Reinsurance News
Hannover Re appoints Kai Aschenbach as General Manager
30th June 2025
Global reinsurer Hannover Re has announced the appointment of Kai Aschenbach as General Manager. In his new role, Aschenbach will focus on the consistent implementation of core IT topics and the standardised support and integration of the company’s platforms. He joined Hannover Re in 2022 and most recently served as Head of ... Read the full article
David Petrone to lead MSIG USA Northeast region distribution
30th June 2025
MSIG USA, a provider of specialty insurance solutions, has announced the appointment of David Petrone as Northeast region distribution leader. Petrone will leverage his over three decades of industry experience to drive regional distribution strategy, deepening broker and client relationships, and supporting MSIG USA's underwriting capabilities with market insights and strategic ... Read the full article
MAPFRE RE bolsters senior management with three appointments
30th June 2025
MAPFRE RE, the reinsurance and global risks arm of Madrid-based insurer MAPFRE, has strengthened its senior management with the appointment of Fernando Utrilla Agüero as Deputy Chief Financial Officer (CFO) and José López González as Assistant General Manager of MAPFRE Group Business, effective July 1st, 2025. The pair will report directly ... Read the full article
Chinese non-life insurance sector shows resilience amidst market challenges: Fitch Ratings
30th June 2025
Fitch Ratings, a credit rating agency, reports that China’s non-life insurance sector continues to exhibit strong financial stability, which has supported consistent growth in premiums and improved underwriting outcomes during the first quarter of 2025. According to Fitch Ratings, despite ongoing challenges related to tariff-driven trade tensions, the sector has benefited ... Read the full article
Florida insurance market expands with two new companies amid continued stabilisation
30th June 2025
Florida Insurance Commissioner Mike Yaworsky has announced the addition of two new insurance companies approved to write residential policies in the state, reflecting continued progress in Florida’s insurance market. Since major legislative reforms were enacted, the market has stabilised and expanded, now including 14 new insurers operating within Florida. The state’s domestic ... Read the full article
Trend towards buyer-friendly conditions accelerated at mid-year renewals: Aon
30th June 2025
In its mid-year 2025 reinsurance market dynamics report, Aon has highlighted that the increased availability of property catastrophe reinsurance, combined with greater flexibility from reinsurers, makes this an opportune moment for insurers to reevaluate their protection strategies. As regular readers will know, June 1 and July 1 mark major reinsurance renewal ... Read the full article
Advantage Re joins DIFC’s growing community
30th June 2025
Managing general agent Advantage Re has joined the Dubai International Financial Centre (DIFC), a financial hub for the Middle East, Africa, and South Asia (MEASA). This strategic move brings Advantage Re’s specialised expertise in insurance, reinsurance and risk management solutions to the region and global markets, further solidifying DIFC's position as a prominent ... Read the full article
Amynta Risk Solutions names Michael Coghlan Head of A&H Reinsurance
30th June 2025
Amynta Risk Solutions, an insurance services company with more than $3.5 billion in managed premium, has appointed Michael Coghlan to lead its Accident and Health (A&H) Reinsurance business. Coghlan is an insurance and reinsurance industry veteran with over two decades of experience. He has deep expertise in health re/insurance, risk management, ... Read the full article
SCOR appoints Gilles Nansenet as Global Account Executive
30th June 2025
French reinsurer SCOR has announced the appointment of Gilles Nansenet as Global Account Executive within its Global Client Unit in Paris. Nansenet brings 35 years of experience in the property and casualty reinsurance industry. He joins SCOR after two decades at AXA XL Re, where he most recently served as Market ... Read the full article
Lloyd’s commends removal of Section 899 from US reconciliation bill
30th June 2025
Lloyd’s Chair, Sir Charles Roxburgh, has issued a statement commending the removal of Section 899 from the reconciliation bill by the United States Treasury and Congress, noting that the decision "greatly supports" not only Lloyd’s business in the US but all British companies with interests in the US. Section 899 of ... Read the full article
FortressFire, BMS and EPIC launch Fine Art Wildfire Insurance Program in California
30th June 2025
FortressFire, a provider of wildfire analytics and property-specific protection services, brokers BMS Group and EPIC have come together to launch the Fine Art Wildfire Insurance Program to protect high-value collections in California. This product, officially introduced in June 2025, has been designed for property owners with valuable collections, offering tailored wildfire ... Read the full article
Addresscloud to enhance data delivery for insurers with Martin’s appointment
30th June 2025
Addresscloud, a geocoding and property intelligence expert, has announced the appointment of Tim Martin as Data Director, a move that reinforces the company’s commitment to delivering best-in-class location intelligence to the insurance sector. In his new role, Martin will lead Addresscloud’s data team and drive the development of the company’s scalable, ... Read the full article
M&A insurance payouts hit record highs in 2024, driven by R&W claims: Aon
27th June 2025
Mergers & Acquisitions (M&A) insurance claims payouts have surged in recent years, with 2024 marking the highest year on record for M&A insurance payouts, according to a recent Aon study. The research highlights a significant increase in claims activity related to Representations and Warranties (R&W) insurance, also known as Warranty and ... Read the full article
LexisNexis Risk Solutions introduces new commercial property risk assessment tool
27th June 2025
LexisNexis Risk Solutions, a provider of data and analytics for the insurance industry, has released LexisNexis Location Intelligence for Commercial, a tool aimed at improving the assessment of commercial property risks during underwriting and policy renewal. As severe weather events continue to cause over 65% of property losses in the US, ... Read the full article
Hurricane Erick insured losses expected to be contained: AM Best
27th June 2025
Insured losses from Mexico’s Hurricane Erick, which made landfall last week, are expected to be contained, with parametric insurance contracts unlikely to be triggered, according to a recent report by AM Best. Hurricane Erick made landfall last Thursday morning as a dangerous Category 3 storm, striking Mexico’s southern Pacific coast. It ... Read the full article
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