Reinsurance News
Global cyber premium to more than double by 2030: Munich Re
3rd April 2025
Despite cyber premium growth slowing in the past two years, Munich Re has suggested that global premium volume will more than double by 2030, growing at an average annual growth rate of more than 10%. According to estimates by the reinsurer, the global cyber insurance market premium totaled $15.3 billion in ... Read the full article
Florian Happ named Cyber Team Lead for Munich Re US
3rd April 2025
Global reinsurer Munich Re has announced the appointment of Florian Happ as the new Cyber Team Lead for Munich Re US. Happ has been with Munich Re for 16 years, having joined in 2009. During his tenure, he has held various underwriting roles, including Underwriting Casualty Treaty Reinsurance for US and ... Read the full article
Japan’s cyber insurance market continues to grow amid flat reinsurance demand: Gallagher Re
3rd April 2025
The Japanese cyber insurance market continues to grow, albeit at a slower pace compared to previous years, driven by the increasing number of policyholders, according to reinsurance broker Gallagher Re’s recent market analysis. Gallagher Re's April 1 renewal report shows that overall, the global reinsurance market showed increased capacity and ... Read the full article
Jody Yee to lead WTW’s Alternative Risk Transfer Solutions team in the Americas
3rd April 2025
Global advisory, broking, and solutions firm WTW has announced the appointment of Jody Yee as Head of Alternative Risk Transfer Solutions in the Americas. Yee will leverage his significant industry experience and a focus on developing innovative and tailored risk management solutions to deliver WTW clients tailored alternative risk transfer (ART) ... Read the full article
K2 Cyber launches for SMB cyber insurance
3rd April 2025
K2 Insurance Services, an independent specialty insurance program manager, has launched K2 Cyber, a managing general agent (MGA) focused on SMB Cyber Insurance. K2 Cyber provides Intelligent Cyber Insurance, combining continuous risk engineering, advanced prevention tools, and comprehensive cyber education. This data-driven approach leverages AI, behavioral analytics, real-time threat intelligence, SaaS integrations, ... Read the full article
Skyline and the European Space Agency partner on parametric wildfire and drought solutions
3rd April 2025
Skyline Partners Ltd., a parametric outsourcing platform provider, has launched a joint project with the European Space Agency to utilise space assets and technology to efficiently provide parametric insurance products for drought and wildfire risks globally. The Business Applications and Space Solutions programme of the European Space Agency will be heading ... Read the full article
PwC appoints Hugh Man as Partner in Corporate Finance team
3rd April 2025
PwC has announced the appointment of Hugh Man as a Partner in its Corporate Finance team, based in the company’s London office. In his new role, Man will focus on M&A and capital raising in the insurance sector, further strengthening PwC’s established presence in this field. Man brings 20 years of experience ... Read the full article
Insurers to navigate any challenges arising from new tariffs: KBW
3rd April 2025
Analysts at KBW have indicated that insurers should be able to navigate any challenges arising from the recently announced U.S. tariffs, with industry players likely having ample time to request rate increases, which state regulators are generally expected to approve. In what U.S. President Donald Trump described as the beginning of ... Read the full article
AXA XL announces two promotions within Americas Cyber Insurance team
3rd April 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has promoted Greg Chambers and Caitlin Alpern within its Americas Cyber Insurance team. Chambers, who has 22 years of experience and has been with AXA XL for nearly a decade as both an underwriter and broker, ... Read the full article
Strong performance for global P&C reinsurers in 2024, with challenges ahead: Morningstar DBRS
3rd April 2025
Morningstar DBRS, a provider of credit ratings, research, and risk analysis, highlights that global P&C reinsurers delivered strong profitability in 2024, driven by favourable underwriting conditions and solid investment income, but warns of potential challenges ahead amid market volatility, geopolitical risks, and natural catastrophe events. Morningstar DBRS has shared commentary on ... Read the full article
Howden names Brigitte Trafford as Group Chief Corporate Affairs Officer
3rd April 2025
Global insurance and reinsurance broker Howden has appointed Brigitte Trafford to the newly created role of Group Chief Corporate Affairs Officer, effective immediately. In the role, Trafford will report directly to David Howden, the Chief Executive Officer, and join the Global Leadership Team. She will lead the broker's brand and marketing, communications, ... Read the full article
Vivere to fund strategic expansion with new $7.5m investment
3rd April 2025
Specialty insurance platform Vivere Partners has secured $7.5 million in Series A funding, led by General Catalyst, Pathlight Ventures and Greenlight Re, to drive strategic expansion. The funding will also be used to recruit top underwriting talent and develop advanced technology infrastructure. Founded by insurance and engineering experts, and led by Chris ... Read the full article
Specialty MGAs Nirvana and Pulse to merge
3rd April 2025
Specialty Managing General Agents (MGAs) Nirvana and Pulse have announced plans to merge. Pulse specialises in non-standard Accident, Health, and Life insurance, offering coverage to individuals often declined by mainstream insurers. Nirvana underwrites a global portfolio across Media Errors & Omissions (E&O), Tech E&O, Cyber, and Warranty & Indemnity insurance and is ... Read the full article
Ariel Re appoints Rohan Pai as Chief Financial Officer
3rd April 2025
Global reinsurer Ariel Re has announced the appointment of Rohan Pai as Chief Financial Officer, effective April 1st, 2025. Based in Bermuda, Pai will oversee Ariel Re’s financial reporting and treasury functions, supporting the company’s growth and its commitment to being the Premier Manager of Reinsurance Risk. Pai brings nearly 25 years ... Read the full article
Verisk acquires Nasdaq subsidiary Simplitium Limited
3rd April 2025
Data analytics and technology provider Verisk has acquired Nasdaq subsidiary Simplitium Limited, which owns and operates Nasdaq Risk Modelling for Catastrophes (NRMC). Verisk described NRMC as a SaaS platform fostering an open ecosystem where specialised model partners share models, hazard data, and analytics to help bridge the global insurance protection gap. Built ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
