Reinsurance News
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
TransRe promotes Rose and Rhodes as Taylor retires
3rd February 2025
TransRe, a reinsurance company wholly owned by Alleghany Corporation, has reshuffled its executive team with the promotions of Louise Rose to President of International and Kyle Rhodes to President of the Americas segment, both reporting to Paul McKeon, TransRe’s President of Global Underwriting. Alongside new roles for Rose and Rhodes, the ... Read the full article
Hiscox looks to strengthen market position with new FI offering
3rd February 2025
Specialist insurer and reinsurer Hiscox has launched a new Financial Institutions (FI) offering, providing clients with four areas of cover including Directors’ and Officers’ (D&O), Professional Indemnity/Errors and Omissions, Crime, and Cyber. The product expansion is expected to strengthen Hiscox’s position in the market, and will be led by recently-appointed Joe Dearsley, ... Read the full article
P&C underwriters to be negatively affected by tariffs on Mexico & Canada: J.P. Morgan
3rd February 2025
While analysts at J.P Morgan have suggested that a prolonged trade war or spike in U.S. tariffs would be a manageable event for life insurers, higher materials costs would reportedly spell a negative for most P&C insurers. "Most investors have been ascribing a very low likelihood to heightened trade tensions. We ... Read the full article
Miller to acquire specialist reinsurance broker AHJ
3rd February 2025
Independent specialist insurance and reinsurance broker Miller has agreed to acquire AHJ Holdings Ltd (AHJ), the parent company of Alwen Hough Johnson Ltd and AHJ Europe AS. Established in 1973, AHJ is a specialist reinsurance broker led by Gary Masters and employing 90 people across offices in London and Scandinavia. They specialize ... Read the full article
CFC promotes Jason Hart and James Burns to senior roles
3rd February 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has promoted James Burns to Global Head of Cyber and Jason Hart to Managing Director, Proactive & Global Security Services. In this newly created role, Burns will oversee CFC’s global cyber strategy, underwriting, and sales teams. Burns has been with CFC ... Read the full article
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