Reinsurance News
AXA XL Re’s premiums increase 12% to €1.4bn in Q1’25
7th May 2025
Global insurer AXA’s Property and Casualty (P&C) and Specialty Risk division, AXA XL, saw gross written premiums and other revenues climb 7% to €21 billion in Q1 2025, helped by a 12% increase in premiums to €1.4 billion at AXA XL Reinsurance. Within P&C, commercial lines premiums rose 6% to €13.2 ... Read the full article
BHSI expands into UK Programes Business, appoints Rob Munden as Head
7th May 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, executive, and professional lines insurance, has announced its entry into the UK Programmes business with the appointment of Rob Munden as Head of Programmes, UK. In his new role, Munden will be responsible for building and overseeing BHSI’s Programmes business ... Read the full article
Gallagher’s Lofstrom joins Willis as Deputy Regional Leader, NA
7th May 2025
Willis, a WTW business, has announced the appointment of David Lofstrom as Deputy Regional Leader, New England within Corporate Risk and Broking (CRB) in North America. In his new role, based in Boston, Lofstrom will be collaborating with the full New England team to identify new opportunities and help accelerate regional ... Read the full article
SCOR posts 85% CoR as net income hits €200m in Q1’25
7th May 2025
French reinsurer SCOR has reported a 1.7% rise in net income to €200 million for the first quarter of 2025 with a solid performance in both its Life & Health (L&H) and Property & Casualty (P&C) segments, despite the impacts of the Los Angeles wildfires. Group-wide, SCOR has reported Q1'25 insurance ... Read the full article
AXIS launches cyber and liability coverage for Canadian companies with $2bn revenue
7th May 2025
Global specialty underwriter and re/insurance provider, AXIS Capital Holdings Limited (AXIS), has launched a customisable cyber and specialist liability coverage insurance policy to Canadian companies with up to $2 billion in revenue. The policy, AXIS Cyber Technology and Miscellaneous Professional Liability (ACTM), aims to protect businesses and avoid potential gaps in ... Read the full article
Crain and Cady join Lockton as co-lead of its national Healthcare Practice
7th May 2025
Independent insurance broker Lockton has revealed that Ethan Crain and Rebecca Cady have joined the company to co-lead its national Healthcare Practice. Lockton explained that the addition of Crain and Cady will significantly deepen its commitment to the healthcare industry. According to the firm, the pair bring extensive knowledge and a deep ... Read the full article
DUAL NA increases surety capacity aggregate limit
7th May 2025
DUAL North America, a provider of specialised insurance solutions, has expanded its surety program capacity to offer a $100 million single project limit and a $200 million aggregate limit, strengthening its market position, backed by “A” A.M. Best and “A+” S&P rated carrier, AXIS Insurance Company. The move reflects the company’s ... Read the full article
Nicholas Walsh named as Independent Non-Executive Chairman of Sompo
7th May 2025
Sompo, a provider of commercial and consumer property and casualty re/insurance, has announced the appointment of Nicholas Walsh as the new Independent Non-Executive Chairman of the Board of Directors for Sompo International Holdings Ltd. Walsh, who has served as an Independent Non-Executive Director of SIH since June 2022, takes over from ... Read the full article
TWIA says rates on line ‘potentially down’ as June 1 reinsurance renewal nearly placed
6th May 2025
Jim Murphy, Chief Actuary of the Texas Windstorm Insurance Association (TWIA), said during a Board meeting today that rates on line that the association is seeing in the market right now are flat, if not potentially down when compared with last year. At TWIA's Board meeting held today, reinsurance funding was ... Read the full article
Gilliland and Higgins to lead Atrium’s Strategic Distribution team
6th May 2025
Atrium, a specialty insurance group at Lloyd’s, has announced the appointment of a new Strategic Distribution team to be led by Chance Gilliland as Group Head and Maureen Higgins as Deputy Group Head. The newly formed team will look for growth opportunities arising from both established and emerging sources, using established ... Read the full article
Everest Reinsurance names Jonathan Mesagaes as Head of Renewable Energy
6th May 2025
Everest Reinsurance, the reinsurance division of Everest Group, has announced the appointment of Jonathan Mesagaes as Head of Renewable Energy. With more than two decades of experience in underwriting, risk management, and actuarial pricing, Mesagaes will be supporting clients across the division’s Global Specialties business. The executive has been with Everest since ... Read the full article
Aon promotes Amanda Lyons to Bermuda CEO of Reinsurance
6th May 2025
Amanda Lyons has been appointed CEO of Aon Reinsurance Solutions Limited in Bermuda, effective July 1, 2025, subject to regulatory and immigration approvals. Based in Bermuda, Lyons is reportedly expected to lead the growth of Aon’s reinsurance platform on the island. In addition to her new role, she will continue to serve ... Read the full article
Corebridge Financial reports strong operating income despite net loss in Q1’25
6th May 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the first quarter of 2025, reporting $649 million in adjusted after-tax operating income despite a net loss of $664 million. Q1 2025’s net loss compares to a gain of $878 million reported in the same period last ... Read the full article
Lena Kettler named Global Head of Claims (P&C) for Hannover Re
6th May 2025
European reinsurer Hannover Re has announced the appointment of Lena Kettler as Global Head of Claims (P&C), a newly created position based in Hannover. Kettler is joining Hannover Re with close to two decades of industry experience with extensive knowledge in both underwriting and claims. “Thanks to her broad experience, Lena will ... Read the full article
Envelop Risk adds Jacquelynn Morley to its Bermuda-based team
6th May 2025
Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has expanded its Bermuda presence with the addition of Jacquelynn Morley to the team. A reinsurance expert with 18 years of experience, Morley brings extensive capabilities in managing complex, multimillion-dollar fronting portfolios, seamlessly blending deep technical underwriting expertise with a sophisticated understanding ... Read the full article
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