Reinsurance News
Energy sector highly attractive to capital providers, profitability a challenge for insurers: Willis
10th April 2025
With capacity at an all-time high, the energy insurance market continues to soften, driven by a delicate balance between profitability concerns and the pursuit of market share, a recent Willis report has stated. According to the Energy Market Review report, the downstream market has seen a gradual increase in rate reductions ... Read the full article
Howden appoints Southern as Group Chief People Officer
10th April 2025
Global insurance and reinsurance broker Howden has announced the appointment of Kirk Southern as Group Chief People Officer, and will be reporting to David Shalders, Group Chief Operating Officer. Southern has been leading the Group's People Team for six months in an interim role. He will continue to lead the team ... Read the full article
Insurers exposed to billions in potential losses from hail-related roof damage: ZestyAI
10th April 2025
ZestyAI, a company specialising in property and climate risk analytics, has disclosed that over 12.6 million US properties are at high risk of hail-related roof damage, costing about $189.5 billion in potential replacement costs. The information was obtained through ZestyAI’s Z-HAIL model, and highlights the growing financial threat of severe convective ... Read the full article
Swiss Re’s iptiQ signs agreement to sell Australian business to Hannover Re
10th April 2025
Jef Van In, CEO of iptiQ, has announced the signing of an agreement to sell iptiQ's Australian business to Hannover Re, pending regulatory approvals. iptiQ, a digital B2B2C insurance company powered by Swiss Re, is a provider of re/insurance and risk transfer solutions. This agreement marks iptiQ's complete exit from the APAC ... Read the full article
Liberty Specialty Markets joins WTW’s Neuron platform for live cyber and D&O trading
10th April 2025
WTW, an advisory, broking, and solutions firm, has announced the next step in the rollout of its digital trading platform, Neuron. Liberty Specialty Markets (LSM) is now live on the platform, bringing real-time trading capability for Cyber and Directors & Officers (D&O) risks. LSM’s capacity became active on Neuron as of 31 ... Read the full article
Remote access behind 80% of ransomware attacks, At-Bay reports
10th April 2025
At-Bay, a cyber insurance and security firm known for its integrated "InsurSec" approach, has released its 2025 InsurSec Report, revealing significant shifts in the cyber threat landscape. Drawing on data from its own claims portfolio, the report highlights a resurgence in ransomware activity in 2024, with remote access tools—particularly VPNs—serving as ... Read the full article
Cayman’s strong regulation and tax neutrality makes it attractive for global capital: CIRCA’s Mitchell
10th April 2025
The Cayman Islands is poised to become an increasingly significant player in the global reinsurance market, according to Greg Mitchell, Chair of CIRCA (the Cayman International Reinsurance Companies Association). Speaking ahead of the ReConnect Conference in Cayman, Mitchell highlighted the jurisdiction's appeal to international capital seeking access to the ... Read the full article
The Fidelis Partnership appoints Suzanne Wells & Erik Manning to senior roles
10th April 2025
The Fidelis Partnership (TFP) has announced the appointments of Suzanne Wells as Chief Operating Officer (COO) and Erik Manning as Head of Ceded Reinsurance. Effective July 2025, Wells will be based in London. She joins TFP from Arch Insurance International, where she serves as Deputy UK COO, overseeing key UK functions ... Read the full article
Cytora partners with Vāyuh to strengthen climate risk assessment for property insurers
10th April 2025
Cytora, a digital risk processing platform, has entered into a partnership with Vāyuh, an AI-driven weather forecast and climate analytics company. This collaboration will seamlessly integrate Vāyuh’s advanced climate and weather data models into Cytora’s platform, providing property insurance underwriters with enhanced risk analytics and more accurate risk scores to assess ... Read the full article
Arch Insurance strengthens European unit with addition of Paul Seip
10th April 2025
Arch Insurance, a division of Bermuda-based re/insurer Arch Capital Group, has appointed Paul Seip as Head of Fine Art & Specie, European Markets, effective immediately. Seip will be based in Rotterdam, and joins Arch Insurance (EU) dac (AIEU), which provides specialist property and casualty insurance solutions within the European Union. In his ... Read the full article
Coalition launches Active Cyber Policy with enhanced coverage
10th April 2025
Coalition, an active insurer focused on preventing digital risks, has launched its new Active Cyber Policy, a reimagined US surplus lines cyber policy designed to protect businesses amid an ever-evolving digital threat landscape. Shawn Ram, Chief Revenue Officer at Coalition, said, “With the launch of the Active Cyber Policy, Coalition is ... Read the full article
Allianz Trade appoints Matt Williams as Chief Executive Officer, UK-IE
10th April 2025
Allianz Trade, a trade credit insurer, has appointed Matt Williams as Chief Executive Officer (CEO) for UK & Ireland, effective July 1st, 2025, succeeding Sarah Murrow. Murrow will become CEO of Allianz Trade in the Americas also effective July 1st, 2025. Both appointments are subject to the standard regulatory approval requirements. Williams ... Read the full article
ACORD launches GRLC Generation 2.0 to support industry digitalisation
10th April 2025
Industry standards body ACORD has launched GRLC Generation 2.0, updating its Global Reinsurance & Large Commercial Standards to support digitalisation throughout the global re/insurance industry. Providing some background, ACORD noted that GRLC Standards have been widely used by the global re/insurance and specialty markets for years to enable efficient and effective ... Read the full article
Liberty Mutual Insurance elects Sweeney as Chairman, Long to retire
10th April 2025
The Board of Directors of Liberty Mutual Insurance has elected Timothy M. Sweeney as the Chairman of Liberty Mutual Holding Company Inc., effective April 9th, 2025. Sweeney, currently the company's President and Chief Executive Officer, will succeed David H. Long, who retires as Chairman and Director. Long has spent four decades at ... Read the full article
EU insurers likely to avoid crypto if 100% Solvency II charge adopted: Fitch
10th April 2025
A new report from Fitch Ratings has suggested that EU insurers are likely to keep their exposure to crypto assets minimal if proposals to set the Solvency II risk charge for such assets at 100% are adopted. According to the rating agency, the European Insurance and Occupational Pensions Authority (EIOPA) recently ... Read the full article
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