Reinsurance News
MS Amlin binds Ukraine reinsurance facility developed with Aon & EBRD
21st March 2025
Lloyd's global insurer and reinsurer MS Amlin has committed up to €110 million in reinsurance capacity over five years to support war risk policies underwritten by three Ukrainian carriers, via a scheme developed in partnership with global broking group Aon and the European Bank for Reconstruction and Development (EBRD). This €110 ... Read the full article
Insurers to embrace AI & data-driven underwriting in 2025, says Send
21st March 2025
2025 is a pivotal year for the insurance industry, marking the first real opportunity for growth since the COVID-19 pandemic as insurers shift from traditional underwriting to data-driven decision-making, AI adoption, and portfolio management optimisation, according to new research from Send Technology Solutions Ltd (Send). The study, conducted in late 2024 ... Read the full article
SiriusPoint partners with Holmes Murphy’s IPS to launch umbrella excess insurance
21st March 2025
Bermuda-based insurer and reinsurer SiriusPoint has strategically partnered with an independent insurance brokerage in the United States, Holmes Murphy and its wholly owned subsidiary and managing general agent (MGA), Innovative Program Solutions (IPS), to launch a new umbrella excess insurance product. The product will be exclusively tailored to captives managed by ... Read the full article
Embroker appoints Stephen Easley as Vice President of Underwriting
21st March 2025
Embroker, a digital insurance platform simplifying the insurance process for businesses, has announced the appointment of Stephen Easley as Vice President of Underwriting. In this role, Easley will focus on expanding Embroker’s underwriting capabilities, refining specialty insurance products, and collaborating with the team to enhance coverage structures for businesses. He brings over ... Read the full article
Artio launches early-stage carbon insurance, backed by major insurers
21st March 2025
Artio has launched a data-driven early-stage carbon credit delivery insurance product, backed by Tokio Marine HCC International (TMHCCI), Markel, and Apollo and with DA Strategy support. With insurance capacity provided by the trio of major insurers, Artio’s new product aims to help investors to confidently back early-stage carbon removal projects by ... Read the full article
Ethan Godlieb joins Consilium as Associate Partner
21st March 2025
Consilium, a specialty re/insurance broking business of the Aventum Group, has announced the appointment of Ethan Godlieb as Associate Partner to lead Cyber, Tech, and Fintech within its Professional & Executive Risks Division. Godlieb will join Consilium in May after completing his notice period at Aon, where he serves as Cyber ... Read the full article
RiverStone secures loss portfolio transfer with Pacific Valley Insurance
20th March 2025
Legacy reinsurance and run-off specialist RiverStone International has announced a loss portfolio transfer (LPT) deal with Pacific Valley Insurance Company, a Lyft subsidiary. The LPT, covering a commercial auto liability (CAL) portfolio, will be effective January 1, 2025. Guy Carpenter served as the broker for the transaction. Nick Schulson, CEO of RiverStone ... Read the full article
ABI highlights positive impact of Fire Safety Reinsurance Facility
20th March 2025
The Association of British Insurers (ABI) has commended the significant positive impact of the Fire Safety Reinsurance Facility, one year after its launch. Created by re/insurance broker McGill and Partners, with support from the ABI and in partnership with the British Insurance Brokers Association, the Facility was established as an ... Read the full article
Munich Re acquires Next Insurance, to become part of ERGO
20th March 2025
Munich Re has signed a definitive agreement to acquire NEXT Insurance, which is to become part of ERGO, Munich Re’s primary insurance arm, marking a significant expansion into the US small and medium-sized businesses (SMB) segment. Over 30 million small businesses, spanning more than 1,000 professions, operate in the US, accounting ... Read the full article
Lloyd’s CEO calls for continued underwriting discipline as underlying performance improves
20th March 2025
John Neal, Chief Executive Officer (CEO) of the Lloyd's insurance and reinsurance marketplace, has emphasised the need for underwriting discipline to be maintained as there will be some, albeit "not a lot" of pressure on price through 2025. The CEO and other executives at Lloyd's held a call with the media ... Read the full article
Rising customer dissatisfaction with homeowners insurance claims: J.D. Power
20th March 2025
Extreme weather events, widespread premium increases, and long repair cycle times have strained customer satisfaction with the homeowners insurance claims experience, according to the J.D. Power 2025 U.S. Property Claims Satisfaction Study. Mark Garrett, Director of Insurance Intelligence at J.D. Power, said, “There were 27 catastrophic events in 2024 and 28 ... Read the full article
EPIC Insurance reveals leadership for new construction & infrastructure group
20th March 2025
EPIC Insurance Brokers & Consultants, a provider of insurance and risk management services, has revealed a national leadership team to head its newly established Construction & Infrastructure Group (C&I Group). This specialised group will serve clients across various sectors within the construction and infrastructure industries, including general contractors, specialty contractors, architects ... Read the full article
Allstate pegs catastrophe losses for February at $92m
20th March 2025
U.S. primary insurer Allstate has estimated catastrophe losses for February 2025 at $92 million or $73 million, after-tax. Considering Allstate's January 2025 catastrophe losses of $1.08 billion, or $849 million after tax, the company's total year-to-date catastrophe losses now stand at $1.17 billion, or $922 million after tax. Readers will recall ... Read the full article
The Doctors Company to acquire ProAssurance for $1.3bn
20th March 2025
US medical malpractice insurer The Doctors Company has announced it has entered into a definitive agreement to acquire specialty insurer ProAssurance Corporation. The all-cash transaction, valued at approximately $1.3 billion, will see ProAssurance stock holders receive $25.00 per share, representing an approximately 60% premium to the closing price per share price ... Read the full article
Prolonged US tariffs expected to impact insurers’ loss costs, says AM Best
20th March 2025
AM Best, a credit rating agency focused on the insurance industry, has warned that the planned imposition of a 25% tariff on imports from Canada and Mexico, along with increased tariffs on China, is likely to negatively affect the insurance industry, particularly in the US homeowners’ and auto insurance sectors. According ... Read the full article
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