Reinsurance News
Zurich expands cyber capabilities with acquisition of BOXX Insurance
3rd July 2025
Global insurer Zurich Insurance Group has entered into an agreement to acquire BOXX Insurance Inc., a Toronto-based cyber insurance and risk management insurtech, which will be integrated into Zurich Global Ventures (ZGV). This acquisition is set to boost Zurich’s cyber protection capabilities, allowing it to provide retail and SME cyber insurance ... Read the full article
Q2 2025 cat bond issuance hits record $10.5bn: Artemis
3rd July 2025
The second quarter of 2025 was another record period for the catastrophe bond market, with issuance of $10.5 billion from 38 transactions comprised of 58 tranches of notes, ensuring that new annual records have been set for 144A property cat bond and total 144A cat bond and related ILS issuance, ... Read the full article
Fire Safety Reinsurance Facility expands coverage limit to £70m
3rd July 2025
The insurance industry’s Fire Safety Reinsurance Facility, an initiative aimed at providing insurance coverage for multi occupancy buildings with fire safety issues, has increased its coverage limit from £50 million to £70 million, the Association of British Insurers (ABI) has revealed. This expansion, following a successful first year, is set to ... Read the full article
It’s time to automate the ceded reinsurance process, says DXC Technology’s James Mahon
3rd July 2025
In a recent interview with Reinsurance News, James Mahon, Reinsurance Pre-Sales Lead at DXC Technology, highlighted a persistent issue facing the re/insurance industry: the continued reliance on manual processes for managing ceded reinsurance. DXC Technology provides IT services and solutions to insurers around the world, with a focus on helping organisations ... Read the full article
Liberty GTS appoints Hilary Weiss as Head of Americas
3rd July 2025
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has announced the promotion of Hilary Weiss to Head of Americas, effective immediately. Weiss has been part of Liberty Mutual since 2018, when she joined the company as Associate Vice President, Americas M&A. She then transitioned to Liberty GTS in 2021 as ... Read the full article
Reinsurance News Legacy Market Roundtable 2025
3rd July 2025
Around the annual meeting of the legacy re/insurance market in Brighton, UK, in May, we hosted our inaugural Legacy Market Roundtable, in partnership with global reinsurance company, Swiss Re, during which 11 experts from across the retrospective world discussed key trends, opportunities, and challenges for the market. Read the full article
US property cat reinsurance market in favour of buyers at mid-year renewals: Aon
3rd July 2025
Conditions in the U.S. property catastrophe reinsurance market continued to shift in favour of buyers at the mid-year renewals, yet portfolio returns remain strong and attractive for reinsurers and investors alike, even with the rate reductions, according to Aon. A new report from the firm has suggested that capacity was abundant, ... Read the full article
Ardonagh acquires majority stake in Hong Kong’s Apex Insurance
3rd July 2025
The Ardonagh Group has acquired a majority stake in Apex Insurance (Holdings) Limited in Hong Kong. The move strengthens Ardonagh’s footprint in the region, as it will operate Apex alongside PSC’s Hong Kong operations, PSC HK Insurance Group (PSC HK). The acquisition also aims to deepen Ardonagh’s in-market expertise through Apex’s ... Read the full article
Sandeep Gopal named AIG’s Chief Risk Officer, APAC
3rd July 2025
Sandeep Gopal has joined global insurer American International Group (AIG) as Chief Risk Officer, Asia Pacific (APAC). In his new role, Gopal will lead the Enterprise Risk Management strategy in the region, focusing on strengthening risk governance, ensuring regulatory alignment, and supporting sustainable business growth across Asia Pacific. Additionally, he will work ... Read the full article
Bishop Street enters personal aviation insurance market with AIM’s acquisition
3rd July 2025
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired Aerospace Insurance Managers (AIM), a general aviation insurance services provider, from Hallmark Financial, in an undisclosed transaction. This acquisition marks Bishop Street’s entry into the aviation insurance market, strengthening its differentiated MGA platform with an expanded portfolio of specialized client ... Read the full article
Hannover Re appoints Steven Hardy as Head of L&H Ireland & Canada
3rd July 2025
Global reinsurer Hannover Re has announced the appointment of Steven Hardy as Head of Life & Health (L&H) Ireland & Canada. In this role, Hardy will be based at Hannover Re’s Dublin subsidiary, which plays a key role in advancing the company’s Financial Solutions business in Europe and serves as the ... Read the full article
Resolution Life boosts capital position with $750m Tier 2 listed debt issuance
3rd July 2025
Global life insurance group Resolution Life has completed a $750 million Tier 2 listed debt issuance, attracting strong investor demand with a peak order book surpassing $3.25 billion. According to the firm, which specialises in reinsurance and the acquisition and management of life insurance portfolios, the development marks a significant milestone ... Read the full article
Triple-I appoints Patrick Schmid as Chief Insurance Officer
3rd July 2025
The Insurance Information Institute (Triple-I) has announced the appointment of Patrick Schmid as Chief Insurance Officer, effective July 11, 2025. Schmid will also lead the organisation’s Catastrophe Resiliency Council and the Insurance Research Council, reporting to Sean Kevelighan, CEO of Triple-I. Additionally, he will continue in his role as president of The ... Read the full article
Howden Re launches Hong Kong operation led by Roy Wong
3rd July 2025
Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, has launched a Hong Kong-focused reinsurance broking platform, with Roy Wong appointed as Managing Director, Reinsurance, Hong Kong, effective July 21st, 2025. Wong will report to Andy Souter, Head of Asia Pacific, Howden Re International, and work closely ... Read the full article
Relation Insurance acquires entertainment specialist Albert G. Ruben
3rd July 2025
Relation Insurance Services (Relation), an insurance brokerage firm, has announced its acquisition of Albert G. Ruben, a pioneer in Hollywood and the global entertainment industry known for delivering specialised insurance services to major film studios, independent production companies, Broadway productions, and multinational corporations. The acquisition preserves the Albert G. Ruben name ... Read the full article
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