Reinsurance News
Attractive returns amid property cat reinsurance rate pressure: Peel Hunt
27th May 2025
Property catastrophe reinsurance post Q1 2025 results indicate that while there is ongoing rate pressure, market discipline and strong cedent demand are helping to maintain a healthy balance for the property catastrophe reinsurance market, according to a recent Peel Hunt analyst report. The report highlights that rate adequacy and returns on ... Read the full article
AM Best revises MS Reinsurance’s credit rating outlook to positive
27th May 2025
AM Best has revised the outlook for the Long-Term Issuer Credit Rating of MS Reinsurance to positive from stable, reflecting the company's increasing significance within the MS&AD group and its improving financial performance. The rating agency has also affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICR ... Read the full article
SiriusPoint appoints Philip Enan as Chief Strategy & Corporate Development Officer
27th May 2025
Bermuda-based insurer and reinsurer SiriusPoint has announced the appointment of Philip Enan as Chief Strategy and Corporate Development Officer. Based in New York, Enan joins the company’s Executive Leadership Team and will report to Chief Executive Officer Scott Egan. In his new role, Enan will lead SiriusPoint’s strategy development process and explore ... Read the full article
ICA declares NSW floods ‘Insurance Catastrophe’ as claims received nears 5,000
27th May 2025
The Insurance Council of Australia (ICA) has upgraded the Mid North Coast and Hunter flooding event classification to an "Insurance Catastrophe" due to updated feedback on ground information about local event severity. So far, insurers have received 4,900 claims from the event, which has seen flooding in the Mid North Coast ... Read the full article
VIG posts 8.3% rise in GWP to €4.65bn in Q1’25
27th May 2025
Vienna Insurance Group (VIG) has reported an 8.3% increase in gross written premiums (GWP) to EUR 4.65 billion for the first quarter of 2025, driven by growth across all lines of business. The highest premium growth rates were seen in the Special Markets (+25.4%), Poland (+13%), and Extended CEE (+10.3%) segments, ... Read the full article
Slide files for IPO to support expansion and policy growth
27th May 2025
Slide Insurance has filed with the SEC for an initial public offering and intends to use the net proceeds to underwrite additional policies, fund its business growth, and support general corporate purposes. While the technology-enabled insurance firm has not disclosed the expected price range or number of shares to be offered, ... Read the full article
Insurance Advisory Partners names Joe Plumeri as Chairman
27th May 2025
Insurance Advisory Partners (IAP), an investment bank dedicated to the insurance, insurance services, and insurtech sectors, has announced the appointment of Joe Plumeri as Chairman. His appointment will take effect on September 1, 2025. In addition to assuming this new leadership role, Plumeri will also become an investor in the firm. Plumeri ... Read the full article
AM Best affirms stable outlook for Spain’s non-life insurance segment
27th May 2025
AM Best has affirmed its Stable outlook for Spain’s non-life insurance segment, citing a number of positive trends that are expected to help improve the sector's performance. These include the increasing prominence in health and catastrophic risks, which AM Best argues is reshaping the competitive landscape; the ongoing motor insurance pricing ... Read the full article
Ping An introduces AI-powered “EagleX” to strengthen climate risk management worldwide
27th May 2025
Ping An Insurance (Group) Company of China, Ltd., an integrated financial services providers with a presence in insurance, banking, and asset management, has launched the international edition of its risk mitigation platform, "EagleX," through its subsidiary Ping An Property & Casualty Insurance (P&C). This advanced platform offers global users detailed disaster ... Read the full article
Ortiz joins Gallagher’s global aerospace practice as US Head of Aerospace Claims
27th May 2025
Insurance and reinsurance brokering group Gallagher has announced the appointment of Sherry J Ortiz as US Head of Aerospace Claims in its global aerospace practice, a role based in the US. Ortiz is a qualified pilot with a proven track record managing complex litigation across major airline, manufacturing, and general aviation ... Read the full article
Venbrook promotes Jeff Lang to President, Retail P&C
27th May 2025
Venbrook Group, LLC, an independent insurance distribution and services firm in the US, has promoted Jeff Lang to the newly created position of President, Retail Property & Casualty. In his new role, Lang will continue the successful growth momentum and lead Venbrook's retail division and guide the firm's national strategy across ... Read the full article
MSITB and MSIG Thailand expand Thailand bancassurance with Bank of China & CPIC partnership
27th May 2025
Mitsui Sumitomo Insurance Thailand Branch (MSITB) and MSIG Thailand have partnered with Bank of China (BOC Thai) and China Pacific Insurance (CPIC), to expand a strategic bancassurance alliance in Thailand. Having signed a Memorandum of Understanding (MOU), the three organisations will collaborate to enhance the distribution of comprehensive insurance products through ... Read the full article
Aon promotes Reeve-Tucker to head of fac reinsurance for Latin America
23rd May 2025
Global insurance and reinsurance broker Aon has announced the appointment of Luke Reeve-Tucker as head of facultative reinsurance for Latin America, effective May 27, 2025. In this expanded role, he will continue to lead Caribbean facultative reinsurance and will be responsible for overseeing strategy, client engagement, and solution development across both ... Read the full article
Peak Claims Group and Canopy Weather partner to enhance Peak Triage platform
23rd May 2025
Peak Claims Group, an independent claims management firm, has announced a strategic partnership with Canopy Weather, a provider of hyper-localised weather analytics, to enhance its Peak Triage platform. Peak Triage is a proprietary claims approach that leverages real-time data to triage claims at first notice of loss. With the integration of Canopy ... Read the full article
Lockton welcomes Jeff Miller as National Practice Leader to boost People Solutions
23rd May 2025
Lockton, a privately held insurance brokerage, has announced the appointment of Jeff Miller as National Practice Leader for the Stop Loss and Pharmacy practices. Miller returns to the firm with more than 30 years of experience and a proven history of developing solutions tailored to meet evolving client needs. His return comes ... Read the full article
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