Reinsurance News
April US floods & SCS outbreak to cause insured losses up to $3bn: Gallagher Re
14th April 2025
Reinsurance broker Gallagher Re has pegged preliminary insured losses from the persistent flooding and severe weather across the central and southern US in early April at between $1 billion and $3 billion, but warns that this initial range is subject to change. The loss estimate range provided by the broker combines ... Read the full article
Brenden Beeg joins Amwins as VP for Alternative Risk
14th April 2025
Brenden Beeg has joined Amwins, a distributor of specialty insurance products and services, as Vice President - Alternative Risk. In his new role, he will be working alongside Alex Kaplan, Amwins’s Executive Vice President for Alternative Risk, and Taylor Kwong-Wright, who serves as Associate Broker, Alternative Risk. Beeg is joining Amwins from ... Read the full article
Moody’s revises Peak Re’s outlook to positive
14th April 2025
Moody’s Ratings has changed the outlook of Peak Re to positive from stable, citing that the contagion risk from the reinsurer's majority shareholder, Fosun International Limited, is declining. According to the rating agency, the contagion risk, particularly in the form of strain on business growth and financial flexibility, is expected to ... Read the full article
Canopius appoints Andrew Ziolkowski as Head of ANZ
14th April 2025
Canopius Group, a global specialty and P&C insurer and reinsurer, has appointed Andrew Ziolkowski as its new Head of Australia and New Zealand (ANZ), effective October 25th, 2025. He succeeds Craig Elliot, who has served as interim head of the Australia business since December 2024. Elliot will continue at Canopius as ... Read the full article
Aon’s new US well-plugging solution to help mitigate risk in carbon credit market
14th April 2025
Aon’s Climate Risk Advisory and environmental risk solutions teams have developed a new specialty insurance product to cover liabilities and mitigate the risk associated with the plugging of abandoned oil and gas wells in the US. The new Plug and Well Exit Liability product, created in collaboration with U.S. environmental firm ... Read the full article
Stable outlook for UK non-life insurance sector reflects resilient fundamentals: AM Best
14th April 2025
The United Kingdom's non-life insurance sector is expected to remain on stable footing in the near term, according to credit rating agency AM Best, which recently reaffirmed its outlook for the market. One of the more significant developments in late 2024 was the upward revision of the Ogden discount rate, which ... Read the full article
Gallagher Re appoints Tom Dixon as Head of Legacy UK
14th April 2025
Reinsurance broker Gallagher Re has announced the appointment of Tom Dixon as Head of Legacy UK. Dixon brings 20 years of experience in insurance and transactions, beginning in insurance audit and transaction services before transitioning into non-life legacy acquisitions. He joins Gallagher Re from Perigon Re, where he was Managing Director. Prior ... Read the full article
Munich Re Specialty completes sale of GJW Direct to Ripe
14th April 2025
Munich Re Specialty, part of the Munich Re Group insurance operations, has completed the sale of boat insurance specialist GJW Direct to Ripe. The deal, first announced in October 2024, marks the transfer of GJW Direct after more than 20 years as part of Munich Re Specialty. The decision to sell ... Read the full article
Trevor Oates joins Africa Specialty Risks as Head of Reinsurance
14th April 2025
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has appointed Trevor Oates as Head of Reinsurance. Oates joins ASR from Canopius, where he spent 25 years in a range of underwriting roles, most recently as a treaty underwriter. Before Canopius, Oates spent seven years at Aon, having begun his career in ... Read the full article
Sompo Asia Pacific names Pui Ying Fun as VP, Regional Treasurer APAC
14th April 2025
Sompo Asia Pacific has announced the appointment of Pui Ying Fun as Vice President, Regional Treasurer, Asia Pacific (APAC). In her new role, Fun will be responsible for managing Sompo’s financial resources, ensuring liquidity, helping optimise capital structure, and mitigating financial risks across APAC. She will collaborate closely with the regional and ... Read the full article
Ageas to acquire esure from Bain Capital for £1.3bn
14th April 2025
Ageas has agreed with Bain Capital to acquire esure, a digital UK personal lines insurer, for a cash consideration of £1.295 billion. Ageas suggested that the acquisition will strengthen its presence in European markets by adding a controlled entity, enhance its positioning in the UK, create shareholder value through expected synergies, ... Read the full article
CLARA Analytics and Guidewire integration delivers millions in claims savings for insurers
14th April 2025
CLARA Analytics, a provider of artificial intelligence (AI) solutions for claims optimisation, has announced that its integration with Guidewire ClaimCenter has delivered measurable success, significantly enhancing claims workflows and financial outcomes for insurers. One longstanding CLARA customer has already seen remarkable benefits from the combined solution. With CLARA’s AI-driven insights now embedded ... Read the full article
DLA Piper appoints Charles Rix to International Insurance team
14th April 2025
DLA Piper, a global law firm, has appointed Charles Rix to its International Insurance team, based in London. Rix's appointment aligns with DLA Piper's growth strategy and strengthens its insurance sector bench. In the role, he will use his technical knowledge and experience to focus on supporting the wider European and global ... Read the full article
Aon introduces profitable growth tool to help insurers achieve sustainable growth
11th April 2025
Aon plc, a provider of professional services, has introduced the Profitable Growth Tool, a new benchmarking and advisory service aimed at assisting insurers in identifying and cultivating key traits that enhance their value to customers and shareholders. Developed by Aon’s Strategy and Technology Group, this tool builds upon the firm’s Growth ... Read the full article
Apex Star enters Florida insurance market
11th April 2025
Florida insurers regulators have approved Apex Star Reciprocal Exchange as the 12th insurer to enter the state since legislative reforms were passed in the last two years to stabilise the market. Apex Star Reciprocal Exchange is a property and casualty insurer part of Starlight Insurance Group, based in New Port Richey, ... Read the full article
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