Reinsurance News
Ategrity Specialty Insurance files for IPO
25th March 2025
Ategrity Specialty Insurance Company has filed an S-1 registration statement for an initial public offering and has applied to list its common stock on the New York Stock Exchange under the symbol ASIC. For those unaware, Ategrity provides excess and surplus insurance to small and medium-sized businesses. The firm reported $344 million ... Read the full article
HDI Global reports improved CoR of 90% for FY’24
25th March 2025
HDI Global, a commercial and specialty lines insurer, reported an improved combined ratio of 90% for full-year 2024, down from 91.5% the year prior. The net insurance financial and investment result before currency effects rose to €83 million from €11 million in FY23, driven by higher investment volumes and increased current ... Read the full article
Dan Thomas to lead Markel’s Marine Technical Claims
25th March 2025
Markel, the insurance arm of global re/insurer Markel Group Inc., has appointed Dan Thomas as the Marine Technical Claims Lead, reporting to Tim Warren, Claims Manager, Marine Liability. Additionally, the firm has bolstered its Wholesale Claims service with three promotions: Debbie Larkin as Claims Manager – Energy, Liability and Terrorism; Rachel ... Read the full article
Graf to succeed Taranto as Everest Board Chair
25th March 2025
Global insurance and reinsurance firm Everest has announced the retirement of Joseph V. Taranto, current Board Chair, when his term expires in May, and the nomination of John Graf by the Board to take over as Chair at the May 2025 Annual Shareholders Meeting. Taranto has served as Chairman of Everest’s ... Read the full article
Howden to acquire UK professional services consultancy Barnett Waddingham
25th March 2025
Howden has agreed to acquire Barnett Waddingham, a UK professional services consultancy across risk, pensions, investment and insurance. Over the last five years, Howden has invested £2.4 billion to expand its UK footprint, and this new acquisition is expected to bring high-quality pension and related advisory capabilities to the firm, providing ... Read the full article
Life insurance industry stabilises as mortality rates return to pre-pandemic levels: Moody’s
25th March 2025
According to Moody’s, a provider of credit ratings, research, and risk analysis, the insurance sector has experienced significant transformations in the five years following the COVID-19 pandemic. Moody's special report highlights how the pandemic has reshaped various industries, with particular impacts on the insurance market, driven by heightened mortality rates, shifts ... Read the full article
Farmers Insurance appoints Ankur Chaturvedi as Regional President of East Territory
25th March 2025
Farmers Insurance has announced the appointment of Ankur Chaturvedi as Regional President of the East Territory, joining the Farmers Insurance Exclusive Agent Distribution team. Chaturvedi will provide operational and collaborative leadership support to agency owners and district managers across the East Territory. His focus will be on strategic initiatives that help ... Read the full article
AM Best assigns stable ratings to Fortegra Belgium Insurance Company
25th March 2025
AM Best, the credit rating agency, has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) to Fortegra Belgium Insurance Company NV (FBIC), based in Belgium. The outlook for both ratings is stable, reflecting FBIC's strong balance sheet, as assessed by AM Best, ... Read the full article
Instnt launches AI-powered Fraud Loss Insurance
25th March 2025
Backed by Accredited, Howden and other global AM Best A-rated insurers, Instnt has launched Fraud Loss Insurance to help businesses reduce fraud exposure, approve legitimate customers confidently, and recover quickly when losses occur. Fraud cost businesses a staggering $485.6 billion globally in 2023. The challenge of underwriting fraud loss risk has ... Read the full article
US P&C insurance shows stability with emerging challenges: Lockton
24th March 2025
At the start of 2025, the US property and casualty (P&C) insurance market shows a stable and predictable outlook, according to the latest report from insurance broker Lockton. The March edition highlights current US economic conditions, key industry trends, and offers expert commentary on the main challenges facing insurance buyers today. Lockton’s ... Read the full article
ShoreOne lifts capacity with Trisura partnership
24th March 2025
ShoreOne Insurance Managers Inc., a provider of insurance solutions for coastal homeowners, has strategically partnered with Trisura Specialty Insurance Company, increasing its capacity to homeowners in select coastal regions. ShoreOne, founded in 2019, aims to address the coverage gap that flood-exposed coastal homeowners face. This latest partnership with Trisura adds a third ... Read the full article
AI model DeepSeek could improve operating efficiency for China’s insurers: AM Best
24th March 2025
The use of the artificial intelligence (AI) model DeepSeek among mainland China insurance companies has the potential to enhance operational efficiencies for small to medium-sized carriers, though it also introduces risks, according to AM Best. Several insurers in China have announced the deployment of DeepSeek in their operations. In a new commentary, ... Read the full article
Safety National expands leadership team with key promotions
24th March 2025
Safety National Casualty Corporation, a specialty provider of insurance and reinsurance, has expanded its leadership team with several key management promotions, all effective April 1st, 2025. Mark Walls has been named Corporate Senior Vice President and Chief Marketing Officer. Walls has been with Safety National for over 25 years in various ... Read the full article
Westfield enhances flood protection options for US homeowners
24th March 2025
In an effort to better protect US homeowners from increasing flood risks, Westfield, a property and casualty insurance company, is introducing a new inland flood coverage add-on. This new option is designed to help bridge the gap in flood insurance for homeowners living outside traditional high-risk flood zones, particularly in areas ... Read the full article
Argo names Chris Donahue as CEO
24th March 2025
Argo Group, an underwriter of specialty insurance products, has appointed Chris Donahue as Chief Executive Officer. Donahue, who joined the company in November 2023 as Chief Financial Officer, succeeds Jessica Buss, who has served as Argo’s Chief Executive Officer since November 2023. With this is mind, David Chan has been named as ... Read the full article
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