287 billion for Q1 2025, up from $1.231 billion in the same period last year. Year on ... Read the full article
American Integrity could get proceeds of up to $106.25m from IPO
29th April 2025
American Integrity Insurance Group has launched the roadshow for its proposed initial public offering (IPO) of 6,875,000 shares of common stock, with the company intending to use the net proceeds for general corporate purposes, which may include contributing capital to its insurance subsidiary. The IPO price is expected to range between ... Read the full article
James River appoints Bob Zimardo as SVP, Investments and Investor Relations
29th April 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Bob Zimardo as Senior Vice President (SVP), Investments and Investor Relations. In the new role, he will report directly to Sarah Doran, Chief Financial Officer, and be responsible for investments and investor relations activity. Zimardo has over two decades of experience ... Read the full article
Cincinnati posts net loss of $90m in Q1’25
29th April 2025
Cincinnati Financial Corporation has reported a net loss of $90 million for the first quarter of 2025, compared with net income of $755 million for the same period a year earlier. The loss was driven in part by a $56 million after-tax reduction in the fair value of equity securities still ... Read the full article
Brace appoints Amie Townsend as Senior Underwriter
29th April 2025
Brace UK & Europe, a specialist underwriter focused on multi-line and alternative risk solutions and backed by Beat Capital Partners, a subsidiary of Ambac Financial Group, Inc. has appointed Amie Townsend as Senior Underwriter. The appointment is effective immediately. Townsend will be based in London and will report directly to Martin ... Read the full article
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