Reinsurance News
Majority of MGAs believe the claims process with carriers needs improvement
11th August 2025
Over three-quarters (77%) of MGAs say the claims process with carriers needs improvement, up from 59% in 2023, with 91% of carriers sharing this view, according to the MGA Opinion Report by Clyde & Co in collaboration with the MGAA. The report highlighted the complex landscape the MGA sector faces, shaped ... Read the full article
BHSI appoints Franco Masciovecchio as Country Manager for Switzerland
11th August 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, professional, and cyber insurance solutions, has appointed Franco Masciovecchio as its new Country Manager for Switzerland. Masciovecchio brings over 30 years of extensive experience in the insurance industry, having held multiple senior leadership positions. Prior to joining BHSI, he was the ... Read the full article
Lancashire announces key senior management changes as Spence and Johnston depart
11th August 2025
Insurer and reinsurer Lancashire Holdings Limited has announced a number of senior management changes at Lancashire Syndicates Limited and Lancashire Insurance Company Limited, as well as additional senior underwriting appointments. John Spence, CEO of Lancashire Syndicates Limited, and Hayley Johnston, CEO of Lancashire Insurance Company Limited, will both be retiring from ... Read the full article
Nicholas Carbo to lead WTW ICT business as Senior Director
11th August 2025
WTW, an insurance and reinsurance broking group, has announced the appointment of Nicholas Carbo as Senior Director to its Insurance Consulting & Technology (ICT) business, a Florida-based role. In his new position, Carbo will be responsible for supporting clients with annuity product development and pricing, modelling, assumption development, reinsurance and mergers ... Read the full article
Howden completes $4.1bn debt repricing at tight levels
11th August 2025
Howden Group, a UK-headquartered insurance broker and reinsurance intermediary, has completed a repricing of its US$3.1bn Term Loan B due 2031 and its £765m Revolving Credit Facility (RCF). The changes, finalised on 8 August, cut the Term Loan B margin by 25 basis points to 275bps over SOFR (Secured Overnight Financing ... Read the full article
ISS Sustainability Solutions acquires Sust Global to expand geospatial risk capabilities
11th August 2025
ISS Sustainability Solutions, the sustainable investment division of ISS STOXX, has acquired Sust Global, a provider of geospatial risk modelling and analytics. The move aims to enhance ISS Sustainability Solutions’ ability to offer institutional clients tools to assess asset-level risks tied to climate and environmental factors. Sust Global, founded in 2020, uses ... Read the full article
Swiss Re’s Li joins NormanMax Insurance Solutions to lead Climate & Alternative Risk
11th August 2025
Yong Li has joined NormanMax Insurance Solutions, a Lloyd’s coverholder and parametric re/insurance solutions provider, as President, Climate & Alternative Risk Solutions. With over two decades of experience, Li is a seasoned expert in commodity trading and investment. His background includes asset optimisation, risk management and business development across a wide ... Read the full article
Uzbekistan launches national reinsurer in strategic move to strengthen insurance market: S&P
11th August 2025
Uzbekistan is preparing to launch its first national reinsurance company, the Reinsurance Company of Uzbekistan (RCU), in a move that international credit rating agency S&P Global Ratings describes as strategically important but highly dependent on strong capitalisation and effective execution. The initiative, intended to increase local risk retention and improve the ... Read the full article
Adrees Tinkler to lead Hiscox’s new Alternative Risk Transfer team
11th August 2025
Hiscox, a global specialist insurer, has announced the appointment of Adrees Tinkler from Allianz to lead a new Alternative Risk Transfer (ART) team within its London Market business. Tinkler will be based in London and is set to join Hiscox later this year. The new ART team team will focus on the ... Read the full article
Argo Group’s net income increased 362% to $59m in Q2’25
11th August 2025
Argo Group International Holdings, Ltd. reported a net income of $58.8 million for the second quarter of 2025, marking a significant 362.2% increase compared to $12.7 million in the same quarter a year earlier. Net income attributable to common shareholders was $56.1 million, up notably from $10 million in Q2’24. Total revenue ... Read the full article
IQUW enhances SRCC risk modelling amid rising civil unrest and shifting reinsurance market
11th August 2025
In a Reinsurance News interview, IQUW—a property and specialty re/insurance business—shared insights into how SRCC (strikes, riots, and civil commotion) risks are evolving and how the industry is adapting. Speaking on behalf of the company were Kate Hughes, Underwriter for Political Violence & Terrorism and War, and Matt Hopwood, Man-Made Catastrophe ... Read the full article
TD Bank Group expects $36m in catastrophe claims for Q3’25
11th August 2025
TD Bank Group expects catastrophe claims of approximately $36 million, after reinsurance and before tax, to be reflected in its Wealth Management & Insurance segment results for the third quarter. This is significantly lower than the $186 million in catastrophe claims reported in the third quarter of 2024. In Q2 2025, the ... Read the full article
O’Riordan succeeds Patel as CFO of The Fidelis Partnership
11th August 2025
Conor O’Riordan has been promoted to Group Chief Financial Officer (CFO) at The Fidelis Partnership (TFP), succeeding Hinal Patel, who is leaving the business for health reasons. As CFO, O’Riordan will oversee the financial reporting, planning, treasury, corporate finance and investor relations functions, continuing to work closely with Grahame Dawe (UK ... Read the full article
PIC secures £4.3bn buy-in for Rolls-Royce UK pension fund
11th August 2025
Pension Insurance Corporation plc (PIC), a specialist in insuring defined benefit pension schemes, has finalised a £4.3 billion buy-in with the Rolls-Royce UK Pension Fund. This landmark agreement safeguards the Fund’s outstanding liabilities, ensuring the pensions of 36,000 members—comprising 15,000 current pensioners and 21,000 deferred members—are fully secured. Rolls-Royce PLC is a ... Read the full article
QBE’s net profit hit $1bn in H1’25, GWP grew 6%
11th August 2025
Australian insurer QBE has reported a statutory net profit after tax of $1.02 billion for the first half of 2025, a 27.4% increase from $802 million in the same period a year earlier. Adjusted net profit after tax was $997 million, up from $777 million in H1’24, resulting in an adjusted ... Read the full article
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