Reinsurance News
SanlamAllianz Re’s Synapse 2025 a catalyst for collaboration on Africa’s future
29th May 2025
SanlamAllianz Re’s Synapse 2025 event served as a catalyst for bold dialogue, strategic partnerships, and forward-thinking innovation, reinforcing confidence in Africa’s future, according to the reinsurance provider’s CEO, Ilyes Hassib. More than just a conference, the three-day Synapse 2025 event in Mauritius brought together participants to engage with bold ideas, challenge ... Read the full article
LA wildfires won’t affect reinsurer appetite or growth plans at June 1: Guy Carpenter
29th May 2025
Discussing how the Florida-focused June reinsurance renewals are shaping up, Randy Fuller, Managing Director, Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has suggested the California wildfires in Q1 are not expected to have a meaningful impact on reinsurer appetites or growth plans. During a webinar hosted by AM Best, ... Read the full article
Peter Clarke to succeed Colin Keogh as Hiscox Chair
29th May 2025
International specialist insurer Hiscox has announced the appointment of Peter Clarke as the Group’s new Chair designate, subject to regulatory approval. Clarke is set to take over the Board as Chair designate on June 1, 2025, succeeding Colin Keogh as Chair from July 1, 2025. The executive brings extensive experience from FTSE-listed ... Read the full article
Adam Payne appointed Deputy Head of Digital Underwriting at Atrium
29th May 2025
Atrium, a specialty insurer at Lloyd’s, has promoted Adam Payne to the role of Deputy Head of Digital Underwriting. In this position, he will work in close partnership with Simon Lewis, Head of Digital Underwriting, to enhance Atrium’s digital infrastructure and improve efficiency for brokers and clients alike. Payne will take the ... Read the full article
Asian Re achieves strong growth and credit rating upgrade in 2024: AM Best
29th May 2025
Asian Reinsurance Corporation (Asian Re), a Thailand-based reinsurer providing risk transfer solutions across Asia in Thailand, has shown notable progress in its financial and operational performance during 2024. The company achieved a combined ratio of 84.9%, representing a significant improvement of 15.3% compared to the previous year. Net profit more than doubled, ... Read the full article
Rokstone launches International Casualty Division, names Wylie Portfolio Manager
29th May 2025
Rokstone, the international specialty re/insurance MGA and part of the Aventum Group, is strengthening its global specialty offering with the launch of its International Casualty Division. Sam Wylie has been appointed Portfolio Manager of the new division, a UK-based role, and will be joining the company upon completing his notice period. Wylie ... Read the full article
Moody’s affirms Chinese insurer ratings, but cites trade tension risk
29th May 2025
Moody’s Ratings has affirmed the ratings and maintained negative outlooks on eight Chinese insurers and one related overseas subsidiary, following its affirmation of China’s A1 sovereign rating with a negative outlook. The nine insurers affected are: China Life Insurance Co. Ltd., China Life Insurance (Overseas) Company Ltd., China Life P&C Insurance ... Read the full article
AXA XL Re appoints Petya Ivanova as Head of Property, Intl. Reinsurance
29th May 2025
AXA XL Reinsurance has announced the appointment of Petya Ivanova as Head of Property, International Reinsurance, effective July 1st, 2025. In her new role, Ivanova will oversee the company’s international property portfolio, working closely with clients and the underwriting team. She brings over 25 years of international experience in property and casualty ... Read the full article
Core Specialty adds Patrick Gordon to its Board
29th May 2025
Core Specialty Insurance Holdings, Inc. and its subsidiaries have appointed Patrick Gordon to the company’s Board of Directors, effective immediately. Gordon replaces Marc Stad on the board, who has served as a Director Designated by Dragoneer Investment Group, since the Core Specialty’s recapitalisation in November 2020. The company stated that both the ... Read the full article
S&P lowers USAA rating, citing bank weakness and insurance gains
29th May 2025
S&P Global Ratings, a provider of independent credit assessments and financial analysis, has downgraded the credit ratings of United Services Automobile Association (USAA) and its core insurance subsidiaries from ‘AA+’ to ‘AA’. The ratings firm, known for its evaluations of companies’ creditworthiness and financial stability, assigned a stable outlook to the ... Read the full article
Root names Oliver Evans as Head of Growth UK to support expansion plans
29th May 2025
Root Platform, the API-first core platform for delegated authority insurance business, has announced the appointment of Oliver Evans as its new Head of Growth UK, supporting Root’s ongoing plans to expand within the UK insurance market. Evans has held roles across underwriting, insurtech, and digital distribution, including positions at Praedicat and ... Read the full article
GCM launches new solution to help businesses enter captive insurance space
29th May 2025
Global Captive Management, Ltd. (GCM) has announced the launch of ‘Outcomes SPC’, a new solution that will offer businesses a cost-effective, streamlined way to enter the captive insurance space. This will allow younger, smaller, or more entrepreneurial companies to take control of their coverage needs, and benefit from GCM's extensive industry ... Read the full article
Insurance Europe leaders present five priorities to boost EU competitiveness and climate resilience
28th May 2025
Insurance Europe, the organisation representing the European insurance and reinsurance sector, has outlined key priorities ahead of the 15th International Conference. According to a statement from Insurance Europe’s leadership — Frédéric de Courtois, President; Alexander Sarrigeorgiou, Vice-President; and Thea Utoft Høj Jensen, Director General — the European insurance industry plays ... Read the full article
Fidelis MEASA sees strong growth, delivering $88m in GWP to TFP in 2024
28th May 2025
Celebrating one year since the launch of The Fidelis Partnership’s (TFP) Abu Dhabi Global Market office, Fidelis MEASA has delivered strong growth, contributing a significant $88 million in Gross Written Premium (GWP) to TFP’s group-wide GWP of $4.6 billion in 2024. The opening of the Abu Dhabi office a year ... Read the full article
Aegis Energy and Everspan launch Excess program for Petroleum Gasoline Haulers
28th May 2025
Aegis Energy, a division of Aegis General Insurance Agency and K2 Insurance Services, has partnered with Everspan Group, a specialty property and casualty insurance platform, to launch a new Excess program for Petroleum Gasoline Haulers. The program is tailored to meet the needs of retail and wholesale haulers involved in the ... Read the full article
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