Reinsurance News
RGA enters into coinsurance transaction with Anshin Life
5th June 2025
Global life and health reinsurer, Reinsurance Group of America (RGA), has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings, to reinsure a block of whole life policies through coinsurance. The new collaboration builds on a successful ... Read the full article
Younger generation says buying insurance should be simpler: Insurance Europe
5th June 2025
Young people believe that access to insurance must become simpler, more digital, and user-friendly to meet their distinct needs, according to a recent survey by Insurance Europe in partnership with the European Youth Parliament (EYP). The survey gathered responses from 651 young people across 33 European countries. While respondents said they ... Read the full article
Adrian Browne named UK Casualty Director at QBE
5th June 2025
Australian insurers QBE has announced the appointment of Adrian Browne as Director of Underwriting, Casualty for the UK, taking over the role from Anna Bennertt who is retiring at the end of 2025. Browne has over two decades of experience in insurance, spanning actuarial pricing and underwriting leadership. He has been part ... Read the full article
AM Best assigns Performance Assessment to RSUM
5th June 2025
Credit rating agency AM Best has assigned a Performance Assessment of PA-1 (Exceptional) to a group of nine affiliates of Ryan Specialty Underwriting Managers (RSUM), and given them a stable outlook. At the same time, AM Best upgraded the assessments to PA-1 (Exceptional) from PA-2 (Excellent) of Ryan Specialty Underwriting Managers ... Read the full article
Markel Insurance launches FI solutions in Australia, headed by Lan Pham and Daisy Galvin
5th June 2025
Markel Insurance, the insurance operations within Markel Group Inc., has launched Financial Institutions (FI) solutions in Australia, with localised wordings to service a broad range of organisations in the sector. This move is part of Markel's plan to progressively launch targeted and tailored specialty insurance products in the Australian market, and ... Read the full article
AM Best assigns credit ratings to Accelerant Re I.I., affirms Accelerant Holdings’ subsidiaries ratings
4th June 2025
Credit rating agency AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Accelerant Re I.I. (ARPR) (Puerto Rico), with a stable outlook. Concurrently, AM Best affirmed the FSR of A- (Excellent) and the Long-Term ICRs of ... Read the full article
Aon appoints Dan Hartung as Global Head of Event Response for Risk Capital
4th June 2025
Aon, the global insurance and reinsurance broker, has announced the appointment of Dan Hartung as the Global Head of Event Response for Risk Capital, effective immediately. With nearly 15 years of expertise in meteorology and catastrophe analytics, Hartung will oversee Aon’s event response operations. His role will focus on enhancing the company’s ... Read the full article
London-based Amiga Specialty launches with backing from B.P. Marsh
4th June 2025
Amiga Specialty, an independent international Managing General Agent (MGA) headquartered in London, has officially launched with the goal of becoming a leading force in the global insurance MGA market, driven by strategic acquisitions and strong organic growth. Well-capitalised and backed by investors, including publicly listed insurance investment specialist B.P. Marsh & ... Read the full article
reThought Flood hires industry veteran Kevin Thomas to lead residential expansion
4th June 2025
Technology-centric underwriting agency reThought Flood has appointed business development leader and flood expert Kevin C. Thomas to help expand its presence in the residential flood risk market. Thomas will lead the continued development of reThought Flood’s residential insurance distribution strategy. He joins reThought Flood from USI Insurance Services, where he served as ... Read the full article
Guidewire’s total revenue increased 22% to $293.5m in Q3’25
4th June 2025
Property and casualty (P&C) insurance platform Guidewire reported total revenue of $293.5 million for the third quarter of fiscal year 2025, a 22% increase from the same quarter last year. Subscription and support revenue reached $181.8 million, up 32% year-over-year, while license revenue was $57.2 million, up 2%, and services revenue ... Read the full article
Centauri / Lilypad sponsor $30m Koi Re private cat bond for US named storms
4th June 2025
US insurers Centauri Insurance and Lilypad Insurance have sponsored a $30 million Koi Re private catastrophe bond, designed to provide indemnity-based reinsurance protection against named storms in the US. Its successful issuance marks a significant step in leveraging capital markets to strengthen both companies’ risk management strategies. The Koi Re transaction provides ... Read the full article
Reinsurers’ PMLs hold steady for US and European wind risks at Jan 1: Moody’s
4th June 2025
Reinsurers’ Probable Maximum Loss (PMLs) exposures as a percentage of equity capital remained broadly stable year-over-year at January 1 for U.S. wind, U.S. earthquake, and European wind, according to a new report from Moody's. In contrast, exposures declined for Japanese wind and earthquake, driven by growth in sector-wide shareholders’ equity. For those ... Read the full article
Latarche rejoins Verisk Specialty Business Solutions as Chief Digital Officer
4th June 2025
Paul Latarche has been appointed Chief Digital Officer of Verisk Specialty Business Solutions, a leading insurance and reinsurance software specialist in the global re/insurance markets. In his new role, Latarche will lead Verisk Specialty Business Solutions’ digital growth strategy in the UK and across international markets. His responsibilities will include developing a ... Read the full article
Lloyd’s and L&G back Togo’s sustainable development with €200m loan
4th June 2025
The Lloyd’s of London insurance market, represented by MS Amlin, Mosiac Insurance, and the Texel Group, has partnered with Legal & General in a recent transaction to bolster sustainable development in the Republic of Togo. This collaboration facilitates Togo’s inaugural sustainable loan from international investors, a €200m through a 20-year facility ... Read the full article
Optalitix upgrades flagship product with new Model Monitoring feature
4th June 2025
Optalitix has revealed an upgrade to its flagship product, Optalitix Models, with the launch of a powerful new feature, Model Monitoring. This enhancement, made possible by integrating Google Cloud’s latest system tracking technologies directly into the Optalitix Models platform, introduces real-time tracking of insurance pricing models, providing visibility into model usage, ... Read the full article
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