Reinsurance News
New tariffs raise risk for insurers amid market volatility: LMA
4th April 2025
Elizabeth Wooliston, Underwriting Director at the Lloyd’s Market Association, has noted that the tariffs recently imposed by U.S. President Donald Trump could have significant implications for insurers, including potential supply chain adjustments and shifts in overall profitability. Wooliston noted that the effects on insurers will vary, as increased uncertainty and market ... Read the full article
Willis expands CyXS cyber facility
4th April 2025
WTW's Willis business has expanded its CyXS facility, offering USD/GBP/EUR 115m of capacity through Lloyd's syndicates and up to USD/GBP/EUR 40m from outside of the Lloyd's marketplace. The Willis CyXS facility now includes the new CyXS Plus and CyXS Company offerings, each offering a further USD/GBP/EUR40m of capacity. CyXS Company facilitates the ... Read the full article
Ageas Re appoints Shahrokh Shahpoori Monfared as Lead Underwriter Engineering
4th April 2025
Ageas Re, the reinsurance division of international insurance group Ageas, has appointed Shahrokh Shahpoori Monfared as Lead Underwriter Engineering, effective May 1st, 2025. Monfared brings extensive experience in underwriting a full spectrum of global engineering risks, with a focus on Europe, US Construction, Middle East & South, and East Asia markets. He ... Read the full article
Europe’s largest insurers achieve record earnings in 2024, but face challenges: Moody’s
4th April 2025
According to a report from Moody's, a global credit ratings, research, and risk analysis firm, Europe's four largest primary insurers—Allianz, AXA, Generali, and Zurich Insurance —have reported record earnings for FY 2024, collectively reaching €28.6 billion, a 15% ... Read the full article
Sridhar appointed MD for Bulk Purchase Annuities at Canada Life UK
4th April 2025
Canada Life, an insurance and financial services company, has announced the appointment of Shreyas Sridhar as Managing Director of Bulk Purchase Annuities (BPA), effective from 7 April 2025 and subject to regulatory approval. Additionally, Sridhar will also join the Canada Life UK Executive Committee and report to UK Chief Executive Lindsey ... Read the full article
DARAG signs PTA with Protector for Danish workers’ comp portfolio
4th April 2025
Legacy acquirer DARAG Group has announced that its German insurance carrier, DARAG Deutschland AG, has entered into a portfolio transfer agreement (PTA) with Protector Forsikring ASA for its entire Danish workers’ compensation portfolio, enabling Protector to fully exit this line of business. The transaction, subject to regulatory approval in Norway and ... Read the full article
AXA XL appoints Lindsay Hermann as Head of Property, Central Zone
4th April 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has appointed Lindsay Hermann as the Head of Property for its Central Zone, based in Chicago. In the new role, Hermann reports to Michele Sansone, AXA XL's Chief Underwriting Officer, Property and Multinational Solutions, Americas. She ... Read the full article
Aon launches five-step framework to manage SCS exposure
4th April 2025
Global insurance and reinsurance broker Aon has launched its Severe Convective Storm (SCS) Five-Step Framework, a structured approach designed to help insurers mitigate weather volatility across their portfolios. Since 2015, annual US SCS insured losses have averaged $33 billion, according to Aon’s data, marking a 90% increase compared to the previous ... Read the full article
AmRisc renews coastal commercial E&S property sidecar Trouvaille Re
4th April 2025
AmRisc, a subsidiary of CRC Group, has successfully renewed Trouvaille Re Ltd., its insurance sidecar, to provide continued collateralized reinsurance capacity for its coastal commercial E&S property insurance portfolio for another underwriting year beginning April 1, 2025. This 2025 transaction, supported by Stone Point Capital, secured $580 million of underwriting capital ... Read the full article
French reinsurer SCOR placed under examination for facts alleged against former CEO Kessler
4th April 2025
French reinsurance company SCOR has been placed under examination for facts alleged against Denis Kessler, its former Chairman and CEO, related to alleged attempts by an association to obstruct the takeover of Bermuda-based reinsurer PartnerRe by the Covéa group in 2022. According to reports, SCOR, one of Europe's big four reinsurance ... Read the full article
Antares reports GWP growth of 54% to $1.1bn in 2024
4th April 2025
Qatar Insurance Group’s UK and Bermuda-domiciled insurance subsidiary, Antares Group, recorded 54% year-on-year growth in gross written premiums (GWP) for 2024 in its core ongoing business to $1.1 billion, boosted by the addition of a sizeable reinsurance transaction. Organic premium growth, so excluding the reinsurance deal, was 15%. During 2024, profits from ... Read the full article
BMS Re appoints Manoela Barbi Kukli as Head of Fac Reinsurance for Brazil
4th April 2025
Insurance and reinsurance broker BMS Group has announced the appointment of Manoela Barbi Kukli as the new Head of Facultative Reinsurance for its Brazilian office, effective April 1st, reporting directly to Jose Leão, CEO of BMS Brazil. Kukli, who has been with BMS Re for nearly two years, previously served as ... Read the full article
Well-balanced reinsurance supply & demand in Greater China at 1.4 renewals: Aon
4th April 2025
Reinsurance supply and demand in Greater China are well-balanced at the start of 2025, with reinsurance conditions at the April 1 renewals building on the favourable trends seen at 1.1, according to global insurance and reinsurance broker Aon. In its recent Reinsurance Market Dynamics report, Aon noted that in the Greater ... Read the full article
SecurityScorecard & Willis partner to enhance cyber risk management
4th April 2025
SecurityScorecard has entered a strategic partnership with Willis, a WTW business, to enhance cyber risk quantification, improve insurance modelling, and strengthen security strategies for organisations globally. As part of the partnership, SecurityScorecard has named Willis its official insurance broker, reinforcing the connection between cyber risk insights and insurance strategy. The collaboration combines ... Read the full article
Sherlyn Kok joins Sompo as VP, Head of Compliance APAC
4th April 2025
Sherlyn Kok has joined Sompo Asia Pacific (APAC) as Vice President, Head of Compliance, a role based in Singapore. Reporting to Todd Corey, Executive Vice President, General Counsel, Asia Pacific, Kok will lead the regional and local-market compliance and support global compliance initiatives and activities. She will collaborate closely with local compliance, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
