Reinsurance News
Cowbell partners with Zurich to expand insurance offerings for US SMEs
26th June 2025
Cowbell, a cyber insurance provider focused on small and medium-sized enterprises (SMEs), has expanded its product lineup in the US by launching Zurich Select Plus, a co-branded insurance offering developed in partnership with Zurich North America. Distributed through the E&S channel, the new suite includes Directors & Officers (D&O), Employment Practices ... Read the full article
Citizens CEO hails ‘tremendous’ impact of reforms on Florida’s property insurance market
26th June 2025
Tim Cerio, President, CEO, and Executive Director of Citizens Property Insurance Corporation, has suggested that Florida’s property insurance market is strong and well on the path to recovery, largely due to legislative reforms enacted in 2022. According to Cerio, the firm continues to benefit from improving market conditions driven by recent ... Read the full article
Corebridge & Venerable enter $2.8bn variable annuity transaction
26th June 2025
Corebridge Financial has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, to reinsure all the variable annuities of its Individual Retirement business. Explained, Venerable is set to reinsure approximately $51 billion of variable annuity business from Corebridge's insurance subsidiaries American General Life Insurance Company (AGL) and ... Read the full article
Descartes expands US Flood offer with new parametric product
26th June 2025
Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has launched a new fully customisable Flood-at-Location parametric flood insurance product for US commercial customers. Backed by extensive research in flood modelling and advanced sensor systems, Descartes noted that its new product upends the traditional approach to ... Read the full article
Robert Kennedy to succeed Carl Shuker as CEO, Howden UK & Ireland
26th June 2025
Howden, the global insurance and reinsurance broking group, has announced the appointment of Robert Kennedy as CEO of Howden UK & Ireland, effective 1st October 2025. In this role, Kennedy will report to David Howden, CEO of Howden. Kennedy joined Aston Lark in 2020, which was later acquired by Howden, and currently ... Read the full article
Global executives overestimate their cyber resilience: Beazley
26th June 2025
While more global executives cite cyber risk as their greatest threat this year compared to 2024, 83% say they feel prepared to counter it—up from 74% last year—potentially indicating a false sense of security, as many organisations still lack the sustained vigilance needed for true resilience, according to Beazley’s latest ... Read the full article
AM Best revises Florida Family’s credit ratings outlook to positive
26th June 2025
AM Best has revised the Long-Term Issuer Credit Rating (Long-Term ICR) outlook of Florida Family Insurance Company and its subsidiary, Florida Family Home Insurance Company, to positive from stable, and affirmed the Financial Strength Rating of B++ and the Long-Term ICRs of “bbb”. Both companies, domiciled in Bonita Springs, FL, make ... Read the full article
Wegener succeeds Wölbern as Head of Investment Management at HDI Global SE
26th June 2025
Commercial and specialty lines insurer HDI Global SE has announced the appointment of Dr Christian Wegener as Head of Investment Management. Wegener is succeeding Thorsten Wölbern, who is moving to new challenges within the company after 15 years in the role. In his new role, Wegener has been tasked with further optimising ... Read the full article
MS Amlin appoints Gisela Nilsson as Political Violence Senior Underwriter
26th June 2025
Lloyd's global insurer and reinsurer MS Amlin has announced the appointment of Gisela Nilsson as Political Violence Senior Underwriter. Nilsson brings over 15 years of specialist underwriting experience. She joins from Talbot Underwriting, where she spent the past five years, most recently serving as Political Violence Class Underwriter. In that role, ... Read the full article
PIC secures £900m in buy-in transactions for Three Baker Hughes pension schemes
26th June 2025
Pension Insurance Corporation plc (“PIC”), a provider of insurance solutions for defined benefit pension schemes, has arranged buy-in transactions with three pension plans associated with Baker Hughes (“the Company”): the Baker Hughes (UK) Pension Plan, the Brush Group Pension Scheme, and the Pipeline Integrity International (PII) Group Pension Scheme. Completed at ... Read the full article
Insurance Europe calls for streamlining EU cybersecurity regulations
26th June 2025
Insurance Europe, the organisation representing the European insurance and reinsurance sector, is welcoming the European Commission’s review of the Cybersecurity Act (CSA), a move aimed at simplifying regulations and easing the administrative burden on companies. Launched in April 2025, the CSA review aims to address the fast evolution of technology and ... Read the full article
France’s insurance sector expected to maintain profitability and growth in 2025: S&P
26th June 2025
According to a report released by S&P Global Ratings, a provider of credit ratings, the French insurance industry is well positioned to sustain both profitability and moderate growth over the coming years. Despite economic headwinds and rising claims costs, the sector continues to demonstrate adaptability, supported by prudent financial management and ... Read the full article
Everest names Pamela Sinclair as Chief Human Resources Officer
26th June 2025
Everest Group, Ltd., a provider of property, casualty, and specialty reinsurance and insurance, announced that Pamela Sinclair will join the company as Executive Vice President and Chief Human Resources Officer, effective July 14. She will report to Jim Williamson, Everest’s President and CEO, and will become part of the Executive Leadership ... Read the full article
Concirrus partnership with Lloyd’s syndicates to redefine submission automation in specialty insurance
26th June 2025
Concirrus, a provider of AI-centric insurance solutions, has partnered with one of Lloyd's leading digital syndicates to redefine underwriting performance in the London Market by optimising submission processing, improving risk analytics, and providing real-time portfolio oversight. Through this partnership, the two organisations aim to transform how complex specialty risks are evaluated ... Read the full article
Accenture invests in Reserv to drive growth in claims ecosystem
26th June 2025
Professional services firm Accenture has invested in Reserv, an insurance claims processing company that complements deep claims expertise with AI-driven solutions through Accenture Ventures, with the terms of the transaction undisclosed. The investment will enable the pair to collaborate on claims solutions which are more accurate and efficient, helping underwriters and ... Read the full article
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