Reinsurance News
SCOR posts solid P&C performance as FY’24 net income falls on L&H assumption review
5th March 2025
French reinsurer SCOR generated net income of €233 million in the fourth quarter of 2024, up 43.2% on the comparable prior year quarter, as gross written premiums (GWP) across the Group increased by 2.5% to €5.1 billion, driven by growth in property and casualty (P&C). SCOR's solid Q4 2024 performance has ... Read the full article
Howden Re welcomes Nicolò Forcellini as Director, DACH London team
5th March 2025
Howden Re, a global reinsurance broker, has recently announced the appointment of Nicolò Forcellini as a Director at Howden Re Fac, where he will be joining the DACH London team. Forcellini will work under the leadership of Tom Sharman, Managing Director of Howden Re Fac. Sharman commented: "Nicolò’s appointment further strengthens our ... Read the full article
Amwins acquires Community Association Insurance Solutions
5th March 2025
Amwins, a distributor of specialty insurance products and services, has acquired Community Association Insurance Solutions (CAIS), a Managing General Agent (MGA) and Programme Administrator specialising in insurance solutions for homeowners' associations, townhomes, condominiums, and planned unit developments. As per the terms, CAIS will continue its ongoing operations as part of Amwins ... Read the full article
Marvin Pestcoe joins Employers Holdings’ Board of Directors
5th March 2025
Employers Holdings, Inc., a provider of workers' compensation insurance and risk management services, has announced the appointment of Marvin Pestcoe to its Board of Directors, effective March 3, 2025. Pestcoe brings extensive experience to the board, having retired from Langhorne Re, a global reinsurer specialising in life and annuity portfolios. He served ... Read the full article
Hiscox reinstated retro and bought additional cover after LA wildfires
4th March 2025
The start of 2025 saw several wildfires impact the Greater Los Angeles area, causing loss of life and widespread destruction, with insurance industry losses currently coalescing around the $40 billion mark, leading Hiscox to tap its retrocession coverage. Specialist insurer Hiscox recently reported that its own losses from the wildfires, projected ... Read the full article
Emma Woolley appointed CEO of AIG’s Talbot
4th March 2025
Global insurer AIG's Talbot Underwriting, an international insurer and reinsurer operating within the specialist Lloyd's marketplace via Syndicates 1183 and 2019, has appointed Emma Woolley as its new Chief Executive Officer (CEO), effective March 2025. Talbot has been part of AIG since 2018 when the carrier acquired Validus for $5.56 ... Read the full article
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
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