Reinsurance News
AM Best maintains negative outlook on Brazil’s reinsurance market
18th August 2025
Credit rating agency AM Best has announced it is maintaining a negative outlook on Brazil’s reinsurance market segment, citing political uncertainty and tax reform measures that are pressuring the industry’s profitability. The report noted that regulatory restrictions on foreign assets have limited domestic reinsurers’ growth abroad, in addition to the approaching ... Read the full article
BHSI promotes Irfan Esa to Head of National Business, UK
18th August 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has promoted Irfan Esa to Head of National Business in the UK. Esa brings over two decades of experience in the UK insurance industry. He joined BHSI in July 2020 as Manager of National Property, UK. Prior ... Read the full article
Mercury targets growth in higher wildfire risk areas with new California rate filing
18th August 2025
Mercury Insurance, a California-based provider of auto and home insurance, has submitted a rate filing for its California Homeowners program, based on the State's Sustainable Insurance Strategy, to expand coverage in high-risk wildfire zones. The filing is the first to use the recently reviewed Verisk Wildfire catastrophe model, which helps estimate ... Read the full article
Zhibao Technology signs agreement to form joint venture for risk reduction services in China
18th August 2025
Zhibao Technology Inc., a China-based InsurTech company specialising in digital insurance brokerage, has announced that it has entered into an agreement to establish a joint venture with Beijing Zhongfang Hongchuang Technology Company Limited, a wholly owned subsidiary of the China Disaster Prevention Association, and Guangzhou Ruiling Intelligent Technology Co., Ltd., ... Read the full article
Sukoon Insurance names Sandy Warne as Active Underwriter for Syndicate 2880
18th August 2025
Sukoon Insurance has announced the appointment of Sandy Warne as Active Underwriter for Syndicate 2880. Warne brings nearly 30 years of experience in the re/insurance industry, spanning specialty lines insurance broking, underwriting, and reinsurance broking. She joins Sukoon from Howden Re, where she most recently served as Managing Director, Global Specialty and ... Read the full article
Just Group secures £56m full-scheme buy-in for Brother Staff Pension Scheme
18th August 2025
Just Group has completed a £56 million full-scheme buy-in with the Brother Staff Retirement Benefits Scheme, securing the benefits of all 679 Scheme members, comprising 299 pensioners and dependents, as well as 380 deferred members. The scheme is sponsored by Brother International Europe Limited and Brother UK Limited, part of the ... Read the full article
Swiss Re and Berkshire Hathaway top global reinsurer rankings
18th August 2025
New data from AM Best reveals that Swiss Re has taken over from Munich Re as the world's largest reinsurer for companies that report under IFRS 17, with Berkshire Hathaway taking the top spot for non-IFRS 17 reporters, based on year-end 2024 figures. AM Best ... Read the full article
Profitability strong for global emerging market reinsurers: Fitch
18th August 2025
According to Fitch Ratings, the profitability of the global emerging market reinsurer group, which includes Patria, Ocean Re, Eureka Re, Oman Re, and ASR Re, has been strong, with return on equity generally ranging from 5% and 22% over the past two years. Patria is the largest by net premiums written ... Read the full article
Howden Re names Candy Wong as Head of Treaty for Hong Kong
18th August 2025
Howden Re, the global reinsurance broking arm of Howden Group, has appointed Candy Wong as Head of Treaty for Hong Kong, effective August 18th, 2025. The appointment aims to further strengthen Howden Re’s commitment to building a differentiated, client-centric reinsurance platform in and for the Hong Kong market. In her new role, ... Read the full article
Acquinex bolsters senior leadership team with appointment of Josh Cowen as CEO
18th August 2025
Acquinex, the specialist financial lines managing general agent (MGA), has strengthened its leadership team with the appointment of Josh Cowen as Chief Executive Officer (CEO). This appointment follows that of both co-founders, Chris Jackson and Chris Thompson, moving into new roles within PIB Group, Acquinex's parent since 2021. In the new role, ... Read the full article
AM Best revises credit ratings for Milli Re, citing improved capital position and economic stability
18th August 2025
AM Best, a credit rating agency focused on the insurance industry, has upgraded the credit ratings of Millî Reasürans Türk Anonim Şirketi (Milli Re), a Türkiye-based reinsurance company. The Financial Strength Rating (FSR) has been raised from C+ (Marginal) to C++ (Marginal), and the Long-Term Issuer Credit Rating (Long-Term ICR) has ... Read the full article
Hupman promoted to SRS Bermuda Head of Office, Reiss appointed Chair
18th August 2025
Strategic Risk Solutions (SRS), a provider of insurance management and consulting services, has announced the promotion of Andrew Hupman to Head of Office for SRS Bermuda. Hupman has been with the SRS Bermuda office since 2008 and will continue to service his existing insurance clients. SRS has also announced the appointment of ... Read the full article
Dragos report estimates up to $330bn in global OT cyber risk
15th August 2025
Dragos Inc., a company specialising in cybersecurity for operational technology (OT) environments, has released its 2025 OT Security Financial Risk Report, produced with Marsh McLennan’s Cyber Risk Intelligence Center. The report applies statistical modelling to estimate the financial impact of OT cyber incidents and evaluate the effectiveness of selected security controls. ... Read the full article
Chubb appoints Kim Hare as SVP, Head of NA Property Claims
15th August 2025
Global insurer Chubb has announced the appointment of Kim Hare as Senior Vice President (SVP), Head of North America Property Claims, effective August 18th, 2025. Hare will succeed Tim Barziza, who will retire next April after more than three decades in the insurance industry, including 22 years at Chubb. During his ... Read the full article
Sapiens and Earnix partner to streamline pricing and policy for P&C insurers in EMEA & APAC
15th August 2025
Sapiens International Corporation, a global provider of software solutions for the insurance industry, and Earnix, an AI Platform for insurance providers, have partnered to enhance operational efficiency for P&C Insurers in Europe, the Middle East and Africa (EMEA) and Asia–Pacific (APAC). This collaboration has introduced the Earnix Price-It Connector for Sapiens ... Read the full article
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