Reinsurance News
Mereo selects Northern Trust for asset servicing and asset management capabilities
17th June 2025
Mereo Insurance Limited has selected Northern Trust to provide asset servicing and asset management solutions. Mereo is a Bermuda-based integrated reinsurance platform that launched in the first quarter of 2025 and underwrites a wide range of casualty, specialty, and property classes of business. Under the agreement, Northern Trust Asset Servicing will ... Read the full article
KCC introduces High Velocity models for faster catastrophe loss analysis
17th June 2025
Karen Clark & Company (KCC), a provider of catastrophe risk modelling solutions, has released a new set of High Velocity (HV) models aimed at streamlining the analysis of hurricane and severe convective storm (SCS) losses. These models are designed to support quicker assessments while remaining consistent with KCC’s ... Read the full article
ASR partners with Lloyd’s Lab graduate APP to enhance energy underwriting
17th June 2025
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has partnered with Asset Performance Partners (APP), a graduate of the 2024 Lloyd’s Lab, to enhance data insights and risk management in the energy insurance sector. APP reportedly provides real-time operational data and insights for energy asset operators. By combining performance data with ... Read the full article
McGill and Partners introduces cyber insurance specifically designed for Battery Energy Storage Systems
17th June 2025
McGill and Partners, a specialist insurance and reinsurance broker, has announced the launch of a new cybersecurity insurance solution tailored to the Battery Energy Storage Systems (BESS) sector. With growing digitisation across the energy industry, battery storage systems have become increasingly vulnerable to cyber threats. As these systems become more interconnected and ... Read the full article
Markel realigns US Wholesale and Specialty division to accelerate growth
17th June 2025
Markel Insurance, the insurance operations within Markel Group, has made new leadership appointments within its US Wholesale and Specialty division as part of a strategic regional realignment. Namely, Markel has revealed it is simplifying its structure from six US wholesale and two US retail regions to four integrated US regions. The firm ... Read the full article
B.P. Marsh acquires 27% stake in Cameron Specialty
17th June 2025
B.P. Marsh & Partners, a specialist private equity investor, has acquired a 27% shareholding in Cameron Specialty, a London-based underwriting agency. Founded in 2021, Cameron Specialty focuses on UK property insurance across the commercial combined and property owners sectors. The business is led by Founder and CEO Tom Kirkland. B.P. Marsh will ... Read the full article
Daws appointed Hamilton Re CEO, Baker to lead Global Specialty as Duffin named Group CUO
17th June 2025
Bermuda-based insurance and reinsurance company, Hamilton Insurance Group, has today announced that Adrian Daws will succeed Megan Graves as Chief Executive Officer (CEO) of Hamilton Re, with Alex Baker taking over from Daws as CEO of Hamilton Global Specialty. The appointments of Daws and Baker remain subject to requisite regulatory approvals, ... Read the full article
Cyber reputation risk events can reduce shareholder value by 27%: Aon
17th June 2025
Cyber events that cause reputation risks can lead to an average 27% drop in shareholder value, according to Aon's 2025 Global Cyber Risk Report. The report analysed more than 1,400 cyber events globally, identifying which types are most likely to evolve into reputation risk events and which are most damaging when ... Read the full article
The Hartford appoints Stephanie Lynch as Head of Ceded Reinsurance
17th June 2025
The Hartford, a provider of insurance and financial services, has appointed Stephanie Lynch as Head of Ceded Reinsurance. Lynch brings 15 years of industry experience to the role. She joined The Hartford in September 2023 as Cyber Underwriting Officer, where she focused on strategy, growth, and streamlining the company’s cyber portfolio. Previously, ... Read the full article
Fitch keeps European insurance sector outlook neutral at mid-year
17th June 2025
Fitch Ratings has noted that the European insurance sector outlook remains 'neutral' at mid-year 2025, driven by stable business conditions despite a weaker economic outlook and increased financial market volatility. At the same time, the rating agency has said individual countries’ life and non-life sector outlooks are 'neutral', except for Italian ... Read the full article
WTW names Farah Ismail as Senior Director, Head of Commercial Lines, ICT
17th June 2025
WTW, an advisory, broking, and solutions firm, has appointed Farah Ismail as Senior Director, Head of Commercial Lines within its Insurance Consulting and Technology (ICT) business in North America. Based in New York, Ismail will report to Laura Doddington, Head of Personal & Commercial Lines Consulting & Technology. In this role, Ismail ... Read the full article
IUA appoints three new directors amid organisational restructure
17th June 2025
The International Underwriting Association (IUA), the representative body for London company market insurers, has announced the appointment of three new directors as part of a wider organisational restructure, with these changes coming under the direction of Chris Jones, who became Chief Executive of the IUA on May 1. The restructure includes ... Read the full article
hyperexponential research highlights differences in AI strategy and governance between UK and US insurers
17th June 2025
New findings from Insurtech provider hyperexponential (hx) show that data ingestion is the most commonly adopted AI application in the insurance sector, with 95% of UK and 89% of US insurers incorporating it into their operations. The study, which surveyed 350 professionals in underwriting, actuarial, and IT roles across the Specialty ... Read the full article
BILTIR & ABI sign MoU to boost global reinsurance industry
17th June 2025
Bermuda International Long Term Insurers and Reinsurers (BILTIR) and the Association of British Insurers (ABI) have signed a Memorandum of Understanding (MoU) to enhance collaboration by sharing information and insights on critical industry issues. Under the agreement, which was signed at a Life and Annuity Reinsurance Forum in London, BILTIR and ... Read the full article
QBE appoints Henrik Larsen as Nordics General Manager
17th June 2025
Commercial insurer QBE has announced the appointment of Henrik Larsen as General Manager for the Nordics, effective 23rd June 2025. Based in Copenhagen, Larsen will lead QBE’s team across Denmark and Sweden to strengthen the company’s market position in the region. He will report to Beatriz Valenti, Director of Insurance, QBE ... Read the full article
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