Reinsurance News
SCOR sees LA wildfire impact as manageable at roughly quarterly cat budget for Q1: Conoscente
4th February 2025
Jean-Paul Conoscente, CEO of P&C at SCOR, one of Europe's big four reinsurers, said today that the impact of the Los Angeles wildfires should be around a quarterly natural catastrophe budget for Q1 for the firm, emphasising that the event will act as a floor to the drop of cat ... Read the full article
HDI Global appoints Geoff Godwin as Chief Operating Officer
4th February 2025
Commercial and specialty lines insurer HDI Global has announced the appointment of Geoff Godwin as Chief Operating Officer, effective April 28, 2025. Godwin will join the Executive Team, reporting to Stephanie Ogden, Chief Executive Officer of HDI Global UK and Ireland. Ogden stated, “My ambition has always been to secure a strong, ... Read the full article
Bridge Specialty Group to acquire Nationwide Brokerage Solutions
4th February 2025
Bridge Specialty Group (BSG) has entered into an agreement with Nationwide to acquire NBS Insurance Agency, Inc. (operating as Nationwide Brokerage Solutions or NBS), with the transaction expected to close in March 2025. The deal was announced by Stephen M. Boyd, President of BSG, and Mark Berven, President and Chief Operating ... Read the full article
Zino Theokli promoted to Head of Group Retrocession at PartnerRe
4th February 2025
International reinsurer PartnerRe has announced the appointment of Zino Theokli as Head of Group Retrocession. Theokli, who has over a decade of industry experience, has been with PartnerRe since 2021, when he joined as a Senior Underwriter. He joined the company following his four-years tenure at SCOR, where he served as Senior ... Read the full article
Gallagher Re’s James Vickers to retire after 50-year career
4th February 2025
After a career of over 47 years, James Vickers, Chairman of reinsurance broker Gallagher Re’s International division, is to retire on May 31, 2025. In a new statement, Gallagher Re noted that Vickers has been an "ever-present" leadership figure, providing support for the firm's Japanese and International clients in the aftermath ... Read the full article
Everest’s record 2024 investment income offsets adverse US casualty reserve development
4th February 2025
Everest has reported a record net investment income of around $2 billion in its full-year 2024 results, with gross written premiums rising to $18.2 billion, up 9.1% year-over-year, driven by growth in its Reinsurance and Insurance segments. The firm's full-year 2024 combined ratio stood at 102.3%, with a Reinsurance segment combined ... Read the full article
AM Specialty appoints Mary McKay as CUO of Pinpoint MGA
4th February 2025
AM Specialty Insurance Group has appointed Mary McKay as Chief Underwriting Officer (CUO) of its direct writing Managing General Agency (MGA), Pinpoint Insurance Solutions. Alongside Brad Sickinger, McKay will now lead the underwriting strategy and development of transportation programs at Pinpoint. This appointment aligns with AM Specialty's commitment to underwriting excellence and ... Read the full article
Lockton names Tim Meacham as President of People Solutions
4th February 2025
Independent insurance broker Lockton has announced the appointment of Tim Meacham as the President of People Solutions. In his new role, Meacham will lead the vision and strategic direction of Lockton's People Solutions business across the US. Tim Ryan, U.S. President at Lockton, expressed enthusiasm for Meacham’s appointment, stating, "We are thrilled ... Read the full article
SCOR achieves premium growth of 9.6% at Jan 1 reinsurance renewals with stable T&Cs
4th February 2025
French reinsurer SCOR grew its estimated gross premium income (EGPI) 9.6% at the January 1st, 2025, reinsurance renewals, with expansion across all three business segments, driven by alternative solutions and specialty lines. Approximately 64% of the firm's property and casualty (P&C) reinsurance premiums, representing around 50% of SCOR's total P&C premiums, ... Read the full article
Gallagher Bassett acquires W K Webster to expand claims management services
4th February 2025
Arthur J. Gallagher & Co., an insurance brokerage and risk management firm, has announced that its claims and risk management subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd (W K Webster), with financial details not disclosed. W K Webster specialises in managing marine and transit claims, offering a ... Read the full article
Chris Newby named General Counsel of Ryan Specialty International
4th February 2025
Ryan Specialty, a global specialty insurance firm, has announced the appointment of Chris Newby as General Counsel of Ryan Specialty International. Newby succeeds Carin Verhagen, who has served in the role for 12 years and will retire at the end of February 2025. In his new position, Newby will be based at ... Read the full article
Sun Life Philippines implements ALLFINANZ SPARK to enhance underwriting efficiency
4th February 2025
Sun Life Philippines, an insurance provider in the country, has officially launched Munich Re’s ALLFINANZ SPARK SaaS solution, marking a significant step in enhancing its underwriting processes. The ALLFINANZ SPARK platform, which includes advanced data analytics modules such as Insight Origin and Data Exchange, is now live at Sun Life Philippines. This ... Read the full article
Protecdiv names Hunter as EVP, Strategic Partner Development
4th February 2025
Insurance and reinsurance broker Protecdiv has appointed Denise Hunter as Executive Vice President (EVP), Strategic Partner Development. In this new role, Hunter will lead efforts to develop and enhance relationships with strategic partners, including global insurers and reinsurers. She will also focus on driving collaborative solutions to better serve Protecdiv’s mission of ... Read the full article
PartnerRe names Marek Garwacki as non-life CUO
3rd February 2025
International reinsurer PartnerRe has announced the appointment of Marek Garwacki to the role of non-life Chief Underwriting Officer (CUO), effective February 1st, 2025. Garwacki, who also joins the PartnerRe Executive Leadership team, brings over a decade of experience in the re/insurance industry to his new role. The executive has been part of ... Read the full article
AXIS repurchases $200m of stock from Stone Point vehicle
3rd February 2025
Bermuda-based insurance and reinsurance company, AXIS Capital Holdings Limited, has repurchased 2,234,636 shares for approximately $200 million from an investment vehicle managed by alternative investment manager, Stone Point Capital LLC. In a recent 8-K filed with the U.S. Securities and Exchange Commission, AXIS announced that it has entered into a share ... Read the full article
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