Reinsurance News
Willis launches insurance solution for marketing & advertising production in US
27th March 2025
Willis, a WTW business, has launched AdWrap, a master-controlled insurance program designed to streamline production insurance for businesses and their contracted vendors. AdWrap offers a cost-effective and transparent solution for companies producing marketing, advertising, and promotional content in the U.S. The program simplifies production insurance for in-house teams, third-party vendors, and social ... Read the full article
Banyan Risk expands D&O capacity with PartnerRe alliance
27th March 2025
Bermuda-domiciled specialty managing general agent (MGA), Banyan Risk, has entered into a long-term strategic alliance with global reinsurer PartnerRe to expand its Directors and Officers (D&O) insurance capacity up to $10 million. As per the terms of the collaboration, PartnerRe has committed to providing essential capacity and support of $5 million. In ... Read the full article
Munich Re’s Standard Ethics Rating upgraded to “EE+”
27th March 2025
Standard Ethics has upgraded Munich Re’s Corporate Standard Ethics Rating (SER) to “EE+” from the previous “EE”. Munich Re has been rated by Standard Ethics since 2016 and is part of both the SE German Index and the SE European 100 Index. Standard Ethics highlighted that Munich Re continues to pursue its ... Read the full article
Verisk nominates Christopher Perry and Sabra Purtill to its Board
27th March 2025
Insurance and analytics provider Verisk has announced that its Board of Directors has nominated Christopher J. Perry and Sabra R. Purtill to stand for election as Directors at the company’s Annual Meeting on May 20th, 2025. Perry brings over 25 years of senior sales, marketing, and business leadership experience in financial ... Read the full article
Sokolova to succeed Beckmann as R+V Re Chief Underwriting Officer
26th March 2025
R+V Re, a German reinsurer and part of the non-listed R+V Versicherung AG, has announced the appointment of Marina Sokolova as Chief Underwriting Officer, effective July 1, 2025. Sokolova, who will become a member of R+V Re’s executive team, will be succeeding Andreas Beckmann, who is taking the opportunity of entering ... Read the full article
The Baldwin Group signs $110m note purchase agreement for insurance exchange
26th March 2025
The Baldwin Group's reciprocal insurance exchange, Builder Reciprocal Insurance Exchange (BRIE), has entered into a note purchase agreement to raise $110 million of surplus financing through the issuance of surplus debentures (the notes). BRIE, Baldwin's soon-to-launch reciprocal insurance exchange, will reportedly focus on providing capacity for the firm's builder-sourced homeowners book ... Read the full article
Canada Life Re appoints Eamon Loughnane as Global P&C leader as Gabriel Kelly retires
26th March 2025
Canada Life Reinsurance, a provider of reinsurance solutions, has recently announced the upcoming retirement of Gabriel Kelly, a key contributor to the company’s success for over three decades, and the appointment of Eamon Loughnane as the new leader of its Global P&C arm. With 33 years of dedicated service, Kelly has ... Read the full article
Aspida Life Re appoints Elinor Friedman to Board of Directors
26th March 2025
Bermuda-based life and annuity reinsurance company Aspida Life Re has announced the appointment of Elinor Friedman to its Board of Directors. Friedman is a seasoned actuary bringing nearly 30 years of experience in the re/insurance industry. She spent over two decades at WTW, serving as Managing Director (MD) from 2013 to 2024, ... Read the full article
KCC releases newest version of open loss modelling platform
26th March 2025
Karen Clark & Company (KCC) has launched the newest version of their open loss modelling platform, RiskInsight® Version 4.14, which includes new features and performance enhancements that will benefit re/insurers. The update enhances RiskInsight's high-resolution mapping, speeds up LiveEvent™ Runner downloads, expands reinsurance support for alternative databases, advances loss analysis performance, ... Read the full article
Joshua Hackett named Head of Casualty for Munich Reinsurance America
26th March 2025
Global reinsurer Munich Re has appointed Joshua Hackett as Head of Casualty for Munich Reinsurance America, Inc., effective March 31st, 2025. In this role, Hackett will report to Marcus Winter, President & CEO of Munich Re – North America, and will also serve on the Executive Leadership Team for Munich Re ... Read the full article
Parametrix supports Hannover Re’s renewal of $20m Cumulus Re cloud outage cat bond
26th March 2025
Hannover Re, one of Europe's big four reinsurers, with the support of Parametrix, has secured $20 million of retrocessional protection for losses caused by a sustained cloud outage event, with this second catastrophe bond transaction 45% larger than the inaugural deal. Cumulus Re II, or Cumulus Re (Series 2025-1) as ... Read the full article
Ardonagh launches new global data and technology unit
26th March 2025
The Ardonagh Group has launched Ardonagh Intelligence, a new global data and technology unit aimed at harnessing the best of robotics, machine learning, and data enrichment across its businesses. "Ardonagh Intelligence will create a single view of the data and technological capabilities across the Group, which now employs more than 100 ... Read the full article
Danish Iqbal returns to Somerset Re as CEO
26th March 2025
Danish Iqbal has been appointed as the new Chief Executive Officer (CEO) of Somerset Re, a reinsurer for life insurance and annuity companies, effective April 30th, 2025. Iqbal is succeeding Jeff Burt, who will become co-CEO of recently launched Aquarian Insurance Holdings (AIH), the holding company for Somerset Re. AIH brings ... Read the full article
Kita expands underwriting capacity amid growing demand for carbon insurance solutions
26th March 2025
Lloyd’s of London coverholder Kita has significantly increased its underwriting capacity for 2025, securing £22.5 million capacity for carbon credit risks across the globe. According to Kita, this new development demonstrates the market's recognition of insurance as a solution to de-risk high-quality carbon projects, underscoring the confidence of capacity supporters in ... Read the full article
VIG Re appoints Marc Haushofer as Executive Director International Business Development
26th March 2025
VIG Re, the reinsurance arm of Prague-based Vienna Insurance Group, has announced the appointment of Marc Haushofer as Executive Director of International Business Development, effective May 1st, 2025. Haushofer brings over 40 years of experience in the re/insurance industry. He joins VIG Re from RenaissanceRe, where he served as Senior Vice President ... Read the full article
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