Reinsurance News
Triple-I appoints Patrick Schmid as Chief Insurance Officer
3rd July 2025
The Insurance Information Institute (Triple-I) has announced the appointment of Patrick Schmid as Chief Insurance Officer, effective July 11, 2025. Schmid will also lead the organisation’s Catastrophe Resiliency Council and the Insurance Research Council, reporting to Sean Kevelighan, CEO of Triple-I. Additionally, he will continue in his role as president of The ... Read the full article
Howden Re launches Hong Kong operation led by Roy Wong
3rd July 2025
Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, has launched a Hong Kong-focused reinsurance broking platform, with Roy Wong appointed as Managing Director, Reinsurance, Hong Kong, effective July 21st, 2025. Wong will report to Andy Souter, Head of Asia Pacific, Howden Re International, and work closely ... Read the full article
Relation Insurance acquires entertainment specialist Albert G. Ruben
3rd July 2025
Relation Insurance Services (Relation), an insurance brokerage firm, has announced its acquisition of Albert G. Ruben, a pioneer in Hollywood and the global entertainment industry known for delivering specialised insurance services to major film studios, independent production companies, Broadway productions, and multinational corporations. The acquisition preserves the Albert G. Ruben name ... Read the full article
Jonathan Zhao named EY Global Insurance Leader
3rd July 2025
Jonathan Zhao has been promoted to Global Insurance Leader at EY, taking over the role from Isabelle Santenac, who had been leading the practice for the past six years. Zhao, who has been with the company for nearly 25 years, will now oversee a team of 24,000 insurance professionals across EY’s ... Read the full article
Diesta and INSHUR partner to automate payment operations and drive growth
3rd July 2025
Diesta, the insurance payment reconciliation and distribution specialist, has partnered with INSHUR, a global provider of insurance solutions for the on-demand economy, to automate payment operations and support INSHUR’s next phase of growth. Through this partnership, INSHUR will leverage Diesta’s platform to automate reconciliation, streamline settlement processes, and improve ledger reporting ... Read the full article
Carrick Holdings welcomes Armin De Weerdt as AVP, Finance
3rd July 2025
Carrick Group Limited, a Bermuda-based international non-life legacy insurer, has announced the appointment of Armin De Weerdt as Assistant Vice President (AVP), Finance. De Weerdt is joining Carrick from Pillar Capital Management Limited, a Bermuda-based specialist in collateralized reinsurance and insurance-linked securities (ILS) investment manager. Most recently, he served as Assistant Manager ... Read the full article
Mid-year renewals shows reinsurers now eager to expand in Florida: Gallagher Re
2nd July 2025
According to reinsurance broker Gallagher Re’s 1st View mid-year renewal report, recent legislative reforms in the State of Florida encouraged reinsurers to write across the board at the mid-year renewals, in hopes of maintaining their market share on programmes. The reforms, signed into law in late December 2022, have successfully ... Read the full article
CatIQ increases Ontario & Quebec ice storm loss estimate to CAD 416m
2nd July 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its third industry loss estimate for the ice storm that impacted Ontario and Quebec from March 28 to 31, 2025, with losses now standing at CAD 416 million. The event involved a prolonged period of wintry ... Read the full article
Sixth Street completes $5.1bn acquisition of Enstar
2nd July 2025
Global legacy re/insurance specialist Enstar Group Limited has announced the completion of its acquisition by investment firm Sixth Street for $338.00 in cash per ordinary share, representing a total equity value of $5.1 billion. The acquisition was initially announced in July 2024, with Liberty Strategic Capital, J.C. Flowers & Co. ... Read the full article
Extreme weather losses in Australia exceed AUD 1.8bn in H1’25: ICA
2nd July 2025
According to new data released by the Insurance Council of Australia (ICA), the total insured cost of extreme weather events in the first half of 2025 has now surpassed AUD 1.8 billion from 148,437 claims. A breakdown of these claims shows that the most recent event, the Mid-North Coast and Hunter ... Read the full article
Gallagher Re appoints Aon’s Pablo Muñoz as Global Fac CEO
2nd July 2025
Global reinsurance broker Gallagher Re has announced the appointment of Pablo Muñoz as Chief Executive Officer (CEO) of Global Facultative Reinsurance, effective July 2, 2025. Based between London and Miami, Muñoz will leverage his over 25 years of industry experience to lead Gallagher Re’s global facultative solutions team, delivering comprehensive services ... Read the full article
Achim Bosch begins tenure as CEO of Deutsche Rück
2nd July 2025
Achim Bosch has officially taken as Chief Executive Officer (CEO) of Deutsche Rückversicherung AG (Deutsche Rück) as of July 1st, 2025, from Frank Schaar, who held the role since February 2018, and is retiring. The Supervisory Board of Deutsche Rück had appointed Bosch as its new CEO on November 18th, ... Read the full article
MS Transverse eyes growth following AM Best rating upgrade: President, John Fitzgerald
2nd July 2025
In an interview with Reinsurance News, John Fitzgerald, President of MS Transverse, said the company’s recent upgrade of its Financial Strength Rating to A+ (Superior) from A (Excellent) by AM Best cements its leadership in the hybrid fronting space and positions it as an attractive partner for top-tier MGAs ... Read the full article
Earnix unveils new PolicyCenter v10 Accelerator on Guidewire Marketplace
2nd July 2025
Earnix, a Dynamic-AI platform for insurance, has announced that its new PolicyCenter v10 accelerator is now available to Guidewire PolicyCenter version 10 users via the Guidewire Marketplace, helping insurers respond quickly to market changes and improve profitability. Earnix’s new PolicyCenter version 10 integration offers a fully integrated intelligent pricing and rating ... Read the full article
LMA launches new model clause to boost sanctions compliance in re/insurance contracts
2nd July 2025
The Lloyd’s Market Association (LMA) has launched a new model clause, LMA5670 – General Sanctions Financial Crime Documentation Clause, designed to strengthen sanctions compliance in reinsurance and insurance contracts. This measure aims to empower re/insurers and brokers in navigating the increasingly intricate and rapidly evolving landscape of sanctions and finance crime ... Read the full article
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