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Aon promotes Amanda Lyons to Bermuda CEO of Reinsurance

6th May 2025

Amanda Lyons has been appointed CEO of Aon Reinsurance Solutions Limited in Bermuda, effective July 1, 2025, subject to regulatory and immigration approvals. Based in Bermuda, Lyons is reportedly expected to lead the growth of Aon’s reinsurance platform on the island. In addition to her new role, she will continue to serve ... Read the full article

Envelop Risk adds Jacquelynn Morley to its Bermuda-based team

6th May 2025

Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has expanded its Bermuda presence with the addition of Jacquelynn Morley to the team. A reinsurance expert with 18 years of experience, Morley brings extensive capabilities in managing complex, multimillion-dollar fronting portfolios, seamlessly blending deep technical underwriting expertise with a sophisticated understanding ... Read the full article

Ample capital and competition point to ‘healthy buyer’s market’ in 2025: Willis

6th May 2025

The latest Insurance Marketplace Realities report from Willis highlights opportunities for buyers from ample capital, growing capacity, and renewed competition, signalling a healthy buyer's market in 2025. Willis, part of global insurance broking group WTW, notes that the commercial insurance market is operating from a place of historical financial strength, as ... Read the full article

Insurance pricing rolls off highs as market momentum shifts, says J.P. Morgan

2nd May 2025

J.P. Morgan, a financial services firm, is signalling that pricing pressure is beginning to take hold across the commercial insurance and reinsurance sectors. According to early Q1 2025 data analysed by the firm’s insurance research division, the nearly eight-year stretch of consistent premium rate increases is clearly losing momentum—and faster than ... Read the full article

DiLorenzo named Head of US Casualty for Aon’s Reinsurance Solutions

2nd May 2025

Global professional services firm Aon has appointed Anthony DiLorenzo as Head of US Casualty for Reinsurance Solutions. DiLorenzo assumes the role from Amanda Lyons, who was appointed Aon’s global product leader for Reinsurance Solutions in May 2024 to accelerate the firm's product segment strategy across property, casualty, agriculture, credit, and cyber. In ... Read the full article

AXIS reports dip in Q1’25 net income but underwriting result strengthens

1st May 2025

Bermuda-based insurer and reinsurer AXIS Capital Holdings has reported an improved combined ratio of 90.2% for the first quarter of 2025, up 0.9 points on the prior year, with stronger underwriting income in both its insurance and reinsurance segments. AXIS has reported a strong set of results for the opening quarter ... Read the full article

Mosaic promotes Thomas Duggan to Head of Claims for North America

30th April 2025

Global specialty insurer Mosaic Insurance has appointed Thomas Duggan as the Head of Claims for North America, based in New York. He was one of the 14 environmental specialists Mosaic hired across the US last year to build out the unit. In the expanded role, he reports to Natalie Graham, Mosaic’s ... Read the full article

Peak Re reports second-best net profit of $187m in 2024 amid challenging market

30th April 2025

Hong Kong-based global reinsurer Peak Re has announced its 2024 full-year financial results, reporting a net profit after tax of $187 million, which marks the company’s second-best results in its 12-year history. The company attributed this success, driven by all of its business units, to its resilience and sustained profitability amid ... Read the full article

Beazley’s premiums reach $1.51bn in Q1’25 as growth momentum continues

29th April 2025

Specialist insurer Beazley has reported that its insurance written premiums reached $1.51 billion in Q1 2025, representing a 2% increase compared to the same period in 2024. Breaking down the Q1 2025 total, the Property Risks division contributed $482 million, Specialty Risks $461 million, MAP Risks $258 million, Cyber Risks $247 ... Read the full article

At a macro level, the need for re/insurance is increasing: Aon CEO Case

25th April 2025

Regardless of the turbulent macroeconomic environment, the long-term trends, in terms of levels of risk, is on the rise, and as the need for solutions increases, there will be implications for demand and pricing of re/insurance, according to Greg Case, Chief Executive Officer (CEO) of global broking group Aon. Earlier today, ... Read the full article

Global commercial insurance rates fell 3% in Q1’25: Marsh

24th April 2025

Global commercial insurance rates fell 3% in the first quarter of 2025, following a 2% decline in Q4’24, marking the third consecutive quarterly decrease after seven years of rising rates, according to Marsh’s Global Insurance Market Index. Marsh noted that this continues the moderating trend first seen in Q1’21, driven by ... Read the full article

Xceedance names Gavin Lillywhite Operating Leader UKI and Europe

23rd April 2025

Xceedance, a global provider of technology and digital solutions, has announced the appointment of Gavin Lillywhite as SVP, Operating Leader UKI and Europe. Lillywhite's three decades of international experience in the London, Lloyd's, and Company Insurance Market have provided him with technical underwriting and distribution expertise, as well as a deep ... Read the full article

Brit appoints Jonathan Mudd as Active Underwriter for Syndicate 2988

23rd April 2025

Brit Group Holdings Limited has appointed Jonathan Mudd as Active Underwriter for Syndicate 2988. Mudd, who joined Brit in 2003, currently serves as Managing Director for FinPro and Cyber. He will retain this position alongside his new responsibilities as Active Underwriter for Syndicate 2988. Mudd succeeds Simon Bird in the role, having ... Read the full article

PERILS estimates Cyclone Alfred insurance losses at AUD 2.57bn

23rd April 2025

Zurich-based catastrophe insurance data provider PERILS AG has issued its initial industry loss estimate for Cyclone Alfred, placing the total insurance market loss at AUD 2.568 billion. For those unaware, Cyclone Alfred impacted the Australian states of Queensland and New South Wales between 28 February and 12 March 2025. Although the system's ... Read the full article

Neptune Flood reveals key leadership appointments to support continued growth

17th April 2025

Neptune Flood, a private flood insurance provider in the US, has announced several strategic leadership updates to support its ongoing expansion. Matt Duffy has been promoted from Managing Director to President. In this expanded role, Duffy will lead Neptune’s strategic initiatives, manage partnerships, and oversee daily operations. Since joining the company, he ... Read the full article