Reinsurance News
Aon Broker Copilot launches to ‘transform the commercial insurance placement process’
23rd June 2025
Aon, a global insurance and reinsurance broking group, is looking to modernise the commercial insurance placement processes with Aon Broker Copilot, its recently launched patent-pending platform, which will utilise artificial intelligence, large language models, and predictive analytics. Aon Broker Copilot, developed in-house and co-designed with the firm’s frontline brokers, aims to ... Read the full article
MS Transverse’s credit ratings upgrade a ‘significant milestone’, says CEO Dave Paulsson
23rd June 2025
MS Transverse Insurance Group’s recent upgrade of its Financial Strength Rating to A+ (Superior) from A (Excellent) by AM Best marks a significant milestone and underscores the strength of its business model, the quality of its partnerships, and its disciplined approach to risk management, according to CEO Dave Paulsson. MS ... Read the full article
Price Forbes appoints Suvimol Sathanart as Head of Property, Asia
23rd June 2025
Global specialty broker Price Forbes has announced the appointment of Suvimol Sathanart as Head of Property, Asia. Based in Singapore, Sathanart will report to Julian Coates, Chief Broking Officer at Price Forbes. In her new role, she will be responsible for the growth and development of Price Forbes’ property business across the ... Read the full article
SCOR bridging the funding gap for ecological restoration projects: Harmender Singh Kalirai
23rd June 2025
In an interview with Reinsurance News, Harmender Singh Kalirai, Chief Transaction Officer at SCOR P&C, discussed SCOR’s new Ecological Restoration Insurance Solution and how it aims to bridge the gap between the need and the desire to finance ecological restoration projects by de-risking the opportunity to attract greater investment. Harmender explained ... Read the full article
Acrisure Re launches West Coast Office, led by SVP Souza
23rd June 2025
Acrisure Re, the re/insurance division of global fintech company Acrisure, has expanded its US footprint with the launch of its West Coast Office, based in San Francisco, to be established and led by Danny Souza, Senior Vice President. Souza will continue to report to Marc Piccione, Partner and Managing Director of ... Read the full article
Pen Underwriting promotes Jamie Lawson to Head of Digital E-Trade
23rd June 2025
Pen Underwriting, a specialist underwriting agency in the UK, has promoted Jamie Lawson to the newly created role of Head of Digital E-Trade, effective July 1st, 2025. In his new role, Lawson will manage and coordinate digital growth initiatives right across the multi-class, multi-territory underwriting and distribution business. He reports to Hannah ... Read the full article
S&P Global raises Sava Re group’s ratings to ‘A+’ following Slovenia’s sovereign upgrade
23rd June 2025
S&P Global Ratings, a credit rating agency known for assessing credit risk and financial strength across markets, upgraded Sava Re Group and its core subsidiary Zavarovalnica Sava from 'A' to 'A+' on both their long-term issuer credit and financial strength ratings. The move follows S&P Global’s earlier decision on June 6, ... Read the full article
MS Transverse gets credit ratings upgrade from AM Best
20th June 2025
AM Best, a credit rating agency, has upgraded the Financial Strength Rating of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company, and TRM Specialty Insurance Company—together known as MS Transverse Insurance Group (MS Transverse)—from A (Excellent) to A+ (Superior). Additionally, their Long-Term Issuer Credit Ratings have been raised from “a+” ... Read the full article
Apollo’s Athora in talks to acquire PIC, reports Sky News
20th June 2025
Athora, a savings & retirement services firm in Europe established by Apollo Global Management, is in talks to acquire Pension Insurance Corporation (PIC), according to Sky News. While spokespeople for Apollo and PIC reportedly declined to comment, Sky News noted that the £4–£5 billion deal, if completed, would represent a landmark ... Read the full article
Aon’s NFP hires Darrin De Stephanis to drive commercial surety growth
20th June 2025
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has appointed Darrin De Stephanis as Senior Vice President, Capital Solutions and Commercial Surety Growth Leader. Based in Vancouver, De Stephanis will report to Adrian Pellen, co-leader of NFP's Construction and Infrastructure (C&I) Group. NFP’s construction surety risk practice is ... Read the full article
SageSure appoints Prasad Gunturi as VP Catastrophe Risk R&D
20th June 2025
SageSure, a provider of catastrophe-exposed property insurance, has announced the appointment of Prasad Gunturi as Vice President (VP), Catastrophe Risk R&D. Founded in 2009, SageSure is a managing general underwriter focused on catastrophe-exposed markets in the U.S., offering home, flood, and commercial coverage on behalf of highly rated carrier partners. The ... Read the full article
US lightning-related insurance claims down 16.5% in 2024: Triple-I
20th June 2025
U.S. insurers paid $1.04 billion in lightning-related homeowners insurance claims in 2024, marking a 16.5% decrease from the $1.24 billion paid in 2023, according to the Insurance Information Institute (Triple-I). The total number of lightning-caused claims fell to 55,537 in 2024, down 21.5% from 70,787 in 2023, marking the lowest level ... Read the full article
ICW Group enters E&S market with new business unit, ICW Specialty
20th June 2025
California-domiciled privately held insurance company, ICW Group Insurance Companies, has launched a new Excess and Surplus (E&S) business unit, ICW Specialty. The unit is being launched through VerTerra Insurance, ICW Group's Excess and Surplus lines insurer. Operating out of Atlanta, ICW Group will build ICW Specialty's products and “go-to-market and distribution strategies” ... Read the full article
Marco Capital acquires R&Q Gamma, marking third transaction with parent
20th June 2025
European P&C insurance run-off group Marco Capital has acquired R&Q Gamma Company Limited, subject to regulatory approval. Marco Capital explained that R&Q Gamma, formerly The Royal London General Insurance Company Ltd, was established in 1983 and put into run-off in 1999. It was purchased by R&Q Insurance Holdings Ltd in 2016 to ... Read the full article
Walaa Cooperative Insurance acquires majority stake in DIFC-based fac reinsurance MGA Aspire
20th June 2025
Last month, Walaa Cooperative Insurance Company, a listed Saudi insurer, completed its acquisition of an 88% stake in Aspire Underwriting Agency Ltd. (AUAL), a Managing General Agent (MGA) based in the Dubai International Financial Centre (DIFC). The transaction was approved by both the Dubai Financial Services Authority and the Saudi Insurance ... Read the full article
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