Reinsurance News
Rokstone names Stephanie Belcourt Head of Complex Claims
15th May 2025
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Stephanie Belcourt as Head of Complex Claims. The appointment reiterates the continued investment in the claims provision, which aligns with Rokstone’s strategic growth as it enters new lines to diversify its expansive portfolio. Rokstone now has a 16-strong ... Read the full article
AIG appoints Angelo Colombo as CEO, Latin America and the Caribbean
15th May 2025
Angelo Colombo has been appointed as Chief Executive Officer of American International Group (AIG) Latin America and the Caribbean (LAC), effective June 2, 2025, subject to regulatory approval. Colombo joins AIG from Swiss Re Corporate Solutions, where he most recently served as Regional CEO of Latin America. He holds over 20 years ... Read the full article
AI & machine learning potential untapped in actuarial and risk management, LMA finds
15th May 2025
According to a recent survey by the Lloyd’s Market Association (LMA), the full potential of artificial intelligence (AI) and machine learning (ML) in actuarial and risk management remains untapped, with significant progress still needed in their adoption and utilisation. The LMA's survey, conducted in partnership with Barnett Waddingham, found that scepticism ... Read the full article
AXA XL bolsters Indian team with several senior appointments
15th May 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has strengthened its Indian Branch with the appointments of Saurabh Bhootara, Priya Manchanda, Vinod Kumar, Saumitra Sharma, and Akash Jain in Mumbai. The additions follow the recent appointment of Alok Shukla as the Chief Executive ... Read the full article
Conduit Re continues to evolve reinsurance strategy amid desire to reduce volatility: CEO
15th May 2025
Conduit Re, a Bermuda-based reinsurer specialising in property, casualty, and specialty lines, has made some notable changes to its outward reinsurance strategy, aiming to better shield its portfolio from increasingly volatile secondary perils such as wildfires, floods, and convective storms. The new CEO Neil Eckert ... Read the full article
Henrik Hoppendorff joins Gallagher Re as Senior Facultative Broker, EMEA
15th May 2025
Reinsurance broker Gallagher Re has announced the appointment of Henrik Hoppendorff as Senior Facultative Broker, EMEA. Based in Stockholm, Hoppendorff will be working within the Nordic team, but also serving the broader EMEA region. His 14 years of experience in the insurance industry, specialising in property with Continental Europe and London markets, ... Read the full article
Aviva ‘off to a great start’ with GI premium growth of 9% in Q1’25
15th May 2025
British insurer Aviva has reported general insurance (GI) premium growth of 9% to £2.9 billion in the first quarter of 2025, compared to £2.7 billion in the comparative prior year quarter. Country-wise, UK&I GI premiums grew by 12% to £2 billion in Q1’25, compared to £1.8 billion in Q1’24. Personal lines ... Read the full article
Benjamin James joins IAP London team as Partner
15th May 2025
Insurance Advisory Partners (IAP), the specialised investment bank focused exclusively on insurance, insurance services, and the insurtech industry, has announced the appointment of Benjamin James as Partner in the firm’s London office, effective end of June. James will be responsible for supporting the ongoing expansion of IAP operations across the UK ... Read the full article
Talanx posts best-ever quarterly performance despite LA wildfire impact
15th May 2025
Despite significant large loss payments, Talanx generated group net income of €604 million in Q1 2025, the strongest quarterly result in its history, highlighting its robust position with a balanced mix of Primary Insurance and Reinsurance. According to the firm, primary insurance contributed 60% to its overall Q1 2025 net income, ... Read the full article
Starwind Specialty announces launch of four new insurance programs
15th May 2025
Starwind Specialty Insurance Services, a CRC Group company, has expanded its underwriting expertise with the launch of four new insurance programs: Starwind Environmental, Starwind PVT (Political Violence & Terrorism), Starwind Equipment, and Starwind Cannabis. Starwind Environment, to be led by Mike Padula as Program President, has been designed to deliver comprehensive ... Read the full article
WTW appoints Luke Ware as Head of Asia
15th May 2025
WTW, an advisory, broking, and solutions firm, has expanded Luke Ware's role to include serving as Head of Asia, effective immediately. He currently serves as the Head of Corporate Risk & Broking, Asia. In his new dual capacity, Ware will work closely with all WTW business leaders across Risk & Broking ... Read the full article
Allianz sees record operating profit of €4.2bn in Q1’25
15th May 2025
Allianz has reported a record operating profit of €4.2 billion for Q1 2025, marking a 6.3% increase from Q1 2024, keeping the firm on track to meet its full-year operating profit target of €16 billion. The Property & Casualty (P&C) segment posted an operating profit of €2.2 billion in Q1 2025, ... Read the full article
Fidelis reports Q1’25 net loss as LA wildfires hit underwriting performance
15th May 2025
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited has reported a net loss of $42.5 million and a higher combined ratio of 115.6% for the first quarter of 2025, as catastrophe losses, driven by the California wildfires, dented the underwriting performance, notably within its reinsurance business. Group-wide, Fidelis fell to an ... Read the full article
US surplus lines market sees continued growth amid P&C pressures: AM Best
15th May 2025
AM Best, a credit rating agency, has released a new report showing continued growth in the premiums generated by non-admitted insurers within the US surplus lines market. This rise in premiums highlights significant opportunities spurred by ongoing challenges in the property and casualty (P&C) sector. The latest Best's Special Report reveals that ... Read the full article
Aon names Lambros Lambrou as Chief Strategy Officer
15th May 2025
Aon, the global insurance and reinsurance broking group, has appointed Lambros Lambrou as its Chief Strategy Officer, where he will be responsible for key Aon Executive Committee initiatives, effective immediately. Aon explains that these initiatives are core to the “Aon United” strategy and 3x3 Plan, including support of Aon’s “independent and ... Read the full article
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