Reinsurance News
Fenchurch Faris appoints Lina Afiouni as Reinsurance Specialist
6th March 2025
Lloyd’s broker Fenchurch Faris has announced the appointment of Lina Afiouni as Reinsurance Specialist in Dubai. Fenchurch Faris is a registered Lloyd’s Broker with 40 years of experience providing insurance and reinsurance risk management services across Europe, the Middle East, and Africa. Afiouni is an experienced re/insurance professional with over a decade ... Read the full article
SACE to provide reinsurance backing for nat cat coverage in Italy
5th March 2025
SACE, the Italian insurance and financial group wholly owned by the Italian Ministry of Economy and Finance, has announced that it will provide reinsurance at market conditions, covering indemnities of up to 50%, with a total cap set by the 2024 Budget Law at €5 billion for 2025. For those unaware, ... Read the full article
mea platform reports significant growth and unveils strategic growth initiatives
5th March 2025
mea platform saw significant growth in 2024, with revenue rising 2.6 times and its client base tripling, providing a solid foundation for strategic growth initiatives in 2025. Key milestones included global deployments across multiple Tier 1 U.S. and global insurance carriers, leading re/insurers, fast growing MGAs, and Lloyds of London. Now three ... Read the full article
Oxbridge Re launches 2025 tokenized reinsurance offerings
5th March 2025
Cayman Island domiciled reinsurer Oxbridge Re Holdings Limited, along with its subsidiary SurancePlus, has launched its 2025 tokenized reinsurance offerings, which for the first time allows investors to select their preferred risk-return profile with a balanced and high yield option. The companies are engaged in the tokenization of real-world assets (RWAs), ... Read the full article
DXC and ServiceNow partner to transform insurance workflows with AI
5th March 2025
DXC Technology, a Fortune 500 global technology services provider, and ServiceNow, an AI platform for business transformation, have partnered to drive innovation in the insurance industry with artificial intelligence. DXC is combining its solutions with ServiceNow's AI capabilities and workflows to introduce DXC Assure BPM (Business Process Management) powered by ServiceNow. The ... Read the full article
AXA XL names Sylvie Gleises as Regional CEO, Asia
5th March 2025
AXA XL Insurance has appointed Sylvie Gleises as Regional Chief Executive Officer (CEO), Asia, effective March 24, 2025. Gleises has two decades of experience in the insurance industry, having held several senior leadership roles since joining AXA Group in 2006. Her previous positions include CEO of Continental Europe & Global Head of ... Read the full article
WTW unveils new AI-driven monitoring tool for insurers
5th March 2025
International broker WTW has launched Radar Vision, an AI-driven performance monitoring tool custom-built for insurers. The global insurance industry is facing a period of rapid change and uncertainty, driven by significant inflation, demographic shifts, and a volatile market. To succeed in this environment, WTW highlights, insurers must be able to quickly understand ... Read the full article
MAPFRE RE partners with CyberCube to enhance cyber risk management
5th March 2025
MAPFRE RE, the reinsurance arm of Madrid-based insurer MAPFRE, has entered into a three-year agreement with CyberCube, a provider of cyber risk analytics, to license its suite of solutions. This partnership reinforces MAPFRE RE’s commitment to strengthening its cyber risk management capabilities. Under the agreement, MAPFRE RE will use CyberCube’s suite of ... Read the full article
Swiss Re names Marilyn Blattner-Hoyle as new Head Public Sector Solutions
5th March 2025
Global reinsurer Swiss Re has announced the appointment of Marilyn Blattner-Hoyle as Head of Public Sector Solutions, effective April 1, 2025, succeeding Veronica Scotti. Scotti will leave Swiss Re after over 25 years of service, having held several leadership roles across the Group, including Managing Director, President & CEO for Canada ... Read the full article
Kin expands into California with new home insurance option
5th March 2025
Kin, a digital home insurance provider, has announced the launch of a new home insurance option in California, as part of its mission to provide necessary coverage in markets that are increasingly underserved due to catastrophic events. California has faced a persistent shortage of insurance options, exacerbated by the rising threat ... Read the full article
ICMR forecasts Lloyd’s CoR well below 90% despite high nat cat activity in 2024
5th March 2025
Lloyd’s of London is poised for another impressive year, with Insurance Capital Markets Research (ICMR) forecasting a combined ratio well below 90%, despite significant catastrophe losses in 2024. This outlook is based on results from 21 of the 27 listed companies that own Lloyd’s businesses, which make up the RISX equity ... Read the full article
Lockton Re names Aon’s Eric Paire as Head of Capital Advisory Practice
5th March 2025
Lockton Re, the reinsurance arm of independent insurance broker Lockton, has appointed Eric Paire as Head of the Capital Advisory Practice in London. Most recently, Paire has served as Head of Capital Advisory for nearly seven years at re/insurance broking group Aon. Prior to this, he was Head of Global Partners & ... Read the full article
Legal & General completes £505m Inchcape pension buy-in
5th March 2025
Legal & General has completed a £505 million buy-in with the Inchcape Motors Pension Scheme, securing the benefits of 2,295 retirees and 5,890 deferred members. The transaction, completed in 2024, covers the pension liabilities of the scheme associated with Inchcape plc, a global automotive distributor operating in 32 countries across Africa, ... Read the full article
Vincent Foucart joins Miller’s reinsurance practice as MD
5th March 2025
Independent insurance and reinsurance broker Miller has announced the appointment of former SCOR executive Vincent Foucart as Managing Director in its Reinsurance practice. In his new role, Foucart will primarily focus on Miller’s Western Europe markets, including France, Belgium, Luxembourg, Netherlands, Switzerland and Monaco, with responsibility for business growth and development ... Read the full article
A. J. Gallagher to acquire Woodruff Sawyer for $1.2bn
5th March 2025
Arthur J. Gallagher & Co. has signed a definitive agreement to acquire San Francisco, California-based Woodruff Sawyer for a consideration of $1.2 billion. Woodruff Sawyer provides a full suite of commercial property and casualty products, employee benefits solutions and risk management services with a focus on middle and large market clients. According ... Read the full article
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