Reinsurance News
Neville Ching joins Willis Re in Bermuda to support joint venture
4th September 2025
Willis Re, a specialised reinsurance broking joint venture between Bain Capital (BCIS) and WTW, has announced that industry veteran Neville Ching has joined the company in Bermuda to support the firm’s reinsurance joint venture. As a reminder, in December 2024, WTW confirmed its plan to re-enter the treaty reinsurance broking market ... Read the full article
ABIR members see strong growth in 2024, despite elevated claims
4th September 2025
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) recorded a solid performance in 2024, showing a 10% increase in premium written, an 8.5% rise in total equity and gross written premium (GWP) increased to over $188 billion, a record figure, according to a recently published report. ABIR’s Global ... Read the full article
Dale Underwriting Partners to exit offshore energy as a standalone class
4th September 2025
Dale Underwriting Partners, the trading name of Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, a specialist insurer at Lloyd’s of London, has announced it will cease writing Offshore Energy as an independent class of business. The decision to discontinue Offshore Energy as a standalone class follows a strategic review of the ... Read the full article
Stephen O’Flynn named SVP, Underwriter on Ascot Re’s Casualty Treaty team
4th September 2025
Global specialty insurer and reinsurer Ascot Group has announced the appointment of Stephen O'Flynn as Senior Vice President, Underwriter on the Ascot Re Casualty Treaty team in Bermuda. In this role, O'Flynn will report to Sean Ramlal, Head of Casualty and Professional Underwriting at Ascot Re. O'Flynn brings 30 years of industry ... Read the full article
Lockton Re launches Dubai operations
4th September 2025
Lockton Re, the reinsurance business of the independent insurance broker, has launched its Dubai operations, which will be led by Gerard Monayer as Chief Executive Officer (CEO), Lockton Re, Middle East and North Africa (MENA). The move marks the broker's significant investment in the region with the aim to further build ... Read the full article
Lloyd’s CEO resets expectations around Blueprint Two timeline
4th September 2025
In a frank letter accompanying Lloyd’s half-year results, CEO Patrick Tiernan called for a reset of expectations around key milestones for Blueprint Two, including market testing, dress rehearsals and a safe cutover, confirming that the re-platforming element will not be completed before 2028, and stressing the level of care required ... Read the full article
OAK Global launches retro syndicate at Lloyd’s
4th September 2025
Global reinsurance provider OAK Re has rebranded its group identity to OAK Global, and launched a strategic business unit, OAK Enterprise, to underwrite retrocession business with an appetite for property and specialty classes, which will also provide risk solutions to clients through Lloyd’s Syndicate 1440. The rebrand reflects the group's broader ... Read the full article
Lloyd’s posts 6% rise in GWP and profit of £4.2bn for H1’25
4th September 2025
Lloyd's, the specialist insurance and reinsurance marketplace, generated gross written premium (GWP) of £32.5 billion in the first half of 2025, while the underwriting result contracted to £1.5 billion as the Los Angeles, California wildfires pushed the combined ratio to 92.5%. Top-line growth of 6% year-on-year was driven by volume growth ... Read the full article
Steadfast Group continues expansion US MGA Novum
4th September 2025
Steadfast Group, an Australian insurance broker, has announced the acquisition of a majority stake in Novum Underwriting Partners LLC, an US-based specialty managing general agency (MGA) and wholesale brokerage. Established in Ohio in 2019, the business is underpinned by a proprietary technology platform, Novum Online, to offer a suite of services. This ... Read the full article
KCC appoints Milan Simic as Global Strategy Advisor
4th September 2025
Karen Clark & Company (KCC), a provider of catastrophe risk modelling solutions, has announced the appointment of Dr. Milan Simic as Global Strategy Advisor. In this role, Simic will lead global growth initiatives and manage international client relationships. Based in London, he will report to Karen Clark, Co-Founder and CEO of ... Read the full article
Neptune Insurance files for IPO on the New York Stock Exchange
4th September 2025
Neptune Insurance Holdings Inc., the parent company of Neptune Flood Incorporated, has announced the public filing of a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its Class A common stock. The company intends to list its shares on the New ... Read the full article
Descartes Underwriting appoints Sébastien Bardy as CFO
4th September 2025
Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has appointed Sébastien Bardy to the newly created role of Chief Financial Officer (CFO). Bardy will report to CEO Tanguy Touffut and lead Descartes’ financial scale-up with a focus on value creation for stakeholders. He will build ... Read the full article
Everest names Voralia CUO for Global Reinsurance
3rd September 2025
Everest Reinsurance, the reinsurance division of Everest Group, has announced the appointment of Jiten Voralia as Chief Underwriting Officer (CUO) for Global Reinsurance, effective immediately. Voralia will be succeeding Chris Downey, who was recently promoted to EVP and Group CUO, and will report to Jill Beggs, EVP and CEO of Reinsurance. In ... Read the full article
Reinsurance increasingly a buyer’s market as focus shifts to growth: Rousseau, Guy Carpenter
3rd September 2025
Laurent Rousseau, CEO of EMEA and Global Capital Solutions at reinsurance broker Guy Carpenter, said recently that the reinsurance industry is "clearly and increasingly in a buyer's market" and stressed that as returns continue to rise, insurers and reinsurers are looking to grow both organically and through M&A. Guy Carpenter, the ... Read the full article
Oceanview Re names Timothy Gasaatura as President & CEO
3rd September 2025
Oceanview Reinsurance Ltd. (Oceanview Re), a subsidiary of Oceanview Holdings Ltd., has announced the appointment of Timothy Gasaatura as President and CEO. Gasaatura succeeds Stelian Dragan, who has chosen to relocate to the US after serving as President and CEO of Oceanview Re for the past three years. Since June 2024, Gasaatura ... Read the full article
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