Reinsurance News
CRC Group appoints Aon’s Todd Jones as Chief Growth Officer
23rd April 2025
CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointment of Todd Jones as Chief Growth Officer, effective June 2025. In this role, Jones will lead CRC Group's strategic initiatives aimed at driving organic growth, with a focus on strengthening alignment with key clients. He will report ... Read the full article
Accelerant adds QBE and Tokio Marine America to Risk Exchange
23rd April 2025
Accelerant, a services and data platform for the specialty insurance market, has announced the addition of QBE and Tokio Marine America to its Accelerant Risk Exchange, significantly enhancing the platform’s capabilities and reach. Accelerant’s Risk Exchange offers a streamlined, data-driven approach that connects selected specialty insurance underwriters with risk capital partners, ... Read the full article
Goosehead Insurance appoints Bill Wade to its Board of Directors
23rd April 2025
Goosehead Insurance, a personal lines insurance distribution, has announced the appointment of Bill Wade to its Board of Directors, to help drive the company’s technology-driven expansion. Wade will leverage his deep expertise in leveraging emerging technologies, particularly artificial intelligence (AI), to fuel innovation, operational efficiency, and transformational growth at Goosehead. Mark Miller, ... Read the full article
Swiss Re CorSo to close Hong Kong office as part of operational streamlining
23rd April 2025
As part of its ongoing efforts to optimise operations, Swiss Re Corporate Solutions has made a strategic decision to consolidate services for Chinese corporations within its mainland China offices. With this in mind, Swiss Re CorSo has noted it will be surrendering its license in Hong Kong, subject to regulatory and ... Read the full article
Arundo Re joins open-source cat modelling platform Oasis LMF
23rd April 2025
Open-source catastrophe modelling platform, Oasis Loss Modelling Framework, has expanded across Europe through a series of new partnerships, model innovations, and industry collaborations. Namely, Oasis LMF has welcomed Arundo Re as its newest member, reportedly highlighting the growing demand for open-access modelling solutions within the European insurance and reinsurance markets. Laurent Montador, ... Read the full article
Chaucer and Armilla launch new AI liability insurance product
23rd April 2025
Chaucer Group, a global specialty insurance and reinsurance group, has partnered with Armilla AI, a provider of specialised insurance and risk management solutions for AI, to launch a new standalone third-party liability (TPL) insurance product. The new product addresses the evolving risks of mechanical underperformance in AI systems and models, along ... Read the full article
Xceedance names Gavin Lillywhite Operating Leader UKI and Europe
23rd April 2025
Xceedance, a global provider of technology and digital solutions, has announced the appointment of Gavin Lillywhite as SVP, Operating Leader UKI and Europe. Lillywhite's three decades of international experience in the London, Lloyd's, and Company Insurance Market have provided him with technical underwriting and distribution expertise, as well as a deep ... Read the full article
Chubb’s Q1’25 net income down 37% amid $1.5bn LA wildfire loss
23rd April 2025
Global insurer Chubb has announced its financial results for the first quarter of 2025, reporting a net income of $1.33 billion, impacted by total pre-tax net catastrophe losses of $1.64 billion, which includes $1.47 billion from the California wildfires. The company's Q1 2025 net income represents a 37% decrease compared to ... Read the full article
Brit appoints Jonathan Mudd as Active Underwriter for Syndicate 2988
23rd April 2025
Brit Group Holdings Limited has appointed Jonathan Mudd as Active Underwriter for Syndicate 2988. Mudd, who joined Brit in 2003, currently serves as Managing Director for FinPro and Cyber. He will retain this position alongside his new responsibilities as Active Underwriter for Syndicate 2988. Mudd succeeds Simon Bird in the role, having ... Read the full article
PERILS estimates Cyclone Alfred insurance losses at AUD 2.57bn
23rd April 2025
Zurich-based catastrophe insurance data provider PERILS AG has issued its initial industry loss estimate for Cyclone Alfred, placing the total insurance market loss at AUD 2.568 billion. For those unaware, Cyclone Alfred impacted the Australian states of Queensland and New South Wales between 28 February and 12 March 2025. Although the system's ... Read the full article
Guidewire announces $60m investment to advance growth and modernisation in Japan
23rd April 2025
Guidewire, a provider of cloud-based platform solutions for property and casualty (P&C) insurers, has announced a $60 million investment over the next five years to expand its footprint in Japan and accelerate the development of capabilities tailored to the specific needs of Japanese insurers. This investment will enhance the Guidewire platform ... Read the full article
SCOR appoints Philipp Rüede as CEO of L&H
23rd April 2025
French reinsurer SCOR has appointed Philipp Rüede as the Chief Executive Officer (CEO) of its Life & Health (L&H) division and a member of the Executive Committee, effective June 1st, 2025. He succeeds Frieder Knüpling, who stepped down in July 2024. In the new role, Rüede will prioritise driving the L&H ... Read the full article
The reinsurance pie in India will increase: Azeem Kanjiani, Prudent Insurance Brokers
23rd April 2025
Insurance companies in India continue to grow and as the primary market expands, insured sizes are on the rise, driving more and more mega and ultra mega insurance policies in the country, all of which suggests growth for India's reinsurance market, according to Azeem Kanjiani, Member Executive Board, Reinsurance, Prudent ... Read the full article
Polo Managing Agency appoints Gordon Reid as Operational & New Business Manager
23rd April 2025
Gordon Reid is joining Polo Managing Agency as Operational & New Business Manager to reinforce the company's continued growth and deepening of its Lloyd’s market expertise. In his new role, Reid will have operational and new business responsibilities, as well as support clients while acting as a central point of communication ... Read the full article
SCR rebrands as Atlantic Re to strengthen presence across Africa
23rd April 2025
Société Centrale de Réassurance (SCR) has officially rebranded as Atlantic Re as part of its dynamic strategic transformation aimed at strengthening its position in Morocco and accelerating its influence across the African continent. Since its establishment in 1960, the reinsurer has played a central role in shaping Morocco’s insurance sector, covering ... Read the full article
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