Reinsurance News
SiriusPoint extends DUPI Nordics partnership into continental Europe
19th June 2025
SiriusPoint Ltd., a re/insurer focused on specialty lines, has announced the expansion of its ongoing relationship with Copenhagen-based Managing General Agent (MGA), DUPI Nordics, into Continental Europe. Since March 2023, SiriusPoint has supported DUPI Nordics by providing capacity for its niche insurance offerings. Initially centred on Brown Water Hull coverage in the ... Read the full article
Ascot adds Rosalind Brewer, Martin Flanagan, and Robert Sewell to Board
19th June 2025
Bermuda-domiciled global specialty re/insurer Ascot Group has appointed Rosalind Brewer, Martin Flanagan, and Robert Sewell to its Board of Directors, pending regulatory approval. These strategic appointments align with the company’s long-term goal to strengthen its leadership. Since June 2024, Sewell has served as the Chairman of the Board of Ascot Underwriting Limited ... Read the full article
Aon receives approval for updated Florida hurricane catastrophe model
19th June 2025
Aon, a global insurance and reinsurance broking group, has received certification for its updated Florida hurricane model from the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) for ratemaking in the state. The updated model is developed by Aon’s Impact Forecasting team and incorporates the latest research and technology, which aims ... Read the full article
Fee-based risk management services an opportunity to drive growth for insurers: Deloitte
19th June 2025
Fee-based risk management services, a service that is already provided for free by many insurers, can boost US property and casualty (P&C) insurer’s revenues, according to a recent report by the Deloitte Center for Financial Services. Over the past year, raising premiums helped US P&C insurers return to profitability, but Deloitte ... Read the full article
HG Re selects Clearwater Analytics to enhance performance attribution and risk analytics
19th June 2025
HG Re Ltd. has selected Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to enhance its investment performance measurement and risk analytics capabilities. This implementation aims to provide HG Re with advanced tools to support data-driven investment decisions and improve portfolio oversight. Through the adoption of Clearwater, ... Read the full article
WTW appoints Ryan Pischke as Growth Leader for Michigan and Ohio, CRB
19th June 2025
WTW, an advisory, broking, and solutions firm, has appointed Ryan Pischke as Growth Leader for Michigan and Ohio within its Corporate Risk & Broking (CRB) segment in North America. In this role, Pischke will focus on expanding WTW’s presence in the Michigan and Ohio markets by developing client relationships, acquiring talent, ... Read the full article
Moody’s upgrades ratings of AIG P&C subsidiaries with stable outlook
18th June 2025
Credit ratings agency, Moody's Ratings, has upgraded the insurance financial strength ratings of global insurer AIG's major property & casualty (P&C) subsidiaries in the US, UK and Europe to A1 from A2, with the outlook revised to stable from positive. According to Moody’s, the upgrade of AIG and its flagship US ... Read the full article
Porch Group renews partnership with Goosehead to support Reciprocal Exchange growth
18th June 2025
Porch Group, Inc., a homeowners insurance provider, announced the renewal of its partnership with Goosehead Insurance. Growing Porch Reciprocal Exchange insurance premiums in a profitable way is an important strategic objective for the Company. The renewed partnership with Goosehead is a step toward re-engaging agency partnerships and expanding its distribution channels. Matt Ehrlichman, ... Read the full article
Allstate estimates May cat losses at $777m
18th June 2025
The Allstate Corporation has estimated catastrophe losses for May 2025 of $777 million or $614 million, after-tax. These losses stemmed from 11 separate events, with roughly 70% attributable to three widespread wind and hailstorms. By comparison, May 2024 saw catastrophe losses of $1.4 billion, approximately 70% of which resulted from five ... Read the full article
WTW names Linda Fisher to lead law firm strategy within FIPS division
18th June 2025
Willis, a WTW business, has appointed Linda Fisher to lead its law firm segment within the Financial Services and Professional Services (FIPS) division across North America. Operating out of Chicago and reporting to Brad Messinger, Leader of the FIPS division, Fisher will apply her deep sector knowledge to expand Willis’s presence ... Read the full article
United Risk completes acquisition of specialty reinsurance MGA Pinnacle Underwriting
18th June 2025
United Risk, a global property and casualty insurance underwriting and distribution platform, has completed the acquisition of Pinnacle Underwriting Pty Ltd. and its affiliate Pinnacle Holdings Group Pty Ltd. (collectively, Pinnacle Underwriting). Headquartered in Sydney with offices in Melbourne, Singapore, and Dubai, Pinnacle Underwriting is a specialty facultative reinsurance MGA managing ... Read the full article
Chedid Re promotes Jalal Tabaja to Deputy Head of Facultative
18th June 2025
International reinsurance broker Chedid Re, part of Chedid Capital, has promoted Jalal Tabaja to the role of Deputy Head of Facultative. In his new role, Tabaja will lead the broker's facultative division, driving growth and operational excellence. Tabaja has over 15 years of industry experience. He joined Chedid Re in 2014 as ... Read the full article
Ambac updates timing of legacy financial guarantee business sale to Oaktree
18th June 2025
Ambac Financial Group, Inc., an insurance holding company, has provided an update on the timing of the sale of its legacy financial guarantee businesses to funds managed by Oaktree Capital Management, L.P., and on the extension of the maturity date of its outstanding credit facility. The $420 million cash sale of ... Read the full article
Joe Melly named Head of Casualty sub-segment at Moody’s Insurance Solutions
18th June 2025
Michael Steel, General Manager at Moody’s - Insurance Solutions, has announced the appointment of Joe Melly as the new Head of the Casualty sub-segment within Moody’s - Insurance Solutions. Melly will also join the company’s Senior Leadership Team. During his time at Moody’s, Melly has played a key role in shaping and ... Read the full article
Israel’s gov-backed insurance scheme to cover majority of conflict losses
18th June 2025
S&P has indicated that Israel’s government-backed insurance scheme is expected to absorb most losses related to the conflict with Iran, and the agency does not currently anticipate taking negative rating actions on the country’s insurance or banking sectors. The Israel-Iran conflict has intensified in recent days, sparking global concerns over regional ... Read the full article
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