Reinsurance News
MetLife & General Atlantic-backed Chariot Re completes first reinsurance deal
2nd July 2025
Chariot Re, an independent Bermuda-based Class E life and annuity reinsurance firm launched with co-sponsorship by MetLife and General Atlantic, has completed its first reinsurance transaction with a subsidiary of MetLife. Chariot Re, unveiled in 2024 with support from lead investor Chubb and other backers, will reportedly reinsure approximately $10 ... Read the full article
CFC appoints Ian McLean as Chief Technology Officer
2nd July 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has announced the appointment of Ian McLean as Chief Technology Officer. In his new role, McLean will be responsible for accelerating the delivery of CFC’s technology roadmap. He brings over 25 years of experience in scaling technology organisations and driving transformative ... Read the full article
MS Re adjusts leadership within underwriting operations
2nd July 2025
Global reinsurer MS Reinsurance (MS Re) has made numerous leadership changes to its underwriting operations in certain regions and also announced structural adjustments within the Americas, International, and Global Specialty Lines business units to ensure teams are more directly connected to their clients. Specifically, the reinsurer will organise its specialty offering ... Read the full article
Starpeak renews binder with AXA XL’s UK & Lloyd’s business
2nd July 2025
Starpeak, a digital distributor of specialist insurance products, has renewed its long-standing binder arrangement with AXA XL’s UK & Lloyd’s business. The renewal marks the 10th year of their successful partnership, which has significantly contributed to the growth of the sports and leisure insurance sector. The partnership between Starpeak and AXA XL’s ... Read the full article
Liberty GTS appoints Nicholas Lunn and Barbara Magni to regional leadership roles
2nd July 2025
Liberty Global Transaction Solutions (Liberty GTS), part of Liberty Mutual Insurance, has announced the appointments of Nicholas Lunn as Head of the UK, Central Eastern Europe, the Middle East, and Africa, and Barbara Magni as Head of Southern Europe. Both Lunn and Magni will report to Markus Messinger, Head of EMEA. In ... Read the full article
David Carlson to lead Aon’s Global Industrial and Manufacturing team
2nd July 2025
Global re/insurance broker Aon has announced that David Carlson will join the firm as its global industrial and manufacturing leader, effective July 1st, 2025. Carlson will focus on advancing Aon’s industry strategy by deepening sector-specific insights, expanding solution capabilities and aligning global resources to better serve clients. He will also lead initiatives ... Read the full article
IAG’s FY’25 natural peril costs come in below budget at ~$1.1bn
2nd July 2025
Insurance Australia Group (IAG) has reported estimated natural perils costs for the financial year 2025 of approximately $1.08 billion, which is $200 million lower than its allowance for the period. Ahead of its FY’25 results, which will be announced on August 13th, 2025, the insurer reported that the costs include over ... Read the full article
Rates trending downward but soft market still 2-3 years away: Peel Hunt
1st July 2025
Specialty re/insurance rates remain adequate on average and are trending downward, though a soft market is likely still 2–3 years away, according to a recent report by Peel Hunt. Following their participation in the recent Lloyd’s Tour, Peel Hunt analysts met with management teams from Beazley, Conduit Re, Hiscox, and Lancashire. All ... Read the full article
Mark Shaw named Division President of Chubb Workplace Benefits
1st July 2025
Global insurer Chubb has announced the appointment of Mark Shaw as Division President of Chubb Workplace Benefits (CWB). CWB offers a portfolio of streamlined solutions tailored for mid-to-large-sized businesses and the brokers who serve them. Its products are underwritten and administered by Combined Insurance, a Chubb company. In his new role, Shaw ... Read the full article
BMS expands in Australia with acquisition of Corporate and Commercial Insurance Brokers
1st July 2025
The independent specialist insurance and reinsurance broker, BMS Group, has expanded its global presence with the acquisition of Queensland-based Corporate and Commercial Insurance Brokers. Founded in 2006, Corporate and Commercial Insurance Brokers is a property broker providing risk management advice and insurance broking services to large, privately owned organisations. According to the ... Read the full article
Munich Re’s ERGO completes full acquisition of NEXT Insurance
1st July 2025
Munich Re Group has finalised the acquisition of NEXT Insurance, integrating it into the management structure of ERGO Group AG, its major primary insurance business. The transaction, announced earlier in the year, was completed with the companies successfully meeting all conditions, obtaining the necessary regulatory approvals, as scheduled. This acquisition marks ERGO’s ... Read the full article
Peter Thirring named Chairman of VIG Supervisory Board
1st July 2025
Vienna Insurance Group (VIG) has announced that Peter Thirring will assume the role of Chairman of the VIG Supervisory Board, effective 1st July 2025. The decision was made during the constituent meeting following VIG’s 33rd Annual General Meeting. Thirring will succeed Rudolf Ertl, who will remain on the Supervisory Board as Deputy ... Read the full article
Howden appoints Lee Vanderson as Head of Specialty, Philippines
1st July 2025
Howden, the global insurance and reinsurance broking group, has announced the appointment of Lee Vanderson as Head of Specialty for the Philippines. In his new role, Vanderson will focus on expanding Howden Specialty’s presence in the Philippines by showcasing its full range of specialty lines, product offerings, and expertise, and by ... Read the full article
S&P upgrades Arch Capital’s re/insurance subsidiaries ratings to ‘AA-‘ with stable outlook
1st July 2025
Earnings diversity and robust capital has led S&P to upgrade its long-term issuer and financial strength ratings on Arch’s core re/insurance subsidiaries to ‘AA-’ from ‘A+’ and issuer credit rating on the holding company, Arch Capital Group Ltd., to ‘A’ from ‘A-’. The credit rating agency also assigned a stable outlook ... Read the full article
Old Republic Specialty hires Liberty Mutual’s Daniela James as Chief Reinsurance Officer
1st July 2025
Old Republic Specialty Insurance Group, the largest business segment of Old Republic International Corporation and which specialises in the property and casualty market, has appointed Daniela James as Senior Vice President, Chief Reinsurance Officer. James joins the company after more than 19 years with Liberty Mutual Insurance, where she most recently ... Read the full article
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