Reinsurance News
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
Aon names Qin Lu as Head of North Asia
4th September 2025
Aon, a global insurance and reinsurance broking group, has announced the appointment of Qin Lu as Head of North Asia. In this role, Qin will oversee teams across Japan, Korea, Mainland China, Hong Kong, Taiwan, and Macau, uniting them under a single subregion. He will expand his current responsibilities as Head of ... Read the full article
Commissioner Yaworsky penalises insurers $2m+ for misconduct during hurricanes
4th September 2025
Florida’s Insurance Commissioner Mike Yaworsky is penalising eight insurers a combined $2,075,000 for claims-handling violations identified during market conduct examinations for Hurricanes Ian and/or Idalia. Examinations uncovered several instances of misconduct, including using adjusters not properly appointed, failing to acknowledge receipt of claims communications in a timely manner, not including certain ... Read the full article
Moody’s appoints Simon Harris to lead its global Insurance Initiative
4th September 2025
Moody’s has announced the appointment of Simon Harris to lead its Insurance Initiative, aiming to strengthen the firm’s presence and impact in the global insurance sector. In this role, Harris will partner with MA’s Insurance Solutions group and Moody’s Ratings to enhance Moody’s Corporation’s position as a go-to source for insurance ... Read the full article
Tysers and Turkish insurance broker Rönesans announce strategic partnership
4th September 2025
Tysers Insurance Brokers, an independent Lloyd’s broker and member of the Australian AUB Group, has entered a strategic partnership with insurance broker Rönesans Reinsurance & Insurance Brokerage, as part of its expansion across Türkiye and across Central Europe. Under the agreement, Tysers will take an equity stake in Rönesans, strengthening their ... Read the full article
Reinsurance shields Australian insurers from billions in losses: Actuaries Institute
4th September 2025
Australian general insurers spent around AUD2.5 billion on reinsurance last financial year, a strategy that prevented the need for up to AUD70 billion in capital to cover natural disasters and other major claims, according to research from the Actuaries Institute, the professional body representing actuaries in Australia. The Institute’s Dialogue Paper, ... Read the full article
S&P reports MGA growth creates both opportunities and threats for reinsurers
4th September 2025
Reinsurers’ growing reliance on managing general agents (MGAs) represents both opportunity and risk, S&P Global Ratings, a provider of credit ratings and financial analysis, stated ahead of RVS 2025 in Monte Carlo. According to S&P, MGAs enable reinsurers to access specialist risks and distribution channels, but they also create vulnerabilities that ... Read the full article
SEADRIF’s new parametric policy delivers $2m payout to Lao PDR
4th September 2025
The SEADRIF Insurance Company made a payout of $2 million to the Ministry of Finance of Lao PDR on 1st September 2025, under a first-of-its-kind policy that uses official government data on the number of people affected as the sole payout trigger, after 305,196 people were impacted by multiple disaster ... Read the full article
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