Reinsurance News
Somerset Re to maintain discipline as life re/insurance sector evolves: CEO Iqbal
16th April 2025
In an interview with Reinsurance News, Danish Iqbal, the recently appointed CEO of Somerset Re, said the company is focused on maintaining discipline and staying true to its core capabilities as it navigates an increasingly competitive life re/insurance market and an ever-evolving regulatory landscape. Iqbal noted that despite recent market volatility, ... Read the full article
esure acquisition credit positive for Ageas: Moody’s
16th April 2025
Moody’s Ratings considers Ageas' recent acquisition of esure is credit positive, as it has the potential to enhance the Belgian insurer’s business and geographic diversification, while increasing its share of earnings from fully controlled operations. On 14 April, Ageas announced that it has reached an agreement with Bain Capital to ... Read the full article
Travelers sees Q1’25 underwriting loss amid $2.27bn catastrophe bill
16th April 2025
Travelers has reported catastrophe losses of $2.266 billion pre-tax for Q1 of 2025, primarily driven by the January California wildfires, leading to an underwriting loss of $305 million for the quarter. Of Travelers' total catastrophe loss figure in Q1 2025, $1.731 billion pre-tax ($1.368 billion after-tax) was attributed to wildfire losses ... Read the full article
J.P. Morgan says mid year renewals outlook still ‘up in the air’
16th April 2025
Analysts at J.P. Morgan have suggested that the pricing outcome of the mid year renewals is still very much up in the air, noting that major U.S. losses and an active hurricane forecast are weighing on the market, while strong margins, manageable LA wildfire impacts, and ample capital, particularly at ... Read the full article
Markel to acquire specialist marine MGA MECO
16th April 2025
Markel, the insurance division of Markel Group Inc., has entered into an agreement to acquire The MECO Group Limited (MECO), a specialist marine managing general agent (MGA). Founded in 1974, MECO operates across London, Dubai, and Shanghai. It provides marine insurance products and services to a wide range of global clients, ... Read the full article
Artemis webinar: Cat bond and ILS market conditions at mid-year 2025
16th April 2025
Our insurance-linked securities (ILS) focused sister publication, Artemis, has partnered with Computershare to host a live webinar during which speakers will discuss catastrophe bond and ILS market conditions at mid-year 2025. Registration is open for this live and free-to-attend webcast, which will be held at 10am EST ... Read the full article
Specialty MGA Africa & Middle East appoints two senior underwriters
16th April 2025
Specialty MGA Africa & Middle East, a provider of tailored insurance and reinsurance solutions and part of MNK Group, has announced the appointment of two senior underwriters as it expands its team in Casablanca. Headquartered in London and led by CEO Youssef Fassi Fihri, Specialty MGA Africa & Middle East Read the full article
Parametric risk pools secure €4.7m grant to enhance climate resilience collaboration
16th April 2025
Four Regional Risk Pools have signed a joint grant agreement with the Global Shield Solutions Platform (GSSP) for €4.7 million to put shared commitments into action. Signed by the African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (the Catastrophe Risk Insurance Facility of the Caribbean and Central America), the Pacific Catastrophe ... Read the full article
Miller strengthens Delegated Authorities offering with new European team
16th April 2025
Miller, a specialist re/insurance broker, has expanded its Delegated Authorities proposition with the creation of a dedicated European team. Leading the new team is Laurie Gaitskell, appointed as Head of European Delegated Authorities. He is joined by Anne-Sophie Petit and Ilenia Pizzolitto, with all three bringing extensive expertise in managing open market ... Read the full article
Compre acquires Covéa’s US subsidiary CSE Group
16th April 2025
Bermuda-domiciled legacy reinsurer Compre Group Holdings Limited (Compre) has announced the completion of its acquisition of the CSE Group, a US subsidiary of Covéa. The CSE Group includes two California-domiciled personal lines insurance carriers that ceased underwriting new business in 2024. This marks the second transaction between Covéa and Compre, ... Read the full article
FERMA begins succession plan as CEO Beaupérin to step down
16th April 2025
The Federation of European Risk Management Associations (FERMA) has announced that its Chief Executive Officer (CEO) and Secretary General, Typhaine Beaupérin, will step down from the roles in June after serving over nine years at the firm. Beaupérin was appointed CEO in December 2015 and Secretary General in 2019. She has ... Read the full article
Richard Roberts joins Pool Re as Chief Finance and Investment Officer
16th April 2025
Great Britain’s government-backed terrorism reinsurer Pool Re has appointed Richard Roberts to the newly created role of Chief Finance and Investment Officer, subject to regulatory approval. Roberts is a seasoned executive, having most recently held the Head of EMEA and Asia Insurance Business Development position at AllianceBernstein, where he was responsible ... Read the full article
Reinsurance industry sees investment yield climb to 4.4% in 2024: Gallagher Re
16th April 2025
Gallagher Re, a reinsurance and risk management firm, has released its full-year 2024 Reinsurance Market Report, highlighting an improvement in investment yield for reinsurance companies. According to the report, the total investment yield rose to 4.4% in 2024, up from 3.9% in 2023. This was driven by a higher running yield ... Read the full article
Euler ILS Partners names Alexander Loosley as Head of Capital Formation
16th April 2025
Euler ILS Partners, a Swiss-based alternative asset manager specialising in insurance-linked strategies (ILS), has appointed Alexander Loosley to its Executive Board as the new Head of Capital Formation, pending approval. Loosley brings over 30 years of experience in the investment banking industry, with a remarkable record of driving strategic growth, raising ... Read the full article
Insurers navigate risk of two-thirds weight regain with GLP-1 medications: Swiss Re
16th April 2025
Insurance companies face a growing challenge as they adapt to the rise of GLP-1 receptor agonists, such as Ozempic and Wegovy, which have proven effective in managing weight and improving obesity-related health conditions. Swiss Re, a provider of reinsurance and insurance solutions, highlights the importance of insurers integrating these treatments into ... Read the full article
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