Reinsurance News
Antares reports GWP growth of 54% to $1.1bn in 2024
4th April 2025
Qatar Insurance Group’s UK and Bermuda-domiciled insurance subsidiary, Antares Group, recorded 54% year-on-year growth in gross written premiums (GWP) for 2024 in its core ongoing business to $1.1 billion, boosted by the addition of a sizeable reinsurance transaction. Organic premium growth, so excluding the reinsurance deal, was 15%. During 2024, profits from ... Read the full article
BMS Re appoints Manoela Barbi Kukli as Head of Fac Reinsurance for Brazil
4th April 2025
Insurance and reinsurance broker BMS Group has announced the appointment of Manoela Barbi Kukli as the new Head of Facultative Reinsurance for its Brazilian office, effective April 1st, reporting directly to Jose Leão, CEO of BMS Brazil. Kukli, who has been with BMS Re for nearly two years, previously served as ... Read the full article
Well-balanced reinsurance supply & demand in Greater China at 1.4 renewals: Aon
4th April 2025
Reinsurance supply and demand in Greater China are well-balanced at the start of 2025, with reinsurance conditions at the April 1 renewals building on the favourable trends seen at 1.1, according to global insurance and reinsurance broker Aon. In its recent Reinsurance Market Dynamics report, Aon noted that in the Greater ... Read the full article
SecurityScorecard & Willis partner to enhance cyber risk management
4th April 2025
SecurityScorecard has entered a strategic partnership with Willis, a WTW business, to enhance cyber risk quantification, improve insurance modelling, and strengthen security strategies for organisations globally. As part of the partnership, SecurityScorecard has named Willis its official insurance broker, reinforcing the connection between cyber risk insights and insurance strategy. The collaboration combines ... Read the full article
Sherlyn Kok joins Sompo as VP, Head of Compliance APAC
4th April 2025
Sherlyn Kok has joined Sompo Asia Pacific (APAC) as Vice President, Head of Compliance, a role based in Singapore. Reporting to Todd Corey, Executive Vice President, General Counsel, Asia Pacific, Kok will lead the regional and local-market compliance and support global compliance initiatives and activities. She will collaborate closely with local compliance, ... Read the full article
Arundo Re’s combined ratio strengthened in 2024 as turnover rose 15% to €1.36bn
3rd April 2025
Arundo Re, the French reinsurance company majority-owned by SMABTP, MACSF, and CCR, generated turnover of €1.361 billion in 2024, an increase of 15% year-on-year, as the company's undiscounted combined ratio strengthened by 1.9 percentage points to 94.7%. After reporting 13% premium growth across its portfolio at the January 1st, 2025, ... Read the full article
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
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