Reinsurance News
Cowbell appoints James Porter as Lead Underwriter UK
30th January 2025
Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has announced the appointment of James Porter as Lead Underwriter for the UK’s middle market segment. In this role, Porter will lead a team to deliver tailored cyber insurance solutions for UK businesses. Simon Hughes, SVP, Global Distribution at Cowbell, expressed ... Read the full article
Alexandra Cliff to replace Burkhard Keese as Lloyd’s CFO
30th January 2025
Alexandra Cliff is set to take over from Burkhard Keese as Chief Financial Officer (CFO) of the specialist Lloyd's insurance and reinsurance marketplace on May 1st, 2025. The appointment is part of a long-established succession plan, with Cliff having served as Deputy CFO since November 2022. She currently serves on the Lloyd's ... Read the full article
Generali’s Board approves new three-year strategic plan
30th January 2025
Generali's Board of Directors has approved a new three-year strategic plan, Lifetime Partner 27: Driving Excellence, which aims to enhance excellence in the firm's customer relationships, operating model, and core capabilities. Philippe Donnet, Generali Group CEO, commented on the news, “Generali has successfully over-delivered against the ... Read the full article
AXIS reports solid underwriting result across insurance and reinsurance as premiums swell
30th January 2025
Bermudian re/insurer AXIS Capital has reported net income of $286 million and $1.1 billion for the fourth quarter and full year 2024, respectively, as the company's insurance and reinsurance segments produced an underwriting profit for both periods, despite elevated catastrophe activity. AXIS Capital's President and CEO, Vince Tizzio, has described 2024 ... Read the full article
BHSI expands management team with appointment of Francesco Longobardo as Head of Casualty in Italy
30th January 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance products, recently announced the further expansion of its management team and local underwriting expertise in Milan. The company, a part of the multinational conglomerate Berkshire Hathaway, appointed Francesco Longobardo as Head of Casualty in Italy. BHSI is known ... Read the full article
Experts highlight critical role of re/insurance in closing crisis protection gap
30th January 2025
The High-Level Panel on Closing the Crisis Protection Gap has emphasised the crucial role of all forms of insurance in increasing the share of prearranged crisis finance tenfold by 2035, particularly for least developed countries and small island developing states. In its newly released report, Crisis Protection 2.0: Future-Proofing Our World, ... Read the full article
XS Brokers appoints Annie Dawson as National Carrier Relations & Strategy Officer
30th January 2025
XS Brokers (XSB), an independent insurance underwriting and wholesale brokerage group, has appointed Annie Dawson as Senior Vice President and National Carrier Relations & Strategy Officer. In this new role, Dawson will report directly to Eric Wirkus, President, and will focus on aligning the company’s insurance carrier partnerships with its strategic ... Read the full article
Chubb’s Westchester forms three new business practices and announces new leaders
30th January 2025
Global insurer Chubb recently announced the formation of three new business practices (Property, Casualty, and Financial Lines) within its Excess and Surplus Lines Division Westchester. This move aims to strengthen Westchester's service to its Digital and Middle Market, Brokerage, and Programs businesses. The company also announced the appointment of three new leaders ... Read the full article
DAC Beachcroft appoints Maria Cetta as Aviation Partner
30th January 2025
DAC Beachcroft, an international law firm, has announced the appointment of Maria Cetta as a partner in its aviation practice. Maria joins DAC Beachcroft from Clyde & Co, where she was a partner in its aviation liability practice for nearly 20 years. She became part of Clyde & Co following its ... Read the full article
Vortex offers relief through parametric coverage after hurricanes Helene and Milton
30th January 2025
Vortex Weather Insurance, a provider specialising in parametric insurance solutions, highlights that the damage caused by Hurricanes Helene and Milton, exceeding $100 billion, left many businesses with significant out-of-pocket expenses, as traditional insurance often comes with high deductibles and exclusions for certain types of damage. However, businesses covered by Vortex Weather ... Read the full article
RenRe expects new opportunities to deploy capacity as LA wildfires show value of reinsurance
29th January 2025
Executives at Bermuda-based reinsurer RenaissanceRe (RenRe) said today that the scale of industry loss from the recent California wildfires will affect reinsurance supply and demand, with the firm expecting new opportunities to deploy capacity as 75% of its US property catastrophe accounts renew over the next six months. Within its ... Read the full article
W. R. Berkley CEO bemoans sluggish casualty reinsurance market as book shrinks 15%
29th January 2025
W. Robert Berkley, Jr., President and CEO of insurer W. R. Berkley, has expressed his disappointment with the reinsurance market's sluggish response to social inflation and other challenges, arguing that a lack of discipline is preventing the casualty market from achieving appropriate risk-adjusted returns. Berkley’s concerns are reflected in the reduction ... Read the full article
Chubb estimates $1.5bn loss from LA wildfires amid reduced California exposure
29th January 2025
During insurer Chubb Limited’s fourth-quarter 2024 earnings call, Chairman and CEO Evan Greenberg confirmed that the company expects $1.5 billion in net pre-tax losses from the recent Los Angeles, California wildfires. Despite the scale of the losses, Greenberg does not anticipate a broader impact on property insurance pricing, emphasising that overall ... Read the full article
Devonshire Underwriting appoints Robin Muir as Head of Contingent Risks
29th January 2025
Devonshire Underwriting, a managing general agent (MGA) specialising in underwriting transactional risk solutions, has announced the appointment of Robin Muir as Head of Contingent Risks. In his new role, Muir will focus on enhancing the company’s Contingent Risk Insurance product and ensuring seamless collaboration with clients to meet their evolving needs. Muir ... Read the full article
Hedgehog Risk secures investment from SIG Insurance to expand in UK & Europe
29th January 2025
SIG Insurance, part of the Susquehanna, a global quantitative trading and investment firm, has acquired a significant stake in Hedgehog Risk, a provider of specialist sports and prize insurance. According to the announcement, SIG Insurance’s investment will facilitate Hedgehog Risk's expansion across the UK and Europe, allowing the firm to broaden ... Read the full article
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