Reinsurance News
Stonybrook Risk provides parametric coverage for Caribbean-based client
17th September 2025
Stonybrook Risk Management, a wholly-owned subsidiary of Stonybrook Capital and licensed reinsurance intermediary, has completed a parametric insurance transaction for a Caribbean-based client. The transaction was led by parametric veteran Dan Butzbaugh and utilised a parametric solution to replace traditional insurance as per the needs of the client. The company explained, buyers ... Read the full article
You Re appoints Dan Palardy as Chief Actuary and Treaty Underwriter
17th September 2025
You Re, a reinsurance company that combines traditional underwriting practices with a data-driven technology platform, announces that Dan Palardy has joined as Chief Actuary and Treaty Underwriter. His appointment follows the establishment of You Re’s US entity and the opening of its New York office. Palardy has extensive experience in actuarial, underwriting, ... Read the full article
KCC launches RiskInsight 4.15 to support efficient catastrophe risk modelling
17th September 2025
Karen Clark & Company (KCC), a catastrophe risk modelling firm that provides services to the insurance and reinsurance industry, has announced the release of RiskInsight Version 4.15, the latest iteration of its open loss modelling platform. This version introduces substantial system and performance enhancements, improving speed, scalability, and computational power for ... Read the full article
DUAL and Hiscox announce high-net-worth insurance partnership in Ireland
17th September 2025
DUAL Underwriting Ireland DAC (DUAL) has announced a new high-net-worth (HNW) insurance partnership with Hiscox Ireland, in a move set to reshape the Irish high-net-worth (HNW) insurance landscape. The collaboration aims to create one of the largest providers of specialist HNW products in the Irish market, leveraging the combined strengths of ... Read the full article
hyperexponential expands AI-powered pricing and underwriting platform with new launch
17th September 2025
hyperexponential (hx) has expanded its AI-powered platform with the launch of Triage, a new product that enables commercial P&C insurers to respond to broker submissions faster, prioritise the right risks, and write more profitable business. Triage joins Portfolio Intelligence and AI Agents to create the industry’s first fully integrated pricing and ... Read the full article
Willis Re names AssuredPartners’ Sankha Ghosh as EVP and Group CIO
17th September 2025
Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has hired Sankha Ghosh from AssuredPartners as Executive Vice President (EVP) and Group Chief Information Officer (CIO). Sankha has over 27 years of technology leadership experience, spanning across business transformation, digital innovation, cloud capabilities, data management, and ... Read the full article
Guidewire to develop PolicyCenter functionality for Japanese market
17th September 2025
Guidewire, a provider of software solutions for the insurance industry, has commenced developing functionality for PolicyCenter on Guidewire Cloud tailored to the Japanese market. In order to accelerate the efforts, Guidewire will collaborate with Capgemini in Japan and Nomura Research Institute (NRI). This is part of Guidewire’s ongoing commitment to the Japanese ... Read the full article
Parametric insurance can be ‘transformational’ in narrowing protection gap: Aon
17th September 2025
Aon's Elizabeth Henderson has highlighted a $223 billion climate protection gap, warning that traditional insurance models are often too slow and complex to keep pace with fast-moving climate disasters, particularly in resource-constrained regions, while pointing to parametric insurance as a potential catalyst for transformational change. Aon's Global Head of Climate Advisory ... Read the full article
Gallagher names Ryan Witchard Executive Director for Middle East & Africa Marine practice
17th September 2025
Insurance and risk management firm Gallagher has appointed Ryan Witchard as Executive Director of its Middle East & Africa Marine practice. In his new role, Witchard will oversee the team advising clients on shipping, cargo, hull, and machinery insurance matters. Based at Gallagher’s regional headquarters in the Dubai International Financial Centre (DIFC), ... Read the full article
Applied Crisis Underwriters approved as Lloyd’s coverholder
17th September 2025
Applied Crisis Underwriters, an affiliate of Applied Underwriters, has announced that it has been approved as a Lloyd’s coverholder. Based in London, New York, and Miami, Applied Crisis Underwriters provides specialised coverage for political violence and war perils worldwide. Led by experienced professionals, it leverages advanced technology to deliver tailored underwriting solutions. All ... Read the full article
Tangram spins out from Heffernan and launches new MGA platform
17th September 2025
Tangram Insurance Services has completed its spin-out from Heffernan Insurance Brokers and will become the inaugural portfolio company of Balavant Insurance Group, a newly formed holding company backed by investment from SkyKnight Capital. Tangram described the separation as a pivotal step in its growth strategy within the MGA sector. The establishment of ... Read the full article
David Turner to lead SiriusPoint’s global Claims function
17th September 2025
Specialty insurer and reinsurer SiriusPoint has announced the appointment of David Turner as Global Head of Claims, a London-based role. From October 7, 2025, Turner will lead the global Claims function, overseeing teams across London and New York. He will be reporting to Scott Egan, ... Read the full article
Daniel Tasch named CEO of Marsh McLennan Austria
17th September 2025
Global insurance and reinsurance broker Marsh McLennan has announced the appointment of Daniel Tasch as CEO of Marsh McLennan, Austria, effective 1st October 2025. Based in Vienna, Tasch will report to Cristian Fugaciu, Co-CEO of Marsh McLennan Central & Eastern Europe and CEO of Marsh Romania. In his new role, he will ... Read the full article
Allianz Trade announces new CEO appointment for Hong Kong Hub
17th September 2025
Allianz Trade, a provider of trade credit insurance and a recognised expert in surety, collections, structured trade credit, and political risk, has announced the appointment of Hassan Omaish as Chief Executive Officer for Hong Kong, South Korea, and Taiwan (the Hong Kong Hub), effective 1 October 2025. He will succeed Edmond ... Read the full article
Swiss Re to create single platform for ILS investment management offering
17th September 2025
Swiss Re has announced the formation of a single platform for its insurance-linked securities (ILS) investment management offering, combining two teams to provide investors with access to its entire suite of products through a single manager. Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC) was established in 2022 and is a SEC-registered ... Read the full article
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