Reinsurance News
Argenta names Inga Brand as Unit Head of Energy Liability
26th March 2025
Argenta, a Lloyd’s insurer, has appointed Inga Brand as Unit Head, Energy Liability, with immediate effect. Based in London, she will report to Heath Callan, Divisional Head of Energy & Marine. With more than 24 years of underwriting experience across UK and global markets, Brand brings extensive expertise to the role. In ... Read the full article
Private equity firm PCP takes minority stake in specialist CPRI broker BPL
26th March 2025
Berry Palmer & Lyle (BPL), a specialist Credit and Political Risk Insurance (CPRI) broker, has secured a long-term investment from private equity firm Preservation Capital Partners (PCP). Thanks to PCP’s minority investment, BPL will be able to secure its future as an independent, employee-owned firm. The investor’s expertise, network, and experience ... Read the full article
The Mutual Group welcomes Bansal as Chief Information and Technology Officer
26th March 2025
The Mutual Group, an integrated insurance operations platform serving the mutual industry, has appointed Vineet Bansal as its Chief Information and Technology Officer. Bringing over 20 years of global technology leadership from financial services, insurance, and private equity sectors, Bansal brings a proven track record of scaling and modernizing businesses through ... Read the full article
‘Lloyd’s continued to demonstrate its value’ in 2024: CEO Neal
25th March 2025
John Neal, Chief Executive Officer of Lloyd’s of London, has reflected on a year shaped by geopolitical instability, economic uncertainty, and accelerating technological change. In his statement, he began by expressing gratitude to employees and market members, stating, "I would like to thank members of the market and Corporation employees for ... Read the full article
Chaucer launches algorithmic smart consortium in international D&F property market
25th March 2025
Chaucer, a specialty insurance and reinsurance group, has launched a new international D&F property smart consortium, leveraging InsurX's exchange technology. The initiative introduces algorithmic capacity to the international D&F property market, allowing London market brokers to seamlessly follow Chaucer's quotes using InsurX’s exchange technology for internationally domiciled clients – regardless of ... Read the full article
The Fidelis Partnership promotes Nadia Beckert to CUO of Bermuda office
25th March 2025
The Fidelis Partnership has promoted Nadia Beckert to Chief Underwriting Officer at its Bermuda office, highlighting her dedication and ongoing contributions to the growth of the firm's reinsurance business in the region. Beckert joined Fidelis in 2021 and was promoted to Head of International Reinsurance in 2023. Before Fidelis, she was ... Read the full article
Kin secures $300m of Florida named storm reinsurance
25th March 2025
Kin Interinsurance Network, one of the reciprocal exchanges managed by digital home insurance provider Kin, has closed a $300 million catastrophe bond transaction through Hestia Re Ltd. According to Kin, the new cat bond, which provides multi-year indemnity-based protection against named storms in Florida, was upsized 50% from the initial 2025 ... Read the full article
David Lavins succeeds Darin Stafford as CFO at Amwins
25th March 2025
Amwins, a distributor of specialty insurance products and services, has announced the appointment of David Lavins as Chief Financial Officer (CFO), succeeding Darin Stafford, effective July 1st, 2025. Lavins is currently President of Amwins Access, a role he has held since January 2016. Under his leadership, the division grew significantly, expanding ... Read the full article
Lemonade passes $1bn in premiums
25th March 2025
Lemonade, the digital insurance firm powered by artificial intelligence (AI), has passed $1 billion of In Force Premium (IFP), marking a significant milestone for the company. This figure has achieved just 8.5 years after selling its first policy, and reflecting a ~150% compound annual growth rate. This rapid growth was enabled by ... Read the full article
A. J. Gallagher acquires Texas-based Litchfield Special Risks
25th March 2025
Risk Placement Services, Inc. (RPS), the US wholesale brokerage and binding authority and programs division of Arthur J. Gallagher & Co., has acquired Litchfield Special Risks, Inc. (LSR). Terms of the transaction were not disclosed. LSR, a wholesale insurance broker and managing general agency (MGA) based in El Paso, Texas, specialises ... Read the full article
Hymans Robertson names Wellard as Head of Alternative Risk Transfer Solutions
25th March 2025
Hymans Robertson, a pensions and financial services consultancy, has announced the appointment of Richard Wellard as Head of Alternative Risk Transfer Solutions. Wellard's new role will put him in charge of a team that supports Trustees and sponsors who are looking into newer risk transfer options. These options, which have seen a ... Read the full article
Aquarian launches Aquarian Insurance Holdings amid significant insurance & reinsurance growth
25th March 2025
Aquarian Holdings, a diversified global company with a portfolio in insurance and asset management, has announced the creation of Aquarian Insurance Holdings, bringing together its reinsurance and retail insurance businesses. Founded in 2017, Aquarian has grown to manage approximately $22 billion in assets, establishing itself as a significant presence in the ... Read the full article
Aqueous Underwriting promotes Dan Dorrell to Head of P&C
25th March 2025
MGA Aqueous Underwriting has promoted Dan Dorrell to the new Head of Property & Casualty role. Aqueous, a specialist in the professional indemnity and SME package (food, hospitality, leisure, and hotel) sectors, has stated that the move will enable the firm to focus on new product development in response to evolving ... Read the full article
Specialist Risk Group establishes regional hub in Singapore
25th March 2025
Insurance industry intermediary Specialist Risk Group (SRG) has formally launched its Asia Pacific operations, establishing a regional hub in Singapore, backed by Warburg Pincus and Temasek. This launch builds on the acquisition of the majority of SRG shares by the two Singapore-domiciled global investors in September 2024. The newly launched hub ... Read the full article
Alex Haines joins Everest Re as Global Head of Engineering
25th March 2025
Everest Reinsurance, the reinsurance division of Everest Group, Ltd., has announced the appointment of former Guy Carpenter Managing Director Alex Haines as Global Head of Engineering. In his new role at Everest, Haines will be reporting to Emily Davis, Head of the division’s Global Specialties business, which includes Aviation, Marine, Cyber, ... Read the full article
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