Reinsurance News
Remote access behind 80% of ransomware attacks, At-Bay reports
10th April 2025
At-Bay, a cyber insurance and security firm known for its integrated "InsurSec" approach, has released its 2025 InsurSec Report, revealing significant shifts in the cyber threat landscape. Drawing on data from its own claims portfolio, the report highlights a resurgence in ransomware activity in 2024, with remote access tools—particularly VPNs—serving as ... Read the full article
Cayman’s strong regulation and tax neutrality makes it attractive for global capital: CIRCA’s Mitchell
10th April 2025
The Cayman Islands is poised to become an increasingly significant player in the global reinsurance market, according to Greg Mitchell, Chair of CIRCA (the Cayman International Reinsurance Companies Association). Speaking ahead of the ReConnect Conference in Cayman, Mitchell highlighted the jurisdiction's appeal to international capital seeking access to the ... Read the full article
The Fidelis Partnership appoints Suzanne Wells & Erik Manning to senior roles
10th April 2025
The Fidelis Partnership (TFP) has announced the appointments of Suzanne Wells as Chief Operating Officer (COO) and Erik Manning as Head of Ceded Reinsurance. Effective July 2025, Wells will be based in London. She joins TFP from Arch Insurance International, where she serves as Deputy UK COO, overseeing key UK functions ... Read the full article
Cytora partners with Vāyuh to strengthen climate risk assessment for property insurers
10th April 2025
Cytora, a digital risk processing platform, has entered into a partnership with Vāyuh, an AI-driven weather forecast and climate analytics company. This collaboration will seamlessly integrate Vāyuh’s advanced climate and weather data models into Cytora’s platform, providing property insurance underwriters with enhanced risk analytics and more accurate risk scores to assess ... Read the full article
Arch Insurance strengthens European unit with addition of Paul Seip
10th April 2025
Arch Insurance, a division of Bermuda-based re/insurer Arch Capital Group, has appointed Paul Seip as Head of Fine Art & Specie, European Markets, effective immediately. Seip will be based in Rotterdam, and joins Arch Insurance (EU) dac (AIEU), which provides specialist property and casualty insurance solutions within the European Union. In his ... Read the full article
Coalition launches Active Cyber Policy with enhanced coverage
10th April 2025
Coalition, an active insurer focused on preventing digital risks, has launched its new Active Cyber Policy, a reimagined US surplus lines cyber policy designed to protect businesses amid an ever-evolving digital threat landscape. Shawn Ram, Chief Revenue Officer at Coalition, said, “With the launch of the Active Cyber Policy, Coalition is ... Read the full article
Allianz Trade appoints Matt Williams as Chief Executive Officer, UK-IE
10th April 2025
Allianz Trade, a trade credit insurer, has appointed Matt Williams as Chief Executive Officer (CEO) for UK & Ireland, effective July 1st, 2025, succeeding Sarah Murrow. Murrow will become CEO of Allianz Trade in the Americas also effective July 1st, 2025. Both appointments are subject to the standard regulatory approval requirements. Williams ... Read the full article
ACORD launches GRLC Generation 2.0 to support industry digitalisation
10th April 2025
Industry standards body ACORD has launched GRLC Generation 2.0, updating its Global Reinsurance & Large Commercial Standards to support digitalisation throughout the global re/insurance industry. Providing some background, ACORD noted that GRLC Standards have been widely used by the global re/insurance and specialty markets for years to enable efficient and effective ... Read the full article
Liberty Mutual Insurance elects Sweeney as Chairman, Long to retire
10th April 2025
The Board of Directors of Liberty Mutual Insurance has elected Timothy M. Sweeney as the Chairman of Liberty Mutual Holding Company Inc., effective April 9th, 2025. Sweeney, currently the company's President and Chief Executive Officer, will succeed David H. Long, who retires as Chairman and Director. Long has spent four decades at ... Read the full article
EU insurers likely to avoid crypto if 100% Solvency II charge adopted: Fitch
10th April 2025
A new report from Fitch Ratings has suggested that EU insurers are likely to keep their exposure to crypto assets minimal if proposals to set the Solvency II risk charge for such assets at 100% are adopted. According to the rating agency, the European Insurance and Occupational Pensions Authority (EIOPA) recently ... Read the full article
Neema appoints Sandowen Ramasawmy as Underwriter at London office
10th April 2025
Neema Insurance Managing Agency, an African specialist underwriting agency, has announced the appointment of Sandowen Ramasawmy as Underwriter at its London office. Ramasawmy brings extensive underwriting experience across multiple lines of business, including property, engineering, political violence, marine, motor, liability, and miscellaneous accidents. He underwrites risks globally, with a focus on the ... Read the full article
Resilience & Accredited partner on Tech E&O coverage for UK & Europe
10th April 2025
Cyber risk solutions firm Resilience, with the support of Accredited Insurance, has introduced coverage for Technology Errors and Omissions (Tech E&O) for clients with more than £50 million or €25 million in annual revenue in the UK and Europe, respectively. Under this coverage, Resilience protects hardware, software, telecommunications providers, and web ... Read the full article
SCOR gets $240m of retrocession protection with latest cat bond
10th April 2025
French reinsurance company SCOR has returned to the catastrophe bond market, securing $240 million of retrocession protection against named storms in the US and the Caribbean, earthquakes in the US and Canada, and European windstorms. Atlas Capital DAC (Series 2025-1) is the nineteenth cat bond from SCOR under the Atlas ... Read the full article
CG Re appoints Ramanuj Seegoolam to London broking team
10th April 2025
African reinsurer CG Re Group has announced the appointment of Ramanuj Seegoolam to its broking team in the London office. The CG Re Group announced the opening of its London office in July 2024, as part of the company’s expansion strategy to become an international and global reinsurance broker. In his ... Read the full article
Athora Netherlands facilitates pension transfers through Zwitserleven amid system overhaul
10th April 2025
Athora Netherlands, a specialist life insurer and pension provider known for supporting pension fund transitions in the Dutch market, has facilitated two major pension buyouts through its Zwitserleven brand—marking significant steps in the country's shift to the new pension system. Together, the transfers cover more than 9,500 participants and nearly €1.13 ... Read the full article
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