Reinsurance News
Richard Mills to lead Amiga Specialty Transactional Risks, UK & Europe as MD
13th August 2025
Amiga Specialty, a B.P. Marsh-backed managing general agent (MGA), is welcoming Richard Mills as Transactional Risks Managing Director, UK & Europe, effective immediately. In his new role he has been tasked with establishing the transactional risks business line for Amiga, strategic positioning, distribution and working with insurance carrier partners to provide ... Read the full article
Beazley grows premiums to $3.19bn in H1’25 amid disciplined market stance
13th August 2025
Beazley has reported insurance written premiums of $3.19 billion in H1 2025, up 2% from $3.12 billion in H1 2024, with CEO Adrian Cox saying the growth reflects the firm's disciplined approach and its strategy of prioritising rate adequacy and long-term profitability over short-term income. Of the total in H1 2025, ... Read the full article
Broker concern over underinsurance in UK non-standard market & accelerated market softening: Prestige
13th August 2025
A new survey by Prestige Underwriting has highlighted growing concerns among UK insurance brokers about the disconnect in the non-standard market, where an increasing number of clients are underinsured amid a softening market. The Prestige Underwriting’s Non-Standard Survey, which gathered insights from 99 insurance brokers across the UK involved in the ... Read the full article
SiriusPoint to provide Arden with capacity for new US wildfire parametric solution
13th August 2025
Bermuda-based insurer and reinsurer SiriusPoint has partnered with Arden Insurance Services LLC, a United States-based commercial property managing general underwriter (MGU), as a capacity provider for the MGU's newly launched wildfire-exposed risks program, which includes embedded parametric coverage. Arden’s new Consolidated Fire Insurance Policy (CFIP) will initially be offered in California, ... Read the full article
Stonybrook appoints Peter McGuire to Board of Directors
13th August 2025
Stonybrook Capital & Risk Management, a global advisory boutique, has announced the appointment of Peter McGuire to its Board of Directors. McGuire is an industry veteran with over three decades of experience in the re/insurance sector. He founded Xchange Group LLC, an insurance and investment holding company, in 2010, serving as Chairman, ... Read the full article
Pole Star Global expands into marine insurance with Clearwater Dynamics acquisition
13th August 2025
Pole Star Global, a provider of maritime intelligence solutions, has acquired UK-based Clearwater Dynamics, a real-time maritime risk intelligence company, marking its expansion into the marine insurance sector. The deal creates a new, integrated approach for managing insurance risk, strengthening Pole Star's leadership in maritime domain awareness, combining Clearwater's capabilities in ... Read the full article
Seckin Atilgan joins Willis Credit Risk Solutions as Head of Growth, Trade Credit in Asia
13th August 2025
Willis, a WTW business, has announced the appointment of Seckin Atilgan as Head of Growth for Trade Credit in Asia, within its Credit Risk Solutions business. Based in Singapore, Atilgan will report to Lee Garvey, Head of Credit Risk Solutions, Asia Pacific at Willis. In his new role, he will be responsible ... Read the full article
AM Best upgrades outlook on WAICA Re to positive, ratings affirmed
13th August 2025
AM Best has revised the outlook for WAICA Reinsurance Corporation PLC (WAICA Re) to positive from stable, while affirming the company’s Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair). According to AM Best, the revised outlook reflects growing confidence in WAICA Re’s ability ... Read the full article
Swiss Re introduces guidance for underwriters on repurposed longevity drugs
12th August 2025
Swiss Re's August 2025 Life Guide has introduced guidance for underwriters on how to assess life insurance applicants who show signs of using repurposed longevity drugs, an emerging trend among health-conscious individuals. The update provides new guidance on medications like metformin and rapamycin, which were originally developed for other conditions but ... Read the full article
Liberty GTS promotes Jason Remsen to Head of East, Americas
12th August 2025
Liberty Global Transaction Solutions (GTS), a division of Liberty Mutual Insurance, has announced the promotion of Jason Remsen to Head of East in the Americas region. Based in New York City, Remsen will report to Hilary Weiss, Head of Americas at Liberty GTS. Remsen brings extensive experience as a corporate attorney representing ... Read the full article
CatIQ lowers Hurricane Debby flood loss estimate in Ontario & Quebec to CAD 2.8bn
12th August 2025
CatIQ, a provider of industry-wide catastrophe insurance data and a subsidiary of PERILS, has released its fifth industry loss estimate for the extensive flooding in Ontario and Quebec caused by the remnants of Hurricane Debby between 9 and 10 August 2024. The fifth estimate, which provides a snapshot of the insurance ... Read the full article
Allianz Trade appoints Stephen Georgetii as CCO for the Americas
12th August 2025
Allianz Trade, a provider of trade credit insurance and part of the Allianz Group, has appointed Stephen Georgetii as its new Chief Credit Officer for the Americas. In this role, Georgetii will oversee the development and implementation of credit policy, review and approve loan applications, and help mitigate risk associated with ... Read the full article
Zurich launches Fronted MBR solution for multibillion-dollar construction programs
12th August 2025
Zurich North America has launched its Fronted Master Builders Risk (MBR) solution, a new insurance product designed to handle unprecedented scale and complexity of today’s largest construction projects. This offering is particularly relevant given the growth in sectors like e-commerce, artificial intelligence (AI), and advanced manufacturing. "We began developing this at the ... Read the full article
CAC Group names John Ludwig as President & Chief Growth Officer
12th August 2025
CAC Group, a national insurance broker and advisor comprised of CAC Specialty and CAC Agency, has appointed John Ludwig to the newly created role of President & Chief Growth Officer. The appointment underscores CAC's continued investment in market expansion, talent development, and client-first innovation, driving sustained growth. In his new role, Ludwig ... Read the full article
Hiscox lifts return estimates for syndicates 33 and 6104
12th August 2025
International specialist insurer Hiscox has disclosed current estimates for Syndicate 33's and Syndicate 6104's 2023 and 2024 accounts. For the 2023 year of account, Hiscox now estimates that Syndicate 33 will generate a return of 12% to 22% on its capacity of £1.699 billion, of which Hiscox holds a 73% share. ... Read the full article
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