Reinsurance News
The reinsurance pie in India will increase: Azeem Kanjiani, Prudent Insurance Brokers
23rd April 2025
Insurance companies in India continue to grow and as the primary market expands, insured sizes are on the rise, driving more and more mega and ultra mega insurance policies in the country, all of which suggests growth for India's reinsurance market, according to Azeem Kanjiani, Member Executive Board, Reinsurance, Prudent ... Read the full article
Polo Managing Agency appoints Gordon Reid as Operational & New Business Manager
23rd April 2025
Gordon Reid is joining Polo Managing Agency as Operational & New Business Manager to reinforce the company's continued growth and deepening of its Lloyd’s market expertise. In his new role, Reid will have operational and new business responsibilities, as well as support clients while acting as a central point of communication ... Read the full article
SCR rebrands as Atlantic Re to strengthen presence across Africa
23rd April 2025
Société Centrale de Réassurance (SCR) has officially rebranded as Atlantic Re as part of its dynamic strategic transformation aimed at strengthening its position in Morocco and accelerating its influence across the African continent. Since its establishment in 1960, the reinsurer has played a central role in shaping Morocco’s insurance sector, covering ... Read the full article
Willis names Anant Pawar as Aviation & Space Leader for India
23rd April 2025
Willis, part of global insurance broker WTW, has appointed Anant Pawar as the Aviation & Space Leader for India, effective immediately. In this new role, Pawar will be responsible for providing strategic insurance broking solutions and specialised services to aviation clients across the country. Pawar brings extensive industry knowledge and leadership experience, ... Read the full article
Chubb names Janene Blizzard as Head of A&H, APAC
22nd April 2025
Global insurer Chubb has appointed Janene Blizzard as the Head of Accident & Health (A&H) for Asia Pacific (APAC), effective June 1st, 2025, based in Singapore. Blizzard will report to Marcos Gunn, Regional President, Asia Pacific, with a matrix reporting line to Daniela Hernandez, Division President for International A&H, Overseas General ... Read the full article
‘Monumental demographic shifts’ will transform the global P&C insurance sector: Capgemini
22nd April 2025
The aging of the world population is set to dramatically increase the global dependency ratio, and as consumer behaviour shifts alongside trends towards greater urbanisation and automation of technology, the global property & casualty (P&C) insurance industry is expected to transform by 2050, according to the Capgemini Research Institute’s World ... Read the full article
Renewal rates down for nearly all commercial lines quarter over quarter: Ivans
22nd April 2025
Ivans, a division of Applied Systems, has released its Q1 2025 results for the Ivans Index, showing that the average premium renewal rate change across nearly all major commercial lines, except Umbrella, decreased compared to Q4 2024. However, year-over-year premium renewal rate changes for all major commercial lines of business, except ... Read the full article
Zhibao Technology launches new reinsurer Zhibao Labuan Re
22nd April 2025
Zhibao Technology Inc., a China-based insurtech company specialising in digital insurance brokerage, has announced the establishment of Zhibao Labuan Reinsurance Company Limited. Labuan Financial Services Authority (LFSA) has granted Zhibao Labuan Re a license to pursue general reinsurance operations outside of mainland China on April 14, 2025. The establishment of Zhibao Labuan ... Read the full article
Markel Insurance splits US and Bermuda operations, makes leadership appointments
22nd April 2025
Markel Insurance, the insurance arm of Markel Group Inc., has bifurcated the operations of its US and Bermuda operations, previously known as Markel Specialty, into US Wholesale and Specialty, and Programs and Solutions. Simultaneously, the insurer has made changes to its senior leadership, effective immediately. The US Wholesale and Specialty segment will ... Read the full article
Helix appoints Kevin Copeland as CFO
22nd April 2025
Helix Underwriting Partners Ltd, the Bermuda-based multi-line managing general agent (MGA), has announced the appointment of Kevin Copeland to the newly-created role of Chief Financial Officer (CFO). Copeland brings over 25 years of experience in the reinsurance, insurance, and investment industries, and will join Helix’s executive management team. He most recently served ... Read the full article
Reinsurance expansion strengthens credit position of German and French insurers: Fitch
22nd April 2025
Fitch Ratings, a provider of credit ratings, commentary and research, has said that the growing reinsurance activities of several German and French insurers are contributing to stronger credit profiles, provided the associated execution risks are well managed. In a new report, Fitch assesses the strategic move into reinsurance by eight European ... Read the full article
Ray Hall appointed Head of AIG’s Western World
22nd April 2025
Global insurer American International Group (AIG), Inc. has appointed Ray Hall as Head of Western World, effective immediately, based in Scottsdale, Arizona. In the role, Hall will report to Lou Levinson, President and Chief Executive Officer, Lexington Insurance, an AIG subsidiary. He will drive and execute the firm’s strategies for the contract ... Read the full article
Admiral Group to sell its US motor insurance business to J.C. Flowers
22nd April 2025
UK domiciled insurer Admiral Group plc has agreed to sell its US motor insurance business, including Elephant Insurance Company and Elephant Insurance Services, to J.C. Flowers & Co., a global private investment firm in the financial services industry. The transaction has been agreed for an undisclosed cash consideration (before customary adjustments ... Read the full article
Netsanet Lemesa appointed CEO of Ethiopian Re
22nd April 2025
Ethiopian Reinsurance (Ethio Re) has announced the appointment of Netsanet Lemesa as Chief Executive Officer (CEO), succeeding Fikru Tsegaye Wordofa, Executive Officer, Strategy and Development, who had been serving as Acting CEO. Lemesa brings a wealth of experience to the role, boasting over 23 years in the professional sector, including a ... Read the full article
W. R. Berkley posts record net premiums written for Q1’25
22nd April 2025
Insurance holding company W. R. Berkley Corporation has posted record high net premiums written for the first quarter of 2025 at $3.1 billion, compared to $2.8 billion in Q1’24. This was supported by the growth in gross written premiums (GWP) for the quarter, reported at $3.6 billion compared to $3.3 billion ... Read the full article
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