Reinsurance News
Taiwan dollar’s sharp appreciation poses risks to life insurers’ overseas investments: AM Best
9th May 2025
According to a recent commentary published by AM Best, the credit rating agency, the Taiwan dollar has strengthened against the US dollar at a speed not previously recorded, gaining approximately 8% within a two-day span. AM Best states that this sharp currency movement may have significant repercussions for Taiwanese life insurers, ... Read the full article
HCI’s gross premiums earned up 17% to $300m in Q1’25
9th May 2025
Florida-domiciled insurtech HCI Group, Inc. has reported a 17% rise in consolidated gross premiums earned to $300.4 million for the first quarter of 2025, up from $256.6 million in Q1 2024, driven primarily by assumptions of policies from Citizens Property Insurance Corporation, the state’s insurer of last resort. For Q1’25, HCI ... Read the full article
MSIG USA names Beirne as Chief Actuary & James as Chief Risk Officer
9th May 2025
MSIG USA, an insurance subsidiary under MSIG Holdings, has strengthened its analytics and enterprise risk governance leadership with the appointment of Tony Beirne as Chief Actuary and Dale James as Chief Risk Officer. These appointments align with the firm's aim to further strengthen its leadership in analytics and enterprise risk governance, ... Read the full article
Saudi Re sees net profit of SAR 35.4m in Q1’25
9th May 2025
Saudi Re has reported a net profit after zakat attributable to shareholders of SAR 35.4 million for Q1 2025, up from SAR 31.8 million in the same period last year. The company attributed the increase in net profit primarily to a 56% rise in reinsurance revenue, a 28% growth in net ... Read the full article
AXA XL appoints Kinsella as Head of Risk Managed Underwriting, Retail, UK & Lloyd’s
9th May 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the promotion of Ben Kinsella to Head of Risk Managed Underwriting, Retail, UK & Lloyd’s. In his new role, Kinsella will leverage his 15 years of industry experience to lead AXA XL’s International Property, ... Read the full article
ABI urges government action as storm-driven insurance claims hit record levels in Q1’25
9th May 2025
The Association of British Insurers (ABI), the trade body representing the UK’s insurance and long-term savings industry, has revealed that insurance claims related to extreme weather have reached a record high in the first quarter of 2025 — intensifying calls for stronger government investment in flood defence infrastructure. According to the ... Read the full article
CoverCap from Amwins offers specialised property coverage for middle market risks
9th May 2025
Amwins, a distributor of specialty insurance products and services, has announced the launch of CoverCap, a proprietary E&S solution providing primary property coverage tailored for the middle-market segment. Built for efficiency and backed by AM Best "A"-rated carriers, CoverCap is available only through Amwins brokers. The programme delivers primary property coverage for ... Read the full article
US trade deal will be welcomed by UK insurers, says PwC’s Bertolotti
9th May 2025
Commenting on the trade deal between the US and UK, as well as the Bank of England’s interest rate cut, Alex Bertolotti, Insurance Leader at PwC UK, noted that while UK insurance companies do not anticipate a direct impact, they are likely to welcome the reduced secondary effects on their ... Read the full article
QBE’s GWP up 7% to $8.3bn in Q1’25
9th May 2025
Australian insurer QBE has reported strong gross written premium growth in Q1 2025, up 7% compared to the same period of 2024 to $8.3 billion. Excluding premium rate increases of 3.4%, QBE noted that ex-rate growth of 7% was driven by ongoing and relatively broad momentum in International and North America. The ... Read the full article
Heritage secures more catastrophe reinsurance and higher retention at renewal
9th May 2025
Heritage Insurance Holdings, a super-regional P&C insurer, purchased $2.479 billion of catastrophe reinsurance limit at its 2025 renewal, which is up on last year's $2.194 billion of limit, while this year's placement included a higher retention. The 2025-2026 indemnity-based, catastrophe excess-of-loss reinsurance program protects the firm's statutory insurance subsidiaries, Heritage Property ... Read the full article
Carla Orejas to lead Chubb’s Major Accounts and Distribution for CEMENA
9th May 2025
Global insurer Chubb has announced the appointment of Carla Orejas as Head of Major Accounts and Distribution for Continental Europe, Middle East and North Africa (CEMENA), effective June 2, 2025. In her new role, Orejas will work in partnership with regional and country leaders to enhance and implement Chubb's distribution strategy. Her ... Read the full article
Synpulse names Jieke Pan as Chief Technology Officer to drive global engineering efforts
9th May 2025
Synpulse, a consultancy specialising in the financial services sector, is pleased to announce the appointment of Jieke Pan as its new Chief Technology Officer (CTO). With over 20 years of experience in digital transformation, product innovation, and engineering excellence, Pan brings a wealth of expertise to the role. As an accomplished CTO, ... Read the full article
IHC, BlackRock, Lunate partner for $1bn+ Abu Dhabi AI-native reinsurance launch
9th May 2025
The International Holding Company (IHC) is launching a new Abu Dhabi based reinsurer with $1 billion plus of equity capital and partnerships with asset managers BlackRock and Lunate, while Mark Wilson the former CEO of Aviva and AIA Group has been lined up to lead the reinsurance start-up as CEO. IHC ... Read the full article
SiriusPoint names Fenn as Global Head of Marine
9th May 2025
Bermuda-domiciled insurer and reinsurer SiriusPoint has promoted Chris Fenn to Global Head of Marine. Additionally, Anthony Grew has been appointed as Head of Cargo effective July 21st, while Giulia Argano will join the Global Claims team as Marine Claims Adjuster in May. The two appointments are strategic to strengthen the company’s ... Read the full article
India’s re/insurance market at inflection point: Mathur, Policybazaar for Business
9th May 2025
India’s risk transfer market is at an inflection point, as reinsurance infrastructure in the country lags the evolution of the rapidly expanding primary insurance market, creating opportunities for new ideas and models, according to Tarun Mathur, Co-founder and Chief Business Officer, Policybazaar for Business. Founded in 2008, Policybazaar is an insurance ... Read the full article
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