Reinsurance News
MAPFRE RE partners with CyberCube to enhance cyber risk management
5th March 2025
MAPFRE RE, the reinsurance arm of Madrid-based insurer MAPFRE, has entered into a three-year agreement with CyberCube, a provider of cyber risk analytics, to license its suite of solutions. This partnership reinforces MAPFRE RE’s commitment to strengthening its cyber risk management capabilities. Under the agreement, MAPFRE RE will use CyberCube’s suite of ... Read the full article
Swiss Re names Marilyn Blattner-Hoyle as new Head Public Sector Solutions
5th March 2025
Global reinsurer Swiss Re has announced the appointment of Marilyn Blattner-Hoyle as Head of Public Sector Solutions, effective April 1, 2025, succeeding Veronica Scotti. Scotti will leave Swiss Re after over 25 years of service, having held several leadership roles across the Group, including Managing Director, President & CEO for Canada ... Read the full article
Kin expands into California with new home insurance option
5th March 2025
Kin, a digital home insurance provider, has announced the launch of a new home insurance option in California, as part of its mission to provide necessary coverage in markets that are increasingly underserved due to catastrophic events. California has faced a persistent shortage of insurance options, exacerbated by the rising threat ... Read the full article
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
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