Reinsurance News
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
Guy Carpenter and Valloop enable £40bn in surety capacity for SME employee buyouts
18th June 2025
Guy Carpenter, a risk and reinsurance specialist, has announced a partnership with Valloop, a financial platform focused on employee ownership, to support employee buyouts of small and medium-sized enterprises (SMEs) through a new financial structure. The collaboration secures up to £39 billion in surety-backed capital from a consortium of reinsurers. This funding ... Read the full article
Legacy Roundtable: Stakeholders eager to close perception gap & advance run-off market
18th June 2025
Around the annual meeting of the legacy insurance and reinsurance marketplace in Brighton, UK, last month, we hosted a roundtable discussion in partnership with global reinsurer Swiss Re, during which experts from across the market discussed trends, opportunities and challenges for the run-off world. Held on May 12th, 2025, it was ... Read the full article
Arch Insurance UK promotes Mark McGrady to Liability Underwriting Manager
18th June 2025
Arch Insurance UK Regional Division has announced the promotion of Mark McGrady to Liability Underwriting Manager. McGrady will report to Stuart Danskin, Director of Underwriting for the UK Regional Division. In his new role, McGrady will lead the company’s underwriting activities across the product-led liability portfolio while continuing to drive growth for ... Read the full article
Testudo launches AI insurance underwriting platform backed by Lloyd’s Lab
18th June 2025
Lloyd’s of London-backed start-up Testudo, part of Lloyd’s Lab innovation accelerator, has launched a new data and technology platform aimed at underwriting insurance policies for risks associated with artificial intelligence. Testudo, a company incubated through several legal and enterprise accelerators and supported by investors including LocalGlobe and Goldman Sachs partners, seeks ... Read the full article
Tokio Marine HCC appoints Elizabeth Geary as President & CEO, NA P&C
18th June 2025
Tokio Marine HCC (TMHCC), a specialty insurance provider, has announced the appointment of Elizabeth Geary to the newly created role of President & CEO of North America P&C, effective June 30th, 2025. Based in New York City, Geary will report to Susan Rivera, CEO of Tokio Marine HCC. In her new role, ... Read the full article
Slide to receive $283m from upsized IPO
18th June 2025
Slide Insurance has announced the pricing of its upsized initial public offering of 24,000,000 shares of its common stock, par value per share $0.01, at a public offering price of $17.00 per share. Slide has revealed that it is offering 16,666,667 shares, and certain selling stockholders are offering 7,333,333 shares. Based on ... Read the full article
Howden acquires Chilean retail insurance broker U&F
18th June 2025
Howden, the global insurance and reinsurance broking group, has acquired a Santiago-headquartered independent retail insurance broker, Ureta & Fernandez Corredores de Seguros Limitada (U&F). U&F was founded in 2010 by Felipe Ureta, the current Chief Executive Officer (CEO), with Matias Fernandez joining shortly after. The broker specialises in P&C, motor, civil liability, ... Read the full article
Resilience names Colonel Judson C. Dressler to lead Risk Operations Centre expansion
18th June 2025
Resilience, a provider of cyber risk solutions, has announced that recently retired Colonel Judson C. Dressler will join the company to lead its Risk Operations Centre (ROC). Dressler will be responsible for overseeing the expansion of the ROC—an internal risk intelligence and threat hunting capability designed to identify cyber risks early ... Read the full article
Barents Re and subsidiaries get A- ratings with stable outlook from S&P
18th June 2025
Credit rating company S&P Global Ratings has assigned independent reinsurance group, Barents Re Reinsurance Company Inc. (Cayman Islands), and two of its subsidiaries (collectively Barents Re) an 'A-' long-term issuer credit and financial strength ratings with a stable outlook. The two subsidiaries with the 'A-' long-term financial strength ratings are Barents ... Read the full article
Liberty Specialty Markets restructures UK & MENA operations with new division leads
18th June 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has introduced new leadership roles to oversee three recently established divisions in its UK and MENA region: marine & aviation, specialty, and property. This restructuring is part of an effort to adjust the delegated authority framework in response to shifting market ... Read the full article
European insurers to increase private credit allocations, according to Moody’s
18th June 2025
Moody’s Ratings, a provider of credit ratings, research, and risk analysis, expects European insurers to significantly increase their exposure to private credit investments in the coming years. As of 2024, these assets accounted for approximately 13% of total insurer investment portfolios, based on Moody’s broad definition of private credit, which includes ... Read the full article
HDI Global names Alexandrine Ajavon as General Manager Global Network Africa
18th June 2025
Commercial and specialty lines insurer HDI Global SE has announced the appointment of Alexandrine Ajavon as General Manager Global Network Africa, report to Martial Fuge, Head of Global Network at HDI Global. In her new role based in Paris, Ajavon will manage relationships with HDI Global’s network partners in Africa and support ... Read the full article
Descartes Underwriting secures investment from Battery Ventures
17th June 2025
Battery Ventures, a global technology-focused investment firm, has made a strategic investment in Descartes Underwriting, a global corporate parametric insurance specialist. The transaction was executed at a premium to Descartes’ most recent Series B valuation. It allows Battery to join the company’s shareholder base, while all existing investors retain a large ... Read the full article
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