Reinsurance News
AM Best revises London Market insurance segment outlook to stable
8th April 2025
AM Best has revised its outlook for the London Market insurance segment from positive to stable, citing emerging signs of a softening pricing environment. "Although the pricing environment for most business lines remains adequate and supportive of favourable underwriting profitability, it is showing signs of softening," the rating agency said in ... Read the full article
MS&AD to sell Challenger shares to TAL Dai-ichi Life Australia
8th April 2025
Japanese insurance group MS&AD Insurance Holdings, the parent of the Mitsui Sumitomo insurance entities, has agreed to sell all of its shares in Australian financial services company with annuities and fund management businesses, Challenger Limited, to TAL Dai-ichi Life Australia Pty Limited, a wholly-owned Australian subsidiary of Dai-ichi Life Holdings. As ... Read the full article
Pool Re secures £100m of terrorism retrocession coverage with latest cat bond
8th April 2025
Pool Re, a UK-based provider of terrorism reinsurance, has successfully completed the placement of its third catastrophe bond, Baltic PCC Limited (Series 2025-1), which provides the reinsurer with £100 million of collateralised retrocession protection. This new issuance reinforces Pool Re’s ongoing commitment to shielding UK taxpayers from the financial impact ... Read the full article
BMS appoints former Hannover Re CEO Henchoz as Chairman
8th April 2025
BMS Group, an independent specialist insurance and reinsurance broker, has appointed Jean-Jacques Henchoz, who recently left his role as Chief Executive Officer (CEO) of large European reinsurer Hannover Re, as Chairman of the Board, effective May 1st, 2025. Henchoz brings 27 years of experience within the global reinsurance industry to the ... Read the full article
Lloyd’s continued to deliver in 2024 despite major claims activity: ICMR, LMA
8th April 2025
Despite major claims activity in 2024, including two US hurricanes, Lloyd’s continued to deliver highly favourable returns to investors, with profits just shy of the previous year's record, driven by favourable trading conditions and a return to more normal investment valuations. These findings come from the second annual report by ... Read the full article
Pro Global announces senior hires to Germany team
8th April 2025
Pro Global, an advisor in the specialist insurance sector, has announced the appointments of Roman Hannig as Head of Client Engagement, Germany, and Oliver Schippa as Head of Product, Germany. These key hires reflect Pro Global’s continued commitment to growth and client service excellence in the German market. Both will be ... Read the full article
Total reinsurance capital reached new high of $769bn in 2024: Gallagher Re
8th April 2025
Total dedicated reinsurance capital increased by 5.4% during 2024 to a new high of $769 billion, driven by growth in both traditional and alternative capital, according to reinsurance broker Gallagher Re. The broker's full-year 2024 reinsurance market report, which tracks the capital and profitability of the global reinsurance sector, dissects another ... Read the full article
Ralph Goldener appointed Managing Director of SRS Switzerland office
8th April 2025
Strategic Risk Solutions (SRS), an independent insurance company manager, has announced the appointment of Ralph Goldener as a Managing Director in its Switzerland office. “SRS Switzerland is a team of people that provide only top-tier management services, supporting our clients throughout the life of their captive,” said Lionel Tanner, SRS Europe ... Read the full article
Insurance broker HWI BV completes management buyout
8th April 2025
Global insurance broker H.W. International B.V. (HWI BV) has undergone a management buyout (MBO), securing backing from OBL Investments BV. The deal involves the acquisition of the group's Dutch holding company following the sale of its North American, UK, French, and Greek operations over the past year. With this new private investment, ... Read the full article
Salama appoints Mohamed Ali Bouabane as Group CEO
8th April 2025
Regional insurer Salama Islamic Arab Insurance Company (Salama) has appointed Mohamed Ali Bouabane as its new Group Chief Executive Officer (CEO), effective immediately. Salama is one of the longest-established Sharia-compliant Takaful solutions providers listed on the Dubai Financial Market, with a paid-up capital of AED 939 million. Previously, Bouabane was the CEO ... Read the full article
Regulatory landscape & reinsurance costs a challenge post LA wildfires: Morningstar DBRS
7th April 2025
California's strict regulatory environment, coupled with high reinsurance costs, has intensified challenges for insurers in the aftermath of the January 2025 wildfires, according to Morningstar DBRS. The wildfires, which burned over 16,000 structures across some of Southern California’s wealthiest communities, became the costliest wildfire event in U.S. history, as reported by ... Read the full article
CyberCube tools to boost Maury Donnelly & Parr sales enablement process
7th April 2025
Retail insurance brokerage Maury Donnelly & Parr has partnered with CyberCube, a provider of cyber risk analytics, to enhance its sales enablement process. As part of the agreement, Maury Donnelly & Parr will license CyberCube’s Broking Manager and Prep Module tools, which will enable the broker to quantify and help mitigate ... Read the full article
Brit Re becomes one of ABIR’s latest members
7th April 2025
Brit Re, the Bermuda-based reinsurance platform of Brit, has joined the Association of Bermuda Insurers and Reinsurers (ABIR), as the organisation’s membership reaches record high. ABIR represents the public policy interests of Bermuda's international re/insurers, and currently has 34 member carriers and three intermediaries in its Broker Advisory Cabinet. The organisation has ... Read the full article
Ambac meets pre-closing conditions for $420m sale to Oaktree
7th April 2025
Ambac Financial Group, Inc., an insurance holding company, has announced that it has met all necessary pre-closing conditions under the purchase agreement for the sale of Ambac Assurance Corporation (AAC) and Ambac UK (AUK) to funds managed by Oaktree Capital Management, L.P. The transaction was first announced in June 2024, ... Read the full article
Start Network receives $727K ARC Replica insurance payout for drought relief in Somalia
7th April 2025
Start Network has received a significant insurance payout of $727,855 through the African Risk Capacity (ARC) Replica programme. This crucial funding will enable rapid cash transfers to 10,500 households in Somalia grappling with the devastating effects of drought. The ARC Replica program is a partnership between ARC and humanitarian organisations like Start ... Read the full article
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