Reinsurance News
Reinsurance industry sees investment yield climb to 4.4% in 2024: Gallagher Re
16th April 2025
Gallagher Re, a reinsurance and risk management firm, has released its full-year 2024 Reinsurance Market Report, highlighting an improvement in investment yield for reinsurance companies. According to the report, the total investment yield rose to 4.4% in 2024, up from 3.9% in 2023. This was driven by a higher running yield ... Read the full article
Euler ILS Partners names Alexander Loosley as Head of Capital Formation
16th April 2025
Euler ILS Partners, a Swiss-based alternative asset manager specialising in insurance-linked strategies (ILS), has appointed Alexander Loosley to its Executive Board as the new Head of Capital Formation, pending approval. Loosley brings over 30 years of experience in the investment banking industry, with a remarkable record of driving strategic growth, raising ... Read the full article
Insurers navigate risk of two-thirds weight regain with GLP-1 medications: Swiss Re
16th April 2025
Insurance companies face a growing challenge as they adapt to the rise of GLP-1 receptor agonists, such as Ozempic and Wegovy, which have proven effective in managing weight and improving obesity-related health conditions. Swiss Re, a provider of reinsurance and insurance solutions, highlights the importance of insurers integrating these treatments into ... Read the full article
NSM completes sale of US commercial insurance division to New Mountain
15th April 2025
NSM Insurance Group, a global specialty insurance provider, has completed the previously announced sale of its US commercial insurance division to New Mountain Capital, a growth-oriented investment firm. The definitive agreement for the sale was first announced in February 2025. The transaction includes NSM’s diverse portfolio of 15 niche insurance programs ... Read the full article
Lockton names Devin Beresheim as US Risk Solutions Leader to drive expansion
15th April 2025
Lockton, a privately owned independent insurance brokerage, has announced the appointment of Devin Beresheim as US Risk Solutions Leader. In this newly created role, Beresheim will oversee both the Property & Casualty and Professional and Executive Risk practices, consolidating them under a single leadership structure. He will report directly to Tim ... Read the full article
SiriusPoint and Ryan Specialty’s ISA to provide new casualty and excess solution
15th April 2025
Bermuda-domiciled insurer and reinsurer SiriusPoint has strategically collaborated with New York-based human and social service managing general underwriter (MGU), Irwin Siegel Agency (ISA), part of the Ryan Specialty family, to launch a new casualty and excess programme. The pair's latest launch will provide solutions for social and human services companies, including ... Read the full article
Vantage appoints Natalie Yuen as West Region Distribution Leader
15th April 2025
Vantage Group Holdings Ltd., a provider of insurance and reinsurance solutions, has announced the appointment of Natalie Yuen as Vice President, West Region Distribution Leader. In her new role, Yuen will lead the implementation of Vantage’s U.S. distribution strategy across the West region, with a focus on driving profitable growth and ... Read the full article
BHSI names new leaders to drive growth in E&P Lines
15th April 2025
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of two US Executive & Professional (E&P) lines leaders. Based in Chicago, Shelley Norman has been appointed US E&P Lines Field Leader, and will be working with all E&P regional underwriting teams across the US. Norman, who is bringing 30 years of experience ... Read the full article
Optalitix joins forces with SortSpoke to enhance underwriting efficiency
15th April 2025
Optalitix, a technology company specialising in data analytics and automation for the insurance industry, has announced a new partnership with SortSpoke, an AI-powered document processing platform. This collaboration enables underwriters to extract essential data from complex submissions five times faster, with full accuracy. Through this partnership, insurers will be able to process, ... Read the full article
Resilience promotes Maria Long to Chief Underwriting Officer
15th April 2025
Cyber risk company Resilience has announced the appointment of a new Chief Underwriting Officer, Maria Long, whose deep experience in cyber will help to accelerate the company’s growth. Long will report directly to George Kotsiopoulos, president of insurance, and will be responsible for leading and managing all aspects of the underwriting ... Read the full article
Reinsurers see strong revenue growth and improved CoRs in 2024: Gallagher Re
15th April 2025
At 8.1%, revenue growth in the reinsurance market remained strong in 2024, a slight increase compared to the 7.6% seen in 2023, according to reinsurance broker Gallagher Re. According to the broker’s full-year 2024 reinsurance market report, which tracks the capital and profitability of the global reinsurance sector, the growth experienced ... Read the full article
SCOR backs TOWT’s shipping project to support the energy transition
15th April 2025
SCOR's large corporate risk insurance arm, SCOR Business Solutions, is supporting a new maritime transport project by TransOceanic Wind Transport (TOWT) aimed at decarbonizing global shipping. Alongside AXA XL Insurance, SCOR Business Solutions is providing crucial support through an innovative credit insurance policy (Marine Supported Finance) brokered by Marsh for TOWT's ... Read the full article
Howden Re hires Paul Ogni as Director of Operational Solutions
15th April 2025
Howden Re, the reinsurance division of Howden, continues to expand its Capital & Operational Solutions Practice with several strategic appointments over the past year, most recently naming Paul Ogni as Director – Operational Solutions. In this new role, Ogni will support the development of a claims management advisory service. He brings over ... Read the full article
Africa Re posts strong underwriting result with CoR of 90.89% in 2024
15th April 2025
The African Reinsurance Corporation (Africa Re) reported an improved net combined ratio of 90.89% for the 2024 financial year, down from 93.51% in 2023, alongside a net underwriting profit of $87.34 million, up 59.37% from $54.81 million the year prior. The company attributed its strong underwriting performance to disciplined underwriting, improved ... Read the full article
Acrisure Re strengthens Bermuda presence with Romeo and Gordon
15th April 2025
Acrisure Re, the re/insurance division of Acrisure, has announced the appointment of Roman Romeo as President, Head of Acrisure Re Bermuda, effective April 7. Based in Bermuda and reporting directly to Michael Cross, President, Acrisure Re North America, Romeo has been tasked with leading Acrisure Re’s Bermuda team to scale the ... Read the full article
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