Reinsurance News
AXA XL expands cyber insurance solutions for SMEs with key appointment
30th April 2025
AXA XL, a re/insurance provider, is broadening its cyber insurance offerings for small and midsize enterprises (SMEs) by appointing Michelle Aliperti as Head of SME for the Americas. Based in New York, Aliperti will report to Michelle Chia, the Chief Underwriting Officer for Cyber, Design, and Select Professional at AXA XL. Aliperti ... Read the full article
Andrew Weare named Lead Underwriter Mining for HDI Global SE
30th April 2025
HDI Global SE, the Corporate & Specialty Division of the Talanx Group, has announced the appointment of Andrew Weare as new Lead Underwriter Mining, succeeding Matthew Johnson who is retiring. In his new role, Weare, who has been with HDI Global for more than seven years, will report directly to Rafael ... Read the full article
Generali CEO Philippe Donnet to serve for another three-year term
29th April 2025
The Board of Directors of Italian insurance giant Generali has elected Philippe Donnet as Managing Director (MD) and Group Chief Executive Officer (CEO) for another three-year term. At a meeting held yesterday, the Board elected, for the three-year period 2025-2027, Andrea Sironi as Chairman and Donnet as MD and CEO, who ... Read the full article
Earnix to acquire GenAI platform Zelros
29th April 2025
Earnix, the artificial intelligence (AI) platform for insurance, has signed a definitive agreement to acquire Zelros, a generative AI player for insurers and banks. Through combining Earnix’s advanced predictive AI platform with Zelros’s GenAI recommendations engine, the move aims to bring predictive, generative, and agentic AI across risk decisioning, personalisation, and ... Read the full article
Premiums set to rise unless governments act on climate risk, says Zurich
29th April 2025
With the costs from extreme weather and natural catastrophes rising, Zurich Insurance has released a report highlighting the urgent need for action from governments, insurers, and communities to collaboratively build climate resilience. According to the firm's report, the past decade has seen $2 trillion in economic losses due to extreme weather ... Read the full article
Aspen reports increased GWP in unaudited Q1’25 results
29th April 2025
Aspen Insurance Holdings Limited has released its unaudited results for the first quarter of 2025, reporting an increase in gross written premiums (GWP) alongside a notable decrease in profitability. The Bermuda-based re/insurer reported GWP of $1.287 billion for Q1 2025, up from $1.231 billion in the same period last year. Year on ... Read the full article
American Integrity could get proceeds of up to $106.25m from IPO
29th April 2025
American Integrity Insurance Group has launched the roadshow for its proposed initial public offering (IPO) of 6,875,000 shares of common stock, with the company intending to use the net proceeds for general corporate purposes, which may include contributing capital to its insurance subsidiary. The IPO price is expected to range between ... Read the full article
James River appoints Bob Zimardo as SVP, Investments and Investor Relations
29th April 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Bob Zimardo as Senior Vice President (SVP), Investments and Investor Relations. In the new role, he will report directly to Sarah Doran, Chief Financial Officer, and be responsible for investments and investor relations activity. Zimardo has over two decades of experience ... Read the full article
Cincinnati posts net loss of $90m in Q1’25
29th April 2025
Cincinnati Financial Corporation has reported a net loss of $90 million for the first quarter of 2025, compared with net income of $755 million for the same period a year earlier. The loss was driven in part by a $56 million after-tax reduction in the fair value of equity securities still ... Read the full article
Brace appoints Amie Townsend as Senior Underwriter
29th April 2025
Brace UK & Europe, a specialist underwriter focused on multi-line and alternative risk solutions and backed by Beat Capital Partners, a subsidiary of Ambac Financial Group, Inc. has appointed Amie Townsend as Senior Underwriter. The appointment is effective immediately. Townsend will be based in London and will report directly to Martin ... Read the full article
Aspen targets up to $341m in US IPO launch
29th April 2025
Aspen Insurance has launched an initial public offering of 11 million Class A ordinary shares ($0.001 par value), all being sold by entities affiliated with Apollo Global Management, its parent company. Aspen has revealed that the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional ... Read the full article
Talanx reports preliminary consolidated net income of €604m for Q1’25
29th April 2025
European insurer and parent of large reinsurer Hannover Re, Talanx Group, has reported preliminary consolidated net income of €604 million for the first quarter of 2025. To compare, last year, in the first quarter, the group reported consolidated net income of €576 million. Despite an above-average large loss burden, the group’s current ... Read the full article
Howden Re’s cyber risk report reveals 62% market share held by top 5 reinsurers
29th April 2025
Howden Re, the reinsurance, capital markets, and strategic advisory division of Howden, has released Into the Cyberverse, an in-depth report examining the future of cyber risk transfer and outlining the necessary structural changes for creating a sustainable, scalable market. The report assesses how cyber losses move through the reinsurance ecosystem and ... Read the full article
Northern Re total capitalisation reaches $175m with latest $100m investment
29th April 2025
Northern Re, a reinsurance firm focused on long-tail casualty business, has announced it has successfully secured an additional $100 million in committed capital. This significant financial boost comes from a mix of both new and existing institutional investors, more than doubling the company’s total capitalisation to $175 million The substantial injection of ... Read the full article
FERMA supports EU proposal for nat cat reinsurance scheme
29th April 2025
FERMA has announced its support for a joint proposal by the European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB) to establish a European public-private reinsurance scheme aimed at mitigating the impact of natural catastrophes. The proposal outlines a two-pillar EU-level solution designed to close the widening ... Read the full article
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