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 […]
Carrier
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 […]
Property cat rates expected to fall ~10% at June 1 but market dynamics still favourable: KBW
KBW, an investment bank focused on insurance and reinsurance markets, has provided a detailed outlook on the upcoming June 1, 2025, reinsurance renewals, along with projections for the January 1, 2026 renewal season. According to KBW’s recent discussions with top industry executives during their Bermuda tour, property catastrophe excess-of-loss reinsurance rates are expected to decline […]
TransRe calls for urgent and substantial D&O price increases amid unprofitable market conditions
Reinsurer TransRe is urging immediate and material increases in US Public Directors & Officers (D&O) insurance pricing, warning that the current market remains unsustainable. In a recent market update, TransRe states that the D&O sector is once again operating at a loss, despite prior correctional pricing measures. TransRe argues that rationales often cited for flat […]
Europe’s big four reinsurers still on track to meet ‘ambitious’ 2025 targets, says Fitch
Although the property and casualty (P&C) operations of reinsurers Munich Re, Swiss Re, Hannover Re, and SCOR were hit by elevated large loss costs in the first quarter of 2025, driven by the historic Los Angeles wildfires, analysts at Fitch Ratings feel the four companies are still on track to meet their “ambitious targets” for […]
Aon and Moody’s expand reinsurance casualty collaboration
Global insurance and reinsurance broker Aon has expanded its reinsurance casualty collaboration with Moody’s Insurance Solutions into commercial risk. Building on the initial success in casualty reinsurance, the collaboration will now deliver insights on climate casualty and other emerging risks, risk mitigation strategies, and excess casualty named-peril products for commercial insurance buyers. The expansion aims […]