Reinsurance News
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
Intersys launches in India to strengthen brokers cyber portfolio
18th July 2025
Intersys, a cyber security and IT services provider, has launched operations in India, based in Mumbai, to help brokers and insurers grow cyber portfolios by strengthening policyholder resilience. Under the leadership of Tanmay Gore, Director of Intersys India, the Mumbai office is addressing a significant market issue: the challenge for organisations, ... Read the full article
AM Best upgrades credit ratings of Kuwait Re
18th July 2025
AM Best, the credit rating agency, has upgraded the credit ratings of Kuwait Reinsurance Company K.S.C.P. (Kuwait Re), citing its improved financial performance and strong capital position. The company’s Financial Strength Rating has been elevated from A- to A (Excellent), and its Long-Term Issuer Credit Rating has been upgraded from “a-” ... Read the full article
The Hartford promotes Chhabra to Chief Risk Officer as Paiano retires
18th July 2025
The Hartford, a provider of insurance and financial services, has promoted Prateek Chhabra to Chief Risk Officer, effective September 1st, 2025. He will report directly to Christopher Swift, The Hartford’s Chairman and Chief Executive Officer. Chhabra succeeds Robert Paiano, who will retire from the company at the end of the year ... Read the full article
Gallagher Re structures and places $16m multi-peril parametric policy for SEADRIF and Lao PDR
18th July 2025
Reinsurance broker Gallagher Re, on behalf of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company), has structured and placed a re/insurance programme for the government of Lao PDR. The two-year policy expands the original 2021 flood-only placement to include additional perils such as typhoons, earthquakes, and landslides. It was ... Read the full article
Renewal rates down across nearly all major commercial lines QoQ: Ivans
17th July 2025
Ivans, a division of Applied Systems, has released its Q2 2025 results for the Ivans Index, showing that the average premium renewal rate change across nearly all major commercial lines, except General Liability, decreased compared to Q1 2025. However, year over year premium renewal rate changes for all major commercial lines ... Read the full article
Hamilton Insurance appoints Raymond Karrenbauer as Group CIO
17th July 2025
Bermuda-based insurance and reinsurance company, Hamilton Insurance Group, has appointed Raymond Karrenbauer as Group Chief Information Officer (CIO), effective September 15th, 2025. He will join the firm’s executive management team, reporting to Craig Howie, the Group Chief Financial Officer. Karrenbauer succeeds Venkat Krishnamoorthy, who has been with the Company since 2019 and ... Read the full article
Allstate estimates $619m in cat losses for June 2025
17th July 2025
The Allstate Corporation has estimated catastrophe losses for June 2025 of $619 million or $489 million, after-tax. June’s cat losses are the result of 15 events, with approximately 70% of the losses related to three wind and hail events. In comparison, the June 2024 estimated cat losses were $230 million, which ... Read the full article
Guy Carpenter’s analytics platform “differentiates us in our clients’ eyes”, says CEO Dean Klisura
17th July 2025
The President and Chief Executive Officer (CEO) of reinsurance broker Guy Carpenter, Dean Klisura, has described the company's analytics platform as one of the most significant things it does for its clients as it looks to bring value beyond the reinsurance transaction. Speaking recently during Marsh McLennan's (MMC) Q2 2025 ... Read the full article
ACORD Solutions Group launches ADEPT North America Regional Hub
17th July 2025
ACORD Solutions Group (ASG), a provider of digital solutions for the global insurance industry, has launched the ADEPT North America Regional Hub to drive industry-wide modernisation through standardised digital data exchange for large commercial and reinsurance transactions. ADEPT enables seamless, standardised data exchange for placing, accounting, and claims processes across the ... Read the full article
Travelers renews cat reinsurance programs at mid-year on similar terms, broadens coverage
17th July 2025
US primary insurer Travelers has renewed its major catastrophe reinsurance programs at mid-year on terms largely consistent with the prior year, with some adjustments to coverage. Namely, effective July 1, 2025, Travelers renewed its Northeast Property Catastrophe Excess-of-Loss Reinsurance to provide the same $1 billion of coverage, from the same ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
