Reinsurance News
US P&C insurance industry generated $170bn net income in 2024: Verisk, APCIA
21st March 2025
According to Verisk, a provider of data analytics and technology solutions, and the American Property Casualty Insurance Association (APCIA), the primary national trade association for home, auto, and business insurers, the US property and casualty insurance industry is estimated to have earned $170 billion in net income for 2024. However, it's ... Read the full article
Fortitude Re announces $4bn reinsurance agreement with Taiyo Life
21st March 2025
FGH Parent, together with its subsidiary, global reinsurance company Fortitude Re, has announced the signing and closing of a $4 billion reinsurance transaction between Fortitude International Reinsurance Company (FIRL) and Taiyo Life Insurance Company (Taiyo Life), a wholly owned subsidiary of T&D Holdings (T&D). Effective February 28, 2025, Taiyo Life has ... Read the full article
Lloyd’s broker SAIB (UK) granted trading seat at Shanghai International Reinsurance Exchange
21st March 2025
Shanghai Asian Insurance Brokers (UK) Ltd. (SAIB UK) is one of six institutions, although the first and only UK-based Lloyd's broker, recently granted a trading seat at the Shanghai International Reinsurance Exchange (SIRE). The introduction of trading seats at the SIRE aims to create greater market transparency, efficiency, and international participation. SIRE ... Read the full article
Lara Martiner named Allianz (AGCS) Global Head of Alternative Risk Transfer
21st March 2025
Allianz Commercial has announced the appointment of Lara Martiner as Global Head of Alternative Risk Transfer at Allianz Global Corporate & Specialty SE (AGCS), effective April 1, 2025. succeeding Grant Maxwell. Maxwell is leaving the German insurer at the end of June, and will maintain her current role as CEO ... Read the full article
BT Pension Scheme completes £10bn longevity swap transactions with Swiss Re & RGA
21st March 2025
The BT Pension Scheme (BTPS), one of the UK’s largest private sector pension schemes with 260,000 members and £36 billion of assets under management, has completed two longevity reinsurance transactions totalling £10 billion. The new longevity re/insurance arrangement includes a £5 billion agreement with Swiss Re and an expansion of existing ... Read the full article
Palomar to acquire Advanced AgProtection
21st March 2025
Specialty property insurer Palomar Holdings has entered into a definitive agreement to acquire Advanced AgProtection (AAP), a Texas-domiciled specialised crop managing general agent (MGA), building on the pairs successful collaboration over the last two years. The AAP team is comprised of industry veterans with longstanding relationships and a proven track record ... Read the full article
Aon promotes Gaspa Rebull, expands Global Risk Analytics leadership
21st March 2025
Global insurance and reinsurance broker Aon has promoted Oriol Gaspa Rebull to global head of analytics strategy and operations for Risk Capital, and also announced three additional new leaders. Within the analytics team, Aon has also appointed Hetul Patel as Head of International Casualty Analytics, Gregory Larcher as US Head of ... Read the full article
MS Amlin binds Ukraine reinsurance facility developed with Aon & EBRD
21st March 2025
Lloyd's global insurer and reinsurer MS Amlin has committed up to €110 million in reinsurance capacity over five years to support war risk policies underwritten by three Ukrainian carriers, via a scheme developed in partnership with global broking group Aon and the European Bank for Reconstruction and Development (EBRD). This €110 ... Read the full article
Insurers to embrace AI & data-driven underwriting in 2025, says Send
21st March 2025
2025 is a pivotal year for the insurance industry, marking the first real opportunity for growth since the COVID-19 pandemic as insurers shift from traditional underwriting to data-driven decision-making, AI adoption, and portfolio management optimisation, according to new research from Send Technology Solutions Ltd (Send). The study, conducted in late 2024 ... Read the full article
SiriusPoint partners with Holmes Murphy’s IPS to launch umbrella excess insurance
21st March 2025
Bermuda-based insurer and reinsurer SiriusPoint has strategically partnered with an independent insurance brokerage in the United States, Holmes Murphy and its wholly owned subsidiary and managing general agent (MGA), Innovative Program Solutions (IPS), to launch a new umbrella excess insurance product. The product will be exclusively tailored to captives managed by ... Read the full article
Embroker appoints Stephen Easley as Vice President of Underwriting
21st March 2025
Embroker, a digital insurance platform simplifying the insurance process for businesses, has announced the appointment of Stephen Easley as Vice President of Underwriting. In this role, Easley will focus on expanding Embroker’s underwriting capabilities, refining specialty insurance products, and collaborating with the team to enhance coverage structures for businesses. He brings over ... Read the full article
Artio launches early-stage carbon insurance, backed by major insurers
21st March 2025
Artio has launched a data-driven early-stage carbon credit delivery insurance product, backed by Tokio Marine HCC International (TMHCCI), Markel, and Apollo and with DA Strategy support. With insurance capacity provided by the trio of major insurers, Artio’s new product aims to help investors to confidently back early-stage carbon removal projects by ... Read the full article
Ethan Godlieb joins Consilium as Associate Partner
21st March 2025
Consilium, a specialty re/insurance broking business of the Aventum Group, has announced the appointment of Ethan Godlieb as Associate Partner to lead Cyber, Tech, and Fintech within its Professional & Executive Risks Division. Godlieb will join Consilium in May after completing his notice period at Aon, where he serves as Cyber ... Read the full article
RiverStone secures loss portfolio transfer with Pacific Valley Insurance
20th March 2025
Legacy reinsurance and run-off specialist RiverStone International has announced a loss portfolio transfer (LPT) deal with Pacific Valley Insurance Company, a Lyft subsidiary. The LPT, covering a commercial auto liability (CAL) portfolio, will be effective January 1, 2025. Guy Carpenter served as the broker for the transaction. Nick Schulson, CEO of RiverStone ... Read the full article
ABI highlights positive impact of Fire Safety Reinsurance Facility
20th March 2025
The Association of British Insurers (ABI) has commended the significant positive impact of the Fire Safety Reinsurance Facility, one year after its launch. Created by re/insurance broker McGill and Partners, with support from the ABI and in partnership with the British Insurance Brokers Association, the Facility was established as an ... Read the full article
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