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Innovation and strategy drive Bermuda’s reinsurance dominance: SiriusPoint’s Govrin
11th March 2025
In an interview with Reinsurance News, David Govrin, Group President and CEO of Global Reinsurance at SiriusPoint, discussed Bermuda's continued dominance as a reinsurance hub, highlighting its innovation, capacity, strategic location, and regulatory framework, while also noting the challenge of high operating costs. We spoke with Govrin around the Bermuda Risk ... Read the full article
Andrew George named President of Marsh Specialty
11th March 2025
Insurance broker Marsh has announced the appointment of Andrew George as President of Marsh Specialty, effective immediately. Based in London, and reporting to Martin South, President and CEO, Marsh, George will have the overall responsibility for Marsh Specialty’s global business, which includes the Aviation, Climate & Sustainability, Construction, Credit Specialties, Energy ... Read the full article
Maths Stanser to lead QBE’s distribution for European markets team
4th March 2025
Commercial insurer QBE has announced the appointment of insurance veteran Maths Stanser as head of distribution for European markets, replacing Fabian Desch who became QBE Germany’s GM last year. Maths will be based in Stockholm, and will lead broker engagement, help design the distribution proposition and develop the broker network across ... Read the full article
Beazley posts record profit for 2024 with CoR of 74.8%
4th March 2025
Specialist insurer Beazley has reported record profit before tax of $1.423 billion for full year 2024, up 13% on the prior year's $1.254 billion, as insurance written premiums rose 10% year-on-year to $6.164 million on the back of growth in the majority of divisions. Group-wide, Beazley generated an insurance service result ... Read the full article
Coalition secures $30m investment from MSI, expanding Active Insurance offerings
3rd March 2025
Coalition, a provider of Active Insurance focused on preventing digital risks before they occur, has announced a $30 million equity investment from Mitsui Sumitomo Insurance Co., Ltd. (MSI), a key member of the MS&AD Insurance Group, the largest non-life insurer in Japan and the broader Asia-Pacific region. This strategic partnership is ... 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
India has all the ingredients to become a reinsurance hub: G. Srinivasan, Galaxy Health & Allied Insurance
27th February 2025
According to industry experts, the combination of large carriers, a sizeable market, reinsurance talent, a long-standing insurance market history, and connections to other major markets globally, suggests India is poised to establish itself as a global reinsurance hub. During a recent panel discussion moderated by G. Srinivasan, Managing Director (MD) and ... Read the full article
P&I clubs maintain record-high free reserves amid technical challenges: AM Best
20th February 2025
AM Best, a credit rating agency specialising in the insurance industry, reports that despite ongoing technical performance challenges, Protection & Indemnity (P&I) clubs continue to hold record-high free reserves. These clubs, which provide mutual marine insurance for shipowners, face rising reinsurance costs and evolving risk factors, yet their financial resilience remains ... Read the full article
SiriusPoint reports underwriting income of $200m for 2024
19th February 2025
SiriusPoint has reported a full-year 2024 core income of $244.6 million, including underwriting income of $200 million, with a core combined ratio of 91%. The firm's 2024 total core income declined from $291.4 million in 2023, while underwriting income also fell from $250.2 million (89.1% combined ratio). According to SiriusPoint, the decrease ... Read the full article
Berkley Re launches new Turnkey Solutions Division to drive progress in reinsurance
18th February 2025
Berkley Re, a provider of reinsurance solutions, has announced the launch of its new division, Berkley Re Turnkey Solutions, designed to deliver reinsured turnkey solutions for carriers, Managing General Agents (MGAs), Program Administrators (PAs), and InsurTech companies. This division will focus on expanding Berkley Re's reinsurance portfolio through scalable, easy-to-implement solutions, ... Read the full article
Willis appoints Marsh’s Komorizono as Head of Risk & Analytics for CRB, Japan
12th February 2025
Brokerage Willis, a WTW business, has appointed Marsh’s Kohsuke Komorizono as Head of Risk & Analytics for Corporate Risk & Broking (CRB) in Japan. Komorizono will be based in Tokyo and report to Roy Nakazawa, Head of Japan and Head of Corporate Risk & Broking in Japan. He will also be part ... Read the full article
YOU RE launches as full-service reinsurance MGU for US niche & casualty risks
11th February 2025
YOU Re has launched as a full-service managing general underwriter (MGU) specializing in Casualty, non-catastrophe Property, Professional Liability, and Cyber lines in the US. The MGU, founded by Yury Braun, will leverage deep industry expertise and advanced technology to provide capacity to underserved market segments, aiming to optimise risk assessment and ... Read the full article
Room for wider and deeper AI adoption among re/insurers: Craig Campestre, Earnix
11th February 2025
In an interview with Reinsurance News, Craig Campestre, Chief Revenue Officer at Earnix, highlighted that the insurance and reinsurance industry can do more to adopt artificial intelligence (AI), emphasising the need for deeper integration, improved governance, and the rise of roles like Chief AI Officer. While progress has been made, Campestre ... Read the full article
Charles Taylor expands adjusting network with Accurex partnership
11th February 2025
Charles Taylor, a global provider of claims solutions, has announced a new associate partnership with Accurex, a specialised loss adjusting bureau. This collaboration significantly broadens Charles Taylor's European reach, incorporating coverage in The Netherlands. The partnership integrates Accurex into Charles Taylor's extensive network of expert adjusters, providing Accurex with access to a ... Read the full article
Bermuda reinsurance start-up Mereo launches with initial capital of over $700m
10th February 2025
Bermuda-based, integrated reinsurance platform Mereo has launched with initial capital of more than $700 million, after receiving full regulatory authority from the Bermuda Monetary Authority (BMA) and an A- rating from AM Best, Reinsurance News understands. It was revealed around the 2024 annual meeting of the reinsurance industry in Monte Carlo ... Read the full article
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