Reinsurance News
MGA Novus Underwriting adds Collinson Group to warranty & affinity panel
20th August 2025
Novus Underwriting, a specialist global wholesale warranty and affinity MGA and part of the Aventum Group, has partnered with Collinson Insurance for its annually renewable warranty products, covering more than 500,000 policies. The new exclusive binding authority with Collinson Insurance strengthens Novus’ position in the UK and complements its existing relationships ... Read the full article
Optio Group names Carrie-Ann Hallett as Head of Insurer Partnerships
20th August 2025
Optio Group, a specialty managing general agent (MGA) providing underwriting and distribution solutions across multiple lines of business, has announced the appointment of Carrie-Ann Hallett as Head of Insurer Partnerships, effective immediately, based in London and reporting to Chief Underwriting Officer, Gary Head. Hallett joins Optio from Deloitte, where she was ... Read the full article
AM Best upgrades outlook on Dunav-Re’s credit rating amid strengthened financial backing
20th August 2025
AM Best, the credit rating agency, has changed the outlook on the Long-Term Issuer Credit Rating (Long-Term ICR) of Dunav-Re a.d.o (Dunav-Re), based in Serbia, from stable to positive. At the same time, the agency affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good). ... Read the full article
Canopius names Jinnan Tang as Casualty Treaty Underwriter
20th August 2025
Global specialty re/insurer Canopius Group has appointed Jinnan Tang as a Casualty Treaty Underwriter, effective August 11th, 2025, based in Singapore. Tang joins the Asia Pacific (APAC) regional team, reporting to Andrew Parker and Micia Yong in their respective leadership roles. He has over 12 years of experience across underwriting, pricing, ... Read the full article
US P&C insurance industry to remain profitable for several years: S&P
19th August 2025
The US property and casualty (P&C) insurance sector is projected to remain profitable for the next several years, driven mainly by a rapid turnaround in the private auto sector in 2024, according to a recent S&P report. Rating agency S&P’s Global Market Intelligence 2025 US Property and Casualty (P&C) Insurance Market ... Read the full article
CNA makes key leadership changes aimed to enhance underwriting capabilities
19th August 2025
Chicago-domiciled insurer CNA Financial Corporation has announced several leadership changes to enhance its underwriting capabilities, including the appointment of David Haas as President of Global Specialty. In his new role, Haas will oversee Financial Lines, Healthcare, Affinity and Warranty. A seasoned executive at CNA, Haas is known for his strong leadership ... Read the full article
MGA Pivix launches brokerage division led by Michael Gramm
19th August 2025
Pivix Specialty Insurance Services, an excess and surplus (E&S) focused MGA, has announced the launch of a brokerage division led by Michael Gramm. Pivix, founded in September 2024 by industry veteran Mike Miller, entered the market with a contract binding program targeting small commercial property and general liability risks. All products ... Read the full article
Insurance data standards key to unlocking AI’s potential: ACORD
19th August 2025
In the re/insurance industry, data standards that ensure structured, high-quality, and interoperable information are vital for artificial intelligence (AI) models to function effectively, according to Somesh Mukherjee, VP, Solutions Architecture at ACORD Solutions Group. Mukherjee noted that as AI becomes central to the industry’s evolution, one fact is clear: AI is ... Read the full article
Capital deployment becoming more diverse as reinsurance growth persists: AM Best
19th August 2025
As the overall size of the reinsurance market continues to expand, projected to reach a new high of $649 billion at year-end 2025, market concentration has gradually declined as capital deployment becomes more diversified across the sector, AM Best has revealed. According to the rating agency's “Global Reinsurance Market Report”, this ... Read the full article
HDI Global’s insurance revenue rises 8% to €5.1bn in H1’25
19th August 2025
HDI Global, a commercial and specialty lines insurer, reported insurance revenue of €5.1 billion for the first half of 2025, an 8% increase from €4.8 billion in the same period last year. The company said its revenue and net income growth in H1’25 was driven by growth in new business across ... Read the full article
T. Rowe Price strengthens insurance business with three new hires
19th August 2025
T. Rowe Price, a global investment management firm, has announced three senior appointments to support the continued expansion of its insurance business. Headquartered in Baltimore, Maryland, the firm provides a broad range of investment solutions across equity, fixed income, and multi-asset capabilities for clients worldwide — from individuals and advisors to ... Read the full article
Atradius UK launches dedicated Surety department
19th August 2025
Atradius UK, a provider of trade credit insurance, surety, and collections services worldwide, has launched a dedicated Surety branch, expanding its ability to deliver bonds and guarantees to businesses across the UK. This reinforces Atradius’s established UK market position and underscores its commitment to providing comprehensive risk management solutions for companies ... Read the full article
Howden names Chris Hughes as CEO of New Zealand
19th August 2025
Howden, the global insurance and reinsurance broking group, has appointed Chris Hughes as Chief Executive Officer (CEO) of New Zealand (NZ), effective November, after fulfilling his contractual obligations to his current employer. Meanwhile, Nigel Wallace transitions to the role of Chair of the Howden broking business in New Zealand, as expansion ... Read the full article
UK bulk annuities show strong activity in H1’25, according to Aon
19th August 2025
Aon, a professional services firm specialising in risk, retirement, and health solutions, has reported that the UK bulk annuity market remained active in the first half of 2025, despite a modest slowdown in overall volumes compared with the latter half of 2024. According to Aon’s Insurer Due Diligence team, the market ... Read the full article
PPL launches first general market release from Microsoft partnership
19th August 2025
Placing Platform Limited (PPL) has launched the first general market release from its Microsoft partnership, introducing a new app within Outlook that gives clients access to upcoming products and features. Alongside the app’s launch is direct connectivity between Microsoft Outlook and Microsoft Teams and the placing platform, which will reportedly facilitate ... Read the full article
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