Reinsurance News
MS Amlin Underwriting (MS AUL) posts improved profit for Q3’24
14th February 2025
Global insurer and reinsurer MS Amlin Underwriting Limited (MS AUL) has reported a 5% year-on-year rise in insurance service profit to £130 million for the period January to September 2024, as the firm highlights continued growth and profitability. MS AUL, which includes Lloyd’s Syndicate 2001, Amlin Corporate Member Limited, and AUL ... Read the full article
Forvis Mazars partners with JBA Risk Management to enhance climate risk reporting
14th February 2025
Forvis Mazars, an audit, tax, and advisory firm, has joined forces with UK-based flood scientists JBA Risk Management to strengthen its climate-related physical risk sustainability reporting services. This collaboration comes in response to increasing international regulatory requirements that demand more detailed climate impact assessments. Previously reliant on open-source flood risk data, Forvis ... Read the full article
Assurant announces leadership changes in Europe and LatAm
14th February 2025
US specialty insurer Assurant has announced a number of leadership appointments in Europe and Latin America, including Felipe Sanchez as its new president, Europe, Diego Gomez as president of Assurant Mexico, and Ines Aramburu as president of Assurant Argentina. In his new position, subject to regulatory approval, Sanchez will have responsibility ... Read the full article
Conning: 77% of US insurers remain optimistic about 2025 investments despite rising concerns
14th February 2025
Conning, an asset management firm specialiSing in insurance investments, has released its annual Insurance Investment Risk survey, which reveals that while optimism remains high about the investment environment for the year ahead, there has been a slight dip in confidence compared to the previous year. 77% of the 310 US insurance ... Read the full article
WTW names Guy Donahue as Cross Industry Midwest Property Broking Leader
14th February 2025
WTW, a global advisory, broking, and solutions company, has announced the appointment of Guy Donahue as the new Cross Industry Midwest Property Broking Leader within Corporate Risk and Broking North America (CRB NA). In this role, Donahue will oversee strategic initiatives, build and maintain client relationships, and lead property broking activities ... Read the full article
Origin Specialty Underwriters launches captive division
14th February 2025
Managing General Agent (MGA) Origin Specialty, a specialist in restaurant, hospitality, and construction industries and partner company of Beyond Risk, has announced the formation of Origin Captive Solutions. Led by Daniel Rossen as Managing Director, the new division has been created to bring captive solutions to middle market companies by offering ... Read the full article
Arch eyes reinsurance growth amid “attractive” returns: CEO Papadopoulo
13th February 2025
Global insurer and reinsurer Arch Capital is looking to write more property reinsurance business as returns seem attractive, CEO Nicolas Papadopoulo commented following the release of the company’s financial results for the fourth quarter and full year 2024. "We like the business (reinsurance). Absent the competitive nature and other people ... Read the full article
Prudential Financial appoints Walia as Chief People Officer, Alziari to retire
13th February 2025
Prudential Financial has announced the appointment of Vicki Walia as Chief People Officer, effective March 31, 2025. She will be succeeding Lucien Alziari, who will retire after serving as Prudential’s Chief Human Resources Officer for eight years. Walia, who has a wealth of experience in talent management, currently leads the company’s human ... Read the full article
CatIQ increases Hurricane Debby loss estimate from flooding in Ontario & Quebec to C$2.8bn
13th February 2025
CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has released its fourth industry loss estimate for the flooding caused by the remnants of Hurricane Debby, which impacted Ontario and Quebec between August 9 and 10, 2024. The latest estimate, representing the insurance market’s outlook ... Read the full article
MGAA and ABI sign agreement to boost insurance sector
13th February 2025
The Managing General Agents’ Association (MGAA) and the Association of British Insurers (ABI) have signed a Memorandum of Understanding (MoU) designed to strengthen collaboration and drive progress within the insurance sector. The agreement signifies a shared commitment to mutual understanding, enhanced cooperation, and joint efforts in addressing key industry challenges. The MoU ... Read the full article
Lockton establishes Digital Office led by Claude Yoder
13th February 2025
Independent insurance broker Lockton has established a Digital Office to drive innovation in data, analytics, and technology strategies across the Lockton Enterprise while delivering transformative solutions. The new unit will be led by Claude Yoder as Chief Data, Analytics and Digital Officer. Yoder has served as Lockton Re's Global Analytics Leader ... Read the full article
Kuwait Re’s net profit climbs 30% to $46m in 2024
13th February 2025
Kuwait Reinsurance Company has reported a net profit after tax of $45.93 million for the full year 2024, an increase of 30% as compared to the $35.22 million figure posted in 2023. The firm's insurance revenue was also up in 2024, climbing 12% from $232.11 million in 2023 to $259.88 million. Meanwhile, ... Read the full article
Global InsurTech funding fell to a seven-year low in 2024: Gallagher Re
13th February 2025
Global InsurTech funding fell to a seven-year low in 2024, declining 5.6% year-over-year from $4.51 billion in 2023 to $4.25 billion in 2024, according to a recent Gallagher Re report. This data is from Gallagher Re's Global InsurTech Report, the fourth and final instalment in its 2024 series on AI’s role ... Read the full article
MNK Re targets SMEs in Latin America with new energy reinsurance facility
13th February 2025
MNK Re, an independent reinsurance broker of specialist risks into Lloyd’s, has launched its new energy facility, designed to provide reinsurance solutions specifically to meet the demands of small to medium-sized businesses (SMEs) across Latin America. This new facility will offer capacity of up to $50 million per declaration, which will ... Read the full article
Palomar reports strong 23% growth in premiums for Q4’24
13th February 2025
Palomar Holdings, Inc., a specialty insurer, posted strong underwriting performance in 2024, with significant increases in premiums and underwriting income, driving robust financial performance for the fourth quarter and full year. In the fourth quarter 2024, Palomar saw impressive growth in its underwriting operations. Gross written premiums surged 23.3%, reaching $373.7 ... Read the full article
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