Reinsurance News
Instnt partners with Munich Re to expand fraud insurance capacity
24th June 2025
Instnt, a venture-backed insurance technology company, has announced a strategic partnership with global reinsurer Munich Re to expand reinsurance capacity for its Fraud Loss Insurance product. Instnt developed this solution to address the heavy burden of fraud on businesses, which cost an estimated $485.6 billion globally in 2023. The Fraud Loss Insurance ... Read the full article
Zurich urges stronger climate resilience for Europe’s clean energy infrastructure
24th June 2025
In a recent report, Zurich Insurance Group emphasised the urgent need to strengthen Europe’s clean energy infrastructure against growing climate-related threats, calling for stronger collaboration between the public and private sectors. The report analysed more than 25,000 power generation sites across France, Germany, Italy, Spain, and the UK. Using Climate Spotlight, ... Read the full article
Protecdiv names Sandra Thompson, former FHFA Director, as Independent Board Director
24th June 2025
Protecdiv, an insurance and reinsurance brokerage firm, has announced the immediate appointment of Sandra Thompson, former Director of the Federal Housing Finance Agency, as an Independent Director on its Board. With many years of experience in financial services, regulatory oversight, and corporate governance, Thompson joins Protecdiv as the company continues its ... Read the full article
Tokio Marine HCC teams up with Adaptive Insurance to launch short-term power outage coverage in 18 states
24th June 2025
Adaptive Insurance, a company focused on climate resilience using AI and data to offer climate-based parametric insurance, has entered a partnership with Tokio Marine HCC (TMHCC), a specialty insurance group based in Houston, Texas, and part of the Tokio Marine Group. With TMHCC’s financial backing and specialty insurance experience, Adaptive Insurance’s ... Read the full article
Munich Re’s ERGO expands Nordic presence with the merger of travel and health insurance units
24th June 2025
Munich Re's ERGO Group AG has completed the merger of its Danish travel insurance company, Europæiske Rejseforsikring A/S and its Norwegian health insurance business, ERGO Forsikring AS, formerly known as Storebrand Helseforsikring AS, expanding its presence further in the Nordic market, creating significant growth potential. Following the merger, ERGO is combining ... Read the full article
ILS and collateralised reinsurers dominate Florida Citizens 2025 renewal
24th June 2025
Final lines for Florida Citizens Property Insurance Corporation's 2025 risk transfer programme reveal that insurance-linked securities (ILS) and collateralised markets make up the majority of the new reinsurance placed, and the total tower for the year ahead. Yesterday, we reported that Citizens, Florida's insurer of last resort, had successfully secured ... Read the full article
ICEYE expands capabilities with largest SAR satellite launch to date
24th June 2025
ICEYE, a global leader in Synthetic Aperture Radar (SAR) satellite operations, has successfully launched and deployed six new SAR satellites into orbit, further expanding its constellation and capabilities. ICEYE revealed that satellites in this latest launch were integrated via Exolaunch and were part of the Transporter-14 rideshare mission with SpaceX from ... Read the full article
Jayson Taylor to lead MSIG USA’s casualty business
24th June 2025
MSIG USA, a provider of specialty insurance solutions, has named Jayson Taylor as head of casualty, reporting to CEO Peter McKenna. Since joining the firm in 2024, Taylor has reportedly been instrumental in shaping its innovation agenda, driving the development of data-driven, market-responsive insurance products. "As head of product innovation, he helped ... Read the full article
Miller launches property smart follow facility powered by InsurX
24th June 2025
Miller, the independent specialist insurance and reinsurance broker, has launched MillerBoost, a Property smart follow facility that aims to help brokers and clients move faster and with greater confidence in a rapidly evolving risk environment. MillerBoost combines tracking and algorithmic capacity to deliver speed, precision, and access to A+ rated Lloyd’s ... Read the full article
hyperexponential and Markel partner to transform US & Bermuda insurance pricing
24th June 2025
hyperexponential (hx) , a provider of pricing decision intelligence software for the insurance industry, has announced a collaboration with global specialty insurance provider Markel, to accelerate pricing transformation across the US and Bermuda market. This collaboration expands upon hyperexponential’s established relationship with Markel International. It is also part of a wider ... Read the full article
Robust reinsurance coverage a buffer against Middle East geopolitical risk: Morningstar DBRS
24th June 2025
Firms with robust reinsurance coverage, conservative investment strategies, and proactive enterprise risk management frameworks are better equipped to withstand the volatility stemming from the ongoing hostilities between Iran and Israel, according to Morningstar DBRS. Morningstar DBRS indicated that the Israeli airstrikes on Iranian military and nuclear facilities, followed by Iran’s retaliatory ... Read the full article
Drought triggers £261K parametric payout for Pakistan’s chilli farmers
24th June 2025
A severe drought in Pakistan has triggered a £261,243 parametric insurance payout to Tearfund, directly supporting chilli farmers in the southern region of the country. The payout was triggered by a severe period of hot and dry weather resulting in reduced soil moisture in parts of the country. This innovative parametric product ... Read the full article
MAPFRE USA appoints Mark Pasko as EVP, Counsel and Secretary of US
24th June 2025
MAPFRE USA, the holding company for a number of property and casualty insurance companies, has appointed Mark Pasko as Executive Vice President (EVP), General Counsel and Secretary of US operations, effective July 21st, 2025. In his new role, Pasko will be responsible for MAPFRE’s legal, regulatory and government affairs in the ... Read the full article
Commercial insurance rate increases to moderate in 2025: KBW
24th June 2025
Keefe, Bruyette & Woods, Inc. (KBW), an investment bank and research firm focused on financial services, expects overall commercial insurance rate increases to moderate in 2025 following years of compounding gains across most lines of business. Drawing on detailed pricing data from MarketScout, an industry analytics provider tracking insurance rate trends, ... Read the full article
HDI’s Sutherland appointed Chair of IUA’s Aviation Claims Committee
24th June 2025
The International Underwriting Association (IUA) has announced its Aviation Claims Committee has appointed James Sutherland, from HDI Global SE, as its new Chair, and Paul Lamport of AIG as its new Deputy Chair. Sutherland’s current role at HDI Global SE is as Claims Manager - Transportation & MEPC. The executive has ... Read the full article
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