Brazilian reinsurer IRB(Re), via its wholly owned subsidiary, Andrina Special Purpose Insurance Entity (SSPE), has issued the first insurance-linked securities (ILS) transaction in the country, a R$33.7 million transaction (USD 5.9m) covering risks related to the reinsurer’s surety bond portfolio. This issuance of the first ILS transaction in Brazil comes after the country’s insurance regulator, […]
Archives for May 2025
London market holds firm as reinsurance discipline shapes 2025 outlook: Berenberg
Berenberg, a private bank and financial institution in Europe, has released new analysis highlighting a clear trend across the London insurance market: stronger pricing discipline is holding, driven by structural changes in the global reinsurance space. The shift follows a period of elevated natural catastrophe losses, which prompted a reassessment of risk across the industry […]
Dai-ichi Life and M&G announce strategic partnership in asset management and life insurance
Dai-ichi Life Holdings, Inc., a Japanese life insurance company, and M&G, an international asset manager and asset owner, have announced a long-term strategic partnership involving asset management and life insurance. Under this agreement, M&G will serve as Dai-ichi Life HD’s preferred asset management partner in Europe. The partnership will focus on expanding growth, distribution, and […]
Generali gets €200m of windstorm & quake reinsurance with return to ILS market
Italian headquartered insurer Generali has returned to the insurance-linked securities (ILS) market sponsoring a catastrophe bond issued by Lion Re DAC that comprises two classes of notes for a total of €200 million covering windstorms in Europe and earthquakes in Italy. The Series 2025-1 Notes have been placed with capital markets investors in a Rule […]
Insurance Europe leaders present five priorities to boost EU competitiveness and climate resilience
Insurance Europe, the organisation representing the European insurance and reinsurance sector, has outlined key priorities ahead of the 15th International Conference. According to a statement from Insurance Europe’s leadership — Frédéric de Courtois, President; Alexander Sarrigeorgiou, Vice-President; and Thea Utoft Høj Jensen, Director General — the European insurance industry plays a vital role in the […]
Jon Colello elected Chair of Reinsurance Association of America Board
Jon Colello, President of PartnerRe Ltd., has been elected Chair of the Board of Directors for the Reinsurance Association of America (RAA)—a national trade association representing property and casualty reinsurers operating in the United States—during the organisation’s 57th Annual Meeting held on April 25, 2025. Joining Colello in leadership roles are Nic Berg, Head of […]
Aon promotes Reeve-Tucker to head of fac reinsurance for Latin America
Global insurance and reinsurance broker Aon has announced the appointment of Luke Reeve-Tucker as head of facultative reinsurance for Latin America, effective May 27, 2025. In this expanded role, he will continue to lead Caribbean facultative reinsurance and will be responsible for overseeing strategy, client engagement, and solution development across both regions. Reeve-Tucker will leverage […]
Peak Claims Group and Canopy Weather partner to enhance Peak Triage platform
Peak Claims Group, an independent claims management firm, has announced a strategic partnership with Canopy Weather, a provider of hyper-localised weather analytics, to enhance its Peak Triage platform. Peak Triage is a proprietary claims approach that leverages real-time data to triage claims at first notice of loss. With the integration of Canopy Weather’s advanced data […]
Lockton welcomes Jeff Miller as National Practice Leader to boost People Solutions
Lockton, a privately held insurance brokerage, has announced the appointment of Jeff Miller as National Practice Leader for the Stop Loss and Pharmacy practices. Miller returns to the firm with more than 30 years of experience and a proven history of developing solutions tailored to meet evolving client needs. His return comes at an important […]
Arundo Re’s growth ambitions earns S&P positive assessment
S&P Global Ratings has expressed a positive view on Arundo Re’s strategic growth ambitions, assigning the international reinsurer a financial strength rating of ‘A’ with a stable outlook. The credit rating agency highlighted Arundo Re’s (formerly known as CCR Re) potential for sustained profitability and expansion backed by its majority shareholders. Arundo Re has been […]