Reinsurance News
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
Esther Kim joins Aon’s Korea team as Director, Treaty
24th March 2025
Global insurance and reinsurance broker Aon has announced the appointment of Esther Kim as Director, Treaty on the Korea and Regional team. The executive, who brings over 15 years of experience to her new role, will be based in Singapore and report to Katy Fairweather, Aon’s Head of Global Reinsurance Clients, ... Read the full article
The Fidelis Partnership’s Pine Walk launches new casualty MGA Sevanta
24th March 2025
The Fidelis Partnership's (TFP) wholly-owned subsidiary, Pine Walk Capital Limited, has launched Sevanta Specialty Liability Limited (Sevanta), a new international casualty MGA. Sevanta will specialise in niche international specialty liability, writing business globally on both a primary and excess basis. This marks Pine Walk’s first casualty MGA and aligns with TFP’s strategy ... Read the full article
Strong ‘24 performance bolstered European reinsurers’ credit strength but challenges loom: Fitch
24th March 2025
A second consecutive year of robust financial performance in 2024 has bolstered the credit strength of Europe's four largest reinsurers, positioning them to navigate potentially less favourable market conditions in 2025, according to a recent Fitch Ratings report. Positive market conditions, sustained underwriting discipline, and strong investment returns drove significant capital ... Read the full article
ASR announces Binding Authority Agreements with Sava Re
24th March 2025
Africa Specialty Risks (ASR) has agreed to Binding Authority Agreements with Slovenian reinsurance group Sava Re, which will provide capacity of up to $10 million in line size per agreement across all core ASR classes. For those unfamiliar, Sava Re is the operating holding company of the Sava Insurance Group and ... Read the full article
Ariel Re makes several promotions in London and Bermuda
24th March 2025
Global reinsurance business Ariel Re has announced the promotion of nine employees in its London and Bermuda offices, part of its ‘academy firm’ approach. Its ‘academy firm’ approach fosters career development and learning within the re/insurance sector. This year's promotions cover a diverse range of roles and departments, including underwriting, portfolio management, ... Read the full article
Surplus notes gaining popularity among insurers as financial flexibility tool: AM Best
24th March 2025
AM Best, a global credit rating agency specialising in the insurance sector, has released a new report shedding light on a significant trend in the US property/casualty (P&C) and health insurance markets. According to their findings in the Special Report, "Hard Reinsurance Market Makes Surplus Notes Attractive for Some," surplus notes ... Read the full article
Steadfast rebrands London wholesale business H.W. Wood to HWS Specialty
24th March 2025
Australian insurance broking and distribution group Steadfast has rebranded the recently acquired, London-domiciled specialist wholesale business, H.W. Wood to HWS Specialty. Founded in 1982, H.W. Wood has been a Lloyd’s broker since 2003, operating in France and Greece. It has a strong presence in wholesale, retail, and reinsurance solutions, serving clients ... Read the full article
Marsh appoints Adam Russell as Global Head of Wholesale
24th March 2025
Marsh, an insurance broker and risk advisor under Marsh McLennan, has announced the appointment of Adam Russell as Head of Global Wholesale. Based in London, Russell will report to John Donnelly, President, Global Placement at Marsh. In this role, he will oversee Marsh’s global wholesale insurance broking operations, including portfolio solutions. His ... Read the full article
IQUW Re Bermuda gets $1bn capital boost and A- AM Best rating
24th March 2025
Global credit rating agency AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to IQUW Re Bermuda Limited, which enables IQUW to access $1 billion in group capital as the specialty re/insurer looks to expand its third-party reinsurance business. The ... Read the full article
FuSure Reinsurance secures Composite License from Hong Kong
24th March 2025
FuSure Reinsurance has successfully secured a long-term insurance authorisation (Class A and Class D) from the Hong Kong Insurance Authority (HKIA) and upgraded its existing General Insurance operations into a Composite License. FuSure has reportedly established a core reinsurance business in the Greater China region since its inception in 2021. It ... Read the full article
FGR announces FG RE Corporate Member Limited sale
24th March 2025
FG Reinsurance Holdings, LLC (FGR), an indirect wholly owned subsidiary of Fundamental Global Inc., has entered into an agreement to sell its entire issued share capital of FG RE Corporate Member Limited. The sale agreement of FG RE, a company incorporated and registered in England and Wales, was executed on March ... Read the full article
Willis adds Harb as Global Data Strategy Leader & Sargent as Global Digital Platforms Leader
24th March 2025
Brokerage Willis, a WTW business, has appointed Kate Harb as Global Data Strategy Leader and Dermot Sargent as Global Digital Platforms Leader, underlining the firm's ongoing commitment to digitisation and the delivery of a data-driven strategy. Harb, in the new role, will lead efforts to create a clear data strategy across ... Read the full article
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