Reinsurance News
Tokio Marine Intl. promotes David Feldman to Regional Head of Compliance UK & Europe
2nd April 2025
Tokio Marine HCC (TMHCC) International, part of the Tokio Marine HCC group of companies, has announced the promotion of David Feldman to Regional Head of Compliance, UK and Europe, at Tokio Marine Group, effective April 1, 2025. Feldman brings extensive experience to the role, where he will oversee the Legal & ... Read the full article
WTW acquires Global Commercial Credit
1st April 2025
Global advisory, broking, and solutions firm WTW has announced the acquisition of Global Commercial Credit, LLC (GCC) into Willis, a WTW business. The move significantly bolsters WTW's capabilities in trade credit and political risk insurance, particularly targeting growth in North America. The acquisition directly supports WTW's strategy to expand into specialized, high-growth ... Read the full article
Big four to deliver earnings growth in 2025 despite LA wildfire losses: Moody’s
1st April 2025
Despite sizable claims from the LA wildfires in January, Moody's anticipates strong earnings prospects for the four largest European reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR, in 2025, driven by persistently strong demand for reinsurance and robust investment returns. According to Moody's, the LA wildfire losses, estimated at between ... Read the full article
Geopolitical pressures impact confidence among financial services leaders: KPMG Survey
1st April 2025
KPMG, a provider of audit, tax, and advisory services, has revealed the findings of its latest UK Financial Services Sentiment survey, showing a decline in confidence among financial services leaders regarding future profitability. As geopolitical events continue to disrupt the global economy, over 60% of financial services leaders are increasing their ... Read the full article
Apollo names Mike Krefta as Non-Executive Director
1st April 2025
Apollo, an insurance platform, has announced the appointment of Mike Krefta as Non-Executive Director of Apollo Syndicate Management Limited, pending regulatory approval. With over two decades of experience in the insurance industry, spanning both London and Bermuda, Krefta brings a wealth of expertise. As the former CEO of Hiscox Re and ILS, ... Read the full article
Allianz Partners forms strategic partnership with MSI NZ
1st April 2025
Allianz Partners New Zealand has formed a strategic partnership with Mitsui Sumitomo Insurance Company Limited New Zealand Branch (MSI NZ), part of the MS&AD Insurance Group, to enhance and diversify insurance solutions in New Zealand. Effective April 1st, 2025, this multi-year partnership will enable Allianz Partners to continue providing high-quality products ... Read the full article
Gallagher Re appoints Michael Pickel as Executive Chair for DACH and Italy
1st April 2025
Gallagher Re has announced the appointment of Dr. Michael Pickel as Executive Chair for DACH and Italy, where he will work together with the leadership teams in both regions. Pickel brings a total of 36 years in the reinsurance industry, representing a unique set of skills and expertise to strengthen Gallagher ... Read the full article
Reinsurers willing to deploy additional capacity at Asia April 1 renewals: Aon
1st April 2025
Aon, a global risk management and professional services firm, has released its 2025 April Reinsurance Market Dynamics Report, detailing favourable conditions for buyers during the April 1 renewals, a period heavily focused on Asia and particularly Japan. According to Aon, reinsurers displayed a strong willingness to deploy additional capacity at this ... Read the full article
BHSI promotes Louise Kidd to Head of Underwriting in Europe
1st April 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has appointed Louise Kidd as the new Head of Underwriting for Europe. With over 22 years of experience in the insurance industry, Kidd is well-equipped to lead BHSI’s underwriting strategy across the region. Kidd joined BHSI in ... Read the full article
Korean wildfires will prompt insurers to strengthen cat insurance: S&P
1st April 2025
South Korea's worst wildfire in history could prompt insurers to strengthen their risk management and underwriting expertise, and to potentially seek more protection through reinsurance, as the event could make individuals seek more protection against catastrophe and weather-related events, according S&P Global Ratings analysts. "South Korea's wildfires will lead to moderately ... Read the full article
UK bulk annuity market hits record £47.6bn in 2024: Aon
1st April 2025
Aon, a risk management and professional services firm, has provided its 2024 UK Risk Settlement Market Update, highlighting a year of significant milestones for the bulk annuity and longevity swap markets. According to the report, the UK bulk annuity market witnessed exceptional activity in 2024, setting new records in both transaction ... Read the full article
Insurance industry faces growing protection gaps amid rising risks: Bain & Company
1st April 2025
Protection gaps across all sectors of the insurance industry are set to widen by 2030 as insurers grapple with unsustainable rate-driven growth, according to a new report from Bain & Company, a management consultancy. The study, "Bridging the Protection Gap: Affordability, Access, and Risk Prevention," highlights mounting challenges in pricing risk ... Read the full article
Arch Insurance International names Barrett as Head of Cyber & Healthcare
1st April 2025
Arch Insurance International has appointed James Barrett as Head of Cyber & Healthcare, effective immediately. Barrett has served as Interim Head of Cyber since October 2024, in addition to his role as Head of Healthcare, which he has held since joining the company in 2018. In his new role, Barrett will lead ... Read the full article
Pool Re completes transition to modernised cat treaty reinsurance scheme
1st April 2025
With the support of its Members, regulators, and HM Treasury, Pool Re, Great Britain’s government-backed terrorism reinsurer, has completed its transition to a modernised catastrophe treaty reinsurance scheme. Originally announced in March 2024, the new scheme intends to enable Pool Re to better serve its Members by addressing the evolving ... Read the full article
Austral Re sees record net profit of BRL 75m in 2024
1st April 2025
Austral Re has reported a record net profit of BRL 75 million for 2024, an increase of 155% compared to 2023. The firm stated that this record was achieved despite the catastrophic scale of flood losses in Rio Grande do Sul, showcasing its resilience and operational efficiency. Austral Re highlighted that, ... Read the full article
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