Reinsurance News
Diane Côté and Doina Palici-Chehab join SCOR Board
30th April 2025
At SCOR SE’s recent Combined Shareholders’ Meeting, the appointments of Diane Côté and Doina Palici-Chehab as directors were announced, along with Jacques Aigrain as an observer. The Ordinary and Extraordinary Shareholders’ Meeting was held on 29th April at the company’s registered office, 5 avenue Kléber, 75016 Paris, France, under the chairmanship ... Read the full article
US Insurers surpass UK counterparts in confidence and strategy around AI: hyperexponential
30th April 2025
New research conducted by hyperexponential (hx), a provider of pricing decision intelligence software for the insurance industry, suggests a growing transatlantic divide in the adoption of artificial intelligence (AI). While both UK and US insurers recognise the promise AI holds for the sector, hyperexponential’s findings reveal that US firms are moving ... Read the full article
Howden India names Mandira Gupta as MD & Head of M&A, IMEA
30th April 2025
Howden India has appointed Mandira Gupta as Managing Director and Head of M&A for India, the Middle East, and Africa (IMEA). Gupta holds over two decades of M&A leadership experience in insurance broking and investment banking, having reportedly advised on several of India’s most complex and high-profile transactions. She most recently served ... Read the full article
Arch Capital’s Q1’25 GPW up to $6.5bn as CoR rises to 90.1%
30th April 2025
Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has reported an 8.9% increase in group-wide gross premiums written (GPW) to $6.5 billion for the first quarter of 2025, compared to $5.9 billion last year, as the firm's combined ratio deteriorated to 90.1% on higher catastrophe losses driven by the California ... Read the full article
EPIC names Sean Jackson as Global Leader to expand international collaboration
30th April 2025
EPIC Insurance Brokers and Consultants, a US-based retail property and casualty insurance brokerage and employee benefits consulting firm, has announced the appointment of Sean Jackson as Managing Principal and Global Leader. In this newly elevated role, Jackson will work to strengthen relationships with international broker partners and drive deeper collaboration between ... Read the full article
Iberian Peninsula power outage could drive insured losses of €300m+
30th April 2025
Morningstar DBRS has indicated that the financial losses related to insurance claims from the severe power outage in the Iberian Peninsula will be manageable, with insured losses estimated between €100 million and €300 million in Spain, and significantly lower amounts expected in Portugal. Although the cause of the outage remains unknown, ... Read the full article
DIFC re/insurance GWP hit $3.5bn in 2024
30th April 2025
The Dubai International Financial Centre's (DIFC) re/insurance business increased by 35% as gross written premiums (GWP) hit $3.5 billion, generated by 125 insurance-related entities in 2024, compared to $2.6 billion in 2023. The Middle East insurance sector is thriving and well-positioned to continue expanding through heavy regional investment in mega tourism, ... Read the full article
Vantage appoints Livingstone as SVP for Credit, Mortgage, & Structured Re/Insurance
30th April 2025
Vantage Group Holdings, a specialty insurer and reinsurer, has announced the appointment of Paul Livingstone as Senior Vice President for Credit, Mortgage, and Structured Re/Insurance. In his new role, Livingstone will lead the expansion of Vantage’s credit risk re/insurance business, focusing on identifying opportunities to diversify its portfolio. He will report to ... Read the full article
Brown & Brown records Q1’25 revenue growth of 12% to $1.4bn
30th April 2025
Insurance brokerage Brown & Brown, in its unaudited 2025 first quarter results, reported revenue growth of $146 million, or 11.6% to $1.4 billion, under US GAAP, compared to total revenues of $1.2 billion in Q1’24. For Q1’25, the firm's income before income taxes was $427 million, a 17.3% increase from the ... Read the full article
AXA XL expands cyber insurance solutions for SMEs with key appointment
30th April 2025
AXA XL, a re/insurance provider, is broadening its cyber insurance offerings for small and midsize enterprises (SMEs) by appointing Michelle Aliperti as Head of SME for the Americas. Based in New York, Aliperti will report to Michelle Chia, the Chief Underwriting Officer for Cyber, Design, and Select Professional at AXA XL. Aliperti ... Read the full article
Andrew Weare named Lead Underwriter Mining for HDI Global SE
30th April 2025
HDI Global SE, the Corporate & Specialty Division of the Talanx Group, has announced the appointment of Andrew Weare as new Lead Underwriter Mining, succeeding Matthew Johnson who is retiring. In his new role, Weare, who has been with HDI Global for more than seven years, will report directly to Rafael ... Read the full article
Generali CEO Philippe Donnet to serve for another three-year term
29th April 2025
The Board of Directors of Italian insurance giant Generali has elected Philippe Donnet as Managing Director (MD) and Group Chief Executive Officer (CEO) for another three-year term. At a meeting held yesterday, the Board elected, for the three-year period 2025-2027, Andrea Sironi as Chairman and Donnet as MD and CEO, who ... Read the full article
Earnix to acquire GenAI platform Zelros
29th April 2025
Earnix, the artificial intelligence (AI) platform for insurance, has signed a definitive agreement to acquire Zelros, a generative AI player for insurers and banks. Through combining Earnix’s advanced predictive AI platform with Zelros’s GenAI recommendations engine, the move aims to bring predictive, generative, and agentic AI across risk decisioning, personalisation, and ... Read the full article
Premiums set to rise unless governments act on climate risk, says Zurich
29th April 2025
With the costs from extreme weather and natural catastrophes rising, Zurich Insurance has released a report highlighting the urgent need for action from governments, insurers, and communities to collaboratively build climate resilience. According to the firm's report, the past decade has seen $2 trillion in economic losses due to extreme weather ... Read the full article
Aspen reports increased GWP in unaudited Q1’25 results
29th April 2025
Aspen Insurance Holdings Limited has released its unaudited results for the first quarter of 2025, reporting an increase in gross written premiums (GWP) alongside a notable decrease in profitability. The Bermuda-based re/insurer reported GWP of $1.287 billion for Q1 2025, up from $1.231 billion in the same period last year. Year on ... Read the full article
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