Reinsurance News
European demand for aggregate covers resurges as insurers seek frequency protection: Gallagher Re’s Dowlen
11th June 2025
European cedants are showing renewed interest in aggregate catastrophe reinsurance coverage, as elevated retentions and heightened sensitivity to the potential impact of an increased frequency of events put pressure on underwriting earnings, according to Hamish Dowlen, Managing Director and Head of EMEA at Gallagher Re. Speaking to Reinsurance News, Dowlen noted that ... Read the full article
European MGA market growth is outpacing US and global benchmarks: Howden Re
11th June 2025
In a new report, Howden Re reveals that the European Managing General Agent (MGA) ecosystem is growing at a five-year compound annual growth rate (CAGR) of approximately 23%, outpacing both US and global benchmarks. There are over 650 MGAs across Europe with approximately €18 billion in gross written premiums in 2024 ... Read the full article
Ategrity Specialty Insurance IPO to raise $113.3m
11th June 2025
Ategrity Specialty Insurance Company Holdings, formerly known as Ategrity Specialty Holdings LLC, launched its initial public offering (IPO) of 6,666,667 shares earlier this month and has now confirmed the offering pricing at $17 per share, which is above the previous range of $14 to $16 per share. It is estimated ... Read the full article
Wajahat Khawaja appointed Head of Governance and Controls at MNK Group
11th June 2025
Wajahat Khawaja has taken on the role of Head of Governance and Controls at MNK Group, an independent organisation operating across various sectors of the insurance industry. Bringing over three decades of experience, including extensive work internationally, Khawaja has contributed to the development of governance frameworks and control mechanisms for leading ... Read the full article
Samsung Fire & Marine ups stake in Canopius with new $570m investment
11th June 2025
Samsung Fire & Marine Insurance (SFMI) has lifted its stake in specialty and P&C re/insurer Canopius following the signing of an additional equity investment contract worth $570 million. This additional 21% stake has been purchased from existing shareholders Fidentia Fortuna Holdings, which is led by the U.S. private equity firm Centerbridge ... Read the full article
Untapped potential of AI in the insurance sector: Genpact
11th June 2025
Despite 69% of insurance companies having adopted AI, only 36% of US customers report improved digital experiences, highlighting the industry’s ongoing challenge to effectively scale AI to enhance customer experience and drive growth, according to a report by Genpact, in collaboration with Amazon Web Services (AWS). The research is based on ... Read the full article
US commercial insurance rates up 5.3% in Q1’25: WTW
11th June 2025
The latest findings of WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), reveals that US commercial insurance rates have continued a downward trajectory compared with the prior two quarters, despite an increase of 5.3% in the first quarter of 2025. CLIPS compares premiums for policies underwritten during the first quarter of 2025 ... Read the full article
Xceedance’s MIS invests in DigsFact to advance AI-powered property inspections
11th June 2025
Millennium Information Services (MIS), a provider of property inspection solutions for the insurance industry, has made a strategic investment in DigsFact, an artificial intelligence (AI) company specialising in real-time virtual inspections and automation, aiming to advance property inspections. MIS was acquired by global technology and digital solutions provider Xceedance late ... Read the full article
Swiss Re Corporate Solutions appoints Adrian Hall as CEO of United States
11th June 2025
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has appointed Adrian Hall as the Chief Executive Officer (CEO) of the United States branch. The firm explained that his leadership marks "a pivotal step in its renewed market unit structure, strengthening the firm's ability to move ... Read the full article
Pool Re selects Clearwater Analytics to modernise investment operations
11th June 2025
Great Britain’s government-backed terrorism reinsurer, Pool Re, has chosen Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to modernise its investment operations, accounting, and risk management infrastructure. After a 2024 tender process, Pool Re, which oversees more than £7.2 billion in assets, has adopted Clearwater’s platform ... Read the full article
Reinsurers may re-evaluate Canadian exposure amid rising wildfire losses: Morningstar DBRS
10th June 2025
With Canada’s 2025 wildfire season poised to become one of the most destructive on record following a historically damaging 2024, reinsurers are likely to re-evaluate their Canadian exposure, according to a recent report by Morningstar DBRS. As of June 2025, Canada’s wildfire season is once again testing the resilience of the ... Read the full article
Arundo Re appoints Raphaël Marin as Non-Life Underwriter & Actuary for LatAm
10th June 2025
Arundo Re, the French reinsurance company, has named Raphaël Marin as Non-Life Underwriter and Actuary for the Latin America (LatAm) market. With over thirteen years of experience in the insurance and reinsurance sectors, he has built a strong professional background working in both France and internationally. His career includes positions at well-known ... Read the full article
Premia’s Alan Gray selected to serve as manager for ECRA and CMC pools
10th June 2025
Alan Gray LLC, in conjunction with its wholly owned subsidiary A.G. Risk Management, Inc., has been appointed under a Pool Manager Agreement to serve as the successor pool manager for the Excess and Casualty Reinsurance Association (ECRA) and Carpenter Management Corporation (CMC) reinsurance pools. The ECRA and CMC reinsurance pools, which ... Read the full article
Arden appoints Tim Henry as COO and Brian Sheekey as CFO
10th June 2025
Arden Insurance Services, a tech-enabled managing general agency (MGA), has announced the appointments of Tim Henry as Chief Operating Officer (COO) and Brian Sheekey as Chief Financial Officer (CFO). Henry brings deep expertise in product management, operational performance improvement, and strategy execution. He joins Arden from Farmers Insurance, where he most recently ... Read the full article
Reminder: Register for the Artemis live webinar on cat bond and ILS market trends at mid-year 2025
10th June 2025
Artemis, our insurance-linked securities (ILS) focused sister publication, is hosting a webinar on June 17th, 2025, at 10am EST in the US (3pm BST UK), in collaboration with Computershare, during which market experts will discuss the state of the catastrophe bond and related ILS sector at mid-year 2025. Read the full article
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