Reinsurance News
Neptune Flood proposes roadmap to shift NFIP policies to private market
18th February 2025
Neptune Flood, a provider of private flood insurance in the United States, has unveiled a roadmap for transitioning National Flood Insurance Program (NFIP) policies to the private market, in order to reduce the government’s financial exposure to flood risk. In its latest report, Neptune Flood found two main structural issues that ... Read the full article
IQUW launches Ports and Terminals offering led by Ali Welchman
18th February 2025
Specialty and property re/insurer IQUW has launched a Ports and Terminals product, expanding its Marine insurance segment and reinforcing its business position. The new team, under the leadership of Ali Welchman, aims to help brokers and clients manage their risks with coverage for physical loss, damage to marine property and cargo ... Read the full article
Labuan Re names new CEO and Acting Head of Underwriting
18th February 2025
Labuan Reinsurance (L) Ltd (Labuan Re) has announced the redesignation of Encik Zaid Aziz Ibrahim, the Officer in Charge, as the new CEO & Principal Officer, and the appointment of Melissa Karim as Acting Head of Underwriting. Encik Zaid, who joined the company in 2020, was recently appointed Officer in ... Read the full article
Saudi Re and Damanat partner to improve mortgage financing with re/insurance solutions
18th February 2025
Saudi Re and Saudi Housing Guarantee Services Company (Damanat) have partnered to develop insurance and reinsurance solutions for the mortgage financing sector. They formalised their partnership through a Memorandum of Understanding (MoU). This strategic alliance aims to create innovative risk management solutions that will not only bolster the growth and stability of ... Read the full article
AI-driven Earnix Copilot launches to boost productivity and business performance
18th February 2025
Earnix, a global provider of AI-based SaaS pricing and rating solutions for financial services, has announced the launch of the Earnix Copilot, “Alix”, created to enhance productivity and performance with artificial intelligence. “This generative AI-driven agent is designed to supercharge decision-making within the Earnix platform, driving exceptional business outcomes and unmatched ... Read the full article
PartnerRe names Ruth Damian as Senior Client Partner for NA Life Financial Solutions
18th February 2025
Bermuda-based reinsurer PartnerRe has announced the appointment of Ruth Damian as Senior Client Partner for North America Life Financial Solutions. Damian brings over 25 years of industry experience, specialising in managing domestic and international reinsurance agreements with major life insurers and reinsurers. She joins PartnerRe from SCOR, where she most recently served ... Read the full article
DUAL Group unifies global underwriting operations under one brand
18th February 2025
DUAL Group has announced it is unifying its global underwriting operations under one brand, as it “aims to enhance the experience for all of its partners and clients and simplify access to expanding capabilities across a broad range of products and services.” DUAL Oliva, DUAL Aqua, DUAL Asset, DUAL Galileo and ... Read the full article
Renew Risk raises £5m to boost renewable energy risk analytics
18th February 2025
Renew Risk, a risk analytics SaaS provider for renewable energy assets, has secured £5 million in funding. The round was led by Molten Ventures and included participation from Lloyd's, existing investors Insurtech Gateway, and influential angel investors. The company plans to use the investment to further develop its proprietary risk model suite, ... Read the full article
Aon names Jennifer Richards as CEO of Asia Pacific
18th February 2025
Global insurance and reinsurance broker Aon has appointed Jennifer Richards as Chief Executive Officer (CEO) of Asia Pacific (APAC), effective March 1st, 2025, based in Singapore, reporting to Lori Goltermann, CEO of Regions. The appointment sees Richard join the Aon Executive Committee, and she will also move to Singapore in the ... Read the full article
Aaron Brockwell joins Volante Global as Head of Outwards Reinsurance
18th February 2025
International Managing General Agent (MGA) and Lloyd’s Syndicate, Volante Global, has appointed Aaron Brockwell as Head of Outwards Reinsurance, a newly created position. Brockwell has over twenty years of experience in Lloyd’s and the London market. In his new role, he will reportedly design and purchase optimal reinsurance solutions across Volante Global. Reporting ... Read the full article
Over 1 in 4 UK businesses impacted by civil unrest in 2024: Gallagher
18th February 2025
More than one in four UK businesses were affected by civil unrest in 2024, with nearly two-thirds viewing it as a major concern for 2025, according to new research by Gallagher. Gallagher conducted the study in January 2025, surveying more than 500 UK business decision-makers across companies of all sizes. Protests and ... Read the full article
QBE Europe appoints Francisco Castro Yebra as senior underwriter, W&I
18th February 2025
The European arm of global insurance and reinsurance group QBE has expanded its warranty and indemnity (W&I) team with the appointment of Francisco Castro Yebra as senior underwriter. The appointment follows the rise of Mergers and Acquisitions (M&A) activity this year, according to QBE. Yebra will be based in London underwriting ... Read the full article
Ana Dores succeeds Enrique Lopez Torrents as AXA XL Country Manager, Iberia
18th February 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Ana Dores as Country Manager, Iberia, effective March 1, subject to regulatory approval. The executive will be succeeding Enrique Lopez Torrents who will be leaving the firm to pursue opportunities outside ... Read the full article
AM Best assigns ratings to SoteriaRe
17th February 2025
AM Best has assigned Soteria Reinsurance Ltd. a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent), with a stable outlook. Soteria Re, launched in 2023, is an incorporated Class C insurer registered in Bermuda with focus on the US retail fixed annuities and ... Read the full article
Aymeric Martin appointed Chief Risk and Resilience Officer at Allianz (AGCS)
17th February 2025
Allianz Commercial, a provider of insurance and risk management services, has announced the appointment of Aymeric Martin to the Board of Allianz Global Corporate & Specialty SE (AGCS), the legal entity of Allianz responsible for Allianz Commercial. Martin, who is currently the Chief Financial Officer of Allianz Ireland, will assume the ... Read the full article
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