Reinsurance News
SiriusPoint acquires Assist America to expand IMG services
23rd December 2025
Global specialty insurer and reinsurer SiriusPoint’s wholly owned subsidiary, International Medical Group (IMG), a leader in global insurance benefits and assistance services, is set to acquire Assist America. According to SiriusPoint, the acquisition will significantly bolster IMG’s third-party medical and travel assistance revenue, increase scale in the US, and expand its ... Read the full article
Bermuda P&C re/insurance sector net income increased 22.5% in 2024: BMA
23rd December 2025
In 2024, Bermuda’s international property and casualty (P&C) re/insurance sector reported a 22.5% increase in net income to $30.9 billion, up from $25.2 billion in 2023, according to the Bermuda Monetary Authority (BMA). The combined ratio increased by 3.5 percentage points year over year to 79.6% from 76.1%, although the sector ... Read the full article
CRC Group expands Specialty team with four hires
23rd December 2025
CRC Group, a wholesale specialty insurance distributor in North America, has expanded its Specialty division with the addition of four new professionals. Matthew Duff has joined CRC Specialty in Little Rock as an Underwriting Team Leader. He brings more than a decade of industry experience, spanning homeowners, personal lines, and excess ... Read the full article
Collaboration key as geopolitical risk weighs on insurers: IUA
23rd December 2025
With geopolitical uncertainty and testing market conditions creating a challenging environment for insurers in 2025, International Underwriting Association (IUA) chief executive Chris Jones said it is vital for members to come together to share expertise, pointing to strong relationships, open communication and a shared sense of purpose as critical. His comments ... Read the full article
Amiga Specialty secures Lloyd’s capacity for Management Liability
23rd December 2025
Amiga Specialty, an independent international Managing General Agent (MGA), has secured new Lloyd’s capacity to support its Management Liability proposition for SME and mid-market businesses across the UK, Europe, and select rest-of-world markets. The Management Liability proposition strengthens the firm’s ability to deliver underwriting-led solutions across Directors’ & Officers’ and broader ... Read the full article
Skanska Pension Fund secures £525m full buy-in and novates longevity swap
23rd December 2025
Standard Life has completed a £525 million full buy-in for the Trustee of the Skanska Pension Fund (the Fund), in partnership with its corporate sponsor Skanska UK plc and parent company Skanska AB, covering all c.5,500 members. The transaction included the novation of the Fund’s existing longevity swap with Zurich Assurance ... Read the full article
Newly launched MGA Prism strengthens APAC growth push with two senior hires
23rd December 2025
Prism, the recently launched managing general agent (MGA) backed by Convex and Efinity Insurance Solutions, has appointed Luca Ronsisvalle as Head of Marine Cargo, and Jan von Kamp as Head of Energy, Power and Renewables. Both will report directly to Bobby Heerasing, Chief Executive Officer & Chief Underwriting Officer of ... Read the full article
CEO of Previsico says 2026 will be a pivotal year for flood insurance
23rd December 2025
In a recent Reinsurance News interview, Jonathan Jackson, CEO of Previsico, the flood forecasting company, discussed the challenges and opportunities facing the flood insurance sector in 2026. Flood‑related insurance losses have continued to escalate throughout 2025, reinforcing the broader trend of rising climate‑driven claims and mounting pressure on the sector’s risk ... Read the full article
InEvo Re marks significant step with third reinsurance transaction
23rd December 2025
Bermuda-based InEvo Re, a specialist life reinsurer backed by Macquarie Asset Management, has announced the successful completion of its third reinsurance transaction since its launch earlier this year. The latest deal, finalised with a UK-based life insurer, marks a significant expansion of the firm’s footprint in the competitive UK Pension Risk ... Read the full article
Maloney joins Emerald Bay Risk Solutions as Head of Ceded Re
23rd December 2025
Robert Maloney has joined Emerald Bay Risk Solutions, a specialty insurance firm, as Senior Vice President, Head of Ceded Re. Created as a "Collaborative Underwriting Carrier," Emerald Bay Risk Solutions was launched in 2024 by co-founders Dave Ingrey and Miles Allkins, with Bain Capital backing. It leverages data-driven technology and underwriting ... Read the full article
Skyward Specialty to advance AI-powered underwriting with Sixfold partnership
23rd December 2025
Skyward Specialty, a property and casualty insurer, has partnered with AI underwriting company Sixfold to accelerate the company’s progress toward fully AI-powered underwriting across its US-based P&C lines. This collaboration reinforces Skyward Specialty’s long-standing commitment to becoming a more data-driven insight-rish and operationally efficient underwriting organisation. Sixfold’s AI platform is designed to ... Read the full article
Kelly Lim and Alex Lim join QBE Singapore’s Marine business
23rd December 2025
QBE, an international insurer and reinsurer, has announced two leadership appointments within its Singapore Marine business. Kelly Lim has been appointed Country Lead for Cargo & TOL, while Alex Lim has been named Country Lead for Hull & Liability within QBE Singapore’s Marine business. Both Kelly and Alex will report to the ... Read the full article
AM Best revises outlook on Mexico’s insurance segment to negative
22nd December 2025
Credit rating agency AM Best has revised its outlook on Mexico’s insurance segment to negative from stable, attributing the change to the elimination of a fiscal credit on value added tax paid to third parties, including hospitals, as well as on other claims-related expenses. According to AM Best, this regulatory change ... Read the full article
Chubb names new Commercial and Specialty Head for Overseas General
22nd December 2025
John DePeters has been appointed Executive Vice President, Head of Commercial Insurance and Specialty, for Chubb Overseas General Insurance (COG), Chubb's international general insurance operations, effective January 1, 2026. Based in London, DePeters will oversee the performance and accelerate the global expansion of Chubb’s middle market, small commercial and specialty lines ... Read the full article
PIC completes £230m buy-in with Peel Ports Final Salary Pension Scheme
22nd December 2025
Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension schemes, has concluded a £230 million buy-in with the Trustee of the Peel Ports Final Salary Pension Scheme. As one of the UK’s largest port operators, Peel Ports Group handles over 70 million tonnes of global cargo for its ... Read the full article
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