Reinsurance News
Guy Carpenter appoints Hakes as Global Head of Marine, Energy and Technical Lines
14th July 2025
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, has appointed Richard Hakes as the new Global Head of Marine, Energy and Technical Lines (METL). Hakes, who will also join the Global Specialties Leadership Team, is now responsible for leading the global METL team, comprising ... Read the full article
US hurricane losses could soar 50% in warming climate, MS Amlin study finds
14th July 2025
Insured losses from US hurricanes could increase by nearly 50% if global temperatures rise by 2°C, MS Amlin, the Lloyd’s re/insurer, warns in its recently launched peer-reviewed study published in the Journal of Catastrophe Risk and Resilience. According to the study, climate change is reshaping hurricane behaviour—altering where storms strike, how ... Read the full article
Broussard to serve as a Director on Marsh McLennan’s Board
14th July 2025
The Board of Directors of Marsh McLennan, a global insurance and reinsurance brokerage firm, has appointed Bruce Broussard as a Director, effective immediately. His appointment brings the total number of directors on the Board to 12. Broussard has over 30 years of experience leading public and private healthcare organisations. He was ... Read the full article
Continued profitable growth for Hannover Re amid evolving risk landscape: CEO Jungsthöfel
14th July 2025
Clemens Jungsthöfel, who took over as CEO of Hannover Re from Jean-Jacques Henchoz in early April, has outlined his vision for the company’s future in a recent interview with Börsen-Zeitung, emphasizing continued profitable growth by leveraging its focused reinsurance model a lean structure. Jungsthöfel described Hannover Re’s current position as Read the full article
U.S. MGA premiums grow 16% in ‘24 driven by migrating talent, AI adoption & other factors: Conning
11th July 2025
The U.S. Managing General Agent (MGA) growth once again outpaced the broader property-casualty market, with direct premiums written rising 16% year-over-year to an estimated $114.1 billion, a recent Conning study has revealed. Conning's latest strategic study, "Managing General Agents: Built for What's Next," highlights several market dynamics that have benefited the ... Read the full article
Castle Harbour Insurance launches transactional risk insurance brokerage
11th July 2025
Castle Harbour Insurance, a provider of specialty insurance services, has launched a transactional risk insurance brokerage focused on addressing complex deal-related risks. The new offering is designed to assist clients with structured solutions in areas such as tax insurance, representations and warranties insurance, litigation insurance, and contingent risk insurance. The New York ... Read the full article
SageSure and Auros close $100m cat bond with strong investor support
11th July 2025
SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed markets, along with its carrier partners Auros Reciprocal Insurance Exchange and Elevate Reciprocal Exchange, has closed the Gateway Re Series 2025-3 catastrophe bond at $100 million. Including this latest issuance, the SageSure-supported Gateway Re series now exceeds $2.1 billion in cumulative notional ... Read the full article
Flexible insurance key to navigating geopolitical and transport risks in Middle East: Aon
11th July 2025
Businesses operating in the Middle East face a critical time, as rapidly evolving geopolitical and economic dynamics in the region demand an urgent evaluation of their risk strategies, Aon analysts have stated in a recent report. Businesses must therefore be prepared for rapid and extreme scenarios, which they can achieve through ... Read the full article
Arch Insurance North America names Jeff Kaufmann as EVP, Head of Marine
11th July 2025
Arch Insurance North America has appointed Jeff Kaufmann to the newly created role of Executive Vice President (EVP), Head of Marine. He reports to Valerie Turpin, Chief Underwriting Officer, Property. In his new role, Kaufmann will be responsible for establishing Arch’s US Marine product offerings, building a strong, specialised underwriting team ... Read the full article
Trinity Capital fuels INSHUR’s global expansion with $35m investment
11th July 2025
Trinity Capital, an alternative asset manager, has committed $35 million in growth capital to INSHUR, a global provider of embedded insurance for the booming on-demand economy. This significant investment will accelerate INSHUR’s continued expansion across the US and bolster its technological advancements. INSHUR specialises in providing commercial insurance for on-demand mobility drivers, ... Read the full article
Zurich Insurance names Jim Qin as CEO for Life and General Insurance in Hong Kong
11th July 2025
Zurich Insurance, an insurer with a significant presence in Hong Kong, has named Jim Qin as CEO for its Life and General Insurance businesses in the region. In this expanded role, Qin will oversee both divisions, guiding Zurich’s growth and innovation in Hong Kong’s insurance market. Qin joined Zurich in 2019 as ... Read the full article
2024 second consecutive year of ‘very strong’ P&C results for large global reinsurers: Fitch
11th July 2025
According to a new peer group credit analysis, sustained underwriting results and investment income made 2024 the second consecutive year of "very strong" property and casualty (P&C) financial performance in a prolonged favourable market. The insurers in this peer group are some of the largest in the industry, including Hannover ... Read the full article
Low NFIP uptake in rural areas to limit insured losses from deadly Texas flooding: Aon
11th July 2025
Given the low NFIP take-up rates across rural areas, Aon has noted that the recent deadly Texas flooding is not likely to be a major insured industry loss event, though total economic losses may still reach into the billions of USD. As widely reported by major news outlets around the world, ... Read the full article
London market re/insurers confident in meeting full-year targets: Berenberg
11th July 2025
Re/insurers in the London market remain confident in achieving their full-year targets, supported by rational pricing, improving capital allocation, and investments in AI and private markets — despite ongoing economic and geopolitical uncertainty, according to equity analysts at Berenberg. The analysts shared their insights following meetings with a number of re/insurers ... Read the full article
Hail responsible for 55% of solar PV weather claims in North America: AXIS Capital
11th July 2025
A new report from AXIS Capital Holdings Limited reveals that hail accounts for 55% of the total gross claims related to natural catastrophes and extreme weather for solar photovoltaics (PV) in the US and Canada. AXIS's Global Energy team has published a report, "Solar vs. Hail Pivoting Away From Danger", to ... Read the full article
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