Reinsurance News
Reinsurance sector critical amid $300bn loss risk, says Swiss Re
29th April 2025
With the potential for 'peak year' insured losses to exceed $300 billion, the Swiss Re Institute has emphasised that the reinsurance sector, supported by $500 billion in capital, is crucial for absorbing large shocks. While losses from secondary perils remain substantial, Swiss Re noted in a new report that primary perils, ... Read the full article
Reinsurers adopting a ‘slightly different strategy’ for mid-year renewals: Beazley CEO
29th April 2025
The outlook for the key mid-year reinsurance renewals is distinct from what happened at the Japan-focused April renewal period, and from what specialist insurer Beazley is seeing so far, sellers are adopting a different strategy, according to Adrian Cox, Chief Executive Officer of the London-based carrier. After the release of ... Read the full article
SiriusPoint appoints Eleanor Gibson as International CUO
29th April 2025
Bermuda-based insurer and reinsurer SiriusPoint has announced the appointment of Eleanor Gibson as International Chief Underwriting Officer (CUO), effective May 6th, 2025. Based in London, Gibson will report to Rob Gibbs, President & CEO of SiriusPoint International, and Anthony Shapella, Group Chief Underwriting Officer. In her new role, she will provide strategic ... Read the full article
European insurers navigated tariff-driven sell-off with measured resilience: Autonomous
29th April 2025
From April 2, 2025—“Liberation Day,” when the US announced sweeping tariffs on European imports—through to the market close on April 9, European insurance stocks declined by 11%, broadly in line with the wider equity market. The move reflected wider investor unease around escalating trade tensions rather than any direct, material exposure ... Read the full article
Beazley’s premiums reach $1.51bn in Q1’25 as growth momentum continues
29th April 2025
Specialist insurer Beazley has reported that its insurance written premiums reached $1.51 billion in Q1 2025, representing a 2% increase compared to the same period in 2024. Breaking down the Q1 2025 total, the Property Risks division contributed $482 million, Specialty Risks $461 million, MAP Risks $258 million, Cyber Risks $247 ... Read the full article
AdvantageGo acquired by Sapiens for £43m
29th April 2025
Sapiens International Corporation, a provider of software solutions for the insurance industry, has signed a definitive agreement to acquire AdvantageGo, a commercial re/insurance software provider, to enhance its global property and casualty (P&C) proposition through a structured cash deal, based on an enterprise value of £43 million. This acquisition aligns with ... Read the full article
BHSI appoints two Customer & Broker Engagement leaders in the U.S.
29th April 2025
Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Gabe Poppie as Strategic Growth Broker Leader and Brian Cummins as Customer & Broker Engagement Leader for the U.S. Northern Central region. Travis Bethune, Customer & Broker Engagement Leader, North America, BHSI, commented: “Strong, lasting relationships are foundational to BHSI and ... Read the full article
King Risk Partners gets growth investment from Lightyear Capital
29th April 2025
Insurance brokerage King Risk Partners has received a growth investment from Lightyear Capital, a New York-based private equity firm, The latest investment stands alongside existing shareholder BHMS Investments, LP (BHMS), which will roll a majority of its existing equity and invest additional capital, and the Company’s management team. “We are thrilled to ... Read the full article
Renaissance Specialty Insurance appoints Jason Thrash as Senior Programme Underwriter
29th April 2025
Renaissance Specialty Insurance (RSI), supported by Roosevelt Road Specialty, the MGU division of Roosevelt Road Capital Partners, announced that Jason Thrash has joined the company as a Senior Programme Underwriter. Thrash brings more than 18 years of experience underwriting Sports, Leisure, and Entertainment programmes, with a concentration in Sports and Motorsports. His ... Read the full article
Royal London secures £85m buy-in with The College of Law Pension Scheme
29th April 2025
Royal London, a UK mutual life, pensions, and investment provider, has completed an £85 million buy-in with The College of Law Pension and Assurance Scheme as part of its Bulk Purchase Annuity (BPA) business. This transaction, completed in March 2025, marks Royal London’s ninth BPA buy-in, bringing the total value of ... Read the full article
US insurers surpass cost of capital despite elevated cat losses: AM Best
28th April 2025
In 2024, despite the continued challenge of high catastrophe losses, US insurers in the property and casualty (P&C), life and annuity (L&A), and health sectors successfully exceeded their cost of capital, according to a recent report by credit rating agency, AM Best. This was achieved through strong investment returns and effective ... Read the full article
Phil Withey joins Hiscox London Market as CTO
28th April 2025
Specialist global insurer Hiscox has announced the appointment of Phil Withey as Chief Technology Officer for Hiscox London Market. Based in London, Withey is to join the business in June, and will be reporting to Hiscox Group CIO Chris Loake and Hiscox London Market CEO Kate Markham. He will also be ... Read the full article
RGA names My Chi To as EVP, Chief Legal Officer, and Corporate Secretary
28th April 2025
Reinsurance Group of America (RGA), a global life and health reinsurer, has announced the appointment of My Chi To as Executive Vice President (EVP), Chief Legal Officer, and Corporate Secretary, effective May 19th, 2025. To will succeed Bill Hutton, who is retiring after 27 years with RGA. In her new role, she ... Read the full article
CyberCube partners with Galahad Risk Solutions to enhance cyber risk management
28th April 2025
CyberCube, a provider of cyber risk analytics, has partnered with specialist brokerage Galahad Risk Solutions to help small to medium-sized enterprises (SMEs) and middle-market organisations better understand and manage their cyber risk exposure. Galahad Risk Solutions, founded by Ben Beeson, is a specialist insurance broker focused on bridging the gap between ... Read the full article
Aon appoints new leaders to boost reinsurance Client Services function
28th April 2025
Aon has announced new appointments within Reinsurance Solutions’ Client Services function to strengthen its client advocacy services amid increasing economic uncertainty. The new appointments, Steve Clark, Ann Field, Matt Moore, and David Griffiths, will reportedly bolster the team that provides dedicated support to clients through claims handling and accounting. Clark has been ... Read the full article
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