Reinsurance News
White Mountains to acquire 50% stake in Distinguished Programs
7th July 2025
White Mountains Insurance Group has agreed to acquire a majority stake in Distinguished Programs, an MGA and program administrator for specialty property & casualty insurance, for $230 million. White Mountains, which currently owns approximately 1% of Distinguished's outstanding equity interests, will acquire an additional 50% in a transaction expected to close ... Read the full article
Howden & Lawrence Stephens launch new crypto theft insurance and recovery coverage
7th July 2025
Howden, the global insurance and reinsurance broking group, has partnered with specialist law firm Lawrence Stephens to launch the “first-of-its-kind” crypto theft insurance solution, which is combined with expert legal asset recovery services. The pair aim to provide clients with a comprehensive and credible response to digital asset theft. The new ... Read the full article
IDF appoints Guy Carpenter’s Julian Enoizi to its Steering Committee
7th July 2025
The Insurance Development Forum (IDF) has welcomed Julian A.P. Enoizi, CEO of Guy Carpenter Europe and member of the Global Operating Committee, to its Steering Committee. Enoizi brings decades of leadership in the insurance and reinsurance sector, along with extensive experience on international and governmental advisory boards. He has served as CEO ... Read the full article
IUA responds to FCA’s latest insurance conduct reforms
7th July 2025
The International Underwriting Association (IUA), which represents insurance and reinsurance companies in the London Market, has issued a response to the Financial Conduct Authority’s (FCA) latest proposals to simplify insurance conduct rules. Representing 81 firms underwriting complex and specialist risks in the London Market, the IUA submitted a detailed response to ... Read the full article
K&R Swiss AG appoints Stephan Geiger as Director, Treaty Reinsurance
7th July 2025
K&R Swiss AG, part of independent reinsurance broker König & Reeker GmbH, has announced the appointment of Stephan Geiger as Director, Treaty Reinsurance, Switzerland. König & Reeker is an independent reinsurance broker offering a comprehensive line of consulting and service solutions for insurers, reinsurers, and corporate risk managers. In his new role, ... Read the full article
European and Asia Pacific dealmakers lead global M&A gains amidst ongoing US decline: WTW
7th July 2025
Europe and Asia Pacific have emerged as the leading regions for mergers and acquisitions (M&A) in the first half of 2025, according to new research from WTW, an advisory, broking, and solutions company. WTW’s Quarterly Deal Performance Monitor (QDPM), produced in partnership with the M&A Research Centre at Bayes Business School, ... Read the full article
Faster approvals ahead for Lloyd’s managing agents under new regulatory agreement
7th July 2025
The regulatory approval process for Lloyd’s managing agents is being streamlined to reduce authorisation times, following an agreement between the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA), and the Society of Lloyd’s. Under the changes, the PRA and FCA will reportedly retain their statutory decision-making roles but will make ... Read the full article
MS Amlin names AXA XL’s Nicola Harris as Head of Natural Resources
7th July 2025
Lloyd's global insurer and reinsurer MS Amlin has appointed Nicola Harris as Head of Natural Resources, effective August 2025, reporting to Martin Burke, Chief Underwriting Officer (CUO), MS Amlin. The appointment reinforces the business’s commitment to the line of business and its associated customers. In her new role, Harris will lead the ... Read the full article
MembersCap launches tokenised institutional-grade reinsurance fund
7th July 2025
Bermuda-regulated investment manager, Members Capital Management (MembersCap), has completed an investment in its initial portfolio through the fund, MCM Fund I, the first tokenised institutional-grade reinsurance fund designed for sophisticated digital asset investors and traditional allocators. Positioned as an alternative to private equity, venture capital, and fixed income strategies, MCM Fund ... Read the full article
Disaster declaration issued in Texas as flood risks continue
7th July 2025
At least 81 people have been confirmed dead and 41 remain missing after flash floods devastated central Texas on Friday, with more storms expected in the region. The flash floods began Thursday night of last week and continued into Friday morning, as several months' worth of rain fell within just a ... Read the full article
Ralf Boesemann named General Manager & CEO of Hannover Re Services Italy
7th July 2025
Global reinsurer Hannover Re has announced the appointment of Ralf Boesemann as General Manager and Chief Executive Officer (CEO) of Hannover Re Services Italy S.r.l. (HS Ita). HS Ita serves clients across both Life & Health and Property & Casualty. The Life & Health team focuses on building long-term relationships and ... Read the full article
Thai insurance claims from March earthquake could reach $1.53bn
7th July 2025
According to the Thai General Insurance Association (TGIA), insurance claims stemming from the earthquake that struck Myanmar and impacted Thailand in March could total up to 50 billion baht (approximately $1.53 billion), with an estimated 150,000 claims. TGIA President Somporn Suebthawilkul noted that with the claims process expected to continue through ... Read the full article
EPIC appoints industry veteran James R. Pierce as Senior Advisor
7th July 2025
Energy expert James R. Pierce has been appointed Senior Advisor for EPIC Insurance Brokers & Consultants to support the company’s strategic growth and development of its Natural Resources practice. Pierce will work closely with leadership to expand capabilities, recruit top-tier talent, and deliver innovative solutions to clients across the energy sector. He ... Read the full article
Heritage’s Zephyr Insurance partners with Hawaii Hurricane Relief Fund
7th July 2025
Heritage Insurance Holdings, Inc., a super-regional property and casualty insurance holding company, has announced that its insurance subsidiary, Zephyr Insurance Company, has entered into a partnership with the Hawaii Hurricane Relief Fund (HHRF). The partnership will enable Zephyr to accept and process applications from Condominium and Townhouse Associations of Apartment Owners ... Read the full article
Lockton promotes Sarah Downey to US Professional & Executive Risk Leader
7th July 2025
Lockton, a privately held insurance brokerage, has promoted Sarah Downey to US Professional and Executive Risk Leader, succeeding Devin Beresheim, who was appointed Lockton's US Risk Solutions Leader earlier this year. In her new role, she will report to Beresheim and oversee the team responsible for broking, risk advisory, and claims ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
