Reinsurance News
Howden Re appoints Emily Lo as Head of Analytics, Asia
19th February 2025
Howden Re, the reinsurance division of Howden, has announced the appointment of Emily Lo as Head of Analytics, Asia. Lo is a qualified actuary with over 20 years of experience in general insurance and reinsurance across Asia and Australia. Her expertise spans pricing, reserving, product development, and capital & reinsurance management for ... Read the full article
Apollo enhances drone insurance offering with product liability coverage
19th February 2025
Apollo, the integrated insurance group, has announced the expansion of its offerings to include drone product liability coverage. This new addition is being provided as part of Moonrock’s existing binder with Apollo, further strengthening their partnership in the growing drone insurance market. Martin Jackson, Class Leader, Aviation, Apollo, said: "We’ve officially expanded ... Read the full article
WTW teams with Cornell University to address global drought risks
19th February 2025
WTW, a global advisory, broking, and solutions company, has formed a new partnership with Cornell University to analyse the risks posed by severe and extended droughts worldwide. This collaboration will offer a deeper understanding of global vulnerability to drought risks and explore the potential effects of water scarcity on business operations. Around ... Read the full article
Pen Underwriting expands P&T coverage to US risks
19th February 2025
Pen Underwriting, a subsidiary of Arthur J. Gallagher & Co., has announced the expansion of its international ports and terminals (P&T) specialism to cover US risks. This move ensures the company can cover all global jurisdictions, building on the strong performance of Pen’s existing P&T portfolio outside the US. The new US ... Read the full article
Farmers Exchanges projects $600m wildfire loss, reaffirms commitment to California
19th February 2025
The Farmers Exchanges, a group of reciprocal insurers including Farmers Insurance Exchange, Fire Insurance Exchange, and Truck Insurance Exchange, have released initial estimates indicating a $600 million loss from the recent California wildfires. This figure is net of the per-occurrence reinsurance programme and before taxes, excluding Farmers’ portion of FAIR Plan ... Read the full article
Howden acquires Forbes Insurance and Hill Aviation
19th February 2025
Global insurance and reinsurance broker Howden has announced the acquisition of aviation specialists Forbes Insurance Limited, and the acquisition of the book of business from Hill Aviation Insurance Services Limited. Forbes Insurance and Hill Aviation will be rebranded as Howden and will form a new specialist retail Aviation division within Howden ... Read the full article
CFC launches cyber portfolio quoting service for UK brokers
19th February 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has launched a new service that automates quoting for up to thousands of policies. Initially available for CFC’s cyber products, the service enables UK brokers to generate bulk quotes for their entire book of business in a single, streamlined process. Pat ... Read the full article
Lloyd’s launches two new Enhanced Yield Liquidity Funds
19th February 2025
Global insurance and reinsurance marketplace Lloyd’s has expanded its Investment Platform through the launch of two new Enhanced Liquidity Funds. The two new funds, denominated in Euros and British Pounds, will be joining the existing US Dollar fund. These Enhanced Yield Liquidity funds have been designed for long-term strategic cash holdings at ... Read the full article
Travelers Europe names Mike Lawton as Chief Operating Officer
19th February 2025
The European counterpart of primary insurer The Travelers Companies Inc., Travelers Europe has appointed Mike Lawton as the Chief Operating Officer, subject to regulatory approval. In the new role, Lawton will report to Matthew Wilson, Chief Executive Officer of Travelers Europe, and oversee the day-to-day business operations and implementation of the ... Read the full article
SiriusPoint reports underwriting income of $200m for 2024
19th February 2025
SiriusPoint has reported a full-year 2024 core income of $244.6 million, including underwriting income of $200 million, with a core combined ratio of 91%. The firm's 2024 total core income declined from $291.4 million in 2023, while underwriting income also fell from $250.2 million (89.1% combined ratio). According to SiriusPoint, the decrease ... Read the full article
Hamilton Global Specialty names Thorp as Head of Space, Golder to lead Treaty
19th February 2025
Hamilton Global Specialty, an underwriting platform of Bermuda-domiciled Hamilton Insurance Group, has made two senior underwriting appointments, naming Mike Thorp as Head of Space and Chris Golder as Head of Treaty. In their new roles, Thorp will report to Sinead Cormican, Deputy Active Underwriter, Syndicate 4000, while Golder will report to ... Read the full article
Conduit Re posts strong growth and underwriting performance amid elevated cat activity in 2024
19th February 2025
Bermuda-based Conduit Re generated gross premiums written (GPW) of $1.16 billion in 2024, an increase of almost 25% year-on-year, as the company reports a return on equity (ROE) of 12.7% for the year despite the elevated catastrophe experience. The reinsurer states that it achieved "deliberate and targeted" growth across its three ... Read the full article
Just Group completes £16m buy-in for Deutz Retirement Benefits Plan
19th February 2025
Just Group, a specialist in retirement financial solutions, has completed a £16 million buy-in for The Deutz Retirement Benefits Plan, backed by Deutz AG, a global manufacturer of advanced drive systems with a UK presence since 1952. The transaction was completed within six weeks, enabling the Scheme to reduce risk and ... Read the full article
Ignite Specialty Risk adds Ankit Patel as US Head of Intellectual Property Underwriting
19th February 2025
Ignite Specialty Risk, a provider of litigation risk insurance, has appointed Ankit Patel as the US Head of Intellectual Property (IP) Underwriting. Patel has more than a decade of industry experience specialising in contingent legal risks and IP. His experience also includes a wide array of disciplines, including actuarial, underwriting, risk ... Read the full article
Marsh McLennan’s Mercer to acquire SECOR Asset Management
19th February 2025
Mercer, a business of Marsh McLennan, has announced it is to acquire SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. Terms of the transaction, which are subject to regulatory approvals and client consents, were not disclosed. The acquisition is expected to close in the second quarter of ... Read the full article
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