Reinsurance News
Allianz Trade appoints Matt Williams as Chief Executive Officer, UK-IE
10th April 2025
Allianz Trade, a trade credit insurer, has appointed Matt Williams as Chief Executive Officer (CEO) for UK & Ireland, effective July 1st, 2025, succeeding Sarah Murrow. Murrow will become CEO of Allianz Trade in the Americas also effective July 1st, 2025. Both appointments are subject to the standard regulatory approval requirements. Williams ... Read the full article
ACORD launches GRLC Generation 2.0 to support industry digitalisation
10th April 2025
Industry standards body ACORD has launched GRLC Generation 2.0, updating its Global Reinsurance & Large Commercial Standards to support digitalisation throughout the global re/insurance industry. Providing some background, ACORD noted that GRLC Standards have been widely used by the global re/insurance and specialty markets for years to enable efficient and effective ... Read the full article
Liberty Mutual Insurance elects Sweeney as Chairman, Long to retire
10th April 2025
The Board of Directors of Liberty Mutual Insurance has elected Timothy M. Sweeney as the Chairman of Liberty Mutual Holding Company Inc., effective April 9th, 2025. Sweeney, currently the company's President and Chief Executive Officer, will succeed David H. Long, who retires as Chairman and Director. Long has spent four decades at ... Read the full article
EU insurers likely to avoid crypto if 100% Solvency II charge adopted: Fitch
10th April 2025
A new report from Fitch Ratings has suggested that EU insurers are likely to keep their exposure to crypto assets minimal if proposals to set the Solvency II risk charge for such assets at 100% are adopted. According to the rating agency, the European Insurance and Occupational Pensions Authority (EIOPA) recently ... Read the full article
Neema appoints Sandowen Ramasawmy as Underwriter at London office
10th April 2025
Neema Insurance Managing Agency, an African specialist underwriting agency, has announced the appointment of Sandowen Ramasawmy as Underwriter at its London office. Ramasawmy brings extensive underwriting experience across multiple lines of business, including property, engineering, political violence, marine, motor, liability, and miscellaneous accidents. He underwrites risks globally, with a focus on the ... Read the full article
Resilience & Accredited partner on Tech E&O coverage for UK & Europe
10th April 2025
Cyber risk solutions firm Resilience, with the support of Accredited Insurance, has introduced coverage for Technology Errors and Omissions (Tech E&O) for clients with more than £50 million or €25 million in annual revenue in the UK and Europe, respectively. Under this coverage, Resilience protects hardware, software, telecommunications providers, and web ... Read the full article
SCOR gets $240m of retrocession protection with latest cat bond
10th April 2025
French reinsurance company SCOR has returned to the catastrophe bond market, securing $240 million of retrocession protection against named storms in the US and the Caribbean, earthquakes in the US and Canada, and European windstorms. Atlas Capital DAC (Series 2025-1) is the nineteenth cat bond from SCOR under the Atlas ... Read the full article
CG Re appoints Ramanuj Seegoolam to London broking team
10th April 2025
African reinsurer CG Re Group has announced the appointment of Ramanuj Seegoolam to its broking team in the London office. The CG Re Group announced the opening of its London office in July 2024, as part of the company’s expansion strategy to become an international and global reinsurance broker. In his ... Read the full article
Athora Netherlands facilitates pension transfers through Zwitserleven amid system overhaul
10th April 2025
Athora Netherlands, a specialist life insurer and pension provider known for supporting pension fund transitions in the Dutch market, has facilitated two major pension buyouts through its Zwitserleven brand—marking significant steps in the country's shift to the new pension system. Together, the transfers cover more than 9,500 participants and nearly €1.13 ... Read the full article
Sompo names Jason Burns as SVP, Ceded Reinsurance
9th April 2025
Jason Burns, previously of Chubb and Blue Atlantic Reinsurance, joined property and casualty (P&C) insurer and reinsurer Sompo last month as Senior Vice President (SVP), Ceded Reinsurance. Burns brings more than two decades of re/insurance industry experience to Sompo, having started his career with The Hartford in 2002 as a Financial ... Read the full article
Lincoln Financial & Bain Capital announce long-term strategic partnership
9th April 2025
Lincoln Financial and Bain Capital have announced a long-term strategic partnership, with Bain Capital acquiring a 9.9% ownership stake in Lincoln for $825 million. As part of the deal, the two companies will establish a 10-year investment management relationship. Bain Capital will serve as an investment manager across a range of ... Read the full article
Marsh introduces CyberShore Bermuda exclusive excess cyber insurance facility
9th April 2025
Marsh, an insurance broker and risk advisor within Marsh McLennan, has launched CyberShore Bermuda, an exclusive excess cyber insurance facility designed to provide Marsh clients with stronger protection and a streamlined experience. CyberShore Bermuda offers up to $30 million in follow-form excess Bermuda coverage, with a threshold starting at $75 million. The ... Read the full article
Acrisure appoints Pelsinger Chief Administrative Officer, Wassersug named CTO
9th April 2025
Global insurance broker Acrisure has announced the appointment of Mark Wassersug as Chief Technology Officer and Shawn Pelsinger as Chief Administrative Officer, effective later this month. Wassersug and Pelsinger will report to Greg Williams, Co-Founder, Chairman, and CEO of Acrisure, who commented: “As Acrisure enters its next phase of growth, Mark ... Read the full article
Botes to lead Gallagher Re’s South Africa team as Regional Director
9th April 2025
Reinsurance broker Gallagher Re has announced the appointment of Riaan Botes as Regional Director - South Africa. With 25 years of experience in reinsurance, Botes brings a wealth of expertise and leadership to his new role. The executive is joining Gallagher Re from Santam Re, where he most recently served as Head ... Read the full article
EMEA insurers exposed to secondary effects of US tariffs and geopolitical instability
9th April 2025
Fitch Ratings, a provider of credit ratings and financial analysis, has outlined the significant indirect risks facing EMEA insurers due to the ongoing US tariffs and resulting geopolitical tensions. While insurers in the region are not directly affected by the tariffs themselves, Fitch notes that they are increasingly exposed to the ... Read the full article
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