Reinsurance News
Cowbell adds Kirsten Maley as Director of Claims, UK
17th June 2025
Cowbell, a cyber insurer focused on small to medium-sized enterprises and the middle market, has appointed Kirsten Maley into a newly created role of Director of Claims, UK, aligning with the insurers commitment to scale its presence in a growing UK market. In her new role, Maley will oversee Cowbell’s UK ... Read the full article
Victor Insurance reveals global extended warranty services and appoints new MD
17th June 2025
Victor Insurance, a managing general underwriter, has introduced Victor Extended Warranty—a new international service offering that supports insurers and reinsurers with underwriting solutions for extended warranty programmes. This initiative covers a wide range of vehicles, including electric and internal combustion engine (ICE) vehicles, motorcycles, scooters, light commercial vehicles (LCVs), vans, trucks, ... Read the full article
Athene names Grant Kvalheim as CEO and Jim Belardi as Executive Chairman
17th June 2025
The Board of Directors of Athene, a retirement services company and subsidiary of Apollo Global Management, Inc., has appointed Grant Kvalheim as Chief Executive Officer (CEO), effective July 1st, 2025, while Co-founder Jim Belardi was named Executive Chairman and will remain Chief Investment Officer (CIO). Additionally, the firm has promoted Mike ... Read the full article
Taiwan’s non-life insurance premiums rose 10.5% in 2024: AM Best
17th June 2025
Taiwan’s domestic non-life insurance premiums continued to rise in 2024, increasing by 10.5% to TWD 278.5 billion (USD 9.2 billion), according to a recent report by AM Best. All of AM Best’s rated entities recorded premium growth during the year, supported by expansions in voluntary motor, travel insurance, and commercial lines. Combined ... Read the full article
US insurers plan to more than double AI investments over the next 3-5 years, according to Wipro
16th June 2025
Wipro Limited, a provider of AI-powered technology services and consulting, has released a report which shows that AI spending is set to grow significantly within insurers’ IT budgets. The study, "The AI Advantage: Building Tomorrow’s Insurance Enterprise," surveyed 100 senior executives from US insurance companies with annual revenues above $500 million ... Read the full article
Blue Marble adds Guy Carpenter’s Dean Klisura to Board of Directors
16th June 2025
Climate insurer Blue Marble has announced the addition of reinsurance broker Guy Carpenter's President and Chief Executive Officer, Dean Klisura, to its Board of Directors, representing Marsh McLennan. In the role, Klisura succeeds Alex Moczarski, who served on Blue Marble's board since its founding in 2015 and is retiring following a ... Read the full article
CFC names Markel’s Nick Line as CUO
16th June 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has named Nick Line as Chief Underwriting Officer (CUO). He will join the insurer in 2026, after spending 28 years at Markel where he most recently held the role of CUO since 2018. Over the years at re/insurer Markel, Line has materially ... Read the full article
Strong performance at Lockton Re helps lift group revenue to $4bn
16th June 2025
Lockton Re, the reinsurance arm of the independent insurance brokerage, achieved 29% revenue growth in the fiscal year ending April 30, 2025. According to the firm, in 2024, the business experienced extensive growth, having established a global footprint of 22 locations. With continued investment in talent and new specialties, Lockton Re ... Read the full article
Air India plane crash to harden aviation reinsurance market: GlobalData
16th June 2025
The fatal Air India plane crash on June 12, 2025, is expected to harden the aviation reinsurance market, with reinsurers likely to reassess risks related to wide-body aircraft, adjust pricing models, and impose stricter terms, according to GlobalData. Last Thursday, the London-bound Air India Boeing 787-8 Dreamliner crashed shortly after takeoff ... Read the full article
Moody’s releases Version 25 of North Atlantic Hurricane Models for insurance applications
16th June 2025
Moody’s, a provider of risk modelling and analytics for the financial and insurance sectors, announced that Version 25 of its RMS North Atlantic Hurricane Models has been approved by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). The certification, granted on June 12, 2025, allows the model to be used ... Read the full article
Himanshu Garg named Head of New Business Initiatives, Everest Re
16th June 2025
Himanshu Garg has been promoted to Head of New Business Initiatives at Everest Reinsurance. Everest stated that Garg joined the firm in 2018 and has consistently demonstrated deep industry expertise, strategic thinking, and a strong track record of execution. In the new role, Garg will lead the development and implementation of Everest's ... Read the full article
UK financial institutions set sights on growth as Lloyds highlights sector’s investment potential
16th June 2025
UK commercial banking group Lloyds has highlighted the growing role financial institutions could play in supporting the country’s long-term development, as firms prepare to expand and invest across key areas such as AI, digital infrastructure, and workforce skills. “The insurance sector is evolving fast – from life insurers expanding through pension ... Read the full article
Hiscox appoints Harriet Hanna as COO of Lloyd’s managing agent HSL
16th June 2025
Specialist global insurer Hiscox has appointed Harriet Hanna as Chief Operating Officer of Hiscox Syndicates Ltd (HSL), the Lloyd’s of London managing agent that underwrites capacity for Hiscox’s business units, including Hiscox London Market. According to the firm, Hanna will have oversight responsibilities for the operational capabilities of HSL, ensuring that ... Read the full article
Marsh launches €1bn insurance facility for data centre construction projects
16th June 2025
Marsh, an insurance broker, risk advisor and business of Marsh McLennan, has launched Nimbus, its new insurance facility providing clients with comprehensive cover for the construction of large-scale data centres across the UK and Europe. Nimbus, supported by a panel of insurers from Lloyd’s and company markets in London and Europe, ... Read the full article
Howden Re and UCL School of Management receive £200k for AI project targeting reinsurance processes
16th June 2025
Howden Re, the reinsurance and advisory division of Howden, and the UCL School of Management have been awarded £200,000 in government funding through a Knowledge Transfer Partnership (KTP), and the project is co-funded by Innovate UK and Howden Re. The partnership will focus on developing AI tools intended to update how ... Read the full article
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