Reinsurance News
AXIS promotes Peter Smith and Tara Sapru to leaders in Global Cyber & Technology
4th June 2025
Bermuda-domiciled insurer and reinsurer AXIS Capital Holdings has appointed Peter Smith as the Head of Cyber North America and Tara Sapru as the Head of Technical Underwriting in its Global Cyber & Technology (GCT) team, effective immediately. As the Head of Cyber North America, Smith will lead underwriting strategy and efforts ... Read the full article
Africa Re sees net profit climb 32.5% to $22.5m in Q1’25
4th June 2025
The African Reinsurance Corporation has reported an overall net profit for Q1 2025 of $22.5 million, marking an increase of 32.5% compared to a profit of $16.9 million achieved in the same period of 2024. According to the firm, the net income increase was driven by an improvement in underwriting profit, ... Read the full article
Mosaic Insurance announces key leadership changes to strengthen global market presence
4th June 2025
Mosaic Insurance, a specialty underwriter, has announced key leadership changes to support its continued expansion. Yosha DeLong has been promoted to Global Engagement Officer, while cyber insurance veteran Brian Bonkoski joins the firm as Global Head of Cyber. Since Mosaic’s launch in February 2021, DeLong, based in Chicago, has been instrumental in ... Read the full article
Cyberwrite and Markel Insurance expand partnership to advance cyber underwriting
4th June 2025
Cyberwrite, a cyber insurance technology firm, and Markel Insurance, the insurance operations within Markel Group, have expanded their partnership to enhance underwriting capabilities, broker enablement, and cyber risk modelling across Europe. Markel Europe has been leveraging Cyberwrite’s AI-driven technology to help underwriters assess and model exposures more effectively, and to communicate ... Read the full article
Howden appoints Peter Steiner as Executive Director Agriculture & Nature Parametrics
4th June 2025
Global insurance and reinsurance broker Howden has appointed Peter Steiner as Executive Director, Agriculture & Nature Parametrics. Steiner joins Howden after nine years at Syngenta, where he began in May 2016 as Global Financial Solutions Manager. He is the owner and creator of AgriClime Risk Management and the AgriClime finance/credit systems, and ... Read the full article
Ategrity Specialty could raise up to $106.7m from IPO
4th June 2025
Ategrity Specialty Holdings LLC has launched its initial public offering (IPO) of 6,666,667 shares of common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the SEC). Prior to the closing of the offering, the company will convert to a Nevada corporation named Ategrity ... Read the full article
Aon appoints Chris Knutson as Chief Claims Officer for Global Broking Centre
4th June 2025
Global insurance and reinsurance broker Aon has announced the appointment of Chris Knutson as Chief Claims Officer, Global Broking Centre (GBC). In this role, Knutson will lead more than 100 claims professionals dedicated to the London Market. He will report to Tracy-Lee Kus, Head of GBC, and will also join the Global ... Read the full article
Data Council leads industry push for shared data standards across London market
4th June 2025
The Data Council, a cross-market body made up of senior representatives from key London Market organisations, has launched a high-profile campaign to encourage the widespread adoption of a single shared data standard. Backed by industry CEOs, the initiative aims to demonstrate how common data practices can remove friction, boost efficiency, and ... Read the full article
Reinsurers have ‘three organic options’ to strengthen market position: BCG
3rd June 2025
As concentration in reinsurance increases, those players who want to secure a stronger place in the market, or just stay relevant, have three organic options: expand their offerings, expand where they play, or expand their relationships, Boston Consulting Group (BCG) analysts highlight in a recent report. For over four decades, the ... Read the full article
Howden Re and Rivonia Road Capital expand financing for insurance professionals
3rd June 2025
Howden Re, the reinsurance, capital markets, and strategic advisory division of Howden, an insurance intermediary group, has formed a Strategic Cooperation Agreement with Rivonia Road Capital, a US-based credit investment firm. This collaboration is focused on delivering tailored financing solutions to insurance agents, brokers, and other industry participants, with a special ... Read the full article
Mangrove completes inaugural cat reinsurance program
3rd June 2025
Mangrove Property Insurance Company has finalised its catastrophe reinsurance program for the 2025 Atlantic hurricane season, protecting the firm and its policyholders to the 175-year return period and for events exceeding any in the historical record. The newly formed Florida insurer's reinsurance program, which exceeds all regulatory and rating agency requirements, ... Read the full article
Allianz UK appoints Akhil Lalwani as Chief Data Officer amid data function overhaul
3rd June 2025
Allianz UK, part of the global financial services provider Allianz Group, has appointed Akhil Lalwani as its new Chief Data Officer (CDO). The move follows the company’s decision to create a centralised data function, aimed at aligning its data strategy across key business areas. Lalwani will report to Fergal Coburn, Chief ... Read the full article
M&A becoming essential for insurance brokers as organic growth slows: Evercore ISI
3rd June 2025
Evercore ISI, an independent investment banking advisory and research firm, highlights a significant shift in the insurance brokerage industry. As organic growth begins to slow due to broader economic factors, mergers and acquisitions (M&A) are emerging as a critical strategy for brokers aiming to sustain and enhance their growth trajectories. Their analysis ... Read the full article
Skyward Specialty launches new Aviation underwriting unit
3rd June 2025
Property and casualty insurer Skyward Specialty has entered the specialised aviation market with the launch of a new Aviation underwriting unit following the acquisition of Acceleration Aviation Underwriters assets last year. Chris Jones, founder of Acceleration Aviation Underwriters, commented: “For the Acceleration team, this is the culmination of our decades ... Read the full article
Arch Re promotes Soares, Jal and Seyller to key leadership roles
3rd June 2025
Arch Reinsurance Group (Arch Re), the reinsurance arm of Arch Capital Group, has announced the promotions of William Soares to President of Arch Re Ltd.; Pierre Jal to President of Arch Reinsurance Europe Underwriting dac (Arch Re Europe); and David Seyller to Chief Underwriting Officer of Arch Re Europe. As President ... Read the full article
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