Reinsurance News
Marsh appoints Amy Barnes as Global Head of Energy & Power
19th March 2025
Marsh, the insurance broker and risk advisor under Marsh McLennan, has appointed Amy Barnes as Global Head of Energy & Power, effective immediately, based in London. Additionally, the broker has appointed Andrew Herring as Global Chair of Energy & Power, effective January 1st, 2026, based in London. Herring has been with ... Read the full article
European insurance M&A surges 20% in 2024: FTI Consulting
19th March 2025
A new report from FTI Consulting has revealed that European insurance mergers and acquisitions (M&A) remained robust in 2024, reaching a record 694 announced deals, a rise of over 20% from the 574 deals recorded in 2023. As per the report, Broker acquisitions remain a major trend, driven by organic growth ... Read the full article
VIG expands presence in Poland by investing in Phinance
19th March 2025
Vienna Insurance Group (VIG) is expanding its market presence in Poland with the acquisition of a 48.82% stake in Phinance, one of the country’s largest financial brokers. Phinance specialises in insurance sales, financial consulting, and the sale of investment and credit products. The acquisition was approved by the Polish Office for Competition ... Read the full article
Jensten launches new broker network to support insurance professionals
19th March 2025
Jensten Group, a provider of insurance services in the UK, has launched the Jensten Network, a new broker network aimed at offering insurance professionals and independent brokers across the country flexible opportunities for business growth. The network is designed to support professionals at various stages of their careers, providing them with ... Read the full article
Elementum appoints Jeff Davis and Paul Barker to newly created CIO roles
19th March 2025
Elementum, an alternative investment manager specialising in collateralised natural catastrophe reinsurance investments, has appointed Jeff Davis as Chief Investment Officer (CIO), Catastrophe Bonds and Paul Barker as CIO of Private ILS. The firm states that this transition acknowledges Davis and Barker’s success in leading their respective teams and developing investment strategies ... Read the full article
Talanx sees net income climb 25% in 2024 as insurance revenue hits €48.1bn
19th March 2025
Talanx has disclosed a net income of €1.977 billion for 2024, up 25% over the previous year, while the firm's combined ratio also improved to 90.3%. At the same time, Talanx's insurance revenue rose 11% to €48.1 billion in 2024, while the firm's operating profit (EBIT) reached €4.9 billion. All divisions reportedly ... Read the full article
Reask appoints Joss Matthewman as Chief Revenue Officer
19th March 2025
Reask, a climate analytics and technology-driven risk modelling firm, has announced the appointment of Joss Matthewman as Chief Revenue Officer. Matthewman brings extensive experience in re/insurance and catastrophe modelling, with a deep understanding of how models are built, applied, and scaled across global re/insurance, parametric insurance, and ILS markets. He joins Reask ... Read the full article
PartnerRe reports non-life CoR of 90.6% for 2024 as GPW rises to $9.35bn
19th March 2025
Bermuda-domiciled reinsurer PartnerRe has reported a non-life combined ratio of 90.6% for the full year 2024 (FY’24), as the underwriting result reached $532 million, driven by the specialty segment contributing $331 million and the property and casualty (P&C) segment contributing $201 million. Group-wide, PartnerRe's gross premiums written (GPW) for FY’24 were ... Read the full article
QBE Asia appoints Chie Yamamura as Head of Japan Desk
19th March 2025
QBE Asia strengthens its facultative reinsurance (Wholesale) business across Asia with the appointment of Chie Yamamura as Head of Japan Desk, effective April 1st, 2025. Based in Singapore, Yamamura will lead QBE’s Japan Facultative strategy, drive business development, and strengthen partnerships with brokers and cedants in Japan and across Asia. She ... Read the full article
Vitesse and Five Sigma partnership aims to enhance insurance claims processing
19th March 2025
Vitesse, a global treasury and payment provider for the insurance industry, and Five Sigma, a pioneer in AI-native claims management technology, aim to modernise claims payouts with their new partnership. With this alliance, both firms look to address the critical need for insurers to modernize their infrastructure, offering a seamless Plug ... Read the full article
AXA XL promotes Croese & Huete Santos in Construction & Energy Underwriting
19th March 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced two internal promotions within its APAC & Europe Construction and Energy Underwriting team. Olivier Croese has been promoted to Head of Construction & Energy Underwriting for APAC & Europe. With deep expertise in the energy ... Read the full article
Merino to lead Beazley’s Renewable Energy team in Spain & Portugal
19th March 2025
Specialty insurer Beazley has appointed Teresa Merino as Renewable Energy Regional Manager for Spain & Portugal, with immediate effect. This strategic move comes as Spain and Portugal pursue ambitious renewable energy targets, driving a growing need for specialised risk management and insurance solutions to support the development of an effective renewable ... Read the full article
Nearmap launches AI-powered Portfolio Intelligence solution
19th March 2025
Nearmap, a provider of property intelligence to insurers, has launched Portfolio Intelligence, an AI-powered pre-built solution to enable insurers to assess a whole property portfolio. The firm aims to provide comprehensive intelligence so insurers can visualise and assess risk distribution to enhance portfolio resilience, evaluate portfolio performance by agency or region, ... Read the full article
US P&C industry sees $22.9bn underwriting gain in 2024, reports AM Best
18th March 2025
According to recent analysis from global credit rating agency AM Best, the US property and casualty (P&C) industry recorded a $22.9 billion net underwriting gain in 2024, the first underwriting profit since 2020. This marks a significant improvement from the $21.3 billion underwriting loss reported by the sector in the previous ... Read the full article
Tysers promotes Cox and Walker to joint Deputy MDs for Marine & Aviation
18th March 2025
Tysers, an independent Lloyd’s broker and member of the Australian AUB Group, has strengthened its senior Marine & Aviation team with the promotion of Craig Cox and Tom Walker as Joint Deputy Managing Directors, Amos Brattle to Head of Cargo and Mark Rees to Head of Hull & War. These ... Read the full article
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