Reinsurance News
Talcott enters major reinsurance agreement with Japan Post Insurance
28th March 2025
Talcott Financial Group, a life insurance provider specialising in risk solutions, has announced a reinsurance agreement between its subsidiary, Talcott Life Re, Ltd., and Japan Post Insurance Co., Ltd. As part of the transaction, Talcott Life Re will reinsure a ¥550 billion ($3.6 billion) portfolio of in-force payout annuities, while Japan ... Read the full article
Everest promotes Jeanmarie Giordano to North America CUO
28th March 2025
Global reinsurance and insurance firm Everest has announced the promotion of Jeanmarie Giordano to the role of North America Chief Underwriting Officer. With nearly three decades of industry experience, Giordano brings extensive expertise to her new position. She joined Everest in September 2024 as Chief Underwriting Officer for Financial Lines & Specialty. Prior ... Read the full article
Phoenix Specialty welcomes experienced construction underwriter
28th March 2025
Phoenix Specialty (Phoenix), a construction-focused MGA, has strengthened its team with the addition of a new construction underwriter, reinforcing its commitment to growth following a year of significant expansion. Timothy Christmas joins Phoenix from RSA Insurance, where he served as a Senior Construction Underwriter. His career also includes roles at Zurich and ... Read the full article
Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance to merge
28th March 2025
MS&AD Insurance Group Holdings, Inc. announced its Board of Directors has decided to move forward with specific discussions and preparations for the merger of its two core domestic non-life insurance subsidiaries, Mitsui Sumitomo Insurance Co., Ltd. and Aioi Nissay Dowa Insurance Co., Ltd. In a statement MS&AD outlined its vision of ... Read the full article
Deadly earthquake strikes Myanmar, triggering widespread devastation
28th March 2025
A powerful 7.7 magnitude earthquake has struck Myanmar, causing widespread devastation, triggering tremors as far as Bangkok, Thailand, leading to building collapses, significant loss of life, and prompting Myanmar to declare a state of emergency. Myanmar's state media has reported that buildings have collapsed in at least five cities and towns. ... Read the full article
Reinsurers must adapt strategies to align with risk introduced by GLP-1 therapies: Gallagher Re
28th March 2025
Gallagher Re, a reinsurance brokerage and risk management services provider, has released a report on the impact of GLP-1 receptor agonists on medical trends and reinsurance. According to the report, as these therapies continue to reshape medical trends and insurance structures, reinsurance providers will need to adapt their strategies to align ... Read the full article
EPIC appoints James Enelow as Executive Managing Principal, Client Engagement
28th March 2025
EPIC Insurance Brokers & Consultants, a provider of insurance and risk management services, has announced the appointment of James Enelow as Executive Managing Principal, Client Engagement. In this role, Enelow will lead a coordinated approach to client engagement, aligning EPIC’s top talent and solutions with clients facing complex challenges. His leadership ... Read the full article
2024 a strong year for insurance carrier earnings despite pricing shifts and rising peril losses: Howden Re
28th March 2025
In 2024, global insurance carriers experienced a year of improved underwriting performance and capital recovery, which contrasted with growing concerns around reserving volatility and widening loss gaps, according to a recent analysis by Howden Re. One of the report’s central themes is the stabilisation of pricing following a period of significant ... Read the full article
hyperexponential launches suite of AI-powered capabilities
28th March 2025
Insurtech hyperexponential (hx) has launched a suite of AI-powered capabilities, hx AI, at its first AI event in London. According to the insurtech, hx AI is designed to revolutionise pricing, actuarial and underwriting productivity and decision-making in the insurance industry. To increase insurers' efficiency and profitability, hx AI introduces tools that harness ... Read the full article
Tokio Marine Kiln appoints James Wilson as Head of Special Risks
28th March 2025
Tokio Marine Kiln (TMK), a global specialty insurer, has appointed James Wilson as Head of Special Risks, starting in the autumn. In his new role, Wilson will report to Vivek Syal, Chief Underwriting Officer for TMK, and is tasked with expanding the firm's portfolio to establish lead market positions across all ... Read the full article
European reinsurers experience ROE improvement: Goldman Sachs
28th March 2025
Following strong returns in 2023 and 2024, return on equity (ROE) has improved for the European reinsurance sector, which has now exceeded cost of equity in three of the last four years, according to Goldman Sachs. Prior to 2023 and 2024, the reinsurance industry had only covered its cost of equity ... Read the full article
Mitsui Sumitomo Insurance agrees to acquire 15% of W. R. Berkley stock from third parties
28th March 2025
Japanese property and casualty (P&C) insurer Mitsui Sumitomo Insurance Co., Ltd. (MSI) has agreed to acquire 15% of commercial lines P&C insurance holding company, W. R. Berkley Corporation's outstanding common stock via open market purchases or private transactions with third parties. MSI has entered into the agreement with a company owned ... Read the full article
Strategic hires to power Arbol’s growth in AI, insurance and other sectors
28th March 2025
Global climate risk solutions platform Arbol has expanded its leadership team with strategic hires to drive growth across artificial intelligence (AI), insurance, agriculture, and energy storage. Arnav Tripathy, who has joined Arbol as its new Head of AI, will lead the company’s automation and machine learning initiatives across its insurance offerings. Tripathy ... Read the full article
Assurex Global expands network with Cowan Group partnership
28th March 2025
Assurex Global, a privately held commercial insurance, risk management, and employee benefits brokerage group, has announced the addition of Cowan Group Ltd. to its network, effective March 17, 2025. Established in 1927, Cowan Group Ltd., through its subsidiaries Cowan Insurance Group Ltd. and Cowan Benefits Ltd., offers a broad range of ... Read the full article
Venerable appoints Alvites VP, Head of Audit and Ellis as VP, Compliance
28th March 2025
Venerable, owner and manager of legacy variable annuity business, has announced the appointment of George Alvites and Angie Ellis as Vice President, Head of Audit and Vice President, Compliance, respectively. The firm also announced the promotion of Susan Clark and Alexandra Findleton to Vice President roles. Alvites brings to his new role ... Read the full article
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