Reinsurance News
ICMR forecasts Lloyd’s CoR well below 90% despite high nat cat activity in 2024
5th March 2025
Lloyd’s of London is poised for another impressive year, with Insurance Capital Markets Research (ICMR) forecasting a combined ratio well below 90%, despite significant catastrophe losses in 2024. This outlook is based on results from 21 of the 27 listed companies that own Lloyd’s businesses, which make up the RISX equity ... Read the full article
Lockton Re names Aon’s Eric Paire as Head of Capital Advisory Practice
5th March 2025
Lockton Re, the reinsurance arm of independent insurance broker Lockton, has appointed Eric Paire as Head of the Capital Advisory Practice in London. Most recently, Paire has served as Head of Capital Advisory for nearly seven years at re/insurance broking group Aon. Prior to this, he was Head of Global Partners & ... Read the full article
Legal & General completes £505m Inchcape pension buy-in
5th March 2025
Legal & General has completed a £505 million buy-in with the Inchcape Motors Pension Scheme, securing the benefits of 2,295 retirees and 5,890 deferred members. The transaction, completed in 2024, covers the pension liabilities of the scheme associated with Inchcape plc, a global automotive distributor operating in 32 countries across Africa, ... Read the full article
Vincent Foucart joins Miller’s reinsurance practice as MD
5th March 2025
Independent insurance and reinsurance broker Miller has announced the appointment of former SCOR executive Vincent Foucart as Managing Director in its Reinsurance practice. In his new role, Foucart will primarily focus on Miller’s Western Europe markets, including France, Belgium, Luxembourg, Netherlands, Switzerland and Monaco, with responsibility for business growth and development ... Read the full article
A. J. Gallagher to acquire Woodruff Sawyer for $1.2bn
5th March 2025
Arthur J. Gallagher & Co. has signed a definitive agreement to acquire San Francisco, California-based Woodruff Sawyer for a consideration of $1.2 billion. Woodruff Sawyer provides a full suite of commercial property and casualty products, employee benefits solutions and risk management services with a focus on middle and large market clients. According ... Read the full article
Canopius expands Paul Hackett’s role to Regional Head of Distribution, APAC
5th March 2025
Global specialty and property and casualty insurer and reinsurer, Canopius Group, has expanded Paul Hackett's role to include serving as the Regional Head of Distribution for Asia Pacific (APAC), effective March 1st, 2025. Hackett currently serves as the Head of Marine for APAC and Middle East & North Africa (MENA), and ... Read the full article
UK P&I Club announces leadership changes in Athens and London
5th March 2025
The UK P&I Club, a provider of protection and indemnity (P&I) insurance and other services for the international shipping community, has announced leadership changes in its Athens and London offices. Sean Geraghty will return to the London office in April, taking on the role of Claims Operations Director after serving as ... Read the full article
Gallagher Re launches Cyber RAR Index, revealing 100% growth since 2020
5th March 2025
Reinsurance broker Gallagher Re has launched its Cyber Risk Adjusted Rating (RAR) Index, revealing that its value was 100% higher on January 1, 2025, compared to January 1, 2020. The Gallagher Re Cyber RAR Index is a measure of the change in reinsurance prices adjusted for expected changes to the underlying ... Read the full article
Enstar completes $196m LPT with Atrium
5th March 2025
Enstar has revealed that its Lloyd’s syndicate (Syndicate 2008), managed by Enstar Managing Agency Limited, has completed the previously announced transaction with Atrium Syndicate 609, managed by Atrium Underwriters Limited. Under the terms of the loss portfolio transfer (LPT) agreement, Atrium Syndicate 609 reportedly ceded net loss reserves of approximately ... Read the full article
SCOR posts solid P&C performance as FY’24 net income falls on L&H assumption review
5th March 2025
French reinsurer SCOR generated net income of €233 million in the fourth quarter of 2024, up 43.2% on the comparable prior year quarter, as gross written premiums (GWP) across the Group increased by 2.5% to €5.1 billion, driven by growth in property and casualty (P&C). SCOR's solid Q4 2024 performance has ... Read the full article
Howden Re welcomes Nicolò Forcellini as Director, DACH London team
5th March 2025
Howden Re, a global reinsurance broker, has recently announced the appointment of Nicolò Forcellini as a Director at Howden Re Fac, where he will be joining the DACH London team. Forcellini will work under the leadership of Tom Sharman, Managing Director of Howden Re Fac. Sharman commented: "Nicolò’s appointment further strengthens our ... Read the full article
Amwins acquires Community Association Insurance Solutions
5th March 2025
Amwins, a distributor of specialty insurance products and services, has acquired Community Association Insurance Solutions (CAIS), a Managing General Agent (MGA) and Programme Administrator specialising in insurance solutions for homeowners' associations, townhomes, condominiums, and planned unit developments. As per the terms, CAIS will continue its ongoing operations as part of Amwins ... Read the full article
Marvin Pestcoe joins Employers Holdings’ Board of Directors
5th March 2025
Employers Holdings, Inc., a provider of workers' compensation insurance and risk management services, has announced the appointment of Marvin Pestcoe to its Board of Directors, effective March 3, 2025. Pestcoe brings extensive experience to the board, having retired from Langhorne Re, a global reinsurer specialising in life and annuity portfolios. He served ... Read the full article
Hiscox reinstated retro and bought additional cover after LA wildfires
4th March 2025
The start of 2025 saw several wildfires impact the Greater Los Angeles area, causing loss of life and widespread destruction, with insurance industry losses currently coalescing around the $40 billion mark, leading Hiscox to tap its retrocession coverage. Specialist insurer Hiscox recently reported that its own losses from the wildfires, projected ... Read the full article
Emma Woolley appointed CEO of AIG’s Talbot
4th March 2025
Global insurer AIG's Talbot Underwriting, an international insurer and reinsurer operating within the specialist Lloyd's marketplace via Syndicates 1183 and 2019, has appointed Emma Woolley as its new Chief Executive Officer (CEO), effective March 2025. Talbot has been part of AIG since 2018 when the carrier acquired Validus for $5.56 ... Read the full article
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