Reinsurance News
Rokstone launches direct-to-retail E&S commercial risks division
24th February 2025
Rokstone, an international specialty re/insurance managing general agent (MGA) and part of the Aventum Group, has launched Rokstone Commercial Risks, a direct-to-retail Excess & Surplus Lines (E&S) MGA in the US. John Larkins will lead this division as President. He brings over 25 years of industry experience, having previously worked at ... Read the full article
PPL launches data-driven digital contract capabilities
24th February 2025
Placing Platform Limited (PPL) has announced the launch of its new data-driven contract capabilities, powered by Artificial's Contract Builder product. Integrated into PPL's core platform, these new features facilitate the market's transition from document-based processes. This solution has been designed to address long-standing challenges faced by brokers and carriers. Tanya Duckworth, Chief Product ... Read the full article
Mark Engel named CEO of Marine & Energy for RSUM
24th February 2025
Ryan Specialty, a global specialty insurance firm, has announced the appointment of Mark Engel as Chief Executive Officer of Marine & Energy for its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). In this role, Engel will oversee operations, growth strategy, and positioning for the Marine & Energy practice. He will be ... Read the full article
ARPC completes 2025 terrorism retrocession program with smaller limit
24th February 2025
Australia’s terrorism reinsurance pool, administered by ARPC, has finalised its retrocession program for the 2025 calendar year with a smaller limit and an increased deductible. According to ARPC, this adjustment reflects its current view of risk for the portfolio and its assessment of value for money in the risk transfer. The retrocession, ... Read the full article
NSM to sell US commercial insurance division to New Mountain Capital
24th February 2025
NSM Insurance Group, a global specialty insurance provider, has signed a definitive agreement to sell its US commercial insurance division to New Mountain Capital, a growth-oriented investment firm. The agreement includes NSM's diverse portfolio of 15 niche insurance programs across property & casualty, accident & health, and reinsurance, along with its ... Read the full article
Steven Hearn becomes Brown & Brown COO
24th February 2025
Steven Hearn, a veteran in the insurance and reinsurance industry, has started a new position as Vice President and Chief Operating Officer (COO) at insurance brokerage firm Brown & Brown. Hearn joined the firm in 2024 as a Director following his tenure as Chief Executive Officer at Inver Re, ... Read the full article
Sollers and Duck Creek partner to modernise reinsurance
24th February 2025
Sollers Consulting, a software integrator and operational advisor, has partnered with Duck Creek Technologies, a provider of software solutions for property and casualty (P&C) and general insurance, to help insurers modernise their reinsurance business. With the insurance industry facing more frequent and severe loss events, securing suitable reinsurance has become increasingly ... Read the full article
Munich Re appoints Hanh Nguyen as Head of Treaty P&C Underwriting, SEA & India
24th February 2025
Global reinsurance giant Munich Re has appointed Hanh Nguyen as the new Head of Treaty property and casualty (P&C) Underwriting for Southeast Asia (SEA) and India, effective March 1st, 2025. She will succeed Joachim Zagrosek, who has been appointed Head of P&C Treaty Underwriting Germany, based in Munich. Hanh has 19 years ... Read the full article
Coface reports FY’24 net income increase of 8.6% to €261m
24th February 2025
For the full year 2024, credit insurer Coface has reported net income (group share) of €261.1 million, which increased by 8.6% compared to 2023’s €240.5 million. For 2024, net financial income was €91.7 million, a sharp increase compared to 2023. Coface stated, "This figure includes capital gains of €11.4 million, which more ... Read the full article
RGA and Equitable announce $32bn reinsurance transaction
24th February 2025
Reinsurance Group of America (RGA) has entered into an agreement with Equitable Holdings, Inc. to reinsure a $32 billion diversified block of life insurance products. According to RGA, it is reinsuring 75% of Equitable’s in-force life insurance liabilities, which includes approximately $18 billion of general account reserves and $14 billion of ... Read the full article
NewRe appoints Iris Urban as Chief Underwriting Officer
24th February 2025
NewRe, a property and casualty (P&C) reinsurance company part of the Munich Re Group, has announced the appointment of Iris Urban as Chief Underwriting Officer (CUO) for its non-life business, effective March 1, 2025. In this role, she will oversee underwriting strategy and management, as well as portfolio optimisation, to drive ... Read the full article
Sherman Power joins Price Forbes Re as EVP, Alternative Risk and Capital Solutions
24th February 2025
Price Forbes Re has named Sherman Power to the newly created role of Executive Vice President, Alternative Risk and Capital Solutions. Based in Dallas, Texas, Power will reportedly work closely with Price Forbes Re's treaty reinsurance team to provide growth capital and reserve covers in building its reinsurance capacity for evolving ... Read the full article
B.P. Marsh’s funds reach £74.1m amid continued strong performance
24th February 2025
In its latest trading update, B.P. Marsh & Partners has revealed that group funds reached £74.1 million as of 31 January 2025, up from £40.5 million a year earlier, supported by a strong pipeline of potential new and follow-on investments. B.P. Marsh reportedly completed two disposals during the year, while three ... Read the full article
UK P&I Club ‘pleased’ with outcome of 2025 renewal despite Baltimore bridge losses
24th February 2025
The UK P&I Club has successfully completed the 2025 P&I renewal, gaining new business in 2024, which is expected to slightly increase its market share for the upcoming policy year, despite challenges such as the significant "Dali" incident. The Club is focused on enhancing the quality of its membership to better ... Read the full article
QBE NA partners with InnSure to support pilot program to address flood risk
24th February 2025
The QBE North America Foundation has partnered with nonprofit InnSure and the City of Salem, Massachusetts, to implement a pilot program aimed at increasing resilience to climate-driven flood risks. The program will explore ways to reduce flood vulnerabilities for both individual homeowners and renters, as well as the broader community, particularly ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
