Reinsurance News
Westfield Specialty International announces key appointments in PI team
7th March 2025
Westfield Specialty International, a provider of specialised insurance solutions, has announced the latest in a series of senior appointments. Pete Stephens has been appointed as the new Head of the Professional Indemnity (PI) team, while Hattie Hassall joins as a Senior PI Underwriter. Both will be based in the London office ... Read the full article
AXA XL launches benchmarking service for sustainable building practices
7th March 2025
AXA XL has launched the Sustainable Building Practices Adoption Maturity Index (SAMI), a benchmarking service designed to help construction clients in North America assess their sustainable building practices against industry peers. Cheri Hanes, AXA XL's Head of Construction Innovation and Sustainability, said, "Technological advancements, economic incentives and the need for more ... Read the full article
Lancashire expects less property cat reinsurance rate softening after LA wildfires: CUO Gregory
6th March 2025
Paul Gregory, Chief Underwriting Officer (CUO) of re/insurance company Lancashire Holdings Limited, expects there to be less property catastrophe reinsurance rate softening than initially anticipated for the remainder of 2025, following the impacts of the costly January wildfires in Southern California. Industry losses for the January 2025 Los Angeles wildfires are ... Read the full article
Price Forbes’ Jack Keilty joins New Dawn Risk Group
6th March 2025
Specialist insurance intermediary New Dawn Risk has announced the appointment of Jack Keilty as Head of Management Liability and Financial Institutions. Based in London, Keilty will report to the US broking team, working alongside James Bullock-Webster, Head of US Broking. Keilty brings over a decade of experience in the London international financial ... Read the full article
US life insurers set to benefit from continued growth in private credit: Moody’s
6th March 2025
According to Moody's Ratings, US life insurance companies have significantly increased their participation in the private credit market in recent years. This shift is primarily driven by partnerships with alternative asset managers (AMs), who have brought substantial expertise and capital to the sector. As a result, insurers have gained access to a ... Read the full article
TMHCCI appoints Camilla Gower as Head of Marine and Energy Liability
6th March 2025
Tokio Marine HCC International (TMHCCI), a subsidiary of the Tokio Marine HCC group of companies, has announced the promotion of Camilla Gower to Head of Marine and Energy Liability, effective April 1, 2025. In this role, Gower will lead the team and drive growth in a key market for the carrier. ... Read the full article
AXA XL partners with cyber security expert Darkweb IQ
6th March 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has partnered with Darkweb IQ to help businesses strengthen their cyber security practices. Darkweb IQ is a cybersecurity firm that specialises in protecting companies from cyber threats such as ransomware, data theft, and third-party risks. By collaborating ... Read the full article
Gina Gill joins Apollo as Chief Information Officer
6th March 2025
Apollo has appointed Gina Gill as Chief Information Officer, effective from March 2025. Gill holds over 17 years of experience in digital transformation, technology strategy, and operational leadership and joins Apollo from the Cabinet Office, where she served as interim Chief Strategy Officer. Before this, Gill was the Chief Digital & Information ... Read the full article
Hippo’s 2024 revenue up 77% in most successful year to date
6th March 2025
Home insurance group Hippo has revealed its 2024 revenue hit $372 million, up a massive 77% from 2023. In Q4 2024 alone, Hippo's revenue increased by 58% to $102 million, while net income attributable to the firm was $44 million, compared to a net loss of $42 million in Q4 2023. Meanwhile, ... Read the full article
Acrisure Re strengthens Corporate Advisory & Solutions division with new appointments
6th March 2025
Acrisure Re, the re/insurance division of global fintech company Acrisure, is expanding its capabilities with a number of appointments to its Corporate Advisory & Solutions (ARCAS) division. The appointments include: Lauren Johnson, Head of Funds at Lloyd’s (FAL); Assad Negyal, Head of Pricing; David Ryan, Head of Exposure Management; and Lucas ... Read the full article
RenRe launches new property cat bond fund Medici UCITS
6th March 2025
RenaissanceRe has launched a new Irish domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund, a sub-fund of RenaissanceRe Medici ICAV (Medici UCITS). The Medici UCITS fund, established under European regulation, offers European and global investors a gateway to RenaissanceRe's proven catastrophe bond investment strategy. The RenaissanceRe Capital Partners team will act ... Read the full article
Hippo’s $42m LA wildfire loss includes $15m gross savings from sale of subrogation rights
6th March 2025
Home insurance carrier Hippo has announced estimated losses from the January 2025 Los Angeles, California wildfires of $42 million pre-tax, net of reinsurance recoveries and subrogation, also revealing that it has agreed to sell its subrogation rights specific to its portion of losses from the Eaton wildfire. The insurer's $42 million ... Read the full article
WTW partners with KIT and NASA to enhance hail risk modelling
6th March 2025
WTW, an advisory, broking, and solutions company, has announced the continuation of its long-standing collaboration with the Karlsruhe Institute of Technology (KIT), alongside NASA’s Disasters Program and the NASA Langley Research Center. The partnership will focus on advancing the understanding and modelling of hail risk, leveraging more than a decade of ... Read the full article
Miller appoints senior hires to launch new M&A and Strategic Solutions team
6th March 2025
Miller, the independent specialist re/insurance broker, has announced the appointment of three senior professionals to its newly established M&A and Strategic Solutions (MASS) team. The newly formed team will be led by Andrew Johnson and Edwina Charlton, both of whom bring extensive expertise in the M&A and insurance sectors. Joining them is ... Read the full article
Moody’s reports 7,112 wildfires in 2025, highlighting expanding threat across US
6th March 2025
According to Firas Saleh, Director of Wildfire Models for North America at Moody’s, a credit rating agency and provider of financial analysis, the United States has already seen 7,112 wildfires in 2025—around a 37% increase over the 10-year average for the same period. This rise in wildfire activity is not a ... Read the full article
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