Reinsurance News
hyperexponential launches suite of AI-powered capabilities
28th March 2025
Insurtech hyperexponential (hx) has launched a suite of AI-powered capabilities, hx AI, at its first AI event in London. According to the insurtech, hx AI is designed to revolutionise pricing, actuarial and underwriting productivity and decision-making in the insurance industry. To increase insurers' efficiency and profitability, hx AI introduces tools that harness ... Read the full article
Tokio Marine Kiln appoints James Wilson as Head of Special Risks
28th March 2025
Tokio Marine Kiln (TMK), a global specialty insurer, has appointed James Wilson as Head of Special Risks, starting in the autumn. In his new role, Wilson will report to Vivek Syal, Chief Underwriting Officer for TMK, and is tasked with expanding the firm's portfolio to establish lead market positions across all ... Read the full article
European reinsurers experience ROE improvement: Goldman Sachs
28th March 2025
Following strong returns in 2023 and 2024, return on equity (ROE) has improved for the European reinsurance sector, which has now exceeded cost of equity in three of the last four years, according to Goldman Sachs. Prior to 2023 and 2024, the reinsurance industry had only covered its cost of equity ... Read the full article
Mitsui Sumitomo Insurance agrees to acquire 15% of W. R. Berkley stock from third parties
28th March 2025
Japanese property and casualty (P&C) insurer Mitsui Sumitomo Insurance Co., Ltd. (MSI) has agreed to acquire 15% of commercial lines P&C insurance holding company, W. R. Berkley Corporation's outstanding common stock via open market purchases or private transactions with third parties. MSI has entered into the agreement with a company owned ... Read the full article
Strategic hires to power Arbol’s growth in AI, insurance and other sectors
28th March 2025
Global climate risk solutions platform Arbol has expanded its leadership team with strategic hires to drive growth across artificial intelligence (AI), insurance, agriculture, and energy storage. Arnav Tripathy, who has joined Arbol as its new Head of AI, will lead the company’s automation and machine learning initiatives across its insurance offerings. Tripathy ... Read the full article
Assurex Global expands network with Cowan Group partnership
28th March 2025
Assurex Global, a privately held commercial insurance, risk management, and employee benefits brokerage group, has announced the addition of Cowan Group Ltd. to its network, effective March 17, 2025. Established in 1927, Cowan Group Ltd., through its subsidiaries Cowan Insurance Group Ltd. and Cowan Benefits Ltd., offers a broad range of ... Read the full article
Venerable appoints Alvites VP, Head of Audit and Ellis as VP, Compliance
28th March 2025
Venerable, owner and manager of legacy variable annuity business, has announced the appointment of George Alvites and Angie Ellis as Vice President, Head of Audit and Vice President, Compliance, respectively. The firm also announced the promotion of Susan Clark and Alexandra Findleton to Vice President roles. Alvites brings to his new role ... Read the full article
Allianz Trade appoints Wongi Kim to succeed Andy Ryoo as Country Head, South Korea
28th March 2025
Insurer Allianz Trade in Asia Pacific has appointed Wongi Kim as the Country Manager for South Korea, effective April 1st, 2025, succeeding Andy Ryoo. Ryoo, a seasoned trade credit professional retires from the role after a career spanning over 22 years with the company. Kim joined Allianz Trade in 2015 as Business ... Read the full article
US tariffs hit personal lines insurers hardest, J.P. Morgan reports
27th March 2025
J.P. Morgan, a financial services firm, recently conducted an in-depth analysis of the potential effects of US tariffs on the insurance industry. Their findings suggest that personal lines insurers, which include companies providing auto and home insurance, are more vulnerable to the direct consequences of tariffs than commercial insurers or reinsurers. While ... Read the full article
Ryan Specialty appoints former Aon exec Steve Keogh as COO
27th March 2025
Ryan Specialty has appointed former Aon executive Steve Keogh as the Chief Operating Officer, effective May 1st, 2025. Keogh is an industry veteran who started his career at Aon Global Risk Consulting as a Financial Analyst in 1988, subsequently spending over 28 years with the global broker. His tenure at Aon included ... Read the full article
Xceedance invests in Friendly to drive L&H AI solutions
27th March 2025
Xceedance, a global provider of technology and digital solutions, has strategically invested in Friendly, a San Francisco-domiciled artificial intelligence company focused on life & health (L&H) underwriting, claims management, and risk assessment processes. This investment underscores Xceedance's commitment to supporting L&H and reinsurance clients with cutting-edge technologies addressing evolving market needs. By ... Read the full article
Cowbell Connectors expands to 30+ integrations to enhance cyber risk assessment
27th March 2025
Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has announced the expansion of its Cowbell Connectors to more than 30 integrations with top security and cloud service providers. Cowbell Connectors enhance cyber risk assessment and underwriting by leveraging inside-out data, unlike businesses that rely on outside-in or partial ... Read the full article
South Korea battles worst wildfires on record
27th March 2025
Won Myung-soo, Director of Satellite Imagery Analysis, National Forestry Service, stated that the Uiseong fire in South Korea quickly began spreading on Wednesday, reaching the coastal county of Yeongdeok 51 km (32 miles) away in just 12 hours, with more than 300 structures destroyed. Out of nearly 30 fires since last ... Read the full article
Allianz makes executive changes to Commercial arm
27th March 2025
Allianz UK has appointed Adam Lloyd as Chief Underwriting Officer and Claire Buck as Chief Technical Officer, a newly created role, in its Commercial arm covering Mid Corp, Fleet, and Digital/SME, effective April 14. According to Allianz, both Lloyd and Buck are internal appointments, reflecting its commitment to leveraging in-house talent ... Read the full article
RenRe’s integrated underwriting strategy better serves clients: O’Donnell, CEO
27th March 2025
Kevin J. O’Donnell, President and CEO of RenaissanceRe, explained that the company’s underwriting approach combines property lines with casualty and specialty to create an optimally efficient portfolio, enhancing its capacity to solve customers' problems. In his recent Letter to Shareholders, O'Donnell emphasised that each of RenRe's business lines has a unique ... Read the full article
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