Reinsurance News
Mark Pepper: Ascot will prioritise client selection and cat retentions in 2026 renewals
10th September 2025
In a recent Reinsurance News interview at the Monte Carlo Rendez-Vous conference, Mark Pepper, Group Chief Underwriting Officer at Ascot, the specialty re/insurance group, shared his perspective on the upcoming January 1 renewals. As Pepper explained, Ascot will continue to focus on client selection as the renewal season approaches. "It is ... Read the full article
Aviation insurance market adjusts to rising losses: Guy Carpenter
10th September 2025
Guy Carpenter, a risk and reinsurance advisory firm, reports in its Global Specialties Market Update that aviation insurance is shifting due to major airline losses and rising smaller-scale claims. In the United States, the general aviation sector is facing increasing rating pressures after a period of stability, with some segments seeing ... Read the full article
Innovations and evolution main topics for PwC at RVS ‘25
10th September 2025
At this year's RVS in Monte Carlo, the conversations have gone beyond the topic of rates and pricing, shifting to the broader evolution of the industry itself, Jim Bichard, Global Insurance Leader at PwC, stated in an interview with Reinsurance News during the yearly event. “Rates and pricing have been a ... Read the full article
JBA Risk Management launches new India crop catastrophe model
10th September 2025
UK-domiciled flood science specialist JBA Risk Management has launched an updated version of its probabilistic India crop catastrophe model for insurers and reinsurers, incorporating enhanced market data, crops, seasons, and districts to provide better risk management insights. The new model also includes insurance pricing of India’s two primary crop insurance schemes, ... Read the full article
Santam names Rob Vetch as CEO & CFO of Syndicate 1918
10th September 2025
South African general insurer Santam has appointed Rob Vetch as Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of Santam Syndicate 1918. The insurer has appointed a senior executive team to help lead Santam Syndicate 1918, following in principle approval by Lloyd’s in July 2025. Vetch has three decades of global ... Read the full article
RAA meets FEMA Review Council to propose reforms for national flood insurance programme
10th September 2025
In early 2025, President Trump established the FEMA Review Council to propose reforms aimed at improving the nation’s emergency management and disaster response systems. The Reinsurance Association of America (RAA), a trade association representing the US reinsurance industry, met with the Council this week to share recommendations for the National Flood ... Read the full article
Ben Webster named Associate Director at The Centre for Disaster Protection
10th September 2025
The Centre for Disaster Protection, an organisation dedicated to helping countries better prepare for and finance responses to disasters, has announced the appointment of Ben Webster as Associate Director, effective 8 September 2025. Webster joins the Centre from the International Federation of Red Cross and Red Crescent Societies (IFRC), where he ... Read the full article
MISSION-supported Laplace rolls out tailored insurance solutions for high-complexity corporate risks
9th September 2025
Laplace Alternative Risk Transfer Solutions, a newly established managing general underwriter (MGU) focused on alternative risk transfer (ART), has officially launched its structured insurance programmes for large corporate clients with complex or hard-to-place risks. Named after French mathematician Pierre-Simon Laplace, whose contributions laid the foundation for modern risk modelling, the company ... Read the full article
Applied Systems acquires Cytora to solidify position as insurance AI leader
9th September 2025
Applied Systems has acquired Cytora, a digital risk processing platform for the insurance industry. Applied Systems explained that the acquisition will combine Cytora’s AI-driven risk digitisation platform with Applied’s insurance solutions for agencies, carriers, and MGAs, enabling intelligent automation, connectivity, and collaboration across the policy lifecycle. For Cytora, the acquisition will reportedly ... Read the full article
Canopius Group appoints Ray Wong as Energy Underwriter in Singapore
9th September 2025
Canopius Group, a specialty and P&C re/insurer, has announced the appointment of Ray Wong as Energy Underwriter, effective 4 September 2025. Wong will be based in Singapore, joining the APAC Energy team under the leadership of Johnny Kim, Head of Energy and Construction, APAC. With more than 14 years of experience, Wong ... Read the full article
Hannover Re reports stable reinsurance pricing and strong ILS activity in 2025
9th September 2025
Hannover Re, the reinsurance group, shared its latest insights on global re/insurance markets during the 2025 Monte Carlo Rendezvous. The company reports that geopolitical tensions and ongoing conflicts continue to affect the marine and offshore energy sectors. Recent attacks on commercial shipping in the Red Sea have had limited financial impact but ... Read the full article
QRG highlights agility and senior expertise amid shifting market dynamics
9th September 2025
Speaking with Reinsurance News at the 67th Rendez-Vous de Septembre in Monte Carlo, QRG executives Nick Pomeroy and John Harris described how the London-based Lloyd’s specialist combines agility and deep market experience to deliver international insurance and reinsurance solutions, including infrastructure, capacity sourcing, and programme design for Coverholders and MGAs According ... Read the full article
AM Specialty promotes Olivia Barder to COO
9th September 2025
AM Specialty Insurance Company (ASIC), a domestic excess and surplus insurer and accredited reinsurer, has promoted Olivia Barder to Group Chief Operating Officer (COO). This promotion highlights ASIC's focus on building a strong leadership foundation to support growth and expansion in the specialty re/insurance markets. As the COO, Barder will oversee the ... Read the full article
Latin America reinsurers face softer market amid ample global capacity: Fitch
9th September 2025
Fitch Ratings, a provider of credit ratings, research, and analysis, reports that abundant global reinsurance capacity is intensifying competition and weighing on reinsurers’ earnings worldwide, including in Latin America. Fitch explains that international carriers are channeling more capacity into the region—most notably in property catastrophe—to expand their presence and diversify portfolios. ... Read the full article
Diversified reinsurers better positioned to weather softening market, says Berenberg
9th September 2025
At the Monte Carlo Rendez-Vous de Septembre on 8 September, Berenberg, the German investment bank and equity research firm, reported that large, diversified reinsurers are in a stronger position to navigate the current softening market than their less diversified peers. According to Berenberg, firms with exposure across multiple lines, including life ... Read the full article
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