Reinsurance News
W/R/B Underwriting becomes Berkley Specialty London in major rebrand
6th June 2025
W/R/B Underwriting, a specialty insurance provider, has officially rebranded to Berkley Specialty London, a move that reflects a deeper alignment with the globally recognised Berkley brand. The transition to Berkley Specialty London underscores the firm’s ongoing commitment to providing exceptional underwriting and claims handling expertise, ensuring long term stability, and service ... Read the full article
Reinsurance industry ‘better protected than ever’ for hurricane season: JP Morgan
6th June 2025
The global reinsurance industry is better protected than ever against large hurricane losses, according to JP Morgan’s recent Love Actuary report. According to analysts, a robust capital base, increased market capitalisations of the largest reinsurers, and improved profitability mean that an event the size of Hurricane Katrina would have a far ... Read the full article
AM Best maintains stable outlook on South Korea’s non-life insurance market
6th June 2025
Credit rating agency AM Best has maintained its stable outlook on South Korea’s non-life insurance segment, citing continued improvement of the country’s domestic solvency standards, which have helped strengthen insurers’ capital management practices. Additional factors include moderate growth in the long-term and general insurance segments, and efforts to improve profitability in ... Read the full article
Markel partners with Insurate to enter middle-market workers comp. sector
6th June 2025
Markel Insurance, the insurance arm of Markel Group Inc., has entered into a strategic collaboration with Insurate, an insurtech specialising in the middle-market workers' compensation sector. Markel explained that, after careful market analysis and due diligence, it identified Insurate as the right market entry partner, recognising its combination of deep industry ... Read the full article
PERILS places final industry loss from southern Germany floods at €1.564bn
6th June 2025
Zurich-based catastrophe insurance data provider PERILS has released its fourth and final industry loss estimate for the floods that struck southern Germany between 31 May and 6 June 2024, placing the insured market loss at €1.564 billion. The final figure is reportedly composed of personal lines property losses, which represent 63% ... Read the full article
Chubb appoints Doug White as SVP Asia Pacific
6th June 2025
Global insurer Chubb has announced the appointment of Doug White as Senior Vice President (SVP), Asia Pacific. White brings over 30 years of industry experience, including more than 25 years based in the Asia-Pacific region. He joined Chubb in 2014 as Country President for Hong Kong, Taiwan, and Macau, and has served ... Read the full article
Meghani to succeed Sheppard as Head of Property Treaty & Retrocession, OdysseyRe London
6th June 2025
Nisha Meghani has been appointed Head of Property Treaty & Retrocession for OdysseyRe London. The appointment of Maghani follows the recent announcement of Matthew Sheppard's elevation to the position of Deputy Chief Underwriting Officer at OdysseyRe’s London branch. Meghani succeeds Sheppard in her new position, continuing the firm’s strategy of strengthening ... Read the full article
HIVE expands into space insurance with Kenneally appointment
6th June 2025
Independent specialty managing general agent (MGA) HIVE Underwriters has expanded into space insurance with the appointment of leading underwriter, Jack Kenneally, as Class Underwriter. This move complements HIVE’s existing aviation offering, signalling a significant phase in the MGA’s growth strategy. Kenneally has been part of London market’s most respected space insurance portfolios, ... Read the full article
Blink Parametric names Brian Barter as Chief Executive Officer
6th June 2025
Insurtech Blink Parametric has announced the appointment of Brian Barter as Chief Executive Officer with immediate effect, succeeding Sid Mouncey, who will remain with the company as Chief Commercial Officer. In his new role, Barter has been tasked with accelerating Blink’s strategy to drive the company’s growth. This move underscores the ... Read the full article
Everest names Ashleigh Sears Head of Alternative Risk and Accounts Excess Casualty
6th June 2025
Everest, a provider of reinsurance and insurance solutions, has named Ashleigh Sears as Head of Alternative Risk and National Accounts Excess Casualty for its North America Insurance division, reporting to Joe Fobert, Head of North America Retail Casualty and Industry Practices at Everest Insurance. Sears joins Everest from USQRisk, where she ... Read the full article
IDF & Bridgetown Initiative partner to drive integration of insurance into vulnerable communities
6th June 2025
The Insurance Development Forum (IDF) and the Bridgetown Initiative have partnered to drive deeper integration of insurance into the international financial architecture (IFA) as a key part of the toolkit for enhancing resilience in Emerging Markets and Developing Economies (EMDEs). The Bridgetown Initiative is a global campaign that advocates for the ... Read the full article
INTX Insurance Software expands to North America, offering a unified P&C platform
6th June 2025
INTX Insurance Software, a provider of a fully integrated solution for the entire property and casualty (P&C) insurance policy lifecycle, has launched its insurance policy administration platform in North America, following two decades of use in markets including the UK, Europe, the Caribbean, Bermuda, and Africa. The platform is positioned as ... Read the full article
Atrium adds Kate Gordge as Marine Hull and War Underwriter
6th June 2025
Atrium, a specialty insurer at the Lloyd’s insurance and reinsurance marketplace, has expanded its team with the addition of Kate Gordge as Marine Hull and War Underwriter. Gordge will work closely with Mike MacColl and the wider marine team to deliver underwriting services to brokers and clients in the Lloyd’s market. Most ... Read the full article
Renewal rates up YoY for all commercial lines except Workers’ Comp in May: Ivans
5th June 2025
Ivans, a division of Applied Systems, has released the May 2025 results of the Ivans Index, showing that average premium renewal rates increased year over year across all major commercial lines of business except Workers’ Compensation. Month over month, Commercial Auto, General Liability, and Commercial Property saw increases in premium renewal ... Read the full article
MassMutual adds former Liberty Mutual CEO David Long to Board of Directors
5th June 2025
Massachusetts Mutual Life Insurance Company (MassMutual), a mutual life insurance company that provides financial protection, retirement, and investment solutions, has announced the appointment of David Long, former Chairman and CEO of Liberty Mutual Insurance, to its Board of Directors. “David’s exceptional track record of leadership and driving global growth, as well ... Read the full article
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