Reinsurance News
AM Best affirms stable outlook for Spain’s non-life insurance segment
27th May 2025
AM Best has affirmed its Stable outlook for Spain’s non-life insurance segment, citing a number of positive trends that are expected to help improve the sector's performance. These include the increasing prominence in health and catastrophic risks, which AM Best argues is reshaping the competitive landscape; the ongoing motor insurance pricing ... Read the full article
Ping An introduces AI-powered “EagleX” to strengthen climate risk management worldwide
27th May 2025
Ping An Insurance (Group) Company of China, Ltd., an integrated financial services providers with a presence in insurance, banking, and asset management, has launched the international edition of its risk mitigation platform, "EagleX," through its subsidiary Ping An Property & Casualty Insurance (P&C). This advanced platform offers global users detailed disaster ... Read the full article
Ortiz joins Gallagher’s global aerospace practice as US Head of Aerospace Claims
27th May 2025
Insurance and reinsurance brokering group Gallagher has announced the appointment of Sherry J Ortiz as US Head of Aerospace Claims in its global aerospace practice, a role based in the US. Ortiz is a qualified pilot with a proven track record managing complex litigation across major airline, manufacturing, and general aviation ... Read the full article
Venbrook promotes Jeff Lang to President, Retail P&C
27th May 2025
Venbrook Group, LLC, an independent insurance distribution and services firm in the US, has promoted Jeff Lang to the newly created position of President, Retail Property & Casualty. In his new role, Lang will continue the successful growth momentum and lead Venbrook's retail division and guide the firm's national strategy across ... Read the full article
MSITB and MSIG Thailand expand Thailand bancassurance with Bank of China & CPIC partnership
27th May 2025
Mitsui Sumitomo Insurance Thailand Branch (MSITB) and MSIG Thailand have partnered with Bank of China (BOC Thai) and China Pacific Insurance (CPIC), to expand a strategic bancassurance alliance in Thailand. Having signed a Memorandum of Understanding (MOU), the three organisations will collaborate to enhance the distribution of comprehensive insurance products through ... Read the full article
Aon promotes Reeve-Tucker to head of fac reinsurance for Latin America
23rd May 2025
Global insurance and reinsurance broker Aon has announced the appointment of Luke Reeve-Tucker as head of facultative reinsurance for Latin America, effective May 27, 2025. In this expanded role, he will continue to lead Caribbean facultative reinsurance and will be responsible for overseeing strategy, client engagement, and solution development across both ... Read the full article
Peak Claims Group and Canopy Weather partner to enhance Peak Triage platform
23rd May 2025
Peak Claims Group, an independent claims management firm, has announced a strategic partnership with Canopy Weather, a provider of hyper-localised weather analytics, to enhance its Peak Triage platform. Peak Triage is a proprietary claims approach that leverages real-time data to triage claims at first notice of loss. With the integration of Canopy ... Read the full article
Lockton welcomes Jeff Miller as National Practice Leader to boost People Solutions
23rd May 2025
Lockton, a privately held insurance brokerage, has announced the appointment of Jeff Miller as National Practice Leader for the Stop Loss and Pharmacy practices. Miller returns to the firm with more than 30 years of experience and a proven history of developing solutions tailored to meet evolving client needs. His return comes ... Read the full article
Arundo Re’s growth ambitions earns S&P positive assessment
23rd May 2025
S&P Global Ratings has expressed a positive view on Arundo Re’s strategic growth ambitions, assigning the international reinsurer a financial strength rating of ‘A’ with a stable outlook. The credit rating agency highlighted Arundo Re’s (formerly known as CCR Re) potential for sustained profitability and expansion backed by its majority ... Read the full article
BHSI expands Executive & Professional insurance lines in Italy
23rd May 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance products, has introduced Miscellaneous Professional Indemnity and Public Offering of Securities Insurance in Italy. These policies follow the launch of BHSI’s proprietary Directors & Officers Liability Insurance in December 2024. Marco Vantellino, Head of Executive and Professional, BHSI ... Read the full article
Disciplined strategy & deep commitment to clients key to MS Re’s 2024 performance: CEO
23rd May 2025
While the favourable market environment for reinsurance played a significant role in MS Reinsurance’s strong performance in 2024, CEO Robert Wiest has emphasised that what truly sets the firm apart is its unique approach and the way it engages with clients. Speaking in an interview following the release of MS Re's ... Read the full article
Competitive pension buyout costs decline in April 2025, Milliman reports
23rd May 2025
Milliman, Inc., a consulting and actuarial firm, has released its latest Milliman Pension Buyout Index (MPBI), revealing a meaningful reduction in the estimated cost of transferring retiree pension liabilities to insurers. According to Milliman’s April 2025 analysis, the cost of executing a pension risk transfer (PRT) through a competitive bidding process ... Read the full article
Fenchurch appoints Kingsley Flynn as Chairman and Non-Executive Director
23rd May 2025
Fenchurch, an independent London property insurance broker, has appointed Kingsley Flynn as its new Chairman. In his new role, Flynn will guide Fenchurch’s US growth strategy, oversee client engagement, and help refine the firm’s client-first approach to placing complicated property risks. This appointment aims to help with Fenchurch’s expansion in North America. ... Read the full article
AmTrust sees continued growth in Turkish operations
23rd May 2025
AmTrust International, a global specialty insurer and reinsurer, continues to see solid growth in its Turkish operations following the establishment of its office in Istanbul last year. Led by General Manager, Erdinc Karayazlik, AmTrust’s team in Türkiye has successfully strengthened the company’s foothold in the specialty market. Karayazlik has over two decades ... Read the full article
Kingstone Insurance secures $125m in multi-year named storm reinsurance with first cat bond
23rd May 2025
Property and casualty insurance holding company, Kingstone Companies, Inc., has announced the successful issuance of a $125 million catastrophe bond, 1886 Re Ltd. (Series 2025-1), the first to Rule 144A deal for sponsor Kingstone Insurance Company, and which provides the firm with a four year source of US named ... Read the full article
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