Reinsurance News
Hamilton Global Specialty names Thorp as Head of Space, Golder to lead Treaty
19th February 2025
Hamilton Global Specialty, an underwriting platform of Bermuda-domiciled Hamilton Insurance Group, has made two senior underwriting appointments, naming Mike Thorp as Head of Space and Chris Golder as Head of Treaty. In their new roles, Thorp will report to Sinead Cormican, Deputy Active Underwriter, Syndicate 4000, while Golder will report to ... Read the full article
Conduit Re posts strong growth and underwriting performance amid elevated cat activity in 2024
19th February 2025
Bermuda-based Conduit Re generated gross premiums written (GPW) of $1.16 billion in 2024, an increase of almost 25% year-on-year, as the company reports a return on equity (ROE) of 12.7% for the year despite the elevated catastrophe experience. The reinsurer states that it achieved "deliberate and targeted" growth across its three ... Read the full article
Just Group completes £16m buy-in for Deutz Retirement Benefits Plan
19th February 2025
Just Group, a specialist in retirement financial solutions, has completed a £16 million buy-in for The Deutz Retirement Benefits Plan, backed by Deutz AG, a global manufacturer of advanced drive systems with a UK presence since 1952. The transaction was completed within six weeks, enabling the Scheme to reduce risk and ... Read the full article
Ignite Specialty Risk adds Ankit Patel as US Head of Intellectual Property Underwriting
19th February 2025
Ignite Specialty Risk, a provider of litigation risk insurance, has appointed Ankit Patel as the US Head of Intellectual Property (IP) Underwriting. Patel has more than a decade of industry experience specialising in contingent legal risks and IP. His experience also includes a wide array of disciplines, including actuarial, underwriting, risk ... Read the full article
Marsh McLennan’s Mercer to acquire SECOR Asset Management
19th February 2025
Mercer, a business of Marsh McLennan, has announced it is to acquire SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. Terms of the transaction, which are subject to regulatory approvals and client consents, were not disclosed. The acquisition is expected to close in the second quarter of ... Read the full article
Canadian personal auto & property lines increased in Q4’24: Applied Systems
18th February 2025
Applied Systems has released the fourth quarter of 2024 and year-end results of the Applied Rating Index, showing year-over-year and quarter-over-quarter increases in average premium rate changes for both Personal Auto and Personal Property lines. In Q4’24, the average premium rate for Personal Auto rose 11.3% from Q4’23 and 3.9% from ... Read the full article
NEXT Insurance to enhance underwriting processes with ZestyAI partnership
18th February 2025
ZestyAI, a provider of AI-driven climate and property risk analytics, has partnered with commercial insurer NEXT Insurance to bring AI- powered risk insights to small business insurance. Under this agreement, NEXT will adopt ZestyAI’s Z-PROPERTY and Z-FIRE models to enhance its underwriting processes with precise, property-level risk insights. Attila Toth, CEO of ... Read the full article
Collaboration key to narrowing protection gap: David Howden
18th February 2025
David Howden, Founder and CEO of Howden, explains that the insurance industry, regulators, and policymakers must collaborate to bridge the insurance protection gap, safeguard financial stability, and ensure a long-term, resilient insurance market. Factors such as the frequency of pay-outs, difficulty raising premiums, and the assumption that the government will cover ... Read the full article
Berkley Re launches new Turnkey Solutions Division to drive progress in reinsurance
18th February 2025
Berkley Re, a provider of reinsurance solutions, has announced the launch of its new division, Berkley Re Turnkey Solutions, designed to deliver reinsured turnkey solutions for carriers, Managing General Agents (MGAs), Program Administrators (PAs), and InsurTech companies. This division will focus on expanding Berkley Re's reinsurance portfolio through scalable, easy-to-implement solutions, ... Read the full article
Apollo appoints Ciara Sheikh as Interim Executive Underwriter, Cargo
18th February 2025
Apollo, an independent specialist insurer and reinsurer, has announced the appointment of Ciara Sheikh as Interim Executive Underwriter, Cargo. In addition to her role as Hull Underwriter, Sheikh will lead Apollo’s Cargo team, working alongside Richard Panter. Sheikh joined Apollo in 2022 as Hull Assistant Underwriter and has served as Marine Hull ... Read the full article
Neptune Flood proposes roadmap to shift NFIP policies to private market
18th February 2025
Neptune Flood, a provider of private flood insurance in the United States, has unveiled a roadmap for transitioning National Flood Insurance Program (NFIP) policies to the private market, in order to reduce the government’s financial exposure to flood risk. In its latest report, Neptune Flood found two main structural issues that ... Read the full article
IQUW launches Ports and Terminals offering led by Ali Welchman
18th February 2025
Specialty and property re/insurer IQUW has launched a Ports and Terminals product, expanding its Marine insurance segment and reinforcing its business position. The new team, under the leadership of Ali Welchman, aims to help brokers and clients manage their risks with coverage for physical loss, damage to marine property and cargo ... Read the full article
Labuan Re names new CEO and Acting Head of Underwriting
18th February 2025
Labuan Reinsurance (L) Ltd (Labuan Re) has announced the redesignation of Encik Zaid Aziz Ibrahim, the Officer in Charge, as the new CEO & Principal Officer, and the appointment of Melissa Karim as Acting Head of Underwriting. Encik Zaid, who joined the company in 2020, was recently appointed Officer in ... Read the full article
Saudi Re and Damanat partner to improve mortgage financing with re/insurance solutions
18th February 2025
Saudi Re and Saudi Housing Guarantee Services Company (Damanat) have partnered to develop insurance and reinsurance solutions for the mortgage financing sector. They formalised their partnership through a Memorandum of Understanding (MoU). This strategic alliance aims to create innovative risk management solutions that will not only bolster the growth and stability of ... Read the full article
AI-driven Earnix Copilot launches to boost productivity and business performance
18th February 2025
Earnix, a global provider of AI-based SaaS pricing and rating solutions for financial services, has announced the launch of the Earnix Copilot, “Alix”, created to enhance productivity and performance with artificial intelligence. “This generative AI-driven agent is designed to supercharge decision-making within the Earnix platform, driving exceptional business outcomes and unmatched ... Read the full article
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