Reinsurance News
Lockton Re names James Stephens as Head of Crisis Management in London office
5th September 2025
Lockton Re, the reinsurance arm of the privately owned independent insurance broker, has announced the appointment of James Stephens as Head of Crisis Management in its London office. Tom Meyer, Head of Specialty, Lockton Re, added: "We are delighted James has joined Lockton Re supporting our drive to provide clients with ... Read the full article
Buyers can use favourable reinsurance market to seize strategic advantage: Aon
5th September 2025
A new report from Aon has hailed the attractive yet dynamic reinsurance market, noting that buyers can seize a strategic advantage amid global reinsurance capital reaching a record $735 billion as of June 30, 2025. According to the firm's new report, the record reinsurance capital was driven mainly by retained and ... Read the full article
Tim Barber becomes CEO, London for Price Forbes Re
5th September 2025
Independent reinsurance broker Price Forbes Re has announced the appointment of Tim Barber as CEO, London, reporting directly to Chris Bonard, president of the company. Barber brings over four decades of industry experience to his new role. As part of his responsibilities, he will lead Price Forbes’ London reinsurance operations and ... Read the full article
Apollo receives Lloyd’s approval to establish ReShare Syndicate 1972
5th September 2025
Apollo, the technology-driven insurance platform, has received “in principle” approval from Lloyd’s Council to establish Apollo ReShare Syndicate 1972, which is expected to commence underwriting on 1st January 2026. The new syndicate will provide follow-only capacity on the outwards reinsurance programmes for Apollo-managed syndicates. It will be led by Paul Sandi, Head ... Read the full article
Pool Re targets ‘perception gap’ with Treaty reforms to expand terrorism cover
5th September 2025
Only around 4% of UK SMEs currently buy terrorism insurance, a shortfall Pool Re attributes as much to a “perception gap” as to cost, with many businesses unaware that terrorism risks are excluded from standard policies, prompting a Treaty overhaul designed to embed cover more seamlessly and boost take-up while ... Read the full article
Gallagher Re names Max Garratt & Russell Hails as Executive Directors
5th September 2025
Global reinsurance broker Gallagher Re has announced the appointments of Max Garratt and Russell Hails as Executive Directors for its Australia team. Garratt brings over 20 years of industry experience to his new role. He joins Gallagher Re from Lockton, where he served as a Partner. Prior to that, he was ... Read the full article
Rokstone appoints Allman and Turgeon as Senior Underwriters, NA Inland Marine
5th September 2025
Rokstone, the international specialty re/insurance managing general agent (MGA) and part of the Aventum Group, has appointed Adrianna Allman and Charles Turgeon as Senior Underwriters in its North American (NA) Inland Marine division. The appointments align with the MGA's ambitious growth strategy for the class. The MGA's Inland Marine underwriting team ... Read the full article
Planette’s quantum-inspired forecasting system to improve extreme weather prediction
5th September 2025
In a move to combat the growing challenges of extreme weather, the U.S. National Aeronautics and Space Administration (NASA) has chosen Planette, a long-range weather prediction technology company, to develop QubitCast, a next-generation forecasting system. This new system aims to provide more accurate and timely predictions for extreme events like heavy ... Read the full article
Blenheim Underwriting adds SCOR Syndicate’s Lawson & Hewlett as property underwriters
5th September 2025
Blenheim Underwriting, a specialist managing general agent (MGA) and Lloyd’s coverholder, has appointed Phil Lawson and Alex Hewlett as Class Underwriters, effective February 2026. The pair will join the delegated authority team, further strengthening the MGA's highly regarded property account. Blenheim stated that combined, they bring 50 years of industry experience. The ... Read the full article
MENA reinsurance market maintains strong capacity despite heightened challenges, says AM Best
5th September 2025
AM Best, a credit rating agency and provider of insurance market intelligence, reports that reinsurers operating in the Middle East and North Africa (MENA) are facing a complex and demanding environment. According to AM Best, these market participants must navigate rising natural catastrophe activity, fluctuating oil prices, increasing geopolitical tension, elevated ... Read the full article
SiriusPoint appoints Martin Hudson as Board Director
5th September 2025
Bermuda-domiciled global specialty insurer and reinsurer SiriusPoint Ltd. has appointed Martin Hudson as Board Director, effective September 1st, 2025. Hudson has over four decades of international re/insurance leadership experience, spanning underwriting, risk management, governance, and executive management. His leadership experience covers wholesale and retail insurance, specialty and reinsurance markets, and global operations ... Read the full article
Reinsurers still able to achieve target ROEs with 10%+ property cat rate cuts at Jan 1: Aon’s Hatlestad
4th September 2025
Tracy Hatlestad, Executive Managing Director and Global Property Segment Leader at Aon Reinsurance Solutions, said recently that the broker believes reinsurers will still be able to hit their target ROEs on property catastrophe books even with rate reductions of 10% or greater heading into the January 1st, 2026, renewals. Aon Reinsurance ... Read the full article
Mike Reynolds named Group CFO of McGill and Partners
4th September 2025
McGill and Partners, an independent global specialty insurance and reinsurance broker, has announced the appointment of Mike Reynolds as Group CFO, succeeding Dominic Mignon. Reynolds brings nearly 30 years of leadership experience in the insurance industry, and will join the company later in the year, subject to regulatory approval. The executive is ... Read the full article
Swiss Re overtakes Munich Re as top reinsurer by 2024 GPW: S&P
4th September 2025
S&P Global Ratings has released its ranking of the top 40 global reinsurers based on year-end 2024 gross reinsurance premiums written (GPW), with Swiss Re taking the top spot at $43.1 billion, overtaking Munich Re from last year. For reinsurance companies reporting under IFRS 17 that do not publish GPW—such as ... Read the full article
GBLI’s Penn-America Underwriters completes acquisition of Sayata
4th September 2025
Global Indemnity Group, LLC (GBLI) has announced that its subsidiary, Penn-America Underwriters, LLC (PAU), has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations for commercial insurance. The deal supports GBLI’s recent strategic reorganisation of PAU to focus on agency and insurance services. With Sayata, PAU aims to ... Read the full article
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