Reinsurance News
Willis names Lockner as Strategic Client Advisor, North American AAIS team
18th July 2025
Willis, a WTW business, has appointed Cecelia Lockner as Senior Director, Strategic Client Advisor within the North American Alternative Asset Insurance Solutions (AAIS) division. The appointment aligns with Willis’ strategy to provide insurance solutions grounded in deep industry expertise with a focus on client outcomes. Lockner brings over 15 years of experience ... Read the full article
Pen Underwriting extends SiriusPoint partnership into PI
18th July 2025
Pen Underwriting, a specialist underwriting agency in the UK, has expanded its partnership with global re/insurer SiriusPoint through a new capacity deal in support of international professional indemnity (PI) risks. As per the terms of the agreement, SiriusPoint will have 100% capacity for Pen’s international PI portfolio, with its dedicated London ... Read the full article
Casualty insurers to be impacted by Los Angeles wildfires: Moody’s
18th July 2025
The insurance industry is bracing for a multi-million dollar impact, with casualty insurers facing significant liabilities from various potential triggers following the devastating wildfires that impacted Los Angeles in January 2025 - which burned over 50,000 acres and 20,000 structures and claimed 30 lives - according to a recent report ... Read the full article
LSN Ré Walbaum names Heroui Director of P&C Reinsurance
18th July 2025
French reinsurance broker, LSN Ré Walbaum, has announced the appointment of Lynda Heroui as Director of P&C Reinsurance, who will be reporting to Benoît Butel, the company’s President. LSN Ré Walbaum, a subsidiary of the LSN Assurances group, offers comprehensive and innovative reinsurance solutions, providing services in both non-life and personal ... Read the full article
Tonga renews parametric reinsurance with PCRIC to boost disaster resilience
18th July 2025
The Kingdom of Tonga has strengthened its disaster risk financing by renewing its parametric reinsurance policies with the Pacific Catastrophe Risk Insurance Company (PCRIC), which includes a significant increase in the government’s premium contribution, from USD 125,000 to USD 1 million. This renewed policy is expected to provide comprehensive coverage of ... Read the full article
Mosaic Insurance adds three senior industry leaders to Advisory Board
18th July 2025
Mosaic Insurance, a specialty insurer focused on complex and emerging risks, has strengthened its Advisory Board with the addition of senior industry leaders Peter Breitstone, George Hanna, and Tom Kim for strategic growth. The trio will focus on market engagement, innovation, strategy, and thought leadership throughout the firm. This follows the appointment ... Read the full article
Multi-stakeholder approach key to narrowing nat cat protection gap: G20 South Africa side event
18th July 2025
Addressing the widening natural catastrophe insurance protection gap requires a multi-stakeholder approach, including public-private partnerships, investments in risk reduction and resilience, and innovative insurance solutions, according to keynote speakers at a G20 South Africa side event in Durban. The protection gap poses a global challenge, affecting both advanced and emerging market ... Read the full article
WTW’s Fannin named Head of Corporate Actuarial & CRO for Hannover Re UK Life Branch
18th July 2025
Nicola Fannin has been appointed General Manager, Head of Corporate Actuarial and Chief Risk Officer for Hannover Re UK Life Branch. Fannin is succeeding Rael Davis, who was appointed Chief Financial Officer for the Hannover Re UK Life Branch on 1 November 2024. The executive brings over 21 years of industry experience ... Read the full article
Price Forbes adds construction coverage to expanding Lectio facility
18th July 2025
Specialty insurance broker Price Forbes has announced the latest extension of its exclusive underwriting facility, Lectio, which now includes construction and builders risk coverage. This move broadens the scope of the facility, further enhancing its ability to support complex risks across multiple industries. The newly added coverage applies to short-term construction projects ... Read the full article
Samsung Re appoints Sie Liang Lau as Head of Cyber and Casualty
18th July 2025
Samsung Reinsurance (Samsung Re), a subsidiary of Samsung Fire & Marine Insurance (SFMI), has appointed Sie Liang Lau as Head of Cyber and Casualty, effective June 23rd, 2025. Based in Singapore, Lau will lead the development of Samsung Re’s Cyber and Casualty portfolios across Asia Pacific and the Middle East & ... Read the full article
Munich Re-backed Squalify expands into US with new client and platform updates
18th July 2025
Squalify, a cyber risk quantification platform supported by reinsurer Munich Re, has entered the US market, securing its first significant customer and releasing updates to its platform aimed at expressing cyber risk in financial terms. The Munich-based company, licensed to use Munich Re’s cyber risk quantification model, is extending its presence ... Read the full article
Aon announces three executive leader appointments within EMEA commercial risk team
18th July 2025
Global insurance and reinsurance broking group Aon has appointed three senior leaders within its Europe, the Middle East, and Africa (EMEA) Commercial Risk team, as the firm looks to drive growth across the region as part of its 3x3 Plan. The broker has appointed Paul Young as Specialty Leader for EMEA ... Read the full article
Swiss Re backs SDSN paper on insurance’s role in advancing sustainable development
18th July 2025
Global reinsurer Swiss Re supports a research-backed paper from the UN Sustainable Development Solutions Network (SDSN) which highlights the critical role insurance can play in advancing sustainable development, calling for stronger public-private partnerships to close the global protection gap. Authored by Lorcán Hall and Patrick Paul Walsh of SDSN, the report ... Read the full article
Aspen names John Welch as Group Chief Underwriting Officer
18th July 2025
Bermuda domiciled insurer and reinsurer Aspen Insurance Holdings has appointed John Welch as Group Chief Underwriting Officer (CUO), effective August 1st, 2025. In his new role, Welch will report to Christian Dunleavy, Group President and Chief Executive Officer of Aspen Bermuda Limited. He will be responsible for overseeing, developing, and executing Aspen’s ... Read the full article
AXIS adds Abdelrahman as Senior Underwriter and Assistant VP, Renewable Energy
18th July 2025
Bermuda-domiciled insurer and reinsurer AXIS Capital Holdings has appointed Moustafa Abdelrahman as Senior Underwriter and Assistant Vice President (VP), Renewable Energy. He becomes AXIS’ first Renewables property underwriter to be based in Toronto, reinforcing the firm’s commitment to clients across Canada. Abdelrahman will work closely with brokers and customers, as well as ... Read the full article
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