Reinsurance News
Liberty Specialty Markets launches crypto insurance for financial institutions
14th July 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched a new insurance product tailored for financial institutions operating in the cryptocurrency market. The product was developed in response to growing demand from the financial sector, which faces ongoing uncertainty due to rapid macroeconomic, regulatory, and technological changes—such as ... Read the full article
Miller names Shim as Head of Specialty for newly launched Korean marine team
14th July 2025
Miller, the independent specialist insurance and reinsurance broker, has launched its Korean marine unit with four senior hires to further build out its operations in the region, and has hired KyungSeop (KS) Shim to lead the team as Head of Specialty. In the new role, Shim will initially focus on building ... Read the full article
CyberCube releases latest version of catastrophe model, PMv6
14th July 2025
CyberCube, a provider of cyber risk analytics, has announced the launch of Portfolio Manager Version 6 (PMv6), the latest version of its catastrophe modelling platform. This new version has been designed to reflect the cyber insurance market’s evolution into a global entity, incorporating advance modelling for international exposures and explicitly factoring ... Read the full article
Aon names Richard Tan as Chief Commercial Officer, Singapore
14th July 2025
Global reinsurance and insurance broker Aon has expanded Richard Tan's role to Chief Commercial Officer, Singapore. In the role, Tan will lead growth across Commercial Risk, Health, and Talent Solutions, while continuing to elevate Aon's client experience with consistency and impact. Tan has served at Aon for over six years, most recently ... Read the full article
WTW appoints Adrian Cousins as Head of London Market Claims
14th July 2025
Willis, a WTW business, has announced the appointment of Adrian Cousins as Head of London Market Claims. In his new role, Cousins will report to Neil Harrison, Global Head of Claims. He will oversee and implement key elements of Willis’ global claims strategy, including strategic engagement with London market insurers, reinsurers, ... Read the full article
HDI Global SE and Descartes Underwriting approved to offer parametric earthquake insurance in Japan
14th July 2025
HDI Global SE’s Japan branch, part of Germany-based insurer Talanx AG, has been approved by the Japanese Financial Services Agency to introduce a parametric earthquake insurance product to the Japanese market. To create this product, HDI Global worked with Descartes Underwriting SA (headquartered in Paris, France), a provider of parametric insurance ... Read the full article
Guy Carpenter appoints Hakes as Global Head of Marine, Energy and Technical Lines
14th July 2025
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, has appointed Richard Hakes as the new Global Head of Marine, Energy and Technical Lines (METL). Hakes, who will also join the Global Specialties Leadership Team, is now responsible for leading the global METL team, comprising ... Read the full article
US hurricane losses could soar 50% in warming climate, MS Amlin study finds
14th July 2025
Insured losses from US hurricanes could increase by nearly 50% if global temperatures rise by 2°C, MS Amlin, the Lloyd’s re/insurer, warns in its recently launched peer-reviewed study published in the Journal of Catastrophe Risk and Resilience. According to the study, climate change is reshaping hurricane behaviour—altering where storms strike, how ... Read the full article
Broussard to serve as a Director on Marsh McLennan’s Board
14th July 2025
The Board of Directors of Marsh McLennan, a global insurance and reinsurance brokerage firm, has appointed Bruce Broussard as a Director, effective immediately. His appointment brings the total number of directors on the Board to 12. Broussard has over 30 years of experience leading public and private healthcare organisations. He was ... Read the full article
Continued profitable growth for Hannover Re amid evolving risk landscape: CEO Jungsthöfel
14th July 2025
Clemens Jungsthöfel, who took over as CEO of Hannover Re from Jean-Jacques Henchoz in early April, has outlined his vision for the company’s future in a recent interview with Börsen-Zeitung, emphasizing continued profitable growth by leveraging its focused reinsurance model a lean structure. Jungsthöfel described Hannover Re’s current position as Read the full article
U.S. MGA premiums grow 16% in ‘24 driven by migrating talent, AI adoption & other factors: Conning
11th July 2025
The U.S. Managing General Agent (MGA) growth once again outpaced the broader property-casualty market, with direct premiums written rising 16% year-over-year to an estimated $114.1 billion, a recent Conning study has revealed. Conning's latest strategic study, "Managing General Agents: Built for What's Next," highlights several market dynamics that have benefited the ... Read the full article
Castle Harbour Insurance launches transactional risk insurance brokerage
11th July 2025
Castle Harbour Insurance, a provider of specialty insurance services, has launched a transactional risk insurance brokerage focused on addressing complex deal-related risks. The new offering is designed to assist clients with structured solutions in areas such as tax insurance, representations and warranties insurance, litigation insurance, and contingent risk insurance. The New York ... Read the full article
SageSure and Auros close $100m cat bond with strong investor support
11th July 2025
SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed markets, along with its carrier partners Auros Reciprocal Insurance Exchange and Elevate Reciprocal Exchange, has closed the Gateway Re Series 2025-3 catastrophe bond at $100 million. Including this latest issuance, the SageSure-supported Gateway Re series now exceeds $2.1 billion in cumulative notional ... Read the full article
Flexible insurance key to navigating geopolitical and transport risks in Middle East: Aon
11th July 2025
Businesses operating in the Middle East face a critical time, as rapidly evolving geopolitical and economic dynamics in the region demand an urgent evaluation of their risk strategies, Aon analysts have stated in a recent report. Businesses must therefore be prepared for rapid and extreme scenarios, which they can achieve through ... Read the full article
Arch Insurance North America names Jeff Kaufmann as EVP, Head of Marine
11th July 2025
Arch Insurance North America has appointed Jeff Kaufmann to the newly created role of Executive Vice President (EVP), Head of Marine. He reports to Valerie Turpin, Chief Underwriting Officer, Property. In his new role, Kaufmann will be responsible for establishing Arch’s US Marine product offerings, building a strong, specialised underwriting team ... Read the full article
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