Reinsurance News
Helvetia and Baloise merger to create major Swiss insurance group
23rd April 2025
Swiss composite insurance groups, Helvetia and Baloise have announced their intention to join forces in a merger of equals, proposing the formation of "Helvetia Baloise Holding Ltd". The proposed entity will create the second-largest insurance group in Switzerland, with a combined market share of approximately 20% and a business volume of ... Read the full article
ZestyAI expands access to insurance coverage with AI-powered risk analytics
23rd April 2025
ZestyAI, a provider of AI-driven insurance risk analytics, played a key role in helping carriers and insurers of last resort extend coverage to over 511,000 properties previously considered uninsurable in 2024. In the coming year, the company aims to double its impact, providing coverage options to more than a million families ... Read the full article
Novacore launches as independent insurer to transform specialty market
23rd April 2025
As part of the continued evolution of NSM Insurance Group, Novacore has been launched as an independent specialty insurance provider, leveraging advanced technology, automation, and analytics to drive performance, fuel growth, and transform niche insurance programs. Building on NSM’s 35-year track record, Novacore is committed to transforming insurance for agents, carrier ... Read the full article
Global Parametrics becomes coverholder to Canopius Lloyd’s Syndicate 4444
23rd April 2025
Global Parametrics, part of the CelsiusPro Group, and Canopius, an international specialty lines and P&C re/insurer, have announced the signing of a Lloyd’s syndicate coverholder partnership. Under this collaboration, Global Parametric becomes coverholder to Canopius Lloyd’s Syndicate 4444 - one of the largest in the Lloyd's of London marketplace - and ... Read the full article
DXC Technology hires industry leader William Pieroni
23rd April 2025
Global technology services provider DXC Technology has appointed William Pieroni as Global Strategy and Growth Leader for Insurance Software & Business Process Services (BPS). Pieroni holds more than 25 years of experience, having most recently served as CEO of ACORD, the global standards-setting body for the insurance industry, where he also ... Read the full article
Amphitrite expands Marine War offering with $40m Lloyd’s capacity
23rd April 2025
Amphitrite Underwriting London, a marine specialist managing general agent (MGA), has expanded its Marine War offering with an additional $40m in Lloyd’s capacity. The added capacity provides brokers and clients with more options and extends the reach of Amphitrite’s specialist marine products amid rising demand for Marine War cover. The Marine War ... Read the full article
CRC Group appoints Aon’s Todd Jones as Chief Growth Officer
23rd April 2025
CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointment of Todd Jones as Chief Growth Officer, effective June 2025. In this role, Jones will lead CRC Group's strategic initiatives aimed at driving organic growth, with a focus on strengthening alignment with key clients. He will report ... Read the full article
Accelerant adds QBE and Tokio Marine America to Risk Exchange
23rd April 2025
Accelerant, a services and data platform for the specialty insurance market, has announced the addition of QBE and Tokio Marine America to its Accelerant Risk Exchange, significantly enhancing the platform’s capabilities and reach. Accelerant’s Risk Exchange offers a streamlined, data-driven approach that connects selected specialty insurance underwriters with risk capital partners, ... Read the full article
Goosehead Insurance appoints Bill Wade to its Board of Directors
23rd April 2025
Goosehead Insurance, a personal lines insurance distribution, has announced the appointment of Bill Wade to its Board of Directors, to help drive the company’s technology-driven expansion. Wade will leverage his deep expertise in leveraging emerging technologies, particularly artificial intelligence (AI), to fuel innovation, operational efficiency, and transformational growth at Goosehead. Mark Miller, ... Read the full article
Swiss Re CorSo to close Hong Kong office as part of operational streamlining
23rd April 2025
As part of its ongoing efforts to optimise operations, Swiss Re Corporate Solutions has made a strategic decision to consolidate services for Chinese corporations within its mainland China offices. With this in mind, Swiss Re CorSo has noted it will be surrendering its license in Hong Kong, subject to regulatory and ... Read the full article
Arundo Re joins open-source cat modelling platform Oasis LMF
23rd April 2025
Open-source catastrophe modelling platform, Oasis Loss Modelling Framework, has expanded across Europe through a series of new partnerships, model innovations, and industry collaborations. Namely, Oasis LMF has welcomed Arundo Re as its newest member, reportedly highlighting the growing demand for open-access modelling solutions within the European insurance and reinsurance markets. Laurent Montador, ... Read the full article
Chaucer and Armilla launch new AI liability insurance product
23rd April 2025
Chaucer Group, a global specialty insurance and reinsurance group, has partnered with Armilla AI, a provider of specialised insurance and risk management solutions for AI, to launch a new standalone third-party liability (TPL) insurance product. The new product addresses the evolving risks of mechanical underperformance in AI systems and models, along ... Read the full article
Xceedance names Gavin Lillywhite Operating Leader UKI and Europe
23rd April 2025
Xceedance, a global provider of technology and digital solutions, has announced the appointment of Gavin Lillywhite as SVP, Operating Leader UKI and Europe. Lillywhite's three decades of international experience in the London, Lloyd's, and Company Insurance Market have provided him with technical underwriting and distribution expertise, as well as a deep ... Read the full article
Chubb’s Q1’25 net income down 37% amid $1.5bn LA wildfire loss
23rd April 2025
Global insurer Chubb has announced its financial results for the first quarter of 2025, reporting a net income of $1.33 billion, impacted by total pre-tax net catastrophe losses of $1.64 billion, which includes $1.47 billion from the California wildfires. The company's Q1 2025 net income represents a 37% decrease compared to ... Read the full article
Brit appoints Jonathan Mudd as Active Underwriter for Syndicate 2988
23rd April 2025
Brit Group Holdings Limited has appointed Jonathan Mudd as Active Underwriter for Syndicate 2988. Mudd, who joined Brit in 2003, currently serves as Managing Director for FinPro and Cyber. He will retain this position alongside his new responsibilities as Active Underwriter for Syndicate 2988. Mudd succeeds Simon Bird in the role, having ... Read the full article
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