Reinsurance News
Aon’s new US well-plugging solution to help mitigate risk in carbon credit market
14th April 2025
Aon’s Climate Risk Advisory and environmental risk solutions teams have developed a new specialty insurance product to cover liabilities and mitigate the risk associated with the plugging of abandoned oil and gas wells in the US. The new Plug and Well Exit Liability product, created in collaboration with U.S. environmental firm ... Read the full article
Stable outlook for UK non-life insurance sector reflects resilient fundamentals: AM Best
14th April 2025
The United Kingdom's non-life insurance sector is expected to remain on stable footing in the near term, according to credit rating agency AM Best, which recently reaffirmed its outlook for the market. One of the more significant developments in late 2024 was the upward revision of the Ogden discount rate, which ... Read the full article
Gallagher Re appoints Tom Dixon as Head of Legacy UK
14th April 2025
Reinsurance broker Gallagher Re has announced the appointment of Tom Dixon as Head of Legacy UK. Dixon brings 20 years of experience in insurance and transactions, beginning in insurance audit and transaction services before transitioning into non-life legacy acquisitions. He joins Gallagher Re from Perigon Re, where he was Managing Director. Prior ... Read the full article
Munich Re Specialty completes sale of GJW Direct to Ripe
14th April 2025
Munich Re Specialty, part of the Munich Re Group insurance operations, has completed the sale of boat insurance specialist GJW Direct to Ripe. The deal, first announced in October 2024, marks the transfer of GJW Direct after more than 20 years as part of Munich Re Specialty. The decision to sell ... Read the full article
Trevor Oates joins Africa Specialty Risks as Head of Reinsurance
14th April 2025
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has appointed Trevor Oates as Head of Reinsurance. Oates joins ASR from Canopius, where he spent 25 years in a range of underwriting roles, most recently as a treaty underwriter. Before Canopius, Oates spent seven years at Aon, having begun his career in ... Read the full article
Sompo Asia Pacific names Pui Ying Fun as VP, Regional Treasurer APAC
14th April 2025
Sompo Asia Pacific has announced the appointment of Pui Ying Fun as Vice President, Regional Treasurer, Asia Pacific (APAC). In her new role, Fun will be responsible for managing Sompo’s financial resources, ensuring liquidity, helping optimise capital structure, and mitigating financial risks across APAC. She will collaborate closely with the regional and ... Read the full article
Ageas to acquire esure from Bain Capital for £1.3bn
14th April 2025
Ageas has agreed with Bain Capital to acquire esure, a digital UK personal lines insurer, for a cash consideration of £1.295 billion. Ageas suggested that the acquisition will strengthen its presence in European markets by adding a controlled entity, enhance its positioning in the UK, create shareholder value through expected synergies, ... Read the full article
CLARA Analytics and Guidewire integration delivers millions in claims savings for insurers
14th April 2025
CLARA Analytics, a provider of artificial intelligence (AI) solutions for claims optimisation, has announced that its integration with Guidewire ClaimCenter has delivered measurable success, significantly enhancing claims workflows and financial outcomes for insurers. One longstanding CLARA customer has already seen remarkable benefits from the combined solution. With CLARA’s AI-driven insights now embedded ... Read the full article
DLA Piper appoints Charles Rix to International Insurance team
14th April 2025
DLA Piper, a global law firm, has appointed Charles Rix to its International Insurance team, based in London. Rix's appointment aligns with DLA Piper's growth strategy and strengthens its insurance sector bench. In the role, he will use his technical knowledge and experience to focus on supporting the wider European and global ... Read the full article
Aon introduces profitable growth tool to help insurers achieve sustainable growth
11th April 2025
Aon plc, a provider of professional services, has introduced the Profitable Growth Tool, a new benchmarking and advisory service aimed at assisting insurers in identifying and cultivating key traits that enhance their value to customers and shareholders. Developed by Aon’s Strategy and Technology Group, this tool builds upon the firm’s Growth ... Read the full article
Apex Star enters Florida insurance market
11th April 2025
Florida insurers regulators have approved Apex Star Reciprocal Exchange as the 12th insurer to enter the state since legislative reforms were passed in the last two years to stabilise the market. Apex Star Reciprocal Exchange is a property and casualty insurer part of Starlight Insurance Group, based in New Port Richey, ... Read the full article
Morten Hübbe and George Quinn join Swiss Re’s Board
11th April 2025
Swiss Re's shareholders approved all motions put forward by the Board of Directors at its Annual General Meeting (AGM) 2025, including the election of Morten Hübbe and George Quinn as new Board members and the distribution of an ordinary dividend of USD 7.35 per share. Hübbe and Quinn were nominated ... Read the full article
Flood insurance protection gap widening in central Appalachia: Neptune
11th April 2025
Catastrophic flooding in early 2025 has highlighted the growing flood risk across Kentucky, Tennessee, and West Virginia, however, flood insurance participation is rapidly declining from an already low base, leaving the region financially exposed, according to a recent analysis by Neptune Flood. The central Appalachian states of Kentucky, Tennessee, and West ... Read the full article
Helix establishes new Professional Lines led by Matt Irvine as CUO
11th April 2025
Bermuda-domiciled independent, multi-line managing general agent, Helix Underwriting Partners Ltd., has expanded its specialist offering by launching a new Professional Lines unit, led by Matt Irvine as Chief Underwriting Officer (CUO). Backed by Somers Re, the new Bermuda-based program offers a maximum line limit of $10 million. The unit offering includes Directors’ ... Read the full article
North American insurers poised to withstand current market volatility: S&P
11th April 2025
North American insurers’ robust capital and liquidity buffers will allow them to withstand the current market volatility, including tariff-related downturns, without an immediate impact to ratings or outlooks, S&P Global Ratings highlighted in a recent report. Global markets were significantly impacted by the US administration's announcement of sweeping tariffs and the ... Read the full article
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