Willis, a WTW business, has released its Reputational Risk Readiness Survey 2024/25, highlighting a sharp rise in concerns around cyber threats and environmental challenges among global senior executives. Of the 500 respondents, 65% identified cyber risk—especially cyber-attacks—as the most significant threat to their organisation’s reputation, an increase from 52% in 2023. Environmental issues followed closely, […]
Pan-African reinsurer Continental Reinsurance Group has announced a number of leadership appointments, including Lawrence Nazare’s as Group Managing Director. In his new role, headquartered in Botswana, Nazare will oversee the Group’s pan-African operations and long-term strategic direction. “It’s been a privilege to lead our Nigeria business and support the broader Group’s evolution. As I now […]
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported an underwriting loss of ₹392.3 crore for the fourth quarter ended March 31st, 2025, compared to a profit of ₹570.06 crore in the prior year fourth quarter. The combined ratio for Q4’25 deteriorated to 103.56%, compared to 89.26% in Q4’24. Net […]
Specialty insurance faces two key challenges, data loss due to a distended value chain and a lack of affordable and accessible technology, leading insurance service and data platform Accelerant to work to reengineer the business model, CEO Jeff Radke highlighted in an interview with Reinsurance News. Accelerant wants to simplify the specialty insurance value chain, […]
Chaucer Group, a global specialty insurance and reinsurance group, has announced the appointment of Jordan Ray as Head of Renewable Energy and Energy Transition. Based in London, Ray will report to and work closely with Simon Schnorr, Head of Marine and Energy. In her new role, Ray will lead the development of Chaucer’s underwriting strategy […]
Property catastrophe reinsurance post Q1 2025 results indicate that while there is ongoing rate pressure, market discipline and strong cedent demand are helping to maintain a healthy balance for the property catastrophe reinsurance market, according to a recent Peel Hunt analyst report. The report highlights that rate adequacy and returns on capital in the property […]
AM Best has revised the outlook for the Long-Term Issuer Credit Rating of MS Reinsurance to positive from stable, reflecting the company’s increasing significance within the MS&AD group and its improving financial performance. The rating agency has also affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICR of “aa-” (Superior) of […]
Bermuda-based insurer and reinsurer SiriusPoint has announced the appointment of Philip Enan as Chief Strategy and Corporate Development Officer. Based in New York, Enan joins the company’s Executive Leadership Team and will report to Chief Executive Officer Scott Egan. In his new role, Enan will lead SiriusPoint’s strategy development process and explore new investment opportunities […]
The Insurance Council of Australia (ICA) has upgraded the Mid North Coast and Hunter flooding event classification to an “Insurance Catastrophe” due to updated feedback on ground information about local event severity. So far, insurers have received 4,900 claims from the event, which has seen flooding in the Mid North Coast and Hunter impact communities […]
Vienna Insurance Group (VIG) has reported an 8.3% increase in gross written premiums (GWP) to EUR 4.65 billion for the first quarter of 2025, driven by growth across all lines of business. The highest premium growth rates were seen in the Special Markets (+25.4%), Poland (+13%), and Extended CEE (+10.3%) segments, with Romania, the Baltic […]
