Reinsurance News
Canada Life Re to cease new business for US traditional life mortality risk reinsurance
25th June 2025
Canada Life Reinsurance, part of financial services holding company Great-West Lifeco, has decided to stop new business for its US traditional life mortality risk reinsurance line, known as U.S. Trad Life, as the firm looks to focus on its core markets. The reinsurer explains that a key driver of its decision ... Read the full article
Grenada renews CCRIF SPC parametric insurance policies for 25/26
25th June 2025
The Government of Grenada has confirmed the renewal of the country's annual parametric insurance coverage with the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) for 2025/2026, for a total cost of roughly USD 1.828 million, plus applicable fees. This renewal ensures the Caribbean country remains protected under the ... Read the full article
Ledgebrook secures $65m in oversubscribed Series C round to drive strategic growth
25th June 2025
Ledgebrook Inc., a technology-focused provider in the Excess and Surplus Lines insurance sector, has announced the close of a $65 million Series C funding round. The round was significantly oversubscribed and led by existing investor The Stephens Group, LLC, a prominent private investment firm. Current investors—including Duquesne, Brand Foundry, Floating Point, and ... Read the full article
Oaktree names Richesh Shah as MD and Head of Americas Insurance Solutions
25th June 2025
Oaktree Capital Management, L.P. (Oaktree), a global asset management firm specialising in alternative investment strategies, has announced the appointment of Richesh Shah as Managing Director and Head of Americas Insurance Solutions. Based in New York, Shah will report to Greg Halagan, Managing Director and Global Head of Insurance Solutions at Oaktree. In ... Read the full article
Howden to launch reinsurance operation in Saudi Arabia
25th June 2025
Howden, a global insurance and reinsurance broking group, has secured regulatory approval to launch a reinsurance operation in the Kingdom of Saudi Arabia, Howden Re KSA, to be led by Motaz Bukhari as Chief Executive Officer (CEO). Howden Re KSA is to offer Treaty and Facultative placements, in addition to offering ... Read the full article
Willis report highlights rising political polarisation as a growing concern for business
25th June 2025
Political polarisation is increasing across the globe and bringing with it a wave of uncertainty that threatens both governments and businesses, according to the latest Political Risk Index published by Willis, an advisory, broking, and risk solutions firm. Drawing from an extensive review of political conditions in over 200 countries, the ... Read the full article
Miller names Martin Dimas as Head of Indonesia Desk, Singapore
25th June 2025
Miller, the independent specialist insurance and reinsurance broker, has announced the appointment of Martin Dimas as Head of Indonesia Desk, Singapore. In this role, Dimas will be responsible for driving the growth of Miller’s Indonesian reinsurance business across all lines, working closely with the firm’s product line experts. He brings over a ... Read the full article
Pinpoint UK now FCA-authorised as Appointed Representative of Resolution Underwriting
25th June 2025
Pinpoint UK Solutions Ltd, the UK-based MGA of AM Specialty Insurance Group, has officially launched operations in the UK after being appointed as an Appointed Representative (AR) of Resolution Underwriting Partnership Ltd. As an AR—a regulated status that allows firms to carry out specific financial activities under the supervision and license ... Read the full article
Canopius-sponsored Equus approved as Lloyd’s DCA
25th June 2025
Canopius Managing Agents Ltd (Canopius) has announced that Equus Claims Management Ltd (Equus) has been approved as a Lloyd’s Delegated Claims Administrator (DCA), following sponsorship by Canopius. Equus is a liability adjusting firm specialising in the investigation and handling of equine claims, providing nationwide coverage across the UK. Co-founded by Mark Pilkington ... Read the full article
US cyber insurance premiums post first-ever decline in 2024: AM Best
25th June 2025
According to a new market segment report from AM Best, direct premiums written (DPW) for US cyber insurance declined by 2.3% in 2024, dropping to just under $7.1 billion. This marks the first recorded decrease in the segment since the National Association of Insurance Commissioners (NAIC) began collecting data on cyber ... Read the full article
Eric Malterre appointed as ASR Chief Underwriting Officer
25th June 2025
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has announced the appointment of Eric Malterre as Chief Underwriting Officer, a newly created role. Malterre will leverage his 25 years of international insurance experience to develop underwriting strategies, driving profitability, and ensuring underwriting standards are aligned with the company’s risk appetite and ... Read the full article
Berkley Cyber Risk Solutions launches new incident responder coverage
25th June 2025
Berkley Cyber Risk Solutions has introduced its new Incident Responder Enhancement Endorsement, aimed at addressing the frequently overlooked human impact of responding to cyber breach events. The endorsement offers reimbursement for cancelled vacations, child or elder care, and corporate safety costs incurred by incident response teams on the front lines of ... Read the full article
Selective Insurance appoints Ari Moskowitz as Chief Risk & Reinsurance Officer
25th June 2025
Selective Insurance has announced the appointment of Ari Moskowitz as Chief Risk & Reinsurance Officer. Moskowitz brings nearly 20 years of re/insurance industry experience, with strong expertise in actuarial pricing and risk management. He rejoins Selective Insurance, where he previously served as an Actuarial Analyst from 2009 to 2010, focusing on actuarial ... Read the full article
Everest Insurance launches Korea Desk led by Brian Jee
25th June 2025
Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, has announced the launch of its Korea Desk, led by Brian Jee. Jee has been appointed Head of Korea and Senior Financial Lines Underwriter. He brings nearly 15 years of industry experience to the role. Jee joined Everest in July 2023 as ... Read the full article
Brit establishes new digital underwriting platform for US flood market
25th June 2025
Brit Group Holdings Limited has revealed the launch of Brit Flood, a new digital underwriting platform for the US flood market. Brit explained that the new development is built on its in-house technology platform and can offer instant quotes for primary US residential flood insurance. "Using an API which connects agent’s platforms ... Read the full article
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