Reinsurance News
Sustained demand key to long-term cyber re/insurance market growth: Gallagher Re
22nd April 2025
Sustaining demand in the cyber insurance market is vital for long-term growth, requiring increased investment and innovation in product design to deliver more comprehensive, tailored solutions that position cyber coverage as an essential, value-driven investment, according to a recent report by Gallagher Re. The reinsurance broker emphasised that ensuring sustainable growth ... Read the full article
Bernhard Kaufmann to succeed Patrick Raaflaub as Swiss Re CRO
22nd April 2025
Industry giant Swiss Re has appointed Helvetia's Bernhard Kaufmann to succeed Patrick Raaflaub as Group Chief Risk Officer (CRO), effective October 1st, 2025. Kaufmann has 17 years of industry experience and has held the position of CRO for several companies during his career. Currently, he serves in the same position at Helvetia, ... Read the full article
Reinsurance market finds balance in 2024, Arundo Re sees continued growth
22nd April 2025
The “gradual easing of the hard market” in 2024 led to an improvement for reinsurers, though less pronounced than in 2023, particularly in reinsurance terms and program structures, as per Hervé Nessi, Arundo Re's Chief Underwriting Officer. In the firm's 2024 Activity Report, Nessi observed that primary reinsurance rates continued to ... Read the full article
DUAL North America appoints Cameron Conboy EVP of Flood
22nd April 2025
DUAL North America has announced it is strengthening its flood insurance leadership with the appointment of Cameron Conboy as Executive Vice President of Flood. In his new role, based in San Diego, Conboy will leverage his 19 years of industry experience to lead the expansion and development of DUAL’s Flood division, ... Read the full article
Hadron to expand insurance capabilities in the US with GCNA’s acquisition
22nd April 2025
Hybrid insurer Hadron has announced it is to acquire The Guarantee Company of North America USA (GCNA), a Michigan-domiciled insurance company, from Atlantic Specialty Insurance Company, a subsidiary of Intact Financial Corporation. The acquisition, a major milestone for Hadron’s growth, is expected to close in the third quarter, subject to regulatory ... Read the full article
Loadsure expands leadership team to drive growth
22nd April 2025
Loadsure, an insurtech managing general agent (MGA), has expanded its senior leadership team with a series of key appointments. Johnny McCord, Founder and CEO of Loadsure, said, “Our expanded leadership team marks a significant milestone for Loadsure as we bring Holistic Freight Protection to market and evolve as an organisation. “We’re dedicated ... Read the full article
Nat Cat & extreme weather threatens insurability and bankability of renewables worldwide: GCube
22nd April 2025
Natural catastrophes and un-modelled extreme weather risks have now become a global threat for renewable energy markets, raising concerns about the long-term bankability and viability of clean energy projects as the industry expands, according to GCube’s “Known Unknowns” report. Fraser McLachlan, CEO of GCube Insurance, said: “For years, the US has ... Read the full article
Guy Carpenter CEO expects continuation of 1.4 trend at mid-year renewals
17th April 2025
Speaking during Marsh McLennan's Q1 2025 earnings call this afternoon, Dean Klisura, CEO of reinsurance broker Guy Carpenter, provided an outlook for the mid-year reinsurance renewals. Klisura indicated that he expects the trends seen during the January 1 and April 1 renewals to continue into the June 1 ... Read the full article
Amwins SRU launches new Excess Casualty Sidecar Program
17th April 2025
Amwins Special Risk Underwriters (SRU) has launched its new Excess Casualty Sidecar Program, offering comprehensive coverage solutions across a wide range of industries. Available exclusively through Amwins brokers and written on A+ rated paper, the program provides follow-form excess liability on a quota-share basis, delivering flexibility and strong protection for clients. Key ... Read the full article
Lockton appoints Chris DiLullo as US Industry Practices Leader
17th April 2025
Independent insurance broker Lockton has announced the appointment of Chris DiLullo as its first U.S. Industry Practices Leader. In this newly created role, DiLullo will report to Tim Ryan, U.S. President at Lockton, and lead the firm’s national strategy across key sectors — including construction, healthcare, law firms, life sciences, real ... Read the full article
LA wildfires drive Q1’25 insured losses above $53bn: Aon
17th April 2025
According to Aon's Q1 Global Catastrophe Recap, insured losses in the opening quarter exceeded $53 billion, well above the 21st-century Q1 average of $17 billion, marking the second-highest total on record after Q1 2011. As per the firm's report, the California wildfires contributed approximately $38 billion to this insured loss total, ... Read the full article
Ignyte Insurance launches to accelerate growth in specialty insurance
17th April 2025
Ignyte Insurance has officially launched as a specialty insurance platform focused on acquiring, scaling, and accelerating high-performing insurance brands in niche markets globally. Led by Geof McKernan, Bill McKernan and Marc Castellucci, the launch follows the recent sale of NSM Insurance Group’s U.S. commercial business to New Mountain Capital. With decades ... Read the full article
Neptune Flood reveals key leadership appointments to support continued growth
17th April 2025
Neptune Flood, a private flood insurance provider in the US, has announced several strategic leadership updates to support its ongoing expansion. Matt Duffy has been promoted from Managing Director to President. In this expanded role, Duffy will lead Neptune’s strategic initiatives, manage partnerships, and oversee daily operations. Since joining the company, he ... Read the full article
Stephen Scott to lead Gallagher’s newly launched MEA Risk Advisory practice
17th April 2025
Gallagher has launched a new Risk Advisory practice for the Middle East and Africa (MEA) region with the appointment of Stephen Scott as its Head. In his new role he will bring together Gallagher’s global consulting and analytic capabilities with a regional team to deliver local tailored solutions. As part of the ... Read the full article
Guy Carpenter’s revenue up 5% to $1.2bn in Q1’25
17th April 2025
Global broking group Marsh McLennan's reinsurance arm, Guy Carpenter, saw its revenue increase in the first quarter of 2025 to $1.2 billion, as total revenue within the Risk & Insurance Services segment rose 11%. Guy Carpenter's revenue increased by 5% year on year on both a GAAP and underlying basis and ... Read the full article
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