Reinsurance News
Guy Carpenter sees revenue climb to $2.4bn in 2024
30th January 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has generated revenue of $2.36 billion for the full year 2024, up 5% from 2023. Marsh McLennan’s Risk & Insurance Services unit, which houses both Guy Carpenter and insurance broker Marsh, reported revenue of $15.4 billion for 2024, an increase of 9% ... Read the full article
Anson named Rokstone’s new Global CEO, Potter appointed as Chairman
30th January 2025
Rokstone, an international specialty re/insurance managing general agent (MGA) and part of the Aventum Group, has announced the appointment of Ian Anson as Global CEO of Rokstone and James Potter as Chairman of Rokstone. Anson has been with Rokstone since 2020, and was serving as Managing Director for the last three ... Read the full article
Ki welcomes QBE as capacity partner on its platform
30th January 2025
Ki, the algorithmically-powered Lloyd’s digital follow platform, has entered into a strategic partnership with QBE to add the global insurance and reinsurance company's capacity to its platform starting February 3rd, 2025. In addition to this, Ki has confirmed that it will offer enhanced partner capacity for risks incepting from March 1st, ... Read the full article
Heritage expects losses from California wildfires of up to $40m
30th January 2025
Heritage Insurance, a super-regional P&C insurance holding company, has said that it expects to incur pre-tax, net current accident quarter catastrophe losses from the Los Angeles, California wildfires of between $35 million and $40 million in the first quarter of 2025. In a statement, the firm explained that it is participating ... Read the full article
Ariel Re’s third-party capital platform secures first round of funding
30th January 2025
Global reinsurer Ariel Re has announced the successful completion of the first fundraising round for its new third-party capital vehicle, Ariel Re Capital Partners (ARCP). Launched in 2024, ARCP provides a streamlined investment process for smaller investors seeking access to the Lloyd's of London marketplace, removing the requirement to establish a ... Read the full article
WTW underlines critical role of data & risk models as 2024 insured losses top $140bn
30th January 2025
According to WTW's latest Natural Catastrophe Review, the insurance protection gap for natural catastrophes is estimated to stand at 60%, as global insured losses surpassed $140 billion in 2024, marking the fifth consecutive year insured damages exceeded $100 billion. The global advisory, broking, and solutions firm highlighted several major events that ... Read the full article
Argenta and Helios launch 2025 round of Starter Homes investment vehicles
30th January 2025
In a joint initiative with Lloyd's focused investment vehicle, Helios Underwriting, Argenta Private Capital Limited (APCL) has launched the 2025 round of the Starter Homes investment vehicles. “Starter Homes offer investors access to Lloyd’s via a rental fee, without the need to own the underlying capacity, which allows investors to put ... Read the full article
Cowbell appoints James Porter as Lead Underwriter UK
30th January 2025
Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has announced the appointment of James Porter as Lead Underwriter for the UK’s middle market segment. In this role, Porter will lead a team to deliver tailored cyber insurance solutions for UK businesses. Simon Hughes, SVP, Global Distribution at Cowbell, expressed ... Read the full article
Alexandra Cliff to replace Burkhard Keese as Lloyd’s CFO
30th January 2025
Alexandra Cliff is set to take over from Burkhard Keese as Chief Financial Officer (CFO) of the specialist Lloyd's insurance and reinsurance marketplace on May 1st, 2025. The appointment is part of a long-established succession plan, with Cliff having served as Deputy CFO since November 2022. She currently serves on the Lloyd's ... Read the full article
Generali’s Board approves new three-year strategic plan
30th January 2025
Generali's Board of Directors has approved a new three-year strategic plan, Lifetime Partner 27: Driving Excellence, which aims to enhance excellence in the firm's customer relationships, operating model, and core capabilities. Philippe Donnet, Generali Group CEO, commented on the news, “Generali has successfully over-delivered against the ... Read the full article
AXIS reports solid underwriting result across insurance and reinsurance as premiums swell
30th January 2025
Bermudian re/insurer AXIS Capital has reported net income of $286 million and $1.1 billion for the fourth quarter and full year 2024, respectively, as the company's insurance and reinsurance segments produced an underwriting profit for both periods, despite elevated catastrophe activity. AXIS Capital's President and CEO, Vince Tizzio, has described 2024 ... Read the full article
BHSI expands management team with appointment of Francesco Longobardo as Head of Casualty in Italy
30th January 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance products, recently announced the further expansion of its management team and local underwriting expertise in Milan. The company, a part of the multinational conglomerate Berkshire Hathaway, appointed Francesco Longobardo as Head of Casualty in Italy. BHSI is known ... Read the full article
Experts highlight critical role of re/insurance in closing crisis protection gap
30th January 2025
The High-Level Panel on Closing the Crisis Protection Gap has emphasised the crucial role of all forms of insurance in increasing the share of prearranged crisis finance tenfold by 2035, particularly for least developed countries and small island developing states. In its newly released report, Crisis Protection 2.0: Future-Proofing Our World, ... Read the full article
XS Brokers appoints Annie Dawson as National Carrier Relations & Strategy Officer
30th January 2025
XS Brokers (XSB), an independent insurance underwriting and wholesale brokerage group, has appointed Annie Dawson as Senior Vice President and National Carrier Relations & Strategy Officer. In this new role, Dawson will report directly to Eric Wirkus, President, and will focus on aligning the company’s insurance carrier partnerships with its strategic ... Read the full article
Chubb’s Westchester forms three new business practices and announces new leaders
30th January 2025
Global insurer Chubb recently announced the formation of three new business practices (Property, Casualty, and Financial Lines) within its Excess and Surplus Lines Division Westchester. This move aims to strengthen Westchester's service to its Digital and Middle Market, Brokerage, and Programs businesses. The company also announced the appointment of three new leaders ... Read the full article
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