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 as global product […]
Corebridge Financial, an American multinational financial services company, has announced its financial results for the first quarter of 2025, reporting $649 million in adjusted after-tax operating income despite a net loss of $664 million. Q1 2025’s net loss compares to a gain of $878 million reported in the same period last year. Corebridge attributed this […]
European reinsurer Hannover Re has announced the appointment of Lena Kettler as Global Head of Claims (P&C), a newly created position based in Hannover. Kettler is joining Hannover Re with close to two decades of industry experience with extensive knowledge in both underwriting and claims. “Thanks to her broad experience, Lena will be able to […]
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 of structured reinsurance solutions. […]
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Todd Sutherland, current Senior Vice President, Management Liability for the Excess and Surplus Lines (E&S) segment, to succeed Richard Schmitzer as President of the E&S segment, effective May 5th, 2025. Schmitzer will retire as Chief Executive Officer (CEO) of the E&S segment on July […]
ZestyAI, a provider of AI-driven insurance risk analytics, has announced that its Severe Convective Storm suite, which includes Z-HAIL™, Z-WIND™, and Z-STORM™, has received regulatory approval from the Ohio Department of Insurance. With the addition of Ohio, the suite is now approved for use in 16 states. Ohio has experienced 36 billion-dollar loss storm events […]
In its Q1 2025 results, Lemonade has reported total revenue of $151.2 million, marking an increase of $32.1 million or 27%, compared to Q1 2024, primarily due to the increase in gross earned premium, ceding commission income, and net investment income. Meanwhile, the firm’s in force premium, defined as the aggregate annualised premium for customers […]
Mercer, a business of Marsh McLennan, has completed its acquisition of SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. SECOR serves the complex needs of institutional investors, offering a range of end-to-end portfolio solutions, including investment advisory and implementation, fiduciary management, and asset liability management. Initially announced in February 2025, the […]
James River Group Holdings, a Bermuda-domiciled insurance holding company, has reported first quarter 2025 net income of $9 million and adjusted net operating income of $9.1 million, compared to $20.9 million and $14.8 million, respectively, in Q1’24. For the quarter, gross written premium (GWP) was $294.4 million, and Excess and Surplus Lines (E&S) contributed with […]
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 policyholder surplus in the […]
