Reinsurance News
David Carlson to lead Aon’s Global Industrial and Manufacturing team
2nd July 2025
Global re/insurance broker Aon has announced that David Carlson will join the firm as its global industrial and manufacturing leader, effective July 1st, 2025. Carlson will focus on advancing Aon’s industry strategy by deepening sector-specific insights, expanding solution capabilities and aligning global resources to better serve clients. He will also lead initiatives ... Read the full article
IAG’s FY’25 natural peril costs come in below budget at ~$1.1bn
2nd July 2025
Insurance Australia Group (IAG) has reported estimated natural perils costs for the financial year 2025 of approximately $1.08 billion, which is $200 million lower than its allowance for the period. Ahead of its FY’25 results, which will be announced on August 13th, 2025, the insurer reported that the costs include over ... Read the full article
Rates trending downward but soft market still 2-3 years away: Peel Hunt
1st July 2025
Specialty re/insurance rates remain adequate on average and are trending downward, though a soft market is likely still 2–3 years away, according to a recent report by Peel Hunt. Following their participation in the recent Lloyd’s Tour, Peel Hunt analysts met with management teams from Beazley, Conduit Re, Hiscox, and Lancashire. All ... Read the full article
Mark Shaw named Division President of Chubb Workplace Benefits
1st July 2025
Global insurer Chubb has announced the appointment of Mark Shaw as Division President of Chubb Workplace Benefits (CWB). CWB offers a portfolio of streamlined solutions tailored for mid-to-large-sized businesses and the brokers who serve them. Its products are underwritten and administered by Combined Insurance, a Chubb company. In his new role, Shaw ... Read the full article
BMS expands in Australia with acquisition of Corporate and Commercial Insurance Brokers
1st July 2025
The independent specialist insurance and reinsurance broker, BMS Group, has expanded its global presence with the acquisition of Queensland-based Corporate and Commercial Insurance Brokers. Founded in 2006, Corporate and Commercial Insurance Brokers is a property broker providing risk management advice and insurance broking services to large, privately owned organisations. According to the ... Read the full article
Munich Re’s ERGO completes full acquisition of NEXT Insurance
1st July 2025
Munich Re Group has finalised the acquisition of NEXT Insurance, integrating it into the management structure of ERGO Group AG, its major primary insurance business. The transaction, announced earlier in the year, was completed with the companies successfully meeting all conditions, obtaining the necessary regulatory approvals, as scheduled. This acquisition marks ERGO’s ... Read the full article
Peter Thirring named Chairman of VIG Supervisory Board
1st July 2025
Vienna Insurance Group (VIG) has announced that Peter Thirring will assume the role of Chairman of the VIG Supervisory Board, effective 1st July 2025. The decision was made during the constituent meeting following VIG’s 33rd Annual General Meeting. Thirring will succeed Rudolf Ertl, who will remain on the Supervisory Board as Deputy ... Read the full article
Howden appoints Lee Vanderson as Head of Specialty, Philippines
1st July 2025
Howden, the global insurance and reinsurance broking group, has announced the appointment of Lee Vanderson as Head of Specialty for the Philippines. In his new role, Vanderson will focus on expanding Howden Specialty’s presence in the Philippines by showcasing its full range of specialty lines, product offerings, and expertise, and by ... Read the full article
S&P upgrades Arch Capital’s re/insurance subsidiaries ratings to ‘AA-‘ with stable outlook
1st July 2025
Earnings diversity and robust capital has led S&P to upgrade its long-term issuer and financial strength ratings on Arch’s core re/insurance subsidiaries to ‘AA-’ from ‘A+’ and issuer credit rating on the holding company, Arch Capital Group Ltd., to ‘A’ from ‘A-’. The credit rating agency also assigned a stable outlook ... Read the full article
Old Republic Specialty hires Liberty Mutual’s Daniela James as Chief Reinsurance Officer
1st July 2025
Old Republic Specialty Insurance Group, the largest business segment of Old Republic International Corporation and which specialises in the property and casualty market, has appointed Daniela James as Senior Vice President, Chief Reinsurance Officer. James joins the company after more than 19 years with Liberty Mutual Insurance, where she most recently ... Read the full article
Accelerant files for IPO with U.S. SEC
1st July 2025
Accelerant has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed underwritten initial public offering (IPO). While the timing of the offering, number of Class A common shares to be offered and the price range for the proposed offering have not ... Read the full article
Swiss Re appoints Gianfranco Lot as Country President Switzerland
1st July 2025
Global reinsurer Swiss Re has announced Gianfranco Lot will take on the additional role of Country President Switzerland, succeeding Urs Baertschi. In this expanded capacity, Lot will be responsible for representing Swiss Re’s interests in Switzerland. including the company’s headquarters in Zurich. This will encompass business, political and community engagement platforms. The ... Read the full article
AXA completes sale of AXA IM to BNP Paribas
1st July 2025
AXA has completed the sale of AXA Investment Managers (AXA IM) to BNP Paribas for cash proceeds of €5.1 billion. AXA has also finalised the sale of Select to AXA IM for €0.3 billion, bringing the total value to the previously announced €5.4 billion. The sale was initially announced last year. ... Read the full article
Chaucer appoints Emily Brand as Deputy Class Underwriter – Energy
1st July 2025
Chaucer Group, a global specialty insurance and reinsurance group, has announced the appointment of Emily Brand as Deputy Class Underwriter – Energy. Based in Singapore, Brand will report to Scott Ho, who leads Chaucer’s Energy team in the region. In her new role, Brand will support the underwriting strategy for Chaucer’s energy ... Read the full article
Suncorp shrinks main cat cover at renewal and adds multi-year solution
1st July 2025
Australian insurer Suncorp has completed its 2026 reinsurance renewal, securing main catastrophe cover for losses between $500 million and $6.3 billion, and has added a structured, multi-year solution that reduces exposure to $350 million for a first and second event, with the cost of the programme expected to come down ... Read the full article
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