Reinsurance News
MAPFRE USA appoints Mark Pasko as EVP, Counsel and Secretary of US
24th June 2025
MAPFRE USA, the holding company for a number of property and casualty insurance companies, has appointed Mark Pasko as Executive Vice President (EVP), General Counsel and Secretary of US operations, effective July 21st, 2025. In his new role, Pasko will be responsible for MAPFRE’s legal, regulatory and government affairs in the ... Read the full article
Commercial insurance rate increases to moderate in 2025: KBW
24th June 2025
Keefe, Bruyette & Woods, Inc. (KBW), an investment bank and research firm focused on financial services, expects overall commercial insurance rate increases to moderate in 2025 following years of compounding gains across most lines of business. Drawing on detailed pricing data from MarketScout, an industry analytics provider tracking insurance rate trends, ... Read the full article
HDI’s Sutherland appointed Chair of IUA’s Aviation Claims Committee
24th June 2025
The International Underwriting Association (IUA) has announced its Aviation Claims Committee has appointed James Sutherland, from HDI Global SE, as its new Chair, and Paul Lamport of AIG as its new Deputy Chair. Sutherland’s current role at HDI Global SE is as Claims Manager - Transportation & MEPC. The executive has ... Read the full article
New insurance solution from Ryan Transactional Risk targets environmental remediation costs
24th June 2025
Ryan Transactional Risk, a managing general underwriter and part of Ryan Specialty, has announced the launch of a new insurance product focused on environmental liability. The new offering, Ryan Transactional Risk Enviro, is designed to insure against cost overruns related to environmental cleanups and remediation efforts. RTR Enviro offers Environmental Remediation Cost ... Read the full article
Chubb’s Westchester appoints Dave Roberts as Chief Operating Officer
24th June 2025
Westchester, global insurer Chubb’s excess and surplus lines division, has announced the appointment of Dave Roberts as Chief Operating Officer. In this role, Roberts will oversee operations for Westchester’s recently established Property, Casualty, and Financial Lines Business Practices, which include Digital, Middle Market, Programs, Operations, and IT. He will report to David ... Read the full article
Citizens secures $4.49bn risk transfer target for 2025 with lower ROL for new reinsurance
23rd June 2025
Florida's Citizens Property Insurance Corporation, the state's insurer of last resort, has cited favourable market conditions as it was able to successfully place its target risk transfer programme of $4.49 billion for the 2025 wind season, which includes $2.89 billion of new coverage from the traditional reinsurance and capital markets. Back ... Read the full article
Mizuho Americas hires equity research analyst Yaron Kinar from Jefferies
23rd June 2025
Mizuho Americas has announced the appointment of former Jefferies’ insurance analyst, Yaron Kinar as Managing Director and Senior Equity Research Analyst for the Insurance sector. Kinar, who brings two decades of equity research expertise in the insurance and financial sectors, will be based in Chicago and report to Bill Featherston, Head ... Read the full article
COPE gets approved as a Lloyd’s Coverholder
23rd June 2025
Cyprus-based reinsurance and travel services firm COPE has been approved as a Lloyd’s Coverholder, a significant step in its global expansion. Established in 2023, COPE described the accreditation as “an exciting new chapter” in its growth journey, granting it access to Lloyd’s renowned international platform and network of trusted experts. Operating across ... Read the full article
Mayer Brown welcomes Greg Oguss as Partner in Corporate & Securities and the Global Insurance Industry Group
23rd June 2025
Mayer Brown, a law firm known for its comprehensive legal services across multiple industries, has announced that Greg Oguss has joined its Chicago office as a partner in the Corporate & Securities practice and the Global Insurance Industry Group. Oguss previously held the role of global chief counsel for corporate development ... Read the full article
Kingstone lifts catastrophe reinsurance limit 57% to $440m for 2025
23rd June 2025
Kingstone Companies, Inc., a US property and casualty insurance holding company, has finalised its 2025/2026 catastrophe reinsurance placement, increasing the amount of reinsurance limit secured by 57%, or $160 million year-on-year to $440 million. The limit includes $125 million in multi-year protection through the carrier's first catastrophe bond, 1886 ... Read the full article
Aon Broker Copilot launches to ‘transform the commercial insurance placement process’
23rd June 2025
Aon, a global insurance and reinsurance broking group, is looking to modernise the commercial insurance placement processes with Aon Broker Copilot, its recently launched patent-pending platform, which will utilise artificial intelligence, large language models, and predictive analytics. Aon Broker Copilot, developed in-house and co-designed with the firm’s frontline brokers, aims to ... Read the full article
MS Transverse’s credit ratings upgrade a ‘significant milestone’, says CEO Dave Paulsson
23rd June 2025
MS Transverse Insurance Group’s recent upgrade of its Financial Strength Rating to A+ (Superior) from A (Excellent) by AM Best marks a significant milestone and underscores the strength of its business model, the quality of its partnerships, and its disciplined approach to risk management, according to CEO Dave Paulsson. MS ... Read the full article
Price Forbes appoints Suvimol Sathanart as Head of Property, Asia
23rd June 2025
Global specialty broker Price Forbes has announced the appointment of Suvimol Sathanart as Head of Property, Asia. Based in Singapore, Sathanart will report to Julian Coates, Chief Broking Officer at Price Forbes. In her new role, she will be responsible for the growth and development of Price Forbes’ property business across the ... Read the full article
SCOR bridging the funding gap for ecological restoration projects: Harmender Singh Kalirai
23rd June 2025
In an interview with Reinsurance News, Harmender Singh Kalirai, Chief Transaction Officer at SCOR P&C, discussed SCOR’s new Ecological Restoration Insurance Solution and how it aims to bridge the gap between the need and the desire to finance ecological restoration projects by de-risking the opportunity to attract greater investment. Harmender explained ... Read the full article
Acrisure Re launches West Coast Office, led by SVP Souza
23rd June 2025
Acrisure Re, the re/insurance division of global fintech company Acrisure, has expanded its US footprint with the launch of its West Coast Office, based in San Francisco, to be established and led by Danny Souza, Senior Vice President. Souza will continue to report to Marc Piccione, Partner and Managing Director of ... Read the full article
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