Reinsurance News
DUAL Group unifies global underwriting operations under one brand
18th February 2025
DUAL Group has announced it is unifying its global underwriting operations under one brand, as it “aims to enhance the experience for all of its partners and clients and simplify access to expanding capabilities across a broad range of products and services.” DUAL Oliva, DUAL Aqua, DUAL Asset, DUAL Galileo and ... Read the full article
Renew Risk raises £5m to boost renewable energy risk analytics
18th February 2025
Renew Risk, a risk analytics SaaS provider for renewable energy assets, has secured £5 million in funding. The round was led by Molten Ventures and included participation from Lloyd's, existing investors Insurtech Gateway, and influential angel investors. The company plans to use the investment to further develop its proprietary risk model suite, ... Read the full article
Aon names Jennifer Richards as CEO of Asia Pacific
18th February 2025
Global insurance and reinsurance broker Aon has appointed Jennifer Richards as Chief Executive Officer (CEO) of Asia Pacific (APAC), effective March 1st, 2025, based in Singapore, reporting to Lori Goltermann, CEO of Regions. The appointment sees Richard join the Aon Executive Committee, and she will also move to Singapore in the ... Read the full article
Aaron Brockwell joins Volante Global as Head of Outwards Reinsurance
18th February 2025
International Managing General Agent (MGA) and Lloyd’s Syndicate, Volante Global, has appointed Aaron Brockwell as Head of Outwards Reinsurance, a newly created position. Brockwell has over twenty years of experience in Lloyd’s and the London market. In his new role, he will reportedly design and purchase optimal reinsurance solutions across Volante Global. Reporting ... Read the full article
Over 1 in 4 UK businesses impacted by civil unrest in 2024: Gallagher
18th February 2025
More than one in four UK businesses were affected by civil unrest in 2024, with nearly two-thirds viewing it as a major concern for 2025, according to new research by Gallagher. Gallagher conducted the study in January 2025, surveying more than 500 UK business decision-makers across companies of all sizes. Protests and ... Read the full article
QBE Europe appoints Francisco Castro Yebra as senior underwriter, W&I
18th February 2025
The European arm of global insurance and reinsurance group QBE has expanded its warranty and indemnity (W&I) team with the appointment of Francisco Castro Yebra as senior underwriter. The appointment follows the rise of Mergers and Acquisitions (M&A) activity this year, according to QBE. Yebra will be based in London underwriting ... Read the full article
Ana Dores succeeds Enrique Lopez Torrents as AXA XL Country Manager, Iberia
18th February 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Ana Dores as Country Manager, Iberia, effective March 1, subject to regulatory approval. The executive will be succeeding Enrique Lopez Torrents who will be leaving the firm to pursue opportunities outside ... Read the full article
AM Best assigns ratings to SoteriaRe
17th February 2025
AM Best has assigned Soteria Reinsurance Ltd. a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent), with a stable outlook. Soteria Re, launched in 2023, is an incorporated Class C insurer registered in Bermuda with focus on the US retail fixed annuities and ... Read the full article
Aymeric Martin appointed Chief Risk and Resilience Officer at Allianz (AGCS)
17th February 2025
Allianz Commercial, a provider of insurance and risk management services, has announced the appointment of Aymeric Martin to the Board of Allianz Global Corporate & Specialty SE (AGCS), the legal entity of Allianz responsible for Allianz Commercial. Martin, who is currently the Chief Financial Officer of Allianz Ireland, will assume the ... Read the full article
Florida insurance market improving, challenges remain for reinsurers: TransRe’s Rhodes
17th February 2025
Florida's tumultuous insurance market is showing signs of improvement, raising hopes for some relief in upcoming June renewals, Kyle Rhodes, President, North American operations at TransRe stated during AM Best’s recent Reinsurance Briefing. Experts are cautiously optimistic, pointing to a number of factors, including reinsurance rate adjustments and legislative reforms, as ... Read the full article
Kris Westall named COO of BMS Re US
17th February 2025
BMS Group has announced the appointment of Kris Westall as Chief Operating Officer (COO) of BMS Re US, effective immediately. She will be taking over the role from John Canavan, who is retiring. “We also extend our sincere thanks to John Canavan, who is retiring as COO of BMS Re US. John ... Read the full article
Aon enters co-broking agreement with Protecdiv
17th February 2025
Aon has entered into a co-broking agreement with minority-owned enterprise (MBE) broker Protecdiv to enhance service offerings to U.S.-based public and private sector entities. According to Aon, Protecdiv is the only certified MBE, full-service insurance and reinsurance brokerage firm focused on public entity, specialty and multi-national clients in the property, casualty, ... Read the full article
Enact Re appoints Marty Scherzer as CEO
17th February 2025
Enact Re, part of Enact Mortgage Insurance Corporation, the flagship legal entity of mortgage insurer Enact Holdings, Inc., has appointed Marty Scherzer as its new Chief Executive Officer (CEO), based in New York, effective immediately. Scherzer is an industry veteran who started his career at Johnson & Higgins as a consultant. ... Read the full article
2025, the year GenAI delivers real value to the re/insurance industry: Capgemini’s Denninger
17th February 2025
2025 will be the year when GenAI starts delivering real value in the re/insurance industry, particularly in customer service, but also in other areas, according to Adam Denninger, Global Insurance Industry Leader at Capgemini. Denninger recently spoke with Reinsurance News in an interview, discussing a variety of topics, particularly AI and ... Read the full article
PPL reports strong platform performance during peak renewals season
17th February 2025
Placing Platform Limited (PPL) has reported strong platform performance and service delivery during the peak 1/1 renewals season. 2024 marked a year of significant transition for PPL, characterised by continuous platform enhancements, with a renewal season that culminated in near-faultless service standards for users during the traditionally busy renewals period, the ... Read the full article
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