Reinsurance News
Moody’s releases Version 25 of North Atlantic Hurricane Models for insurance applications
16th June 2025
Moody’s, a provider of risk modelling and analytics for the financial and insurance sectors, announced that Version 25 of its RMS North Atlantic Hurricane Models has been approved by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM). The certification, granted on June 12, 2025, allows the model to be used ... Read the full article
Himanshu Garg named Head of New Business Initiatives, Everest Re
16th June 2025
Himanshu Garg has been promoted to Head of New Business Initiatives at Everest Reinsurance. Everest stated that Garg joined the firm in 2018 and has consistently demonstrated deep industry expertise, strategic thinking, and a strong track record of execution. In the new role, Garg will lead the development and implementation of Everest's ... Read the full article
UK financial institutions set sights on growth as Lloyds highlights sector’s investment potential
16th June 2025
UK commercial banking group Lloyds has highlighted the growing role financial institutions could play in supporting the country’s long-term development, as firms prepare to expand and invest across key areas such as AI, digital infrastructure, and workforce skills. “The insurance sector is evolving fast – from life insurers expanding through pension ... Read the full article
Hiscox appoints Harriet Hanna as COO of Lloyd’s managing agent HSL
16th June 2025
Specialist global insurer Hiscox has appointed Harriet Hanna as Chief Operating Officer of Hiscox Syndicates Ltd (HSL), the Lloyd’s of London managing agent that underwrites capacity for Hiscox’s business units, including Hiscox London Market. According to the firm, Hanna will have oversight responsibilities for the operational capabilities of HSL, ensuring that ... Read the full article
Marsh launches €1bn insurance facility for data centre construction projects
16th June 2025
Marsh, an insurance broker, risk advisor and business of Marsh McLennan, has launched Nimbus, its new insurance facility providing clients with comprehensive cover for the construction of large-scale data centres across the UK and Europe. Nimbus, supported by a panel of insurers from Lloyd’s and company markets in London and Europe, ... Read the full article
Howden Re and UCL School of Management receive £200k for AI project targeting reinsurance processes
16th June 2025
Howden Re, the reinsurance and advisory division of Howden, and the UCL School of Management have been awarded £200,000 in government funding through a Knowledge Transfer Partnership (KTP), and the project is co-funded by Innovate UK and Howden Re. The partnership will focus on developing AI tools intended to update how ... Read the full article
Gallagher Re reveals leaked data as a strong predictor of cyber insurance claims
16th June 2025
Reinsurance company Gallagher Re, through the expertise of its authors James Poynter, William Gildea, Mohit Motwani, and their Cyber Analytics team, presents a comprehensive analysis of how technographic data can be leveraged to enhance underwriting in commercial cyber insurance. Their research focuses on the development and application of the Technographic Insight ... Read the full article
Aon promotes Rieth to Global Cyber Leader, Commercial Risk Solutions
16th June 2025
Aon has announced the promotion of Brent Rieth to the role of Global Cyber Leader within Commercial Risk Solutions. Rieth, currently head of Cyber Solutions, North America, will now lead Aon’s global cyber strategy, overseeing growth, innovation, and operational performance across all regions. Based in Chicago, Reith will reportedly retain direct responsibility ... Read the full article
Lockton names Claughton as National Manager for FI and Moens as Client Manager, Australia
16th June 2025
Lockton, a privately held insurance brokerage, has strengthened its Professional and Executive Risk team with the appointments of Craig Claughton as National Manager – Financial Institutions (FI), based in Queensland and Dennis Moens as Client Manager, based in Sydney. The hires align with Lockton’s strategy to invest in deep, specialist expertise ... Read the full article
ICIEC & CAGEX renew reinsurance alliance to further OIC trade growth
16th June 2025
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has renewed its reinsurance treaty arrangement with the Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX) for the 2025 underwriting year. ICIEC is a Shariah-based multilateral insurer and Islamic Development Bank (IsDB) Group member. The signing of this agreement ... Read the full article
ICISA elects Hannover Re’s Müller as President and Chubb’s Buckley as VP
16th June 2025
The International Credit Insurance & Surety Association (ICISA) has announced the election of large European reinsurer Hannover Re’s Jan Müller as President and US insurer Chubb’s Dekker Buckley as Vice-President (VP). In a recent post, ICISA stated, “With their experience, vision, and commitment, they will guide ICISA as we continue to ... Read the full article
US home insurance becoming increasingly unaffordable: IRC
13th June 2025
The average cost of home insurance in the US has increased faster than inflation over the past 20 years, driven by natural disasters, higher repair costs, supply chain disruptions, and population shifts into high-risk areas, according to the Insurance Research Council (IRC). A new research brief from the IRC finds that ... Read the full article
ARC’s Board appoints David Maslo as interim CEO
13th June 2025
The Board of African Risk Capacity Ltd (ARC) has announced the appointment of David Maslo as interim CEO, effective 16th June 2025. Maslo brings a strong combination of actuarial expertise and policy insight to this role. He returns to ARC Ltd after serving as Chief Risk Management Officer at the Caribbean Catastrophe ... Read the full article
Global reinsurance viewed as stable amid uncertainty: S&P
13th June 2025
At S&P Global Ratings’ 41st Annual North American Insurance Conference, the key topic of conversation was uncertainty, yet S&P believes the industry is well-positioned to withstand it, viewing global reinsurance and North American life and property/casualty (P/C) insurance as stable. The main areas of uncertainty—and volatility—on the minds of S&P’s external ... Read the full article
RIQ revealed as official name for AI-native reinsurance platform launched by IHC
13th June 2025
Global investment firm IHC has announced the official launch of Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in ADGM (Abu Dhabi Global Market), the international finance centre in Abu Dhabi. "The unveiling of the brand marks a significant milestone following the announcement last month and underscores ... Read the full article
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