Reinsurance News
Swiss Re committed to California despite wildfire challenges: CFO Dacey
3rd March 2025
In an interview with CNBC, Swiss Re CFO John Dacey said the firm won’t retreat from California despite recent wildfires, emphasising its ability to price the risk effectively and support insurers, just as it does in Florida’s private residential market. When asked by CNBC if Swiss Re plans to withdraw from ... Read the full article
P&C insurers to navigate continued natural catastrophe pressures: Fitch
3rd March 2025
Fitch Ratings, a provider of credit ratings, research, and analytics, forecasts that the property and casualty (P&C) insurance industry will continue to face challenges from volatile natural catastrophe risks in 2025. Despite these risks, Fitch believes that the industry's capital strength will enable re/insurers to absorb the impact of these losses, ... Read the full article
Vicky Ivanova rejoins Tysers to lead US Casualty and US Healthcare team
3rd March 2025
Tysers, an independent Lloyd’s broker and member of the Australian AUB Group, has announced the appointment of Vicky Ivanova as head of its US Casualty and US Healthcare business. Ivanova will leverage her 10 years’ broking experience in placing complex risks across the US Casualty and Healthcare markets to help drive ... Read the full article
Apollo names Rob Littlemore as Independent Non-Executive Director
3rd March 2025
Apollo, an integrated insurance group, has appointed Rob Littlemore as an independent non-executive director of Apollo Syndicate Management Limited, pending regulatory approval. Littlemore brings over 35 years of experience in the (re)insurance industry, having held key leadership positions, including Chief Executive of XL Catlin Reinsurance London and Head of Catlin’s London ... Read the full article
Optio Group acquires Norwegian MGA S Insurance
3rd March 2025
Optio Group (Optio), an independent specialty MGA, has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an undisclosed amount, subject to regulatory approval. The acquisition strengthens Optio’s strategy of building a diverse and specialised MGA platform across Europe. It follows previous expansions, including the acquisitions of Netherlands- and Brussels-based MGA Den ... Read the full article
Bridgehaven adds former Lloyd’s CRO Giles Taylor to leadership team
3rd March 2025
Giles Taylor, former Lloyd’s Chief Risk Officer (CRO) has joined UK based hybrid insurer Bridgehaven’s leadership team. Taylor brings over 25 years of insurance market experience from his time in the Lloyd’s and company markets to his new role. He spent 16 years at Lloyd’s where he held a number of senior ... Read the full article
Pool Re completes placement of new £2.75bn retrocession programme
3rd March 2025
Britain’s government-backed terrorism reinsurer, Pool Re, has completed the placement of a new retrocession programme with over 60 international reinsurers, providing £2.75 billion of aggregate excess of loss cover, up from £2.4 billion. This placement reportedly provides reinsurance for property damage resulting from acts of terrorism certified by the UK Government, ... Read the full article
Japan’s financial regulator reviewing life insurers’ exposure to reinsurance risks
3rd March 2025
Japan's financial regulator is assessing life insurers to evaluate the risks associated with their increasing reliance on transferring policy liabilities to reinsurers supported by global investment firms, as per a recent report from The Japan Times. Japan's total value of individual life insurance and annuity policies in force reached nearly $6 ... Read the full article
Flood Re appoints Perry Thomas as CEO
3rd March 2025
UK flood reinsurance scheme, Flood Re, has announced that Perry Thomas has been appointed to take over from Stuart Logue as its new Chief Executive Officer (CEO), effective immediately, subject to regulatory approvals. Logue previously served as Flood Re's Chief Financial Officer (CFO), and was named Interim CEO last year ... Read the full article
Chubb to acquire Liberty Mutual’s P&C insurance operations in Thailand and Vietnam
3rd March 2025
Global insurance carrier Chubb Limited has entered into agreements to acquire LMG Insurance in Thailand and Liberty Insurance in Vietnam, Liberty Mutual’s property and casualty (P&C) insurance businesses in Thailand and Vietnam. The two companies being acquired by large insurer Chubb offer a range of consumer and commercial P&C products, including ... Read the full article
Boost appoints Ellie Feldman as Chief Underwriting Officer
3rd March 2025
Property and casualty insurer Boost has announced the appointment of former Corvus Vice President Ellie Feldman as Chief Underwriting Officer. “Boost isn't just adding new distribution partners, expanding reinsurance capacity, and launching new lines of business, we are committed to strengthening our team with top-tier talent,” a Boost spokesperson stated. “We are ... Read the full article
Klarity and Munich Re enhance life insurance underwriting with third-party data and wearables
3rd March 2025
Munich Re Life US, in collaboration with Klarity, a UK-based health data analytics firm, is pioneering the integration of third-party longitudinal data and wearable technology into life insurance underwriting to refine and improve risk assessments. The life insurance industry is experiencing a significant shift toward accelerated underwriting (AUW) programmes, driven by ... Read the full article
Hayley Johnston appointed as Independent Non-Exec Director of Brace Underwriting
3rd March 2025
Brace Underwriting Limited, a multi-line and alternative risk specialist underwriter supported by Beat Capital Partners, a subsidiary of Ambac Financial Group, Inc., has announced the appointment of Hayley Johnston to its board as an Independent Non-Executive Director, pending regulatory approval. Johnston currently serves as the Chief Executive Officer of Lancashire Insurance ... Read the full article
FutureProof Technologies launches FutureProof Insurance Agency
3rd March 2025
FutureProof Technologies, a venture-backed insurtech startup, has launched the FutureProof Insurance Agency, a wholly-owned subsidiary designed to enhance insurance distribution through AI-driven risk selection. The agency will sell policies on behalf of dozens of carrier partners across the United States, leveraging FutureProof's risk selection technology. This expansion builds on the success of ... Read the full article
African Risk Capacity and IFC partner to enhance agricultural insurance solutions in Africa
28th February 2025
African Risk Capacity Limited (ARC), a specialised agency of the African Union, and the International Finance Corporation (IFC), the private sector arm of the World Bank Group, have signed a Letter of Engagement to strengthen agricultural insurance solutions across the continent. The partnership aims to create a more secure and attractive ... Read the full article
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