Reinsurance News
Davies appoints Matt Button as Deputy Group CEO, unveils Vision-2030 strategy
9th January 2025
Davies, a professional services and technology specialist, has promoted Matt Button to Deputy Group Chief Executive Officer (CEO), effective January 1st, 2025, reporting directly to Group CEO Dan Saulter. In his new role, Button is responsible for the day-to-day leadership of three go-to-market business units, including operations, sales, and marketing. Additionally, ... Read the full article
Over 1,100 structures destroyed by growing Palisades and Eaton fires, say officials
8th January 2025
The devastating wildfire raging in the Pacific Palisades neighbourhood of Los Angeles has now destroyed more than 1,000 structures and is growing, while the Eaton Fire, burning in the Angeles National Forest, the Altadena area of Los Angeles County and Pasadena, has now destroyed more than 100 structures, according to ... Read the full article
Ascot appoints Bruce Sikorski as Group Head of Corporate Services
8th January 2025
Ascot, a Bermuda-based global specialty insurer, has announced the appointment of Bruce Sikorski to the newly created role of Group Head of Corporate Services. Based in Ascot’s Iselin, New Jersey office, Sikorski will report to Bill Thygeson, Group Chief Human Resources Officer. In his new role, he will oversee the day-to-day operations ... Read the full article
IQUW boosts Energy team with three key appointments
8th January 2025
IQUW, a property and specialty re/insurer, has strengthened its Energy team with three new appointments. Chris Touhey joins as Senior Underwriter, Energy, alongside Darren Stewart as Head of Marine, Energy, & Aviation Claims, and Darryl Krobel as MEA Engineer. Touhey brings 25 years of industry experience, having joined IQUW from Liberty Specialty ... Read the full article
Northwestern Mutual announces investment partnership with Sixth Street
8th January 2025
Northwestern Mutual, a financial services provider of insurance and wealth products, has formed a strategic partnership with global investment firm Sixth Street to enhance its long-term, diversified investment strategy for its institutional investment portfolios, totalling over $320 billion. As part of the partnership, Sixth Street will manage $13 billion in assets ... Read the full article
John Neal to depart Lloyd’s in 2025 and join Aon as Global CEO of Reinsurance
8th January 2025
Lloyd’s, the world's oldest insurance and reinsurance marketplace, announced that its Chief Executive Officer (CEO), John Neal, will step down in 2025 to join broking group Aon as Global CEO of Reinsurance and Global Chairman of Climate Solutions. His departure marks a significant transition for both organisations, reflecting Neal’s influence and ... Read the full article
The Hartford strengthens presence in Asia with new service company in Singapore
8th January 2025
The Hartford, a leading US-based insurance and financial services company, has launched a new service company in Singapore to expand its presence in Asia and enhance its reach in one of the world’s largest commercial wholesale markets through its Lloyd’s Syndicate 1221, with Zhenghong Pan appointed to lead the initiative. "Our ... Read the full article
Reinsurers remain keen to grow property books despite easing of conditions at 1.1: Aon
8th January 2025
Even with the further easing of conditions at 1.1, the property catastrophe reinsurance market is priced to produce target expected returns for reinsurers, according to Aon's Reinsurance Market Dynamics January 2025 Renewal report. With strong capital levels and increased confidence in current pricing and terms, reinsurers are also reportedly eager to ... Read the full article
Sompo appoints Pablo Diago as Chief Claims Officer commercial & consumer insurance APAC
8th January 2025
Sompo, a provider of commercial and consumer property and casualty (P&C) re/insurance, has appointed Pablo Diago as Chief Claims Officer, for the firm's commercial and consumer insurance business in Asia Pacific (APAC), effective immediately. Based in Singapore, Diago will report to Kenneth Reilly, Chief Executive Officer, ... Read the full article
FM confirms acquisition of Velocity Specialty Insurance Company
8th January 2025
FM, a commercial property insurer, has confirmed its acquisition of Velocity Specialty Insurance Company (VSIC), Velocity's wholly owned E&S insurance carrier, with the deal expected to close in the first half of 2025. This acquisition follows a broader announcement covered yesterday, in which Ryan Specialty agreed to acquire Velocity Risk ... Read the full article
Shali Vasudeva joins Hiscox as Group Chief Operations and Technology Officer
8th January 2025
Specialist insurer Hiscox has appointed Shali Vasudeva as its new Group Chief Operations and Technology Officer (COTO), succeeding Stephane Flaquet, who is departing the firm. Vasudeva joins Hiscox after five years as Chief Operating Officer of AXA UK & Ireland. Based in London, she will also sit on the Group Executive ... Read the full article
Sollers & mea Platform collaborate to help insurers improve underwriting and claims management
8th January 2025
Sollers Consulting and mea Platform have entered into a partnership that will see both companies help insurers improve their digital capabilities within underwriting and claims. The partnership will reportedly have a strong focus on Lloyd's and the London market, which is currently undergoing a transformation towards data-driven business models. From what Reinsurance ... Read the full article
VIG Re appoints Jurčíková as COO and Hajek as CFO
8th January 2025
VIG Re, the reinsurance arm of Prague-domiciled Vienna Insurance Group, has appointed Ivana Jurčíková, a current Board member, to the newly created role of Chief Operating Officer (COO), while Wolfgang Hajek joined the Board as Chief Financial Officer (CFO), effective 1st, January 2025. VIG Re’s current Board of Management includes Tobias ... Read the full article
Munich Re names Christa Schwimmer Chief Executive for Specialty Reinsurance, Lloyd’s & Bermuda
8th January 2025
Munich Re has announced the appointment of Christa Schwimmer as Chief Executive for its Specialty Reinsurance and Lloyd's & Bermuda business. In this role, Schwimmer will join Stefan Golling, Member of the Board of Management at Munich Re, and his leadership team. Schwimmer has been with Munich Re for 23 years, starting ... Read the full article
American Coastal renews cat XoL agreement, adds $40m of aggregate reinsurance limit
8th January 2025
Florida-based American Coastal Insurance Corporation (ACIC) has renewed its catastrophe excess of loss agreement (AOP CAT agreement), which provides up to $90 million in per-occurrence coverage above a $10 million attachment point, and has also secured $40 million in aggregate catastrophe limit at the January renewals. The AOP CAT agreement, facilitated ... Read the full article
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