Reinsurance News
Everest makes new leadership appointments for US Wholesale insurance business
25th April 2025
Everest, a provider of reinsurance and insurance solutions, is expanding the executive leadership team for its US Wholesale insurance business, Everest Evolution™. The appointments include Matt Meserole as Head of Excess Casualty, where he will oversee the strategic direction and underwriting performance of the Everest Evolution Excess Casualty business. Meserole, a proven ... Read the full article
MAPFRE RE’s premiums grow to nearly €2.4bn in Q1’25
25th April 2025
MAPFRE RE, which encompasses the Reinsurance and Global Risks businesses of Madrid-based insurer MAPFRE, has reported a combined ratio of 97.9% for Q1 2025, an increase of 4.1 percentage points from Q1 2024, driven by the California wildfires, which had an attributable impact of €85 million. Despite the impact of catastrophe ... Read the full article
IUA announces new Board members
25th April 2025
The International Underwriting Association's Board has welcomed three new members, all senior leaders from the London company market. Its three new member representatives are Charlotte Lach, Chief Operating Officer of AIG UK and Global Specialty, Nick Hobbs, Chief Distribution Officer of Allianz Commercial and Stav Tsielepis, Group Chief Actuary of International ... Read the full article
Pen Underwriting names Lorraine Malcolm as Senior Underwriter for Scotland
25th April 2025
Pen Underwriting, a specialist underwriting agency in the UK, has appointed Lorraine Malcolm as Senior Underwriter for Scotland within its Commercial Risk Managed team, effective Tuesday, 22nd April. This team serves brokers and clients nationwide through a network of regional hubs. Based in Glasgow, Malcolm brings over 30 years of extensive experience ... Read the full article
hyperexponential and Duck Creek partner on P&C performance
25th April 2025
hyperexponential (hx), a UK-based pricing decision intelligence platform for re/insurers, has partnered with Duck Creek Technologies, a provider of intelligent solutions for the property and casualty insurance industry, to drive performance and profitability for the P&C industry. Together, the companies aim to deliver an integrated solution that will enable insurers to ... Read the full article
AXIS completes $2.3bn LPT reinsurance agreement with Enstar
25th April 2025
Global insurer and reinsurer, AXIS Capital Holdings Limited and global legacy re/insurance specialist, Enstar Group Limited have completed their previously announced 75% ground-up quota share loss portfolio transfer (LPT) reinsurance agreement. The transaction was completed following the receipt of regulatory approvals and satisfaction of various other closing conditions. The LPT agreement ... Read the full article
2025 robust bulk annuity market to benefit UK life insurers: Fitch
25th April 2025
Strong bulk annuity volumes are expected for 2025, which will continue to benefit UK life insurers despite potential challenges from regulatory changes, according to a recent Fitch Ratings report. Driven by favourable market conditions and significant capital inflows, analysts expect transactions to exceed GBP40 billion for the third year in a ... Read the full article
Lockton welcomes back Robert Reiff as Regional Executive, People Solutions
25th April 2025
Insurance brokerage Lockton is strengthening its People Solutions team with the return of Robert Reiff as Regional Executive. Reiff is rejoining Lockton from Soluta Inc., where he most recently served as Chief Revenue Officer, leading revenue development, channel partner strategy, and go-to-market efforts for its technology-enabled employee benefits solutions. Through his career, ... Read the full article
Goosehead Insurance reports strong Q1’25 results with 17% revenue growth
25th April 2025
Goosehead Insurance, an independent personal lines insurance agency, has reported robust financial results for the first quarter of 2025, with total revenues reaching $75.6 million - up 17% from the same period last year. Core revenues, which exclude contingent commissions and other one-time items, also rose 17% to $69.1 million, driven ... Read the full article
Riskonnect & MAPTYCS partner to enhance property and climate risk management
25th April 2025
Riskonnect, a provider of integrated risk management software solutions, has formed a strategic partnership with MAPTYCS, a geospatial platform for property risk analysis and event response, to offer a faster, more efficient approach to managing property and climate risks. This partnership provides corporate and insurance risk professionals with access to accurate, ... Read the full article
Falcon Risk appoints Laura Coppola as EVP, Head of Management Liability
25th April 2025
Falcon Risk Services, a wholly owned managing general agent (MGA) of HDI Global SE, has appointed Laura Coppola as Executive Vice President (EVP), Head of Management Liability, based in New York City. In the new role, Coppola oversees growth, portfolio management, and product development for Private and Public Company Management Liability ... Read the full article
Mid-year renewal trading conditions more favourable for reinsurers than Jan 1: RenRe CUO
24th April 2025
David Marra, Executive Vice President and Group Chief Underwriting Officer (CUO) of Bermuda-based reinsurer RenaissanceRe (RenRe), said today that the firm is encouraged with trading conditions ahead of the mid-year property renewals, with more balance between supply and demand when compared with the January 1st renewals. Addressing analysts after the release ... Read the full article
Westfield Specialty International names Mark Benbow to lead new Fine Art & Specie team
24th April 2025
Westfield Specialty International, the London-based specialty insurance arm of Westfield, has named Mark Benbow as Head of its newly launched Fine Art and Specie team. Benbow brings over 35 years of experience in the insurance industry, most recently serving more than thirteen years in the fine art and specie underwriting team ... Read the full article
Reinsurance joint venture is progressing well: WTW CEO
24th April 2025
Carl Hess, CEO of global broking group WTW, said the firm’s reinsurance joint venture with private investment firm Bain Capital is progressing well, and he remains confident in its long-term contribution to growth and earnings. In December 2024, WTW confirmed its intention to re-enter the treaty reinsurance broking market through ... Read the full article
BHSI promotes Jeff Murdock to Head of US Property Claims
24th April 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance products, has announced the promotion of Jeff Murdock to Head of U.S. Property Claims. Based in Boston, Murdock succeeds Scott Lee, who will retire in July after a 40-year career in claims, including eight years at BHSI, ... Read the full article
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