Reinsurance News
Gov supported cyber risk pool would encourage greater adoption: Lockton Re
10th February 2025
Oliver Brew, Cyber Practice Leader, International, at Lockton Re, has emphasised the possibility of a cyber catastrophe in the coming years which could "far exceed the private insurance market," as the reinsurance broker's new report explores options for public-private partnerships to address extreme cyber events. The report, "Cyber risk pools and ... Read the full article
Rokstone appoints Howden’s Winsley as Capacity Manager & Broker Relationship Director
10th February 2025
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has announced the appointment of Rob Winsley as Capacity Manager and Broker Relationship Director. In his new role, he will be responsible for overseeing distribution across all lines of business, identifying new growth opportunities, expanding into new areas, and ... Read the full article
Cytora launches latest version of its digital risk processing platform
10th February 2025
Cytora, a provider of AI-powered solutions for insurers, has released Cytora Platform 3.0, the latest version of its digital risk processing platform, which enhances capabilities by harnessing agentic AI. As per Cytora, Version 3.0 digitises any transaction, regardless of size and complexity, with zero training required, enabling insurers to digitise their ... Read the full article
Carbon names Byrne as Chairman, Watson appointed NED
10th February 2025
Carbon Underwriting Limited, a specialist independent managing general underwriter and Lloyd’s syndicate, has announced the appointment of Paddy Byrne as Chairman and Michael Watson as Non-Executive Director (NED). These appointments, subject to regulatory approval, coincide with the planned departure of Chairman Rupert Atkin. Byrne is an experienced executive with a background in ... Read the full article
Converge expands cyber insurance capacity through partnership with Obsidian
10th February 2025
Converge Insurance, a company specialising in cyber risk management and underwriting, has secured underwriting capacity from Obsidian Insurance Group, strengthening its ability to provide comprehensive cyber coverage for businesses with up to $1 billion in revenue. Backed by a panel of top-tier reinsurers, this partnership reinforces Converge’s commitment to offering tailored, ... Read the full article
UK needs £1bn+ annual flood defence investment to tackle climate risks, experts warn
10th February 2025
The UK urgently needs long-term flood defence investment exceeding £1 billion per year to keep pace with climate risks, according to analysis by flood risk modelling firm Fathom, which Flood Re, a joint initiative between the UK Government and the insurance industry, commissioned. The research has revealed that existing flood defences ... Read the full article
Clear Group acquires Irish broker Phelan Caswell Insurances
10th February 2025
Insurance intermediary Clear Group has acquired Dublin-based broker Phelan Caswell Insurances Ltd (PCI), including its financial planning assets. Founded in 1998, PCI - formerly BHP Insurances Ltd - provides comprehensive insurance offerings to over 2500 clients nationwide, specialising in commercial insurance types and sectors such as construction, hospitality and events. PCI has ... Read the full article
AXIS hires Swiss Re’s Siravo as Head of Ceded Re, NA
10th February 2025
Insurer and reinsurer AXIS Capital has announced the appointment of Emilia Siravo as Head of Ceded Re, North America. In her new role, Siravo will drive the firm’s North America Ceded Re strategy and execution, contributing to the development of the company’s gross and net portfolio. Siravo joined AXIS following more than ... Read the full article
Specialty MGA UK strengthens construction team with Senior Underwriter appointment
10th February 2025
Specialty MGA UK, a managing general agent focused on providing additional capacity for specialty lines, has expanded its construction team with the appointment of Sam Hui as Senior Underwriter for Onshore Construction and Energy. Hui is a highly experienced insurance and reinsurance professional with over 30 years in construction and energy ... Read the full article
AM Best highlights strain on re/insurers from California wildfires and rising FAIR Plan policies
10th February 2025
AM Best, a credit rating agency specialising in the insurance sector, reports that the recent surge of wildfires across Southern California has deepened existing challenges for insurers, worsening underwriting performance, increasing reinsurance exposure, and destabilising the market. Since January 7, 2025, over 30 wildfires—including the Palisades and Eaton fires—have scorched the ... Read the full article
Sarah Murrow to succeed James Daly as CEO of Allianz Trade in Americas
10th February 2025
Allianz Trade has announced changes to its regional leadership teams, with James Daly, CEO of Allianz Trade in the Americas, set to retire on June 30, 2025, with Sarah Murrow, currently CEO of Allianz Trade in the UK & Ireland, will succeed him on July 1, 2025. This appointment is subject ... Read the full article
Verisk enhances claims management with EagleView assess integration
10th February 2025
EagleView, a provider of aerial imagery and insights, and Verisk, a provider of data analytics and technology solutions, have announced the integration of EagleView Assess into Verisk’s well-known Xactimate and XactAnalysis platforms, which are commonly used in property claims management. EagleView Assess utilises autonomous drones that are simple to operate to ... Read the full article
Public-private reinsurance scheme could benefit EU markets as climate change intensifies: Fitch
7th February 2025
Global ratings agency Fitch Ratings believes that insurance markets across the European Union (EU) could benefit if recent proposals to establish a bloc-wide public-private reinsurance scheme for climate-related losses moves forward. For background, the proposals were published in a joint paper by the ECB and the European Insurance and Occupational Pensions ... Read the full article
Helvetia and Breeze partner to revolutionise cargo insurance with advanced technology
7th February 2025
Helvetia Global Solutions Ltd (HGS), the global division of Helvetia Group that specialises in B2B2C and transport insurance solutions, has joined forces with Breeze, an insurtech company focused on cargo insurance within the logistics industry. This partnership combines Breeze’s technology with Helvetia’s expertise in international transport insurance, with the goal of ... Read the full article
CFC welcomes Wrana to its European corporate cyber team
7th February 2025
Specialist insurance provider CFC has announced the appointment of Dennis Wrana as Corporate Tech & Cyber Underwriting Manager - EMEA Wrana, who has close to a decade of industry experience, will be based in Barcelona and working alongside EMEA team leader, Ilaria Salvato. Prior to joining CFC, the executive spent almost four ... Read the full article
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