Reinsurance News
Theresa Biedermann to lead BHSI E&P Lines Claims US team
19th March 2025
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Theresa Biedermann to Head of Executive & Professional (E&P) Lines Claims in the US, a New York-based role. In her new role, the executive will oversee claims across all BHSI E&P Lines in the U.S., including Commercial (Public) D&O, Private D&O, ... Read the full article
Ping An P&C’s net profit swells 67.7% in 2024
19th March 2025
Ping An Insurance Company of China has disclosed that its property & casualty (P&C) segment achieved a net profit of RMB 15,021 million in 2024, marking a significant 67.7% increase compared to 2023. The segment maintained steady growth and strong business performance throughout the year, with insurance revenue for Ping An ... Read the full article
Matt Havey named President of Ryan Alternative Risk
19th March 2025
International specialty insurance firm Ryan Specialty has announced the promotion of Matt Havey to President of its alternative risk underwriting business, Ryan Alternative Risk. As part of this promotion, Kieran Dempsey, CEO of Ryan Alternative Risk, will separate the President role from his title. Havey joined Ryan Specialty in April 2024 as ... Read the full article
ZestyAI’s Severe Convective Storm Suite approved for use in five states
19th March 2025
ZestyAI, a company specialising in property and climate risk analytics, has secured regulatory approval for its Severe Convective Storm Suite in Oklahoma, North Carolina, Louisiana, Wisconsin, and Arkansas, the approval impacts over 12 million residential and commercial properties. Severe convective storms caused $58 billion in insured losses in 2024, making it ... Read the full article
Howden Ventures hires Octopus Ventures’ Luke Hakes as Partner
19th March 2025
Howden, a global insurance intermediary group, has announced the appointment of former Octopus Ventures partner Dr Luke Hakes as a Partner at Howden Ventures to accelerate its next phase of growth. Hakes, based in London, will work alongside Tom Hoad, Head of Howden Ventures, to co-lead the Howden Ventures team and ... Read the full article
Addresscloud launches first North American product
19th March 2025
Addresscloud, a geocoding and property intelligence expert, has launched its North American product, marking a major milestone in its global expansion. The product is designed to provide underwriters, exposure managers and data teams with precise, building-level risk insights. Addresscloud’s CEO, Mark Varley, said: “Our expansion into North America marks a pivotal moment ... Read the full article
Emerald Bay appoints Liberty Mutual’s Tracey Sharis as CEO
19th March 2025
Collaborative underwriting carrier Emerald Bay Risk Solutions has appointed Liberty Mutual Insurance’s Tracey Sharis as Chief Executive Officer (CEO), effective March 20th, 2025. Most recently, she served as the President, Global Risk Solutions for North America Programs at Liberty Mutual Insurance. Sharis has over 25 years of industry experience, leading and growing ... Read the full article
Allianz, BlackRock, and T&D Holdings partner to acquire Viridium from Cinven in €3.5bn deal
19th March 2025
A consortium led by Allianz, BlackRock, and T&D Holdings is acquiring Viridium Group, a platform in European life insurance consolidation, from Cinven, in a €3.5 billion transaction. Cinven, after more than a decade of guiding Viridium, will exit its majority stake in the business. Generali Financial Holdings and reinsurer Hannover Re will ... Read the full article
Marsh appoints Amy Barnes as Global Head of Energy & Power
19th March 2025
Marsh, the insurance broker and risk advisor under Marsh McLennan, has appointed Amy Barnes as Global Head of Energy & Power, effective immediately, based in London. Additionally, the broker has appointed Andrew Herring as Global Chair of Energy & Power, effective January 1st, 2026, based in London. Herring has been with ... Read the full article
European insurance M&A surges 20% in 2024: FTI Consulting
19th March 2025
A new report from FTI Consulting has revealed that European insurance mergers and acquisitions (M&A) remained robust in 2024, reaching a record 694 announced deals, a rise of over 20% from the 574 deals recorded in 2023. As per the report, Broker acquisitions remain a major trend, driven by organic growth ... Read the full article
VIG expands presence in Poland by investing in Phinance
19th March 2025
Vienna Insurance Group (VIG) is expanding its market presence in Poland with the acquisition of a 48.82% stake in Phinance, one of the country’s largest financial brokers. Phinance specialises in insurance sales, financial consulting, and the sale of investment and credit products. The acquisition was approved by the Polish Office for Competition ... Read the full article
Jensten launches new broker network to support insurance professionals
19th March 2025
Jensten Group, a provider of insurance services in the UK, has launched the Jensten Network, a new broker network aimed at offering insurance professionals and independent brokers across the country flexible opportunities for business growth. The network is designed to support professionals at various stages of their careers, providing them with ... Read the full article
Elementum appoints Jeff Davis and Paul Barker to newly created CIO roles
19th March 2025
Elementum, an alternative investment manager specialising in collateralised natural catastrophe reinsurance investments, has appointed Jeff Davis as Chief Investment Officer (CIO), Catastrophe Bonds and Paul Barker as CIO of Private ILS. The firm states that this transition acknowledges Davis and Barker’s success in leading their respective teams and developing investment strategies ... Read the full article
Talanx sees net income climb 25% in 2024 as insurance revenue hits €48.1bn
19th March 2025
Talanx has disclosed a net income of €1.977 billion for 2024, up 25% over the previous year, while the firm's combined ratio also improved to 90.3%. At the same time, Talanx's insurance revenue rose 11% to €48.1 billion in 2024, while the firm's operating profit (EBIT) reached €4.9 billion. All divisions reportedly ... Read the full article
Reask appoints Joss Matthewman as Chief Revenue Officer
19th March 2025
Reask, a climate analytics and technology-driven risk modelling firm, has announced the appointment of Joss Matthewman as Chief Revenue Officer. Matthewman brings extensive experience in re/insurance and catastrophe modelling, with a deep understanding of how models are built, applied, and scaled across global re/insurance, parametric insurance, and ILS markets. He joins Reask ... Read the full article
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