Reinsurance News
$7.9m payout triggered in Syria from WFP’s drought insurance policy
4th July 2025
A $7.9 million drought insurance payout from the World Food Programme is providing relief to vulnerable, conflict-affected communities in Syria, which are now facing the worst drought in 50 years. As Reinsurance New understands, the policy covers critical food-growing regions in Syria and is linked to a pre-agreed operational plan, with ... Read the full article
Markel appoints Jasminder Kaur as Country Head – Malaysia
4th July 2025
Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Jasminder Kaur as Country Head – Malaysia. Kaur will report to Kevin Leung, Chief Underwriting Officer – Asia Pacific at Markel. In her new role, she will be responsible for scaling Markel's operations in Malaysia, marking a significant ... Read the full article
Allstate completes $1.25bn sale of Group Health business to Nationwide
4th July 2025
US primary insurer The Allstate Corporation has completed the previously announced sale of its Group Health business to Nationwide for $1.25 billion, with the transaction closing per the terms of the agreement executed on January 30th, 2025. Nationwide stated that this acquisition will serve as a foundation for its ongoing ... Read the full article
Willis appoints Daphne Duan Wheal as Director of SRC for Asia
4th July 2025
Willis, a WTW business, has announced the appointment of Daphne Duan Wheal as Director of Strategic Risk Consulting (SRC) for Asia. Based in Singapore, Daphne will lead the SRC practice across the region—a core component of Willis’ Engineering, Risk & Analytics team. In this role, she will oversee the delivery of risk ... Read the full article
Previsico urges cross industry collaboration to tackle extreme flooding
4th July 2025
Previsico, the actionable flood warning insurtech, has called for collaboration between insurers, government, and industry to tackle the growing threat of extreme flooding globally during the London Climate Action Week, which took place last month. The flood insurtech engaged with policymakers, insurers, and innovators at the London Climate Action Week to ... Read the full article
Athora to acquire Pension Insurance Corporation for £5.7bn
3rd July 2025
Pan-European savings and retirement services group, Athora, has reached an agreement to acquire Pension Insurance Corporation Group Limited, the parent of Pension Insurance Corporation plc, a specialist insurer of UK defined benefit pension schemes, for approximately £5.7 billion. Athora has €76 billion of assets under management and administration, on behalf of ... Read the full article
Jacques Bonneau appointed Non-Executive Chair of Ki Financial
3rd July 2025
Ki, the fully digital and algorithmically-driven Lloyd's syndicate, has appointed Jacques Bonneau as Non-Executive Chair for Ki Financial Limited, effective July 1st, 2025. Bonneau, who retired in March 2024, previously served as President & Chief Executive Officer (CEO) of Bermuda-domiciled reinsurer, PartnerRe. He is an experienced re/insurance industry veteran, having served in ... Read the full article
IDB expands disaster risk coverage by $2bn, introduces new instruments
3rd July 2025
The Inter-American Development Bank (IDB) has expanded disaster risk coverage by an additional $2 billion and introduced new instruments for both sovereign and private clients. The $2 billion expansion includes $1 billion for its Contingent Credit Facility for Natural Disasters and another $1 billion through Climate Resilience Debt Clauses. Under the Contingent ... Read the full article
AXA XL appoints Victoria Killingsworth as Senior Underwriter, E&S
3rd July 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Victoria Killingsworth as Senior Underwriter for Excess & Surplus (E&S) lines. In her new role, Killingsworth will underwrite E&S property risks across a range of industries, working closely with other insurance ... Read the full article
Asset manager Janus Henderson partners with life insurer Guardian
3rd July 2025
The Guardian Life Insurance Company of America, one of America’s largest life insurers and providers of employee benefits, has partnered with Janus Henderson Group plc, a global asset manager. Under the terms of this agreement, Janus Henderson will become Guardian’s investment grade public fixed income asset manager. This collaboration will see Janus ... Read the full article
Zurich expands cyber capabilities with acquisition of BOXX Insurance
3rd July 2025
Global insurer Zurich Insurance Group has entered into an agreement to acquire BOXX Insurance Inc., a Toronto-based cyber insurance and risk management insurtech, which will be integrated into Zurich Global Ventures (ZGV). This acquisition is set to boost Zurich’s cyber protection capabilities, allowing it to provide retail and SME cyber insurance ... Read the full article
Q2 2025 cat bond issuance hits record $10.5bn: Artemis
3rd July 2025
The second quarter of 2025 was another record period for the catastrophe bond market, with issuance of $10.5 billion from 38 transactions comprised of 58 tranches of notes, ensuring that new annual records have been set for 144A property cat bond and total 144A cat bond and related ILS issuance, ... Read the full article
Fire Safety Reinsurance Facility expands coverage limit to £70m
3rd July 2025
The insurance industry’s Fire Safety Reinsurance Facility, an initiative aimed at providing insurance coverage for multi occupancy buildings with fire safety issues, has increased its coverage limit from £50 million to £70 million, the Association of British Insurers (ABI) has revealed. This expansion, following a successful first year, is set to ... Read the full article
It’s time to automate the ceded reinsurance process, says DXC Technology’s James Mahon
3rd July 2025
In a recent interview with Reinsurance News, James Mahon, Reinsurance Pre-Sales Lead at DXC Technology, highlighted a persistent issue facing the re/insurance industry: the continued reliance on manual processes for managing ceded reinsurance. DXC Technology provides IT services and solutions to insurers around the world, with a focus on helping organisations ... Read the full article
Liberty GTS appoints Hilary Weiss as Head of Americas
3rd July 2025
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has announced the promotion of Hilary Weiss to Head of Americas, effective immediately. Weiss has been part of Liberty Mutual since 2018, when she joined the company as Associate Vice President, Americas M&A. She then transitioned to Liberty GTS in 2021 as ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
