Reinsurance News
The Hartford appoints new executives and restructures technology and operations divisions
31st March 2025
The Hartford, a provider of insurance and financial services, has announced significant changes within its executive team and the introduction of a new organisational structure for its Technology and Operations functions. Shekar Pannala has been appointed as the company’s Chief Information Officer (CIO), where he will oversee the Technology division, including ... Read the full article
SureGo receives Delegated Claims Authority from Lloyd’s
31st March 2025
The North American and European operations of SureGo Administrative Services (SureGo), a sister company of Trawick International and a third-party administrator for international and special risk insurance, have received Delegated Claims Authority (DCA) from Lloyd’s, the global insurance and reinsurance marketplace. As an approved Lloyd’s DCA, SureGo can administer accident and ... Read the full article
Allianz Trade’s Global Head of Reinsurance Benoît des Cressonnières to retire
31st March 2025
Allianz Trade, a trade credit insurer, has announced the retirement of Benoît des Cressonnières, Global Head of Reinsurance of Allianz Trade and Chief Executive Officer (CEO) of Euler Hermes Reinsurance AG, on September 30th, 2025. Philippe Dessèvre, currently Chief Financial Officer (CFO) of Allianz Trade in DACH, a role he has ... Read the full article
Lockton’s new Professional & Executive Risk practice to transform its global financial lines business
31st March 2025
Independent insurance broker Lockton has announced the launch of Professional and Executive Risk, which integrates US-based Lockton Financial Services (LFS) and International ProFin teams under a single, global practice. Bringing together the expertise of over 750 talented Associates worldwide onto a single platform, this strategic integration will further enrich Lockton's ability ... Read the full article
The Fidelis Partnership’s Pine Walk hires Tim Morgan to launch new A&H MGA
31st March 2025
Pine Walk Capital Limited, the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), has hired Tim Morgan to launch a new Accident & Health MGA. The new MGA is expected to launch later in 2025, subject to regulatory approvals, targeting a broad portfolio of global A&H business ... Read the full article
Rothesay, Pacific Life Re & PFI partner on Lloyds Banking Group pension longevity transaction
31st March 2025
Lloyds Banking Group Pensions Trustees Limited has entered into its third and fourth longevity hedging insurance and reinsurance transactions, protecting in aggregate a further £5.1 billion of liabilities. This arrangement will further protect the Lloyds Banking Group pension schemes from the financial impact of increasing life expectancy among its members. The new ... Read the full article
Peak Re generates $187m net profit for 2024
31st March 2025
Hong Kong-based global reinsurer Peak Re experienced a 6.7% year-on-year decrease in net profit to USD 187 million in 2024, according to unaudited figures reported in the annual results of its parent company, Fosun International. Despite this dip in net profit, Peak Re’s gross written premiums (GWP) saw a modest 0.1% ... Read the full article
Macquarie Asset Management’s InEvo Re enters PRT agreement with UK insurer
31st March 2025
InEvo Re, a reinsurer established by Macquarie Asset Management, has reportedly entered into an agreement with a leading UK insurer to reinsure their PRT liabilities, including both pensions in payment and deferred pensioners. Based in Bermuda, InEvo Re is led by a team with expertise in underwriting insurance and pension liabilities, ... Read the full article
Fidelis names Jonny Strickle as Group Managing Director
31st March 2025
Fidelis Insurance Holdings Limited, a specialty insurer, has announced the appointment of Jonny Strickle as Group Managing Director, reporting directly to CEO Dan Burrows. Strickle first joined Fidelis in 2020 and became the Group Chief Actuarial Officer following the completion of the Separation Transactions in 2023. With more than 15 years of ... Read the full article
MS Amlin establishes Australian branch led by Matt Botfield
31st March 2025
Lloyd's global insurer and reinsurer, MS Amlin, has opened a branch of its Asia Pacific Reinsurance business, MS Amlin Pacific Pte. Ltd., in Sydney, expanding its presence to Australia, subject to Lloyd’s approval. The reinsurer has also appointed Matt Botfield as Head of Australia and New Zealand to support the regional ... Read the full article
HDI Global UK & Ireland appoints Marcus Breese as new Head of Cyber Underwriting
31st March 2025
HDI Global UK and Ireland has announced the appointment of Marcus Breese as Head of Cyber Underwriting, effective April 1st, 2025. In his new role, Breese will report to Antonia Osborne, Director of Underwriting, Corporate, HDI Global UK and Ireland. Breese joins HDI Global from Arch, where he served as Head of ... Read the full article
Convex sees 2024 net income hit $506m as underwriting result improves 57%
31st March 2025
International specialty insurer and reinsurer Convex Group has revealed an underwriting result for 2024 of $381 million, up 57% from $242 million in 2023. Meanwhile, Convex's net profit attributable to common shareholders was $506 million in 2024, up slightly from $503 million in 2023. This marks its second consecutive year of ... Read the full article
Peak Re granted licence to operate in GIFT IFSC, India
31st March 2025
Hong Kong-based global reinsurer Peak Reinsurance Company Limited (Peak Re) has secured a reinsurance branch licence as an IFSC Insurance Office (IIO) from the International Financial Services Centres Authority (IFSCA) on 20 February 2025 to conduct reinsurance business. The IIO, established in Gujarat International Finance Tec-City International Financial Services Centre (GIFT ... Read the full article
ICEYE launches new hurricane data solution
31st March 2025
ICEYE, a provider of satellite-based disaster management solutions, has launched a hurricane data solution, providing insurers with impact information from both wind and flooding within 24 hours of a hurricane making landfall in the US. "Using high-resolution satellite imagery, ground-based data sensors, and auxiliary information, the solution delivers damage data across ... Read the full article
Conduit Re CEO Trevor Carvey to retire
31st March 2025
Trevor Carvey, Chief Executive Officer (CEO) and Director of Bermuda-domiciled property and casualty reinsurance group and the ultimate parent company of Conduit Re, Conduit Holdings, has notified the Board of his decision to step down from the roles and retire on April 11th, 2025. Conduit has confirmed that Carvey's retirement is ... Read the full article
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