Reinsurance News
Carnegie-Brown named Non-Exec Director and Chair Designate at Rothesay
3rd April 2025
UK pension insurance specialist Rothesay has appointed Bruce Carnegie-Brown as independent Non-Executive Director and Chair Designate from 1st May 2025. Naguib Kheraj, who has served on Rothesay’s Board since 2014 and as Chair since 2018, will step down on June 30, 2025, and be succeeded by Carnegie-Brown on July 1, 2025. Rothesay ... Read the full article
Brit appoints former Hannover Re CEO Jean-Jacques Henchoz as a Non-Exec Director
3rd April 2025
Brit Group Holdings Limited, the global specialty insurer and reinsurer, has appointed Jean-Jacques Henchoz as a Non-Executive Director to the boards of Brit Group Holdings Limited, and its Lloyd’s managing agent, Brit Syndicates Limited. The appointment is effective May 1st, 2025, subject to regulatory approvals. Henchoz has over 27 years of experience ... Read the full article
Ascot appoints Xu Cheng as Group Head of Data Strategy & Insights
3rd April 2025
Bermuda-based global specialty insurer Ascot Group has announced the appointment of Xu Cheng as Group Head of Data Strategy & Insights. In her new role, Cheng will lead and build Ascot’s Group Data Office, overseeing the development and implementation of a global data governance framework, managing data initiatives, and collaborating with ... Read the full article
Marsh McLennan Agency expands with acquisition of Arthur Hall Insurance
3rd April 2025
Marsh McLennan Agency (MMA), a division of Marsh and a provider of business insurance, employee benefits, retirement and wealth services, and private client insurance across the US and Canada, has acquired Arthur Hall Insurance, an insurance agency based in West Chester, Pennsylvania, with financial details of the acquisition not disclosed. Founded ... Read the full article
ACIC completes sale of personal lines subsidiary Interboro to Forza
3rd April 2025
American Coastal Insurance Corporation (ACIC), a property and casualty insurance holding company, has completed the sale of its personal lines subsidiary, Interboro Insurance Company, to Forza Insurance Holdings, LLC. ACIC first announced the sale of New York-based Interboro in May 2024, marking the completion of the run-off of its personal ... Read the full article
MAIF enhances climate Risk modelling with Moody’s high-definition risk model
3rd April 2025
MAIF (Mutuelle assurance des Instituteurs de France), a mutual insurer serving over four million households, associations, businesses, and communities across France, is enhancing its ability to assess and manage climate risks through Moody’s advanced risk modelling solutions. Through this collaboration, MAIF will gain access to Moody’s RMS high-definition risk models, focusing ... Read the full article
American Integrity promotes Ryan Hodges to SVP, Risk Management
3rd April 2025
American Integrity Insurance Group, a provider of residential property insurance in Florida, has promoted Ryan Hodges to Senior Vice President (SVP) of Risk Management. The insurer stated that Hodges has helped the company manage several challenging hurricane and reinsurance seasons in Florida, Georgia, and South Carolina. In the new role, he will ... Read the full article
Aon expects over $7.5bn of additional US property cat reinsurance demand at mid-year renewals
2nd April 2025
As reinsurance capital continues to grow and keep pace with increasing demand from buyers, broking group Aon's Reinsurance Solutions arm expects more than $7.5 billion of additional US property catastrophe limit demand at the mid-year renewals. The June and July reinsurance renewals are key for the US property cat market, and ... Read the full article
Berkshire (BHSI) promotes Gormley to Country Manager and Reddin to Head of E&P, Ireland
2nd April 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has appointed Caoimhe Gormley as Country Manager and Ciaran Reddin as Head of Executive & Professional (E&P) Lines in Ireland. In her new role, Gormley succeeds Louise Kidd, who was recently named Head of Underwriting, ... Read the full article
11 InsurTechs join Lloyd’s Lab Accelerator programme
2nd April 2025
Insurance and reinsurance marketplace Lloyd's has revealed the 11 InsurTechs that have secured a place in the 14th Cohort of the Lloyd's Lab Accelerator programme. The teams chosen include Faura, Satva Trust, QualRisk, Ocean Ledger, Novella, Testudo, Circuit Security, GWT Insight, Unwind Finance, 7Analytics AS, and reinsurance technology platform Supercede Technology, ... Read the full article
Roos to succeed Reeves as CEO of Bowring Marsh Bermuda
2nd April 2025
Marsh, an insurance broker and risk advisor and a subsidiary of Marsh McLennan, has announced Lindsay Roos will succeed Christopher Reeves as CEO of Bowring Marsh Bermuda, its Bermuda-based international placement specialist, effective immediately. Reeves is to remain Chairman. In her new role, Roos will report to Adam Russell, Head of ... Read the full article
Casualty (GTPL) in Japan remained a challenging class at April 1 renewals: Gallagher Re
2nd April 2025
Casualty General Third Party Liability (GTPL) in Japan at the April 1st, 2025, reinsurance renewals remained a challenging class of business, with excess-of-loss programmes with no loss emergence experiencing flat rates to up 5%, according to reinsurance broker Gallagher Re. In a recent report, Gallagher Re noted that cedents' significant efforts ... Read the full article
Brokerslink expands network with new members in Mauritania and Ivory Coast
2nd April 2025
Broking network Brokerslink has welcomed new members from Mauritania and the Ivory Coast, further strengthening its presence in Africa. With these additions, Brokerslink now has broking partners and affiliates in 41 countries across the continent. Mauritanian firm Rema Broking offers a range of personal and commercial insurance services, with expertise in health, ... Read the full article
Mercury expects reinsurance rates to increase as it seeks more limits at July ’25 renewal
2nd April 2025
California-based insurer Mercury General expects to purchase more catastrophe reinsurance protection at its July 2025 renewal and anticipates the recent approval for a 12% rate increase in its California Homeowners business to help offset an expected rise in reinsurance expenditure. For 2024-2025, Mercury increased its total reinsurance limit from $1.111 billion ... Read the full article
Markel appoints Erik Johnson as Head of Technical Underwriting and Oversight
2nd April 2025
Markel, the insurance arm of Markel Group Inc., has announced the appointment of Erik Johnson as Head of Technical Underwriting and Oversight, effective immediately. In this newly created position, Johnson will lead the International Technical Underwriting team, setting and upholding high standards for technical underwriting across the organisation. He will also oversee ... Read the full article
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