Reinsurance News
hyperexponential and Duck Creek partner on P&C performance
25th April 2025
hyperexponential (hx), a UK-based pricing decision intelligence platform for re/insurers, has partnered with Duck Creek Technologies, a provider of intelligent solutions for the property and casualty insurance industry, to drive performance and profitability for the P&C industry. Together, the companies aim to deliver an integrated solution that will enable insurers to ... Read the full article
AXIS completes $2.3bn LPT reinsurance agreement with Enstar
25th April 2025
Global insurer and reinsurer, AXIS Capital Holdings Limited and global legacy re/insurance specialist, Enstar Group Limited have completed their previously announced 75% ground-up quota share loss portfolio transfer (LPT) reinsurance agreement. The transaction was completed following the receipt of regulatory approvals and satisfaction of various other closing conditions. The LPT agreement ... Read the full article
2025 robust bulk annuity market to benefit UK life insurers: Fitch
25th April 2025
Strong bulk annuity volumes are expected for 2025, which will continue to benefit UK life insurers despite potential challenges from regulatory changes, according to a recent Fitch Ratings report. Driven by favourable market conditions and significant capital inflows, analysts expect transactions to exceed GBP40 billion for the third year in a ... Read the full article
Lockton welcomes back Robert Reiff as Regional Executive, People Solutions
25th April 2025
Insurance brokerage Lockton is strengthening its People Solutions team with the return of Robert Reiff as Regional Executive. Reiff is rejoining Lockton from Soluta Inc., where he most recently served as Chief Revenue Officer, leading revenue development, channel partner strategy, and go-to-market efforts for its technology-enabled employee benefits solutions. Through his career, ... Read the full article
Goosehead Insurance reports strong Q1’25 results with 17% revenue growth
25th April 2025
Goosehead Insurance, an independent personal lines insurance agency, has reported robust financial results for the first quarter of 2025, with total revenues reaching $75.6 million - up 17% from the same period last year. Core revenues, which exclude contingent commissions and other one-time items, also rose 17% to $69.1 million, driven ... Read the full article
Riskonnect & MAPTYCS partner to enhance property and climate risk management
25th April 2025
Riskonnect, a provider of integrated risk management software solutions, has formed a strategic partnership with MAPTYCS, a geospatial platform for property risk analysis and event response, to offer a faster, more efficient approach to managing property and climate risks. This partnership provides corporate and insurance risk professionals with access to accurate, ... Read the full article
Falcon Risk appoints Laura Coppola as EVP, Head of Management Liability
25th April 2025
Falcon Risk Services, a wholly owned managing general agent (MGA) of HDI Global SE, has appointed Laura Coppola as Executive Vice President (EVP), Head of Management Liability, based in New York City. In the new role, Coppola oversees growth, portfolio management, and product development for Private and Public Company Management Liability ... Read the full article
Mid-year renewal trading conditions more favourable for reinsurers than Jan 1: RenRe CUO
24th April 2025
David Marra, Executive Vice President and Group Chief Underwriting Officer (CUO) of Bermuda-based reinsurer RenaissanceRe (RenRe), said today that the firm is encouraged with trading conditions ahead of the mid-year property renewals, with more balance between supply and demand when compared with the January 1st renewals. Addressing analysts after the release ... Read the full article
Westfield Specialty International names Mark Benbow to lead new Fine Art & Specie team
24th April 2025
Westfield Specialty International, the London-based specialty insurance arm of Westfield, has named Mark Benbow as Head of its newly launched Fine Art and Specie team. Benbow brings over 35 years of experience in the insurance industry, most recently serving more than thirteen years in the fine art and specie underwriting team ... Read the full article
Reinsurance joint venture is progressing well: WTW CEO
24th April 2025
Carl Hess, CEO of global broking group WTW, said the firm’s reinsurance joint venture with private investment firm Bain Capital is progressing well, and he remains confident in its long-term contribution to growth and earnings. In December 2024, WTW confirmed its intention to re-enter the treaty reinsurance broking market through ... Read the full article
BHSI promotes Jeff Murdock to Head of US Property Claims
24th April 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance products, has announced the promotion of Jeff Murdock to Head of U.S. Property Claims. Based in Boston, Murdock succeeds Scott Lee, who will retire in July after a 40-year career in claims, including eight years at BHSI, ... Read the full article
Probitas confirms CEO and MD retirement amid post-acquisition realignment
24th April 2025
Probitas, a Lloyd’s syndicate acquired by Aviva in 2024, has confirmed that CEO Ash Bathia and Managing Director Nick Bacon will retire from their roles on 31 July 2025. Founded as a Lloyd’s platform with a focus on specialty insurance, Probitas has grown into a syndicate with approximately ... Read the full article
AXA XL appoints Rodrigues da Costa as Underwriting Manager, Energy Transition
24th April 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Theodore Rodrigues da Costa as Underwriting Manager, Energy Transition. In this role, Rodrigues da Costa will oversee the Energy Transition portfolio for the UK & Lloyd’s Business Unit while maintaining a ... Read the full article
Tariff pressures mount for US insurers, says KBRA
24th April 2025
KBRA, a US-based credit rating agency, notes that while the US insurance industry has historically been resilient in the face of economic uncertainty, ongoing tariff disputes and broader trade tensions are now presenting a more complex and layered set of credit challenges. These pressures are being felt most acutely in the ... Read the full article
Everest names Steve Reiss as Northeast Regional Executive for insurance division
24th April 2025
Everest, a provider of reinsurance and insurance solutions, has named Steve Reiss as the US Northeast Regional Executive for Everest Insurance. In this role, Reiss will be responsible for overseeing performance and client service across the Northeast region. He will report to Craig Hanrahan, Head of Field Operations Insurance, based in ... Read the full article
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