Reinsurance News
AM Best assigns ratings to SoteriaRe
17th February 2025
AM Best has assigned Soteria Reinsurance Ltd. a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent), with a stable outlook. Soteria Re, launched in 2023, is an incorporated Class C insurer registered in Bermuda with focus on the US retail fixed annuities and ... Read the full article
Aymeric Martin appointed Chief Risk and Resilience Officer at Allianz (AGCS)
17th February 2025
Allianz Commercial, a provider of insurance and risk management services, has announced the appointment of Aymeric Martin to the Board of Allianz Global Corporate & Specialty SE (AGCS), the legal entity of Allianz responsible for Allianz Commercial. Martin, who is currently the Chief Financial Officer of Allianz Ireland, will assume the ... Read the full article
Florida insurance market improving, challenges remain for reinsurers: TransRe’s Rhodes
17th February 2025
Florida's tumultuous insurance market is showing signs of improvement, raising hopes for some relief in upcoming June renewals, Kyle Rhodes, President, North American operations at TransRe stated during AM Best’s recent Reinsurance Briefing. Experts are cautiously optimistic, pointing to a number of factors, including reinsurance rate adjustments and legislative reforms, as ... Read the full article
Kris Westall named COO of BMS Re US
17th February 2025
BMS Group has announced the appointment of Kris Westall as Chief Operating Officer (COO) of BMS Re US, effective immediately. She will be taking over the role from John Canavan, who is retiring. “We also extend our sincere thanks to John Canavan, who is retiring as COO of BMS Re US. John ... Read the full article
Aon enters co-broking agreement with Protecdiv
17th February 2025
Aon has entered into a co-broking agreement with minority-owned enterprise (MBE) broker Protecdiv to enhance service offerings to U.S.-based public and private sector entities. According to Aon, Protecdiv is the only certified MBE, full-service insurance and reinsurance brokerage firm focused on public entity, specialty and multi-national clients in the property, casualty, ... Read the full article
Enact Re appoints Marty Scherzer as CEO
17th February 2025
Enact Re, part of Enact Mortgage Insurance Corporation, the flagship legal entity of mortgage insurer Enact Holdings, Inc., has appointed Marty Scherzer as its new Chief Executive Officer (CEO), based in New York, effective immediately. Scherzer is an industry veteran who started his career at Johnson & Higgins as a consultant. ... Read the full article
2025, the year GenAI delivers real value to the re/insurance industry: Capgemini’s Denninger
17th February 2025
2025 will be the year when GenAI starts delivering real value in the re/insurance industry, particularly in customer service, but also in other areas, according to Adam Denninger, Global Insurance Industry Leader at Capgemini. Denninger recently spoke with Reinsurance News in an interview, discussing a variety of topics, particularly AI and ... Read the full article
PPL reports strong platform performance during peak renewals season
17th February 2025
Placing Platform Limited (PPL) has reported strong platform performance and service delivery during the peak 1/1 renewals season. 2024 marked a year of significant transition for PPL, characterised by continuous platform enhancements, with a renewal season that culminated in near-faultless service standards for users during the traditionally busy renewals period, the ... Read the full article
VIG Re appoints Hong-Wha Ling as Chief People Officer
17th February 2025
VIG Re, the reinsurance arm of Prague-based Vienna Insurance Group, has announced the appointment of Hong-Wha Ling to the newly created role of Chief People Officer. The creation of this new role reflects the evolving nature of People Management at VIG Re. Ling will work across the company’s offices in Prague, Munich, ... Read the full article
McGill and Partners launches AI agent
17th February 2025
Specialty insurance and reinsurance broker McGill and Partners has launched its own AI agent, becoming the first broker in the London market to leverage Agentic AI technology through Salesforce’s AI system, Agentforce. The AI agent is integrated into Underscore, the firm’s proprietary digital platform, which connects distribution partners with London market ... Read the full article
Miller reports total revenues of £271m for 2024, reveals new brand
17th February 2025
Independent specialist insurance and reinsurance broker Miller has reported total revenues of £271 million for the full year 2024, a 13% increase from 2023, driven almost entirely by 12% organic growth. The firm's total gross written premium placed in 2024 stood at $4 billion, while the EBITDA margin remained above 30%, ... Read the full article
QBE appoints Beazley’s Fantozzi as Group Exec Technology & Operations
17th February 2025
QBE Insurance has announced the appointment of Ian Fantozzi as Group Executive, Technology and Operations, subject to regulatory approvals. Fantozzi is joining QBE after 22 years with specialist insurer Beazley, where he most recently served as CEO Beazley Digital, a role he held for almost four years. He started at Beazley as ... Read the full article
Willis and Global Parametrics announce first payout of parametric policy for coffee farmers in Vietnam
17th February 2025
Willis, a WTW business, and Global Parametrics have delivered a new parametric solution to coffee farmers in Vietnam, backed by the Natural Disaster Fund (NDF) and in partnership with Bao Minh Insurance Corporation, providing timely relief to coffee growers affected by drought. The solution was placed in early 2024 and was ... Read the full article
Volante Global appoints Martin Reith as interim CEO
17th February 2025
Volante Global, an international Managing General Agent (MGA) and Lloyd’s Syndicate, has appointed Martin Reith in the role of interim Chief Executive Officer (CEO), following his appointment at the end of last year as Executive Chairman. The firm stated this appointment aligns with its growth plan for Syndicate 1699. Reith’s extensive re/insurance ... Read the full article
IDF unveils $9.25m macroinsurance policy for drought in Syria
17th February 2025
The Insurance Development Forum (IDF) has unveiled the launch of a $9.25 million macroinsurance policy for Syria that will trigger a payout in the event of a drought in strategic food production areas. According to the IDF, this macroinsurance policy is designed to support the World Food Programme’s (WFP) operations in ... Read the full article
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