Reinsurance News
AIG’s UK CEO Chris Rash joins LMG’s board
3rd June 2025
The London Market Group, a market-wide body representing the specialist commercial re/insurance broking and underwriting communities in London, has appointed Chris Rash, CEO of AIG UK, to its board. Rash, who joins as AIG UK’s representative of the International Underwriting Association (IUA), commented, “I am delighted to join the LMG board ... Read the full article
RGA announces JPY 150bn coinsurance transaction with Dai-ichi Life
3rd June 2025
Reinsurance Group of America (RGA), a global life and health reinsurer, has reached an agreement with The Dai-ichi Life Insurance Company for an RGA subsidiary to reinsure JPY 150 billion in statutory reserves through coinsurance. The transaction is effective March 31, 2025. Gaston Nossiter, Senior Vice President, Japan; Asia Pacific Financial Solutions, ... Read the full article
Harris to succeed Duclos as Chair of QBE Capital
3rd June 2025
QBE Insurance has appointed Christopher Harris as Chair of QBE Capital, effective 9 May 2025. Harris will serve as the successor to Dave Duclos, the outgoing Chair of QBE Capital, who will retire in July 2025. QBE stated that Duclos's 9-year tenure has seen the successful evolution of the role of the ... Read the full article
AM Best maintains stable outlook on Italy’s non-life insurance segment
3rd June 2025
AM Best has maintained its stable outlook on Italy’s non-life insurance segment driven by natural catastrophe risks gaining relevance, expected maintained profitability, and stable growth sustained by underwriting discipline. Natural catastrophe risks are gaining relevance due to new laws effective March 31, 2025, which require large enterprises to have insurance coverage ... Read the full article
Swiss Re CorSo appoints Robert Hunziker as Head of Asia
3rd June 2025
Swiss Re Corporate Solutions, the commercial insurance arm of the global reinsurer, has appointed Robert Hunziker as Head of Asia (China, Japan, and Southeast Asia). Readers may recall that this appointment is part of Swiss Re Corporate Solutions' new organisational structure, featuring Market Units, designed to enhance service to corporates ... Read the full article
Global Parametrics and One Acre Fund deliver parametric crop cover for Nigerian farmers
3rd June 2025
Global Parametrics, part of the CelsiusPro Group, has partnered with One Acre Fund to provide financial protection for smallholder farmers in Nigeria against crop losses caused by drought and end-of-season excess moisture, through the Natural Disaster Fund (NDF). The cover is structured using Global Parametrics’ Water Balance Index (WBI), which leverages ... Read the full article
Lockton Re names Baldwin Senior Broker, Retro and Property Specialty Division
3rd June 2025
David Baldwin has become the latest addition to Lockton Re’s Retrocession and Property Specialty Division, having been recently appointed Senior Broker. With over three decades of experience in international reinsurance broking, Baldwin offers a wealth of knowledge gained in both the Lloyd's and London markets, coupled with extensive understanding of numerous ... Read the full article
Neo Insurance secures funding from Japan’s ITOCHU Corporation
3rd June 2025
Neo Insurance Solutions, a provider of advanced, modular digital insurance infrastructure, has secured a strategic equity investment from ITOCHU Corporation, one of Japan's largest trading and investment companies. ITOCHU is known for its disciplined, long-term approach to building global businesses, bringing expertise in financial services and a strong network across Asia ... Read the full article
Kevin Johnson named CUO for Munich Re Specialty, North America
3rd June 2025
Munich Re Specialty - North America, part of global reinsurer Munich Re Group's insurance operations, has announced the appointment of Kevin Johnson as its Chief Underwriting Officer (CUO). In his new role, Johnson will be responsible for driving underwriting excellence, strengthening portfolio performance, and contributing to the strategic growth of the ... Read the full article
Small size, mixed capital strength shape EMEA reinsurer ratings: Fitch Ratings
3rd June 2025
Fitch Ratings, a credit rating agency known for its analysis of financial institutions and insurance entities, has identified size-related constraints and varying capital strength as key factors influencing the ratings of small reinsurers operating in the EMEA region. In its latest peer review published on 29 May 2025, Fitch assesses four ... Read the full article
Nina Arquint takes over as Swiss Re CorSo CEO UK & Ireland
3rd June 2025
Swiss Re Corporate Solutions, the commercial insurance arm of the global reinsurer, has announced the appointment of Nina Arquint as its new CEO for UK & Ireland. Her appointment is part of the company’s new organisational structure which features Market Units, designed to enhance service for corporates and brokers at ... Read the full article
Aon names Andy Marcell as CEO of Global Solutions
2nd June 2025
Andy Marcell, currently Chief Executive Officer (CEO) of Risk Capital at global insurance and reinsurance broking group Aon, where he successfully combined the firm's Commercial Risk and Reinsurance solutions, will serve as the company's CEO of Global Solutions. In his new role, Marcell heads Aon's integrated Risk Capital and Human Capital ... Read the full article
Legal advertising & third-party litigation funding fuel rise in insurance costs: Triple-I
2nd June 2025
A new brief by the Insurance Information Institute (Triple-I) suggests that a sharp rise in attorney advertising, mass torts and third-party litigation funding (TPLF) in the United States is linked to the rising insurance costs. According to research from the American Tort Reform Association (ATRA), legal service providers spent more than ... Read the full article
Lloyd’s CEO looks to leverage historic brand in era of global uncertainty
2nd June 2025
As Patrick Tiernan steps into his role as CEO of the specialist Lloyd’s insurance and reinsurance marketplace, he has emphasised that the organisation’s primary focus should be on activities that drive sustainable profitability and maintain underwriting discipline throughout the economic cycle. In a new statement, Tiernan observed that trust in ... Read the full article
Safehold partners with Concert Specialty to launch specialised equipment coverage program
2nd June 2025
Safehold Special Risk, a division of Innovation Growth Partners Specialty, LLC, has partnered with Concert Specialty Insurance, a member company of Concert Group, to launch a new specialised equipment coverage program. The Safehold Specialized Equipment Coverage Program offers tailored insurance solutions and risk management expertise for contractors who own or lease ... Read the full article
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