Reinsurance News
Giles Hussey to lead Rokstone DIFC as SEO
17th April 2025
International speciality re/insurance MGA Rokstone, part of the Aventum Group, has announced the appointment of Giles Hussey as SEO of its Dubai International Financial Centre (DIFC) operations, subject to regulatory approval. With a 35-year career in reinsurance broking and underwriting, Hussey brings a wealth of experience to the role, having spent ... Read the full article
Mitigrate receives strategic investment from Lloyd’s
17th April 2025
Mitigrate, a climate insurtech and Lloyd’s Lab alumni, has received a strategic investment from Lloyd’s, with continued support from its existing investors. Mitigrate is a ClimateTech SaaS startup offering a platform designed to reduce flood risk at the individual property level. Tailored for the commercial and residential insurance markets, the solution ... Read the full article
Wim Hekstra named new CEO of Ardonagh Netherlands
17th April 2025
Ardonagh Netherlands, the Dutch arm of The Ardonagh Group, has announced the appointment of Wim Hekstra as Chief Executive Officer, effective June 1st, 2025. In his new role, Hekstra will lead Ardonagh Europe’s regional growth strategy as the business continues to expand its presence in the corporate, SME, and high-net-worth brokerage ... Read the full article
PERILS adds SCS to 2025 exposure database following major loss events
17th April 2025
Zurich-based catastrophe insurance data provider PERILS AG has added market sums insured for the peril of severe convective storm (SCS) in Europe, Japan, and New Zealand to its 2025 Industry Exposure Database (IED), citing growing demand from re/insurers following multi-billion-dollar loss events in Germany, France, and Italy in recent years. For ... Read the full article
Transatlantic Underwriters expands into P&C with new division and leadership appointment
17th April 2025
Transatlantic Underwriters (TAU), a specialty insurance firm known for its focus on the transportation sector, is expanding its services with the introduction of a Property & Casualty (P&C) division. This strategic move broadens TAU’s capabilities beyond transportation while reinforcing its commitment to that core market. The new division will offer six lines ... Read the full article
AM Best upgrades FAIR Oil & Energy Insurance Syndicate credit ratings
17th April 2025
Credit rating agency AM Best has upgraded the credit ratings of FAIR Oil & Energy Insurance Syndicate (FOEIS), and revised the outlook to stable from positive. FOEIS’ Financial Strength Rating has been upgraded to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good). AM ... Read the full article
Aon Managing Director Paul Sykes appointed Chairman of Guernsey Finance
17th April 2025
Guernsey Finance, the promotional agency for the island’s financial services sector, has named Paul Sykes as its new Chairman. The organisation represents and supports Guernsey’s globally respected finance industry, which spans investment funds, private wealth, insurance, pensions, and banking. Sykes, Managing Director at Aon Guernsey, takes over from Deputy Lyndon Trott OBE, ... Read the full article
Optio completes acquisition of Norwegian MGA S Insurance
17th April 2025
Having received all necessary regulatory approvals, independent specialty MGA Optio Group has completed the acquisition of Norwegian-based MGA S Insurance AS (S Insurance). This transaction, previously announced in March 2025, is a further strategically significant step for Optio in creating a diversified buy-and-build platform through the acquisition of high-quality, niche ... Read the full article
TMK appoints Oliver Delaney as Departmental Head of Liability
17th April 2025
Tokio Marine Kiln (TMK), a global specialty insurer, has announced the appointment of Oliver Delaney as Departmental Head of Liability. In this new role, Delaney will focus on driving commercial opportunities and maintaining TMK's strong service offering for brokers and insureds, as the team aims to expand its liability book. Delaney brings ... Read the full article
Central & West Asian insurers turn to international reinsurance amid risks: AM Best
16th April 2025
Central and West Asian insurers are increasingly turning to international reinsurance business as they seek to diversify their domestic books and establish a presence in foreign markets—though this approach carries substantial risks, according to a recent report by AM Best. The rating agency noted that the withdrawal of Russian capacity following ... Read the full article
Xceedance appoints Subramanian Sankaran as Global COO
16th April 2025
Xceedance, a global provider of technology and digital solutions, has announced the appointment of Subramanian (Subbu) Sankaran as Global Chief Operating Officer. Sankaran brings over 30 years of experience in global operations and transformation roles, with expertise spanning insurance, healthcare, finance, procurement, and HR. He has successfully led large international teams ... Read the full article
AEGIS London doubles Digital Terrorism product capacity to $500m amid rising demand
16th April 2025
Lloyd’s syndicate AEGIS London has doubled the capacity of its Digital Terrorism Product, SHIELD (Terror), from $250 million to $500 million, an increase that reflects the growing market demand for terrorism insurance solutions. Backed by an AEGIS London-led consortium, the solution has been designed to meet the changing needs of US ... Read the full article
Lloyd’s backs BreachBits with strategic investment to strengthen cyber risk management
16th April 2025
Lloyd's, the insurance and reinsurance marketplace, has made a strategic investment in BreachBits, a cyber risk innovation company founded by former US military cyber warfare veterans. This marks Lloyd's third investment in cutting-edge solutions from alumni of its Lloyd's Lab, following BreachBits' successful participation in the accelerator program's 13th cohort, which ... Read the full article
Somerset Re to maintain discipline as life re/insurance sector evolves: CEO Iqbal
16th April 2025
In an interview with Reinsurance News, Danish Iqbal, the recently appointed CEO of Somerset Re, said the company is focused on maintaining discipline and staying true to its core capabilities as it navigates an increasingly competitive life re/insurance market and an ever-evolving regulatory landscape. Iqbal noted that despite recent market volatility, ... Read the full article
esure acquisition credit positive for Ageas: Moody’s
16th April 2025
Moody’s Ratings considers Ageas' recent acquisition of esure is credit positive, as it has the potential to enhance the Belgian insurer’s business and geographic diversification, while increasing its share of earnings from fully controlled operations. On 14 April, Ageas announced that it has reached an agreement with Bain Capital to ... Read the full article
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