Reinsurance News
North American insurers poised to withstand current market volatility: S&P
11th April 2025
North American insurers’ robust capital and liquidity buffers will allow them to withstand the current market volatility, including tariff-related downturns, without an immediate impact to ratings or outlooks, S&P Global Ratings highlighted in a recent report. Global markets were significantly impacted by the US administration's announcement of sweeping tariffs and the ... Read the full article
BHSI names North America casualty leaders
11th April 2025
Berkshire Hathaway Specialty Insurance Company (BHSI), a division of Warren Buffett's Berkshire Hathaway, has announced a number of leadership moves in its North America casualty business. Based in Chicago, Matt Hale will be overseeing BHSI’s regional casualty underwriting teams across the country as Head of U.S. Casualty Underwriting Operations. In this new ... Read the full article
Capital flows & Florida reforms point to lower pricing at June 1 renewals
11th April 2025
Given the recent strong results that are driving capital flows, along with Florida reforms that have proven highly effective, analysts from Citizens JMP Securities expect pricing at the June 1 renewals to decrease modestly. Readers will know that June 1 is particularly significant, as it marks a key opportunity for insurers ... Read the full article
Generali GC&C promotes Pignoli to Head of ART & Parametrics
11th April 2025
Italian insurance giant Generali’s Global Corporate & Commercial (GC&C) business unit has promoted Michele Pignoli as Head of Alternative Risk Transfer (ART) and Parametrics. Pignoli has over 13 years of insurance industry experience, having most recently served as the Global Head of Parametric Products & Solutions at GC&C. Before this, he was ... Read the full article
April US floods & SCS to drive hundreds of millions in insured losses: Aon
11th April 2025
Persistent flooding and severe weather across parts of the Mississippi River Valley from April 2 to 7 are expected to result in insured losses reaching into the hundreds of millions of USD, according to Aon’s weekly catastrophe report. Continuous storm development along a stagnant frontal boundary during this period brought heavy ... Read the full article
A. J. Gallagher completes acquisition of Woodruff Sawyer
11th April 2025
Global insurance brokerage Arthur J. Gallagher & Co. has announced that it has completed its acquisition of San Francisco, California-based Woodruff Sawyer. Woodruff Sawyer is a brokerage and consulting firm offering a full suite of commercial property and casualty products, employee benefits solutions, and risk management services, with a focus on ... Read the full article
Markel promotes Matthew Brooke to Senior Underwriter of War and Terrorism
11th April 2025
Markel, the insurance operations within Markel Group Inc., has announced the promotion of Matthew Brooke to Senior Underwriter, War and Terrorism, effective immediately. In his new role, Brooke will be responsible for driving the profitable expansion of the International War and Terrorism portfolio, by identifying gaps in political violence coverage and ... Read the full article
Helios Underwriting NAV per share increases 13% in 2024
11th April 2025
Lloyds-focused investment vehicle Helios Underwriting has reported its unaudited Net Asset Value (NAV) per share has increased by 13%, to £2.14 - £140,101 million in Net Assets - for the quarter to December 31, 2024. Comparably, Helios’ unaudited NAV per share in 2023 increased to £1.85 – £137.2 million in ... Read the full article
Aon appoints Erlantz Urbieta as Chief Broking Officer for EMEA
11th April 2025
Global insurance and reinsurance broker Aon has appointed Erlantz Urbieta as Chief Broking Officer (CBO) for Europe, the Middle East and Asia (EMEA), effective immediately. Urbieta succeeds Terence Williams, who will assume the role of Head of Commercial Risk in APAC. In the new role, Urbieta will have a dual reporting line ... Read the full article
Reinsurers to weather tariff-induced market volatility with minimal impact: S&P
11th April 2025
Global reinsurers will experience only a minor impact from declines in global equity markets triggered by tariffs and counter-tariffs imposed by the U.S. and other nations, thanks to their conservative investment strategies, says S&P. Last week, President Trump introduced a broad tariff plan that aimed to reshape global trade dynamics and ... Read the full article
Ethos Capital, BCI & White Mountains acquire stake in broker BroadStreet
11th April 2025
An investor group led by Ethos Capital, British Columbia Investment Management Corporation (BCI), and White Mountains Insurance Group will acquire an ownership position in BroadStreet Partners. Under the terms of the agreement, Ontario Teachers’ Pension Plan will maintain a significant co-control stake and operate in partnership with the Ethos-led investor group. BroadStreet ... Read the full article
Kay Swinburne named Independent Chair of ABI
11th April 2025
Baroness Kay Swinburne has been appointed as the new independent Chair of the Association of British Insurers (ABI), taking over from Baroness Nicky Morgan, who was the inaugural holder of the position. The role of independent Chair was introduced in 2021, alongside the position of independent Non-Executive Director, with the aim ... Read the full article
Rising civil unrest and protest activity become key concerns for insurers: Allianz Commercial
11th April 2025
Civil unrest and protest activity have become a key concern for companies and insurers around the world, a recent report by Allianz Commercial has revealed. According to the Allianz Risk Barometer 2025, businesses have ranked political risks and violence as a top 10 global risk for the past three years, with ... Read the full article
Skuld appoints Thea Thorstensen & Nicola Kingman to key roles
11th April 2025
Global marine insurer Skuld has appointed Thea Thorstensen to its global business development team and Nicola Kingman as Global Head of Yachts. Thorstensen has been with Skuld for over a decade, holding various roles including Underwriter Executive, VP, Head of Underwriting for Skuld Oslo1, and most recently Senior Vice President, Head ... Read the full article
Lloyd’s approves OAK Re’s increased business plan for Syndicate 2843
10th April 2025
London-based reinsurance firm, OAK Re has received Lloyd’s approval to increase the 2025 business plan of Syndicate 2843 to over $400 million of gross written premium. OAK Re's syndicate business forecast (SBF) was resubmitted after the company exceeded its own expectations for the first quarter of 2025. Chief Executive Officer and Founder, ... Read the full article
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