Reinsurance News
Lockton Re adds Dickerson as Head of Retrospective Reinsurance & Legacy Solutions
9th April 2025
Lockton Re, the reinsurance arm of independent insurance broker Lockton, has appointed James Dickerson in a global role as Head of Retrospective Reinsurance & Legacy Solutions, strengthening its Capital Advisory Practice. Dickerson will be based in the company’s London office. Since 2021, he has served at reinsurance broker Gallagher Re as ... Read the full article
Luke Proctor to lead Aon’s Reinsurance Analytics for UK and Bermuda
9th April 2025
Global insurance and reinsurance broker Aon has announced the appointment of Luke Proctor as Head of Reinsurance Analytics for UK and Bermuda. “Analytics is fundamental to how we understand risk here at Aon. Luke will be leading the strategic direction of Reinsurance analytics capabilities in the UK and Bermuda to help ... Read the full article
Paratus and Low Carbon sign partnership to manage renewable energy price risk
9th April 2025
Paratus Holdings Limited, a specialist re/insurer focused on energy price risk, and Low Carbon, a renewable energy developer and Independent Power Producer (IPP), have announced a strategic agreement to manage power price exposure across Low Carbon’s asset portfolio. The partnership involves the use of Paratus’ energy price insurance product, designed to ... Read the full article
MS Amlin names Gately Head of Strategy, Financial Planning, and Performance
9th April 2025
Lloyd’s global re/insurer MS Amlin has appointed John Gately as Head of Strategy, Financial Planning, and Performance. Gately has two decades of insurance sector experience, having begun his career at KPMG. He has since held various senior roles, including six years at Bernstein Research and five years at HSBC, where he ... Read the full article
Cayman Islands insurance sector generates CI$233m annually for economy
9th April 2025
The Cayman Islands international insurance sector contributes CI$233 million annually to the economy, according to a recent study by The Insurance Managers Association of Cayman (IMAC) and Cayman Finance. The report, conducted by FTS with input from the Cayman International Reinsurance Companies Association (CIRCA), quantifies the significant direct and indirect economic ... Read the full article
Ascot appoints RenRe’s Marc Amen as CEO, North America
9th April 2025
Bermuda-domiciled global specialty re/insurer Ascot Group has appointed Marc Amen as Chief Executive Officer (CEO) North America, effective later this year, after he completes his current obligations. In the new role, Amen will be responsible for all operating facets of Ascot U.S. and Ascot Bermuda insurance and reinsurance companies. Additionally, he will ... Read the full article
risktec marks three-year anniversary with launch of integre solution
9th April 2025
risktec Ltd, a Swiss technology and advisory firm specialising in the re/insurance and risk industries, marks its three-year anniversary with the launch of integre, a new solution designed to meet the evolving needs of the reinsurance market. Founded in 2022 and headquartered in Zurich, risktec has grown to a team of ... Read the full article
McKeon to head Ascot’s US Middle Market Loss Sensitive Casualty
9th April 2025
Ascot, a Bermuda-domiciled global specialty insurer, has appointed Christopher McKeon to lead the company’s new U.S. Middle Market Loss Sensitive Casualty segment. Reporting to David Zimmerman, Executive Vice President, Primary Casualty, McKeon will be managing the development of strategic and tactical initiatives to drive a profitable loss sensitive Middle Market Primary ... Read the full article
MGA Fiducia expands risk appetite for combined liabilities
9th April 2025
Fiducia, a Leeds-domiciled specialty insurance managing general agent (MGA), has expanded its combined liabilities insurance risk appetite to include a range of contractor clients for UK brokers. The expanded coverage will include builders, groundworkers, plant hirers, skip hirers, contractors for electrics, plumbing, heating, and ventilation. These will be in addition to ... Read the full article
Swiss Re Corporate Solutions appoints Vaziri as Global Head of RES
9th April 2025
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has appointed Pantea Vaziri as its new Global Head of Risk Engineering Services (RES). In the new role, Vaziri will continue to enhance Swiss Re Corporate Solutions' global RES capabilities and partner with the teams to provide clients ... Read the full article
Broker Insights launches major update to VISION platform
9th April 2025
Broker Insights, a provider of insurance data analytics and market intelligence, has revealed a major update to its insurance decision intelligence platform, Broker Insights VISION. 2024 marked a milestone year for Broker Insights, with Gross Written Premium (GWP) on the VISION platform soaring by 87% in just 12 months. Originally launched in ... Read the full article
Sutton National & Bamboo complete reinsurance renewal with new sidecar & cat bond
8th April 2025
Property and casualty insurer Sutton National and Bamboo Ide8 Insurance Services, LLC., part of White Mountains Insurance Group, Ltd., have announced the completion of Bamboo's reinsurance programme, which includes a debut catastrophe bond and the execution and funding of a 2025 sidecar transaction. As listed on our insurance-linked securities (ILS) focused ... Read the full article
SageSure and Auros close upsized $150m cat bond
8th April 2025
SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed markets, and Auros Reciprocal Insurance Exchange, a policyholder-owned insurer, have closed their Gateway Re Series 2025-2 catastrophe bond, securing $150 million in coverage. With this latest transaction, the Gateway Re franchise, supported by SageSure, has secured over $2 billion in cumulative ... Read the full article
S&P upgrades Global Atlantic’s ratings on strong capital
8th April 2025
S&P Global Ratings has raised the financial strength and issuer credit ratings of Global Atlantic Financial Group's (GAFG) operating insurance entities to 'A' from 'A-', assigning a stable outlook. Concurrently, the credit rating agency also upgraded the holding company's rating to 'BBB' from 'BBB-'. The rating upgrades reflect GAFG's strengthened capital adequacy ... Read the full article
Willis launches new Professional Indemnity solution with CCY40m capacity
8th April 2025
Willis, a WTW business, has launched ProXS, a new Professional Indemnity solution with a CCY40m capacity, designed to provide enhanced and cost-effective coverage for professional companies. The ProXS solution includes competing panels from Lloyds and company markets. Clients will be able to benefit from pre-agreed discount premiums that guarantee the best ... Read the full article
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