Reinsurance News
Yingling to lead newly launched Ryan Specialty National Programs
4th March 2025
International insurer Ryan Specialty has launched Ryan Specialty National Programs, a new practice group within its underwriting managers specialty, Ryan Specialty Underwriting Managers (RSUM). Led by Shawn Yingling as Chief Executive Officer, National Programs has been created with a centralised focus on specialty, class specific package business on both an admitted ... Read the full article
Brookfield Wealth Solutions launches in the UK
4th March 2025
Brookfield Wealth Solutions has entered the UK insurance market to focus on delivering bulk annuity solutions for UK pension schemes and is expected to begin operations later in the first quarter of the year, subject to final regulatory approvals. The launch follows a comprehensive approval process carried out by the Prudential ... Read the full article
Gabriel Gross to lead expansion of XS Global’s parametric portfolio
4th March 2025
Managing general agent (MGA) XS Global has appointed Gabriel Gross as Director of ART & Parametrics, effective March 1st, 2025, based in Paris. In his new role, Gross will lead the expansion of the firm's parametric portfolio and secure additional capacity for a global diversified book of business. He is also tasked ... Read the full article
Talanx invests in solar and wind energy projects in Austria’s Burgenland
4th March 2025
The Talanx Group has announced it is investing in expanding solar and wind energy capacity in Austria’s Burgenland region. According to Talanx, this move is part of Austria’s largest renewable energy project finance transaction to date, highlighting its commitment to a sustainable, responsible ESG-based investment policy and reinforcing its role as ... Read the full article
Aon acquires Mitsubishi Chemical Group’s in house insurance business in Japan
4th March 2025
Global insurance and reinsurance broker Aon completed its acquisition of Mitsubishi Chemical Group's (MCG) in-house insurance agency business on March 1, 2025. The in-house insurance agency business operated as part of Dia Rix, the in-house business services provider to MCG group companies. Aon will provide corporate and personal lines insurance to MCG ... Read the full article
Maths Stanser to lead QBE’s distribution for European markets team
4th March 2025
Commercial insurer QBE has announced the appointment of insurance veteran Maths Stanser as head of distribution for European markets, replacing Fabian Desch who became QBE Germany’s GM last year. Maths will be based in Stockholm, and will lead broker engagement, help design the distribution proposition and develop the broker network across ... Read the full article
Well-priced reinsurance market keeps insurers honest: Beazley CEO
4th March 2025
As specialist insurer Beazley works through its April 1st reinsurance renewal, Chief Executive Officer (CEO) Adrian Cox has said that availability of coverage isn't the issue, it's really about what the rate is, reiterating that a well-priced reinsurance market is good for the company. This morning, Beazley posted a strong ... Read the full article
Marsh expands in Italy with FRT acquisition
4th March 2025
Insurance broker Marsh has acquired Fontana Rava-Toscano & Partners (FRT), a Milan-based insurance brokerage, as part of its growth strategy in Italy. Terms of the acquisition were not disclosed. FRT, a property and casualty insurance broker and risk consulting firm, was established in 1992 by the current partners and Giancarlo Fontana ... Read the full article
Wilson named Deputy Chair of ASML and Non-Exec Director of AHL
4th March 2025
Argenta has appointed Paul Wilson as Deputy Chair of Argenta Syndicate Management Limited, a Lloyd’s managing agency, and as a Non-Executive Director of Argenta Holdings Ltd (AHL), subject to regulatory approval. Wilson has over 35 years of industry experience, including leadership roles at Bain & Company in London, where he led ... Read the full article
Ping An partners with JBA to enhance flood risk management
4th March 2025
Ping An Insurance (Group) Company of China has entered a flood maps licensing agreement with UK-based flood specialist JBA Risk Management to enhance its underwriting and risk management capabilities. The partnership reflects the growing significance of flood risk in China, where both the frequency and severity of flood events have been ... Read the full article
Solar storm could expose global economy to losses of $2.4trn over five years: Lloyd’s
4th March 2025
In a recently published systemic risk scenario, the specialist Lloyd's insurance and reinsurance marketplace has highlighted that a hypothetical solar storm could expose the global economy to losses of $2.4 trillion over five years, with an expected loss of $17 billion from such an event. Lloyd's explains that global economic losses ... Read the full article
James River reports Q4’24 net loss in ‘costly but transformational’ year
4th March 2025
James River Group has reported a Q4 2024 net loss available to common shareholders of $94 million, marking an improvement from a net loss of $152 million in Q4 2023. James River's adjusted net operating loss in Q4 2024 was $40.8 million, compared to an adjusted net operating income of $12.4 ... Read the full article
Justin Budd joins RSUM as SVP and Head of Internal Consulting
4th March 2025
Ryan Specialty has appointed Justin Budd as Senior Vice President (SVP) and Head of Internal Consulting for its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Budd has several years of insurance experience from across the industry and was previously part of the leadership team of the insurance practice at one ... Read the full article
Beazley posts record profit for 2024 with CoR of 74.8%
4th March 2025
Specialist insurer Beazley has reported record profit before tax of $1.423 billion for full year 2024, up 13% on the prior year's $1.254 billion, as insurance written premiums rose 10% year-on-year to $6.164 million on the back of growth in the majority of divisions. Group-wide, Beazley generated an insurance service result ... Read the full article
Mt. Logan Capital Management names Sun Siang Liew as Chief Analytics Officer
4th March 2025
Mt. Logan Capital Management, Ltd., the third-party capital management arm of Everest Group, Ltd., has announced the appointment of Sun Siang Liew as Chief Analytics Officer. In this role, Liew will oversee portfolio management and actuarial analytics, reporting directly to John Modin, CEO of MLCM. “I am pleased to welcome Sun to ... Read the full article
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