Reinsurance News
Philipp Kusche named Chairman of Howden Capital Markets & Advisory Europe in expanded role
16th January 2025
Howden Capital Markets & Advisory (HCMA), the capital markets and insurance-linked securities (ILS) arm of the re/insurance broker, has announced that Philipp Kusche will expand his role as Global Head of ILS to include Chairman of HCMA Europe. In this expanded role, Kusche will further support both global and local expertise ... Read the full article
Cat bond demand extremely strong, collateralised reinsurance returning: Gallagher Securities
16th January 2025
For various buyers of protection, the insurance-linked securities (ILS) market remains an integral part of their overall reinsurance purchasing decision, and demand for the catastrophe bond product was extremely strong in 2024, while demand for collateralised reinsurance is also returning, according to Gallagher Securities, the insurance-linked securities (ILS) and capital ... Read the full article
SRS Altitude expands into North America with Milan Pavlik appointment
16th January 2025
SRS Altitude, a Managing General Underwriter (MGU) specialising in Alternative Risk Transfer (ART) solutions and part of Strategic Risk Solutions group, has expanded into North America with the appointment of Milan Pavlik as Head of Business Development, North America. This move highlights SRS Altitude's long-term commitment to providing ART insurance solutions ... Read the full article
Favorable reinsurance market conditions to continue despite being past the ‘super cycle’ peak: Autonomous
16th January 2025
The re/insurance market is experiencing a shift, with the peak of the current "super cycle" now behind. Yet, while it is believed it will continue a moderate decline, optimism remains about continued favourable conditions, Autonomous stated in a recent report. This cycle appears to be very different to prior ones, analysts ... Read the full article
PIB Group appoints Michael Hendriks as Chief Commercial Officer for Europe
16th January 2025
PIB Group Ltd (PIB), an international insurance intermediary group, has appointed Michael Hendriks as Chief Commercial Officer for Europe to further strengthen its regional leadership team. PIB's international division is focused on expanding its retail brokerage while growing its reinsurance, wholesale, and underwriting operations, providing opportunities for regional consolidation and long-term ... Read the full article
CEA weighs second-event funding for major earthquake scenario
16th January 2025
The California Earthquake Authority (CEA) is reportedly evaluating the necessity of establishing a second-event funding tower to ensure its operational capacity is maintained following a potential major earthquake. As Reinsurance News understands, the CEA Advisory Board has been deliberating on the potential need for backup financing and coverage, considering the possibility ... Read the full article
IUA plans to develop central risk function in 2025 to address emerging risks
16th January 2025
The International Underwriting Association (IUA) is reviewing its core services for London insurers to adapt to the evolving nature of risk transfer, with plans to establish a central risk function focused on issues like sustainability and cyber risk in its 2025 business plan. The review process will assess the operation of ... Read the full article
Arch Insurance International strengthens leadership with key promotions in casualty division
16th January 2025
Arch Insurance International, a provider of specialty insurance solutions, has announced a series of senior promotions within its Casualty division, effective immediately. Robin Hamilton has been appointed as the Head of Energy and Marine Liability. In his expanded role, Hamilton will lead the integration of the Energy Liability and Marine Liability ... Read the full article
WTW appoints regional and global leaders to enhance risk and broking strategy
16th January 2025
WTW, an advisory, broking, and solutions firm, has announced two key leadership appointments: Hugo Wegbrans as Head of Corporate Risk and Broking (CRB) Europe and Simon Delchar as Global Head of Placement, both reporting to Lucy Clarke, President of Risk and Broking. Wegbrans, who joined WTW in 2021 as Head of ... Read the full article
ASR as first African-focused Lloyd’s service company in Mauritius
16th January 2025
Africa Specialty Risks (ASR), a re/insurance group focused on Africa and the Middle East, has announced that Africa Specialty Risks Mauritius is now operating as a Lloyd’s service company, enabling it to underwrite business in Mauritius on behalf of Syndicate 2454. This development makes ASR the first Lloyd’s service company based ... Read the full article
Richard Coyle becomes MD of parametric specialist Arbol Re/Insurance UK
16th January 2025
Richard Coyle has joined global climate risk solutions platform Arbol as Managing Director of Arbol Re/Insurance UK. Arbol specializes in parametric financial products, offering businesses a streamlined approach to managing climate risks. The company launched its London-based Managing General Agent (MGA) back in November 2023 to service the international insurance market ... Read the full article
Turning data-driven dialogue into action for a new global equilibrium: Swiss Re’s Berger
16th January 2025
As global leaders gather together at the World Economic Forum (WEF) amidst a backdrop of geopolitical shifts and escalating climate risks, the spotlight is on the power of dialogue and data-driven decision-making to navigate these turbulent times, Swiss Re’s Andreas Berger highlights. “The post-World War II framework that fuelled prosperity in ... Read the full article
Trisura appoints Richard Grant as President & CEO
16th January 2025
Specialty insurer Trisura Guarantee Insurance Company (Trisura) has announced the appointment of Richard Grant as President & CEO, in addition to his role as Chief Underwriting Officer of Trisura Group. Grant has been with Trisura since its founding in 2006, starting as Senior Vice President of Specialty Insurance Solutions. He most ... Read the full article
Lloyd’s unlikely to have much direct insurance exposure to California wildfires
16th January 2025
According to a new report from Alpha Insurance Analysts Limited, Lloyd’s is unlikely to have much direct insurance exposure to the California wildfires, other than through some specialist high value homes property binders. As per new estimates, the LA wildfires are set to cause economic losses as high as $275 billion ... Read the full article
FEMA lifts NFIP reinsurance coverage at renewal
16th January 2025
The U.S. Federal Emergency Management Agency (FEMA) transferred $757.835 million of the NFIP's financial risk to the private reinsurance market at its renewal for a total premium of $139.9 million, as the number of participating reinsurers increased year-on-year. The 2025 reinsurance placement covers 12.0334% of NFIP losses between $7 billion and ... Read the full article
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