Reinsurance News
VIG Re appoints Marc Haushofer as Executive Director International Business Development
26th March 2025
VIG Re, the reinsurance arm of Prague-based Vienna Insurance Group, has announced the appointment of Marc Haushofer as Executive Director of International Business Development, effective May 1st, 2025. Haushofer brings over 40 years of experience in the re/insurance industry. He joins VIG Re from RenaissanceRe, where he served as Senior Vice President ... Read the full article
Tradesman Program Managers names Kevin Pugh as CUO, construction
26th March 2025
Bermuda-domiciled, Roosevelt Road Re’s managing general agency (MGA) Tradesman Program Managers has appointed Kevin Pugh as the Chief Underwriting Officer of the construction group. In the new role, Pugh will oversee the construction business division, drive innovation and growth within the segment’s programs. Pugh’s appointment aligns with Tradesman Program Managers’ commitment to ... Read the full article
Ventis reports strong first-year growth and expands underwriting team
26th March 2025
Ventis, a Managing General Agent (MGA) specialising in Commercial and Residential insurance, has reported strong growth in its first full year of trading, underwriting £12 million in gross written premiums. Since its January 2024 launch, Ventis has issued 3,000 policies, protecting £5.5 billion in assets, and expanded its team with ... Read the full article
Falvey Insurance Group appoints Gina Perini to Board of Directors
26th March 2025
Maritime risks insurer Falvey Insurance Group has announced the appointment of Gina Perini to its Board of Directors. Perini currently serves as Chair of the Board and Chief Executive Officer at Somos, Inc., where she has worked for the past 12 years. She has also been Chair of the Board at ... Read the full article
DARAG announces Loss Portfolio Transfer deal with Soteria
26th March 2025
Legacy acquirer DARAG Group has signed an agreement with UK-based insurer Soteria Insurance Limited (SIL), formerly the underwriting arm of the Co-operative Group. Under the Loss Portfolio Transfer (LPT), DARAG Deutschland AG will reinsure a portfolio of UK commercial policies in run-off written by SIL, previously known as CIS General Insurance ... Read the full article
Cyclone Reinsurance Pool faces A$1.7bn loss from Alfred
26th March 2025
Australian Reinsurance Pool Corporation (ARPC) has provided preliminary loss estimates on ex-Tropical Cyclone Alfred, with initial modelling indicating that total losses covered by the Cyclone Reinsurance Pool are approximately A$1.7 billion. The ARPC noted that this estimate is likely to change as further assessments are conducted and more claims data becomes ... Read the full article
BHSI promotes Anthony Tatulli to Head of Liability, E&P Lines
26th March 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance, has promoted Anthony Tatulli to the expanded role of Head of Liability, Executive & Professional (E&P) Lines. In this role, Tatulli will continue leading BHSI’s E&P Lines business while also overseeing the company’s Casualty and Healthcare divisions, ... Read the full article
AM Best places Next Insurance’s ratings under review following Munich Re acquisition
26th March 2025
Credit rating agency AM Best has placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Next Insurance US Company (Next US) under review with positive implications. This follows the definitive agreement, signed on March 19, 2025, between Munich Re and Next ... Read the full article
73% of executives deprioritising sustainability amid economic uncertainty, says Beazley
26th March 2025
A new report from Beazley, a global insurer, underscores a growing disconnect between escalating climate and environmental risks and the reluctance of global business leaders to prioritise sustainability amid economic instability. The firm's latest Risk & Resilience report, which surveyed 3,500 executives worldwide, indicates that the pressures of an uncertain economic ... Read the full article
Argenta names Inga Brand as Unit Head of Energy Liability
26th March 2025
Argenta, a Lloyd’s insurer, has appointed Inga Brand as Unit Head, Energy Liability, with immediate effect. Based in London, she will report to Heath Callan, Divisional Head of Energy & Marine. With more than 24 years of underwriting experience across UK and global markets, Brand brings extensive expertise to the role. In ... Read the full article
Private equity firm PCP takes minority stake in specialist CPRI broker BPL
26th March 2025
Berry Palmer & Lyle (BPL), a specialist Credit and Political Risk Insurance (CPRI) broker, has secured a long-term investment from private equity firm Preservation Capital Partners (PCP). Thanks to PCP’s minority investment, BPL will be able to secure its future as an independent, employee-owned firm. The investor’s expertise, network, and experience ... Read the full article
The Mutual Group welcomes Bansal as Chief Information and Technology Officer
26th March 2025
The Mutual Group, an integrated insurance operations platform serving the mutual industry, has appointed Vineet Bansal as its Chief Information and Technology Officer. Bringing over 20 years of global technology leadership from financial services, insurance, and private equity sectors, Bansal brings a proven track record of scaling and modernizing businesses through ... Read the full article
‘Lloyd’s continued to demonstrate its value’ in 2024: CEO Neal
25th March 2025
John Neal, Chief Executive Officer of Lloyd’s of London, has reflected on a year shaped by geopolitical instability, economic uncertainty, and accelerating technological change. In his statement, he began by expressing gratitude to employees and market members, stating, "I would like to thank members of the market and Corporation employees for ... Read the full article
Chaucer launches algorithmic smart consortium in international D&F property market
25th March 2025
Chaucer, a specialty insurance and reinsurance group, has launched a new international D&F property smart consortium, leveraging InsurX's exchange technology. The initiative introduces algorithmic capacity to the international D&F property market, allowing London market brokers to seamlessly follow Chaucer's quotes using InsurX’s exchange technology for internationally domiciled clients – regardless of ... Read the full article
The Fidelis Partnership promotes Nadia Beckert to CUO of Bermuda office
25th March 2025
The Fidelis Partnership has promoted Nadia Beckert to Chief Underwriting Officer at its Bermuda office, highlighting her dedication and ongoing contributions to the growth of the firm's reinsurance business in the region. Beckert joined Fidelis in 2021 and was promoted to Head of International Reinsurance in 2023. Before Fidelis, she was ... Read the full article
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