Reinsurance News
Nicholas Walsh named as Independent Non-Executive Chairman of Sompo
7th May 2025
Sompo, a provider of commercial and consumer property and casualty re/insurance, has announced the appointment of Nicholas Walsh as the new Independent Non-Executive Chairman of the Board of Directors for Sompo International Holdings Ltd. Walsh, who has served as an Independent Non-Executive Director of SIH since June 2022, takes over from ... Read the full article
TWIA says rates on line ‘potentially down’ as June 1 reinsurance renewal nearly placed
6th May 2025
Jim Murphy, Chief Actuary of the Texas Windstorm Insurance Association (TWIA), said during a Board meeting today that rates on line that the association is seeing in the market right now are flat, if not potentially down when compared with last year. At TWIA's Board meeting held today, reinsurance funding was ... Read the full article
Gilliland and Higgins to lead Atrium’s Strategic Distribution team
6th May 2025
Atrium, a specialty insurance group at Lloyd’s, has announced the appointment of a new Strategic Distribution team to be led by Chance Gilliland as Group Head and Maureen Higgins as Deputy Group Head. The newly formed team will look for growth opportunities arising from both established and emerging sources, using established ... Read the full article
Everest Reinsurance names Jonathan Mesagaes as Head of Renewable Energy
6th May 2025
Everest Reinsurance, the reinsurance division of Everest Group, has announced the appointment of Jonathan Mesagaes as Head of Renewable Energy. With more than two decades of experience in underwriting, risk management, and actuarial pricing, Mesagaes will be supporting clients across the division’s Global Specialties business. The executive has been with Everest since ... Read the full article
Aon promotes Amanda Lyons to Bermuda CEO of Reinsurance
6th May 2025
Amanda Lyons has been appointed CEO of Aon Reinsurance Solutions Limited in Bermuda, effective July 1, 2025, subject to regulatory and immigration approvals. Based in Bermuda, Lyons is reportedly expected to lead the growth of Aon’s reinsurance platform on the island. In addition to her new role, she will continue to serve ... Read the full article
Corebridge Financial reports strong operating income despite net loss in Q1’25
6th May 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the first quarter of 2025, reporting $649 million in adjusted after-tax operating income despite a net loss of $664 million. Q1 2025’s net loss compares to a gain of $878 million reported in the same period last ... Read the full article
Lena Kettler named Global Head of Claims (P&C) for Hannover Re
6th May 2025
European reinsurer Hannover Re has announced the appointment of Lena Kettler as Global Head of Claims (P&C), a newly created position based in Hannover. Kettler is joining Hannover Re with close to two decades of industry experience with extensive knowledge in both underwriting and claims. “Thanks to her broad experience, Lena will ... Read the full article
Envelop Risk adds Jacquelynn Morley to its Bermuda-based team
6th May 2025
Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has expanded its Bermuda presence with the addition of Jacquelynn Morley to the team. A reinsurance expert with 18 years of experience, Morley brings extensive capabilities in managing complex, multimillion-dollar fronting portfolios, seamlessly blending deep technical underwriting expertise with a sophisticated understanding ... Read the full article
Sutherland to succeed Schmitzer as President of E&S at James River Group
6th May 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Todd Sutherland, current Senior Vice President, Management Liability for the Excess and Surplus Lines (E&S) segment, to succeed Richard Schmitzer as President of the E&S segment, effective May 5th, 2025. Schmitzer will retire as Chief Executive Officer (CEO) of the ... Read the full article
ZestyAI’s Severe Convective Storm suite receives approval in Ohio
6th May 2025
ZestyAI, a provider of AI-driven insurance risk analytics, has announced that its Severe Convective Storm suite, which includes Z-HAIL™, Z-WIND™, and Z-STORM™, has received regulatory approval from the Ohio Department of Insurance. With the addition of Ohio, the suite is now approved for use in 16 states. Ohio has experienced 36 billion-dollar ... Read the full article
Lemonade’s revenue increases 27% to $151.2m in Q1’25
6th May 2025
In its Q1 2025 results, Lemonade has reported total revenue of $151.2 million, marking an increase of $32.1 million or 27%, compared to Q1 2024, primarily due to the increase in gross earned premium, ceding commission income, and net investment income. Meanwhile, the firm's in force premium, defined as the aggregate ... Read the full article
Mercer completes acquisition of SECOR Asset Management
6th May 2025
Mercer, a business of Marsh McLennan, has completed its acquisition of SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. SECOR serves the complex needs of institutional investors, offering a range of end-to-end portfolio solutions, including investment advisory and implementation, fiduciary management, and asset liability management. Initially announced ... Read the full article
James River posts Q1’25 net income of $9m and CoR of 99.5%
6th May 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has reported first quarter 2025 net income of $9 million and adjusted net operating income of $9.1 million, compared to $20.9 million and $14.8 million, respectively, in Q1’24. For the quarter, gross written premium (GWP) was $294.4 million, and Excess and Surplus ... Read the full article
Ample capital and competition point to ‘healthy buyer’s market’ in 2025: Willis
6th May 2025
The latest Insurance Marketplace Realities report from Willis highlights opportunities for buyers from ample capital, growing capacity, and renewed competition, signalling a healthy buyer's market in 2025. Willis, part of global insurance broking group WTW, notes that the commercial insurance market is operating from a place of historical financial strength, as ... Read the full article
Munich Re Life US & MIB partner to accelerate adoption of electronic medical data
6th May 2025
Munich Re Life US, a subsidiary of Munich Re, has partnered with MIB, a provider of data-driven insights and digital services for the life insurance industry, to support the adoption of electronic medical data in life insurance underwriting by enhancing data access and advancing analytics capabilities. As part of this initiative, ... Read the full article
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