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UK government-backed terrorism reinsurer Pool Re has sponsored the fourth tranche of its £100m catastrophe bond, supporting UK economic resilience and protecting businesses from terrorism-related losses while containing risks in private markets. The transaction, issued through Baltic PCC Limited, a UK-registered special purpose vehicle, provides Pool Re with £100 million of mortgage retrocession protection and…
Specialty insurer and reinsurer SiriusPoint has appointed Sabra Purtill to its board of directors, effective March 25, 2026. At the same time, Franklin (Tad) Montross IV and Peter Tan will resign from the Board of Directors effective May 20, 2026. Purtill has four decades of experience in the insurance and financial services sectors, with expertise…
Fosun International Limited announced the unaudited results of Peak Re, a global reinsurance company headquartered in Hong Kong, for the full year 2025 (FY’25). Reinsurance revenue increased by 32.8% year-on-year to US$1.54 billion. Peak Re’s FY25 reinsurance services performance also increased by 12.7% year-on-year to US$162.9 million, and gross written premiums (GWP) increased strongly by…
Global reinsurance broker Howden Re has expanded its ongoing collaboration with Mitiga Solutions to enhance Spain’s national approach to assessing volcanic risk. The collaboration applies Mitiga’s proprietary volcanic catastrophe model to the Canary Islands to provide a deeper understanding of potential geological threats. The program was developed by Howden Re and Howden Iberia in partnership…
Private investment firm JC Flowers & Co. (JCF) has entered into an agreement to acquire a controlling stake in Niyam Group and serve as the lead investor in Lloyd’s newly formed consortium Niyam Syndicate 2047. Launched by industry veteran Bobby Swarup earlier this year, Niyam is a GIFT City-based reinsurance platform that connects global capital…
Swiss Re, one of the world’s largest reinsurers, has developed and launched an online claims submission portal for life insurance beneficiaries in partnership with Pan American Life Insurance Group (PALIG), a provider of life, accident and health insurance across the Americas. Designed to expand digital access to the claims process, the new portal marks an…
Speaking to Reinsurance News, Amit Agarwal, Chief Executive Officer (CEO) and Managing Director (MD) of Howden India, explained that prices are expected to soften in some segments of the market ahead of April renewals due to ample capacity and increased competition; however, the reinsurer remains firmly committed to the long-term potential of the Indian market….
Willis, an insurance brokerage owned by WTW, has launched the Willis Excess Liability Lineslip (WELL) facility, an umbrella insurance solution designed to address the United States’ limited ability to cover large and complex casualty risks. The company explains that WELL facilities offer up to $50 million in combined primary umbrella and first-time deductibles, providing organizations…
Life insurance, pensions and asset management services provider Aegon has nominated Marco Keim to the ASR Supervisory Board The appointment, which will see Keim succeed Lard Friese as a non-independent member, reflects Aegon’s position as a significant shareholder with an approximately 24% interest in the Dutch insurance company. Prior to his nomination, Frith announced in…
Profitability in the property and casualty (P&C) reinsurance industry appears to have peaked as competition intensifies across all business segments, credit ratings and risk analytics provider Moody’s Ratings said. Moody’s reports that by 2025, the combined ratios of Europe’s four largest reinsurers, Hannover Re, Munich Re, SCOR and Swiss Re, will benefit from falling claims…